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Posts Tagged ‘InternationalTrade’

India’s Merchandise Exports Thrive, Boosted by Strong Demand for Pharma, Electronics, and Engineering

India, International Trade and Export, News

November 19, 2024

India’s merchandise exports have seen impressive growth from April to October 2024, propelled by strong demand for key sectors such as pharmaceuticals, electronics, and engineering goods. With 21 out of the top 30 sectors recording growth, India continues to solidify its position as a global trade leader.   These export gains are reflective of India’s […]

Malaysia’s Exports Experience Strong Rebound, Highlighting Resilient Trade Growth

International Trade and Export, Malaysia, News

November 19, 2024

Malaysia’s export sector has shown impressive resilience, with a notable recovery in October, signaling a positive trajectory for the country’s trade performance. Exports rose by 1.6% compared to the previous year, exceeding expectations and marking a strong rebound from September’s slight decline. This growth reinforces Malaysia’s position as a key player in the global trade […]

Ireland’s Vegetable Imports Highlight Growing Trade Opportunities

Agricultural Imports, Ireland, News

November 18, 2024

Ireland’s vegetable imports soared past €400 million in 2023, reflecting the country’s vibrant trade activity and increasing consumer demand for diverse, high-quality produce. According to preliminary data from the Central Statistics Office (CSO), Ireland imported 342,760 tonnes of vegetables, valued at €412 million—representing a 17% rise in value and a 6% increase in volume compared […]

U.S. Electricity Exports to Canada See Strong Growth

International Trade and Export, News, United States

November 18, 2024

U.S. electricity exports to Canada have surged, reflecting a positive shift in cross-border energy trade. The rise in exports is largely attributed to lower natural gas prices in the United States and reduced hydropower generation in Canada. According to the U.S. Energy Information Administration (EIA), U.S. electricity exports to Canada jumped by 70% in 2023, […]

Chile Sets New Record for Fresh Fruit Exports, Strengthens Global Trade Presence

Agricultural Trade, Chile, News

November 18, 2024

Chile’s fresh fruit export industry has achieved a historic milestone, reflecting the nation’s growing influence in global agricultural trade. Between January and October 2024, Chile’s total exports reached $79.96 billion, a 0.9% increase compared to the same period in 2023. October alone contributed $8.72 billion, marking a 12.2% year-over-year increase, according to data from ProChile […]

Thailand Collaborates with Chinese E-Commerce to Enhance Agricultural Trade

Agricultural Trade, News, Thailand

November 18, 2024

Thailand is advancing its agricultural trade through a strategic collaboration with Shanghai Taihuixuan Technology Co., Ltd., marking a significant milestone for the country’s export sector. The Ministry of Agriculture and Cooperatives and the Marketing Organization for Farmers (MOF) recently signed a Memorandum of Understanding (MOU) on November 15, 2024, to launch “THAI MALL” on leading […]

Vietnam’s Durian Exports Surge to $3 Billion, Strengthening Global Trade Influence

Agricultural Exports, News, Vietnam

November 18, 2024

Vietnam’s durian industry is experiencing an extraordinary boom, reaching a record $3 billion in exports, with expectations for further growth in 2024. This success is driven by the country’s strategic advantage of producing durians during the off-season, positioning Vietnam as the sole supplier of fresh durians when other countries have completed their harvests. As a […]

Poland Strengthens Trade and Industry with New Ammunition Manufacturing Initiative

International Trade, News, Poland

November 18, 2024

Poland has announced a significant step toward enhancing its industrial capabilities by signing a letter of intent with key domestic companies to manufacture essential materials for ammunition production. The initiative aims to boost local expertise and reduce reliance on imported components, positioning Poland as a key player in the defense manufacturing sector.   “This is […]

Philippines to Boost Trade with $1.6 Million Hass Avocado Exports to Japan in 2025

International Trade and Agriculture, News, Philippines

November 18, 2024

The Philippines is set to make a significant mark in international trade as it aims to export $1.6 million worth of Hass avocados to Japan in 2025. This breakthrough comes after 13 years of negotiations, culminating in the country securing access to Japan’s highly competitive avocado market. The Bureau of Plant Industry (BPI) revealed plans […]

UK to Relaunch Trade Talks with India, Focuses on Strengthening Economic Partnership

International Trade and Economic Relations, News, United Kingdom

November 18, 2024

The United Kingdom is set to relaunch discussions with India on a free trade agreement in early 2025, signaling a renewed commitment to building a stronger economic partnership between the two nations. Prime Minister Keir Starmer’s office confirmed on November 18 that talks would resume following a pause during the recent elections in both countries. […]

Moldova Sees Surge in Apple Exports to the EU, Doubling Export Value

News

November 17, 2024

Moldova has achieved a significant milestone in its agricultural export sector, with apple exports to the European Union reaching an impressive $12.48 million in the first ten months of 2024, marking a twofold increase in value compared to the previous year. This surge is attributed to the hard work of Moldovan farmers and targeted government […]

Thailand’s Economy Surges 3% in Q3, Fueled by Strong Exports and Strategic Stimulus Measures

International Trade and Economic, News, Thailand

November 17, 2024

Thailand’s economy exceeded expectations in the third quarter of 2024, with a robust 3% year-on-year growth, driven by a resurgence in exports and strategic government stimulus initiatives. The National Economic and Social Development Council (NESDC) reported this impressive performance, surpassing the 2.4% growth forecast and the 2.2% expansion seen in the previous quarter.   Quarterly […]

Nigeria and India Forge Stronger Ties in Trade, Maritime Security, and Development

India, International Trade, News, Nigeria

November 17, 2024

Nigeria and India have strengthened their economic and strategic partnership, focusing on maritime security, intelligence collaboration, and economic development. The announcement followed Indian Prime Minister Narendra Modi’s landmark visit to Nigeria, marking the first such visit by an Indian premier in 17 years, at the invitation of President Bola Tinubu.   During their discussions at […]

Peru and Japan Strengthen Trade Relations with Defense and Mining Agreements

International Trade Agreements, Japan, News, Peru

November 17, 2024

Peru and Japan have taken a significant step forward in strengthening their trade relations with the signing of key defense and mining cooperation agreements. The deals were officially signed by Peru’s President Dina Boluarte and Japan’s Prime Minister Shigeru Ishiba, following the Asia-Pacific Economic Cooperation (APEC) summit hosted in Lima.   These agreements focus on […]

WTO E-Commerce Services Course Concludes in Geneva with Focus on Global Trade

E-commerce Development, News, Switzerland

November 15, 2024

An advanced course on the services aspects of e-commerce, hosted by the World Trade Organization (WTO), concluded on November 15 in Geneva, bringing together 27 government officials from WTO member and observer countries. The course, held from November 12 to 15, provided participants with valuable insights into the growing role of e-commerce in shaping global […]

Dominica Enhances Agricultural Trade with Increased White Potato Production

Agricultural Exports, Dominica, News

November 14, 2024

Dominica is taking a significant step to enhance its agricultural output and trade opportunities by expanding its white potato production for the 2024/25 season. The Ministry of Agriculture has announced plans to import 1,160 bags of high-quality seed potatoes, including popular varieties, to support the cultivation of over 40 acres of white potatoes from December […]

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