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The International Trade Council Team

Archive for the ‘News’ Category

Agricultural Trade, Chile, News

November 18, 2024

Chile’s fresh fruit export industry has achieved a historic milestone, reflecting the nation’s growing influence in global agricultural trade. Between January and October 2024, Chile’s total exports reached $79.96 billion, a 0.9% increase compared to the same period in 2023. October alone contributed $8.72 billion, marking a 12.2% year-over-year increase, according to data from ProChile […]

Agricultural Trade, News, Thailand

November 18, 2024

Thailand is advancing its agricultural trade through a strategic collaboration with Shanghai Taihuixuan Technology Co., Ltd., marking a significant milestone for the country’s export sector. The Ministry of Agriculture and Cooperatives and the Marketing Organization for Farmers (MOF) recently signed a Memorandum of Understanding (MOU) on November 15, 2024, to launch “THAI MALL” on leading […]

Agricultural Exports, News, Vietnam

November 18, 2024

Vietnam’s durian industry is experiencing an extraordinary boom, reaching a record $3 billion in exports, with expectations for further growth in 2024. This success is driven by the country’s strategic advantage of producing durians during the off-season, positioning Vietnam as the sole supplier of fresh durians when other countries have completed their harvests. As a […]

International Trade, News, Poland

November 18, 2024

Poland has announced a significant step toward enhancing its industrial capabilities by signing a letter of intent with key domestic companies to manufacture essential materials for ammunition production. The initiative aims to boost local expertise and reduce reliance on imported components, positioning Poland as a key player in the defense manufacturing sector.   “This is […]

The Philippines is set to make a significant mark in international trade as it aims to export $1.6 million worth of Hass avocados to Japan in 2025. This breakthrough comes after 13 years of negotiations, culminating in the country securing access to Japan’s highly competitive avocado market. The Bureau of Plant Industry (BPI) revealed plans […]

The United Kingdom is set to relaunch discussions with India on a free trade agreement in early 2025, signaling a renewed commitment to building a stronger economic partnership between the two nations. Prime Minister Keir Starmer’s office confirmed on November 18 that talks would resume following a pause during the recent elections in both countries. […]

News

November 17, 2024

Moldova has achieved a significant milestone in its agricultural export sector, with apple exports to the European Union reaching an impressive $12.48 million in the first ten months of 2024, marking a twofold increase in value compared to the previous year. This surge is attributed to the hard work of Moldovan farmers and targeted government […]

Thailand’s economy exceeded expectations in the third quarter of 2024, with a robust 3% year-on-year growth, driven by a resurgence in exports and strategic government stimulus initiatives. The National Economic and Social Development Council (NESDC) reported this impressive performance, surpassing the 2.4% growth forecast and the 2.2% expansion seen in the previous quarter.   Quarterly […]

India, International Trade, News, Nigeria

November 17, 2024

Nigeria and India have strengthened their economic and strategic partnership, focusing on maritime security, intelligence collaboration, and economic development. The announcement followed Indian Prime Minister Narendra Modi’s landmark visit to Nigeria, marking the first such visit by an Indian premier in 17 years, at the invitation of President Bola Tinubu.   During their discussions at […]

Peru and Japan have taken a significant step forward in strengthening their trade relations with the signing of key defense and mining cooperation agreements. The deals were officially signed by Peru’s President Dina Boluarte and Japan’s Prime Minister Shigeru Ishiba, following the Asia-Pacific Economic Cooperation (APEC) summit hosted in Lima.   These agreements focus on […]

An advanced course on the services aspects of e-commerce, hosted by the World Trade Organization (WTO), concluded on November 15 in Geneva, bringing together 27 government officials from WTO member and observer countries. The course, held from November 12 to 15, provided participants with valuable insights into the growing role of e-commerce in shaping global […]

Agricultural Exports, Dominica, News

November 14, 2024

Dominica is taking a significant step to enhance its agricultural output and trade opportunities by expanding its white potato production for the 2024/25 season. The Ministry of Agriculture has announced plans to import 1,160 bags of high-quality seed potatoes, including popular varieties, to support the cultivation of over 40 acres of white potatoes from December […]

Agricultural Exports, Brazil, News

November 14, 2024

Brazil’s orange juice exports have achieved impressive revenue growth, despite facing production challenges. Between July and September 2024, Brazilian exporters generated USD 905.3 million from orange juice shipments, reflecting a 42.3% increase compared to the same period last year, which saw USD 636.1 million. This surge in revenue underscores the continued global demand for Brazilian […]

Agricultural Exports, News, Peru

November 14, 2024

Peru has achieved significant success in its agricultural export sector, with fresh mandarin exports increasing by 32% in 2024. As of October 28, the country exported 210.66 million kilograms of mandarins, up from 159.65 million kilograms during the same period in 2023. This marks the highest export volume in recent years, surpassing the previous record […]

The United Kingdom is encouraged to prioritize free trade and work towards strengthening its relationship with the European Union as a key strategy to enhance its economic growth, according to Bank of England Governor Andrew Bailey. In a recent speech, Bailey emphasized the critical importance of maintaining open and accessible trade policies amidst a global […]

Indonesia has posted impressive trade results for October 2024, showcasing strong growth in both exports and imports, which highlights the resilience of the nation’s trade sector amid global market dynamics.   Exports from Indonesia reached $24.41 billion in October, growing by 10.25% year-on-year—significantly surpassing market expectations of a 3.84% increase. This marks the highest export […]