News

U.S. and India Set $500 Billion Trade Target by 2030, Strengthening Economic Partnership

February 13, 2025

Jessica Jumaway

The United States and India have reaffirmed their commitment to expanding bilateral trade, setting an ambitious target of reaching $500 billion by 2030. This milestone reflects the strengthening economic relationship between the two nations and their shared vision for a more integrated and dynamic global trade landscape.   Following high-level discussions in Washington, Indian Prime […]

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Singapore’s Economy Ends 2024 on a High Note, Trade and Investments Fuel Optimism for 2025

February 13, 2025

Jessica Jumaway

Singapore’s economy ended 2024 with robust growth, showcasing the strength of its trade and investment sectors. The nation recorded a 5.0% expansion in the fourth quarter, exceeding earlier projections and demonstrating strong global trade activity. For the full year, Singapore’s economy grew by 4.4%, more than doubling its 2023 growth of 1.8%.   The Trade […]

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Thailand’s Economic Growth Driven by Trade and Tourism

February 13, 2025

Jessica Jumaway

Thailand’s economy is experiencing its strongest growth in over two years, fueled by a vibrant trade sector and a flourishing tourism industry. Recent data highlights the country’s resilience and ability to capitalize on global market opportunities.   According to a February 6-12 poll of 15 economists conducted by Reuters, Thailand’s gross domestic product (GDP) is […]

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Taiwan’s President Engages in Strategic Dialogue on U.S. Trade Opportunities

February 13, 2025

Jessica Jumaway

Taiwan President Lai Ching-te is set to convene a meeting of the National Security Council on Friday to explore new trade opportunities and strengthen economic ties with the United States amid discussions on potential tariff adjustments, according to sources familiar with the matter.   The Taiwanese presidential office has not provided comments regarding the meeting. […]

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Brazil and U.S. Explore Trade Cooperation Following Tariff Discussions

February 12, 2025

Jessica Jumaway

Brazil is actively engaging in constructive dialogue with the United States following the recent announcement of a 25% tariff on steel and aluminum imports. Vice President Geraldo Alckmin expressed optimism about maintaining a strong trade relationship and highlighted quotas as a practical alternative to tariffs, fostering economic collaboration between both nations.   Brazil remains a […]

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Japan Advocates for Stronger Trade Ties with U.S. Through Tariff Exemption Request

February 11, 2025

Jessica Jumaway

Japan has taken a proactive step in strengthening its trade relationship with the United States by formally requesting an exemption from newly imposed tariffs on steel and aluminum. Minister of Economy, Trade, and Industry Yoji Muto announced the request on Wednesday, emphasizing Japan’s commitment to fostering open trade and economic collaboration.   The U.S. recently […]

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Vietnam Sets Ambitious 8% GDP Growth Target, Strengthening Trade and Investment

February 11, 2025

Jessica Jumaway

Vietnam is poised to accelerate economic growth in 2025, raising its GDP target to at least 8.0%—a testament to its expanding industrial manufacturing sector and thriving trade environment, Minister of Planning and Investment Nguyen Chi Dung announced on Wednesday.   The country’s trade-driven economy continues to gain momentum, with exports and imports expected to rise […]

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South Korea Strengthens Trade and Economic Growth Through Fiscal Measures

February 11, 2025

Jessica Jumaway

South Korea’s Acting President Choi Sang-mok has called for a unified effort in parliament to approve an extra budget aimed at boosting trade and sustaining economic momentum. Emphasizing the importance of proactive financial measures, Choi highlighted the role of strategic investments in ensuring South Korea remains a competitive player in the global marketplace.   “I […]

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Strategies for Supply Chain Diversification

February 10, 2025

Giezel Garcia

In today’s rapidly shifting trade environment—highlighted by the United States’ recent 10% tariffs on Chinese imports and China’s retaliatory actions—businesses of all sizes are feeling the pressure to rethink their supply chain structures. One of the most effective solutions to mitigate these risks is diversification: spreading sourcing, production, and logistics operations across multiple regions or […]

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U.S. Containerized Imports Reach Record High in January, Strengthening Trade Activity

February 10, 2025

Jessica Jumaway

The United States set a new record for containerized imports in January, reflecting strong trade momentum and supply chain resilience. According to supply chain technology provider Descartes, U.S. seaports handled 2.49 million twenty-foot equivalent units (TEUs), surpassing the previous January record set in 2022.   Trade flows with China played a significant role in this […]

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Poland Expands Fruit Exports to Indonesia with First Apple Shipment

February 7, 2025

Jessica Jumaway

Poland has successfully begun exporting apples to Indonesia, marking a significant milestone in the country’s trade relations with Jakarta. The first shipment of Polish apples arrived as part of the “Garden of Europe” promotional campaign, an initiative co-funded by the European Union (EU) to boost fruit exports to international markets, including Indonesia.   Poland, known […]

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Philippines Enhances Onion Imports to Ensure Stable Supply and Foster Trade Growth

February 6, 2025

Jessica Jumaway

The Philippines has made strategic moves to ensure the stability of its onion supply while fostering trade growth, with Agriculture Secretary Francisco Tiu Laurel Jr. authorizing the importation of 3,000 metric tons of red onions and 1,000 metric tons of white onions. These shipments, expected to arrive within the next two weeks, will help maintain […]

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Vietnam’s Coffee Exports Reach Nearly $800 Million in January 2025, Showcasing Strong Trade Growth

February 6, 2025

Jessica Jumaway

Vietnam’s coffee export sector has started 2025 with impressive momentum, as the country exported 154,635 tonnes of coffee in January, generating a substantial $799.5 million in revenue. This performance highlights the country’s growing role as a key player in global trade, further solidifying its position in the international coffee market.   Green coffee exports, which […]

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U.S. Oil and Gas Traders Adapt to New Chinese Tariffs with Strategic Adjustments

February 6, 2025

Jessica Jumaway

As the global trade landscape continues to evolve, U.S. oil and gas traders are finding ways to adapt to the Chinese government’s new tariffs on U.S. crude oil and liquefied natural gas (LNG) imports, set to take effect on February 10. These tariffs, which include a 15% levy on U.S. LNG and coal imports, and […]

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Australia, Japan, Philippines, and the US Strengthen Maritime Cooperation to Support Global Trade

February 5, 2025

Jessica Jumaway

The United States Navy recently announced that defense forces from Australia, Japan, the Philippines, and the US will join forces for maritime activities within the Philippines’ exclusive economic zone on February 5. This joint initiative is focused on enhancing operational coordination and interoperability among the participating nations, reaffirming their commitment to regional maritime security.   […]

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Cook Islands Strengthens Trade Ties with China Through Upcoming Visit

February 5, 2025

Jessica Jumaway

The Prime Minister of the Cook Islands, Mark Brown, will make an important visit to China next week, marking the first trip by a leader from the South Pacific nation to China in a decade. Set to take place from February 10 to 14, the visit aims to enhance trade relations, foster economic growth, and […]

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