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Posts Tagged ‘EconomicGrowth’

China and Vietnam Set to Enhance Trade Relations with New Railway and Agricultural Agreements

China, International Trade and Agriculture, News, Vietnam

October 11, 2024

In a promising move for regional trade, China and Vietnam are on the verge of signing new agreements to strengthen railway connectivity and boost agricultural trade during Chinese Premier Li Qiang’s upcoming visit to Hanoi this weekend. Sources familiar with the discussions indicate that these agreements will significantly enhance economic collaboration between the two nations. […]

Malaysia Expands Durian Exports to China with Integrated Commodity Management

International Trade and Agriculture, Malaysia, News

October 10, 2024

Malaysia is taking significant steps to boost its durian exports to China by proposing an integrated management approach for key fruit commodities. The Agriculture and Food Security Ministry plans to extend the mandate of the national agricultural board responsible for pineapples to oversee durian production as well. This strategic move is aimed at capitalizing on […]

French Apples Flourish in the Middle East Through Quality and Sustainability

France, International Trade and Agriculture, News

October 10, 2024

French apple exports to the Middle East are thriving, driven by their exceptional quality, diverse varieties, and commitment to eco-friendly practices. The demand for premium, nutritious produce is soaring among luxury retailers, hotels, gourmet dining establishments, and health-conscious consumers in the region. To support this growing interest, a series of promotional activities have been […]

Strong September Secures Solid Quarter for Norwegian Seafood Exports

Agricultural Trade, News, Norway

October 10, 2024

Recent data reveals that seafood exports from Norway have reached impressive levels, totaling NOK 44.1 billion in the third quarter of 2024. This marks an increase of NOK 2.2 billion, or 5%, compared to the same period last year, showcasing a positive trajectory for the industry. The remarkable growth in export value can be […]

Free Trade Agreement with South Korea Set to Boost Philippine Textile Exports

Free Trade Agreements, News, Philippines, South Korea

October 10, 2024

The anticipated free trade agreement (FTA) between the Philippines and South Korea is expected to provide a moderate increase in textile exports from the Philippines. According to Robert Young, President of the Foreign Buyers Association of the Philippines (Fobap), the country exported approximately $50 million worth of mixed apparel to South Korea in 2023. […]

Philippines Aims to Revitalize Banana Exports to South Korea Through New Free Trade Agreement

International Trade and Export, Philippines

October 9, 2024

The Philippines is optimistic about rejuvenating its banana export sector with the recent free trade agreement established with South Korea. The Department of Trade and Industry has highlighted the potential of this agreement to address the declining market share of Philippine bananas in South Korea, where they face stiff competition from Vietnam and other Latin […]

Germany Reports Positive Growth in Exports, Boosting Trade Relations

Germany, International Trade

October 9, 2024

Germany’s export sector has shown encouraging signs of growth, with a reported increase in August that highlights strong international demand, particularly from the United States and the United Kingdom. Official data from the federal statistics office revealed a 1.3% rise in exports compared to the previous month, defying earlier forecasts that anticipated a slight decline […]

China Engages with EU to Strengthen Trade Relations on Electric Vehicles

China, International Trade

October 9, 2024

In a proactive move to enhance trade relations, China is engaging in “intensive communications” with the United States and the European Union regarding electric vehicle (EV) trade issues. This initiative follows the EU’s recent anti-subsidy ruling on Chinese EVs, announced on October 4, 2024, and reported by the state news agency Xinhua. The ruling has […]

South Korea and Singapore Set to Strengthen Trade Relations Through Strategic Partnership

International Trade, Singapore, South Korea

October 8, 2024

In a significant advancement for trade and regional cooperation, South Korea and Singapore have announced their intention to establish a strategic partnership in 2025, coinciding with the 50th anniversary of their diplomatic relations. This exciting development was unveiled during a joint press conference by South Korean President Yoon Suk Yeol and Singapore’s Prime Minister Lawrence […]

Vietnam Elevates Diplomatic Relations with France to Comprehensive Strategic Partnership

International Relations, Vietnam

October 8, 2024

Vietnam has reached a significant milestone by upgrading its diplomatic relations with France to a “comprehensive strategic partnership.” This notable achievement was announced during Vietnamese President To Lam’s recent visit to Paris, highlighting Vietnam’s growing importance in global supply chains and its skillful navigation of international relations through its flexible foreign policy, often referred to […]

South Korea’s September Exports Reach New Heights, Signifying Strong Trade Momentum

International Trade, News, South Korea

October 1, 2024

In a remarkable display of economic resilience, South Korea’s exports surged 7.5% year-on-year in September, totaling a record $58.77 billion. This outstanding performance marks the 12th consecutive month of growth, reflecting the nation’s strong position in global trade. Leading the charge were the semiconductor and automobile sectors, which achieved all-time highs. Semiconductor exports soared […]

Vietnam Becomes Top ASEAN Exporter to EU, Boosted by Trade Agreement

International Trade, News, Vietnam

August 2, 2024

Vietnam has achieved a notable milestone as the leading ASEAN exporter to the European Union, showcasing the benefits of the EU-Vietnam Free Trade Agreement (EVFTA). This economic partnership has significantly contributed to growth, job creation, and enhanced access to European goods for Vietnamese consumers over the past four years. The phased reduction of import […]

India Expands Export Channels to Maldives with New Port Approvals

India, International Trade, News

August 2, 2024

In a significant development aimed at strengthening trade relations, the Indian government has announced that essential commodities previously subject to restrictions can now be exported to the Maldives from Kandla and Vishakhapatnam ports. This update, applicable for the financial year 2024-25, brings the total number of ports authorized for these exports to six. The Directorate […]

Türkiye Launches Free Trade Agreement Talks with GCC

International Trade, News, Turkey

August 1, 2024

Türkiye’s Trade Ministry has announced the start of negotiations for a Free Trade Agreement (FTA) with the Gulf Cooperation Council (GCC). The first round of talks was held in Ankara, marking a key step in this major trade initiative. In March, the Trade Minister and the GCC Secretary-General signed an agreement to kick off […]

China Remains Papua New Guinea’s Leading Export Market, Reports Minister

China, International Trade, News

July 31, 2024

China remains the foremost export market for Papua New Guinea (PNG). During a recent groundbreaking ceremony for the Sea Park Development in Port Moresby, the Minister for International Trade and Investment emphasized China’s critical role in PNG’s export economy. The Minister highlighted the robust trade relationship between the two nations, noting, “China is the […]

Egypt’s Non-Oil Trade Deficit Falls to $15.9 Billion in First Half of 2024

Egypt, International Trade, News

July 31, 2024

Egypt’s non-oil trade deficit for the first half of 2024 has decreased to $15.9 billion. This marks a 16% improvement from the $18.9 billion deficit recorded during the same period in 2023. During the initial six months of 2024, Egypt saw a notable 9.8% increase in merchandise exports, reaching $19.6 billion. In contrast, imports […]

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