Posts Tagged ‘InternationalTradeCouncil’

Vietnam’s meat import sector is experiencing significant growth, with projected spending reaching US$1.7 billion in 2024. The country’s meat and meat by-products imports surged by 14.2% year-on-year, amounting to nearly US$1.6 billion in the first 11 months of the year, according to the General Department of Customs.   This positive trend reflects Vietnam’s increasing demand […]

New data from Eurostat reveals impressive growth in European wine exports during 2024. For the first nine months of the year (January to September), wine exports from major European countries, including Austria, France, Germany, Greece, Hungary, Italy, Portugal, and Spain, have experienced significant growth compared to the same period in 2023. This positive trend reflects […]

Morocco’s avocado industry is thriving, with strong export performance and increasing global demand. The country has already shipped 30,000 tonnes of avocados since the start of the season, representing a significant portion of the estimated 90,000-tonne total.   The European market has been particularly receptive to Moroccan avocados, particularly the popular Hass variety. While initial […]

The United States is experiencing a surge in grain and oilseed exports, particularly for corn and soybean oil. The US Department of Agriculture (USDA) recently revised its export forecasts upwards, signaling strong global demand for American agricultural products.   The impressive performance of US soybean oil exports is driven by a combination of factors, including […]

E-commerce Development, India, News

December 10, 2024

India is set to make significant strides in global trade with a new plan to enable $80 billion in cumulative e-commerce exports by 2030, marking a fourfold increase from its previous export target. This ambitious goal underscores the growing demand for ‘Made in India’ products and highlights the nation’s expanding role in international commerce.   […]

Energy / Natural Gas, Indonesia, News

December 10, 2024

The global trade of thermal coal has reached remarkable new heights in 2024, showcasing the adaptability and resilience of energy markets in meeting diverse global demands. Despite rapid growth in renewable energy capacity, coal remains a crucial energy resource, driven by increasing consumption across key regions and the need for reliable power during seasonal peaks. […]

Vietnam and the United Arab Emirates (UAE) have embarked on a new chapter in their trade relationship, finalizing a Comprehensive Economic Partnership Agreement (CEPA) that paves the way for increased cooperation and mutual growth. Signed by Vietnamese Prime Minister Pham Minh Chinh in Dubai, this agreement is Vietnam’s first free-trade agreement with a Middle Eastern […]

China, International Trade, News

October 25, 2024

The European Union and China are taking significant steps toward enhancing their trading relationship through continued technical negotiations on electric vehicles (EVs). Both parties are exploring innovative alternatives to the tariffs set to be imposed on China-made EVs, with the aim of fostering a more cooperative and beneficial trade environment.   In a recent video […]

British Finance Minister Rachel Reeves recently highlighted the enduring strength of the U.S.-UK trade relationship, emphasizing its importance for both nations. In an interview with Reuters during the International Monetary Fund (IMF) and World Bank annual meetings in Washington, Reeves expressed optimism about the future of trade between the two countries.   “The U.S. remains […]

Economic Development, Germany, News

October 24, 2024

Germany is taking a proactive step to bolster trade opportunities for developing economies and least-developed countries (LDCs) by pledging EUR 150,000 (approximately CHF 140,000) in 2024 to the Standards and Trade Development Facility (STDF). This initiative aims to strengthen sanitary and phytosanitary (SPS) capacities, enabling these nations to access global and regional markets more effectively. […]

Brazil, News, Trade Relations

October 24, 2024

G20 ministers gathered in Brasilia on October 24, 2024, to forge a progressive path forward for international trade, focusing on sustainable development and the vital role of women in the global economy. Brazil’s Vice President and Trade Minister, Geraldo Alckmin, proudly announced the agreement, underscoring the commitment to creating an inclusive trading environment that benefits […]

The International Trade Council has highlighted Vietnam’s significant strides in increasing its agricultural exports to China. In the first half of 2024, the total export turnover of agro-forestry-fishery products reached $29.2 billion, marking a 19% increase compared to the same period in 2023, according to the Ministry of Agriculture and Rural Development.   China accounted […]

The International Trade Council warmly welcomes the Free Trade Agreement (FTA) between the United Kingdom and Australia, a landmark deal set to boost fintech sectors in both nations by removing over 99% of tariffs and enhancing labor mobility.   Signed in December 2021, this comprehensive agreement will not only facilitate work and travel opportunities but […]