Day: May 11, 2023

Food and Bakery Product
May 11

The Worldwide Demand for Food and Bakery Products

The demand for food and bakery products has been steadily increasing over the years, with people all over the world looking for tasty, affordable, and convenient options to satisfy their hunger. This has led to a thriving industry that caters to the needs of millions of people worldwide. One of the reasons for the increase in demand is the growing population. According to the United Nations, the world’s population is expected to reach 9.7 billion by 2050, up from the Read Full Details…

May 11

ASEAN Economic Outlook 2023

The ASEAN region will remain one of the fastest-growing regions of the world in 2023 but economic growth will likely fall marginally from 2022. This is largely due to worsening global economic conditions and tightening monetary policy. The second half of the year will likely see conditions that are more conducive to organic growth as falling inflation provides central banks with greater rate flexibility. This should complement increasing economic activity in China. The ASEAN region will remain attractive to foreign Read Full Details…

May 11

The Foreign Trade Top Demanding Market 2023

As we enter 2023, the global trade landscape is experiencing rapid shifts in demand and supply patterns. The Covid-19 pandemic has significantly impacted the world economy, leading to disruptions in supply chains and changes in consumer behavior. These shifts have resulted in new opportunities and challenges for businesses engaged in foreign trade. In this article, we will discuss the top demanding foreign trade markets in 2023 and explore the factors driving their growth. China continues to be the largest exporter Read Full Details…

May 11

The African Continental Free Trade Opportunities

The African Continental Free Trade Area (AfCFTA) is a free trade agreement between African Union member states that aims to create a single market with free movement of goods, services, and people. This agreement has the potential to create a number of opportunities for businesses and entrepreneurs throughout the continent. The key opportunities presented by the AfCFTA : Increased Trade The AfCFTA presents an opportunity for businesses to increase trade within Africa. Currently, African countries trade more with countries outside Read Full Details…

May 11

Know about Active Tariffs and Non-Tariff Barriers in International Trading Goods in 2023

International trade has been an essential driver of economic growth for many countries around the world. However, various barriers hinder the smooth flow of goods across borders. Tariffs and non-tariff barriers (NTBs) are the most common forms of such barriers. The state of active tariffs and non-tariff barriers in the international trade of goods in 2023 : Active Tariffs A tariff is a tax imposed by a government on imported goods. Its primary purpose is to protect domestic industries and Read Full Details…