The 2023 update to the EU Timber Regulation (EUTR), originally adopted in 2013, marks a significant tightening of due-diligence expectations for importers of wood and paper products into the European Union. The revised guidance places greater emphasis on the need for companies to verify the legality of timber origins, prevent deforestation-linked sourcing, and ensure full […]
A new initiative led by Germany is paving the way for stronger global trade connections by linking sustainable seafood producers with European markets. This program, designed to address Europe’s growing seafood demand, focuses on fostering partnerships with small- and medium-sized enterprises from emerging markets while promoting eco-friendly practices. Under this trade-focused initiative, seafood producers […]
India’s vegetable oil imports reached an impressive four-month high in November, totaling 1.59 million tonnes. This represents a 12.4% increase—an additional 175,691 tonnes—from October, signaling a robust rebound in trade activity within the edible oil sector. The data, released by the Solvent Extractors Association of India (SEA), points to a surge in demand for […]
New data from Eurostat reveals impressive growth in European wine exports during 2024. For the first nine months of the year (January to September), wine exports from major European countries, including Austria, France, Germany, Greece, Hungary, Italy, Portugal, and Spain, have experienced significant growth compared to the same period in 2023. This positive trend reflects […]
The U.S. government has introduced increased tariffs on solar wafers, polysilicon, and tungsten products, aiming to empower its clean energy sector and strengthen its global competitiveness. This move underscores a commitment to fostering innovation and enhancing the resilience of domestic supply chains while supporting a growing clean energy economy. By adjusting tariffs, the U.S. […]
Morocco’s avocado industry is thriving, with strong export performance and increasing global demand. The country has already shipped 30,000 tonnes of avocados since the start of the season, representing a significant portion of the estimated 90,000-tonne total. The European market has been particularly receptive to Moroccan avocados, particularly the popular Hass variety. While initial […]
The United States is experiencing a surge in grain and oilseed exports, particularly for corn and soybean oil. The US Department of Agriculture (USDA) recently revised its export forecasts upwards, signaling strong global demand for American agricultural products. The impressive performance of US soybean oil exports is driven by a combination of factors, including […]
The Philippines is taking significant strides to enhance its global trade position, with a particular focus on the agriculture and fisheries sector. The Department of Trade and Industry (DTI) and the Department of Agriculture (DA) have joined forces to implement strategic initiatives that will boost exports and strengthen the country’s economic standing. By streamlining […]
Brazil’s pork industry continues to thrive, with November marking a significant milestone. The country exported a record-breaking 121.1 thousand tons of pork, a 15.1% increase compared to the same period last year. This surge in exports has also translated to substantial revenue growth. The industry generated US$291.7 million in November, a 29.5% increase year-over-year. […]
India is set to make significant strides in global trade with a new plan to enable $80 billion in cumulative e-commerce exports by 2030, marking a fourfold increase from its previous export target. This ambitious goal underscores the growing demand for ‘Made in India’ products and highlights the nation’s expanding role in international commerce. […]
The global trade of thermal coal has reached remarkable new heights in 2024, showcasing the adaptability and resilience of energy markets in meeting diverse global demands. Despite rapid growth in renewable energy capacity, coal remains a crucial energy resource, driven by increasing consumption across key regions and the need for reliable power during seasonal peaks. […]
Turkmenistan and Uzbekistan are taking significant steps to enhance their energy trade relationship. The two nations have recently reached an agreement to increase Turkmen natural gas exports to Uzbekistan, further solidifying their energy partnership. This strategic move will not only benefit both countries but also contribute to regional energy security. By expanding gas trade, […]
Taiwan’s export performance in November demonstrated the resilience and innovation of its trade-driven economy, with exports climbing 9.7% year-on-year to $41.09 billion, surpassing market expectations. This marks the 13th consecutive month of growth, underscoring Taiwan’s pivotal role in global trade. Key contributors to this success included the flourishing artificial intelligence (AI) sector and a […]
Global trade continues to play a transformative role in enhancing food security and promoting better nutrition worldwide, emphasized Deputy Director-General Jean-Marie Paugam at the WTO’s Annual Agriculture Symposium on December 9. Speaking on behalf of Director-General Ngozi Okonjo-Iweala, DDG Paugam highlighted how international trade fosters innovation, diversity, and resilience in food systems, driving positive global […]