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Archive for the ‘News’ Category

Philippines Strengthens Global Trade with Agri-Fisheries Drive

Agricultural Development and Trade, News, Philippines

December 11, 2024

The Philippines is taking significant strides to enhance its global trade position, with a particular focus on the agriculture and fisheries sector. The Department of Trade and Industry (DTI) and the Department of Agriculture (DA) have joined forces to implement strategic initiatives that will boost exports and strengthen the country’s economic standing.   By streamlining […]

Brazil’s Pork Industry Sees Robust Export Growth

Agricultural Exports, Brazil, News

December 11, 2024

Brazil’s pork industry continues to thrive, with November marking a significant milestone. The country exported a record-breaking 121.1 thousand tons of pork, a 15.1% increase compared to the same period last year.   This surge in exports has also translated to substantial revenue growth. The industry generated US$291.7 million in November, a 29.5% increase year-over-year. […]

Indonesia Leads Global Thermal Coal Trade as Exports Hit Record Highs in 2024

Energy / Natural Gas, Indonesia, News

December 10, 2024

The global trade of thermal coal has reached remarkable new heights in 2024, showcasing the adaptability and resilience of energy markets in meeting diverse global demands. Despite rapid growth in renewable energy capacity, coal remains a crucial energy resource, driven by increasing consumption across key regions and the need for reliable power during seasonal peaks. […]

Turkmenistan and Uzbekistan Strengthen Energy Trade

Energy Trade, News, Turkey

December 10, 2024

Turkmenistan and Uzbekistan are taking significant steps to enhance their energy trade relationship. The two nations have recently reached an agreement to increase Turkmen natural gas exports to Uzbekistan, further solidifying their energy partnership.   This strategic move will not only benefit both countries but also contribute to regional energy security. By expanding gas trade, […]

Taiwan’s Robust Trade Growth in November Highlights Strength in Global Markets

International Trade, News, Taiwan

December 9, 2024

Taiwan’s export performance in November demonstrated the resilience and innovation of its trade-driven economy, with exports climbing 9.7% year-on-year to $41.09 billion, surpassing market expectations. This marks the 13th consecutive month of growth, underscoring Taiwan’s pivotal role in global trade.   Key contributors to this success included the flourishing artificial intelligence (AI) sector and a […]

Global Trade Drives Food Security and Nutrition Progress, Highlights WTO Symposium

Global Trade, News, Switzerland

December 9, 2024

Global trade continues to play a transformative role in enhancing food security and promoting better nutrition worldwide, emphasized Deputy Director-General Jean-Marie Paugam at the WTO’s Annual Agriculture Symposium on December 9. Speaking on behalf of Director-General Ngozi Okonjo-Iweala, DDG Paugam highlighted how international trade fosters innovation, diversity, and resilience in food systems, driving positive global […]

Philippines Secures $5 Billion Investment Pledges from German and US Companies in Trade Boost

Germany, International Trade, News, Philippines, United States

December 6, 2024

In a significant development for international trade, the Philippines has garnered approximately $5 billion in investment pledges from German and American companies this week. These commitments, spanning diverse sectors such as healthcare and energy, signal a substantial step forward for the country as it vies for foreign capital in the global market.   During President […]

China’s Foreign Minister’s Visit to Australia Signals Potential Trade Developments

Australia, China, News, Trade Relations

December 6, 2024

In a notable development for international trade relations, China’s Foreign Minister Wang Yi is slated to visit Australia next week, as confirmed by Prime Minister Anthony Albanese. This visit holds significance as it hints at potential advancements in trade relations between the two countries, which have experienced strained ties in recent years.   During a […]

EU and Mercosur Forge Historic Free Trade Agreement

Europe, News, Taiwan

December 6, 2024

The European Union and Mercosur, South America’s leading trade bloc, have reached a monumental free trade agreement, marking a new chapter in global economic collaboration. After over 20 years of negotiations, this milestone is set to expand market access, enhance trade ties, and stimulate economic growth for more than 700 million people across the two […]

Cambodia Achieves $1.79 Billion in Rice Exports, Strengthening Trade and Global Market Presence

Agricultural Exports, Cambodia, News

December 6, 2024

Cambodia is making impressive strides in global trade, with a record $1.79 billion earned from paddy and milled rice exports in the first eleven months of 2024. According to a report from the Cambodia Rice Federation, the Kingdom exported 575,562 tonnes of milled rice to 67 countries, contributing significantly to its trade growth. Although there […]

Vietnam Achieves Outstanding Export Growth in 2024, Reaching New Milestones in International Trade and Economic Expansion

International Trade and Economic, News, Vietnam

December 6, 2024

Vietnam’s export sector is poised to achieve its highest growth rate since 2021, with an expected 18% increase by the end of the year. This impressive performance underscores the country’s expanding role in international trade and its ability to adapt and thrive in a competitive global market.   By mid-November, Vietnam’s export turnover reached 352.38 […]

China Vows to Strengthen Economic and Trade Ties with Egypt

Bilateral Trade Relation, China, Egypt, News

December 5, 2024

In a recent statement, China’s Ministry of Commerce affirmed its commitment to deepening economic and trade collaboration with Egypt. Minister Wang Wentao conveyed China’s eagerness to bolster relations and reiterated the nation’s support for Chinese enterprises seeking to invest and establish operations in Egypt.   During a meeting with the Egyptian Prime Minister held on […]

EU Urges China’s Active Participation in WTO Reform Talks

China, Europe, International Trade, News

December 5, 2024

In a bid to reform global trade rules within the World Trade Organization (WTO), the European Union’s trade chief, Valdis Dombrovskis, has emphasized the critical need for China to engage constructively in discussions. Dombrovskis warned that without China’s involvement, other nations may implement policies that could disadvantage China.   Ministers from the WTO’s 164 members […]

Philippines Pineapple Exports Continue to Thrive with Strong Market Growth

Agricultural Exports, News, Philippines

December 5, 2024

The Philippines’ pineapple industry is experiencing remarkable growth, with exports significantly expanding, particularly in its largest market—China. In 2023, the country exported an impressive 200,000 tons of pineapples to China, dominating the Chinese pineapple import market. This growth comes as a result of strong government policies that support the industry and boost its export potential. […]

World Trade Organization Members Advance Sustainability Goals and Set Ambitious Trade Agenda for 2026

International Trade, News, Switzerland

December 5, 2024

Members of the World Trade Organization gathered to reflect on their substantial progress in promoting trade and environmental sustainability, looking ahead to the 14th Ministerial Conference in 2026. The meeting marked a key moment as the Philippines became the 78th co-sponsor of the Trade and Environmental Sustainability Structured Discussions initiative, strengthening the global commitment to […]

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