News

Vietnam Targets Export of 7.5 Million Tons of Rice in 2025, Strengthening Global Trade

February 18, 2025

Jessica Jumaway

Vietnam is setting its sights on a significant milestone in rice exports, with plans to ship over 7.5 million tons of rice in 2025. The majority of these exports will come from the country’s Mekong Delta region, a key agricultural hub renowned for its rice production.   According to the Ministry of Agriculture and Rural […]

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Korean Powdered Milk Exports to Southeast Asia Experience Strong Growth

February 18, 2025

Jessica Jumaway

Korean powdered milk products have gained significant traction across Southeast Asia, with exports to the region nearly tripling over the past decade. The demand for Korean formula milk continues to rise, with exports to the 10 ASEAN nations hitting a record high in 2024.   According to data from the Korea Agro-Fisheries & Food Trade […]

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Taiwanese Electronics Firms Plan Major Expansions in Texas, Boosting U.S. Trade Opportunities

February 18, 2025

Jessica Jumaway

Taiwanese electronics companies are set to make significant investments in Texas, marking a new chapter in expanding U.S.-Taiwan trade relations. The announcements, expected to take place in May, are poised to further strengthen the economic ties between the two nations, especially in the tech sector.   Richard Lee, chairman of the Taiwan Electrical and Electronic […]

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Thailand’s Dried Fruit Exports to China Experience Significant Growth, Boosting Trade Opportunities

February 17, 2025

Jessica Jumaway

Thailand has solidified its position as the world’s leading exporter of dried fruit to China, with exports rising by an impressive 10.22% in the first 10 months of 2024. According to the Department of International Trade Promotion (DITP), Thai dried fruit sales to China reached $125.64 million (4.24 billion baht), a clear testament to the […]

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Positive Outlook for U.S.-UK Trade Relations Despite Tariff Discussions

February 17, 2025

Jessica Jumaway

The United States is shifting its view of trade relations with the United Kingdom, marking an encouraging step toward stronger bilateral ties. British Business Secretary Jonathan Reynolds highlighted that the U.S. now sees the UK’s trade relationship in a new, positive light, appreciating the balance between both economies. This shift reflects growing opportunities for collaboration […]

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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 […]

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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 […]

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Cook Islands Prime Minister to Release Details of Strategic Trade Partnership with China

February 17, 2025

Jessica Jumaway

In a move aimed at fostering greater economic cooperation, Cook Islands Prime Minister Mark Brown announced plans to release the full details of a newly signed strategic trade partnership agreement with China. The agreement, which includes a $4 million grant from China, is part of a broader effort to enhance bilateral cooperation in areas such […]

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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 […]

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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 […]

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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 […]

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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 […]

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Scottish Salmon Exports Reach Record £844 Million, Driving Global Trade Growth

February 13, 2025

Jessica Jumaway

Scottish salmon exports have soared to an all-time high of £844 million in 2024, marking an impressive 45% increase from the previous year. This milestone underscores the strong global demand for high-quality seafood and strengthens Scotland’s position as a key player in international trade.   New data from HMRC reveals that Scottish salmon exports reached […]

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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 […]

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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 […]

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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 […]

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