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

Australian Wine Exports See Strong Growth, Highlighting Trade Resilience

January 29, 2025

Jessica Jumaway

Australian wine exports demonstrated remarkable growth in 2024, with total export value increasing by 34% to AUD 2.55 billion and volume rising by 7% to 649 million liters. This positive momentum reflects the industry’s adaptability and the strong demand for Australian wines in international markets. A key factor behind this expansion was the removal of […]

China’s Growing Influence in Global Trade Through Agricultural and Manufacturing Exports

January 27, 2025

Jessica Jumaway

China’s expanding role in global trade continues to make a significant impact, with the country strengthening its presence in both agricultural exports and high-tech manufacturing partnerships. Through the success of its premium apple exports and its strategic manufacturing collaborations, China is demonstrating its commitment to driving economic globalization and fostering shared prosperity.   The success […]

Egypt’s Food Export and Import Sectors Show Strong Growth

January 27, 2025

Jessica Jumaway

Egypt’s food export and import sectors are seeing impressive growth, with a recent surge in shipments reflecting the country’s growing influence in global trade. The National Food Safety Authority (NFSA) reported a remarkable 6,200 food export shipments between January 18 and 24, totaling 230,000 tons, marking a 33,000-ton increase from the previous week.   This […]

South Africa’s Poultry Industry Gears Up for Export-Led Growth

January 27, 2025

Jessica Jumaway

South Africa’s poultry sector is set to advance its role in international trade with a renewed focus on export-driven growth. A new phase of its development plan aims to unlock opportunities for economic expansion, sustainability, and global market competitiveness.   The recently introduced framework builds on previous successes by addressing key challenges and setting a […]

India and U.S. Trade Flourishes with $60 Billion in Exports

January 27, 2025

Jessica Jumaway

India and the United States continue to showcase a thriving trade partnership, with Indian exports to the U.S. reaching an impressive $59.93 billion in the first nine months of the 2024-25 fiscal year. Representing a robust 5.57% growth compared to the same period last year, this achievement highlights the strong demand for Indian goods in […]

China Requests WTO Panel to Review Turkey’s Electric Vehicle Measures

January 27, 2025

Jessica Jumaway

At the recent World Trade Organization (WTO) Dispute Settlement Body (DSB) meeting on January 27, 2025, China formally requested the establishment of a dispute panel to examine measures adopted by Turkey regarding electric vehicles (EVs) and certain other types of vehicles imported from China. This request follows consultations in November 2024 that were unable to […]

Paraguay Marks Milestone in Global Trade with First Persian Lime Exports

January 23, 2025

Jessica Jumaway

Paraguay has made a significant leap into the international citrus market with its inaugural export of Persian limes, marking a new era for the country’s agricultural trade. A shipment of 26 tonnes, sourced from the ConcepciÁ ³n region, has successfully reached the Argentine market after meeting stringent international quality and phytosanitary standards.   This achievement […]

South Africa Boosts Wine Export Revenues, Strengthening Global Trade Presence

January 23, 2025

Jessica Jumaway

South Africa’s wine industry celebrated a remarkable achievement in 2024, as export revenues grew despite steady shipment volumes, highlighting the sector’s adaptability and market strength. According to Wines of South Africa (WoSA), export revenues reached R10.3 billion, marking a 3% increase in local currency, while US dollar revenues climbed 4.3% to $562 million.   Packaged […]

Uzbekistan’s Fruit and Vegetable Exports Reach $1.5 Billion, Highlighting Trade Growth

January 23, 2025

Jessica Jumaway

Uzbekistan has achieved a remarkable milestone in global trade, generating over $1.5 billion in revenue from the export of 2 million tons of fruits and vegetables in 2024. This impressive accomplishment, reported by the Statistics Agency of Uzbekistan, represents a 15.8% increase in export volumes and an outstanding 31.2% growth in value compared to 2023. […]

Egypt’s Potato Exports to the UK Showcase Growing Trade Success

January 23, 2025

Jessica Jumaway

Egypt continues to demonstrate its strength in international trade, achieving a new milestone with record potato exports to the United Kingdom in 2024. Building on an impressive performance in 2023, Egypt increased its export volume by 2.7 times, delivering 23.7 thousand tons of potatoes and generating $13.5 million in revenue.   The export season, which […]

US CHIPS and Science Act (2022) & Semiconductor Supply Chain Security

January 23, 2025

Kristan

US CHIPS and Science Act (2022) & Semiconductor Supply Chain Security

The US CHIPS and Science Act, signed into law in August 2022, represents a landmark initiative to strengthen domestic semiconductor manufacturing while enhancing the security and transparency of chip supply chains. As global tensions and supply disruptions have highlighted the vulnerabilities in critical technology sectors, the CHIPS Act provides substantial federal incentives to encourage the […]

Japan’s December Export Growth Highlights Resilience in Global Trade

January 22, 2025

Jessica Jumaway

Japan’s exports continued to display resilience in December, achieving a 2.8% year-on-year growth and surpassing market expectations of 2.3%. This marks the third consecutive month of export expansion, reflecting the adaptability of Japanese trade amidst evolving global conditions.   A weaker yen played a pivotal role in enhancing the value of shipments, with strong demand […]

Kyrgyzstan Expands Banana Imports from Ecuador by 30%, Boosting Trade Opportunities

January 21, 2025

Jessica Jumaway

Kyrgyzstan’s banana imports have seen impressive growth, with the total volume reaching 33,050.9 tons valued at $24.2 million between January and November. This marks a significant increase from the previous year, when imports amounted to 25,725.4 tons worth $16.8 million. This uptick highlights the country’s expanding consumer demand and the strengthening of its trade partnerships. […]

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