Day: February 17, 2023

Feb 17

Mexico to relax restrictions on GM corn imports

MEXICO CITY, MEXICO — Mexico has announced that it is softening its proposed ban on GM corn imports, reversing course on plans to ban GM corn in animal feed after the United States threatened trade retaliation, Reuters reported. The decision, announced earlier this week, does not impact Mexico’s plan to ban GM corn for human consumption as well as any use of glyphosate, a controversial herbicide that the International Agency for Research on Cancer has labeled as “probably carcinogenic to Read Full Details…

Feb 17

World Trade & Customs Directory 2023: Access to 10,000+ Senior Officials and Working-level Decision-makers Across the WTO, WCO, European Union, OECD, MERCOSUR, OAS, and NAFTA and APEC

The World Trade & Customs Directory is the world’s only specialized directory of trade and customs officials around the globe. This Directory provides specialized information on government agencies, officials, and institutions throughout the world that regulate trade in goods and services. With its unique organizational charts and extensive directory listings of foreign officials, the World Trade & Customs Directory is an indispensable strategic resource for all international trade practitioners. Its 1,200 pages help you understand and work with governments in Read Full Details…

Feb 17

Imports and Exports of Copper Semis Slumped in January due to CNY holiday

SMM expects that China’s copper semis imports in January to have fallen 33.41% MoM and 47.41% YoY to 22,000 mt. Exports are estimated to stand at 31,500 mt in January, down 36.18% MoM, and down 55.82% YoY. We believe that the sharp month-on-month drop in copper semis imports in January was due to the CNY holiday. According to customs data, the total import volume of copper rods and copper wires from January to December 2022 was 142,100 mt, a significant Read Full Details…

Feb 17

India’s soymeal exports to soar as drought trims Argentine supply

Soymeal exports from India are increasing sharply as drought has hit output from top exporter Argentina, with 500,000 tonnes likely to be shipped from the South Asian country in February and March combined, three exporters said. The drop in Argentina’s output has driven up the South American producer’s prices, making Indian soymeal more competitive. India’s exports in the first four months of the 2022/23 marketing year, which began on Oct. 1, surged 65% to 631,000 tonnes, nearly matching the 644,000 Read Full Details…

Feb 17

Georgia signs agreement to expand vehicle import/export port

The Georgia Ports Authority and the Army Corps of Engineers have signed an agreement to expand the Port of Brunswick, a move state officials said will help prepare the port for expansion. The agreement, announced Monday, clears the way for the Corps to begin dredging and widening certain sections of the port to accommodate larger vessels and shipments rolling onto and off of cargo ships. “The channel improvements will allow ocean carriers to serve the Port of Brunswick with greater Read Full Details…

Feb 17

In charts: How a global slowdown is effecting India’s exports and the economy

India’s labour intensive sectors could bear greater brunt of global deceleration in 2023. Global slowdown this year will be led by advanced economies, especially the US and the eurozone. Being two of India’s largest export destinations, a slowdown in their economies would imply lower demand for Indian exports. Sectors such as textiles, footwear, and leather depend significantly on these two regions, making them particularly vulnerable to a slowdown in these economies, according to an analysis by Crisil. S&P Global, in Read Full Details…