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Amel International Services Limited Earns Nomination for Go Global Awards 2025

June 9, 2025

Jessica Jumaway

International Trade, News, Nigeria

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Amel International Services Limited, a proudly indigenous Nigerian company known for its commitment to quality and sustainability in food processing, has been officially nominated for the Go Global Awards 2025, set to take place on November 18–19, 2025 at One Great George Street, Westminster, London.   This prestigious recognition celebrates Amel’s outstanding growth, global trade reach, […]

China Strengthens Trade Outlook with Surge in Soybean Imports and Balanced Tariff Management

June 9, 2025

Jessica Jumaway

China, International Trade, News

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China’s international trade profile displayed encouraging signs of momentum in May 2025, as customs data revealed a substantial increase in soybean imports alongside stable export growth. This development signals continued resilience and adaptability in China’s trade strategies, including effective tariff management to support critical sectors.   Soybean imports soared to 13.92 million metric tons in […]

New Disputes Surface Ahead of U.S.-China Trade Talks in London, Highlighting Areas for Progress

June 8, 2025

Jessica Jumaway

China, International Trade, News, United States

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U.S.-China trade talks scheduled this week in London present a valuable opportunity to address a series of ongoing disputes that have shaped recent relations, with the aim of reinforcing the current tariff truce and promoting constructive dialogue.   Following the important 90-day suspension agreement reached in Geneva last month—temporarily pausing most tariffs exceeding 100%—both sides […]

Japan’s First Quarter GDP Contraction Narrows, Reflecting Consumption Resilience and Strategic Trade Outlook

June 8, 2025

Jessica Jumaway

International Trade, Japan, News

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Japan’s economy displayed encouraging signs in the first quarter of 2025, with revised government data showing a smaller contraction than initially reported. This improvement highlights steady domestic consumption and underscores Japan’s strategic approach amid evolving global trade dynamics.   According to updated figures from the Cabinet Office, Japan’s gross domestic product shrank at an annualized […]

Taiwan Official Explores New Energy Trade Opportunities During Alaska Visit

June 7, 2025

Jessica Jumaway

Energy Trade, News, Taiwan

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A senior official from Taiwan recently visited the site of a major natural gas development project in Alaska, signaling strengthened cooperation and growing trade prospects between Taiwan and the United States.   Pan Men-an, Secretary-General to Taiwan President Lai Ching-te, attended a high-level energy conference in Alaska upon the invitation of United States Secretary of […]

Why Benchmarking Against WEF, World Bank GIA, and IMD – Undermines Rigorous ISIC Studies

June 6, 2025

master

ISIC

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Why Benchmarking Against WEF, World Bank GIA, and IMD – Undermines Rigorous ISIC Studies

In our recent dealings with a prominent Middle Eastern consulting firm, we encountered a bewildering “benchmark requirement” that was purportedly designed to ensure top‐quality industry classification. The brief required consultants to base their entire ISIC‐code benchmarking exercise on “standards” from the following institutions: The World Economic Forum (WEF) The World Bank Group – Global Indicators […]

South Korea and U.S. Commit to Accelerating Tariff Agreement for Stronger Trade Ties

June 6, 2025

Jessica Jumaway

News, South Korea, Trade Agreements, United States

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South Korea’s newly elected President Lee Jae-myung and U.S. President Donald Trump have agreed to work toward a timely and mutually beneficial tariff agreement, reflecting both nations’ commitment to strengthening bilateral trade and economic collaboration.   In their first official phone call following President Lee’s election, the two leaders expressed a shared vision for reaching […]

The Evolution of ISIC Revision 5 and Its Implications for Data Accuracy

June 5, 2025

Kristan

ISIC

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The Evolution of ISIC Revision 5 and Its Implications for Data Accuracy

The way we classify economic activity isn’t static. ISIC, the International Standard Industrial Classification, sits quietly behind almost every international economic comparison, but its role is more fundamental than many realize. In January 2024, ISIC entered its fifth official revision. If you spend your days navigating sectoral data, you’ll already be feeling the effects—or at […]

New Labor Agreements Secure Stability for Canadian Rail, Boosting International Trade

June 5, 2025

Jessica Jumaway

Canada, International Trade, News

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Canada’s rail transport sector is set for enhanced stability following the successful conclusion of new labor agreements with two key rail unions. These multi-year contracts, effective from January 1, 2024, to December 31, 2027, were established through arbitration and mark a significant step forward in ensuring uninterrupted rail service—an essential component of cross-border and global […]

Global Trade Adapts to Rare Earth Export Shifts as Industry Looks to Diversify

June 4, 2025

Jessica Jumaway

China, Global Trade, News, Trade and Export

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China’s recent adjustments to rare earth exports are reshaping global supply chains, prompting businesses and trade leaders to explore diversification strategies and strengthen supply resilience across the automotive and manufacturing sectors.   Rare earth minerals—essential to electric vehicle motors, semiconductors, renewable energy technologies, and more—have long been central to global industry. China’s move in April […]

U.S. Enhances Export Oversight to Strengthen Strategic Trade Relations

June 4, 2025

Jessica Jumaway

International Trade, News, United States

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 In a move aimed at reinforcing responsible global trade practices, Energy Transfer announced that it received a letter from the U.S. government requiring a license for ethane exports to China. The company is proactively working to secure emergency authorization to continue its shipments, highlighting its commitment to compliance and partnership in international trade.   This […]

Vietnam’s Export Growth Accelerates in May, Trade Surplus Strengthens

June 4, 2025

Jessica Jumaway

News, Trade, Vietnam

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Vietnam’s export sector continues to demonstrate strong momentum, with May exports rising 14% year-over-year, according to the latest government data. This robust growth contributed to a significant trade surplus of $4.67 billion for the month, underscoring Vietnam’s expanding role in global trade.   The export surge reflects efforts by Vietnamese firms to optimize shipments ahead […]

US and India Progress Toward Trade Agreement as Bilateral Talks Continue

June 3, 2025

Jessica Jumaway

India, News, Trade Agreements, United States

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The United States and India are making steady progress toward finalizing a major trade agreement that could significantly enhance economic cooperation between the two nations. Speaking at the US India Strategic Partnership Forum in Washington, the US Commerce Secretary shared optimism that a mutually beneficial deal may be reached soon.   Ongoing negotiations focus on […]

Vietnam’s Auto Market Recovery Accelerates, Unlocking Opportunities for Thai Exporters

June 3, 2025

Jessica Jumaway

News, Trade and Export, Vietnam

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Vietnam’s automotive sector is regaining momentum in early 2025, with rising vehicle sales and growing consumer confidence setting the stage for greater trade engagement. According to the Department of International Trade Promotion (DITP) through its Office of Commercial Affairs in Hanoi, the Vietnamese auto market is showing clear signs of recovery, offering promising export prospects—particularly […]

India and EU Accelerate Trade Talks with Nearly Half of Agreement Chapters Finalized

June 3, 2025

Jessica Jumaway

India, News, Trade Agreements

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In a promising step toward strengthening global trade ties, India and the European Union have reached consensus on nearly half of the chapters under negotiation for a comprehensive free trade agreement. This progress signals renewed optimism that the two economic powerhouses may finalize the deal by the end of the year.   Negotiators have already […]

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