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Archive for the ‘News’ Category

Azerbaijan-Kazakhstan Trade Flourishes with 38.7% Growth in 2024

Azerbaijan, Bilateral Trade Relation, Kazakhstan, News

December 5, 2024

The trade partnership between Azerbaijan and Kazakhstan reached a remarkable milestone in 2024, with a bilateral trade turnover of $393.8 million from January to October, reflecting an impressive 38.7% growth compared to the previous year. This surge underscores the strong and growing economic collaboration between the two nations.   Azerbaijan’s exports to Kazakhstan rose by […]

Unlock Investment Opportunities at the India Retail Investors Expo 2024!

India, Investment and Trade Reform, News

December 4, 2024

Mark your calendars for December 28–29, 2024 and get ready to explore the future of investing at the HITEX Exhibition Center, Hyderabad. The India Retail Investors Expo (IRIE) 2024 is South India’s premier platform designed to empower retail investors with the tools, knowledge, and connections needed to make informed financial decisions.   This year’s theme focuses […]

South Korea Targets $15 Billion in Energy Exports by 2030

Energy Export, News, South Korea

December 4, 2024

South Korea is ramping up its efforts to expand its presence in the global energy infrastructure market. The government has launched a new initiative aimed at boosting the country’s energy exports, particularly in the areas of power generation, transmission, and distribution.   With growing global demand for energy infrastructure, driven by technological advancements and the […]

Poland and Vietnam Open New Chapter in Trade with Blueberry Export Agreement

Agricultural Exports, News, Poland, Vietnam

December 4, 2024

Poland and Vietnam have taken a significant step forward in strengthening their trade relationship by finalizing an agreement on the phytosanitary requirements for highbush blueberry exports. This landmark arrangement paves the way for Poland to begin exporting its premium blueberries to Vietnam, with shipments anticipated to commence from the 2025 production season.   This development […]

China Eastern Airlines Fuels Chilean Cherry Export Boom, Strengthens Trade Ties with China

Agricultural Exports, China, News

December 4, 2024

The strong partnership between Chile and China continues to thrive, with China Eastern Airlines at the forefront of facilitating agricultural trade. During the Chile Week event in Beijing, the growing demand for Chilean cherries in China took center stage, highlighting a remarkable success story in global trade.   In 2023, Chile’s forestry and agricultural exports […]

Kazakhstan Strengthens Global Trade Role with Expanded Oil Exports

International Trade and Export, Kazakhstan, News

December 4, 2024

Kazakhstan is solidifying its position as a vital energy partner for the European Union, exporting over 70% of its oil to EU countries. As the bloc’s third-largest non-OPEC oil supplier, the nation is scaling up efforts to meet growing demand and strengthen its presence in international trade.   Energy Minister Almasadam Satkaliyev announced plans to […]

Vietnam’s Seafood Exports Propel Global Trade Growth

Agricultural Exports, News, Vietnam

December 4, 2024

Vietnam’s seafood industry continues to make waves in international trade, with exports reaching $924 million in November—a remarkable 17% increase year-on-year. With total earnings over the first 11 months of 2024 nearing $9.2 billion, the sector is on course to achieve its ambitious $10 billion export target by year-end, according to the Vietnam Association of […]

China’s Auto Exports Surge by 47.4% in January

China, International Trade, News

December 3, 2024

In an impressive display of growth, China’s automobile exports experienced a substantial increase of 47.4% year-on-year in January of this year, according to industry data released by the China Association of Automobile Manufacturers.   During the period, a total of 443,000 vehicles were exported, showcasing China’s robust performance in the global automotive market. Among these […]

Mexico Surpasses China as Top Source of US Imports

China, Mexico, News, Trade Relations

December 3, 2024

In a significant shift, Mexico has emerged as the leading source of goods imported to the United States, surpassing China for the first time in over two decades. This trend underscores evolving dynamics in global trade relations, influenced by tensions between Washington and Beijing and a growing preference for sourcing from countries closer to home. […]

US Export Credit Agency Supports Oil and Gas Drilling in Bahrain Despite Biden’s Climate Pledge

Energy Trade, News, United States

December 3, 2024

A US export credit agency is moving forward with plans to back the drilling of over 450 new oil and gas wells in Bahrain, despite President Biden’s commitment to climate action. The agency’s board recently voted to notify Congress about the potential investment, a necessary step for projects exceeding $100 million. Observers anticipate that financing […]

South Korea’s Exports Surge in January, Fueled by Chip Sales and China Rebound

China, Economic Development, News, South Korea

December 3, 2024

South Korea’s trade-reliant economy started 2024 on a positive note as exports rose for the fourth consecutive month. The surge in sales to China and the significant increase in chip shipments, the largest in six years, contributed to this boost.   January’s trade data indicated the favorable momentum, complemented by a national factory activity survey […]

Indonesia’s Economy Records Resilient 5% Growth in Q4

Economic Development, Indonesia, News

December 3, 2024

In the final quarter of the year, Indonesia’s economy demonstrated remarkable resilience, with a robust growth rate of 5.0% compared to the previous year. This encouraging performance was underpinned by strong domestic consumption, even in the face of challenges such as shrinking exports and declining commodity prices. These insights emerge from a recent Reuters poll […]

Qatar Announces $1.3 Billion Investment in UK Climate Technology, Boosting Trade and Economic Growth

International Trade and Technology, News, Qatar

December 3, 2024

Qatar is making a landmark investment of £1 billion ($1.3 billion) in the United Kingdom’s climate technology sector, marking a significant step in strengthening trade relations and supporting sustainable growth. This move comes as part of Qatar’s broader strategy to foster innovation in green technologies, aligning with the UK’s goals for a more sustainable energy […]

Poland Strengthens Global Trade Ties with Leading Apple Exports to Egypt

Agricultural Exports, News, Poland

December 3, 2024

Poland has solidified its position as a global leader in apple exports, with significant contributions to Egypt’s growing demand for high-quality European produce. During the 2022/2023 season, Egypt imported 158,754 tons of apples from Europe, valued at €71.785 million. Of this, Poland accounted for 37.7% of the value, exporting 76,907 tons worth €31.819 million.   […]

Kazakhstan’s Grain Export Growth Highlights Expanding Global Trade Partnerships

Agricultural Exports, Kazakhstan, News

December 3, 2024

Kazakhstan is making significant progress in strengthening its position as a key player in global agricultural trade, achieving a remarkable 51% growth in grain exports from September to November, compared to the same period last year. The nation’s railway company, Kazakhstan Temir Zholy (KTZ), played a vital role in facilitating the transportation of 2.9 million […]

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