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Archive for the ‘International Trade’ Category

Nigeria and India Forge Stronger Ties in Trade, Maritime Security, and Development

India, International Trade, News, Nigeria

November 17, 2024

Nigeria and India have strengthened their economic and strategic partnership, focusing on maritime security, intelligence collaboration, and economic development. The announcement followed Indian Prime Minister Narendra Modi’s landmark visit to Nigeria, marking the first such visit by an Indian premier in 17 years, at the invitation of President Bola Tinubu.   During their discussions at […]

Japan’s Energy Subsidies Boost to Empower Trade and Household Stability as Fuel Costs Rise

International Trade, Japan, News

November 13, 2024

Japan is preparing to reinstate subsidies for electricity and gas prices from January, a proactive measure aimed at supporting households and energizing the broader economy in response to rising fuel costs. Expected to continue through March, these subsidies are poised to not only ease financial pressures on consumers but also stimulate economic activity—a move that […]

The EU and Republic of Korea Collaborate to Streamline Trade in Agricultural Products

Europe, International Trade

November 11, 2024

Trade in agricultural products between the European Union (EU) and South Korea is set to become more efficient with the recent agreement on digitalizing procedures.   The European Commission and South Korea have signed an administrative arrangement that focuses on electronic health certification and harmonizing certificates for the export of agricultural goods from the EU […]

South Korea Advocates for Clarity in US Chip Trade Regulations, Underscoring Global Industry Impact

International Trade, South Korea, United States

November 11, 2024

In a significant move reflecting the intricate dynamics of global trade relations, South Korea called upon the United States to provide clarity and resolution pertaining to uncertainties in U.S. export controls within the semiconductor sector, as well as conditions surrounding subsidies for chip investment. This request, articulated by Industry Minister Bang Moon-kyu during a meeting […]

United States Becomes Key Trade Partner as Dutch Imports Rise

International Trade, News, United States

November 5, 2024

The United States has reinforced its position as a major trade partner for the Netherlands, now ranking as the country’s second-largest supplier of goods. In 2023, Dutch imports from the U.S. grew by more than 12 percent compared to the previous year, highlighting a robust expansion in economic ties. This growth is especially notable given […]

Deputy Director-General Johanna Hill Highlights the Power of Trade to Drive Global Prosperity at Import Expo

China, International Trade, News

November 5, 2024

At the Hongqiao International Economic Forum in Shanghai on November 5, World Trade Organization Deputy Director-General Johanna Hill underscored the transformative potential of international trade in promoting global prosperity and resilience. Speaking at a session titled “China and 30 Years of the World Trade Organization: History and Evolution,” Hill praised the critical role of trade […]

Bangladesh Leverages Maldives as Strategic Hub for Textile Exports

Bangladesh, International Trade, News

November 4, 2024

In a proactive move to enhance its textile export capabilities, Bangladesh has started rerouting its shipments through the Maldives, marking a significant development in its trade strategy. This initiative aims to streamline logistics, better manage supply chains, and ensure timely delivery of products to global markets.   As the world’s second-largest garment producer, Bangladesh plays […]

Electronics Industry Sets Ambitious Goal for 5% Export Growth in 2025

International Trade, News, Philippines

October 28, 2024

The Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) is excited to announce its target of a 5% increase in exports for the upcoming year, driven by proactive inventory corrections and a surge in new investments.   SEIPI President Danilo C. Lachica shared this optimistic outlook during the 13th Arangkada Philippines Forum 2024, […]

India Seeks Strategic Partnerships to Boost Critical Mineral Imports for Energy Transition

India, International Trade, News

October 28, 2024

As India embarks on an ambitious journey toward renewable energy, the country is strategically positioning itself to enhance its trade in critical minerals essential for this transition. The Institute for Energy Economics and Financial Analysis (IEEFA) has identified a tremendous opportunity for growth, highlighting the need for India to develop a well-formulated strategy to meet […]

EU and China Advance Collaborative Talks on Electric Vehicle Trade

China, International Trade, News

October 25, 2024

The European Union and China are taking significant steps toward enhancing their trading relationship through continued technical negotiations on electric vehicles (EVs). Both parties are exploring innovative alternatives to the tariffs set to be imposed on China-made EVs, with the aim of fostering a more cooperative and beneficial trade environment.   In a recent video […]

UK Foreign Secretary Highlights Positive Trade Opportunities with China

International Trade, News, United Kingdom

October 19, 2024

During a significant visit to China, UK Foreign Secretary David Lammy underscored the importance of fostering “stability and clarity” in trade relations as the Labour government seeks to enhance its partnership with Beijing. Engaging in productive discussions with Chinese officials and British business leaders, Lammy emphasized the mutual benefits of a consistent trading framework that […]

Don’t Miss Out on CTW Global 2024: Connecting Trade Worldwide in Dubai!

International Trade, News, United Arab Emirates

October 18, 2024

  Are you ready to unlock new business opportunities and expand your global network? Join us at CTW Global 2024, taking place on October 22-23, 2024, at The Ritz-Carlton, JBR, Dubai. This premier B2B trading event is set to bring together local businesses and international manufacturers, offering a prime platform for collaboration, partnership, and distribution […]

Chinese Chip Equipment Manufacturers Gain Ground as U.S. Imposes Stricter Restrictions

China, International Trade, News, United States

October 18, 2024

In a shifting landscape of global semiconductor manufacturing, Chinese companies specializing in chip-making equipment are witnessing a surge in demand, fueled by heightened restrictions on China’s semiconductor industry by the United States. Recent research indicates that domestic equipment manufacturers, including industry giants like Naura and AMEC, are securing a larger share of contracts from Chinese […]

UK Foreign Minister Travels to China to Strengthen Trade and Economic Relations

International Trade, News, United Kingdom

October 17, 2024

In a significant move to enhance economic ties, the UK is sending a high-level government official to China this week. The visit aims to deepen trade cooperation and foster stronger economic connections between the two nations, highlighting a strategic and pragmatic approach by the newly elected government.   The two-day trip will include important discussions […]

Bangladesh Bank Introduces Concessions to Boost E-Commerce Product Exports

Bangladesh, International Trade, News

October 15, 2024

In a significant step to enhance the e-commerce landscape, Bangladesh Bank has introduced new regulations aimed at simplifying the export process for small traders. As of October 15, 2024, products valued at up to $500 exported through e-commerce will no longer require the mandatory EXP form.   This forward-thinking initiative, issued by the Foreign Exchange […]

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