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Archive for the ‘International Trade’ Category

Europe, Indonesia, International Trade, News

February 12, 2024

In a bid to address concerns over the European Union’s imposition of definitive anti-dumping duties on fatty acid imports from Indonesia, the Southeast Asian nation has taken a significant step by initiating WTO dispute consultations with the EU. The request for consultations, formally circulated to WTO members on February 12th, signals Indonesia’s commitment to upholding […]

International Trade, News

February 12, 2024

Norway has pledged its support to bolster sustainable economic growth in least developed countries (LDCs) by contributing NOK 20 million to the Enhanced Integrated Framework (EIF). This initial contribution of CHF 1.2 million marks the commencement of Norway’s commitment to the newly established EIF Interim Facility, designed to sustain the progress achieved by LDCs with […]

Recent reports reveal an encouraging trend in UK-Philippines bilateral trade, with total trade in goods and services hitting a record high of £3.0 billion. Chris Nelson, the Executive Director/Trustee of the British Chamber of Commerce Philippines (BCCP), expressed optimism regarding the ongoing positive trajectory of trade between the two nations.   In a recent interview, […]

International Trade, News, South Korea

February 12, 2024

South Korea has once again secured its position among the world’s top 10 defense exporters, with exports totaling approximately $14 billion in 2023. This marks the second consecutive year that South Korea has achieved this milestone, showcasing its growing influence in the global defense market. Anticipating continued demand, bolstered by substantial deals already in place, […]

International Trade, News

February 8, 2024

In a significant move to bolster developing economies’ engagement in global trade, Finland has pledged EUR 1.2 million (CHF 1.14 million) to four World Trade Organization (WTO) trust funds. This initiative aims to support developing countries and least-developed country (LDC) members in better understanding and applying international trade regulations.   During a signing ceremony at […]

Europe, International Trade, News, Ukrain

February 5, 2024

Ukraine’s agricultural unions are urging their government to take all necessary steps to safeguard their unhindered access to the European market for their food products, according to a statement by the UCAB association on Monday.   In a recent announcement, the European Commission extended the suspension of import duties on Ukrainian exports, which was initially […]

International Trade, News, Taiwan

February 5, 2024

Taiwanese companies appear to be weathering the disruptions in the Red Sea’s crucial shipping lane without significant impact, as these disturbances coincide with the traditional low season in export demand, according to Economy Minister Wang Mei-hua’s statement on Monday.   The Red Sea route has seen certain shipping companies suspending transit to avoid potential attacks […]

China, International Trade, News, Spain

January 29, 2024

Spain and China Urged to Strengthen Trade and Investment Ties. Representatives from over a hundred Chinese and Spanish businesses, along with officials including China’s Ambassador to Spain, Yao Jing, convened in Barcelona to explore avenues for boosting trade and investment between the two nations.   Wang Bo, General Manager of China Construction Bank in Europe, […]

International Trade, News, South Korea

January 29, 2024

South Korea’s export-import cargo experienced a 1 percent growth in 2023, signaling a recovery in the country’s exports, according to the Ministry of Oceans and Fisheries. The seaports in South Korea handled a total of 1.32 billion tons of export-import cargo, a slight increase from the previous year’s 1.31 billion tons. However, overall cargo processed […]

China, International Trade, News

January 29, 2024

China is setting its sights on an ambitious plan to further expand its global network of high-standard free trade areas (FTAs) in 2024, building on the remarkable progress it has made in negotiating FTAs over the past year. Chinese Vice Commerce Minister Wang Shouwen has unveiled these intentions, highlighting the country’s commitment to increasing openness […]

Fifteen U.S. companies, including semiconductor firms, have expressed keen interest in investing a substantial $8 billion in Vietnam’s clean energy infrastructure. However, this investment is contingent on Vietnam’s progress in implementing renewable energy regulations, as revealed by a senior U.S. official during a press briefing in Hanoi.   Vietnam has been actively seeking to attract […]

Indonesia, International Trade, Japan, News

January 25, 2024

Japan and Indonesia have reached an agreement to remove trade barriers and enhance cooperation across various sectors, as announced by Indonesia’s Foreign Minister Retno Marsudi.   This development follows a bilateral meeting between Japanese Prime Minister Fumio Kishida and Indonesian President Joko Widodo in Tokyo on December 16, 2023, during which the two leaders discussed […]

Europe, International Trade, News

January 25, 2024

The European Commission has taken a significant step in promoting transparency in dual-use export controls by publishing new Guidelines on data gathering and processing for export controls. This development follows the recent release of the Commission’s White Paper on export controls, which emphasizes the importance of fully implementing the EU’s dual-use regulation.   On January […]