Archive for the ‘Trade Relations’ Category

News, Trade Relations

March 9, 2024

In a promising update, Australian Trade Minister Don Farrell announced significant progress in addressing trade barriers imposed by China on Australian wine and lobster. Farrell expressed optimism as China nears completion of its review into tariffs on Australian wine, with expectations for a resolution by the end of March. Additionally, China is reassessing restrictions on […]

In a pivotal decision on Friday, the Swiss government has green-lighted the initiation of discussions with the European Union, aiming to rejuvenate the nation’s ties with the bloc. This move comes as a significant step forward after the disintegration of a former agreement attempt in 2021. Switzerland’s strategy emphasizes the vital importance of unfettered access […]

News, Trade Relations, Vietnam

March 6, 2024

Vietnam, under the leadership of Communist Party General Secretary Nguyen Phu Trong, continues to bolster its international standing through strategic diplomacy, termed “bamboo diplomacy,” with recent successes including upgraded ties with major global players.   In the latest development, Vietnam elevated its relationship with Australia, marking another milestone in its diplomatic outreach. This achievement comes […]

News, Trade Relations, United States

February 28, 2024

Chinese Premier Li Qiang emphasized the importance of strengthening economic and trade ties between China and the United States during a meeting with a visiting US delegation, as reported by Chinese state radio on Wednesday.   Li emphasized that fostering economic and trade cooperation would benefit both nations, highlighting the mutually advantageous nature of such […]

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 […]