The introduction of the US “Right to Repair” Act in August 2022 has sparked a significant shift in the practices of electronics manufacturers regarding the transparency of spare-parts availability. Although the proposed legislation has yet to be enacted at the federal level, its influence is already visible across various sectors. The Act aims to require […]
In a surprising turn of events, German industrial orders experienced a significant upswing in December, marking the most substantial month-on-month increase in over three years. The surge, fueled by a remarkable influx of aircraft orders, was reported by the federal statistics office on Tuesday. Orders soared by 8.9% compared to the previous month, after […]
The World Trade Organization (WTO) recently convened to discuss ongoing initiatives aimed at promoting trade and development worldwide. The upcoming Aid for Trade Global Review, scheduled for June 26 to 28, will focus on integrating trade into development strategies under the theme of “Mainstreaming Trade”. The biennial Global Review serves as a critical platform […]
Recent data from the Department of Agriculture’s Bureau of Plant Industry (DA-BPI) reveals an uptick in rice imports in the Philippines during January 2024. According to reports, inbound shipments of rice reached 268,006 metric tons (MT) by January 25, marking a 6.15% increase compared to the same period last year. Despite this growth, the […]
China has kicked off the new year with a surge in imports across major commodities, indicating a robust beginning amid economic caution surrounding the Lunar New Year holidays. Despite the upcoming Lunar New Year falling in February this year, traders and end-users seem to have accelerated purchases in January. The week-long holidays, from Feb. […]
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 […]
The forthcoming Global Review of Aid for Trade, slated for 26 to 28 June at the WTO, will spotlight the theme of “Mainstreaming Trade,” announced during a recent Committee on Trade and Development meeting. This biennial event serves as a pivotal platform to address the needs of developing economies and least developed countries (LDCs) in […]
In a bid to address soaring prices and ensure market stability, the Bangladesh government has authorized the import of 34,000 tons of potatoes from India. This strategic move has already led to a significant reduction in retail prices, with costs dropping from Taka 40-45 to Taka 25-30 per kg. Anticipating the upcoming Ramadan season, 49 […]
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’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 […]
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 […]
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 […]
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, […]
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. […]
A Turkish delegation, led by Tayfun Kilic, Deputy Director General of the Turkish Ministry of Trade, along with key industry representatives, embarked on an inaugural visit to the China Chamber of Commerce for Import and Export of Foodstuffs, Native Produce, and Animal By-Products on January 29th. During this visit, the two sides engaged in […]
In a recent report published by the Central Agency for Public Mobilization and Statistics in Egypt, a substantial surge in Egyptian exports to Libya during the first 11 months of 2023 has come to light, indicating a promising trend in bilateral trade. According to the report, Egyptian exports to Libya reached an impressive total […]