Archive for the ‘International Trade’ Category

International Trade, Japan, News

November 8, 2023

Japan has reported its largest current account surplus in 18 months for September, thanks to a positive swing in the trade balance and significant gains from overseas investments, according to data from the Ministry of Finance (MOF).   The current account surplus for September reached 2.72 trillion yen ($18.03 billion), slightly below the economists’ median […]

Indonesia, International Trade, News

November 8, 2023

In a significant move aligning with Indonesia’s proactive stance toward achieving ambitious emission reduction goals of 31.89 percent by 2030, the Indonesia Stock Exchange (IDX) officially launched carbon trading operations on September 26, 2023. This step follows the issuance of a carbon exchange license by the Financial Services Authority (OJK) on September 18, 2023, and […]

Switzerland has made a significant step toward shaping its future relationship with the European Union, with plans to determine its negotiating position by the year’s end. The Swiss government revealed this intention on Wednesday as it proceeds with efforts to regulate its ties with the EU, its largest trading partner.   Since April 2022, Bern […]

International Trade, News

November 7, 2023

In a recent gathering of experts and stakeholders at the 24th session of the Agriculture Market Information System (AMIS) Global Food Market Information Group, held at the World Trade Organization (WTO) headquarters on November 6-7, the importance of accurate and timely information regarding international agriculture markets was emphasized. Keynote speaker Edwini Kessie, Director of the […]

International Trade, News

November 6, 2023

In an effort to promote gender inclusivity and a better understanding of the link between trade and gender issues, the World Trade Organization (WTO) recently completed a two-day training course for government officials from Geneva-based permanent missions. This unique training initiative aimed to equip delegates, including trade officials, counsellors, and ambassadors, with the knowledge and […]

In an effort to strengthen economic ties between the United States and China, U.S. Treasury Secretary Janet Yellen is scheduled to meet with Chinese Vice Premier He Lifeng in San Francisco this week. This meeting aims to foster a budding economic dialogue between the world’s two largest economies in anticipation of a U.S.-hosted summit of […]

In a bipartisan effort to support trade relations between the United States and Africa, Democratic Senator Chris Coons has called for a 16-year extension of a trade program that grants qualifying African nations duty-free access to the U.S. market. Senator Coons, a prominent advocate for U.S.-Africa policy, believes that extending the program is vital for […]

South Korean President Yoon Suk-yeol expressed his aspirations for a substantial growth in trade and investment between South Korea and Ireland. This vision comes as the two nations collaborate to bolster their partnership in the fields of biotechnology and education.   During a bilateral summit held in Seoul with Irish Prime Minister Leo Varadkar, President […]

International Trade, News

November 3, 2023

International trade provides a well-established pathway for least-developed countries (LDCs) to achieve sustainable economic growth and development. However, LDCs face various challenges as they strive to increase their share of global trade, including domestic capacity limitations and trade barriers in export markets.   A recent collection of essays titled “LDCs and the Multilateral Trading System […]

A delegation of U.S. agricultural industry leaders convened in Beijing to engage with their Chinese counterparts, underscoring the importance of agricultural trade between the two nations despite ongoing political tensions. The gathering included representatives from 11 organizations, including the U.S. Soybean Export Council, U.S. Grains Council, and U.S. Wheat Associates, who met in the wake […]

China, International Trade, News

November 2, 2023

A delegation of Dutch semiconductor companies and suppliers is considering investment opportunities in Vietnam as part of efforts to diversify their manufacturing base and reduce reliance on China amidst growing trade tensions between China and Western countries. The delegation, led by outgoing Dutch Prime Minister Mark Rutte during a business mission to Hanoi, included representatives […]

Africa, International Trade, News

November 2, 2023

The African Union (AU) is advocating for a minimum 10-year extension of the African Growth and Opportunity Act (AGOA), emphasizing the need for stability and predictability in trade relations between Africa and the United States. Speaking at a series of meetings between African trade ministers and U.S. officials, AU Trade Commissioner Albert Muchanga urged that […]

International Trade, News, Ukrain

November 1, 2023

In a move to bolster transparency and safeguard its economic interests, Ukraine has announced new regulations governing food exports. These measures, aimed at curbing potential abuses like tax evasion in the export of crucial agricultural products, were outlined in a government resolution released on Wednesday.   Ukraine stands as one of the globe’s leading food […]

International Trade, News

November 1, 2023

In a significant development, the Committee on Import Licensing Procedures unveiled the Import Licensing Notification Portal on October 31st. This innovative digital platform marks a pivotal step towards enhancing transparency and streamlining the import licensing process within the World Trade Organization (WTO). Members of the committee can now draft and submit import notifications online, ushering […]