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Regional Workshop in Kuwait Highlights Synergy Between Trade and Public Health

December 14, 2023

Daisy

Economic Development, Kuwait, News

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The Regional Trade and Public Health Workshop held in Kuwait from December 10 to 14 brought together 28 senior officials specializing in health, intellectual property, and trade from WTO Arab and Middle East member countries and the Gulf Cooperation Council (GCC). The workshop, hosted by the International Monetary Fund Middle East Center for Economics and […]

WTO and IFC Collaborative Publication Highlights the Urgency to Boost Trade Finance in the Mekong Region

December 13, 2023

Daisy

International Trade, News

0

On December 13, the Director-General of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, and the Managing Director of the International Finance Corporation (IFC), Makhtar Diop, unveiled a jointly published report titled “Trade Finance in the Mekong Region.” The report underscores the critical need to expand trade finance in the Mekong-3 countries, namely Cambodia, Lao People’s […]

EU’s DG Trade Enhances Online Support for Service Exporters

December 13, 2023

Daisy

Europe, News, Trade Policy

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The Directorate-General for Trade (DG Trade) of the European Union (EU) has announced a significant expansion of its online Trade Assistant for Services and Investment. This expansion now encompasses a hundred service sectors and includes four key trading partners of the EU: Canada, Japan, Switzerland, and the United Kingdom.   EU-based businesses can now access […]

The Importance of Keeping Digital Trade Open: Promoting Inclusion and Growth

December 13, 2023

Daisy

Digital Trade, News

0

In today’s global economy, digital trade has taken on an increasingly significant role. From software sales to streaming services, it has become a driving force behind economic growth. However, while digital trade offers immense potential, many developing countries are struggling to fully participate in this transformative landscape. This calls for policy reforms that prioritize inclusion, […]

World Bank Adjusts Thailand’s Growth Projections to 2.5% in 2023 and 3.2% in 2024

December 13, 2023

Daisy

Economic Development, News, Thailand

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The World Bank has revised its economic growth outlook for Thailand, projecting a growth rate of 2.5% for the year 2023, with expectations of an acceleration to 3.2% in 2024. This adjustment comes amid a recovery in tourism, robust exports, and sustained private consumption.   The growth forecasts for both 2023 and 2024 have been […]

U.S. Deputy National Security Advisor Discusses Economy and Investment in Argentina

December 13, 2023

Daisy

Argentina, Economic Relations, News, United States

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In a move to strengthen ties and collaboration between the United States and Argentina, Deputy National Security Advisor Mike Pyle held discussions with senior members of the administration of Argentine President Javier Milei. The talks focused on Argentina’s economic plans and opportunities for U.S. investment in the South American nation.   During his visit to […]

WTO Members Extend Congratulations to Bhutan for Graduating from LDC Status

December 13, 2023

Daisy

Economic Development, News

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The Sub-Committee on Least Developed Countries (LDCs) convened on December 13, where World Trade Organization (WTO) members celebrated Bhutan’s commitment to reinvigorate negotiations for WTO accession and extended their heartfelt congratulations on Bhutan’s graduation from Least Developed Country (LDC) status. During the meeting, the United Nations Committee for Development Policy provided an update on the […]

Indonesia’s Forward-Thinking Tax Incentives Spark Surge in Electric Vehicle Investment

December 13, 2023

Daisy

Indonesia, News, Sustainability

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In a strategic move to bolster investments in the electric vehicle (EV) sector, Indonesia has introduced a range of tax incentives, unveiling its commitment to becoming a significant player in the global EV market. The recent presidential regulation, signed on December 8 and made public this week, is a signal of Jakarta’s proactive approach to […]

Trading Houses Assist Venezuela in Replenishing Fuel Stocks Under U.S. License

December 12, 2023

Daisy

News, Trade Policy, United States

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In the wake of the U.S. easing of oil sanctions on Venezuela in October, trading houses that initially became purchasers of Venezuelan crude have transitioned to supplying the state-owned company PDVSA with motor fuels and diluents for heavy oil production, as revealed by documents and data.   As Venezuela gears up for a presidential election […]

U.S. Congressional Committee Unveils 2024 Legislative Agenda for Balancing Economic Ties with China

December 12, 2023

Daisy

China, News, Trade Policy, United States

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In a bipartisan effort, a U.S. congressional committee has issued an extensive set of recommendations aimed at reshaping America’s economic relationship with China. These legislative proposals for 2024 are intended to prevent the United States from becoming overly dependent on its primary geopolitical rival and to safeguard its economic interests.   The comprehensive recommendations put […]

Brazil Secures $10 Billion in Funding from Banks for South American Integration Projects

December 12, 2023

Daisy

Brazil, News, Trade Policy

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In a significant move aimed at advancing South American integration and enhancing trade while reducing transportation time to Asia, the Brazilian government has successfully orchestrated the raising of $10 billion from multilateral and development banks for infrastructure projects.   The Brazilian development bank, BNDES, is set to contribute $3 billion to this endeavor, primarily for […]

Chile Formally Embraces Fisheries Subsidies Agreement, Boosting Global Conservation Efforts

December 12, 2023

Daisy

Chile, News, Trade Policy

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Chile has taken a significant step in the realm of international trade and environmental conservation by formally accepting the Agreement on Fisheries Subsidies. On December 12th, Chile’s Undersecretary of International Economic Relations, Claudia Sanhueza Riveros, presented the instrument of acceptance to Director-General Ngozi Okonjo-Iweala at the World Trade Organization (WTO).   Director-General Okonjo-Iweala welcomed Chile’s […]

WTO Deputy Director-General Emphasizes Role in Combating Illegal Food Trade

December 11, 2023

Daisy

International Trade, News

0

In a recent virtual agriculture symposium titled “Illicit Trade in Food and Food Fraud,” Deputy Director-General of the World Trade Organization (WTO), Jean-Marie Paugam, highlighted the crucial role of WTO rules in addressing the issue of illegal food trade. Paugam emphasized that the WTO’s rulebook provides a legal framework for international food trade, making it […]

China’s President Xi Jinping Visits Vietnam to Strengthen Economic Ties

December 11, 2023

Daisy

Bilateral Trade Relation, China, News, Vietnam

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Chinese President Xi Jinping has embarked on a two-day visit to Vietnam, seeking to bolster economic relations between the two nations. This visit follows U.S. President Joe Biden’s recent trip to Hanoi, highlighting the competition for influence in Southeast Asia between the world’s two major powers.   Xi’s visit, his first in six years, has […]

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