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Archive for the ‘News’ Category

Malaysia’s Economy Sees 5.3% Growth in Quarter 3, Signaling Strong Trade Prospects

Economic Development, Malaysia, News

October 21, 2024

Malaysia’s economy is projected to have achieved a commendable 5.3% growth in the third quarter of 2024 compared to the same period last year, as per the official advance estimates released on Monday. While this represents a slight moderation from the impressive 5.9% growth rate seen in the previous quarter, it underscores the resilience of […]

Cambodia Achieves Significant Growth in Rubber Exports, Surpassing $397 Million in Quarter 3 2024

Agricultural Exports, Cambodia, News

October 21, 2024

Cambodia has reported remarkable growth in its rubber export sector, with a total of 248,535 tonnes of rubber products exported, generating over $397 million in revenue during the first three quarters of 2024. This increase marks a 2.42 percent rise compared to the same period in the previous year, according to a recent report from […]

Afghanistan Achieves $31 Million in Fresh Fruit Exports in Six Months

Afghanistan, Agricultural Exports, News

October 20, 2024

Afghanistan’s agricultural sector is experiencing a promising surge, with the country exporting fresh fruits worth an impressive $31 million over the past six months. Akhundzada Abdul Salam Jawad, spokesperson for the Ministry of Industry and Commerce, shared this encouraging news, highlighting the resilience and potential of Afghan farmers.   These fresh fruits have found markets […]

China Enhances Export Controls on Dual-Use Items to Strengthen Trade Framework

China, News, Trade and Export

October 19, 2024

In a significant move to bolster its trade framework, China has announced enhanced export control measures for dual-use items, following a decree signed by Premier Li Qiang. Set to take effect on December 1, 2024, these regulations aim to promote transparency and standardization within China’s export policies.   The new regulations will implement a permit […]

India Seeks Strategic Mineral Partnership with U.S., Aims to Strengthen Trade Ties

India, International Relations, News

October 19, 2024

India’s Commerce Minister, Piyush Goyal, expressed optimism on Saturday about strengthening trade ties with the United States through a proposed critical mineral partnership. Speaking at a press briefing in New Delhi, Goyal highlighted the potential for this collaboration to serve as a stepping stone towards a broader Free Trade Agreement (FTA) between the two nations. […]

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 […]

WTO Cautions Against Global Trade Splitting Into Allied Blocs

Global Trade, News

October 18, 2024

Trade Realignment Could Elevate Costs, Risks, and Geopolitical Tensions, Says WTO Annual Report   As geopolitical pressures reshape international alliances, the World Trade Organization (WTO) warns that countries are increasingly favoring trade with allied nations over more efficient exporters. This shift is raising concerns about the future of a global economy founded on open and […]

Brazil’s Grape Exports Show Strong Growth in September, Positive Trade Outlook for October

Agricultural Development and Trade, Brazil, News

October 18, 2024

Brazil’s grape exports witnessed significant growth in September, with shipments reaching 3.17 thousand tons, marking an impressive 283% increase compared to August, according to Comex Stat data. While there was a slight 6% dip in export volume from the same period last year, this is primarily due to a short-term supply adjustment in the São […]

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 […]

AI Technology Takes Center Stage at Japan’s Joint Electronics and Mobility Trade Show

International Trade and Technology, Japan, News

October 15, 2024

The Combined Exhibition of Advanced Technologies (CEATEC) and Japan Mobility Show Bizweek launched on October 15, 2024, at the Makuhari Messe convention center in Chiba, celebrating a new era of collaboration between the electronics and automotive industries. This joint event, organized by leading industry associations, aims to strengthen international trade by fostering innovative partnerships as […]

Vietnam’s Shrimp Exports Thrive with Nearly $2.8 Billion in Revenue

Agricultural Trade, News, Vietnam

October 15, 2024

Vietnam’s shrimp export sector is celebrating a significant achievement, with estimated revenues reaching nearly $2.8 billion in the first nine months of 2024. This remarkable figure positions shrimp as the top-performing aquatic product, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). The revenue marks a robust 10.5% increase compared to the same […]

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 […]

U.S. Explores Export Framework for AI Chips to Strengthen Global Trade Relationships

News, Technology Trade Policy, United States

October 14, 2024

In a proactive move to enhance national security while fostering global trade, U.S. officials are considering a framework for export licensing of advanced AI chips to select countries, as reported by Bloomberg News on Monday. This initiative reflects the U.S. Commerce Department’s commitment to balancing trade opportunities with responsible technology distribution.   The potential export […]

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