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

October 10, 2024

Jessica Jumaway

Free Trade Agreements, News, Philippines, South Korea

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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

October 9, 2024

Jessica Jumaway

International Trade and Export, Philippines

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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

October 9, 2024

Jessica Jumaway

Germany, International Trade

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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 […]

China Engages with EU to Strengthen Trade Relations on Electric Vehicles

October 9, 2024

Jessica Jumaway

China, International Trade

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In a proactive move to enhance trade relations, China is engaging in “intensive communications” with the United States and the European Union regarding electric vehicle (EV) trade issues. This initiative follows the EU’s recent anti-subsidy ruling on Chinese EVs, announced on October 4, 2024, and reported by the state news agency Xinhua. The ruling has […]

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

October 8, 2024

Jessica Jumaway

International Trade, Singapore, South Korea

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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

October 8, 2024

Jessica Jumaway

International Relations, Vietnam

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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 […]

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

October 2, 2024

Daisy

Economic Development, News, Poland

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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 […]

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

October 2, 2024

Daisy

International Trade

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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 […]

Brazil’s Fruit Export Industry Poised for Growth, Tapping into Global Demand

October 2, 2024

master

Brazil, International Trade

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Brazil, a global leader in fruit production, is gearing up to expand its presence in the international market. While the country contributed less than 1% to global fruit exports last year, with $1.2 billion in exports, there is immense potential for growth. As the third-largest fruit producer worldwide, Brazil’s abundant supply of tropical fruits like [...]

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

October 1, 2024

Daisy

News, Trade and Commerce, United States

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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

October 1, 2024

Daisy

Agricultural Trade, News, Uzbekistan

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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

October 1, 2024

Daisy

Energy Trade, Kazakhstan, News

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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 […]

South Korea’s September Exports Reach New Heights, Signifying Strong Trade Momentum

October 1, 2024

Daisy

International Trade, News, South Korea

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In a remarkable display of economic resilience, South Korea’s exports surged 7.5% year-on-year in September, totaling a record $58.77 billion. This outstanding performance marks the 12th consecutive month of growth, reflecting the nation’s strong position in global trade.   Leading the charge were the semiconductor and automobile sectors, which achieved all-time highs. Semiconductor exports soared […]

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