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Archive for the ‘News’ Category

Uzbekistan’s Plum Exports Reach $24.3 Million, Strengthening Global Trade Relations

Agricultural Trade, News, Uzbekistan

October 1, 2024

Uzbekistan’s plum exports have surged this year, with revenues reaching $24.3 million between January and August 2024. This marks a $4.1 million increase compared to the same period last year, showcasing the country’s growing influence in global trade. According to the Uzbekistan Statistics Agency, 30.1 thousand tons of plums were exported to 12 countries, highlighting […]

Kazakhstan Explores Opportunities to Expand Gas Exports to China

Energy Trade, Kazakhstan, News

October 1, 2024

Kazakhstan is actively exploring ways to enhance its gas exports to China, with plans for a potential new pipeline to increase capacity. This initiative highlights the country’s growing importance in the regional energy market and reflects its commitment to fostering international trade.   Despite challenges in the global economy, demand for gas in China continues […]

South Korea’s September Exports Reach New Heights, Signifying Strong Trade Momentum

International Trade, News, South Korea

October 1, 2024

In a remarkable display of economic resilience, South Korea’s exports surged 7.5% year-on-year in September, totaling a record $58.77 billion. This outstanding performance marks the 12th consecutive month of growth, reflecting the nation’s strong position in global trade.   Leading the charge were the semiconductor and automobile sectors, which achieved all-time highs. Semiconductor exports soared […]

Belgian Pork Exports Thrive in the UK, Showcasing Resilience and Adaptability

International Trade, News, United Kingdom

October 1, 2024

Belgian pork exports continue to flourish in the UK, proving their resilience and adaptability in the face of evolving trade landscapes and consumer preferences. Valued for its premium quality, Belgian pork has solidified its presence in the UK market, navigating past challenges such as Brexit and changing regulations, while maintaining strong trade relations with British […]

Cargo Operations Resume at Major U.S. Trade Hub, Ensuring Continued Flow of Global Goods

Logistics, News, United States

September 30, 2024

  Cargo operations at a key U.S. trade hub are back in full swing after a brief disruption caused by an overturned tractor-trailer carrying lithium batteries. The quick and efficient response ensured that the flow of global goods through the port was minimally impacted, reinforcing the resilience of the logistics network.   Following the incident, […]

Smartphone Exports Propel India as Top Product Exporter to the U.S.

India, International Trade, News

September 30, 2024

India’s smartphone exports have emerged as the country’s leading product export to the United States, surpassing traditional sectors like diamond exports. This significant milestone highlights India’s expanding role in the global technology trade and showcases the country’s commitment to enhancing its manufacturing capabilities.   The trend began earlier this year when smartphone exports reached impressive […]

Elevate Your Industry Knowledge at the Scotland Manufacturing Conference

Manufacturing, News, United Kingdom

September 22, 2024

  Exhibition Highlights: The extensive exhibition area will showcase cutting-edge technologies, including Industry 4.0 innovations, 3D printing breakthroughs, and automation solutions. Attendees will also have the unique opportunity to learn about Thrust WSH’s ambitious pursuit of the World Water Speed Record, highlighting remarkable engineering and high-performance innovations.   Conference Themes: The conference will feature key […]

Australia’s National Anti-Corruption Commission Act (2022) & Supply Chain Bribery Controls

Supply Chain

September 19, 2024

Australia’s National Anti-Corruption Commission Act (2022) & Supply Chain Bribery Controls

Australia’s National Anti-Corruption Commission Act (NAC Act), passed in 2022 and coming into force in July 2024, represents a major reform in tackling corruption and bribery within government operations, including public procurement and supply chain activities. The Act established the National Anti-Corruption Commission (NACC), a powerful and independent body empowered to investigate and prosecute serious […]

US Ocean Shipping Reform Act (OSRA, 2022) & Freight Transparency

Supply Chain

September 5, 2024

US Ocean Shipping Reform Act (OSRA, 2022) & Freight Transparency

The Ocean Shipping Reform Act of 2022 (OSRA), which came into effect in June 2022, represents the most significant overhaul of US maritime regulations in decades. Passed in response to mounting concerns over excessive freight charges, unpredictable demurrage and detention fees, and opaque shipping practices, OSRA aims to create a more transparent, fair, and competitive […]

EU Corporate Sustainability Reporting Directive (CSRD) Pilot (2023) – Early Lessons

Supply Chain

August 22, 2024

EU Corporate Sustainability Reporting Directive (CSRD) Pilot (2023) – Early Lessons

The EU Corporate Sustainability Reporting Directive (CSRD), which began its pilot phase in 2023, marks a transformative shift in how European companies disclose environmental, social, and governance (ESG) data. As the successor to the Non-Financial Reporting Directive (NFRD), the CSRD significantly expands the scope of reporting obligations, bringing thousands of large companies and, soon, mid-cap […]

US Secure and Trusted Communications Networks Act (2020) & Telecom Supply Chains

Supply Chain

August 8, 2024

US Secure and Trusted Communications Networks Act (2020) & Telecom Supply Chains

The US Secure and Trusted Communications Networks Act, signed into law in March 2020 and effective from November that year, represents a cornerstone of federal efforts to protect the nation’s telecommunications infrastructure from security risks associated with high-risk suppliers. The Act prohibits US government agencies and federally funded projects from procuring, leasing, or maintaining telecommunications […]

Vietnam Becomes Top ASEAN Exporter to EU, Boosted by Trade Agreement

International Trade, News, Vietnam

August 2, 2024

Vietnam has achieved a notable milestone as the leading ASEAN exporter to the European Union, showcasing the benefits of the EU-Vietnam Free Trade Agreement (EVFTA). This economic partnership has significantly contributed to growth, job creation, and enhanced access to European goods for Vietnamese consumers over the past four years.   The phased reduction of import […]

India Expands Export Channels to Maldives with New Port Approvals

India, International Trade, News

August 2, 2024

In a significant development aimed at strengthening trade relations, the Indian government has announced that essential commodities previously subject to restrictions can now be exported to the Maldives from Kandla and Vishakhapatnam ports. This update, applicable for the financial year 2024-25, brings the total number of ports authorized for these exports to six. The Directorate […]

Vietnam and India Strengthen Ties in Trade, Technology, and Security

India, International Relations, News, Vietnam

August 2, 2024

During a significant state visit to India, Vietnamese Prime Minister Phá º ¡m Minh ChÁ ­nh and Indian Prime Minister Narendra Modi engaged in meaningful discussions following a formal welcome at the Presidential Palace. The meeting underscored the deep and enduring relationship between the two nations, with a focus on expanding collaboration across several key […]

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