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Archive for the ‘News’ Category

Brazil Reaffirms Commitment to Fair Trade Following U.S. Tariff Adjustment

Brazil, News, Trade Policy

July 9, 2025

Brazil has reaffirmed its dedication to balanced and reciprocal trade relationships following the recent announcement by the United States to implement a 50% tariff on Brazilian exports. In response, President Luiz Inácio Lula da Silva emphasized that Brazil will act in accordance with its Economic Reciprocity Law to ensure fair treatment for its industries and […]

Philippines Aims to Strengthen Trade Ties with U.S. Through Planned Tariff Negotiations

News, Philippines, Trade Relations

July 9, 2025

The Philippines is taking proactive steps to further strengthen its trade relationship with the United States by initiating negotiations to revisit recently adjusted tariff rates, according to Philippine Ambassador to Washington, Jose Manuel Romualdez. This move reflects the country’s ongoing commitment to open dialogue and collaborative economic relations with key global partners. Ambassador Romualdez […]

Japan Seeks High-Level Tariff Talks with U.S. Treasury Secretary Bessent Ahead of Visit

Japan, News, Trade Policy

July 9, 2025

Japan is preparing to engage in high-level tariff discussions with the United States ahead of the upcoming visit of the U.S. Treasury Secretary Scott Bessent, who is set to attend the World Expo 2025 in Osaka later this month, according to reports by the Yomiuri newspaper. Japanese officials are aiming to initiate talks between […]

Innovative Filtrex Techno Engineering India Pvt. Ltd. Earns Nomination for Go Global Awards 2025

July 7, 2025

Innovative Filtrex Techno Engineering India Pvt. Ltd., a pioneering provider of advanced industrial filtration, separation, purification, and hydrogen fuel cell solutions, has been officially nominated for the Go Global Awards 2025. The prestigious international event will take place on November 18–19, 2025, at One Great George Street, Westminster, London. Organized by the International Trade […]

Canada’s Modern Slavery Act Proposal (2025) – Preparing for Upcoming Due Diligence Rules

July 4, 2025

Canada’s Modern Slavery Act Proposal (2025) – Preparing for Upcoming Due Diligence Rules

The introduction of Canada’s draft Modern Slavery Act in March 2025 has, perhaps predictably, sparked a mixture of anticipation and uncertainty among Canadian exporters and multinationals with ties to the Canadian market. The proposal, which would impose mandatory reporting requirements on firms with global revenues exceeding CAD 50 million, is still working its way through […]

India’s Services Sector Posts Strongest Growth in 10 Months, Signals Trade and Market Confidence

India, News, Trade

July 3, 2025

India’s services sector surged in June, recording its highest growth in ten months and highlighting the country’s robust economic momentum. The latest HSBC India Services Purchasing Managers’ Index (PMI), compiled by S&P Global, rose to 60.4 in June, up from 58.8 in May, signaling strong expansion in business activity driven by increased demand and easing […]

Japan’s Yen Shows Resilience as Trade and Policy Trends Shape Investor Strategy

Japan, News, Trade Policy

July 3, 2025

Japan’s currency continues to capture the attention of global markets, with the yen presenting long-term promise amid evolving trade relations and monetary policies. While recent shifts have led some investors to temporarily adjust their strategies, the yen remains a significant pillar in international trade and financial planning. Despite cautious signals from the Bank of […]

Uzbekistan’s Gold Export Boom Strengthens Trade Performance and Economic Stability

International Trade and Export, News, Uzbekistan

July 3, 2025

Uzbekistan’s gold exports have reached an impressive $6.49 billion in the first five months of 2025, marking a significant 54.8% increase compared to the same period in 2024. This surge, reported by the National Statistics Committee, highlights the country’s growing role in global trade, with gold now accounting for nearly 44% of its total export […]

Vietnam, US Advance Trade Ties With New Duty-Free Agreement

News, Trade Agreements, Vietnam

July 3, 2025

In a major development for global commerce, the United States and Vietnam have finalized a bilateral trade agreement that will allow American goods to enter the Vietnamese market duty-free—a strategic move expected to benefit exporters and strengthen trade relations between the two nations. This newly announced deal represents a significant step in addressing trade […]

Saudi Arabia and Indonesia Seal $27 Billion in Strategic Trade Agreements

News, Saudi Arabia, Trade Agreements

July 3, 2025

In a move that highlights growing trade and investment ties in Asia and the Middle East, Saudi Arabia and Indonesia have signed a series of high-value agreements and memoranda of understanding worth approximately $27 billion. These landmark deals focus on key sectors such as clean energy, petrochemicals, mineral resources, and sustainable supply chain development. […]

U.S. and India Accelerate Trade Talks, Eyeing Strategic Economic Partnership

India, News, Trade Relations, United States

July 3, 2025

In a promising development for global trade, the United States and India are intensifying efforts to finalize a mutually beneficial trade agreement. With negotiators from both sides actively engaged in high-level discussions in Washington, there is growing optimism that a deal could be reached ahead of the July 9 target date. The talks aim […]

Germany and United Kingdom to Sign Strategic Cooperation Pact, Strengthening Trade and Security Ties

Germany, News, Trade Relations

July 2, 2025

Germany and the United Kingdom are preparing to sign a landmark mutual assistance pact on July 17, reinforcing their long-standing partnership with a new layer of strategic cooperation. While primarily focused on defense, this agreement carries meaningful implications for trade, economic resilience, and regional stability. The treaty includes a mutual support clause that views […]

Northeast Asia Boosts Jet Fuel Exports to Europe, Strengthening Global Trade Connectivity

Europe, International Trade and Export, News

July 2, 2025

Northeast Asia is reinforcing its role as a key energy trade hub, with jet fuel exports to Europe reaching their highest level in nearly a year this June. This growth reflects a healthy adjustment in global trade flows, driven by competitive pricing, increased supply, and efficient logistics. Between 350,000 and 465,000 metric tons of […]

South Korea Becomes Global Trade Leader in Cosmetics, Surpasses U.S. in Exports

International Trade and Export, News, South Korea

July 2, 2025

South Korea has achieved a significant milestone in international trade, rising to become the world’s second-largest exporter of cosmetics—overtaking the United States and now trailing only behind France. This achievement reflects the country’s growing strength in high-value, innovation-driven exports and its expanding influence in global consumer markets. Between January and April 2025, South Korea […]

Two Star Safaris Ltd: Six Years of Growth, Impact, and Global Reach

International Trade, ITC Featured Member, Kenya, News

July 2, 2025

Two Star Safaris Ltd has rapidly established itself as one of Kenya’s fastest-growing, indigenous-owned safari companies. With a strong focus on both budget camping adventures and luxury lodge safaris, the company has become a favorite among travelers seeking authentic and personalized experiences across Kenya’s scenic landscapes — from the majestic Mount Kenya and Kilimanjaro to […]

Two Star Safaris Limited Nominated for 2025 Go Global Awards in London

International Trade, Kenya, Press Release

July 2, 2025

Two Star Safaris Limited, a leading indigenous-owned safari and tourism company based in Kenya, is proud to announce its nomination for the prestigious Go Global Awards 2025, hosted by the International Trade Council (ITC) and YARLT. The event will be held on November 18–19, 2025, at One Great George Street, Westminster, London. The Go […]

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