Germany’s Supply Chain Due Diligence Act (Lieferkettensorgfaltspflichtengesetz, or LkSG), effective since January 2023, marked a significant shift in corporate responsibility, requiring large firms to monitor and address human rights and environmental risks across their global supply chains. Now, two years into enforcement, clear lessons have emerged for the automotive and textile sectors—the industries most directly […]
Taiwan’s trade sector ended the year on a high note, with December exports surpassing expectations and showcasing the country’s pivotal role in the global market. Exports rose 9.2% year-on-year to $43.59 billion, driven by robust demand for semiconductors fueled by advancements in artificial intelligence (AI) and steady trade with key international partners. This strong […]
The US Corporate Transparency Act (CTA), which came into effect on January 1, 2024, represents a landmark step in combating illicit financial activity by requiring companies to disclose their beneficial owners to the Financial Crimes Enforcement Network (FinCEN). This centralized registry of ownership information enhances supply chain transparency by helping businesses identify shell companies and […]
Mexico is solidifying its position as one of the most important markets for US dairy exports, showcasing the strength of the trade relationship between the two countries. This growing partnership is driving opportunities for agricultural trade and fostering mutual economic benefits. Currently, Mexico purchases more than 25 percent of US dairy exports, representing 4.5 […]
The Philippine automotive parts industry is set to achieve remarkable milestones in 2024, with export revenues projected to reach $1.21 billion by year-end. This marks a robust contribution to the country’s international trade and reflects the growing demand for high-quality automotive components worldwide. Looking ahead, forecasts indicate an increase in export performance, with revenues […]
New Zealand’s horticulture industry is achieving remarkable milestones, with export revenue forecasted to hit a record NZ$8 billion (US$4.5 billion) by 30 June 2025, according to the latest Situation and Outlook for Primary Industries (SOPI) report from the Ministry for Primary Industries. This 12% growth reinforces the country’s position as a leading player in global […]
Vietnam’s cashew industry has reaffirmed its position as a global trade leader, achieving record exports of 669,000 tonnes valued at $3.98 billion in the first 11 months of 2024. This marks a 15.2% increase in volume and a 20.6% rise in value compared to the same period last year, underscoring the sector’s resilience and growing […]
Japan’s export sector continues to demonstrate resilience, posting a stronger-than-expected 3.8% year-on-year growth in November. This performance reflects robust global demand and the advantages of a competitive yen, reinforcing Japan’s position as a key player in international trade. Chip Making equipment emerged as a standout, with significant demand from Taiwan and China driving growth. […]
Morocco has set a new benchmark in agricultural exports, with its orange juice shipments soaring to over 11,000 tons within the first nine months of 2024, valued at more than $18 million. This achievement represents a remarkable growth of 3.5 times compared to the same period in 2023 and exceeds the record export volume of […]
Japan has resumed its strawberry exports to the Philippines, signaling a positive step in the expanding trade relationship between the two countries. Following an agreement between Japan’s Ministry of Agriculture, Forestry, and Fisheries and Philippine quarantine authorities, the export ban imposed due to pest concerns has been lifted, creating new opportunities for both nations. […]
The forthcoming trade agreement between the Philippines and South Korea is set to create new opportunities for the Philippine banana industry. Starting on January 1, 2025, the agreement will reduce tariffs on bananas, making the country’s exports more competitive in the South Korean market. Trade Secretary Ma. Cristina Roque highlighted the potential benefits during […]
The Philippines is poised to reach a record-breaking 4.7 million metric tons (MMT) in rice imports by the end of 2024, showcasing its active engagement in international trade and efforts to ensure food security. Recent data from the Bureau of Plant Industry (BPI) highlights this achievement, with shipments from January 1 to December 12 already […]
Malaysia’s trade performance continues to impress, with exports rising 4.1% year-on-year in November to 126.57 billion ringgit ($28.31 billion). This marks the second consecutive month of export growth, reflecting the country’s resilience and strategic positioning in global trade. Key industries, particularly manufactured and agricultural goods, have been instrumental in driving this success. Exports of […]
The National Economic and Development Authority Board has approved the implementation of the free trade agreement between the Philippines and Korea, marking a significant milestone in enhancing economic collaboration and trade relations. This agreement aims to reduce market barriers, foster investment opportunities, and provide expanded access to goods and services between the two countries. […]
A new database focusing on trade in critical minerals has been launched by the Asian Development Bank and the World Trade Organization Secretariat, marking a significant milestone in global trade and sustainability efforts. This collaborative initiative is set to enhance transparency, promote trade efficiency, and support the clean energy transition by providing comprehensive insights into […]
Brazil is making strides in global trade with the expansion of its fresh grape exports to China, supported by innovative and eco-friendly packaging solutions. This development follows the signing of a phytosanitary protocol in November, opening doors for Brazilian table grapes to reach new international markets. The introduction of the DaColheita packaging solution has […]