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Archive for the ‘News’ Category

US Exploring Potential Tariffs on Mexico and Canada to Strengthen Trade Partnerships

News, Trade Relations, United States

January 20, 2025

The United States is considering a 25 percent tariff on imports from Mexico and Canada as part of ongoing efforts to address border-related concerns and enhance trade policies. The announcement, made on Monday, underscores the significance of fostering collaborative trade solutions among North American partners.   If implemented on February 1, 2025, the proposed tariffs […]

Taiwan’s Machinery Exports to the US Lead Global Trade Growth

Global Trade, News, Taiwan

January 20, 2025

Taiwan’s machinery exports reached new heights as shipments to the United States grew to $7.19 billion last year, surpassing the $6.86 billion sent to other key markets. This development highlights the resilience and adaptability of the machinery industry amid evolving global trade dynamics.   The increase in US-bound shipments reflects proactive measures taken by exporters […]

South Korea Takes Bold Step to Strengthen Export Support as Trade Shifts

International Trade, News, South Korea

January 19, 2025

In response to potential changes in global trade dynamics, South Korea is making strategic moves to bolster its export sector and ensure the stability of its supply chains. The government has announced a significant increase in financing support for exporters, allocating a record 360 trillion won ($247.74 billion) in policy financing through state-run banks and […]

South Korea Explores Expanded US Imports to Strengthen Trade Ties

News, South Korea, Trade Relations

January 19, 2025

South Korea is exploring opportunities to enhance its trade relations with the United States by increasing imports of American agricultural products and energy resources. These initiatives aim to bolster economic ties and support mutual growth in one of the world’s most significant trade partnerships.   As a major importer of US agricultural goods, South Korea […]

Vietnam’s Textile and Garment Industry Targets Dynamic Growth in 2025

International Trade and Export Trends, News, Vietnam

January 19, 2025

Vietnam’s textile and garment sector is poised for exceptional progress in 2025, driven by strategic innovations, strengthened trade relationships, and a commitment to sustainability. With a stellar export performance of $44 billion in 2024, the industry has proven its resilience and adaptability, solidifying its position as a leading player in global trade.   By leveraging […]

India to Boost Global Trade with 1 Million Tons of Sugar Exports

Global Trade, India, News

January 19, 2025

India is set to enhance its contribution to international trade by approving the export of 1 million metric tons of sugar this season. This strategic move aims to manage domestic surpluses while supporting global market demand, reaffirming India’s position as a key player in the sugar trade.   By granting export permissions, the country provides […]

Chilean Cherry Exports Reach $3.1 Billion, Expanding Trade Horizons

Agricultural Exports, Chile, News

January 16, 2025

Chile’s cherry export sector has achieved an impressive $3.1 billion in 2024, making cherries the country’s top agricultural export outside of copper and lithium. With nearly 93% of these exports directed towards international markets, the demand for Chilean cherries continues to thrive globally, underscoring the nation’s position as a key player in the global fruit […]

Kenya and EU Partnership Unlocks New Horizons for Horticultural Trade

Agricultural Exports, Kenya, News

January 16, 2025

Kenya’s horticulture sector is achieving new milestones as the Economic Partnership Agreement (EPA) with the European Union (EU) secures duty-free and quota-free access for its products to EU markets. This trade agreement, complemented by a collaborative initiative, is equipping local farmers with vital technical skills and resources to enhance productivity and meet global standards.   […]

Egypt Leads Global Trade with Record Frozen Strawberry Exports to Brazil

Agricultural Exports, Egypt, News

January 16, 2025

Egypt’s thriving agricultural trade has reached new heights, as frozen strawberry exports to Brazil soared 30-fold over the past five years. By the end of 2024, over 30,000 tons of frozen strawberries, valued at $27 million, were shipped to Brazil, setting a historic benchmark for the sector.   This exceptional growth underscores Egypt’s strategic position […]

Indonesia Strengthens Trade Ties with New Zealand Through Steel Exports

Indonesia, International Trade and Export, News

January 16, 2025

Indonesia has reached a new milestone in international trade with the successful export of 1,200 metric tons of welded beam steel, valued at $1.5 million, to New Zealand. This achievement underscores Indonesia’s growing prominence in global markets, facilitated by the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA).   The agreement, which allows for 0% import duty […]

Germany Strengthens Commitment to Supporting Trade through Food Safety Standards

Germany, International Trade, News

January 15, 2025

Germany continues to bolster its support for sustainable trade by contributing EUR 600,000 (approximately CHF 560,000) to the Standards and Trade Development Facility (STDF). This contribution is part of a multi-year agreement aimed at enhancing the ability of developing economies and least-developed countries (LDCs) to meet international food safety, animal, and plant health standards. Through […]

Germany’s Economy Shows Resilience with Strong Prospects for Trade and Consumer Growth

Economic Development, Germany, News

January 15, 2025

Germany’s economy continues to demonstrate resilience, with positive signs of growth in key sectors. Consumer spending has seen a rise of 0.3%, reflecting increased purchasing power thanks to higher wages and a stable inflationary environment. This growth in domestic consumption creates a favorable environment for businesses and offers new opportunities in various sectors.   The […]

U.S. Implements Export Controls to Strengthen Global Trade Security and Innovation

Global Trade, News, United States

January 15, 2025

The U.S. Commerce Department has introduced new export controls on advanced biotechnology equipment and related technologies, emphasizing the importance of maintaining secure and responsible global trade. These measures aim to ensure that cutting-edge technologies, including those used in artificial intelligence (AI) and biotechnology, are utilized ethically and contribute positively to global markets.   Key items […]

US and Taiwan Poised for Stronger Trade Relations Under Trump Administration

News, Taiwan, Trade Relations

January 15, 2025

The American Chamber of Commerce (AmCham) in Taiwan shared an optimistic outlook for U.S.-Taiwan relations as the incoming Trump administration takes office. The organization anticipates continued strong support for Taiwan, paving the way for enhanced trade and economic collaboration.   According to the 2025 AmCham Business Climate Survey, a significant 90% of members plan to […]

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