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Archive for the ‘International Trade’ Category

Vietnam’s Export-Import Activities Boost State Budget in First Half of 2024

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’s Exports Show Resilient Growth Amid Global Trade Challenges

China, International Trade, News

July 10, 2024

China is poised to report a robust surge in exports for June, marking the sharpest growth in fifteen months. Analysts attribute this acceleration to proactive measures by manufacturers, who are ramping up shipments in anticipation of potential tariffs from key export markets. According to a recent poll of 31 economists, exports are expected to have […]

Thailand Enhances Agricultural Exports to Shanghai Market

International Trade, News, Southeast Asia

July 9, 2024

Thailand is set to elevate its export criteria and agricultural product standards, reinforcing the credibility and quality of the “Made in Thailand” brand. This commitment was announced by the Agriculture and Cooperatives Minister on Monday following a meeting with the chairman of an international trade promotion council in Shanghai. The meeting, part of an […]

China Yet to Become Major Export Destination for Bangladesh

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 […]

Export-Import Trade Flourishes at Key Seaport

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’s Non-Petroleum Trade Deficit Shrinks by 22.9% in Q1 2024

Egypt, International Trade, News

July 8, 2024

The CabinetÃ¢â‚¬â„¢s Information and Decision Support Center has revealed a positive development in EgyptÃ¢â‚¬â„¢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, EgyptÃ¢â‚¬â„¢s […]

Indonesian Minister Clarifies Universal Application of Anti-Dumping Import Duties

Indonesia, International Trade, News

July 8, 2024

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 […]

Vietnam’s Exports Surge in First Half of 2024, Driving Trade Surplus

International Trade, News, Vietnam

July 8, 2024

Vietnam has reported a significant surge in exports during the first half of 2024, leading to a notable trade surplus. This growth has been fueled by both the domestic and foreign-invested sectors The domestic economic sector experienced a remarkable 20.6% increase in exports, reaching $53 billion USD, which represents 28% of the country’s total […]

India and UK Set to Resume Talks on Proposed Free Trade Agreement

India, International Trade, News, United Kingdom

July 8, 2024

Senior officials from India and the United Kingdom are scheduled to meet this month to advance discussions on a proposed free trade agreement (FTA). This development comes after the formation of a new government in the UK, with both nations eager to resolve outstanding issues and finalize the negotiations. The FTA talks, which began […]

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 Maintains Full-Year Current Account Surplus

International Trade, Japan, News

March 7, 2024

Japan has sustained its current account surplus for a consecutive full year, according to data released by the Ministry of Finance on Friday. The surplus in January was attributed to increases in overseas interest rates, which led to gains from foreign bond holdings. In January, Japan’s current account surplus amounted to 438.2 billion yen […]

JapanÃ¢â‚¬â„¢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 […]

French Exports to Libya Soar to 301 million Euro in 2023, Marking Highest Since 2015

International Trade, News

March 4, 2024

In a notable development, the French embassy in Tripoli revealed today that French exports to Libya surged to Ã¢â€šÂ¬301 million (US three hundred twenty-five million) in 2023, marking their highest level since 2015. This substantial increase represents a remarkable growth of 36 percent compared to the previous year. According to reports from the embassy, […]

AustraliaÃ¢â‚¬â„¢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 […]

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