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Archive for the ‘News’ Category

Peruvian Avocado Exports Show Strong Value Growth Amid Slight Volume Decline

Agricultural Trade, News, Peru

October 12, 2024

Peru’s avocado industry continues to showcase its strength in global trade, with export values rising significantly even as volumes dipped slightly. As of week 33 in 2024, Peru exported 499,000 metric tons of avocados, generating an impressive $1.044 billion. This represents an 11% increase in value compared to the same period last year, highlighting Peru’s […]

Vietnam Rice Exports Projected to Exceed 7.6 Million Metric Tons

Agricultural Exports, News, Vietnam

October 11, 2024

Vietnam is set to achieve rice export figures exceeding 7.6 million metric tons this year, according to the chairman of the Vietnam Food Association. As the world’s third-largest rice exporter, trailing only India and Thailand, Vietnam’s primary market for rice remains the Philippines. The chairman noted that recent changes by India to relax its […]

Lithuania Strengthens Global Trade by Supporting Skills Development in Developing Economies

Lithuania, News, Trade and Development

October 11, 2024

Lithuania is making a positive impact on global trade by contributing EUR 20,000 to the World Trade Organization’s Global Trust Fund for 2024. This generous contribution aims to empower government officials from developing and least-developed countries (LDCs) through training programs, enabling them to enhance their skills and deepen their participation in the international trading system. […]

China and Vietnam Set to Enhance Trade Relations with New Railway and Agricultural Agreements

China, International Trade and Agriculture, News, Vietnam

October 11, 2024

In a promising move for regional trade, China and Vietnam are on the verge of signing new agreements to strengthen railway connectivity and boost agricultural trade during Chinese Premier Li Qiang’s upcoming visit to Hanoi this weekend. Sources familiar with the discussions indicate that these agreements will significantly enhance economic collaboration between the two nations. […]

Malaysia Expands Durian Exports to China with Integrated Commodity Management

International Trade and Agriculture, Malaysia, News

October 10, 2024

Malaysia is taking significant steps to boost its durian exports to China by proposing an integrated management approach for key fruit commodities. The Agriculture and Food Security Ministry plans to extend the mandate of the national agricultural board responsible for pineapples to oversee durian production as well. This strategic move is aimed at capitalizing on […]

French Apples Flourish in the Middle East Through Quality and Sustainability

France, International Trade and Agriculture, News

October 10, 2024

French apple exports to the Middle East are thriving, driven by their exceptional quality, diverse varieties, and commitment to eco-friendly practices. The demand for premium, nutritious produce is soaring among luxury retailers, hotels, gourmet dining establishments, and health-conscious consumers in the region. To support this growing interest, a series of promotional activities have been […]

Strong September Secures Solid Quarter for Norwegian Seafood Exports

Agricultural Trade, News, Norway

October 10, 2024

Recent data reveals that seafood exports from Norway have reached impressive levels, totaling NOK 44.1 billion in the third quarter of 2024. This marks an increase of NOK 2.2 billion, or 5%, compared to the same period last year, showcasing a positive trajectory for the industry. The remarkable growth in export value can be […]

Free Trade Agreement with South Korea Set to Boost Philippine Textile Exports

Free Trade Agreements, News, Philippines, South Korea

October 10, 2024

The anticipated free trade agreement (FTA) between the Philippines and South Korea is expected to provide a moderate increase in textile exports from the Philippines. According to Robert Young, President of the Foreign Buyers Association of the Philippines (Fobap), the country exported approximately $50 million worth of mixed apparel to South Korea in 2023. […]

Philippines Aims to Revitalize Banana Exports to South Korea Through New Free Trade Agreement

International Trade and Export, Philippines

October 9, 2024

The Philippines is optimistic about rejuvenating its banana export sector with the recent free trade agreement established with South Korea. The Department of Trade and Industry has highlighted the potential of this agreement to address the declining market share of Philippine bananas in South Korea, where they face stiff competition from Vietnam and other Latin […]

Germany Reports Positive Growth in Exports, Boosting Trade Relations

Germany, International Trade

October 9, 2024

Germany’s export sector has shown encouraging signs of growth, with a reported increase in August that highlights strong international demand, particularly from the United States and the United Kingdom. Official data from the federal statistics office revealed a 1.3% rise in exports compared to the previous month, defying earlier forecasts that anticipated a slight decline […]

China Engages with EU to Strengthen Trade Relations on Electric Vehicles

China, International Trade

October 9, 2024

In a proactive move to enhance trade relations, China is engaging in “intensive communications” with the United States and the European Union regarding electric vehicle (EV) trade issues. This initiative follows the EU’s recent anti-subsidy ruling on Chinese EVs, announced on October 4, 2024, and reported by the state news agency Xinhua. The ruling has […]

South Korea and Singapore Set to Strengthen Trade Relations Through Strategic Partnership

International Trade, Singapore, South Korea

October 8, 2024

In a significant advancement for trade and regional cooperation, South Korea and Singapore have announced their intention to establish a strategic partnership in 2025, coinciding with the 50th anniversary of their diplomatic relations. This exciting development was unveiled during a joint press conference by South Korean President Yoon Suk Yeol and Singapore’s Prime Minister Lawrence […]

Vietnam Elevates Diplomatic Relations with France to Comprehensive Strategic Partnership

International Relations, Vietnam

October 8, 2024

Vietnam has reached a significant milestone by upgrading its diplomatic relations with France to a “comprehensive strategic partnership.” This notable achievement was announced during Vietnamese President To Lam’s recent visit to Paris, highlighting Vietnam’s growing importance in global supply chains and its skillful navigation of international relations through its flexible foreign policy, often referred to […]

Philippine-European Union Free Trade Deal Set to Boost Exports to $8.3 Billion

Trade Agreements

October 3, 2024

The Philippines is set to achieve a major increase in exports to the European Union as progress continues on a potential Free Trade Agreement between the two regions. A recent study from the Philippines suggests this agreement could elevate exports to the European Union to an impressive $8.3 billion, opening new doors for economic growth. […]

Poland’s Technology Exports Continue to Thrive for 12th Consecutive Year

Economic Development, News, Poland

October 2, 2024

Poland’s technology exports have experienced impressive growth for the twelfth year in a row, according to a recent report from the Polish Development Fund, a government-backed investment organization. In 2023, the technology sector accounted for 9.6% of the country’s total exports, a notable increase from 9.2% the previous year, reflecting a robust upward trend in […]

Vietnam’s Pepper Exports Achieve $1 Billion Milestone in 2024

Agricultural Trade, News, Vietnam

October 2, 2024

Vietnam’s pepper industry is celebrating remarkable success in 2024, with exports soaring to an impressive $1 billion in the first nine months. This achievement highlights the country’s position as a global leader in pepper production, despite a slight 1.5% drop in volume. The value of exports has surged by 46.9% year-on-year, driven by a significant […]

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