Day: January 23, 2023

Jan 23

Brazil and Argentina to discuss common currency, boost regional trade

Brazil and Argentina are mooting the use of a common currency “that can be used for both financial and commercial flows, reducing costs operations.” The announcement was made in a joint statement by Brazilian President Luiz Inacio Lula da Silva and Argentine leader Alberto Fernandez quoted by Argentinian media outlet Perfil, reported Reuters. This is a positive development between the South American neighbours as the relations between the two nations had suffered a blow under former Brazilian right-wing President Jair Read Full Details…

Jan 23

Vietnam – important trading partner of France

In 2023, France and Vietnam celebrate two anniversaries including the 50th anniversary of the establishment of diplomatic relations between France and Vietnam (1973-2023) and the tenth anniversary of the strategic partnership between the two countries. French Consul General in HCMC Emmanuelle Pavillon-Grosser had a talk with Saigon Giai Phong Newspaper about this event. Vietnam is an important trading partner of France, said French Consul General in HCMC Emmanuelle Pavillon-Grosser as France and Vietnam have built a sustainable partnership in the Read Full Details…

Jan 23

Jewellery demand and trade: India gold market series

India, the world’s second-largest consumer of gold Jewellery, has experienced rapid change over the last few years due to evolving demographics.1 Weddings and festivals remain the most important drivers of Indian gold jewellery demand: bridal jewellery alone accounts for at least half of the market share. 2 Over the long term, gold jewellery demand in India will be driven by developments in economic growth, income growth and wealth distribution, as well as the rate of urbanisation. India’s gold Jewellery exports Read Full Details…

Jan 23

Help exporters brace pressures on trade

India’s merchandise exports shrank 12.2% last December—the second contraction in three months. The decline appears broad-based, with as many as 19 of the 30 key segments, like petroleum products, drugs and pharmaceuticals, witnessing a drop. Notwithstanding two months of contraction, private estimates peg India’s exports to grow by 1.5–2% in FY23, with Q4 numbers likely neutralising the decline. But the bad news is 2023 spells greater pressures for India’s trade, with key markets heading into a recession and exports becoming Read Full Details…