Posts Tagged ‘GlobalTrade’

Colombia, Global Trade, News

July 17, 2024

In the competitive avocado market, a leading Colombian exporter anticipates exporting 12 million kilos of Hass avocados this year, surpassing initial forecasts by 20%. The challenges of balancing supply and demand dynamics are acknowledged by Carlos LondoÁ ±o, General Manager of the exporting firm, who emphasizes the commitment to competitiveness and sustainability within the industry. […]

Agricultural Trade, News

July 16, 2024

Azerbaijan has seen a significant rise in tomato exports, reaching 86,067 tons in the first five months of 2024. This marks a substantial increase in both volume and value compared to previous years.   In addition to robust export figures, Azerbaijan’s imports of tomatoes from Turkmenistan surged to 548 tons in the initial months of […]

China, International Trade, News

July 12, 2024

China’s export growth reached its highest pace in fifteen months this June, indicating that manufacturers are accelerating orders in anticipation of potential tariffs from a growing list of trade partners. However, imports saw an unexpected decline due to weak domestic demand. This mixed trade data underscores the need for further government intervention as China’s $18.6 […]

Egypt, International Trade, News

July 8, 2024

The Cabinet’s Information and Decision Support Center has revealed a positive development in Egypt’s non-petroleum trade deficit for the first quarter of 2024, marking a 22.9% decrease to $6.4 billion compared to approximately $8.3 billion in Q1 2023. This improvement is attributed to increased non-petroleum exports coupled with reduced non-petroleum imports. During Q1 2024, Egypt’s […]

Bangladesh’s Food Minister, Sadhan Chandra Majumder, announced that the country will focus on exporting rice instead of importing it in the future.   “In the past two years, our government has refrained from importing rice, and this year, there is no necessity for rice imports,” he stated during the inauguration of the Agriculture Technology Fair-2024 […]

News, Vietnam

June 20, 2024

Ho Chi Minh City, Vietnam –  The Vietnam Logistics Business Association (VLA) and VINEXAD Company, in conjunction with the Ministry of Industry and Trade, proudly announce the 2nd Viet Nam International Logistics Exhibition (VILOG 2024). Scheduled to take place from August 1st to 3rd, 2024, at the Saigon Exhibition and Convention Center (SECC), VILOG 2024 […]

International Trade, News, United States

September 19, 2023

U.S. President Joe Biden has signaled strong support for an economic initiative comprising two primary corridors aimed at enhancing connectivity between India, the Middle East, and Europe. This significant announcement took place on the sidelines of the G20 Leaders’ Summit held in New Delhi.   Highlights: The two corridors: An eastern corridor connecting India to […]

Global Trade, News

September 16, 2023

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 […]

News, Trade Finance

September 8, 2023

According to a recent survey by the Asian Development Bank, the global trade finance deficit reached an unprecedented $2.5 trillion in 2022, increasing from $1.7 trillion in 2020. The surge in the deficit is attributed to various factors, including rising interest rates, economic uncertainty, inflation, and geopolitical volatility, all of which have constrained banks’ capacity […]