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Turkey Achieves Record-High February Exports, Marking Positive Economic Momentum

March 3, 2024

Daisy

Economic Development, News, Turkey

0

Turkey has reached a significant milestone in its export sector, with official data revealing a record-high volume of exports in February, contributing to the country’s positive economic trajectory in recent months. The nation concluded 2023 on a high note, boasting a record of $255.8 billion in outbound shipments.   Trade Minister Ömer Bolat announced that […]

Australia’s Maritime Security Initiative Elevates Trade Confidence in Southeast Asia

March 3, 2024

Daisy

Australia, International Trade, News, Southeast Asia

0

Australia’s recent announcement of increased funding for maritime security initiatives in collaboration with ASEAN countries holds significant implications for regional trade dynamics.   During a crucial summit with the Southeast Asian bloc, Australia unveiled a substantial investment of A$64 million ($41.8 million) over four years, including A$40 million in new funding. This infusion of resources […]

South Africa Joins Global Efforts for Sustainable Fisheries

March 1, 2024

Daisy

News, Sustainable Trade

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In a significant move towards promoting sustainable trade practices, South Africa formally deposited its instrument of acceptance of the Agreement on Fisheries Subsidies on 1st March. The Minister of Trade and Industry, Ebrahim Patel, presented South Africa’s acceptance to Director-General Ngozi Okonjo-Iweala at the closing session of the 13th Ministerial Conference (MC13) held in Abu […]

Indonesia Aims for OECD Membership to Boost Trade Prospects

February 28, 2024

Daisy

Indonesia, News, Trade Policy

0

Indonesia is eyeing membership in the Organization for Economic Co-operation and Development (OECD) within the next two to three years, with the aim of enhancing its trade landscape, a senior cabinet minister announced Wednesday.   As Southeast Asia’s largest economy, Indonesia sees OECD membership as a strategic move to attract increased investment and foster beneficial […]

U.S. Trade Chief Offers Insights on WTO Negotiations

February 28, 2024

Daisy

International Trade, News, United States

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U.S. Trade Representative Katherine Tai provided an update on the ongoing negotiations at the World Trade Organization (WTO), indicating that while an agreement on reforming dispute settlement appeals was not expected this week, progress was evident, and the atmosphere remained constructive.   The impasse in the WTO’s dispute settlement system, attributed to the U.S. blocking […]

Sweden Supports Trade Growth in Least Developed Countries with SEK 27 Million Contribution

February 28, 2024

Daisy

International Trade, News

0

Sweden has pledged SEK 27 million (equivalent to approximately CHF 2.3 million) to bolster economic growth in least developed countries (LDCs) through the Enhanced Integrated Framework (EIF). This funding will aid LDCs in maintaining their economic momentum during the transitional phase between the end of Phase Two of the EIF and the establishment of a […]

Malaysia Set to Forge Free Trade Accord with UAE in June

February 28, 2024

Daisy

International Trade, Malaysia, News, United Arab Emirates

0

Malaysia is poised to join the ranks of nations deepening economic ties with Abu Dhabi as it gears up to sign a Comprehensive Economic Partnership Agreement (CEPA) with the United Arab Emirates (UAE) by June, according to Malaysia’s trade minister.   Trade Minister Tengku Zafrul Aziz disclosed in an interview with Reuters in Abu Dhabi […]

Korea Aims for Ambitious Export Target with Focus on Chip and Car Shipments

February 28, 2024

Daisy

Economic Policy, News

0

In a strategic move to bolster its export sector, Korea has set its sights on achieving an annual outbound shipment target of $700 billion, signaling a strong commitment to economic growth. The announcement came from the industry ministry on Wednesday, outlining plans to provide comprehensive policy and financial support to key industries, particularly chips and […]

South Korea Exports Expected to Extend Growth Streak in February

February 28, 2024

Daisy

Global Trade, News, South Korea

0

  South Korea’s export trajectory is poised to continue its upward trajectory, marking a fifth consecutive month of growth, predominantly propelled by chip shipments, according to a recent Reuters poll.   Analysts anticipate a modest 1.9% increase in exports for February compared to the same period last year. This follows an impressive 18.0% surge recorded […]

Chinese Premier Calls for Enhanced Economic and Trade Relations with US

February 28, 2024

Daisy

News, Trade Relations, United States

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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 […]

WTO Director-General Urges Members to Forge Consensus as MC13 Nears Conclusion

February 28, 2024

Daisy

News, Trade Policy

0

As the 13th Ministerial Conference (MC13) in Abu Dhabi approaches its closing session, WTO Director-General Ngozi Okonjo-Iweala commended members for the significant progress achieved during the intensive three-day meeting. With less than 24 hours remaining, she urged ministers to intensify their efforts and bridge remaining gaps on critical issues.   Speaking at a meeting of […]

US Resumes Poultry Exports to Colombia After Negotiations

February 28, 2024

Daisy

Bilateral Trade Relation, Colombia, News, United States

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Following successful negotiations between the United States and Colombia, the months-long halt on the US poultry industry’s access to the Colombian market has come to an end. The resumption of poultry and egg exports to Colombia marks a significant milestone in bilateral trade relations between the two countries.   Greg Tyler, President of the USA […]

Taiwan’s January Export Orders Surpass Expectations Driven by AI Demand

February 27, 2024

Daisy

News, Taiwan, Technology

0

In a surprising turn of events, Taiwan’s export orders for January outpaced expectations, showcasing resilience amid dynamic global market conditions. With a rise of 1.9% from the previous year, reaching $48.42 billion, the island nation defied projections of a 3.6% decline as forecasted by a Reuters poll. This unexpected surge follows a significant 16.0% drop […]

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