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Archive for the ‘News’ Category

Free Trade Agreement with South Korea Set to Boost Philippine Textile Exports

Free Trade Agreements, News, Philippines, South Korea

October 10, 2024

The anticipated free trade agreement (FTA) between the Philippines and South Korea is expected to provide a moderate increase in textile exports from the Philippines. According to Robert Young, President of the Foreign Buyers Association of the Philippines (Fobap), the country exported approximately $50 million worth of mixed apparel to South Korea in 2023.   […]

Philippines Aims to Revitalize Banana Exports to South Korea Through New Free Trade Agreement

International Trade and Export, Philippines

October 9, 2024

The Philippines is optimistic about rejuvenating its banana export sector with the recent free trade agreement established with South Korea. The Department of Trade and Industry has highlighted the potential of this agreement to address the declining market share of Philippine bananas in South Korea, where they face stiff competition from Vietnam and other Latin […]

Germany Reports Positive Growth in Exports, Boosting Trade Relations

Germany, International Trade

October 9, 2024

Germany’s export sector has shown encouraging signs of growth, with a reported increase in August that highlights strong international demand, particularly from the United States and the United Kingdom. Official data from the federal statistics office revealed a 1.3% rise in exports compared to the previous month, defying earlier forecasts that anticipated a slight decline […]

South Korea and Singapore Set to Strengthen Trade Relations Through Strategic Partnership

International Trade, Singapore, South Korea

October 8, 2024

In a significant advancement for trade and regional cooperation, South Korea and Singapore have announced their intention to establish a strategic partnership in 2025, coinciding with the 50th anniversary of their diplomatic relations. This exciting development was unveiled during a joint press conference by South Korean President Yoon Suk Yeol and Singapore’s Prime Minister Lawrence […]

Vietnam Elevates Diplomatic Relations with France to Comprehensive Strategic Partnership

International Relations, Vietnam

October 8, 2024

Vietnam has reached a significant milestone by upgrading its diplomatic relations with France to a “comprehensive strategic partnership.” This notable achievement was announced during Vietnamese President To Lam’s recent visit to Paris, highlighting Vietnam’s growing importance in global supply chains and its skillful navigation of international relations through its flexible foreign policy, often referred to […]

Canada’s National Pharmacare Act (2023) & Pharmaceutical Supply Chain Monitoring

Supply Chain

October 3, 2024

Canada’s National Pharmacare Act (2023) & Pharmaceutical Supply Chain Monitoring

Canada’s National Pharmacare Act, passed in 2023, marks a significant step toward universal access to affordable medicines while embedding supply chain transparency as a core element of pharmaceutical governance. In addition to creating a national framework for drug coverage, the Act introduces provisions that require enhanced oversight of pharmaceutical supply chains. These provisions are designed […]

Poland’s Technology Exports Continue to Thrive for 12th Consecutive Year

Economic Development, News, Poland

October 2, 2024

Poland’s technology exports have experienced impressive growth for the twelfth year in a row, according to a recent report from the Polish Development Fund, a government-backed investment organization. In 2023, the technology sector accounted for 9.6% of the country’s total exports, a notable increase from 9.2% the previous year, reflecting a robust upward trend in […]

Vietnam’s Pepper Exports Achieve $1 Billion Milestone in 2024

Agricultural Trade, News, Vietnam

October 2, 2024

Vietnam’s pepper industry is celebrating remarkable success in 2024, with exports soaring to an impressive $1 billion in the first nine months. This achievement highlights the country’s position as a global leader in pepper production, despite a slight 1.5% drop in volume. The value of exports has surged by 46.9% year-on-year, driven by a significant […]

China’s Global Cleantech Investments Exceed $100 Billion, Driving International Trade Opportunities

International Trade

October 2, 2024

Chinese investments in clean energy technology abroad have surpassed $100 billion since 2023, marking a significant boost for global trade and collaboration in the cleantech sector, according to research from Climate Energy Finance (CEF). This surge highlights China’s expanding role in supporting the global transition to sustainable energy, with its overseas projects driving growth in […]

U.S. Commerce Department Announces New Duties on Solar Imports from Southeast Asia

News, Trade and Commerce, United States

October 1, 2024

In a significant move to promote fair trade and bolster domestic solar manufacturing, the U.S. Commerce Department has introduced preliminary countervailing duties on solar cell imports from Vietnam, Cambodia, Malaysia, and Thailand. These measures aim to ensure a level playing field for U.S. solar producers, safeguarding billions of dollars in American investments while encouraging healthy […]

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 […]

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