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December 2024
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Stay Updated with the Latest News from the International Trade Council and Our Members

South Korea Enhances Support for Businesses to Foster Resilience in Evolving Trade Landscape

November 6, 2024

Jessica Jumaway

South Korea is taking proactive steps to support local businesses and bolster trade resilience amid potential shifts in global trade policies. Finance Minister Choi Sang-mok announced that the government is working closely with industries to understand their needs and develop strategies that minimize any potential challenges in the evolving trade environment.   “We are committed […]

Automakers Look to U.S. Investment and Expanded Production Amid Potential New Tariff Policies

November 6, 2024

Jessica Jumaway

Automakers are positioning for new growth opportunities within the U.S. market, with potential policy adjustments on the horizon that could impact trade and production strategies. As the sector assesses upcoming tariff policies, industry leaders are considering enhanced domestic manufacturing and increased U.S.-based investments to drive innovation and meet shifting market demands.   Recent discussions around […]

Kenya Celebrates Significant Growth in Exports to African Nations

November 5, 2024

Jessica Jumaway

Kenya is experiencing an exciting surge in its export activities, with a remarkable 26 percent increase in goods shipped to other African nations during the first seven months of 2024. According to the latest economic report from the Central Bank of Kenya, exports reached an impressive 248.7 billion shillings (about $1.93 billion), reflecting a notable […]

U.S. Retailers Strategically Adjust Christmas Imports in Anticipation of Holiday Trends

November 5, 2024

Jessica Jumaway

As the holiday season approaches, U.S. retailers, including industry giant Walmart, are strategically adjusting their import strategies for Christmas goods. Recent data reveals a thoughtful decrease in holiday product imports, reflecting retailers’ proactive approach to align with evolving consumer preferences and market trends.   Walmart has reported importing around 340,000 kilos of Christmas-related products in […]

Indonesia Bolsters Food Security with Strategic Rice Imports

November 5, 2024

Jessica Jumaway

In a proactive move to support national food security, Indonesia has announced plans to import 1 million tons of rice by the close of 2024. Chief Food Affairs Minister Zulkifli Hasan shared that these imports are part of the government’s strategy to ensure steady rice reserves, maintaining a healthy supply of this essential staple to […]

United States Becomes Key Trade Partner as Dutch Imports Rise

November 5, 2024

Jessica Jumaway

The United States has reinforced its position as a major trade partner for the Netherlands, now ranking as the country’s second-largest supplier of goods. In 2023, Dutch imports from the U.S. grew by more than 12 percent compared to the previous year, highlighting a robust expansion in economic ties. This growth is especially notable given […]

Vietnam’s Seafood Sector Set for Growth Amid Positive Export Trends

November 5, 2024

Jessica Jumaway

The seafood industry in Vietnam is on a promising growth trajectory, with positive business momentum expected to continue into the first half of 2025. Recent financial results from key players in the sector reflect a strong recovery and increasing export potential, especially as the year-end approaches.   In the third quarter, the seafood sector reported […]

Korean Agricultural Exports Hit Record High, Showcasing Growing Demand and Trade Opportunities

November 5, 2024

Jessica Jumaway

Korea’s agricultural exports reached a new milestone through October 2024, underscoring the country’s increasing role in global trade. With a surge in demand for both fresh and processed food items, total agricultural exports rose to $8.18 billion, marking an impressive 8.7% year-over-year growth, according to the Ministry of Agriculture, Food and Rural Affairs.   The […]

Deputy Director-General Johanna Hill Highlights the Power of Trade to Drive Global Prosperity at Import Expo

November 5, 2024

Jessica Jumaway

At the Hongqiao International Economic Forum in Shanghai on November 5, World Trade Organization Deputy Director-General Johanna Hill underscored the transformative potential of international trade in promoting global prosperity and resilience. Speaking at a session titled “China and 30 Years of the World Trade Organization: History and Evolution,” Hill praised the critical role of trade […]

Nepal Imports $403K Worth of Bananas from India Amid Rising Demand

November 4, 2024

Jessica Jumaway

In an exciting development for international trade, Nepal has imported bananas valued at approximately $403,225 (50 million rupees) from India. This strategic import decision reflects the increasing demand for bananas in the Nepali market, which has outpaced local production capabilities.   Bishweshwar Yadav, President of the Janakpur Fruits and Vegetables Traders Committee, highlighted the significant […]

Bangladesh Leverages Maldives as Strategic Hub for Textile Exports

November 4, 2024

Jessica Jumaway

In a proactive move to enhance its textile export capabilities, Bangladesh has started rerouting its shipments through the Maldives, marking a significant development in its trade strategy. This initiative aims to streamline logistics, better manage supply chains, and ensure timely delivery of products to global markets.   As the world’s second-largest garment producer, Bangladesh plays […]

India’s Manufacturing Sector Experiences Robust Growth in October, Signaling Trade Opportunities

November 4, 2024

Jessica Jumaway

India’s manufacturing sector is showcasing strong momentum, as indicated by the latest Purchasing Managers’ Index (PMI) report. In October, the manufacturing PMI surged to 57.5, up from an eight-month low of 56.5 in September. This significant increase reflects a resurgence in demand, leading to job creation and a promising outlook for businesses engaged in both […]

United States Eases Import Regulations for Chilean Table Grapes, Enhancing Trade Opportunities

November 4, 2024

Jessica Jumaway

In a strategic boost for the agricultural trade sector, the United States government has introduced a progressive update to its import regulations that promises to advance Chile’s table grape exports. Effective July 2024, the new guidelines permit specific regions in Chile, recognized for their minimal presence of the European grapevine moth, to export table grapes […]

Thailand’s Export Sector Poised for Record-Breaking Growth, Shippers’ Group Confirms

November 4, 2024

Jessica Jumaway

Thailand’s export sector is on track to reach an impressive 2% growth this year, according to the Thai National Shippers’ Council. With a targeted export value of $290 billion, Thailand’s trade outlook reflects the country’s strategic efforts to strengthen its role in the global market. Exports, which are a key contributor to Thailand’s economic health, […]

Afghanistan Expands Trade Horizons with Pomegranate Exports to China and Regional Markets

November 4, 2024

Jessica Jumaway

Afghanistan’s renowned pomegranates are set to reach new markets as the country’s Chamber of Commerce and Investment accelerates efforts to expand exports to China and strengthen regional trade partnerships. With a growing global demand for Afghan pomegranates, recent discussions with Chinese traders signal promising trade opportunities that could elevate Afghanistan’s agricultural exports on the world […]

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