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

United States Becomes Key Trade Partner as Dutch Imports Rise

November 5, 2024

Jessica Jumaway

The United States has reinforced its position as a major trade partner for the Netherlands, now ranking as the country’s second-largest supplier of goods. In 2023, Dutch imports from the U.S. grew by more than 12 percent compared to the previous year, highlighting a robust expansion in economic ties. This growth is especially notable given […]

Vietnam’s Seafood Sector Set for Growth Amid Positive Export Trends

November 5, 2024

Jessica Jumaway

The seafood industry in Vietnam is on a promising growth trajectory, with positive business momentum expected to continue into the first half of 2025. Recent financial results from key players in the sector reflect a strong recovery and increasing export potential, especially as the year-end approaches.   In the third quarter, the seafood sector reported […]

Korean Agricultural Exports Hit Record High, Showcasing Growing Demand and Trade Opportunities

November 5, 2024

Jessica Jumaway

Korea’s agricultural exports reached a new milestone through October 2024, underscoring the country’s increasing role in global trade. With a surge in demand for both fresh and processed food items, total agricultural exports rose to $8.18 billion, marking an impressive 8.7% year-over-year growth, according to the Ministry of Agriculture, Food and Rural Affairs.   The […]

Deputy Director-General Johanna Hill Highlights the Power of Trade to Drive Global Prosperity at Import Expo

November 5, 2024

Jessica Jumaway

At the Hongqiao International Economic Forum in Shanghai on November 5, World Trade Organization Deputy Director-General Johanna Hill underscored the transformative potential of international trade in promoting global prosperity and resilience. Speaking at a session titled “China and 30 Years of the World Trade Organization: History and Evolution,” Hill praised the critical role of trade […]

Nepal Imports $403K Worth of Bananas from India Amid Rising Demand

November 4, 2024

Jessica Jumaway

In an exciting development for international trade, Nepal has imported bananas valued at approximately $403,225 (50 million rupees) from India. This strategic import decision reflects the increasing demand for bananas in the Nepali market, which has outpaced local production capabilities.   Bishweshwar Yadav, President of the Janakpur Fruits and Vegetables Traders Committee, highlighted the significant […]

Bangladesh Leverages Maldives as Strategic Hub for Textile Exports

November 4, 2024

Jessica Jumaway

In a proactive move to enhance its textile export capabilities, Bangladesh has started rerouting its shipments through the Maldives, marking a significant development in its trade strategy. This initiative aims to streamline logistics, better manage supply chains, and ensure timely delivery of products to global markets.   As the world’s second-largest garment producer, Bangladesh plays […]

India’s Manufacturing Sector Experiences Robust Growth in October, Signaling Trade Opportunities

November 4, 2024

Jessica Jumaway

India’s manufacturing sector is showcasing strong momentum, as indicated by the latest Purchasing Managers’ Index (PMI) report. In October, the manufacturing PMI surged to 57.5, up from an eight-month low of 56.5 in September. This significant increase reflects a resurgence in demand, leading to job creation and a promising outlook for businesses engaged in both […]

United States Eases Import Regulations for Chilean Table Grapes, Enhancing Trade Opportunities

November 4, 2024

Jessica Jumaway

In a strategic boost for the agricultural trade sector, the United States government has introduced a progressive update to its import regulations that promises to advance Chile’s table grape exports. Effective July 2024, the new guidelines permit specific regions in Chile, recognized for their minimal presence of the European grapevine moth, to export table grapes […]

Thailand’s Export Sector Poised for Record-Breaking Growth, Shippers’ Group Confirms

November 4, 2024

Jessica Jumaway

Thailand’s export sector is on track to reach an impressive 2% growth this year, according to the Thai National Shippers’ Council. With a targeted export value of $290 billion, Thailand’s trade outlook reflects the country’s strategic efforts to strengthen its role in the global market. Exports, which are a key contributor to Thailand’s economic health, […]

Afghanistan Expands Trade Horizons with Pomegranate Exports to China and Regional Markets

November 4, 2024

Jessica Jumaway

Afghanistan’s renowned pomegranates are set to reach new markets as the country’s Chamber of Commerce and Investment accelerates efforts to expand exports to China and strengthen regional trade partnerships. With a growing global demand for Afghan pomegranates, recent discussions with Chinese traders signal promising trade opportunities that could elevate Afghanistan’s agricultural exports on the world […]

Chinese EV Maker to Launch Hybrid Vehicle Exclusively for International Markets

November 3, 2024

Jessica Jumaway

In an exciting development for the automotive trade landscape, a prominent Chinese electric vehicle manufacturer is preparing to launch its first hybrid vehicle, set to debut in 2026, exclusively in international markets. This strategic move is designed to enhance global market presence and respond to increasing demand for versatile vehicle options, while navigating the complexities […]

European Council President Calls for Trust, Trade, and Transformation to Advance Global Prosperity

November 1, 2024

Jessica Jumaway

In an inspiring address at the World Trade Organization (WTO) headquarters in Geneva, European Council President Charles Michel called on the global community to embrace a path of strengthened trust, expanded trade, and institutional transformation to build a more inclusive and prosperous world. Delivered as part of the WTO’s Presidential Lecture Series on November 1, […]

US National Defense Authorization Act (NDAA, 2023) & Critical Minerals Supply Chains

October 31, 2024

Kristan

US National Defense Authorization Act (NDAA, 2023) & Critical Minerals Supply Chains

The 2023 National Defense Authorization Act (NDAA) introduced significant new provisions aimed at strengthening the security and resilience of critical minerals supply chains essential to US defense capabilities. As global competition intensifies and geopolitical tensions threaten the stability of resource flows, the NDAA’s supply-chain security measures underscore the strategic importance of minerals such as rare […]

Morocco Poised for Record Sweet Pepper Exports Boost

October 30, 2024

Jessica Jumaway

Morocco is on the brink of setting a new record in sweet pepper exports, showcasing its potential as a leading player in the global agricultural market. Recent data indicates that from January to August 2024, the country exported nearly 150,000 tons of sweet peppers, marking an impressive 20% increase compared to the same period last […]

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