Since the EU’s new Battery Regulation took effect in February 2023, battery manufacturers across the bloc have been navigating a complex landscape of compliance demands, technical challenges, and evolving market expectations. The regulation, ambitious in scope, aims to impose strict sustainability and transparency standards on the entire lifecycle of batteries, from raw material extraction through […]
In a bid to strengthen economic partnerships, Maldivian President Mohamed Muizzu is fostering ties with China, marking a notable shift away from traditional ally India. The “Invest Maldives” forum held in Fuzhou, a key city on China’s maritime Silk Road, showcased the President’s commitment to bolstering bilateral relations. President Muizzu, who assumed office in […]
In a significant milestone for global trade, members of the World Trade Organization (WTO) reached a consensus on January 9, 2024, regarding the terms of Comoros’ WTO membership. The agreement, achieved ad referendum, marks a crucial step toward the formal adoption of Comoros as the newest member of the organization. This achievement positions Comoros as […]
The United Kingdom and India remain committed to pursuing a comprehensive and ambitious Free Trade Agreement (FTA), as confirmed by an official statement. The two nations are gearing up for the 14th round of negotiations, scheduled to commence this week, with a focus on intricate matters concerning goods, services, and investment. Several critical topics […]
In a recent development, the Department of Trade and Industry (DTI) has issued a reminder to local exporters of dairy products, urging them to familiarize themselves with Australia’s updated regulations to ensure compliance and sustained market access. According to the advisory, Australia revised its import regulations for dairy in November of the previous year. Notably, […]
In a promising development for Vietnamese agriculture, the Department of Agriculture is actively working towards expanding the export of agricultural products, particularly fruits and vegetables, to the Chinese market. Several protocols have been signed between Vietnam and China, paving the way for increased official exports of various produce. At the close of 2023, Vietnam […]
In a positive turn of events, U.S. container imports exhibited a nearly 10% increase in December compared to the same month the previous year, signaling a robust finish to 2023, according to the latest Global Shipping Report by Descartes Systems Group. The report indicated that import volumes continued to outpace pre-pandemic levels through the peak […]
In a surprising turn of events, Germany experienced a substantial surge in exports during November, outperforming expectations and offering a glimmer of hope for the country’s international trade sector. According to data released by the federal statistics office on Monday, German exports saw a notable increase of 3.7% compared to the previous month, significantly surpassing […]
Indian Prime Minister Narendra Modi is gearing up to showcase his home state, Gujarat, as a prime investment destination during the Vibrant Gujarat Global Summit scheduled from Jan. 10-12. This high-profile event marks one of Modi’s final endeavors to attract both domestic and foreign investors before facing re-election. The summit is anticipated to host a […]
In a strategic move, the Department of Agriculture (DA) has announced its ambitious plans to enhance and diversify the export of agricultural products to Japan, aiming to capitalize on opportunities for growth in the Japanese market. Agriculture Secretary Francisco Tiu Laurel, Jr. highlighted the intent to boost shipments of a variety of agricultural goods, […]
In a remarkable achievement, South Korea’s exports of the beloved Korean instant noodles, known as ramyeon, soared to an unprecedented high, hitting nearly $1 billion (1.31 trillion won) in 2023, as per government data and industry sources. The Korea Customs Service reported a substantial annual increase, with ramyeon exports reaching $952 million last year, […]
In a promising outlook for Brazil’s automotive sector, the local industry group ABVE announced on Friday that sales of fully electric and hybrid vehicles are poised to grow by a substantial 60% in 2024 compared to the previous year. Representing key players in the electric automobile market, including Chinese giants BYD and Great Wall […]
In a landmark move, the U.S. Food and Drug Administration (FDA) has granted Florida the green light to directly import prescription drugs from Canada, marking the state as the first to gain approval for a strategy aimed at potentially reducing medication prices. The decision comes as a response to the considerable cost disparity between drug […]
In a significant development, the U.S. Department of Commerce proudly announced a remarkable milestone, surpassing $200 billion in client-verified foreign direct investment (FDI). This achievement, facilitated by the SelectUSA program within the International Trade Administration, signifies a substantial contribution to the U.S. economy, supporting over 200,000 jobs across the nation and its territories since the […]
In a recent announcement, Trade Ministry official Syailendra revealed that Indonesia successfully met its domestic palm oil sales obligation for the year 2023, reaching a notable 3.26 million metric tons. This accomplishment was complemented by the issuance of export permits totaling 25.2 million tons. Syailendra further disclosed that, out of the granted permits, approximately […]
In a remarkable achievement, Norway’s seafood exports marked a historic milestone, reaching a record NOK 172 billion ( £13 billion) for the past year. The figures, released by the Norwegian Seafood Council, revealed a notable increase of NOK 20.7 billion (almost £1.6 billion), representing a substantial 14% growth compared to 2022. Seafood continues to […]