China becomes the main importer of Russian oats, promoting bilateral trade
March 14, 2024
According to the latest data from the Russian Agricultural Products Export Development Center (Agroexport), in the first two months of 2024, China has surpassed other countries to become the largest importer of Russian oats. This trend not only strengthens the cooperation between the two countries in the agricultural field, but also reflects the growing demand of the Chinese market for Russian grain. According to Sputnik News Agency, in 202...
Brazil to become world’s third largest cotton producer
March 13, 2024
Brazil, the South American agricultural powerhouse, is expected to make history between 2023-2024, with cotton output reaching 1.4 million packs, up 23.7% from last year. According to the latest report of the U.S. Department of Agriculture (USDA), this significant growth will not only consolidate Brazil’s important position in the global textile industry, but also make it surpass the United States, becoming the only country in the world after China and India.
India and four EFTA countries sign $100 billion free trade agreement
March 12, 2024
India and the four countries of the European Free Trade Association (EFTA)—Switzerland, Norway, Iceland, and Liechtenstein—have concluded more than 15 years of lengthy negotiations and finally signed a historic free trade agreement worth US$100 billion. This agreement marks an important step forward for India in the global trade arena and will have a profound impact on the economic future of both parties. ...
Turkey adjusts its import and export tariff policies towards China and around the world
March 11, 2024
Turkey has made a series of significant adjustments to its import and export tariff policies, aimed at addressing domestic and international economic changes and further regulating international trade activities. These adjustments affect multiple industries, from agricultural products to synthetic fibers to automobile tires, significantly impacting the operations and market strategies of domestic and international companies. Firstly, in the agricultural sector, the Turkish government has...
my country's goods trade grew 8.7% in the first two months, with a wider trade surplus
March 8, 2024
According to customs statistics, in the first two months of 2024, Chinas total import and export value of goods trade reached 6.61 trillion RMB (approximately 930.86 billion USD), representing a year-on-year increase of 8.7%. This growth data demonstrates the recovery and expansion of Chinas trade dynamism, which is particularly significant in the context of global economic recovery. During this period, Chinas total exports amounted to 3.75 trillion...
The EU's "Digital Market Law" came into force on March 7, reshaping the global technology competition landscape
March 7, 2024
With the EU Digital Market Act (DMA) coming into force on March 7, technology industry and regulators around the world are closely watching how this milestone legislation will reshape the competitive landscape of the digital economy.As one of the anti-monopoly measures implemented by the EU against tech giants, the Digital Market Act aims to clarify the responsibilities of digital service providers and curb large online platforms.
EU plans to raise concerns about Chinas retrospective tariffs on electric vehicles
March 7, 2024
As global electric vehicle (BEVs) market competition intensifies, the European Commission’s latest initiative could further tighten trade relations with China and Europe.According to Reuters reports on Tuesday, the European Commission has issued an emergency notice announcing plans to customs registration of pure electric vehicles imported from China, as part of its counter-subsidy investigation.This measure could lead to...
Bangladesh Surpasses China to Become Britains Largest Exporter of Clothing
March 6, 2024
In recent months, Bangladesh and China have been in fierce competition on the UK clothing export market. According to the latest data released by the British government, between January and November 2023, Bangladesh has surpassed China in four months, becoming the largest clothing exporter on the UK market. This achievement marks Bangladesh’s position in the global textile industry is continuing to grow.
Egypt continues to expand Suez Canal to meet shipping challenges
March 6, 2024
Despite the challenges of sea navigation caused by the Houthi attacks, Egypt continues to expand and improve the Suez Canal. Since December last year, tensions in the Red Sea region have had a significant impact on the Suez Canal traffic, reducing sea traffic into the Mediterranean Sea by more than 60 percent.
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