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Archive for the ‘International Trade’ Category

Record Trade Growth Between China and Portuguese-Speaking Countries Marks Strong Start to 2024

China, Europe, International Trade, News

July 5, 2024

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% […]

WTO Invites Applications for 2025 Young Professionals Programme

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 […]

Japan’s Contribution to WTO Empowers Developing Economies in Trade Capacity Building

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 […]

Australia Launches $1.3 Billion Fund to Enhance Trade with Southeast Asia

Australia, International Trade, News, Southeast Asia

March 5, 2024

Australia has announced plans to establish a significant finance facility worth A$2 billion ($1.3 billion) aimed at boosting trade and investment in Southeast Asia, demonstrating its commitment to strengthening ties with the ASEAN bloc, which stands as the country’s second-largest two-way trading partner.   Treasurer Jim Chalmers emphasized the importance of the region, stating, “Our […]

Australia’s Maritime Security Initiative Elevates Trade Confidence in Southeast Asia

Australia, International Trade, News, Southeast Asia

March 3, 2024

Australia’s recent announcement of increased funding for maritime security initiatives in collaboration with ASEAN countries holds significant implications for regional trade dynamics.   During a crucial summit with the Southeast Asian bloc, Australia unveiled a substantial investment of A$64 million ($41.8 million) over four years, including A$40 million in new funding. This infusion of resources […]

China’s Used Vehicle Exports Surge, Expanding Global Market Reach

China, International Trade, News

March 3, 2024

In a noteworthy development, China has seen a remarkable uptick in the export of used cars over the past five years, as reported by the People’s Daily Online.   Since the initiation of a pilot program in 2019 designed to facilitate the export of used automobiles, China has experienced a staggering growth of over 250 […]

U.S. Trade Chief Offers Insights on WTO Negotiations

International Trade, News, United States

February 28, 2024

U.S. Trade Representative Katherine Tai provided an update on the ongoing negotiations at the World Trade Organization (WTO), indicating that while an agreement on reforming dispute settlement appeals was not expected this week, progress was evident, and the atmosphere remained constructive.   The impasse in the WTO’s dispute settlement system, attributed to the U.S. blocking […]

Sweden Supports Trade Growth in Least Developed Countries with SEK 27 Million Contribution

International Trade, News

February 28, 2024

Sweden has pledged SEK 27 million (equivalent to approximately CHF 2.3 million) to bolster economic growth in least developed countries (LDCs) through the Enhanced Integrated Framework (EIF). This funding will aid LDCs in maintaining their economic momentum during the transitional phase between the end of Phase Two of the EIF and the establishment of a […]

U.S. Lawmaker Leading Delegation from China Committee Visits Taiwan to Bolster Trade Ties

China, International Trade, News, United States

February 21, 2024

U.S. Representative Mike Gallagher, Chair of the House of Representatives select committee on China, arrived in Taiwan with a delegation of lawmakers to enhance trade relations. The visit aims to engage with Taiwanese officials, including President Tsai Ing-wen and President-elect Lai Ching-te, to discuss opportunities for economic cooperation.   Gallagher, a vocal advocate for Taiwan […]

Haiti’s Acceptance of Fisheries Subsidies Agreement Bolsters Trade Relations

International Trade, News

February 21, 2024

Haiti has formally accepted the Agreement on Fisheries Subsidies, marking a crucial milestone in global efforts to promote ocean sustainability. Ambassador Justin Viard presented Haiti’s instrument of acceptance to Director-General Ngozi Okonjo-Iweala, who praised Haiti’s commitment to this landmark agreement.   Expressing her warm welcome to Haiti’s acceptance, DG Okonjo-Iweala emphasized the significance of Haiti’s […]

Japan’s Exports to China Soar, Reinforcing Strong Economic Bonds

International Trade, Japan, News

February 21, 2024

In January, Japan experienced a remarkable surge in exports to China, marking a 29.2 percent increase year-on-year, according to reports from Japanese media outlet Nikkei. This surge played a significant role in Japan’s overall export growth for the month, underscoring the robust economic ties between the two nations.   The substantial rise in exports reflects […]

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