Search
Become a Member

Archive for the ‘News’ Category

Comoros Gains Consensus Support for WTO Accession at Historic MC13

Global Trade, News

January 9, 2024

In a significant milestone for global trade, members of the World Trade Organization (WTO) reached a consensus on January 9, 2024, regarding the terms of Comoros’ WTO membership. The agreement, achieved ad referendum, marks a crucial step toward the formal adoption of Comoros as the newest member of the organization. This achievement positions Comoros as […]

UK and India Forge Ahead with Comprehensive FTA Negotiations, Set to Address Key Trade Issues

India, International Trade, News, United Kingdom

January 9, 2024

The United Kingdom and India remain committed to pursuing a comprehensive and ambitious Free Trade Agreement (FTA), as confirmed by an official statement. The two nations are gearing up for the 14th round of negotiations, scheduled to commence this week, with a focus on intricate matters concerning goods, services, and investment.   Several critical topics […]

Australia Implements Streamlined Dairy Import Rules, Facilitating Market Access for Philippine Exporters

Agricultural Trade, Australia, News, Philippines

January 8, 2024

In a recent development, the Department of Trade and Industry (DTI) has issued a reminder to local exporters of dairy products, urging them to familiarize themselves with Australia’s updated regulations to ensure compliance and sustained market access. According to the advisory, Australia revised its import regulations for dairy in November of the previous year. Notably, […]

Vietnam Sees Expanding Opportunities for Fruit and Vegetable Exports to China

Agricultural Trade, China, News, Vietnam

January 8, 2024

In a promising development for Vietnamese agriculture, the Department of Agriculture is actively working towards expanding the export of agricultural products, particularly fruits and vegetables, to the Chinese market. Several protocols have been signed between Vietnam and China, paving the way for increased official exports of various produce.   At the close of 2023, Vietnam […]

U.S. Container Imports Maintain Steady Growth in December, Global Shipping Report Reveals

Logistics, News, United States

January 8, 2024

In a positive turn of events, U.S. container imports exhibited a nearly 10% increase in December compared to the same month the previous year, signaling a robust finish to 2023, according to the latest Global Shipping Report by Descartes Systems Group. The report indicated that import volumes continued to outpace pre-pandemic levels through the peak […]

German Exports Surge Beyond Expectations, Indicating Positive Momentum for International Trade

Economic Indicators, Germany, News

January 8, 2024

In a surprising turn of events, Germany experienced a substantial surge in exports during November, outperforming expectations and offering a glimmer of hope for the country’s international trade sector. According to data released by the federal statistics office on Monday, German exports saw a notable increase of 3.7% compared to the previous month, significantly surpassing […]

Indian Prime Minister Sets Stage for Tech and EV Investments at Vibrant Gujarat Global Summit

Economic Policy, India, News

January 8, 2024

Indian Prime Minister Narendra Modi is gearing up to showcase his home state, Gujarat, as a prime investment destination during the Vibrant Gujarat Global Summit scheduled from Jan. 10-12. This high-profile event marks one of Modi’s final endeavors to attract both domestic and foreign investors before facing re-election. The summit is anticipated to host a […]

South Korea’s Instant Noodles Exports Skyrocket to Record High of $1 Billion in 2023

Agricultural Trade, News, South Korea

January 7, 2024

In a remarkable achievement, South Korea’s exports of the beloved Korean instant noodles, known as ramyeon, soared to an unprecedented high, hitting nearly $1 billion (1.31 trillion won) in 2023, as per government data and industry sources.   The Korea Customs Service reported a substantial annual increase, with ramyeon exports reaching $952 million last year, […]

Brazil Anticipates 60% Surge in Electric and Hybrid Car Sales in 2024, Despite Import Tax Hurdles

Automotive Industry, Brazil, News

January 5, 2024

In a promising outlook for Brazil’s automotive sector, the local industry group ABVE announced on Friday that sales of fully electric and hybrid vehicles are poised to grow by a substantial 60% in 2024 compared to the previous year.   Representing key players in the electric automobile market, including Chinese giants BYD and Great Wall […]

Report Indicates Record Foreign Direct Investment into the U.S. Exceeding $200 Billion

Foreign Investments, News, United States

January 4, 2024

In a significant development, the U.S. Department of Commerce proudly announced a remarkable milestone, surpassing $200 billion in client-verified foreign direct investment (FDI). This achievement, facilitated by the SelectUSA program within the International Trade Administration, signifies a substantial contribution to the U.S. economy, supporting over 200,000 jobs across the nation and its territories since the […]

Indonesia Achieves 3.26 million Tons in 2023 Domestic Palm Oil Sales Obligation

Indonesia, News, Supply Chain

January 4, 2024

In a recent announcement, Trade Ministry official Syailendra revealed that Indonesia successfully met its domestic palm oil sales obligation for the year 2023, reaching a notable 3.26 million metric tons. This accomplishment was complemented by the issuance of export permits totaling 25.2 million tons.   Syailendra further disclosed that, out of the granted permits, approximately […]

China’s service sector surges with a record expansion in December, boosting global economic confidence

International Trade, News

January 3, 2024

In a remarkable turnaround, China’s service sector experienced its fastest growth in five months, indicating a robust rise in new business and injecting a renewed sense of optimism into the industry, according to the latest Caixin/S&P Global services purchasing managers’ index (PMI) released on Thursday.   Contrary to an official survey that suggested a contraction […]

Nicaragua and China Forge New Economic Ties with Commencement of Free Trade Agreement

China, International Trade, News

January 1, 2024

In a significant step towards deepening economic collaboration, Nicaragua and China officially initiated trading under a new free trade agreement on Monday. This landmark agreement grants the Central American nation the opportunity to export approximately 71% of its products to the largest Asian market without facing tariffs.   State media reports reveal that the exported […]

«3738Page 39 of 754041»