Posts Tagged ‘EconomicGrowth’

News, Thailand, Trade and Export

November 4, 2024

Thailand’s export sector is on track to reach an impressive 2% growth this year, according to the Thai National Shippers’ Council. With a targeted export value of $290 billion, Thailand’s trade outlook reflects the country’s strategic efforts to strengthen its role in the global market. Exports, which are a key contributor to Thailand’s economic health, […]

In an exciting development for the automotive trade landscape, a prominent Chinese electric vehicle manufacturer is preparing to launch its first hybrid vehicle, set to debut in 2026, exclusively in international markets. This strategic move is designed to enhance global market presence and respond to increasing demand for versatile vehicle options, while navigating the complexities […]

In an inspiring address at the World Trade Organization (WTO) headquarters in Geneva, European Council President Charles Michel called on the global community to embrace a path of strengthened trust, expanded trade, and institutional transformation to build a more inclusive and prosperous world. Delivered as part of the WTO’s Presidential Lecture Series on November 1, […]

Economic Development, News, Thailand

October 30, 2024

Thailand’s Finance Ministry projects a 3% economic growth rate for 2025, fueled by strong performances in private consumption, exports, investment, and tourism. As Southeast Asia’s second-largest economy, Thailand anticipates a robust influx of 39 million foreign tourists next year, an increase from the expected 36 million arrivals in 2024, reinforcing the nation’s tourism sector as […]

India, International Trade, News

October 28, 2024

As India embarks on an ambitious journey toward renewable energy, the country is strategically positioning itself to enhance its trade in critical minerals essential for this transition. The Institute for Energy Economics and Financial Analysis (IEEFA) has identified a tremendous opportunity for growth, highlighting the need for India to develop a well-formulated strategy to meet […]

Vietnam and the United Arab Emirates (UAE) have embarked on a new chapter in their trade relationship, finalizing a Comprehensive Economic Partnership Agreement (CEPA) that paves the way for increased cooperation and mutual growth. Signed by Vietnamese Prime Minister Pham Minh Chinh in Dubai, this agreement is Vietnam’s first free-trade agreement with a Middle Eastern […]

China, International Trade, News

October 25, 2024

The European Union and China are taking significant steps toward enhancing their trading relationship through continued technical negotiations on electric vehicles (EVs). Both parties are exploring innovative alternatives to the tariffs set to be imposed on China-made EVs, with the aim of fostering a more cooperative and beneficial trade environment.   In a recent video […]

British Finance Minister Rachel Reeves recently highlighted the enduring strength of the U.S.-UK trade relationship, emphasizing its importance for both nations. In an interview with Reuters during the International Monetary Fund (IMF) and World Bank annual meetings in Washington, Reeves expressed optimism about the future of trade between the two countries.   “The U.S. remains […]

Economic Development, Germany, News

October 24, 2024

Germany is taking a proactive step to bolster trade opportunities for developing economies and least-developed countries (LDCs) by pledging EUR 150,000 (approximately CHF 140,000) in 2024 to the Standards and Trade Development Facility (STDF). This initiative aims to strengthen sanitary and phytosanitary (SPS) capacities, enabling these nations to access global and regional markets more effectively. […]

Brazil, News, Trade Relations

October 24, 2024

G20 ministers gathered in Brasilia on October 24, 2024, to forge a progressive path forward for international trade, focusing on sustainable development and the vital role of women in the global economy. Brazil’s Vice President and Trade Minister, Geraldo Alckmin, proudly announced the agreement, underscoring the commitment to creating an inclusive trading environment that benefits […]

News, Switzerland, Trade Policy

October 24, 2024

An exciting opportunity is unfolding in Geneva, where 27 government officials from developing and least-developed countries are participating in the Advanced Trade Policy Course from October 14 to December 6. This eight-week program, organized by the WTO, aims to empower participants with essential knowledge of international trade and enhance their understanding of WTO agreements and […]

Kuwait, News, Sustainable Trade

October 22, 2024

Kuwait has taken a significant step toward promoting sustainable global trade by officially accepting the Agreement on Fisheries Subsidies. On October 22, Ambassador to the WTO, Nasser Abdullah Al-Hayen, presented the instrument of acceptance to Director-General Ngozi Okonjo-Iweala. This important milestone increases the total number of World Trade Organization (WTO) members who have embraced the […]

Agricultural Exports, News, Vietnam

October 22, 2024

In a remarkable achievement for the agricultural sector, Vietnam’s coffee exports have crossed the $5 billion mark for the first time during the 2023-2024 crop year, which lasted from October 1, 2023, to September 30, 2024. This milestone highlights the strength and potential of Vietnam’s coffee industry in the global market.   The Vietnam Coffee […]

Cambodia, Energy Trade, News

October 21, 2024

Cambodia is making significant strides in renewable energy by planning to import over 600 megawatts (MW) of clean power from its neighboring countries, including Laos, Vietnam, and Thailand. Energy Minister Keo Rottanak announced this exciting development, which represents a remarkable increase of more than 50% in the country’s contracted import capacity.   Starting in 2026, […]