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China Proposes Strengthening U.S. Trade Ties with Renewed 2020 Agreement

February 3, 2025

Jessica Jumaway

China has proposed reviving the 2020 trade agreement with the United States, signaling a commitment to strengthening economic ties and fostering a more stable global trade environment. This initiative underscores the potential for renewed collaboration between the two major economies, benefiting industries and businesses worldwide.   The proposal includes efforts to stabilize currency policies, increase […]

Hong Kong’s Economic Growth Strengthens Trade Prospects with 2.4% Expansion in Fourth Quarter

February 3, 2025

Jessica Jumaway

Hong Kong’s economy continued its positive trajectory, expanding by 2.4 percent in the fourth quarter of 2024 compared to the previous year, according to official estimates released on Monday. This marks the eighth consecutive quarter of growth, reinforcing the city’s strong position in global trade and commerce.   The latest figures slightly exceeded market expectations […]

Australia Confident in Navigating Global Trade Shifts, Strengthening Economic Resilience

February 3, 2025

Jessica Jumaway

Australia remains well-positioned to adapt to evolving global trade dynamics, reinforcing its commitment to economic stability and open market policies, Treasurer Jim Chalmers affirmed on Tuesday.   Speaking with ABC News, Chalmers highlighted Australia’s proactive approach to managing trade shifts, particularly in response to recent developments in the United States. “These are significant changes, but […]

Japan’s Food Exports Soar to Record High, Strengthening Global Trade Partnerships

February 3, 2025

Jessica Jumaway

Japan’s agricultural, forestry, and fishery exports reached an all-time high in 2024, showcasing the country’s resilience and adaptability in the global market. The Ministry of Agriculture, Forestry, and Fisheries (MAFF) reported a 3.7% increase in exports, totaling 1.507 trillion yen ($9.7 billion), marking the twelfth consecutive year of growth.   This success reflects Japan’s expanding […]

South Africa’s Safeguard Investigation Aims to Strengthen Steel Trade

February 3, 2025

Jessica Jumaway

South Africa has launched a safeguard investigation into the import of certain flat-rolled steel products, demonstrating its commitment to maintaining a balanced and competitive steel market. This initiative, formally notified to the World Trade Organization’s (WTO) Committee on Safeguards on 3 February 2025, seeks to assess the impact of rising imports on domestic producers while […]

Ecuador and Canada Finalize Trade Deal, Opening New Opportunities for Growth

February 2, 2025

Jessica Jumaway

Ecuador and Canada have successfully finalized a new trade agreement, paving the way for expanded economic opportunities and stronger bilateral trade relations. Ecuadorian President Daniel Noboa announced the deal, emphasizing its potential to drive local job creation and boost key export sectors.   The agreement, which follows six rounds of negotiations since March 2024, is […]

South Korea’s Manufacturing Expansion Reinforces Global Trade Strength

February 2, 2025

Jessica Jumaway

South Korea’s manufacturing sector started the year on a strong note, with factory activity expanding in January due to robust international demand. This signals a recovery in production and highlights the country’s crucial role in global trade.   According to S&P Global’s latest Purchasing Managers’ Index (PMI) report, South Korea’s PMI rose to 50.3 in […]

US Resumes Mexican Beef Imports, Strengthening Bilateral Trade Relations

February 1, 2025

Jessica Jumaway

The United States has officially agreed to lift the temporary suspension on Mexican beef imports, marking a positive development in bilateral trade between the two nations. Mexican Agriculture Minister Julio BerdeguÁ © shared the exciting news on social media, announcing that the U.S. Department of Agriculture (USDA) had signed memorandums allowing the resumption of beef […]

Chilean Blueberry Exports Gain Momentum with 55,946 Tons Shipped

January 30, 2025

Jessica Jumaway

The Chilean blueberry industry continues to strengthen its global presence as the 2024-2025 export season progresses. According to the Chilean Fruit Blueberry Committee, total exports have reached 55,946 tons as of the second week of 2025, reflecting steady demand and effective market strategies. Notably, 11,767 tons were shipped in the initial weeks of the year. […]

U.S. Economy Shows Strong Resilience with Robust Trade and Domestic Demand

January 30, 2025

Jessica Jumaway

The U.S. economy demonstrated impressive resilience in the fourth quarter of 2024, bolstered by solid consumer spending and a strong labor market. While imports surged and a strike at Boeing temporarily impacted aircraft production, the broader economic landscape remains positive, signaling healthy trade activity and domestic growth. The Federal Reserve’s approach of gradual interest rate […]

Morocco’s Almond Imports Reach Record High, Boosting Global Trade

January 30, 2025

Jessica Jumaway

Morocco’s demand for high-quality almonds has reached new heights, with imports surpassing 35,000 tons in the first 11 months of 2024. Valued at $174.5 million, this represents an 18% increase from the previous year, demonstrating the country’s strong position in global agricultural trade.   The steady growth in almond imports reflects Morocco’s expanding market for […]

Vietnam’s Fruit Exports Reach $7.15 Billion in 2024, Strengthening Global Trade

January 30, 2025

Jessica Jumaway

Vietnam’s fruit export industry has achieved a remarkable milestone, reaching $7.15 billion in 2024. This strong performance highlights the country’s growing influence in international trade, driven by rising demand for durian, coconuts, longans, pomelos, and mangoes. With shipments expanding to over 60 markets, Vietnam continues to strengthen its position as a key player in global […]

China’s Wind Turbine Exports Poised for Significant Growth

January 30, 2025

Jessica Jumaway

China’s wind turbine exports are set for remarkable expansion, with projections showing an increase from just under 10 GW over the past 12 years to more than 100 GW in the next decade. This strong growth reflects rising global demand for renewable energy and highlights China’s role in advancing sustainable technology.   With key markets […]

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