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Posts Tagged ‘EconomicGrowth’

Germany Invests EUR 150,000 to Enhance Trade Opportunities for Developing Economies

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. […]

G20 Ministers Embrace Sustainable Trade and Women’s Empowerment in Global Economy

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 […]

WTO Advanced Trade Policy Course Underway in Geneva

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 […]

Panama’s Exports Surge by 7%, Targeting $1.25 Billion by Year-End

International Trade and Economics, News, Panama

October 22, 2024

Panama is experiencing a promising upward trend in its export sector, reporting a notable 7% increase from January to October 2024 compared to the same period last year. The Ministry of Commerce and Industry (MICI) is optimistic that total export values will surpass $1.25 billion by year-end, reflecting a robust 5% growth from 2023. Eric […]

Kuwait Advances Global Trade Sustainability by Accepting Fisheries Subsidies Agreement

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 […]

Vietnam’s Coffee Exports Surpass $5 Billion for the First Time

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 Expands Clean Power Imports from Neighboring Countries

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, […]

Arif Esa Represents moneyIN Morocco for Founder of the Year Award at Global Startup Awards Africa 2024

October 21, 2024

Arif Esa, Deputy Chairman of the International Trade Council Banking and Trade Finance, has been nominated to represent moneyIN Morocco in the prestigious Global Startup Awards Africa 2024 competition for the Founder of the Year Award. This recognition underscores Esa’s innovative contributions to the financial technology sector through moneyIN Morocco. As moneyIN Morocco advances […]

South Korea’s Economy Set for Growth in Quarter 3 Driven by Strong Exports

Economic Development, News, South Korea

October 21, 2024

Recent forecasts suggest that South Korea’s economy is on track for a positive turnaround in the third quarter, fueled by robust export performance. Following a mild contraction in the previous quarter, the country is expected to see a seasonally adjusted growth of 0.5% for July to September. This marks a significant rebound and underscores the […]

Qatar’s Emir Visits Berlin to Strengthen Economic Ties

Economic Relations, News, Qatar

October 21, 2024

A delegation from Qatar is set to visit Berlin for high-level discussions focused on enhancing economic cooperation and diplomatic relations. The meeting, taking place at a prominent venue, highlights the mutual commitment to boosting trade and investment opportunities between the two nations. As Germany seeks to diversify its energy sources, Qatar is emerging as […]

Malaysia’s Economy Sees 5.3% Growth in Quarter 3, Signaling Strong Trade Prospects

Economic Development, Malaysia, News

October 21, 2024

Malaysia’s economy is projected to have achieved a commendable 5.3% growth in the third quarter of 2024 compared to the same period last year, as per the official advance estimates released on Monday. While this represents a slight moderation from the impressive 5.9% growth rate seen in the previous quarter, it underscores the resilience of […]

Cambodia Achieves Significant Growth in Rubber Exports, Surpassing $397 Million in Quarter 3 2024

Agricultural Exports, Cambodia, News

October 21, 2024

Cambodia has reported remarkable growth in its rubber export sector, with a total of 248,535 tonnes of rubber products exported, generating over $397 million in revenue during the first three quarters of 2024. This increase marks a 2.42 percent rise compared to the same period in the previous year, according to a recent report from […]

Afghanistan Achieves $31 Million in Fresh Fruit Exports in Six Months

Afghanistan, Agricultural Exports, News

October 20, 2024

Afghanistan’s agricultural sector is experiencing a promising surge, with the country exporting fresh fruits worth an impressive $31 million over the past six months. Akhundzada Abdul Salam Jawad, spokesperson for the Ministry of Industry and Commerce, shared this encouraging news, highlighting the resilience and potential of Afghan farmers. These fresh fruits have found markets […]

China Enhances Export Controls on Dual-Use Items to Strengthen Trade Framework

China, News, Trade and Export

October 19, 2024

In a significant move to bolster its trade framework, China has announced enhanced export control measures for dual-use items, following a decree signed by Premier Li Qiang. Set to take effect on December 1, 2024, these regulations aim to promote transparency and standardization within China’s export policies. The new regulations will implement a permit […]

India Seeks Strategic Mineral Partnership with U.S., Aims to Strengthen Trade Ties

India, International Relations, News

October 19, 2024

India’s Commerce Minister, Piyush Goyal, expressed optimism on Saturday about strengthening trade ties with the United States through a proposed critical mineral partnership. Speaking at a press briefing in New Delhi, Goyal highlighted the potential for this collaboration to serve as a stepping stone towards a broader Free Trade Agreement (FTA) between the two nations. […]

UK Foreign Secretary Highlights Positive Trade Opportunities with China

International Trade, News, United Kingdom

October 19, 2024

During a significant visit to China, UK Foreign Secretary David Lammy underscored the importance of fostering “stability and clarity” in trade relations as the Labour government seeks to enhance its partnership with Beijing. Engaging in productive discussions with Chinese officials and British business leaders, Lammy emphasized the mutual benefits of a consistent trading framework that […]

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