News

Panama’s Exports Surge by 7%, Targeting $1.25 Billion by Year-End

October 22, 2024

Jessica Jumaway

Panama is experiencing a promising upward trend in its export sector, reporting a notable 7% increase from January to October 2024 compared to the same period last year. The Ministry of Commerce and Industry (MICI) is optimistic that total export values will surpass $1.25 billion by year-end, reflecting a robust 5% growth from 2023. Eric […]

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Positive Growth in Argentine Apple and Pear Exports Bolsters Trade Prospects

October 22, 2024

Jessica Jumaway

Argentina is witnessing a promising uptick in its apple and pear exports, reflecting the country’s strong agricultural trade performance in the first nine months of 2024. According to the national plant health authority, Senasa, pear shipments have surged by an impressive 6%, totaling 302,404 tonnes. This growth is particularly noteworthy as Brazil continues to be […]

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Brazil Poised to Lead the Global Chicken Export Market

October 22, 2024

Jessica Jumaway

Brazil is set to solidify its position as a leader in global chicken exports, with projections indicating an increase of 100,000 tonnes (2%) in 2025. This growth comes as the global chicken export market is expected to rebound, reaching a record 13.8 million tonnes after two years of stagnation. The United States Department of Agriculture […]

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Kuwait Advances Global Trade Sustainability by Accepting Fisheries Subsidies Agreement

October 22, 2024

Jessica Jumaway

Kuwait has taken a significant step toward promoting sustainable global trade by officially accepting the Agreement on Fisheries Subsidies. On October 22, Ambassador to the WTO, Nasser Abdullah Al-Hayen, presented the instrument of acceptance to Director-General Ngozi Okonjo-Iweala. This important milestone increases the total number of World Trade Organization (WTO) members who have embraced the […]

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Vietnam’s Coffee Exports Surpass $5 Billion for the First Time

October 22, 2024

Jessica Jumaway

In a remarkable achievement for the agricultural sector, Vietnam’s coffee exports have crossed the $5 billion mark for the first time during the 2023-2024 crop year, which lasted from October 1, 2023, to September 30, 2024. This milestone highlights the strength and potential of Vietnam’s coffee industry in the global market.   The Vietnam Coffee […]

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Cambodia Expands Clean Power Imports from Neighboring Countries

October 21, 2024

Jessica Jumaway

Cambodia is making significant strides in renewable energy by planning to import over 600 megawatts (MW) of clean power from its neighboring countries, including Laos, Vietnam, and Thailand. Energy Minister Keo Rottanak announced this exciting development, which represents a remarkable increase of more than 50% in the country’s contracted import capacity.   Starting in 2026, […]

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Arif Esa Represents moneyIN Morocco for Founder of the Year Award at Global Startup Awards Africa 2024

October 21, 2024

Jessica Jumaway

Arif Esa, Deputy Chairman of the International Trade Council Banking and Trade Finance, has been nominated to represent moneyIN Morocco in the prestigious Global Startup Awards Africa 2024 competition for the Founder of the Year Award. This recognition underscores Esa’s innovative contributions to the financial technology sector through moneyIN Morocco.   As moneyIN Morocco advances […]

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South Korea’s Economy Set for Growth in Quarter 3 Driven by Strong Exports

October 21, 2024

Jessica Jumaway

Recent forecasts suggest that South Korea’s economy is on track for a positive turnaround in the third quarter, fueled by robust export performance. Following a mild contraction in the previous quarter, the country is expected to see a seasonally adjusted growth of 0.5% for July to September. This marks a significant rebound and underscores the […]

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Qatar’s Emir Visits Berlin to Strengthen Economic Ties

October 21, 2024

Jessica Jumaway

A delegation from Qatar is set to visit Berlin for high-level discussions focused on enhancing economic cooperation and diplomatic relations. The meeting, taking place at a prominent venue, highlights the mutual commitment to boosting trade and investment opportunities between the two nations.   As Germany seeks to diversify its energy sources, Qatar is emerging as […]

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Malaysia’s Economy Sees 5.3% Growth in Quarter 3, Signaling Strong Trade Prospects

October 21, 2024

Jessica Jumaway

Malaysia’s economy is projected to have achieved a commendable 5.3% growth in the third quarter of 2024 compared to the same period last year, as per the official advance estimates released on Monday. While this represents a slight moderation from the impressive 5.9% growth rate seen in the previous quarter, it underscores the resilience of […]

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Cambodia Achieves Significant Growth in Rubber Exports, Surpassing $397 Million in Quarter 3 2024

October 21, 2024

Jessica Jumaway

Cambodia has reported remarkable growth in its rubber export sector, with a total of 248,535 tonnes of rubber products exported, generating over $397 million in revenue during the first three quarters of 2024. This increase marks a 2.42 percent rise compared to the same period in the previous year, according to a recent report from […]

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Afghanistan Achieves $31 Million in Fresh Fruit Exports in Six Months

October 20, 2024

Jessica Jumaway

Afghanistan’s agricultural sector is experiencing a promising surge, with the country exporting fresh fruits worth an impressive $31 million over the past six months. Akhundzada Abdul Salam Jawad, spokesperson for the Ministry of Industry and Commerce, shared this encouraging news, highlighting the resilience and potential of Afghan farmers.   These fresh fruits have found markets […]

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China Enhances Export Controls on Dual-Use Items to Strengthen Trade Framework

October 19, 2024

Jessica Jumaway

In a significant move to bolster its trade framework, China has announced enhanced export control measures for dual-use items, following a decree signed by Premier Li Qiang. Set to take effect on December 1, 2024, these regulations aim to promote transparency and standardization within China’s export policies.   The new regulations will implement a permit […]

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India Seeks Strategic Mineral Partnership with U.S., Aims to Strengthen Trade Ties

October 19, 2024

Jessica Jumaway

India’s Commerce Minister, Piyush Goyal, expressed optimism on Saturday about strengthening trade ties with the United States through a proposed critical mineral partnership. Speaking at a press briefing in New Delhi, Goyal highlighted the potential for this collaboration to serve as a stepping stone towards a broader Free Trade Agreement (FTA) between the two nations. […]

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UK Foreign Secretary Highlights Positive Trade Opportunities with China

October 19, 2024

Jessica Jumaway

During a significant visit to China, UK Foreign Secretary David Lammy underscored the importance of fostering “stability and clarity” in trade relations as the Labour government seeks to enhance its partnership with Beijing. Engaging in productive discussions with Chinese officials and British business leaders, Lammy emphasized the mutual benefits of a consistent trading framework that […]

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Don’t Miss Out on CTW Global 2024: Connecting Trade Worldwide in Dubai!

October 18, 2024

Onyx

  Are you ready to unlock new business opportunities and expand your global network? Join us at CTW Global 2024, taking place on October 22-23, 2024, at The Ritz-Carlton, JBR, Dubai. This premier B2B trading event is set to bring together local businesses and international manufacturers, offering a prime platform for collaboration, partnership, and distribution […]

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