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Archive for the ‘News’ Category

Regional Expansion Strategy to Boost Malaysian Sugar Exports

Agricultural Development, News, Southeast Asia

July 23, 2024

The International Trade Council has announced an exciting new development aimed at enhancing India’s agricultural export capabilities. A call for bids has been issued for a state-of-the-art processing and storage facility designed to improve the quality and extend the shelf life of agricultural products, with the goal of increasing export volumes. This advanced facility […]

Enhancing Agricultural Export Potential Through Production and Funding Reforms

Economic Development, News

July 23, 2024

The International Trade Council has announced an exciting new development aimed at enhancing India’s agricultural export capabilities. A call for bids has been issued for a state-of-the-art processing and storage facility designed to improve the quality and extend the shelf life of agricultural products, with the goal of increasing export volumes. This advanced facility will […]

New Agricultural Processing and Storage Facility to Boost India’s Export Potential

Agricultural Development and Trade, India, News

July 23, 2024

The International Trade Council has announced an exciting new development aimed at enhancing India’s agricultural export capabilities. A call for bids has been issued for a state-of-the-art processing and storage facility designed to improve the quality and extend the shelf life of agricultural products, with the goal of increasing export volumes. This advanced facility […]

Xizang’s Foreign Trade Sees Remarkable Growth in First Half of 2024

International Trade, News

July 23, 2024

Significant growth in foreign trade has been reported for southwest China’s Xizang Autonomous Region in the first half of 2024. The region’s import and export value surged by an impressive 132.4 percent year-on-year, reaching over 3.8 billion yuan (approximately $522.7 million), according to data from local customs. Xizang’s export value rose by 122.9 percent […]

Vietnam’s Imports from Taiwan Surge, Electronics Lead Growth

International Trade, News, Vietnam

July 22, 2024

Vietnam has achieved a significant increase in imports from Taiwan, with computers, electronic products, and components topping the list. In the first half of 2024, these imports reached USD 6 billion, marking a 27 percent rise compared to the same period last year. Data from the General Department of Customs reveals that trade between […]

Beijing Achieves Record High in Foreign Trade Driven by Emerging Industries

China, International Trade, News

July 22, 2024

Beijing has reached a record high in foreign trade for the first half of 2024, with total trade figures soaring to 1.83 trillion yuan (about USD 256.61 billion), as reported by the Beijing Municipal Customs Administration. This marks a notable 3.6 percent increase in import and export activity compared to the same period last year, […]

Penang Leads Malaysia’s Export Growth

International Trade, News, Southeast Asia

July 22, 2024

Penang continues to lead Malaysia’s export sector, achieving RM177.99 billion in exports from January to May this year. This marks a 3.9 percent increase compared to the same period last year, according to Penang’s Chief Minister. Penang’s export performance solidifies its position as Malaysia’s top exporter, contributing 30.5 percent of the nation’s total exports […]

Air Routes Boost Trade Imports and Exports in China’s Mountainous Province

China, International Trade, News

July 22, 2024

The recent launch of a new cargo route connecting Guiyang and Moscow has marked a significant milestone for southwest China’s Guizhou Province. This expansion increases the number of international cargo routes linked to the province to four, enhancing trade efficiency and convenience. Guizhou, characterized by its mountainous terrain, faces challenges with road and rail […]

Vietnam’s Clam and Oyster Exports to China Experience Remarkable Growth

China, Economic Development, News, Vietnam

July 22, 2024

Vietnam’s clam and oyster exports to China have experienced an extraordinary surge, reaching a total value exceeding US$2.7 million in the first five months of this year. This marks a staggering 119-fold increase from the same period last year. Data from Chinese customs, as reported by the Agency of Foreign Trade under Vietnam’s Ministry […]

Pakistan’s Exports to China Surge as Country Wraps Up Successful Fiscal Year

China, International Trade, News, Pakistan

July 19, 2024

Exports from Pakistan to China surged to $150.3 million in June, ending the fiscal year 2023-24 with a total export volume of $2.56 billion, according to recent data. In June alone, Pakistan’s overall global exports amounted to $2.529 billion, marking a 7.34% increase from $2.356 billion recorded in the same month of the previous year. […]

$16 Million Deal Enhances Export Capabilities and Global Market Reach

Export Development, News

July 19, 2024

A major partnership has been forged between a leading food company and a marketing logistics firm through a SAR 60 million ($15.9 million) agreement aimed at boosting international trade opportunities. The memorandum of understanding was signed by the CEOs of both firms, with oversight from key officials including the Minister of Industry and Mineral Resources. […]

Malaysia Requests India to Maintain Export Channels for Essential Commodities

International Trade, Malaysia, News

July 19, 2024

Malaysia has formally requested India to maintain export channels for crucial commodities such as rice, sugar, and onions, even amidst broader export restrictions. This request was articulated by Malaysia’s Minister for Plantation and Commodities on Thursday. “Malaysia depends heavily on imports for certain essential goods. Our domestic rice production meets only 65% of our […]

Xinjiang’s Foreign Trade Soars with Record First Half Growth

International Trade, News

July 19, 2024

The Xinjiang Uygur Autonomous Region in Northwest China has achieved remarkable growth in its foreign trade sector, surpassing the 200 billion yuan mark two months earlier than last year. The region saw a year-on-year growth of 48.4 percent in its trade volume during the first half of this year. From January to June, Xinjiang’s […]

Guangxi’s Trade Sector Flourishes in First Half of the Year

International Trade, News

July 19, 2024

Amid global economic uncertainties, the Guangxi Zhuang Autonomous Region has shown remarkable resilience and growth in its foreign trade sector. Recent customs data revealed that Guangxi’s total imports and exports surged to 345.28 billion yuan ($47.57 billion) in the first half of the year, reflecting a significant 12 percent increase compared to the same […]

Egypt’s Export Growth Signals Economic Resilience and Strategic Vision

Egypt, News, Trade and Export

July 18, 2024

Egypt’s exports in April showcased a commendable 0.8% year-on-year increase, reaching approximately $3.3 billion, according to data from Egypt’s Central Agency for Public Mobilization and Statistics. This growth contributed to a 2.5% reduction in the country’s trade deficit, which stood at around $2.7 billion for the same period, underscoring Egypt’s effective economic management amidst […]

Japan Faces Trade Growth Challenges Amid Global Economic Landscape

International Trade, Japan, News

July 18, 2024

Recent trade statistics from Japan indicate slower-than-expected growth in both exports and imports during June, reflecting ongoing economic complexities both at home and abroad. In June, Japanese exports rose by 5.4% year-on-year, below the forecasted 6.4% growth and a deceleration from the 13.5% increase seen in the previous month. Similarly, imports grew by 3.2% year-on-year, […]

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