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China Strengthens NEV Industry Amidst Global Trade Scrutiny

February 6, 2024

Daisy

China, Global Trade, News

0

In response to recent global trade regulations and inquiries, the Ministry of Commerce has unveiled proactive measures to bolster the new energy vehicle (NEV) sector. Emphasizing collaboration with international partners, the guidelines aim to enhance global cooperation while navigating challenges such as ongoing investigations into subsidies for the NEV industry.   Encouraging NEV manufacturers to […]

Agro-Forestry-Fishery Exports in January See Impressive 80% Surge

February 5, 2024

Daisy

Agricultural Trade, News

0

Vietnam’s agro-forestry-fishery exports have kicked off the year on a remarkable note, with January witnessing an outstanding 80% increase in exports compared to the same month last year. According to the Ministry of Agriculture and Rural Development (MARD), the total export value in January reached $5.14 billion, while imports amounted to $3.72 billion, resulting in […]

Ukraine Urges Government to Safeguard Access to EU Market for Agricultural Exports

February 5, 2024

Daisy

Europe, International Trade, News, Ukrain

0

Ukraine’s agricultural unions are urging their government to take all necessary steps to safeguard their unhindered access to the European market for their food products, according to a statement by the UCAB association on Monday.   In a recent announcement, the European Commission extended the suspension of import duties on Ukrainian exports, which was initially […]

Taiwan Assures Minimal Impact from Red Sea Disruptions on Trade

February 5, 2024

Daisy

International Trade, News, Taiwan

0

Taiwanese companies appear to be weathering the disruptions in the Red Sea’s crucial shipping lane without significant impact, as these disturbances coincide with the traditional low season in export demand, according to Economy Minister Wang Mei-hua’s statement on Monday.   The Red Sea route has seen certain shipping companies suspending transit to avoid potential attacks […]

EU Emphasizes Support for Solar Industry Amid Import Concerns

February 5, 2024

Daisy

Europe, News, Renewable Energy

0

The European Union is prioritizing its ambitious solar power targets as it assesses potential measures to address imports of photovoltaic panels, wafers, and related components, according to a senior EU official’s statement on Monday.   European Commissioner Mairead McGuinness emphasized that the EU is actively developing a comprehensive toolkit to bolster the solar industry, considering […]

UK Minister Engages with U.S. Officials to Promote Northern Ireland’s Renewed Government and Economic Opportunities

February 5, 2024

Daisy

News, United Kingdom, United States

0

Chris Heaton-Harris, the British minister for Northern Ireland, is set to journey to Washington to hold discussions with U.S. lawmakers regarding the reinstatement of the province’s devolved government. In addition to addressing this pivotal development, he will also highlight the economic potential of Northern Ireland, as stated by his department on Tuesday.   Northern Ireland, […]

Japan Continues Subsidies to Boost Memory Chip Production

February 5, 2024

Daisy

Japan, News, Technology

0

The Japanese Ministry of Industry announced on Tuesday its intention to extend subsidies amounting to 242.9 billion yen ($1.64 billion) to support efforts to expand memory chip production in Mie and Iwate prefectures.   This financial support serves as a lifeline for companies facing challenges due to a downturn in the NAND flash chip market. […]

Thailand and Sri Lanka Forge Strategic Trade Alliance to Fuel Economic Recovery

February 3, 2024

Daisy

News, Sri Lanka, Thailand, Trade Agreements

0

In a significant move aimed at revitalizing their economies, Thailand and Sri Lanka have sealed a Free Trade Agreement (FTA). Sri Lanka, grappling with its most severe financial crisis in decades, hopes this strategic partnership will be a lifeline for its economy.   With the World Bank estimating a contraction of 3.8% in Sri Lanka’s […]

Tajikistan Boosts Potato and Fruit Imports to Enhance Variety and Availability

February 1, 2024

Daisy

Agricultural Trade, News

0

In the year 2023, Tajikistan witnessed a notable increase in the import of potatoes and fruits, despite reports from the Committee on Food Security indicating a rise in domestic production of these agricultural products.   Tajikistan celebrated a record-breaking fruit harvest of approximately 665,000 tons, which represented a substantial 30% growth compared to the previous […]

Japanese Crude Oil Imports Maintain Steady Supply from Saudi Arabia

February 1, 2024

Daisy

Energy Trade, Japan, News, Saudi Arabia

0

Japan has consistently maintained a substantial share of its crude oil imports from Saudi Arabia, accounting for about 44 percent of its total oil requirements, totaling approximately 36.28 million barrels. This information, sourced from the Agency of Natural Resources and Energy within the Ministry of Economy, Trade and Industry, underscores Saudi Arabia’s reliability as a […]

China’s Factory Activity Expands in January, Boosted by Export Orders

January 31, 2024

Daisy

China, Economic Development, News

0

In a recent private-sector survey, it was revealed that China’s factory activity experienced growth in January. This expansion was attributed to stable output, improved logistics efficiency, and the first uptick in new export orders since June. Consequently, business confidence reached a nine-month high.   The positive results, however, contrasted with an official survey from the […]

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