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Japan Records Strong Current Account Surplus as Trade Returns to Positive Territory

November 8, 2023

Japan has reported its largest current account surplus in 18 months for September, thanks to a positive swing in the trade balance and significant gains from overseas investments, according to data from the Ministry of Finance (MOF). The current account surplus for September reached 2.72 trillion yen ($18.03 billion), slightly below the economists’ median […]

Improved Australia-China Relations Benefit Pacific Island Nations, Says PNG Minister

November 8, 2023

Pacific Island nations seeking closer economic ties with Beijing are expected to benefit from the recent improvement in relations between Australia and China, according to Papua New Guinea’s Minister for State, Justin Tkachenko. Tkachenko expressed satisfaction with Australia’s positive outcomes from Prime Minister Anthony Albanese’s recent visit to China, the first by an Australian leader […]

Indonesia Stock Exchange (IDX) Commences Carbon Trading Operations

November 8, 2023

In a significant move aligning with Indonesia’s proactive stance toward achieving ambitious emission reduction goals of 31.89 percent by 2030, the Indonesia Stock Exchange (IDX) officially launched carbon trading operations on September 26, 2023. This step follows the issuance of a carbon exchange license by the Financial Services Authority (OJK) on September 18, 2023, and […]

Switzerland Sets Year-End Deadline for Key Decision on EU Negotiations

November 8, 2023

Switzerland has made a significant step toward shaping its future relationship with the European Union, with plans to determine its negotiating position by the year’s end. The Swiss government revealed this intention on Wednesday as it proceeds with efforts to regulate its ties with the EU, its largest trading partner. Since April 2022, Bern […]

China Boosts U.S. Soybean Purchases, Offering Hope for American Farmers

November 7, 2023

In a positive turn of events for the most valuable U.S. farm export, China has recently made its largest single-day U.S. soybean purchases in at least three months, according to traders. This development comes as overseas sales of the 2023 harvest had been lagging behind the usual pace, raising concerns among U.S. farmers. Chinese […]

Mexico’s Automotive Sector Witnesses Strong Growth in October

November 7, 2023

In a promising development for Mexico’s automotive industry, recent data from the national statistics agency INEGI has revealed a substantial increase in both production and exports in the month of October compared to the previous year. Automotive production in Mexico surged impressively by 35.77%, reaching a total of 378,129 vehicles. Simultaneously, the country’s auto […]

Canada’s Trade Surplus Surges Beyond Expectations, Fueled by Energy Prices

November 7, 2023

Canada has seen its trade surplus with the world grow at a rate twice as high as anticipated in September, thanks to an increase in crude oil prices that boosted exports for the third consecutive month, according to recent data. Statistics Canada reported that in September, Canada’s trade surplus reached C$2.04 billion ($1.48 billion), […]

Accurate and Timely Food Market Information Crucial Amid Global Challenges

November 7, 2023

In a recent gathering of experts and stakeholders at the 24th session of the Agriculture Market Information System (AMIS) Global Food Market Information Group, held at the World Trade Organization (WTO) headquarters on November 6-7, the importance of accurate and timely information regarding international agriculture markets was emphasized. Keynote speaker Edwini Kessie, Director of the […]

Cuba Pursues Foreign Investment Despite U.S. Sanctions, Showcases Resilience

November 6, 2023

In a bold move to attract foreign investment and defy long-standing U.S. sanctions, Cuba recently hosted a business fair that saw participation from over 800 companies representing more than 60 countries. This event signals Cuba’s determination to engage with the global business community and counteract the economic challenges posed by the U.S. trade embargo and […]

China’s Imports Surprisingly Rise, Highlighting Fragile Recovery in Global Trade

November 6, 2023

China’s trade data for October has delivered a mixed picture, with imports unexpectedly increasing while exports contracted at a faster pace than anticipated. These figures underscore the challenges faced by the world’s second-largest economy, despite recent signs of improvement in domestic demand. While Beijing’s support measures have contributed to a tentative economic recovery, ongoing issues […]

Australian Prime Minister Albanese Retraces Historic Beijing Walk to Strengthen Trade Relations

November 6, 2023

In a bid to mend strained ties between Australia and China, Australian Prime Minister Anthony Albanese retraced the historic footsteps of the first Australian leader to visit China. His visit comes after several years of tensions between the two trading partners, including issues related to security concerns and the origin of COVID-19, which led to […]

WTO Concludes Trade and Gender Training Course for Geneva-Based Delegates

November 6, 2023

In an effort to promote gender inclusivity and a better understanding of the link between trade and gender issues, the World Trade Organization (WTO) recently completed a two-day training course for government officials from Geneva-based permanent missions. This unique training initiative aimed to equip delegates, including trade officials, counsellors, and ambassadors, with the knowledge and […]

U.S. Treasury Secretary Yellen and Chinese Vice Premier He to Forge Economic Dialogue Ahead of APEC Summit

November 6, 2023

In an effort to strengthen economic ties between the United States and China, U.S. Treasury Secretary Janet Yellen is scheduled to meet with Chinese Vice Premier He Lifeng in San Francisco this week. This meeting aims to foster a budding economic dialogue between the world’s two largest economies in anticipation of a U.S.-hosted summit of […]

U.S.-Africa Trade Program Extension Proposed by Senator Coons Garners Bipartisan Support

November 6, 2023

In a bipartisan effort to support trade relations between the United States and Africa, Democratic Senator Chris Coons has called for a 16-year extension of a trade program that grants qualifying African nations duty-free access to the U.S. market. Senator Coons, a prominent advocate for U.S.-Africa policy, believes that extending the program is vital for […]

China Announces Expanded Market Access at Annual Trade Fair Amid Criticism

November 4, 2023

Premier Li Qiang stated at the annual China International Import Expo that China will further broaden market access and boost imports. This announcement comes in the wake of criticism from European firms, which expressed the need for more tangible improvements in China’s business environment. During the opening ceremony of the expo, Li Qiang emphasized […]

Australian Prime Minister Albanese Emphasizes Dialogue and Cooperation During China Visit

November 4, 2023

Australian Prime Minister Anthony Albanese embarked on a historic visit to China, becoming the first Australian leader to do so in seven years. During his address at the annual China International Import Expo in Shanghai, Albanese emphasized the importance of a bilateral relationship marked by dialogue and cooperation, stating that it is “in all our […]

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