Electronics Industry Sets Ambitious Goal for 5% Export Growth in 2025

October 28, 2024

Jessica Jumaway

International Trade, News, Philippines

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The Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) is excited to announce its target of a 5% increase in exports for the upcoming year, driven by proactive inventory corrections and a surge in new investments.   SEIPI President Danilo C. Lachica shared this optimistic outlook during the 13th Arangkada Philippines Forum 2024, […]

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India Seeks Strategic Partnerships to Boost Critical Mineral Imports for Energy Transition

October 28, 2024

Jessica Jumaway

India, International Trade, News

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As India embarks on an ambitious journey toward renewable energy, the country is strategically positioning itself to enhance its trade in critical minerals essential for this transition. The Institute for Energy Economics and Financial Analysis (IEEFA) has identified a tremendous opportunity for growth, highlighting the need for India to develop a well-formulated strategy to meet […]

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Global E-commerce Reaches $5.8 Trillion, Turkey Aims for Increased Export Share

October 28, 2024

Jessica Jumaway

E-commerce Development, News, Turkey

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The global e-commerce landscape reached an impressive milestone of $5.8 trillion in 2023, with forecasts pointing toward an increase to $6.3 trillion by the end of 2024. Turkey, recognizing the immense potential in this sector, is actively working to enhance its share of the global e-commerce trade, according to the Turkish Minister of Trade at […]

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Thailand’s Export Momentum Poised to Drive 2% Growth Amid Global Demand Surge

October 28, 2024

Jessica Jumaway

International Trade and Export, News, Thailand

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Thailand’s export sector continues to show promising growth, with a 1.1% year-on-year increase in September, totaling $25.98 billion. The country’s Trade Policy and Strategy Office (TPSO) forecasts a 2% annual growth, fueled by a favorable global economic landscape, rising demand for Thai products, and easing inflation in key markets like Europe and the United States. […]

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Swiss Companies Eye India for Growth as $100 Billion Trade Deal Boosts Opportunities

October 28, 2024

Jessica Jumaway

Global Business & Investment, News, Switzerland

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Swiss companies are accelerating their investments in India, spurred by a new $100 billion regional trade deal that promises to strengthen ties and open new avenues for growth in the dynamic Indian market. The anticipated Trade and Economic Partnership Agreement (TEPA) between India and the European Free Trade Association (EFTA) is set to simplify access […]

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Vietnam and UAE Sign Historic Trade Deal to Strengthen Bilateral Economic Ties

October 28, 2024

Jessica Jumaway

International Relations, News, United Arab Emirates, Vietnam

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Vietnam and the United Arab Emirates (UAE) have embarked on a new chapter in their trade relationship, finalizing a Comprehensive Economic Partnership Agreement (CEPA) that paves the way for increased cooperation and mutual growth. Signed by Vietnamese Prime Minister Pham Minh Chinh in Dubai, this agreement is Vietnam’s first free-trade agreement with a Middle Eastern […]

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Laos’ Durian Industry Thrives with Promising Trade Prospects to China

October 27, 2024

Jessica Jumaway

Agricultural Trade, Laos, News

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Laos is witnessing a remarkable transformation in its durian industry, as local farmers and entrepreneurs strive to export this beloved fruit to China, the world’s largest consumer of durians. With the recent successful harvest of high-quality durians, Laos is poised to establish itself as a significant player in the global market.   A local entrepreneur […]

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Turkey Strengthens Position in Global Hazelnut Trade with China

October 27, 2024

Jessica Jumaway

Agricultural Trade, News, Turkey

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Turkey is celebrating a remarkable achievement in its hazelnut industry, solidifying its status as a leading exporter to China. According to reports, the 2023/24 hazelnut production season has yielded impressive results, with exports reaching 303,458 metric tons. This outstanding performance has resulted in an export value of $2.349 billion, reflecting a robust increase of 30.9% […]

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Philippines Semiconductor Exports Set for 5% Growth in 2025, Signaling Trade Opportunities

October 25, 2024

Daisy

Economic Development, News, Philippines

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The Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) is excited to announce an anticipated 5% growth in semiconductor exports for 2025. This positive projection comes despite current challenges, highlighting the resilience of the sector and its critical role in global trade. SEIPI President Danilo C. Lachica shared insights during the 13th Arangkada […]

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EU and China Advance Collaborative Talks on Electric Vehicle Trade

October 25, 2024

Jessica Jumaway

China, International Trade, News

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The European Union and China are taking significant steps toward enhancing their trading relationship through continued technical negotiations on electric vehicles (EVs). Both parties are exploring innovative alternatives to the tariffs set to be imposed on China-made EVs, with the aim of fostering a more cooperative and beneficial trade environment.   In a recent video […]

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Strong U.S.-UK Trade Relationship Poised for Continued Growth, Says British Finance Minister

October 25, 2024

Jessica Jumaway

International Trade and Economic Relations, News, United Kingdom

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British Finance Minister Rachel Reeves recently highlighted the enduring strength of the U.S.-UK trade relationship, emphasizing its importance for both nations. In an interview with Reuters during the International Monetary Fund (IMF) and World Bank annual meetings in Washington, Reeves expressed optimism about the future of trade between the two countries.   “The U.S. remains […]

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Turkey’s Fruit Exports Reach $1 Billion, Strengthening Global Trade Position

October 24, 2024

Jessica Jumaway

Agricultural Exports, News, Turkey

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In an exciting development for Turkey’s agricultural sector, the country has achieved a significant milestone by exporting fruits valued at over $1 billion to 114 countries in just the first nine months of 2024. This impressive achievement not only showcases the quality and competitiveness of Turkish fruits but also underscores the sector’s pivotal role in […]

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Germany Invests EUR 150,000 to Enhance Trade Opportunities for Developing Economies

October 24, 2024

Daisy

Economic Development, Germany, News

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Germany is taking a proactive step to bolster trade opportunities for developing economies and least-developed countries (LDCs) by pledging EUR 150,000 (approximately CHF 140,000) in 2024 to the Standards and Trade Development Facility (STDF). This initiative aims to strengthen sanitary and phytosanitary (SPS) capacities, enabling these nations to access global and regional markets more effectively. […]

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Kazakhstan to Enhance Grain and Wheat Exports Following Record Harvest

October 24, 2024

Jessica Jumaway

Agricultural Exports, Kazakhstan, News

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Kazakhstan is poised to bolster its grain and wheat exports after an outstanding harvest this year. With over 16.7 million hectares of cereals sown, the country has completed 99.7% of its harvesting, yielding an impressive 26.5 million tons of grain. This achievement not only highlights Kazakhstan’s agricultural capabilities but also sets the stage for increased […]

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G20 Ministers Embrace Sustainable Trade and Women’s Empowerment in Global Economy

October 24, 2024

Jessica Jumaway

Brazil, News, Trade Relations

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G20 ministers gathered in Brasilia on October 24, 2024, to forge a progressive path forward for international trade, focusing on sustainable development and the vital role of women in the global economy. Brazil’s Vice President and Trade Minister, Geraldo Alckmin, proudly announced the agreement, underscoring the commitment to creating an inclusive trading environment that benefits […]

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WTO Advanced Trade Policy Course Underway in Geneva

October 24, 2024

Jessica Jumaway

News, Switzerland, Trade Policy

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An exciting opportunity is unfolding in Geneva, where 27 government officials from developing and least-developed countries are participating in the Advanced Trade Policy Course from October 14 to December 6. This eight-week program, organized by the WTO, aims to empower participants with essential knowledge of international trade and enhance their understanding of WTO agreements and […]

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