News

World Trade Organization Members Advance Sustainability Goals and Set Ambitious Trade Agenda for 2026

December 5, 2024

Jessica Jumaway

Members of the World Trade Organization gathered to reflect on their substantial progress in promoting trade and environmental sustainability, looking ahead to the 14th Ministerial Conference in 2026. The meeting marked a key moment as the Philippines became the 78th co-sponsor of the Trade and Environmental Sustainability Structured Discussions initiative, strengthening the global commitment to […]

READ MORE

Azerbaijan-Kazakhstan Trade Flourishes with 38.7% Growth in 2024

December 5, 2024

Jessica Jumaway

The trade partnership between Azerbaijan and Kazakhstan reached a remarkable milestone in 2024, with a bilateral trade turnover of $393.8 million from January to October, reflecting an impressive 38.7% growth compared to the previous year. This surge underscores the strong and growing economic collaboration between the two nations.   Azerbaijan’s exports to Kazakhstan rose by […]

READ MORE

Unlock Investment Opportunities at the India Retail Investors Expo 2024!

December 4, 2024

Onyx

Mark your calendars for December 28–29, 2024 and get ready to explore the future of investing at the HITEX Exhibition Center, Hyderabad. The India Retail Investors Expo (IRIE) 2024 is South India’s premier platform designed to empower retail investors with the tools, knowledge, and connections needed to make informed financial decisions.   This year’s theme focuses […]

READ MORE

South Korea Targets $15 Billion in Energy Exports by 2030

December 4, 2024

Jessica Jumaway

South Korea is ramping up its efforts to expand its presence in the global energy infrastructure market. The government has launched a new initiative aimed at boosting the country’s energy exports, particularly in the areas of power generation, transmission, and distribution.   With growing global demand for energy infrastructure, driven by technological advancements and the […]

READ MORE

Poland and Vietnam Open New Chapter in Trade with Blueberry Export Agreement

December 4, 2024

Jessica Jumaway

Poland and Vietnam have taken a significant step forward in strengthening their trade relationship by finalizing an agreement on the phytosanitary requirements for highbush blueberry exports. This landmark arrangement paves the way for Poland to begin exporting its premium blueberries to Vietnam, with shipments anticipated to commence from the 2025 production season.   This development […]

READ MORE

China Eastern Airlines Fuels Chilean Cherry Export Boom, Strengthens Trade Ties with China

December 4, 2024

Jessica Jumaway

The strong partnership between Chile and China continues to thrive, with China Eastern Airlines at the forefront of facilitating agricultural trade. During the Chile Week event in Beijing, the growing demand for Chilean cherries in China took center stage, highlighting a remarkable success story in global trade.   In 2023, Chile’s forestry and agricultural exports […]

READ MORE

Kazakhstan Strengthens Global Trade Role with Expanded Oil Exports

December 4, 2024

Jessica Jumaway

Kazakhstan is solidifying its position as a vital energy partner for the European Union, exporting over 70% of its oil to EU countries. As the bloc’s third-largest non-OPEC oil supplier, the nation is scaling up efforts to meet growing demand and strengthen its presence in international trade.   Energy Minister Almasadam Satkaliyev announced plans to […]

READ MORE

Vietnam’s Seafood Exports Propel Global Trade Growth

December 4, 2024

Jessica Jumaway

Vietnam’s seafood industry continues to make waves in international trade, with exports reaching $924 million in November—a remarkable 17% increase year-on-year. With total earnings over the first 11 months of 2024 nearing $9.2 billion, the sector is on course to achieve its ambitious $10 billion export target by year-end, according to the Vietnam Association of […]

READ MORE

China’s Auto Exports Surge by 47.4% in January

December 3, 2024

Daisy

In an impressive display of growth, China’s automobile exports experienced a substantial increase of 47.4% year-on-year in January of this year, according to industry data released by the China Association of Automobile Manufacturers.   During the period, a total of 443,000 vehicles were exported, showcasing China’s robust performance in the global automotive market. Among these […]

READ MORE

Mexico Surpasses China as Top Source of US Imports

December 3, 2024

Daisy

In a significant shift, Mexico has emerged as the leading source of goods imported to the United States, surpassing China for the first time in over two decades. This trend underscores evolving dynamics in global trade relations, influenced by tensions between Washington and Beijing and a growing preference for sourcing from countries closer to home. […]

READ MORE

US Export Credit Agency Supports Oil and Gas Drilling in Bahrain Despite Biden’s Climate Pledge

December 3, 2024

Daisy

A US export credit agency is moving forward with plans to back the drilling of over 450 new oil and gas wells in Bahrain, despite President Biden’s commitment to climate action. The agency’s board recently voted to notify Congress about the potential investment, a necessary step for projects exceeding $100 million. Observers anticipate that financing […]

READ MORE

South Korea’s Exports Surge in January, Fueled by Chip Sales and China Rebound

December 3, 2024

Daisy

South Korea’s trade-reliant economy started 2024 on a positive note as exports rose for the fourth consecutive month. The surge in sales to China and the significant increase in chip shipments, the largest in six years, contributed to this boost.   January’s trade data indicated the favorable momentum, complemented by a national factory activity survey […]

READ MORE

Indonesia’s Economy Records Resilient 5% Growth in Q4

December 3, 2024

Daisy

In the final quarter of the year, Indonesia’s economy demonstrated remarkable resilience, with a robust growth rate of 5.0% compared to the previous year. This encouraging performance was underpinned by strong domestic consumption, even in the face of challenges such as shrinking exports and declining commodity prices. These insights emerge from a recent Reuters poll […]

READ MORE

Qatar Announces $1.3 Billion Investment in UK Climate Technology, Boosting Trade and Economic Growth

December 3, 2024

Jessica Jumaway

Qatar is making a landmark investment of £1 billion ($1.3 billion) in the United Kingdom’s climate technology sector, marking a significant step in strengthening trade relations and supporting sustainable growth. This move comes as part of Qatar’s broader strategy to foster innovation in green technologies, aligning with the UK’s goals for a more sustainable energy […]

READ MORE

Georgia’s Kiwi Exports to Japan Surge by 69%, Boosting Trade Relations

December 3, 2024

Jessica Jumaway

Georgia’s agricultural sector is seeing impressive growth, particularly in its kiwi exports to Japan. In the first 10 months of 2024, the country exported 264 tons of kiwi to Japan, marking a 69% increase compared to the entire year of 2023. This surge in exports positions Georgia among the top four kiwi suppliers to Japan, […]

READ MORE

Poland Strengthens Global Trade Ties with Leading Apple Exports to Egypt

December 3, 2024

Jessica Jumaway

Poland has solidified its position as a global leader in apple exports, with significant contributions to Egypt’s growing demand for high-quality European produce. During the 2022/2023 season, Egypt imported 158,754 tons of apples from Europe, valued at €71.785 million. Of this, Poland accounted for 37.7% of the value, exporting 76,907 tons worth €31.819 million.   […]

READ MORE