Archive for the ‘International Trade and Economic’ Category

The Bank of Thailand is set to maintain its key interest rate at 2.25% on February 26, reinforcing financial stability and supporting the country’s expanding trade and investment landscape. With Thailand’s economy growing at a robust 3.2% in the last quarter—the fastest in over two years—this decision aims to sustain economic momentum and enhance the […]

U.S. Treasury Secretary Scott Bessent and Hungary’s Foreign Minister Peter Szijjarto met on Wednesday to discuss expanding economic and trade cooperation, reinforcing the strong partnership between the two nations. The meeting highlighted shared priorities in fostering investment opportunities and enhancing bilateral trade relations.   Secretary Bessent emphasized the growing economic ties between the U.S. and […]

Japan’s Minister of Economy, Trade, and Industry (METI), Yoji Muto, is set to visit the United States in March to engage in constructive trade discussions aimed at fostering economic collaboration and growth. A key focus of the visit will be seeking exemptions from upcoming U.S. tariffs on steel and automobiles, according to a report from […]

Vietnam’s export sector is poised to achieve its highest growth rate since 2021, with an expected 18% increase by the end of the year. This impressive performance underscores the country’s expanding role in international trade and its ability to adapt and thrive in a competitive global market.   By mid-November, Vietnam’s export turnover reached 352.38 […]

Thailand’s economy exceeded expectations in the third quarter of 2024, with a robust 3% year-on-year growth, driven by a resurgence in exports and strategic government stimulus initiatives. The National Economic and Social Development Council (NESDC) reported this impressive performance, surpassing the 2.4% growth forecast and the 2.2% expansion seen in the previous quarter.   Quarterly […]

The United Kingdom is encouraged to prioritize free trade and work towards strengthening its relationship with the European Union as a key strategy to enhance its economic growth, according to Bank of England Governor Andrew Bailey. In a recent speech, Bailey emphasized the critical importance of maintaining open and accessible trade policies amidst a global […]

Indonesia has posted impressive trade results for October 2024, showcasing strong growth in both exports and imports, which highlights the resilience of the nation’s trade sector amid global market dynamics.   Exports from Indonesia reached $24.41 billion in October, growing by 10.25% year-on-year—significantly surpassing market expectations of a 3.84% increase. This marks the highest export […]

  Three-day event set for November 6-8 at the Omni Providence   PROVIDENCE, R.I. – Rhode Island Commerce, in partnership with the International Trade Council, is set to welcome hundreds of business and economic development leaders from around the world at next week’s 2023 Go Global Awards.   Scheduled for Monday, November 6 – Wednesday, November 8, […]

As of September 29, 2023, there’s an impending concern about the U.S. Congress failing to finalize a spending agreement. Companies engaged in international trade are advised to brace for potential disruptions due to a possible Federal government shutdown beginning 12:01 am, October 1, 2023. This would significantly impact international trade practices, including agency closures and […]