Category: Trade Partnership

Mar 13

Milestone in India and Australia reach Critical Minerals Investment Partnership

NEW DELHI : India and Australia have reached a major milestone in working towards investment in critical minerals projects to develop supply chains between the two countries. The Union Minister for Coal, Mines and Parliamentary Affairs, Shri Pralhad Joshi, and Minister for Resources and Northern Australia Madeleine King held bilateral talks on Friday and announced the Partnership has identified five target projects (two lithium and three cobalt) on which to undertake detailed due diligence. Ministers from the two countries have Read Full Details…

Mar 12

Global Plastic Waste Export Import Business Opportunities

The issue of plastic waste has become a global environmental problem that requires urgent attention. Millions of tons of plastic waste are generated every year, and a significant portion of this waste ends up in our oceans and landfills, polluting the environment and harming wildlife. In response, many countries are seeking solutions to manage and reduce plastic waste, creating new business opportunities in the process. One of the ways in which countries are tackling plastic waste is through export and Read Full Details…

Mar 12

India-born Rajesh Agrawal to lead London trade mission to India

New Delhi, March 12 (IANS) London Deputy Mayor for Business Rajesh Agrawal will lead a delegation to India starting March 13, in the first in-person trade mission run by the Mayor’s International Business Programme to the country since 2019, to promote stronger trade and investment links. On a four-day mission from March 13-16, India-born Agrawal will visit New Delhi and Bengaluru and will be joined by 10 London tech companies including Electric Miles, Guider, OneID, and Softools, according to a Read Full Details…

Mar 12

Costa Rica begins construction of border post in Peñas Blancas

The Ministry of Foreign Trade (COMEX) informed that the construction of the border post in Peñas Blancas, Guanacaste, has begun. This was possible thanks to a loan agreement with the Inter-American Development Bank. “The works will be located on the borderline, in the same place where the current buildings are located and will cover an area of approximately 20,000 m2. The new infrastructure comprises new buildings and the remodeling of existing works, including approximately 72,000 m2 of streets and 9,500 Read Full Details…

Mar 12

US’ cotton product imports in 2022 drop post last year’s high: USDA

US cotton product imports in the calendar year 2022 were down after reaching the highest level in a decade (measured in square meters equivalent). Cotton product imports in 2022 were a record $57.0 billion, nearly $8.0 billion higher than the previous year as per the International Trade Administration’s Office of Textile and Apparels (OTEXA). Despite lower import volumes, a higher value was attributed to greater unit values and US consumers’ sustained demand for goods.Robust levels of consumer discretionary income, low Read Full Details…

Mar 11

Canada bans Russian steel, aluminum imports as part of sanctions regime

OTTAWA — Canada is banning the import of Russian steel and aluminum as part of its sanctions regime. Deputy Prime Minister Chrystia Freeland says this will help undermine Moscow’s ongoing invasion of Ukraine. The Department of Industry says Canada imported $208 million in steel products from Russia in 2021 and $79 million last year. Canada also imported $44 million in aluminum from Russia in 2021, followed by $16 million last year. Russia’s trade with Canada plummeted in the first 10 Read Full Details…

Mar 11

Western Canada is eyeing the new Indo-Pacific strategy for energy export hopes

As the Trudeau government fleshes out its Indo-Pacific strategy, Western Canada is seeking more certainty from the Liberals on expanding energy exports to Asia. “There are people in Ottawa who understand what our energy mix is, and what it has to be in the future,” Alberta Trade Minister Rajan Sawhney in an interview this week. “And there are others who are pushing back.” Last November, Foreign Minister Melanie Joly unveiled the government’s approach to the Indo-Pacific, which calls for deeper Read Full Details…

Mar 11

Record soybean harvest predicted despite Brazilian export decline of 31%

Brazil’s soybean harvest is behind schedule due to heavy rain with exports down 31% y/y in the first two months of 2023. But despite the slow start, Brazil has headed for a record harvest and a sharp increase in exports during the coming months,” says Filipe Gouveia, Shipping Analyst at BIMCO.This year’s soybean harvest is expected to reach 152.9 million tonnes, 21.8% higher than in 2022, according to the National Supply Company (CONAB). As of 6 March, 44% of the Read Full Details…

Mar 11

China-Russia Trade Breakdown and Future Development Trends

The increase in China – Russia trade is well acknowledged; however, details remain scarce as to the exact details. We provide a detailed breakdown and identify the coming trends – a US$400 billion bilateral trade potential and Russia’s developing use of China as a transit nation to markets in ASEAN. China-Russia 2022 Bilateral TradeThe Main Customs Administration of China has summed up the results of 2022: For the first time in its history, Russia became one of China’s top ten Read Full Details…

Mar 11

Russian wheat and fertilizer exports rise despite restrictions

Russia has repeatedly claimed that western sanctions are negatively affecting its agricultural exports in an effort to possibly block the renewal of a crucial grain deal next week, but data provided to The National suggest an overall increase in Russian fertilizer and wheat exports in 2022. This does not mean that the sanctions, which have not been imposed on agricultural products or fertilizers, have not affected Russian exports, said Joseph Glauber, a senior research fellow at the food security think Read Full Details…