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Japan and Indonesia Strengthen Trade and Collaboration in Updated Agreement

January 25, 2024

Daisy

Indonesia, International Trade, Japan, News

0

Japan and Indonesia have reached an agreement to remove trade barriers and enhance cooperation across various sectors, as announced by Indonesia’s Foreign Minister Retno Marsudi.   This development follows a bilateral meeting between Japanese Prime Minister Fumio Kishida and Indonesian President Joko Widodo in Tokyo on December 16, 2023, during which the two leaders discussed […]

European Commission Releases New Guidelines to Enhance Transparency in Dual-Use Export Controls Reporting

January 25, 2024

Daisy

Europe, International Trade, News

0

The European Commission has taken a significant step in promoting transparency in dual-use export controls by publishing new Guidelines on data gathering and processing for export controls. This development follows the recent release of the Commission’s White Paper on export controls, which emphasizes the importance of fully implementing the EU’s dual-use regulation.   On January […]

Austria Boosts Developing Economies’ Trade Expertise with EUR 200,000 Contribution

January 25, 2024

Daisy

Australia, Europe, International Trade, News

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Austria has demonstrated its commitment to supporting developing economies’ engagement in international trade by contributing EUR 200,000 (approximately CHF 190,000) to the Global Trust Fund in 2024. This financial contribution is aimed at facilitating greater participation and expertise in global trade for developing nations. A significant portion of this funding will be directed towards the […]

Taiwan President-Elect Expresses Interest in Joining U.S.-Led Trade Framework

January 24, 2024

Daisy

International Trade, News, Taiwan, United States

0

Taiwan’s President-elect, Lai Ching-te, has conveyed his keenness for Taipei to become part of the U.S.-led Indo-Pacific Economic Framework, citing the island’s pivotal role in the global economy.   Taiwan was initially excluded from the Indo-Pacific Economic Framework by the United States in 2022, as part of the Biden administration’s efforts to counter what it […]

French President Macron to Grace India’s Republic Day; Focus on Strengthening Strategic Ties

January 24, 2024

Daisy

International Relations, News

0

French President Emmanuel Macron will be the chief guest at India’s Republic Day celebrations, underscoring the deepening ties between the two nations. The visit comes amid ongoing negotiations for significant defense deals, including the purchase of French fighter jets and submarines by the Indian military.   While the visit is expected to be ceremonial in […]

Portugal Contributes EUR 50,000 to WTO Fisheries Funding Mechanism

January 24, 2024

Daisy

International Relations, News, Portugal

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Portugal has demonstrated its commitment to supporting sustainable fisheries practices by donating EUR 50,000 (approximately CHF 48,000) to the WTO Fisheries Funding Mechanism. Ambassador Rui Macieira presented this contribution to WTO Director-General Ngozi Okonjo-Iweala on January 24.   Director-General Okonjo-Iweala expressed her gratitude for Portugal’s donation and emphasized the importance of collaborative efforts in promoting […]

Japan Experiences Robust 10% Surge in Exports Boosted by Auto Demand and Revived Trade with China

January 24, 2024

Daisy

China, International Trade, Japan, News

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In a positive turn of events, Japan’s exports witnessed a remarkable surge of nearly 10% in December compared to the previous year. This substantial growth was attributed to a revival in trade with China and a robust demand for vehicles, machinery, and computer chips.   Preliminary customs data released on Wednesday revealed a notable trade […]

EU Adapts Inspection Frequencies for Imported Food Products, Balancing Rigor and Compliance

January 24, 2024

Daisy

Europe, International Trade, News

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The European Commission has introduced changes to the frequency of inspections for various imported food products, signaling a nuanced approach to safety measures. The revised legislation, which governs official controls and special conditions for non-animal origin food and feed entering Europe, undergoes adjustments every six months.   Informed by data from the Rapid Alert System […]

South Korean Water Purifiers Break Export Records in 2023, Poised for Global Expansion

January 24, 2024

Daisy

International Trade, News, South Korea

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In a significant milestone, South Korean water purifiers achieved record-breaking exports in 2023, propelled by their exceptional quality, design, and service. With a growing global demand for clean and healthy water, Korean water purifiers are poised to accelerate their expansion into international markets.   Data from the Korea Trade-Investment Promotion Agency (KOTRA) revealed that South […]

German President and Business Delegation Seek Opportunities in Vietnam for Collaboration and Investment

January 23, 2024

Daisy

Germany, International Trade, News, Vietnam

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A prominent German business delegation, featuring key players in tunnel machines, wind farms, and industrial supplies, is accompanying President Frank-Walter Steinmeier on a visit to Vietnam starting Tuesday. This visit aligns with Berlin’s strategy to diversify economic ties, emphasizing Vietnam’s significance as a partner to broaden activities beyond China. German companies have already invested over […]

Vietnamese Seafood Poised for Success in Switzerland’s Growing Market

January 23, 2024

Daisy

Agricultural Trade, News, Switzerland, Vietnam

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Vietnamese businesses are encouraged to explore the promising potential of seafood exports to Switzerland, a key trade official has emphasized.   Nguyen Duc Thuong, the Commercial Counsellor at Vietnam Trade Office in Switzerland, highlighted the significant opportunity for Vietnamese seafood exporters in Switzerland, a landlocked country heavily reliant on seafood imports. Vietnam currently stands as […]

India Witnesses Surge in Electronics Exports Fueled by Smartphone Manufacturing Success

January 23, 2024

Daisy

India, News, Technology

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India is experiencing remarkable growth in electronics exports, primarily driven by increased production and exports from major smartphone manufacturers. According to data from the India Cellular and Electronics Association (ICEA), electronics exports from India reached a record high of over $20 billion in the first nine months of fiscal 2024 (April 2023 to March 2024), […]

European Commission Unveils Plans to Strengthen EU Economic Resilience

January 23, 2024

Daisy

Europe, News, Trade Policy

0

In an effort to bolster the economic resilience of the European Union, the European Commission is set to reveal comprehensive plans that highlight increased scrutiny of foreign investments and stricter controls on exports and technology outflows, with a particular focus on rivals like China. The EU executive will present an extensive document for discussion, accompanied […]

Guatemala Emerges as Potential Global Banana Export Leader, Surpassing the Philippines

January 23, 2024

Daisy

Agricultural Trade, News, Philippines

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  In a potential shake-up of global banana export rankings, preliminary findings from the United Nations’ Food and Agriculture Organization (FAO) indicate that Guatemala may have overtaken the Philippines in 2023. The Philippines, holding the second position for six consecutive years, faces a possible dip in its standing.   According to early data from the […]

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