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Progress in WTO Agricultural Negotiations: Draft Text Presented Ahead of MC13

January 31, 2024

Daisy

International Trade, News

0

In a crucial development, Ambassador Alparslan Acarsoy of TÁ ¼rkiye, Chair of the agriculture negotiating body, introduced a draft negotiating text during a meeting on January 30th, open to all WTO delegations. This draft text has garnered positive responses from trade officials and is seen as a valuable starting point for discussions leading up to […]

China’s Factory Activity Expands in January, Boosted by Export Orders

January 31, 2024

Daisy

China, Economic Development, News

0

In a recent private-sector survey, it was revealed that China’s factory activity experienced growth in January. This expansion was attributed to stable output, improved logistics efficiency, and the first uptick in new export orders since June. Consequently, business confidence reached a nine-month high.   The positive results, however, contrasted with an official survey from the […]

Fisheries Funding Mechanism Advances to Support Developing and Least-Developed Countries

January 31, 2024

Daisy

News, Sustainable Trade

0

The Steering Committee of the WTO Fisheries Funding Mechanism recently convened its inaugural meeting on January 31st, with the primary aim of preparing to extend assistance to developing members and least-developed country members (LDCs) for the effective implementation of the Agreement on Fisheries Subsidies. Deputy Director-General Angela Ellard stressed the critical importance of having this […]

China Surpasses Japan as Global Vehicle Export Leader in 2023, Marking a Historic Shift in the Auto Industry

January 31, 2024

Daisy

Automotive Industry, China, Japan, News

0

In a significant industry development, China has officially taken the crown as the world’s largest vehicle exporter in 2023, surpassing Japan, according to data released by the Japan Automobile Manufacturers Association (JAMA).   The remarkable growth of China’s auto sector in recent years can be attributed to substantial investments in electric vehicles (EVs), a domain […]

Unlocking Vietnam’s Potential in Livestock Product Exports to China

January 31, 2024

Daisy

Agricultural Trade, China, News, Vietnam

0

Vietnam is poised for a significant upswing in its agricultural export value to China this year, thanks to a collaborative effort with China to review regulations permitting the official export of poultry meat from Vietnam to the Chinese market.   In the year 2023, livestock products constituted only 1 percent of the total agricultural, forestry, […]

EU Trade Chief Continues Discussions with US on Battery Minerals Trade Despite Differences

January 30, 2024

Daisy

Energy Trade, Europe, News, United States

0

In recent developments, the United States and the European Union have encountered challenges in reaching a trade deal related to critical battery minerals. Despite this setback, both parties are committed to pursuing negotiations aimed at establishing a transatlantic marketplace for minerals and other vital components, as stated by the EU’s top trade official.   Valdis […]

Swiss Watch Exports Maintain Record Performance in 2023

January 30, 2024

Daisy

Luxury Goods, News

0

In a remarkable achievement, Swiss watch exports have achieved a record-breaking performance for the third consecutive year in 2023, witnessing a substantial increase of 7.6 percent, amounting to 26.7 billion Swiss francs ($31 billion), as reported by an industry group.   The boost in exports can be primarily attributed to the thriving sales in their […]

The Philippines and Vietnam Strengthen Trade Ties with 5-Year Rice Agreement

January 30, 2024

Daisy

Agricultural Trade, News, Philippines, Vietnam

0

In a significant move to bolster their trade relations, the Philippines and Vietnam have signed a Memorandum of Understanding (MOU) on Rice Trade Cooperation. This agreement, among several others, was forged on Tuesday, Jan. 30, during bilateral discussions between the two nations.   The MOU on Rice Trade Cooperation establishes a framework for rice cooperation […]

Passenger Car Exports Soar to Record High in 2023

January 30, 2024

Daisy

Automotive Industry, News

0

Korea’s passenger car exports reached unprecedented levels in 2023, experiencing a remarkable increase of over 30 percent, primarily driven by the growing demand for eco-friendly models. According to data from the Korea Customs Service, domestic car manufacturers shipped passenger cars valued at $63.81 billion last year, a significant surge from the $49 billion recorded the […]

ISIC Codes in Anti-Money Laundering: High-Risk Sector Identification

January 30, 2024

Kristan

ISIC

0

ISIC Codes in Anti-Money Laundering: High-Risk Sector Identification

The business of fighting money laundering is defined as much by the need for structure as by the unpredictability of risk. For financial crime units and regulators, deciding where to look—who, exactly, to prioritize for checks and audits—has never been straightforward. There are only so many investigators and so much time, yet the diversity and […]

Spain and China Urged to Strengthen Trade and Investment Ties

January 29, 2024

Daisy

China, International Trade, News, Spain

0

Spain and China Urged to Strengthen Trade and Investment Ties. Representatives from over a hundred Chinese and Spanish businesses, along with officials including China’s Ambassador to Spain, Yao Jing, convened in Barcelona to explore avenues for boosting trade and investment between the two nations.   Wang Bo, General Manager of China Construction Bank in Europe, […]

Farmers’ Group Expects Increased Rice Imports Amidst Rising Global Prices

January 29, 2024

Daisy

Agricultural Trade, News

0

The Federation of Free Farmers (FFF) anticipates higher rice imports this year, despite elevated global rice prices. According to Raul Montemayor, the FFF’s national manager, rice imports are likely to rise due to insufficient domestic production to meet the growing demand driven by population growth.   Montemayor pointed out that while the Philippines reported a […]

South Korea Sees 1% Growth in Export-Import Cargo in 2023 Amid Export Recovery

January 29, 2024

Daisy

International Trade, News, South Korea

0

South Korea’s export-import cargo experienced a 1 percent growth in 2023, signaling a recovery in the country’s exports, according to the Ministry of Oceans and Fisheries. The seaports in South Korea handled a total of 1.32 billion tons of export-import cargo, a slight increase from the previous year’s 1.31 billion tons. However, overall cargo processed […]

China’s Ambitious Plans to Expand Global Free Trade Agreements in 2024

January 29, 2024

Daisy

China, International Trade, News

0

China is setting its sights on an ambitious plan to further expand its global network of high-standard free trade areas (FTAs) in 2024, building on the remarkable progress it has made in negotiating FTAs over the past year. Chinese Vice Commerce Minister Wang Shouwen has unveiled these intentions, highlighting the country’s commitment to increasing openness […]

Taiwan’s Fourth Quarter Economic Growth Bolstered by Domestic Demand and Export Recovery

January 29, 2024

Daisy

Economic Development, News, Taiwan

0

Taiwan’s trade-dependent economy is anticipated to have experienced accelerated growth in the fourth quarter of the year, largely attributed to robust domestic consumption and a resurgence in exports, according to a recent Reuters poll of 22 economists.   Gross domestic product (GDP) for the October-December period is expected to have expanded by approximately 4.35% compared […]

Philippines and Canada Forge Stronger Defense Ties with Memorandum of Understanding

January 29, 2024

Daisy

Canada, International Relations, News, Philippines

0

In a significant step towards bolstering their defense cooperation, the Philippines and Canada formally signed a memorandum of understanding on Friday, with Manila’s defense minister expressing optimism that this agreement could pave the way for a troop pact between the two nations.   Defense Secretary Gilberto Teodoro highlighted the strong intention on both sides to […]

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