News

Chinese Chip Equipment Manufacturers Gain Ground as U.S. Imposes Stricter Restrictions

October 18, 2024

Daisy

In a shifting landscape of global semiconductor manufacturing, Chinese companies specializing in chip-making equipment are witnessing a surge in demand, fueled by heightened restrictions on China’s semiconductor industry by the United States. Recent research indicates that domestic equipment manufacturers, including industry giants like Naura and AMEC, are securing a larger share of contracts from Chinese […]

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WTO Cautions Against Global Trade Splitting Into Allied Blocs

October 18, 2024

Daisy

Trade Realignment Could Elevate Costs, Risks, and Geopolitical Tensions, Says WTO Annual Report   As geopolitical pressures reshape international alliances, the World Trade Organization (WTO) warns that countries are increasingly favoring trade with allied nations over more efficient exporters. This shift is raising concerns about the future of a global economy founded on open and […]

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Brazil’s Grape Exports Show Strong Growth in September, Positive Trade Outlook for October

October 18, 2024

Jessica Jumaway

Brazil’s grape exports witnessed significant growth in September, with shipments reaching 3.17 thousand tons, marking an impressive 283% increase compared to August, according to Comex Stat data. While there was a slight 6% dip in export volume from the same period last year, this is primarily due to a short-term supply adjustment in the São […]

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UK Foreign Minister Travels to China to Strengthen Trade and Economic Relations

October 17, 2024

Jessica Jumaway

In a significant move to enhance economic ties, the UK is sending a high-level government official to China this week. The visit aims to deepen trade cooperation and foster stronger economic connections between the two nations, highlighting a strategic and pragmatic approach by the newly elected government.   The two-day trip will include important discussions […]

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AI Technology Takes Center Stage at Japan’s Joint Electronics and Mobility Trade Show

October 15, 2024

Jessica Jumaway

The Combined Exhibition of Advanced Technologies (CEATEC) and Japan Mobility Show Bizweek launched on October 15, 2024, at the Makuhari Messe convention center in Chiba, celebrating a new era of collaboration between the electronics and automotive industries. This joint event, organized by leading industry associations, aims to strengthen international trade by fostering innovative partnerships as […]

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Vietnam’s Shrimp Exports Thrive with Nearly $2.8 Billion in Revenue

October 15, 2024

Jessica Jumaway

Vietnam’s shrimp export sector is celebrating a significant achievement, with estimated revenues reaching nearly $2.8 billion in the first nine months of 2024. This remarkable figure positions shrimp as the top-performing aquatic product, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). The revenue marks a robust 10.5% increase compared to the same […]

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Bangladesh Bank Introduces Concessions to Boost E-Commerce Product Exports

October 15, 2024

Jessica Jumaway

In a significant step to enhance the e-commerce landscape, Bangladesh Bank has introduced new regulations aimed at simplifying the export process for small traders. As of October 15, 2024, products valued at up to $500 exported through e-commerce will no longer require the mandatory EXP form.   This forward-thinking initiative, issued by the Foreign Exchange […]

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China’s Steel Exports Surge to Eight-Year High in 2024

October 15, 2024

Jessica Jumaway

In a promising development for the global steel market, China has seen its steel exports soar to new heights in 2024, reaching an impressive 80.71 million tons in the first nine months. This represents a remarkable 21.2% increase compared to the same period last year and marks the highest export volume recorded in eight years, […]

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U.S. Explores Export Framework for AI Chips to Strengthen Global Trade Relationships

October 14, 2024

Jessica Jumaway

In a proactive move to enhance national security while fostering global trade, U.S. officials are considering a framework for export licensing of advanced AI chips to select countries, as reported by Bloomberg News on Monday. This initiative reflects the U.S. Commerce Department’s commitment to balancing trade opportunities with responsible technology distribution.   The potential export […]

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Philippines Rice Import Forecast Increased to 4.9 Million Metric Tons in 2025

October 14, 2024

Jessica Jumaway

The United States Department of Agriculture (USDA) has announced a positive adjustment to its forecast for Philippine rice imports, raising the estimate to 4.9 million metric tons for 2025. This increase of 300,000 metric tons from the September estimate highlights the resilience of the Philippine agricultural sector in adapting to changing market conditions and ensuring […]

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Moroccan Agricultural Exports to the EU Surge by 5%

October 14, 2024

Jessica Jumaway

Morocco is experiencing a noteworthy rise in its agricultural exports to the European Union, with a 5% increase in fruit and vegetable shipments, particularly in tomatoes, berries, and citrus fruits. This growth has seen exports surpass 1.5 million tons annually, a trend that has been consistent over the past three years and holds significant importance […]

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Indonesia Strengthens Global Trade with Expanding Shallot Exports

October 14, 2024

Jessica Jumaway

Indonesia’s National Food Agency (Bapanas), under the leadership of Arief Prasetyo Adi, is making remarkable progress in positioning the country as a vital player in the global food market, particularly through its shallot exports. The successful export of shallots to Malaysia and other nations highlights Indonesia’s ability to meet international food demands while reinforcing its […]

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U.S. Cheese Exports Surge with Strong Global Demand

October 14, 2024

Jessica Jumaway

The U.S. Dairy Export Council reported a significant boost in dairy exports for August 2024, with strong global demand for U.S. cheese driving the increase. Total U.S. dairy export volumes rose by 1.7 percent compared to last year, while export values saw a notable 10 percent increase, reaching $708 million—the largest rise this year.   […]

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Huelva in Spain Breaks Records with €1.1 Billion in Berry Exports

October 14, 2024

Jessica Jumaway

Huelva, Spain, has reached an impressive milestone in its berry exports, achieving sales of €1.101 billion in the first seven months of 2024. This marks a significant 10.1% increase compared to the previous year, solidifying Huelva’s status as the leading berry exporter in Spain. The province now commands nearly 77% of the national market share, […]

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Hanoi, Vietnam Boosts Agricultural Exports with Planting Area Codes

October 14, 2024

Jessica Jumaway

Hanoi, Vietnam, is making impressive strides in agricultural exports by investing in the establishment of planting area codes for essential crops like longans, grapefruits, and bananas. These codes serve as a “passport” for Hanoi’s agricultural products, allowing them to compete effectively in both domestic and international markets while providing valuable economic benefits to local farmers. […]

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Albania’s Prime Minister Highlights Positive Progress in Free Trade Agreements for Western Balkans Integration

October 13, 2024

Jessica Jumaway

Albanian Prime Minister Edi Rama expressed optimism regarding the enhancement of the Central European Free Trade Agreement during an interview ahead of a summit for the Western Balkans hosted by German Chancellor Olaf Scholz. This initiative aims to strengthen economic integration and align the region more closely with European Union standards as Albania works towards […]

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