Posts Tagged ‘GlobalTrade’

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 […]

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 […]

In a significant move to promote fair trade and bolster domestic solar manufacturing, the U.S. Commerce Department has introduced preliminary countervailing duties on solar cell imports from Vietnam, Cambodia, Malaysia, and Thailand. These measures aim to ensure a level playing field for U.S. solar producers, safeguarding billions of dollars in American investments while encouraging healthy […]

Agricultural Trade, News, Uzbekistan

October 1, 2024

Uzbekistan’s plum exports have surged this year, with revenues reaching $24.3 million between January and August 2024. This marks a $4.1 million increase compared to the same period last year, showcasing the country’s growing influence in global trade. According to the Uzbekistan Statistics Agency, 30.1 thousand tons of plums were exported to 12 countries, highlighting […]

Energy Trade, Kazakhstan, News

October 1, 2024

Kazakhstan is actively exploring ways to enhance its gas exports to China, with plans for a potential new pipeline to increase capacity. This initiative highlights the country’s growing importance in the regional energy market and reflects its commitment to fostering international trade.   Despite challenges in the global economy, demand for gas in China continues […]

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 […]

Logistics, News, United States

September 30, 2024

  Cargo operations at a key U.S. trade hub are back in full swing after a brief disruption caused by an overturned tractor-trailer carrying lithium batteries. The quick and efficient response ensured that the flow of global goods through the port was minimally impacted, reinforcing the resilience of the logistics network.   Following the incident, […]

Manufacturing, News, United Kingdom

September 22, 2024

  Exhibition Highlights: The extensive exhibition area will showcase cutting-edge technologies, including Industry 4.0 innovations, 3D printing breakthroughs, and automation solutions. Attendees will also have the unique opportunity to learn about Thrust WSH’s ambitious pursuit of the World Water Speed Record, highlighting remarkable engineering and high-performance innovations.   Conference Themes: The conference will feature key […]

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, 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 […]

International Trade, News, Turkey

August 1, 2024

TÁ ¼rkiye’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 […]

The International Trade Council reports that Australian wine exports have reached a significant AU$2.2 billion, reflecting both positive developments and ongoing challenges in the market. This increase is largely attributed to a resurgence in exports to mainland China, where volumes jumped from 1 million litres to 33 million litres and the value surged by AU$392 […]

International Trade, News

July 31, 2024

The International Trade Council highlights a new initiative designed to invigorate exporting activities among small and medium-sized enterprises (SMEs). A recent report proposes measures to increase the number of small business exporters. An SME Export Taskforce was formed to tackle the low percentage of small firms—currently only 10%—engaged in international trade. The taskforce identified several […]