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Archive for the ‘News’ Category

Saudi Investment Minister Holds Productive Talks with Chinese Commerce and Industry Leaders

Bilateral Trade Relation, News

December 10, 2023

Saudi Arabia’s Minister of Investment, Khalid Al-Falih, engaged in fruitful discussions with China’s top officials in commerce and industry during a meeting held in Beijing on Sunday. The agenda revolved around enhancing cooperation in various areas, including trade, investment, and technology, according to statements from the Chinese ministries.   Chinese Commerce Minister Wang Wentao expressed […]

Global Commodities Traders Vow to Safeguard South American Grasslands at COP28

News, Supply Chain

December 9, 2023

  Eight of the world’s leading commodities traders have made a significant commitment to cease purchasing soy from farms that harm South American grasslands, reinforcing their prior promises to avoid suppliers involved in forest clearing. This landmark announcement was made during the COP28 climate summit.   This pledge holds immense potential for the conservation of […]

Global Report Highlights Trade’s Crucial Role in Advancing Green Hydrogen Markets

International Trade, News

December 9, 2023

 A collaborative report from the International Renewable Energy Agency (IRENA) and the World Trade Organization (WTO), released on December 9th, sheds light on the global hydrogen trade landscape and the policies required to escalate green hydrogen production. Green hydrogen, produced exclusively from renewable energy sources, has emerged as a pivotal element in the transition away […]

Turkey Expresses Concern Over Link Between Drone-Camera Exports and Sweden’s NATO Membership

International Relations, News, Turkey

December 8, 2023

Turkish President Tayyip Erdogan has voiced concerns over a reported linkage between the export of drone cameras to Turkey and Sweden’s NATO membership bid, involving Canada and the United States. In an interview transcript released on Friday, Erdogan highlighted that both Canada and the United States were stipulating that Ankara ratify Sweden’s NATO membership bid […]

U.S. Initiates Informal Talks on the Future of North American Trade Agreement

News, Trade Agreements

December 8, 2023

U.S. officials have initiated preliminary discussions to prepare for potential negotiations regarding the future of the North American Free Trade Agreement (NAFTA), as stated by David Cohen, the U.S. Ambassador to Canada, in an interview with CBC News published on Saturday.   Ambassador Cohen disclosed that the United States has embarked on initial internal deliberations […]

U.S. Secretary Raimondo Holds Positive Discussion with Turkey’s Minister of Trade Omer Bolat

International Relations, News, Turkey, United States

December 8, 2023

In a significant diplomatic exchange, U.S. Secretary of Commerce, Gina M. Raimondo, held a productive conversation with Turkey’s Minister of Trade, Omer Bolat, with the aim of reinforcing bilateral and commercial ties between the two nations.   Secretary Raimondo warmly congratulated Minister Bolat on his recent appointment and conveyed the Department’s unwavering commitment to enhancing […]

WTO Members Pledge to Intensify Work on Fisheries Subsidies Ahead of MC13

News, Sustainability

December 8, 2023

At the conclusion of the final Fish Week held from December 4-8, WTO members reasserted their commitment to the ongoing fisheries subsidies negotiations. Despite being unable to reach a conclusive agreement by December, they expressed optimism about achieving a successful outcome at the 13th Ministerial Conference (MC13) scheduled for February. Director-General Ngozi Okonjo-Iweala and Ambassador […]

Romania’s Ambitious Plan to Elevate Ukraine’s Grain Transit Nears Fruition

Geopolitics, News, Ukrain

December 7, 2023

In a promising development, Romania is steadily progressing toward its goal of enhancing the monthly transit capacity for Ukrainian grain through the Black Sea port of Constanta to an impressive four million metric tons, according to statements made by the country’s Transport Minister. The announcement comes in the wake of a meeting that brought together […]

US and Mexico Collaborate to Strengthen Investment Security Screening

International Trade, Mexico, News, United States

December 7, 2023

In a significant move aimed at bolstering national security, the U.S. Treasury has announced a formal agreement with Mexico’s finance ministry to cooperate on enhancing the screening of foreign investments. This collaborative effort includes the regular exchange of information regarding best practices in investment security.   The Biden administration has been actively promoting Mexico as […]

Chinese President Xi Jinping to Strengthen Ties with Vietnam during Upcoming Visit

International Relations, News, Vietnam

December 7, 2023

China’s President Xi Jinping is scheduled to visit Vietnam on December 12-13, with the aim of meeting top state officials and further enhancing the bilateral relations between the two nations, as announced by the Chinese foreign ministry.   During the visit, discussions will center on a range of key areas, including political security, multilateral cooperation, […]

New Report Explores Opportunities and Challenges for Developing Economies in Digital Trade

International Trade, News

December 7, 2023

A recently launched joint report titled “Digital Trade for Development” delves into the potential opportunities and challenges those developing economies may encounter in the realm of digital trade. This collaborative publication involves five prominent international organizations: the International Monetary Fund (IMF), the Organization for Economic Co-operation and Development (OECD), the United Nations Conference on Trade […]

EU and African Nations Collaborate on WTO Reform to Address Chinese Market Influence

Africa, Europe, International Trade, News

December 6, 2023

In a recent study conducted by the German Economic Institute (IW), it has been suggested that the European Union (EU) should collaborate with African countries to revamp the World Trade Organization’s (WTO) subsidy regulations. This strategic move aims to counteract market distortions caused by China’s subsidies and its diplomatic influence.   The IW, a respected […]

China’s November Trade Data Highlights Mixed Signals in Global Commerce

China, International Trade, News

December 6, 2023

In a recent report released by Chinese customs authorities, it was revealed that China’s exports in November experienced a modest increase of 0.5% compared to the same period in the previous year. Simultaneously, imports registered a slight decline of 0.6%, presenting an intriguing snapshot of China’s trade dynamics.   This unexpected performance in the export […]

Canada’s Trade Surplus Exceeds Expectations in October

Canada, International Trade, News

December 6, 2023

Canada has reported a trade surplus larger than anticipated, amounting to C$2.97 billion ($2.19 billion) in October, according to data from Statistics Canada. This surplus comes as exports experienced a slight increase, while imports registered a significant decline.   Analysts participating in a Reuters poll had forecasted a trade surplus of C$1.60 billion. September’s surplus […]

EU’s Proposal for Three-Year Extension on EV Trade Rules Strengthens EU-UK Cooperation

Europe, International Trade, News, United Kingdom

December 6, 2023

In a bid to prevent import tariffs on electric vehicles (EVs) traded between the European Union (EU) and the United Kingdom (UK), the EU has put forth a proposal for a three-year extension to the tightening of trade rules, originally slated to take effect next year.   The EU and the UK represent each other’s […]

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