Year: 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…

Jan 22

Sheep meat exports continue to rise

Latest research from the ADHB shows that during November, imports of fresh and frozen sheep meat totalled 2100 tonnes, back 271 tonnes (11.5 per cent) on October, and 480 tonnes (18.7 per cent) less on the year. Decreased imports were seen from all countries aside from Australia, Spain and Greece, however uplifts from these countries only amounted to an additional 140 tonnes. There was a reduction in EU imports by 23.2 per cent on October, with the largest decreases seen Read Full Details…

Jan 21

Top 5 Places to Incorporate Your Business

Starting and running a business in your home country is safe, but “safe” is never good enough for ambitious entrepreneurs. If you’re ambitious, penetrating new international markets has to be at the top of your agenda. You have to take risky gambles in order to succeed in business. Though risky to start, offshore incorporations open up new B2C marketing possibilities, a larger target audience, new business experiences, and more steady income streams. What does it mean to “incorporate” a business Read Full Details…

Jan 21

Crypto to play ‘major role’ in UAE trade: foreign trade Minister

UAE’s minister of state for foreign trade Thani Al-Zeyoudi noted that as the country has attracted a lot of talent from the crypto sector, the UAE now needs to roll out the correct regulation to support further growth. Crypto will play a “major role” in the United Arab Emirates’ global trade moving forward, says the UAE’s minister of state for foreign trade Thani Al-Zeyoudi. Speaking with Bloomberg on Jan. 20 in Davos Switzerland — where world leaders are currently gathered Read Full Details…

Jan 21

Green Ammonia Market Trend | Demand and Import/Export Details up to 2030

Quadintel added another report “Global Green Ammonia Market to its database. The report includes development analysis and in-depth insights for 2023–2030. It also provides a professional and in-depth analysis of future market development prospects and key business patterns, significant constraints and drivers, and profiles of leading market players. The Green Ammonia Market is separated into distinct segments and dividers on a global scale. In order to give users a better understanding of the market for calcium propionate, all information points Read Full Details…

Jan 21

Slumping China-bound Japanese exports raise fears of global downturn

Japan’s export growth slowed sharply in December as China-bound shipments fell for the first time in seven months, stoking fears of further slowdown in the global economy and external demand for Japanese shipments. Exports rose 11.5% year-on-year in December after a gain of 20% in November, marking the slowest growth since the start of 2022, dragged down by a fall-off in sales to China of cars, auto parts and chip-making machinery, Ministry of Finance (MOF) data showed on Thursday. The Read Full Details…

Jan 21

Japan’s clothing imports up 18.6% to 258,588 mn yen in Dec 2022

The imports of clothing and accessories by Japan increased by 18.6 per cent year-on-year to 258,588 million yen ($2,009.90 million) in December 2022. They were 2.5 per cent of the total imports of 10,235,704 million yen during the period under review, according to the provisional trade statistics released by the Far Eastern country’s ministry of finance. The imports of textile yarn and fabric were valued at 100,215 million yen in December 2022, which was 14.1 per cent higher than the Read Full Details…