The rapid evolution of digital infrastructure has pushed cloud computing from a specialist niche into the core of global business operations. As organizations in every sector migrate to the cloud, policymakers and economists face a new challenge: how to measure, compare, and anticipate the growth of this still-maturing industry. The International Standard Industrial Classification (ISIC) […]
In a significant development, the United States is set to resume importing beef from Paraguay after a hiatus lasting a quarter of a century. This eagerly awaited decision was announced by the U.S. embassy in Paraguay on Thursday, following an extensive regulatory review process. President Santiago Pena hailed this milestone as a momentous occasion, […]
In a significant move, the World Trade Organization (WTO) is gearing up to emphasize the pivotal role of trade policies in combating climate change at the upcoming UN COP28 Climate Change Conference in Dubai, scheduled from November 30 to December 12. A dedicated portal has been launched to provide information about the WTO’s involvement in […]
The European Commission is actively pursuing an agreement with the United States regarding steel and aluminum trade, with the goal of ending U.S. import tariffs on these metals by the close of the year. Commission Vice President Vera Jourova made this announcement, underscoring the European Union’s determination to find a resolution. Negotiations between U.S. […]
In a significant development, Taiwan and Britain have inked an Enhanced Trade Partnership, signaling their intent to deepen economic cooperation. The move is poised to fortify Taiwan’s position in global trade and enhance its diplomatic relationships with European nations. Taiwan places great importance on its alliance with Britain, despite the absence of formal diplomatic […]
Several Canadian, German, and Australian mining companies are aiming to secure premium prices for critical metals, such as rare earths, used in electric vehicles (EVs) and renewable energy sources. Their goal is to offer alternatives to China, which currently dominates the production and pricing of these vital minerals. China’s control over 95% of rare […]
A bipartisan group of U.S. lawmakers is urging the Biden administration to raise tariffs on Chinese-made vehicles and explore measures to prevent Chinese firms from exporting vehicles to the United States through Mexico. In a letter addressed to U.S. Trade Representative Katherine Tai, Representative Mike Gallagher, a Republican who chairs a select committee on China, […]
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 […]
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 […]
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 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 […]
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 […]
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 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), […]
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 […]
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 […]