News

Thailand Leads ASEAN in Dairy Exports with 11.5% Growth, Reaching $582M

February 5, 2025

Jessica Jumaway

Thailand has emerged as the leading exporter of dairy products in ASEAN, with its dairy exports achieving an impressive 11.5% growth in 2024. This growth resulted in a total export value of $582 million (19.623 billion baht), showcasing the nation’s growing influence in the global dairy market.   The surge in exports has been particularly […]

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Negotiating Contracts Under Volatile Tariffs

February 5, 2025

Giezel Garcia

The global trading landscape has always been subject to shifting policies and unpredictable events, but the recent 10% ad valorem tariff on imports from China—imposed by President Donald Trump in February 2025—has made it more volatile than ever. These tariffs also apply to Hong Kong, and there is no de minimis treatment available, meaning all […]

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Bangladesh Expands Agricultural Trade with Tomato Exports to Malaysia

February 4, 2025

Jessica Jumaway

Bangladesh has made a significant advancement in international trade with its first-ever export of tomatoes to Malaysia, offering new economic opportunities for local farmers. A total of 40 metric tons have already been shipped, with an additional 26 metric tons set for export in the coming days. This milestone strengthens Bangladesh’s position in the global […]

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China’s Strategic Mineral Policies Drive Global Trade Innovation

February 4, 2025

Jessica Jumaway

China’s latest export controls on key strategic minerals are prompting global industries to explore new opportunities for supply chain diversification and resource innovation. The decision to implement regulations on tungsten, indium, and other essential metals aligns with China’s broader strategy to manage its mineral resources efficiently while encouraging advancements in alternative sourcing and processing technologies […]

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Norway’s New Finance Minister Prioritizes U.S. Trade Engagement to Strengthen Economic Stability

February 4, 2025

Jessica Jumaway

Norway’s newly appointed Finance Minister, Jens Stoltenberg, has emphasized the importance of open dialogue with the U.S. to prevent potential trade disruptions and ensure continued economic cooperation. His appointment comes at a critical time as global trade discussions evolve, positioning Norway to take a proactive approach in strengthening its international trade relationships.   Stoltenberg, a […]

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Mexico Confident in Trade Talks with U.S. Ahead of Tariff Deadline

February 4, 2025

Jessica Jumaway

Mexican officials have expressed optimism about reaching an agreement with the United States before the newly extended tariff deadline, highlighting ongoing collaboration between the two nations to address shared economic and security concerns.   The U.S. had initially planned to impose 25% tariffs on imports from Mexico and Canada but postponed implementation by a month […]

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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 […]

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Beijing Seeks Trade Dialogue with Trump Administration to Address Tariffs and Economic Relations

February 3, 2025

Jessica Jumaway

In an effort to promote constructive dialogue and strengthen economic ties, Beijing is preparing to present new trade proposals to the Trump administration. With the recent imposition of a 10% tariff on Chinese goods, China sees this as an opportunity to engage in meaningful trade talks that could lead to beneficial agreements for both nations. […]

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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 […]

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Taiwan Strengthens Trade Ties with U.S. Through Business Expansion Support

February 3, 2025

Jessica Jumaway

Taiwan is taking proactive steps to support businesses looking to expand into the United States, reinforcing its role as a key player in global trade. In response to recent tariff adjustments, the Ministry of Economic Affairs announced a comprehensive plan to help Taiwanese companies explore new opportunities in the U.S. market.   This initiative will […]

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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 […]

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India and U.S. Strengthen Trade and Economic Ties with Upcoming Leadership Meeting

February 3, 2025

Jessica Jumaway

The United States and India are set to strengthen their trade and economic partnership as U.S. President Donald Trump extends an invitation to Indian Prime Minister Narendra Modi for a meeting at the White House next week, a senior official confirmed.   The leaders last spoke on January 27, discussing key economic and trade priorities, […]

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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 […]

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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 […]

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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 […]

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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 […]

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