Category: Trade Partnership

Feb 26

Niger is Africa’s fastest growing country – how to feed 25 million more people in 30 years

Niger, a landlocked country in the dry Sahel region of Africa, struggles to feed its 25 million people. It currently ranks 115th out of 121 countries on the Global Hunger Index, and the number of people not getting enough to eat has increased from about 13% of the population in 2014 to 20% in 2022. Things could deteriorate even further as Niger confronts a “perfect storm”. The country has one of the highest population growth rates in the world, with Read Full Details…

Feb 26

Germany’s Scholz committed for Free Trade deal between India, EU

German Chancellor Olaf Scholz said on Saturday that he and India’s Prime Minister Narendra Modi were committed to sealing a free trade deal between India and the European Union (EU). “It’s an important topic and I’ll get personally involved,” Scholz said after his meeting with Modi in New Delhi. The EU and India revived negotiations to forge a free trade agreement last year with the aim of completing talks by the end of 2023. For the EU, a free trade Read Full Details…

Feb 21

Global slowdown may derail momentum

KUALA LUMPUR: Malaysia kicks off 2023 with another commendable trade performance but economists warn that the momentum may not last for long given the looming global slowdown. They said the country’s total trade, which grew nearly two per cent year-on-year (y-o-y) to over RM207 billion in January, remained robust although export growth was moderated sharply to a 27-month low. “Malaysia’s export performance has been commendable especially on the back of high base last year as well as uncertainties over global Read Full Details…

Feb 21

Why cross-border e-commerce is good news for Chinese brands

Cross-border e-commerce is playing an increasingly vital role in stabilizing China’s foreign trade and economic growth amid the recovery from the COVID-19 pandemic’s impacts, even as the external environment continues to present headwinds. Market observers attribute this trend to more and more Chinese vendors selling their products globally through cross-border e-commerce platforms. As a new form of foreign trade, cross-border e-commerce has emerged as a key pathway to mitigate the impact of the pandemic on foreign trade. It is also Read Full Details…

Feb 21

Reed Smith international lawyers, practices earn exclusive Chambers Global rankings

International law firm Reed Smith ranked Band 1 in seven practice categories, and eight of its lawyers earned Band 1 individual rankings in 10 categories, in the Chambers Global 2023 guide released today. The firm appeared for 55 practice areas; 53 of its lawyers were endorsed; it gained new entries in 11 practice categories; and its lawyers got new rankings in six categories. Reed Smith’s featured practices are concentrated on dispute resolution (including arbitration) and its lawyers have a high Read Full Details…

Feb 21

Merchandise exporters to pay 18% GST on shipping costs: Govt

Merchandise exporters will have to cough up 18% goods and services tax, or GST, on the services of transportation of goods, a move that the industry says could lead to cash flow issues at a time when exports are declining. This follows a recommendation of the GST Council that the place of supply of transportation of goods must be determined on the location of the service receiver, rather than on the basis of destination of goods. Source : economictimes.indiatimes.com/news/ For Read Full Details…

Feb 21

Japan’s clothing imports up 21.6% to 308,847 mn yen in Jan 2023

Japan’s clothing and accessories imports increased by 21.6 per cent to 308,847 million yen (approximately $2,301.96 million) in January 2023, accounting for 3.1 per cent of the total imports of 10,047,783 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 101,826 million yen in January 2023, a 5.6 per cent increase from the same period last year. Yarn Read Full Details…

Feb 20

Qatar lifts ban on frozen seafood from India

Qatar has lifted its temporary ban on the import of frozen seafood from India, paving the way for enhanced export and improved bilateral relations with the West Asian country. Qatar has lifted its temporary ban on the import of frozen seafood from India, paving the way for enhanced export and improved bilateral relations with the West Asian country, the Ministry of Commerce and Industry said in a statement. Source : currentaffairs.adda247.com/ For More Details

Feb 20

China’s taking control of LNG as global demand booms

A rush by China to sign new long-term liquefied natural gas (LNG) deals promises to give the nation even more control over the global market at a time when competition for cargoes is booming. Chinese companies are sealing the most LNG purchase agreements of any nation and increasingly are becoming the sector’s key import intermediary. The Chinese buyers are reselling many of the cargoes to the highest bidders in Europe and Asia, effectively taking charge over a hefty chunk of Read Full Details…

Feb 20

Inner Mongolia companies seek business expansion in Middle East

A legion of enterprises from north China’s Inner Mongolia Autonomous Region will leave for the United Arab Emirates and Saudi Arabia to seek business opportunities and cooperation, the regional commerce department said on Sunday. Arranged by the local government, the trip will see 51 foreign trade companies bring local specialties and feature products covering 11 categories, including sunflower seeds, raw and cooked beef, lamb and tomato sauce, to expand their markets in the Middle Eastern countries. A series of activities Read Full Details…