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Posts Tagged ‘GlobalTrade’

Türkiye Launches Free Trade Agreement Talks with GCC

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 […]

Australian Wine Exports Hit AU$2.2 Billion Amid Diverse Market Trends

Australia, International Trade, News

July 31, 2024

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 […]

New Report Aims to Boost SME Exporting

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 […]

Germany Selects Malaysia as a Key Trade Hub

Germany, International Trade, News

July 29, 2024

Germany has designated Malaysia as a significant export and trade hub, expanding its trade strategy beyond reliance on China. This move supports Germany’s derisking approach, which aims to minimize dependence on a single nation. Prime Minister Datuk Seri Anwar Ibrahim announced this shift, highlighting a notable increase in visits from foreign trade ministers to Malaysia. […]

Major Land Port Reopens for Export-Import Activities

Bangladesh, India, News, Trade and Commerce

July 26, 2024

  The International Trade Council reports that export and import activities at the largest land port in Bangladesh have resumed following a temporary suspension caused by a government-imposed curfew and internet service suspension. The port, essential for trade between Bangladesh and India, had experienced a complete halt in operations due to the disruption of its […]

Guangxi’s Trade Sector Flourishes in First Half of the Year

International Trade, News

July 19, 2024

Amid global economic uncertainties, the Guangxi Zhuang Autonomous Region has shown remarkable resilience and growth in its foreign trade sector.   Recent customs data revealed that Guangxi’s total imports and exports surged to 345.28 billion yuan ($47.57 billion) in the first half of the year, reflecting a significant 12 percent increase compared to the same […]

Egypt’s Export Growth Signals Economic Resilience and Strategic Vision

Egypt, News, Trade and Export

July 18, 2024

  Egypt’s exports in April showcased a commendable 0.8% year-on-year increase, reaching approximately $3.3 billion, according to data from Egypt’s Central Agency for Public Mobilization and Statistics. This growth contributed to a 2.5% reduction in the country’s trade deficit, which stood at around $2.7 billion for the same period, underscoring Egypt’s effective economic management amidst […]

Indonesia Maintains Trade Surplus Despite Higher Oil Imports

Indonesia, International Trade, News

July 17, 2024

Indonesia continued its streak of trade surpluses last month, showcasing resilience even as oil imports saw an increase, affecting the surplus marginally. Amalia Adininggar Widyasanti, interim head of Statistics Indonesia (BPS), reported on Monday that June marked the 50th consecutive month of trade surplus. Exports totaled US$20.84 billion, surpassing imports at US$18.45 billion, resulting in […]

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