U.S. Treasury Secretary Janet Yellen is set to embark on a trip to Mexico City from December 5th to 7th, with a focus on enhancing collaboration with Mexican officials to combat illicit finance and the trafficking of fentanyl. Additionally, the visit aims to reinforce Mexico’s role in U.S. supply chains, as stated by Treasury officials. […]
Argentina’s incoming government is determined to pursue a trade agreement between the European Union (EU) and Latin American economies, according to the country’s future Foreign Minister Diana Mondino. As the current administration’s prospects of finalizing the deal before the end of its term diminish, Argentina’s new leadership is committed to exploring opportunities for the agreement. […]
In an endeavor to lay the groundwork for the 13th Ministerial Conference (MC13), the chair of the fisheries subsidies negotiations, Ambassador Einar Gunnarsson of Iceland, inaugurated the final “Fish Week” of 2023 on December 4th. The primary objective of this week is to propel the work towards a favorable outcome. Ambassador Gunnarsson has taken […]
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 […]
In a momentous development, two prominent international organizations have come together to address urgent global challenges. The World Trade Organization (WTO) and the United Nations Food and Agriculture Organization (FAO) have recently forged an agreement to strengthen their cooperation and collaboration in areas encompassing food and agricultural trade and climate change. This agreement, signed on […]
In a significant development, key players from standard-setting bodies, international organizations, steel producers, and industry associations have united to endorse a set of principles aimed at revolutionizing the measurement of greenhouse gas emissions within the steel sector. The momentous partnership, known as the Steel Standards Principles, received a warm welcome from Director-General Ngozi Okonjo-Iweala on […]
China and Vietnam are engaged in discussions to potentially enhance their underdeveloped railway connections, with the aim of bolstering a rail line that traverses Vietnam’s rare earths-rich region and connects to the country’s primary northern port. Senior officials and diplomats have confirmed these talks, which coincide with preparations for a potential visit to Hanoi by […]
In a significant development aimed at improving relations between China and Australia, China has officially announced its intention to review the anti-dumping and anti-subsidy tariffs imposed on Australian wine imports. This long-anticipated move is seen as a crucial step towards easing tensions and enhancing trade cooperation between the two nations. China’s Commerce Ministry issued […]
In response to evolving global dynamics and supply chain uncertainties, Hota Industrial Mfg. Co, a renowned Taiwanese auto parts manufacturer, is making a strategic shift by establishing its first manufacturing facility in the United States. For decades, Hota has been a key supplier of gears, shafts, and other automotive components to major foreign car manufacturers […]
Toronto, Canada, 29th November 2023 – Surecomp today announced that CargoX is the latest partner to join its RIVO™ platform. The collaboration further expands Surecomp’s fintech ecosystem, affording customers centralized access to a choice of best-in-class electronic trade document solutions through which to streamline their digital trade finance process. Operating its own independent Blockchain Document Transfer (BDT) platform, […]
In a significant development, Bolivia is poised to become a full-fledged member of the South American Mercosur trade bloc, following the approval of its admission by the Brazilian Senate on Tuesday. This crucial step towards bolstering regional trade ties is expected to be formally ratified during a regional summit scheduled for December 7 in Rio […]
New Zealand’s Foreign Minister, Winston Peters, expressed his country’s intent to strengthen its engagement with the United States regarding strategic, security, and economic challenges. Speaking at the United States Business Summit in Auckland, Peters outlined New Zealand’s commitment to fostering shared values, regional security, and economic growth. In his first address as foreign minister […]
In a landmark development for international trade, Vietnam and Japan have officially elevated their bilateral relations to a “comprehensive strategic partnership”. This significant advancement was formalized during Vietnamese President Vo Van Thuong’s visit to Tokyo, marking a key milestone in both countries’ diplomatic journeys. This enhanced partnership underscores Vietnam’s pivotal role in the global […]
In a recent meeting of the World Trade Organization’s Dispute Settlement Body (DSB) on November 27, an agreement was reached to form a dispute panel at the request of Indonesia. This panel will scrutinize the countervailing duties imposed by the European Union (EU) on biodiesel imports from Indonesia. Indonesia’s request marked the second time […]
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 […]
In an effort to ease tensions and enhance cooperation, China, Japan, and South Korea have agreed to restart diplomatic and economic exchanges and work toward organizing a summit. Despite China’s attempts to mend relations with the United States, Beijing is concerned about the strengthening partnership between Washington and its key regional allies. Previously, Beijing, […]