Category: Trade Partnership

Feb 13

India’s toy exports touch Rs 1,017 crore during April-December this fiscal

The country’s toy exports have touched Rs 1,017 crore during April-December period this fiscal, according to the government data. In 2021-22, the exports stood at Rs 2,601 crore. “Made in India toys continue to tap global markets! India’s toy exports rose to more than 6 times in April-December 2022 as compared to the same period in 2013,” commerce and industry minister Piyush Goyal said in a tweet. During April-December 2013-14, the shipments were at Rs 167 crore. The government is Read Full Details…

Feb 12

Multinational Companies in Costa Rica Generated 22,000 New Jobs in 2022

SAN JOSÉ, Costa Rica, Feb. 10, 2023 /PRNewswire/ — The Costa Rica Investment Promotion Agency (CINDE) and the Ministry of Foreign Trade (COMEX) announced in a press conference that Costa Rica was able to add 101 direct foreign investment projects during 2022 that generated 22,000 net jobs. Eleven new investments coming from seven non-traditional geographic locations such as Canada, Chile, and Germany were pointed out. As explained by the Managing Director of CINDE, Jorge Sequeira, this translates into 40 greenfield Read Full Details…

Feb 12

Peru and Australia commemorate three years of Free Trade Agreement

Three years after the entry into force of a Free Trade Agreement, Australia has become the main destination for Peruvian exports to Oceania. Peru exports fishing (52%), agricultural (28%), and chemical (8%) goods to the country down under. Similarly, it imports inputs (73% of the total) from said nation. Australia is a market of great opportunities. The variety of goods currently being imported by the main economy in Oceania translates into countless alternatives for Peruvian exporters —namely those linked to Read Full Details…

Feb 12

Norway supports India’s initiative on multilateralism & rule-based trade: Trade Minister

Norway’s Trade and Investment Minister Jan Christian Vestre has stated that his country fully supports India’s efforts in promoting multilateralism and a rules-based trade system. The minister praised the Indian government’s leadership at the G-20 and highlighted the importance of continuing the process of globalization. “That’s an initiative our government supports 100 per cent and we also appreciate your leadership at G-20 and that you are so focussed on multilateralism and that we ne .. The Norwegian minister, who was Read Full Details…

Feb 12

China Focus: China’s warming foreign trade boosts global economic recovery

The booming orders at the beginning of 2023 mark a robust rebound in foreign trade in south China’s Guangdong Province, a primary economic hub, injecting new impetus into the global economic recovery. With eased epidemic controls and resumed international communication, particularly the economic and trade contacts, some factories in Huizhou City, Guangdong, are facing surging orders from overseas and a growing demand for industrial workers. Fierce competition to grab orders in the broad overseas markets is also in sight among Read Full Details…

Feb 12

Green factories brighten image of apparel sector

Bangladesh’s apparel industry has witnessed numerous ups and downs ever since the deadly fire at the Tazreen Fashions factory in Ashulia and collapse of Rana Plaza in Savar about a decade ago. Following these two disasters, the industry underwent massive reforms while also being made to withstand the severe implications of Covid-19 and now the ongoing Russia-Ukraine war. Still, it has defied the prolonged global economic downturn as export earnings from the sector remain in the positive territory. The apparel Read Full Details…

Feb 10

Brazil concerned with the concentration of its foreign trade: few products and volumes mostly to China

In the last ten years, up until 2021, Brazilian export to China grew at a greater rate that those to rest of the world. From 2012 to 2021, China’s importance as an export destination for the five regions in which Brazil is divided grew exponentially, and of the 27 federal states, 21 saw their sales to China grow above the expansion of their sales to the world. In the period, however, the export basket was negatively concentrated around a few Read Full Details…

Feb 10

European Economic News Preview: UK GDP & Foreign Trade Data Due

Quarterly national accounts from the UK and monetary policy decision from Russia are the top economic news due on Friday. At 2.00 am ET, the Office for National Statistics is scheduled to issue UK’s quarterly national accounts, industrial production and foreign trade figures. The economy is forecast remain flat sequentially in the fourth quarter, after shrinking 0.3 percent in the third quarter. The UK visible trade deficit is seen rising to GBP 16.4 billion from GBP 15.6 billion in November. Read Full Details…

Feb 09

Jamaica’s foreign trade action plan to be reviewed

Jamaica’s Foreign Trade Action Plan, which outlines general policy direction, implementation priorities and strategies, is to be reviewed. This was disclosed by Minister of Foreign Affairs and Foreign Trade, Senator Kamina Johnson Smith, who says the private sector will be an “indispensable part” of this process. “So even as we will explain to you (the private sector) more about how these arrangements can work, we need you to tell us of the opportunities that you believe can be seized, so Read Full Details…

Feb 09

British business sizes up global trade wins as Malaysia and Chile join Indo-Pacific bloc

UK business opportunities bolstered as Malaysia and Chile join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) Malaysia and Chile ratify membership of CPTPP, bolstering the Indo-Pacific trade bloc worth a combined £9 trillion of GDPThe UK is working to become the first European member of the bloc this year with negotiations progressing wellBritish businesses can add Malaysia and Chile to the list of countries they could benefit from lower tariffs on exports to now they have joined CPTPPMalaysia Read Full Details…