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Posts Tagged ‘GlobalTrade’

WTO Cautions Against Global Trade Splitting Into Allied Blocs

Global Trade, News

October 18, 2024

Trade Realignment Could Elevate Costs, Risks, and Geopolitical Tensions, Says WTO Annual Report   As geopolitical pressures reshape international alliances, the World Trade Organization (WTO) warns that countries are increasingly favoring trade with allied nations over more efficient exporters. This shift is raising concerns about the future of a global economy founded on open and […]

Brazil’s Grape Exports Show Strong Growth in September, Positive Trade Outlook for October

Agricultural Development and Trade, Brazil, News

October 18, 2024

Brazil’s grape exports witnessed significant growth in September, with shipments reaching 3.17 thousand tons, marking an impressive 283% increase compared to August, according to Comex Stat data. While there was a slight 6% dip in export volume from the same period last year, this is primarily due to a short-term supply adjustment in the SÁ […]

UK Foreign Minister Travels to China to Strengthen Trade and Economic Relations

International Trade, News, United Kingdom

October 17, 2024

In a significant move to enhance economic ties, the UK is sending a high-level government official to China this week. The visit aims to deepen trade cooperation and foster stronger economic connections between the two nations, highlighting a strategic and pragmatic approach by the newly elected government.   The two-day trip will include important discussions […]

AI Technology Takes Center Stage at Japan’s Joint Electronics and Mobility Trade Show

International Trade and Technology, Japan, News

October 15, 2024

The Combined Exhibition of Advanced Technologies (CEATEC) and Japan Mobility Show Bizweek launched on October 15, 2024, at the Makuhari Messe convention center in Chiba, celebrating a new era of collaboration between the electronics and automotive industries. This joint event, organized by leading industry associations, aims to strengthen international trade by fostering innovative partnerships as […]

Vietnam’s Shrimp Exports Thrive with Nearly $2.8 Billion in Revenue

Agricultural Trade, News, Vietnam

October 15, 2024

Vietnam’s shrimp export sector is celebrating a significant achievement, with estimated revenues reaching nearly $2.8 billion in the first nine months of 2024. This remarkable figure positions shrimp as the top-performing aquatic product, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). The revenue marks a robust 10.5% increase compared to the same […]

Bangladesh Bank Introduces Concessions to Boost E-Commerce Product Exports

Bangladesh, International Trade, News

October 15, 2024

In a significant step to enhance the e-commerce landscape, Bangladesh Bank has introduced new regulations aimed at simplifying the export process for small traders. As of October 15, 2024, products valued at up to $500 exported through e-commerce will no longer require the mandatory EXP form.   This forward-thinking initiative, issued by the Foreign Exchange […]

China’s Steel Exports Surge to Eight-Year High in 2024

China, International Trade, News

October 15, 2024

In a promising development for the global steel market, China has seen its steel exports soar to new heights in 2024, reaching an impressive 80.71 million tons in the first nine months. This represents a remarkable 21.2% increase compared to the same period last year and marks the highest export volume recorded in eight years, […]

U.S. Explores Export Framework for AI Chips to Strengthen Global Trade Relationships

News, Technology Trade Policy, United States

October 14, 2024

In a proactive move to enhance national security while fostering global trade, U.S. officials are considering a framework for export licensing of advanced AI chips to select countries, as reported by Bloomberg News on Monday. This initiative reflects the U.S. Commerce Department’s commitment to balancing trade opportunities with responsible technology distribution.   The potential export […]

Philippines Rice Import Forecast Increased to 4.9 Million Metric Tons in 2025

Agricultural Trade, News, Philippines

October 14, 2024

The United States Department of Agriculture (USDA) has announced a positive adjustment to its forecast for Philippine rice imports, raising the estimate to 4.9 million metric tons for 2025. This increase of 300,000 metric tons from the September estimate highlights the resilience of the Philippine agricultural sector in adapting to changing market conditions and ensuring […]

Moroccan Agricultural Exports to the EU Surge by 5%

Agricultural Exports, Morocco, News

October 14, 2024

Morocco is experiencing a noteworthy rise in its agricultural exports to the European Union, with a 5% increase in fruit and vegetable shipments, particularly in tomatoes, berries, and citrus fruits. This growth has seen exports surpass 1.5 million tons annually, a trend that has been consistent over the past three years and holds significant importance […]

Indonesia Strengthens Global Trade with Expanding Shallot Exports

Agricultural Exports, Indonesia, News

October 14, 2024

Indonesia’s National Food Agency (Bapanas), under the leadership of Arief Prasetyo Adi, is making remarkable progress in positioning the country as a vital player in the global food market, particularly through its shallot exports. The successful export of shallots to Malaysia and other nations highlights Indonesia’s ability to meet international food demands while reinforcing its […]

U.S. Cheese Exports Surge with Strong Global Demand

Agricultural Exports, News, United States

October 14, 2024

The U.S. Dairy Export Council reported a significant boost in dairy exports for August 2024, with strong global demand for U.S. cheese driving the increase. Total U.S. dairy export volumes rose by 1.7 percent compared to last year, while export values saw a notable 10 percent increase, reaching $708 million—the largest rise this year.   […]

Huelva in Spain Breaks Records with €1.1 Billion in Berry Exports

Agricultural Exports, News, Spain

October 14, 2024

Huelva, Spain, has reached an impressive milestone in its berry exports, achieving sales of â‚ ¬1.101 billion in the first seven months of 2024. This marks a significant 10.1% increase compared to the previous year, solidifying Huelva’s status as the leading berry exporter in Spain. The province now commands nearly 77% of the national market […]

Hanoi, Vietnam Boosts Agricultural Exports with Planting Area Codes

Agricultural Exports, News, Vietnam

October 14, 2024

Hanoi, Vietnam, is making impressive strides in agricultural exports by investing in the establishment of planting area codes for essential crops like longans, grapefruits, and bananas. These codes serve as a “passport” for Hanoi’s agricultural products, allowing them to compete effectively in both domestic and international markets while providing valuable economic benefits to local farmers. […]

Albania’s Prime Minister Highlights Positive Progress in Free Trade Agreements for Western Balkans Integration

Albania, International Trade, News

October 13, 2024

Albanian Prime Minister Edi Rama expressed optimism regarding the enhancement of the Central European Free Trade Agreement during an interview ahead of a summit for the Western Balkans hosted by German Chancellor Olaf Scholz. This initiative aims to strengthen economic integration and align the region more closely with European Union standards as Albania works towards […]

Peruvian Avocado Exports Show Strong Value Growth Amid Slight Volume Decline

Agricultural Trade, News, Peru

October 12, 2024

Peru’s avocado industry continues to showcase its strength in global trade, with export values rising significantly even as volumes dipped slightly. As of week 33 in 2024, Peru exported 499,000 metric tons of avocados, generating an impressive $1.044 billion. This represents an 11% increase in value compared to the same period last year, highlighting Peru’s […]

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