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South Korea Exports Expected to Extend Growth Streak in February

February 28, 2024

South Korea’s export trajectory is poised to continue its upward trajectory, marking a fifth consecutive month of growth, predominantly propelled by chip shipments, according to a recent Reuters poll. Analysts anticipate a modest 1.9% increase in exports for February compared to the same period last year. This follows an impressive 18.0% surge recorded […]

Chinese Premier Calls for Enhanced Economic and Trade Relations with US

February 28, 2024

Chinese Premier Li Qiang emphasized the importance of strengthening economic and trade ties between China and the United States during a meeting with a visiting US delegation, as reported by Chinese state radio on Wednesday. Li emphasized that fostering economic and trade cooperation would benefit both nations, highlighting the mutually advantageous nature of such […]

WTO Director-General Urges Members to Forge Consensus as MC13 Nears Conclusion

February 28, 2024

As the 13th Ministerial Conference (MC13) in Abu Dhabi approaches its closing session, WTO Director-General Ngozi Okonjo-Iweala commended members for the significant progress achieved during the intensive three-day meeting. With less than 24 hours remaining, she urged ministers to intensify their efforts and bridge remaining gaps on critical issues. Speaking at a meeting of […]

Vietnam Records Stable Growth in Rice Exports for Jan-Feb 2024

February 28, 2024

Vietnam has reported a steady increase in rice exports for the first two months of 2024, according to recent government data released on Thursday. In January and February, Vietnam exported a total of 912,000 metric tons of rice, marking a modest 2.1% increase compared to the same period last year. The General Statistics Office […]

US Resumes Poultry Exports to Colombia After Negotiations

February 28, 2024

Following successful negotiations between the United States and Colombia, the months-long halt on the US poultry industry’s access to the Colombian market has come to an end. The resumption of poultry and egg exports to Colombia marks a significant milestone in bilateral trade relations between the two countries. Greg Tyler, President of the USA […]

Taiwan’s January Export Orders Surpass Expectations Driven by AI Demand

February 27, 2024

In a surprising turn of events, Taiwan’s export orders for January outpaced expectations, showcasing resilience amid dynamic global market conditions. With a rise of 1.9% from the previous year, reaching $48.42 billion, the island nation defied projections of a 3.6% decline as forecasted by a Reuters poll. This unexpected surge follows a significant 16.0% drop […]

Significant Growth Reported in Cargo Shipments for 2023 at Indiana Ports

February 27, 2024

In a notable development for Indiana’s maritime industry, there has been a substantial increase in cargo shipments for the year 2023 at the ports of Indiana. Experiencing a 6% rise compared to the previous year, a total of 12.6 million tons of cargo were shipped, marking the second-highest tonnage recorded in the history of these […]

Global Trade Leaders Stress the Need for Strengthening the WTO to Deliver Trade Benefits

February 26, 2024

Today, a gathering of global trade leaders underscored the necessity of revitalizing the World Trade Organization (WTO) to effectively address the needs of people worldwide through trade. The 13th WTO Ministerial Conference (MC13) in Abu Dhabi served as a platform for stakeholders to emphasize the importance of maximizing the multilateral trading system’s potential, promoting socio-economic […]

Vietnam Looks to Expand Food Exports to China Amid Positive Trade Developments

February 26, 2024

Vietnam is eyeing an increase in its agricultural exports to China following promising discussions between the two countries to ease regulations and open up the market further for poultry, fish, and fruits. Officials and industry leaders in Vietnam express optimism about the potential expansion of trade with China, particularly in key sectors like poultry […]

Chinese Exports Flourish Under Regional Comprehensive Economic Partnership Agreement

February 26, 2024

Since the inauguration of the Regional Comprehensive Economic Partnership (RCEP) on January 1, 2022, numerous enterprises in China have reaped the rewards of enhanced trade and industrial collaboration with RCEP member nations. In Yuhangren’s sea buckthorn juice production workshop, a high-tech company dedicated to harnessing the plant’s potential, workers bustle about packaging bottles destined […]

Strong Recovery in Vietnam’s Wood and Furniture Exports

February 26, 2024

Wood and wooden furniture exports from Vietnam are experiencing a robust recovery, signaling positive momentum for the industry. According to industry experts, exports in this sector have been steadily increasing since the end of 2023. Notably, December 2023 saw a 10.3% month-on-month rise to $1.6 billion, followed by another 10.2% growth in January to nearly […]

German Export Outlook Brightens in February

February 26, 2024

In a recent survey conducted by the Ifo economic institute, sentiment among German exporters saw an improvement for the month of February. Although only a few sectors anticipated an increase in exports, the overall outlook showed signs of positivity. The export expectations indicator, as reported by the institute, rose to minus 7.0 points in […]

Ukraine Achieves Record Grain Exports via Maritime Corridor

February 26, 2024

During the “Ukraine. Year 2024” forum, Yulia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine, announced that in January, Ukraine exported a remarkable 12 million tonnes of grain through the maritime corridor, matching pre-crisis levels. This achievement was credited to the successful launch of the new maritime corridor, which facilitated unprecedented grain […]

China and New Zealand Pledge Collaboration for CPTPP Integration, Commerce Ministers Confer in Abu Dhabi

February 25, 2024

In a recent development, China’s Commerce Minister expressed the nation’s commitment to enhancing collaboration with New Zealand within the framework of The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Minister Wang Wentao held discussions with New Zealand’s Trade Minister during a meeting in Abu Dhabi, as outlined in a statement released by the […]

Ukraine Anticipates Significant Economic Assistance from US in 2024

February 25, 2024

In a recent update, Ukraine’s Prime Minister unveiled the nation’s expectation to receive substantial economic assistance amounting to $11.8 billion from the United States this year. This development coincides with Kyiv’s efforts to address a notable budget deficit of $37 billion amidst ongoing challenges, spotlighting the pivotal role of Western allies in extending crucial aid. […]

Global Fund Launched by WTO and ITC to Empower Women Exporters in Digital Economy

February 25, 2024

In a landmark initiative, the World Trade Organization (WTO) and the International Trade Centre (ITC) have announced the launch of a USD 50 million global fund aimed at enabling women to harness opportunities in international trade and the digital economy. The unveiling of the Women Exporters in the Digital Economy (WEIDE) Fund occurred today, coinciding […]

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