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Manila FAME brings in 6.6M USD of export sales in comeback show
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By CITEM January 15, 2024 PASAY CITY – The 40th edition of Manila FAME, a flagship sourcing event of the Department of Trade and Industry’s export promotion arm Center for International Trade Expositions and Missions (CITEM), generated $6.6 million export …
Leaders Of China, Japan & South Korea Adopt Joint Declaration After Trilateral Summit
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The leaders of South Korea, China, and Japan released a joint statement addressing cooperation in a number of areas, including trade, climate change, and aging societies, on Monday. The statement was reached following the first three-way summit in almost …
BOV leads the discussion in trade finance
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Bank of Valletta successfully hosted a comprehensive Trade Finance Seminar earlier this month at Giardini Lambrosa in Rabat. This event was designed to provide local businesses and entrepreneurs with essential knowledge and tools to navigate the …
Paper Manufacturers Raise Alarm Over 34% Import…
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New Delhi, May 27 (KNN) Imports of paper and paperboard into India surged by 34 per cent to reach 19.3 lakh tonnes in the financial year 2023-24, according to data cited by the Indian Paper Manufacturers Association (IPMA). The industry body warned that …
Bangladesh remains ambitious despite economic turbulence
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Industry leaders underscored Bangladesh’s critical challenges and promising prospects in the steel, cement, and energy sectors at the 4th International Trade Summit, themed “Sustainable Future,” held at Dhaka’s Pan Pacific Sonargaon on May 14-15. With the …
Singapore industrial leasing volume hits record lows since 2020
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There were only 2,866 tenancies in Q1. According to a Savills report, Singapore’s industrial leasing momentum has slowed on the back of weak global trade demand. The overall industrial leasing volume registered a decline of 7.7% YoY to 2,866 tenancies in …
UPSC Special: Six key areas to focus from Economy for Prelims 2024
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Is Economy the toughest nut to crack for you in the GS paper of UPSC Prelims? When compared to other subjects of the UPSC Civil Services Exam, aspirants find the Indian Economy to be one of the most challenging parts of the prelims syllabus. With UPSC …
China-Japan-South Korea business summit pledges efforts to promote cooperation
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SEOUL, May 27 (Xinhua) -- More than 200 participants of the 8th China-Japan-South Korea Business Summit here on Monday hailed the resumption of trilateral economic and trade cooperation with fresh impetus injected after a hiatus of more than four years, …
Economic Watch: China's robust exports give auto parts industries a leg-up
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CHONGQING, May 27 (Xinhua) -- As China's automobile exports continue to surge, auto parts enterprises across the country are also riding the wave of going global. In 2023, the export value of automobiles and parts hit about 101.61 billion yuan (about …
China tariffs won’t make America great again
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TOKYO — It’s hard to miss the time-warp dynamic surrounding the US-China trade war as it intensifies in real-time. Take US President Joe Biden’s recent move to quadruple tariffs on China-made electric vehicles to 100% and ratchet up import taxes on China’s …
Growth Biz: India's First Global B2B Offline Hypermarket Revolution...
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New Delhi: In a groundbreaking move, India has welcomed its first global B2B offline hypermarket, Growth Biz, a platform designed to connect manufacturers with a global audience of buyers. Founded by Akshay Kumar, Growth Biz aims to empower Indian …
Seoul, Tokyo and Beijing say stability on Korean Peninsula is in their ‘common interest’
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Korean President Yoon Suk Yeol, center, Japanese Prime Minister Fumio Kishida, left, and Chinese Premier Li Qiang, right, clap at the 8th South Korea-Japan-China Business Summit at the Korea Chamber of Commerce and Industry in central Seoul on Monday, …
Do not merge with U.S. tariffs on Chinese EVs
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The United States, the world’s foremost economy and a military superpower, is terrified of Seagulls. Not the ubiquitous seabird but, rather, the compact electric vehicle produced by Chinese carmaker BYD that has a driving range of more than 400 kilometres …
Europe’s Carbon Border Tax advances the fight against climate change
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At first glance, the European Union’s Carbon Border Adjustment Mechanism may look like a potential source of international discord. But a closer look suggests that the EU’s strict carbon-pricing regime may be the best chance the world has to achieve the …
Tajikistan looking for 7,5 billion dollars in funding for rail
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Image: RIA Novosti. Ekaterina Chesnokova. Tajikistan seems to be hopping onto the bandwagon for rail infrastructure in Central Asia. The country is looking for 7,5 billion dollars (7 billion euros) in investments for its rail network. The Tajik rail …
Business leaders eye trilateral consultative body to boost trade
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Business leaders from Korea, Japan and China have announced plans to form a three-way economic consultative body among private sectors to effectively address pressing economic concerns and foster future cooperation among the three countries. Over 280 …
Patel’s attempts to grow industrial sector of economy didn’t work
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By Donald MacKay Danish political economist Torben Iversen notes that “labour-intensive, low-productivity jobs do not thrive in the context of high social protection and intensive labour-market regulation, and without international trade countries cannot …
India Aims For Key Role In Global…
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New Delhi, May 27 (KNN) India is positioning itself as a major player in the rapidly growing renewable ammonia industry, inking several international trade agreements with more potentially on the horizon, according to industry analysts. The nation has set …
US hikes tariffs on Chinese imports, and other global trade stories to read this month
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(Credit: Unsplash) This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Guillaume Dabré, Project Specialist, World Economic Forum This monthly roundup brings you a selection of the latest …
CEA Sees Limited Market Impact From US Policy Decisions On Solar Imports
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While impact is limited from most measures, a successful AD/CVD investigation into South East Asian countries could open up further opportunities for Indian solar exporters. US based clean energy advisory firm Clean Energy Associates (CEA) has come out …
SMEs’ struggle with green transition
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THERE is another year-and-a-half before the EU’s Carbon Border Adjustment Mechanism (CBAM), a policy instrument that imposes a tariff on goods imported to the 27-member bloc based on the amount of carbon emissions from the production process, is fully …
Would Returning to the Gold Standard Resolve Our Most Pressing Monetary Problems?
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We all know the problem with fiat currency: the temptation to print more currency is irresistible, but ultimately destructive. Money in all its forms attracts quasi-religious beliefs and convictions. This makes it difficult to discuss with anything …
Africa Day 2024 Celebrated At The State House
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Africa Day, the annual commemoration of the foundation of the Organisation of African Unity, was marked by a reception held, Saturday evening at the State House in Réduit. The theme chosen by the African Union (AU) for this year’s celebrations is ‘Educate …
China’s first carbon border tax? Insiders flag big tariff on imported US gas guzzlers
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The deepening trade war between the US and China could soon be seen as a battle between clean tech versus fossil dinosaurs as auto industry insiders report China is looking to place a 25 per cent tariff on US gas guzzlers in response to the US move to slap …
Offshore wind was born in the 70s oil crisis. It comes to Australia in the climate crisis
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As the sun rises over Victoria’s rugged coastline, a new era dawns – one powered by the pressure equalisation that we call wind. Australia’s offshore wind industry is not a distant dream; it’s taking shape now. At the forefront stands Victoria, poised to …
8 Steps Guide to Buying Coffee Wholesale Safely Without Any Fraud from Vietnam!
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Discover how to buy coffee wholesale from Vietnam without falling victim to fraud. Follow our 8-step guide for a safe and satisfying purchase. Hanoi, Hanoi, Vietnam - May 27, 2024 — 1: Identify Your Needs 2: Research Potential Suppliers 3: Verify Supplier …
Maldives gov't bans export of endangered sea cucumbers
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The Maldivian government is set to ban the export of two endangered species of sea cucumbers. Speaking to reporters on Sunday, Fisheries Minister Ahmed Shiyam announced that the export ban targets two sea cucumber species on the verge of extinction. The …
Tax receipts grow at healthy clip, still NBR likely to miss target
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The National Board of Revenue (NBR) posted about 16 percent year-on-year growth in tax collections in the first 10 months of the current fiscal year. Still, it might be tougher for it to attain the government's goal of raising Tk 410,000 crore by the …
Inaugural GhIE-Prof Douglas Boateng Annual Lecture set for May 30
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The Ghana Institution of Engineering (GhIE) in partnership with Professor Douglas Boateng, a renowned international chartered director and industrial engineer, is set to hold a first-of-its-known-kind annual lecture series on industrialisation, supply …
The claim of China’s ‘overcapacity’ is a fallacy
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Recently, the United States and other Western countries have been incessantly hyping the so-called “overcapacity leading to unfair competition” in China’s new energy sector. They malign the export of China’s “new three” products — new energy vehicles, …
Hydra-headed network of new institutions in Economic Transformation Bill
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Given the massively controversial nature of some of the foreign direct investment being negotiated by this Government, those who question what looks like the unseemly hurry to enact this Bill, have a point The recent gazette on Economic Transformation, …
World exhibitors storm Lagos for food and beverage West Africa International trade show
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Kelvin Osa Okunbor May 26, 2024 …. To host over 300 exhibitors from 50 countries Exhibitors from five continents will be taking part in this year’s Food and Beverage West Africa trade exhibition, the largest edition yet. More than 300 exhibitors …
Kazakhstan to boost processed product exports to China by $1bn
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Kazakhstan is ready to further increase the export of processed products to China in the amount of $1bn for 135 commodity items, the Ministry of Trade and Integration of Kazakhstan reported. Photo: Kazakh-Chinese Subcommittee discusses strengthening …
LDC graduation and export prospects of Bangladesh
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The strategic emphasis on export diversification has been a long-standing policy objective in Bangladesh, as evidenced in its various medium-term national planning documents and long-term perspective plans. Nevertheless, the country’s export structure …
China’s new energy and EV sectors are ‘transforming’ global trade, no link to overcapacity claims: former commerce official
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“The development of new energy vehicles in China is by no means positioned as a solution to ‘domestic overcapacity’,” he said, arguing that the Chinese electric vehicle (EV) industry represented the future direction of the global vehicle sector and was an …
Overseas Education: UK rewards consultant with ‘Export Champion’ status
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For developing partnership and training with Nigerian schools, an educational consultant, Mark Brooks, has been awarded United Kingdom (UK) Government ‘Export Champion’ status for the third year in a row. UK’s Minister for Exports, Lord Offord, disclosed …
Chakwera opens the 34th Malawi International Trade Fair
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President Dr. Lazarus Chakwera today has officially opened the 34th Malawi International Trade Fair at Chichiri Trade Fair Grounds in the city of Blantyre. During the ceremony Chakwera called for concerted efforts between government and the private sector …
Former North American leaders in Utah to talk countering China's global trade influence
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SALT LAKE CITY — Stephen Harper doesn't agree with everything Donald Trump proposed on foreign trade policy, but said the former U.S. president was right on one thing: Western nations need to rethink their approach to trade with China. "I believe …
Thunderbird at ASU ranked No. 1 by QS International Trade Rankings for second consecutive year
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The Thunderbird School of Global Management at Arizona State University has secured its position as the world leader in international trade for the second consecutive year, as declared by Quacquarelli Symonds (QS), the esteemed global higher education …
Former President George W. Bush offers keynote at Zions Bank International Trade Summit
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SALT LAKE CITY, Utah; May 23, 2024 — Former President George W. Bush visited Salt Lake City today to speak at the Crossroads of the World International Trade Summit, hosted by Zions Bank and World Trade Center Utah. The 43rd U.S. president shared his …
Holcomb stresses need for international trade ties at economic summit
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INDIANAPOLIS (WISH) — Indiana Gov. Eric Holcomb on Thursday gave a veiled warning against rising opposition to free trade at home and abroad. The Republican governor’s remarks came on the first day of the Indiana Global Economic Summit at the Indiana …
DP World Dominicana and Punta Cana Free Trade Zone received the first cargo flight
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Punta Cana.- DP World Dominicana and Punta Cana Free Trade Zone, a company of the Puntacana Group, have initiated the air operations of the Air Cargo Hub Punta Cana, a multimodal platform for handling air, land, and sea cargo. This milestone was marked by …