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September 30, 2024

Daisy

India’s smartphone exports have emerged as the country’s leading product export to the United States, surpassing traditional sectors like diamond exports. This significant milestone highlights India’s expanding role in the global technology trade and showcases the country’s commitment to enhancing its manufacturing capabilities.   The trend began earlier this year when smartphone exports reached impressive […]

September 22, 2024

Onyx

  Exhibition Highlights: The extensive exhibition area will showcase cutting-edge technologies, including Industry 4.0 innovations, 3D printing breakthroughs, and automation solutions. Attendees will also have the unique opportunity to learn about Thrust WSH’s ambitious pursuit of the World Water Speed Record, highlighting remarkable engineering and high-performance innovations.   Conference Themes: The conference will feature key […]

September 19, 2024

Kristan

Australia’s National Anti-Corruption Commission Act (NAC Act), passed in 2022 and coming into force in July 2024, represents a major reform in tackling corruption and bribery within government operations, including public procurement and supply chain activities. The Act established the National Anti-Corruption Commission (NACC), a powerful and independent body empowered to investigate and prosecute serious […]

September 5, 2024

Kristan

The Ocean Shipping Reform Act of 2022 (OSRA), which came into effect in June 2022, represents the most significant overhaul of US maritime regulations in decades. Passed in response to mounting concerns over excessive freight charges, unpredictable demurrage and detention fees, and opaque shipping practices, OSRA aims to create a more transparent, fair, and competitive […]

August 22, 2024

Kristan

The EU Corporate Sustainability Reporting Directive (CSRD), which began its pilot phase in 2023, marks a transformative shift in how European companies disclose environmental, social, and governance (ESG) data. As the successor to the Non-Financial Reporting Directive (NFRD), the CSRD significantly expands the scope of reporting obligations, bringing thousands of large companies and, soon, mid-cap […]

August 8, 2024

Kristan

The US Secure and Trusted Communications Networks Act, signed into law in March 2020 and effective from November that year, represents a cornerstone of federal efforts to protect the nation’s telecommunications infrastructure from security risks associated with high-risk suppliers. The Act prohibits US government agencies and federally funded projects from procuring, leasing, or maintaining telecommunications […]

August 2, 2024

Daisy

Vietnam has achieved a notable milestone as the leading ASEAN exporter to the European Union, showcasing the benefits of the EU-Vietnam Free Trade Agreement (EVFTA). This economic partnership has significantly contributed to growth, job creation, and enhanced access to European goods for Vietnamese consumers over the past four years.   The phased reduction of import […]

August 2, 2024

Daisy

In a significant development aimed at strengthening trade relations, the Indian government has announced that essential commodities previously subject to restrictions can now be exported to the Maldives from Kandla and Vishakhapatnam ports. This update, applicable for the financial year 2024-25, brings the total number of ports authorized for these exports to six. The Directorate […]

August 2, 2024

Daisy

During a significant state visit to India, Vietnamese Prime Minister Phá º ¡m Minh ChÁ ­nh and Indian Prime Minister Narendra Modi engaged in meaningful discussions following a formal welcome at the Presidential Palace. The meeting underscored the deep and enduring relationship between the two nations, with a focus on expanding collaboration across several key […]

August 2, 2024

Daisy

Southeast Asian nations are taking proactive steps to bolster their domestic manufacturers and safeguard jobs by adjusting tariffs on low-cost imports. This strategic move is a response to the evolving global trade landscape and aims to ensure economic stability and growth in the region.   Thailand, Indonesia, and Malaysia are at the forefront of this […]

August 2, 2024

Daisy

With less than 100 days remaining, the latest updates for the 7th China International Import Expo (CIIE) have been unveiled. Set to take place from November 5th to 10th, 2024, in Shanghai, preparations for the event are progressing smoothly with significant advancements already made. The previous edition of the CIIE in 2023 saw a large […]

August 1, 2024

Daisy

Deputy Minister of Trade, Industry, and Competition, Andrew Whitfield, has emphasized the critical importance of manufacturing and export expansion for South Africa’s economic development. Speaking during a recent Budget Vote debate in the National Council of Provinces (NCOP), Whitfield highlighted the need for a manufacturing-centered approach to enhance economic stability and job creation. Whitfield outlined […]