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Indonesia Implements New Export Regulation to Strengthen Forex Reserves and Economic Growth

February 17, 2025

Jessica Jumaway

Indonesia is taking a bold step toward enhancing its financial stability and economic resilience with the introduction of a new export regulation that is expected to add $80 billion to the nation’s foreign exchange reserves. Signed by President Prabowo Subianto, the regulation requires exporters of natural resources, excluding oil and gas, to retain their earnings […]

Italy’s Trade Surplus Expands in 2024, Reaches $57.5 Billion

February 17, 2025

Jessica Jumaway

Italy’s trade performance in 2024 reflects a positive trajectory, with the country recording a robust trade surplus of 54.92 billion euros ($57.5 billion), up from 34.01 billion euros in 2023. This growth demonstrates Italy’s continued strength in global trade, fueled by a solid export sector.   In December, Italy posted a trade surplus of 5.98 […]

Exploring Alternative Sourcing Hubs

February 17, 2025

Giezel Garcia

Identifying Cost-Effective Manufacturing Locations to Mitigate Tariffs   As trade tensions persist and new tariffs emerge, businesses importing goods from China find themselves navigating a more complex and expensive landscape. To stay profitable and flexible, many organizations have begun exploring alternative manufacturing locations outside of China—particularly in Vietnam, India, Bangladesh, Sri Lanka, Brazil, Argentina, and […]

South Korea Unveils Record $249 Billion Trade Policy Financing to Support Exporters

February 17, 2025

Jessica Jumaway

In an effort to support South Korean exporters, Acting President Choi Sang-mok announced a landmark plan to provide 360 trillion won (approximately $249.3 billion) in trade policy financing. The initiative aims to help businesses navigate the challenges posed by evolving global trade dynamics and increasing pressures from U.S. tariff policies.   At a cabinet meeting […]

Export Promotion Opportunities Arising from Latest U.S. Tariffs

February 13, 2025

Onyx

The recent imposition of additional 10% tariff on Chinese imports into the United States, along with the potential removal of the de minimis exemption of $800 per package from China, will significantly alter global trade patterns. As tariffs increase costs for U.S. importers and small shipments become subject to customs duties, there is a growing […]

DELIVER Asia 2025 to Showcase Keynotes from Pandora, Diageo, Lacoste, and More in Singapore

February 13, 2025

Jessica Jumaway

The spotlight is set to shine on Singapore as DELIVER Asia, the premier networking event for retail and supply chain innovation, debuts on 5+6 March 2025, bringing together the region’s trailblazers to tackle the industry’s most pressing challenges. This elite event connects 200+ senior retail executives, all with active logistics projects, with 30+ cutting-edge solution […]

U.S. and India Set $500 Billion Trade Target by 2030, Strengthening Economic Partnership

February 13, 2025

Jessica Jumaway

The United States and India have reaffirmed their commitment to expanding bilateral trade, setting an ambitious target of reaching $500 billion by 2030. This milestone reflects the strengthening economic relationship between the two nations and their shared vision for a more integrated and dynamic global trade landscape.   Following high-level discussions in Washington, Indian Prime […]

Singapore’s Economy Ends 2024 on a High Note, Trade and Investments Fuel Optimism for 2025

February 13, 2025

Jessica Jumaway

Singapore’s economy ended 2024 with robust growth, showcasing the strength of its trade and investment sectors. The nation recorded a 5.0% expansion in the fourth quarter, exceeding earlier projections and demonstrating strong global trade activity. For the full year, Singapore’s economy grew by 4.4%, more than doubling its 2023 growth of 1.8%.   The Trade […]

Thailand’s Economic Growth Driven by Trade and Tourism

February 13, 2025

Jessica Jumaway

Thailand’s economy is experiencing its strongest growth in over two years, fueled by a vibrant trade sector and a flourishing tourism industry. Recent data highlights the country’s resilience and ability to capitalize on global market opportunities.   According to a February 6-12 poll of 15 economists conducted by Reuters, Thailand’s gross domestic product (GDP) is […]

Taiwan’s President Engages in Strategic Dialogue on U.S. Trade Opportunities

February 13, 2025

Jessica Jumaway

Taiwan President Lai Ching-te is set to convene a meeting of the National Security Council on Friday to explore new trade opportunities and strengthen economic ties with the United States amid discussions on potential tariff adjustments, according to sources familiar with the matter.   The Taiwanese presidential office has not provided comments regarding the meeting. […]

Brazil and U.S. Explore Trade Cooperation Following Tariff Discussions

February 12, 2025

Jessica Jumaway

Brazil is actively engaging in constructive dialogue with the United States following the recent announcement of a 25% tariff on steel and aluminum imports. Vice President Geraldo Alckmin expressed optimism about maintaining a strong trade relationship and highlighted quotas as a practical alternative to tariffs, fostering economic collaboration between both nations.   Brazil remains a […]

Japan Advocates for Stronger Trade Ties with U.S. Through Tariff Exemption Request

February 11, 2025

Jessica Jumaway

Japan has taken a proactive step in strengthening its trade relationship with the United States by formally requesting an exemption from newly imposed tariffs on steel and aluminum. Minister of Economy, Trade, and Industry Yoji Muto announced the request on Wednesday, emphasizing Japan’s commitment to fostering open trade and economic collaboration.   The U.S. recently […]

Vietnam Sets Ambitious 8% GDP Growth Target, Strengthening Trade and Investment

February 11, 2025

Jessica Jumaway

Vietnam is poised to accelerate economic growth in 2025, raising its GDP target to at least 8.0%—a testament to its expanding industrial manufacturing sector and thriving trade environment, Minister of Planning and Investment Nguyen Chi Dung announced on Wednesday.   The country’s trade-driven economy continues to gain momentum, with exports and imports expected to rise […]

South Korea Strengthens Trade and Economic Growth Through Fiscal Measures

February 11, 2025

Jessica Jumaway

South Korea’s Acting President Choi Sang-mok has called for a unified effort in parliament to approve an extra budget aimed at boosting trade and sustaining economic momentum. Emphasizing the importance of proactive financial measures, Choi highlighted the role of strategic investments in ensuring South Korea remains a competitive player in the global marketplace.   “I […]

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