Day: February 9, 2023

Feb 09

Jamaica’s foreign trade action plan to be reviewed

Jamaica’s Foreign Trade Action Plan, which outlines general policy direction, implementation priorities and strategies, is to be reviewed. This was disclosed by Minister of Foreign Affairs and Foreign Trade, Senator Kamina Johnson Smith, who says the private sector will be an “indispensable part” of this process. “So even as we will explain to you (the private sector) more about how these arrangements can work, we need you to tell us of the opportunities that you believe can be seized, so Read Full Details…

Feb 09

European nations ‘dumping’ frozen potato chips on SA market, domestic producers complain

European countries with a glut of potato crops have been accused of ‘dumping’ supplies of frozen chips in South Africa, in effect undercutting local producers. However, temporary anti-dumping duties levied against Belgium (23.06%), the Netherlands (104.52%) and Germany (181.05%) have run their course without any word from government on whether they will be renewed or brought into permanent effect. Source : dailymaverick.co.za/ For /more Details

Feb 09

British business sizes up global trade wins as Malaysia and Chile join Indo-Pacific bloc

UK business opportunities bolstered as Malaysia and Chile join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) Malaysia and Chile ratify membership of CPTPP, bolstering the Indo-Pacific trade bloc worth a combined £9 trillion of GDPThe UK is working to become the first European member of the bloc this year with negotiations progressing wellBritish businesses can add Malaysia and Chile to the list of countries they could benefit from lower tariffs on exports to now they have joined CPTPPMalaysia Read Full Details…

Feb 09

Hong Kong and United Arab Emirates set to commence talks on bilateral free trade agreement, city leader John Lee says

Hong Kong and the oil-rich United Arab Emirates (UAE) are set to commence negotiations on a bilateral free trade agreement to boost investment ties between the two economies, the city’s leader has announced during his visit to Dubai.Memorandums of understanding (MOUs), meanwhile, have been exchanged between Hong Kong Science and Technology Parks Corporation and its counterpart in the Emirates, as well as between a local architectural firm, a home-grown tech start-up and an Abu Dhabi smart city operator. Chief Executive Read Full Details…

Feb 09

China’s exports, imports tumble

Both exports and imports plunged in China last month, official data showed on Friday, as Covid tore through the economy and global demand weakened. Exports contracted by 9.9% in December year-on-year, following an 8.7% fall in November. December’s decline was the worst since February 2020, although it was ahead of forecasts for a 11.1% slide. Imports fell 7.5%, although that was a marginal improvement on November’s 10.6% decline and better than forecasts for a 9.8% drop. The trade surplus widened Read Full Details…