In a positive turn of events for the spirits industry, exports of American spirits experienced a notable 8% increase in 2023, totaling $2.2 billion, as reported by the Distilled Spirits Council of the United States. This surge followed the European Union’s decision to suspend the 25% retaliatory tariffs on American whiskey. The tariff suspension, […]
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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 […]
Malaysia is poised to join the ranks of nations deepening economic ties with Abu Dhabi as it gears up to sign a Comprehensive Economic Partnership Agreement (CEPA) with the United Arab Emirates (UAE) by June, according to Malaysia’s trade minister. Trade Minister Tengku Zafrul Aziz disclosed in an interview with Reuters in Abu Dhabi […]
In a strategic move to bolster its export sector, Korea has set its sights on achieving an annual outbound shipment target of $700 billion, signaling a strong commitment to economic growth. The announcement came from the industry ministry on Wednesday, outlining plans to provide comprehensive policy and financial support to key industries, particularly chips and […]
South Korea’s export trajectory is poised to continue its upward trajectory, marking a fifth consecutive month of growth, predominantly propelled by chip shipments, according to a recent Reuters poll. Analysts anticipate a modest 1.9% increase in exports for February compared to the same period last year. This follows an impressive 18.0% surge recorded […]
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 […]
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 […]
Vietnam has reported a steady increase in rice exports for the first two months of 2024, according to recent government data released on Thursday. In January and February, Vietnam exported a total of 912,000 metric tons of rice, marking a modest 2.1% increase compared to the same period last year. The General Statistics Office […]
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 […]
In a surprising turn of events, Taiwan’s export orders for January outpaced expectations, showcasing resilience amid dynamic global market conditions. With a rise of 1.9% from the previous year, reaching $48.42 billion, the island nation defied projections of a 3.6% decline as forecasted by a Reuters poll. This unexpected surge follows a significant 16.0% drop […]
In a notable development for Indiana’s maritime industry, there has been a substantial increase in cargo shipments for the year 2023 at the ports of Indiana. Experiencing a 6% rise compared to the previous year, a total of 12.6 million tons of cargo were shipped, marking the second-highest tonnage recorded in the history of these […]
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 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 […]