German Chancellor Olaf Scholz held discussions with Nigerian President Bola Tinubu during his West Africa tour, emphasizing trade and investment prospects. This visit reflects Germany’s interest in diversifying its trade partners and expanding economic collaborations in the resource-rich West African region. During their meeting in the capital city of Abuja, Scholz emphasized the need […]
In a significant step towards enhancing Africa’s role in global trade, the World Trade Organization (WTO) has launched a comprehensive regional course. This initiative, primarily focused on deepening the understanding of WTO agreements within the African trade policy context, marks a notable advancement in integrating the continent more effectively into the global trading system. […]
The European Union (EU) has unveiled an ambitious plan to provide a substantial investment of 6 billion euros ($6.4 billion) to support the Western Balkan countries in their quest for reforms and eventual integration into the EU. This development was announced by Ursula von der Leyen, the President of the European Commission, during her visit […]
European gas markets experienced a significant surge in prices, with the Dutch TTF gas futures index rising by nearly 7% to reach €54 per megawatt-hour. This substantial increase marks the highest level since mid-February and has raised concerns regarding supply stability. The catalyst for this price hike comes as Egypt reported a complete halt […]
Trade and economy officials from the Group of Seven (G-7) wealthy democracies reaffirmed their commitment on Sunday to collaborate in ensuring the smooth functioning of supply chains for essential goods such as energy and food, despite prevailing global uncertainties. In a joint statement, these nations pledged to uphold “a free and fair-trading system based […]
Argentina is set to address its recent fuel shortages as the government and oil companies confirm the arrival of fuel shipments, offering relief to the long queues at gas stations that resulted from a surge in demand. Energy Secretary Flavia Royon announced that ten fuel shipments, which have been imported by the government, have […]
In a recent poll conducted by Reuters, economic experts have forecasted a notable uptick in Taiwan’s economic growth for the third quarter of the year. This optimistic outlook is primarily attributed to resilient domestic consumption and a tentative rebound in exports, marking a positive shift for Taiwan’s trade-dependent economy. According to the survey of […]
Beijing’s recent move to impose export restrictions on graphite has raised significant concerns within the global electric vehicle (EV) battery supply chain. While China has stated that these restrictions are not specific to any particular sector, industry experts and insiders have highlighted potential challenges, especially for foreign manufacturers of EV battery components who have not […]
World Trade Organization (WTO) members are actively considering reform proposals aimed at addressing concerns raised by the United States, with some calling this effort the “last chance” to rejuvenate the WTO’s capacity to resolve trade disputes effectively. The draft reform proposals, revealed exclusively to Reuters, represent a significant endeavor to mend the WTO’s beleaguered […]
A U.S. business delegation, dispatched to Northern Ireland by President Joe Biden, has embarked on a mission to uncover the economic potential brought about by the region’s unique post-Brexit trade arrangements. These arrangements, established under the Windsor Framework Agreement, grant Northern Ireland dual access to both the United Kingdom and the European Union goods markets. […]