Day: February 12, 2023

Feb 12

Multinational Companies in Costa Rica Generated 22,000 New Jobs in 2022

SAN JOSÉ, Costa Rica, Feb. 10, 2023 /PRNewswire/ — The Costa Rica Investment Promotion Agency (CINDE) and the Ministry of Foreign Trade (COMEX) announced in a press conference that Costa Rica was able to add 101 direct foreign investment projects during 2022 that generated 22,000 net jobs. Eleven new investments coming from seven non-traditional geographic locations such as Canada, Chile, and Germany were pointed out. As explained by the Managing Director of CINDE, Jorge Sequeira, this translates into 40 greenfield Read Full Details…

Feb 12

Peru and Australia commemorate three years of Free Trade Agreement

Three years after the entry into force of a Free Trade Agreement, Australia has become the main destination for Peruvian exports to Oceania. Peru exports fishing (52%), agricultural (28%), and chemical (8%) goods to the country down under. Similarly, it imports inputs (73% of the total) from said nation. Australia is a market of great opportunities. The variety of goods currently being imported by the main economy in Oceania translates into countless alternatives for Peruvian exporters —namely those linked to Read Full Details…

Feb 12

India seeks talks before WTO fixes ecommerce rules

India has pitched for deeper deliberations to take place before the World Trade Organisation (WTO) defines rules in the ongoing discussions on e-commerce trade. An official statement said this is being done with an aim to promote inclusive and equitable development of the service at a global level. In line with the same, two papers have been prepared by India for consideration of the Work Programme on Commerce (WPEC) under the WTO. These documents are setting the tone of discussions Read Full Details…

Feb 12

Norway supports India’s initiative on multilateralism & rule-based trade: Trade Minister

Norway’s Trade and Investment Minister Jan Christian Vestre has stated that his country fully supports India’s efforts in promoting multilateralism and a rules-based trade system. The minister praised the Indian government’s leadership at the G-20 and highlighted the importance of continuing the process of globalization. “That’s an initiative our government supports 100 per cent and we also appreciate your leadership at G-20 and that you are so focussed on multilateralism and that we ne .. The Norwegian minister, who was Read Full Details…

Feb 12

China Focus: China’s warming foreign trade boosts global economic recovery

The booming orders at the beginning of 2023 mark a robust rebound in foreign trade in south China’s Guangdong Province, a primary economic hub, injecting new impetus into the global economic recovery. With eased epidemic controls and resumed international communication, particularly the economic and trade contacts, some factories in Huizhou City, Guangdong, are facing surging orders from overseas and a growing demand for industrial workers. Fierce competition to grab orders in the broad overseas markets is also in sight among Read Full Details…

Feb 12

Green factories brighten image of apparel sector

Bangladesh’s apparel industry has witnessed numerous ups and downs ever since the deadly fire at the Tazreen Fashions factory in Ashulia and collapse of Rana Plaza in Savar about a decade ago. Following these two disasters, the industry underwent massive reforms while also being made to withstand the severe implications of Covid-19 and now the ongoing Russia-Ukraine war. Still, it has defied the prolonged global economic downturn as export earnings from the sector remain in the positive territory. The apparel Read Full Details…