Archive for the ‘International Trade’ Category

International Trade, News

July 11, 2024

Recent data from the Trade and Export Promotion Center reveals a significant rise in imports from northern regions, largely attributed to the booming entry of electric vehicles (EVs) and other consumer goods. This upward trend is a promising indicator of robust trade activities and economic resilience.   From January to June 2024, imports from the […]

Africa, International Trade, News

July 10, 2024

Nigeria has maintained its position as the fourth-largest contributor to intra-Africa trade in 2023, according to the Africa Trade Report 2024. The report indicates a slight decline in Nigeria’s intra-Africa trade volume, totaling $8 billion compared to $8.2 billion the previous year. Despite this decrease, Nigeria continues to account for a significant share of 4.2% […]

International Trade, News, Vietnam

July 10, 2024

Vietnam’s state budget received a substantial uplift from export-import activities, amounting to 200.46 trillion VND (8.35 billion USD) in the first half of 2024, reflecting an 8.4% increase from the previous year. This achievement, highlighted by the General Department of Vietnam Customs (GDVC) on July 9, underscores the nation’s strong trade performance amid a dynamic […]

China, International Trade, News

July 9, 2024

Despite a decade of generous preferential trade benefits, China has not emerged as a significant export destination for Bangladesh. In contrast, India and Japan have proven to be valuable export markets for Bangladeshi goods over the years.   According to data from the Export Promotion Bureau (EPB), Bangladesh’s exports to Japan reached $1.69 billion in […]

International Trade, News

July 9, 2024

A major seaport in Bangladesh has experienced significant growth in export-import trade during the fiscal year 2023-24 compared to the previous fiscal year. In FY2022-23, the port saw the arrival of 827 ships. This number rose to 846 ships in FY2023-24, surpassing the target of 840 ships by 6. This data was revealed in a […]

Egypt, International Trade, News

July 8, 2024

The Cabinet’s Information and Decision Support Center has revealed a positive development in Egypt’s non-petroleum trade deficit for the first quarter of 2024, marking a 22.9% decrease to $6.4 billion compared to approximately $8.3 billion in Q1 2023. This improvement is attributed to increased non-petroleum exports coupled with reduced non-petroleum imports. During Q1 2024, Egypt’s […]

Indonesia’s Minister of Trade, Zulkifli Hasan (Zulhas), has clarified that the upcoming increase in anti-dumping import duties will not solely target products from China but will extend to imports from all countries.   Addressing the press during his visit to the Rendang Asese Center in Padang, West Sumatra, on Sunday, July 7, 2024, Zulhas emphasized […]

In the first five months of 2024, trade between China and countries where Portuguese is spoken has surged to unprecedented levels, marking a significant milestone for economic exchange.   Data from a prominent trade organization reveals that exports from Portuguese-speaking countries to China have soared to a record US$58.4 billion. This marks a substantial 12.9% […]

International Trade, News

March 7, 2024

The World Trade Organization (WTO) has announced the commencement of the application process for its 2025 Young Professionals Programme (YPP). Individuals up to the age of 32 as of January 1, 2025, hailing from eligible developing economies and least-developed countries (LDCs), are encouraged to submit their applications by April 2, 2024.   Selected candidates will […]

International Trade, Japan, News

March 6, 2024

In a commitment to bolster inclusive global trade, Japan pledges EUR 115,000 (about CHF 108,000) to the WTO’s Global Trust Fund for 2024, aiming to support training programs for government officials from developing economies and least-developed countries (LDCs).   This contribution underscores Japan’s dedication to enhancing the trade-related capabilities of developing nations, enabling them to […]