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Archive for the ‘News’ Category

Indonesia Aims for OECD Membership to Boost Trade Prospects

Indonesia, News, Trade Policy

February 28, 2024

Indonesia is eyeing membership in the Organization for Economic Co-operation and Development (OECD) within the next two to three years, with the aim of enhancing its trade landscape, a senior cabinet minister announced Wednesday.   As Southeast Asia’s largest economy, Indonesia sees OECD membership as a strategic move to attract increased investment and foster beneficial […]

U.S. Trade Chief Offers Insights on WTO Negotiations

International Trade, News, United States

February 28, 2024

U.S. Trade Representative Katherine Tai provided an update on the ongoing negotiations at the World Trade Organization (WTO), indicating that while an agreement on reforming dispute settlement appeals was not expected this week, progress was evident, and the atmosphere remained constructive.   The impasse in the WTO’s dispute settlement system, attributed to the U.S. blocking […]

Sweden Supports Trade Growth in Least Developed Countries with SEK 27 Million Contribution

International Trade, News

February 28, 2024

Sweden has pledged SEK 27 million (equivalent to approximately CHF 2.3 million) to bolster economic growth in least developed countries (LDCs) through the Enhanced Integrated Framework (EIF). This funding will aid LDCs in maintaining their economic momentum during the transitional phase between the end of Phase Two of the EIF and the establishment of a […]

Chinese Premier Calls for Enhanced Economic and Trade Relations with US

News, Trade Relations, United States

February 28, 2024

Chinese Premier Li Qiang emphasized the importance of strengthening economic and trade ties between China and the United States during a meeting with a visiting US delegation, as reported by Chinese state radio on Wednesday.   Li emphasized that fostering economic and trade cooperation would benefit both nations, highlighting the mutually advantageous nature of such […]

WTO Director-General Urges Members to Forge Consensus as MC13 Nears Conclusion

News, Trade Policy

February 28, 2024

As the 13th Ministerial Conference (MC13) in Abu Dhabi approaches its closing session, WTO Director-General Ngozi Okonjo-Iweala commended members for the significant progress achieved during the intensive three-day meeting. With less than 24 hours remaining, she urged ministers to intensify their efforts and bridge remaining gaps on critical issues.   Speaking at a meeting of […]

US Resumes Poultry Exports to Colombia After Negotiations

Bilateral Trade Relation, Colombia, News, United States

February 28, 2024

Following successful negotiations between the United States and Colombia, the months-long halt on the US poultry industry’s access to the Colombian market has come to an end. The resumption of poultry and egg exports to Colombia marks a significant milestone in bilateral trade relations between the two countries.   Greg Tyler, President of the USA […]

Global Trade Leaders Stress the Need for Strengthening the WTO to Deliver Trade Benefits

News, Trade Agreements

February 26, 2024

Today, a gathering of global trade leaders underscored the necessity of revitalizing the World Trade Organization (WTO) to effectively address the needs of people worldwide through trade. The 13th WTO Ministerial Conference (MC13) in Abu Dhabi served as a platform for stakeholders to emphasize the importance of maximizing the multilateral trading system’s potential, promoting socio-economic […]

Vietnam Looks to Expand Food Exports to China Amid Positive Trade Developments

Agricultural Trade, China, News, Vietnam

February 26, 2024

Vietnam is eyeing an increase in its agricultural exports to China following promising discussions between the two countries to ease regulations and open up the market further for poultry, fish, and fruits.   Officials and industry leaders in Vietnam express optimism about the potential expansion of trade with China, particularly in key sectors like poultry […]

Chinese Exports Flourish Under Regional Comprehensive Economic Partnership Agreement

News, Trade Agreements

February 26, 2024

Since the inauguration of the Regional Comprehensive Economic Partnership (RCEP) on January 1, 2022, numerous enterprises in China have reaped the rewards of enhanced trade and industrial collaboration with RCEP member nations.   In Yuhangren’s sea buckthorn juice production workshop, a high-tech company dedicated to harnessing the plant’s potential, workers bustle about packaging bottles destined […]

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