Archive for the ‘Trade Relations’ Category

Kazakhstan, News, Trade Relations, Uzbekistan

February 21, 2024

In a demonstration of their commitment to fostering stronger ties, Kazakhstan and Uzbekistan have reiterated their dedication to enhancing bilateral relations and boosting trade turnover. President of Kazakhstan, Kassym-Jomart Tokayev, affirmed Kazakhstan’s deep-rooted commitment to collaboration with Uzbekistan during a recent meeting with Uzbek Foreign Minister Bakhtiyor Saidov, as reported by the Akorda press service. […]

China, Europe, News, Trade Relations

February 19, 2024

China and the European Union (EU) have signaled their commitment to upholding free trade and multilateralism, according to statements made by Chinese Foreign Minister Wang Yi during his visit to Spain. Wang emphasized China’s willingness to collaborate with the EU in fostering a balanced and orderly multi-polar world, as well as promoting inclusive economic globalization. […]

Japan, News, Trade Relations, Ukrain

February 19, 2024

In a bid to bolster economic cooperation, Japan and Ukraine have embarked on negotiations for an investment treaty, signaling a new chapter in their bilateral relationship. Prime Minister Fumio Kishida of Japan welcomed Ukrainian counterpart Denys Shmyhal in Tokyo, where they discussed avenues for deepening ties and fostering mutual prosperity.   During the meeting, Prime […]

China, News, Trade Relations, Ukrain

February 17, 2024

In a bid to strengthen bilateral relations and explore avenues for economic collaboration, Ukrainian Foreign Minister Dmytro Kuleba engaged in discussions with his Chinese counterpart, Wang Yi, during the Munich Security Conference. Their talks centered on enhancing trade ties and fostering a conducive environment for sustainable peace in Ukraine.   Kuleba highlighted the importance of […]

News, Trade Relations

February 7, 2024

In a significant economic update, Korea has revealed a current account surplus surpassing $35 billion for the previous year, outstripping initial projections. The data, released by the Bank of Korea (BOK), indicates a robust 37% increase from the prior year, with December marking the eighth consecutive month of surplus, reaching $7.41 billion. This growth is […]

News, Poland, Trade Relations, Ukrain

December 24, 2023

In a positive development for cross-border trade, Ukrainian border services announced the resumption of lorry movement after Polish farmers concluded their blockade at one of the key border crossings between Ukraine and Poland. The blockade had disrupted truck traffic, causing delays and challenges for both nations.   According to the Ukrainian border service’s statement on […]

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 […]

News, Trade Relations

November 27, 2023

The latest quarterly WTO Goods Trade Barometer, released on November 27, indicates a rebound in the volume of global merchandise trade following a recent decline. Key drivers of this recovery include increased automobile sales and production, as well as the trade in electronic components. However, while trade volumes are on the mend, mixed economic data […]

China, Japan, News, Trade Relations

November 15, 2023

In a significant development, Japanese and Chinese trade ministers have come to an agreement to establish a framework for discussions on export controls, signaling a renewed commitment to economic cooperation following a period of strained relations between the two neighboring nations.   Japanese Trade Minister Yasutoshi Nishimura expressed optimism about the potential of these talks […]

News, Trade Relations, United States

November 13, 2023

  In the midst of high-stakes negotiations between U.S. President Joe Biden and Chinese President Xi Jinping, the commerce chiefs of the United States and China are set to convene at the Asia Pacific Economic Cooperation (APEC) forum this week.   A spokesperson from the U.S. Commerce Department confirmed that U.S. Commerce Secretary Gina Raimondo […]

Australia, News, Trade Relations

November 4, 2023

Australian Prime Minister Anthony Albanese embarked on a historic visit to China, becoming the first Australian leader to do so in seven years. During his address at the annual China International Import Expo in Shanghai, Albanese emphasized the importance of a bilateral relationship marked by dialogue and cooperation, stating that it is “in all our […]

  U.S. Trade Representative Katherine Tai emphasized the need for a “more useful and effective” trade programme with Africa during talks in South Africa over the future of the African Growth and Opportunity Act (AGOA). AGOA, which grants qualifying African countries duty-free access to the U.S. market, is set to expire in September 2025, with […]

U.S. Secretary of State Antony Blinken has highlighted the Biden administration’s intention to not only renew but also improve the African Growth and Opportunity Act (AGOA), a pivotal trade program with Africa. AGOA, initially launched in 2000, offers qualifying African countries duty-free access to the U.S. market, the largest consumer market globally. With its expiration […]