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Archive for the ‘News’ Category

Global Focus on Harnessing Digital Trade for Inclusive Development

Digital Trade, News

December 5, 2023

  During the recent UN Conference on Trade and Development (UNCTAD) “eWeek” 2023, Deputy Director-General Angela Ellard took center stage to highlight the pivotal role of digital trade in promoting inclusive and sustainable development on a global scale.   In her address, DDG Ellard stressed the immense potential of digital trade to create a more […]

Germany Continues to Attract Foreign Direct Investment Despite Expected Dip in Numbers

Foreign Direct Investment, Germany, News

December 5, 2023

Germany remains a highly attractive destination for foreign direct investment (FDI) in Europe, according to Germany Trade & Invest. While the number of foreign companies settling in the country is expected to decrease by nearly 20% in 2023, Germany maintains its status as Europe’s top choice for FDI.   Similar declines in FDI have been […]

China and Mexico Officials Pledge to Enhance Bilateral Cooperation

China, Mexico, News, Trade Agreements

December 5, 2023

In a demonstration of strong bilateral relations, Chinese Foreign Minister Wang Yi and Mexican Foreign Minister Alicia Barcena met in Beijing to discuss the potential for further cooperation between their two countries. Wang Yi emphasized the substantial potential and ample room for development in China-Mexico cooperation during their meeting.   A significant point of discussion […]

U.S. Treasury Secretary Yellen Visits Mexico to Strengthen Cooperation on Fentanyl and Supply Chains

Mexico, News, Supply Chain, United States

December 4, 2023

U.S. Treasury Secretary Janet Yellen is set to embark on a trip to Mexico City from December 5th to 7th, with a focus on enhancing collaboration with Mexican officials to combat illicit finance and the trafficking of fentanyl. Additionally, the visit aims to reinforce Mexico’s role in U.S. supply chains, as stated by Treasury officials. […]

Argentina’s New Government Expresses Intent to Pursue EU-Mercosur Trade Deal

Argentina, News, Trade Agreements

December 4, 2023

Argentina’s incoming government is determined to pursue a trade agreement between the European Union (EU) and Latin American economies, according to the country’s future Foreign Minister Diana Mondino. As the current administration’s prospects of finalizing the deal before the end of its term diminish, Argentina’s new leadership is committed to exploring opportunities for the agreement. […]

Fish Week Commences as Negotiations Push for MC13 Outcome

Economic Development, News

December 4, 2023

In an endeavor to lay the groundwork for the 13th Ministerial Conference (MC13), the chair of the fisheries subsidies negotiations, Ambassador Einar Gunnarsson of Iceland, inaugurated the final “Fish Week” of 2023 on December 4th. The primary objective of this week is to propel the work towards a favorable outcome.   Ambassador Gunnarsson has taken […]

UAE and Colombia Forge Historic Bilateral Trade Agreement

Colombia, News, Trade Relations, United Arab Emirates

December 2, 2023

In a significant milestone, the United Arab Emirates (UAE) has announced the successful conclusion of a comprehensive trade agreement with Colombia, marking the first-ever bilateral trade pact between the Gulf region and South America.   Thani Al Zeyoudi, UAE’s Minister of State for Foreign Trade, made the announcement on Saturday, underscoring the groundbreaking nature of […]

Global Collaboration Bolsters Efforts in Trade, Food, and Climate Change

International Trade, News

December 1, 2023

In a momentous development, two prominent international organizations have come together to address urgent global challenges. The World Trade Organization (WTO) and the United Nations Food and Agriculture Organization (FAO) have recently forged an agreement to strengthen their cooperation and collaboration in areas encompassing food and agricultural trade and climate change. This agreement, signed on […]

Global Efforts to Decarbonize Steel Industry Receive Strong Backing at COP28

International Trade, News

December 1, 2023

In a significant development, key players from standard-setting bodies, international organizations, steel producers, and industry associations have united to endorse a set of principles aimed at revolutionizing the measurement of greenhouse gas emissions within the steel sector. The momentous partnership, known as the Steel Standards Principles, received a warm welcome from Director-General Ngozi Okonjo-Iweala on […]

China and Vietnam Explore Railway Upgrade Through Rare Earths Region

China, International Trade, News, Vietnam

November 30, 2023

China and Vietnam are engaged in discussions to potentially enhance their underdeveloped railway connections, with the aim of bolstering a rail line that traverses Vietnam’s rare earths-rich region and connects to the country’s primary northern port. Senior officials and diplomats have confirmed these talks, which coincide with preparations for a potential visit to Hanoi by […]

China Initiates Review of Anti-Subsidy Tariffs on Australian Wine Imports

China, International Trade, News

November 30, 2023

In a significant development aimed at improving relations between China and Australia, China has officially announced its intention to review the anti-dumping and anti-subsidy tariffs imposed on Australian wine imports. This long-anticipated move is seen as a crucial step towards easing tensions and enhancing trade cooperation between the two nations.   China’s Commerce Ministry issued […]

Taiwanese Auto Parts Manufacturer Expands to U.S. Amidst Global Challenges

International Trade, News, Taiwan, United States

November 30, 2023

In response to evolving global dynamics and supply chain uncertainties, Hota Industrial Mfg. Co, a renowned Taiwanese auto parts manufacturer, is making a strategic shift by establishing its first manufacturing facility in the United States. For decades, Hota has been a key supplier of gears, shafts, and other automotive components to major foreign car manufacturers […]

Surecomp further expands electronic trade document connection with CargoX partnership

Digital Trade, News

November 29, 2023

Toronto, Canada, 29th November 2023 – Surecomp today announced that CargoX is the latest partner to join its RIVO™ platform. The collaboration further expands Surecomp’s fintech ecosystem, affording customers centralized access to a choice of best-in-class electronic trade document solutions through which to streamline their digital trade finance process.   Operating its own independent Blockchain Document Transfer (BDT) platform, […]

Bolivia to Secure Full Membership in Mercosur Trade Bloc

International Trade, News

November 29, 2023

In a significant development, Bolivia is poised to become a full-fledged member of the South American Mercosur trade bloc, following the approval of its admission by the Brazilian Senate on Tuesday. This crucial step towards bolstering regional trade ties is expected to be formally ratified during a regional summit scheduled for December 7 in Rio […]

New Zealand Aims to Enhance Engagement with the United States

International Relations, News

November 29, 2023

New Zealand’s Foreign Minister, Winston Peters, expressed his country’s intent to strengthen its engagement with the United States regarding strategic, security, and economic challenges. Speaking at the United States Business Summit in Auckland, Peters outlined New Zealand’s commitment to fostering shared values, regional security, and economic growth.   In his first address as foreign minister […]

Vietnam-Japan Relations Reach New Heights with Comprehensive Strategic Partnership

Bilateral Trade Relation, Japan, News, Vietnam

November 27, 2023

In a landmark development for international trade, Vietnam and Japan have officially elevated their bilateral relations to a “comprehensive strategic partnership”. This significant advancement was formalized during Vietnamese President Vo Van Thuong’s visit to Tokyo, marking a key milestone in both countries’ diplomatic journeys.   This enhanced partnership underscores Vietnam’s pivotal role in the global […]

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