Posts Tagged ‘GlobalEconomy’

Singapore’s export sector demonstrated impressive resilience in November, with non-oil domestic exports (NODX) increasing by 3.4% year-on-year, exceeding expectations and marking a strong recovery from October’s 4.7% decline.   The growth, fueled by a robust rise in electronics shipments, underscores Singapore’s critical role in global trade and its ability to adapt to evolving market demands. […]

International Trade, News, Taiwan

December 9, 2024

Taiwan’s export performance in November demonstrated the resilience and innovation of its trade-driven economy, with exports climbing 9.7% year-on-year to $41.09 billion, surpassing market expectations. This marks the 13th consecutive month of growth, underscoring Taiwan’s pivotal role in global trade.   Key contributors to this success included the flourishing artificial intelligence (AI) sector and a […]

Global Trade, News, Switzerland

December 9, 2024

Global trade continues to play a transformative role in enhancing food security and promoting better nutrition worldwide, emphasized Deputy Director-General Jean-Marie Paugam at the WTO’s Annual Agriculture Symposium on December 9. Speaking on behalf of Director-General Ngozi Okonjo-Iweala, DDG Paugam highlighted how international trade fosters innovation, diversity, and resilience in food systems, driving positive global […]

Agricultural Exports, Cambodia, News

December 6, 2024

Cambodia is making impressive strides in global trade, with a record $1.79 billion earned from paddy and milled rice exports in the first eleven months of 2024. According to a report from the Cambodia Rice Federation, the Kingdom exported 575,562 tonnes of milled rice to 67 countries, contributing significantly to its trade growth. Although there […]

Vietnam’s export sector is poised to achieve its highest growth rate since 2021, with an expected 18% increase by the end of the year. This impressive performance underscores the country’s expanding role in international trade and its ability to adapt and thrive in a competitive global market.   By mid-November, Vietnam’s export turnover reached 352.38 […]

International Trade, News, Switzerland

December 5, 2024

Members of the World Trade Organization gathered to reflect on their substantial progress in promoting trade and environmental sustainability, looking ahead to the 14th Ministerial Conference in 2026. The meeting marked a key moment as the Philippines became the 78th co-sponsor of the Trade and Environmental Sustainability Structured Discussions initiative, strengthening the global commitment to […]

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 […]

China, International Trade, News

July 17, 2024

The volume of Hong Kong’s exports rose by 9.8 percent in May compared to the previous year, with the total value of exports increasing by 4.5 percent, according to the Census and Statistics Department.   Export volumes to Vietnam, the US, and mainland China climbed by 31.2 percent, 21.3 percent, and 15.8 percent respectively year-on-year. […]

International Trade, News

September 7, 2023

The International Trade Council acknowledges the recent expansion of the BRICS group to potentially include Saudi Arabia, the United Arab Emirates, Iran, Egypt, Argentina, and Ethiopia. According to a note from S&P Global Ratings, the near-term economic impact for member countries is anticipated to be limited.   S&P Global Ratings explains that their current sovereign […]

Global Economic Trends, News

August 28, 2023

In the face of unexpected global events, economies across the world need to foster resilience both individually and collectively. It’s essential to prioritize collaboration, as heightened protectionism could potentially lead to economic fragmentation or divisions among nations, particularly at times when the world’s economic vulnerability is evident.   Analyses indicate that if international trade restrictions […]

The International Trade Council is pleased to share recent data underscoring Vietnam’s position as an increasingly attractive destination for foreign investment. As reported by Vietnam’s Ministry of Planning and Investment, the country has garnered an approximate foreign investment of US$18.15 billion (RM84 billion) within the first eight months of this year. This figure reflects an […]