Trade agreements
Egyptian Ambassador to Pakistan, Dr. Ihab Mohamed Abdelhamid Hassa, has initiated a proposal for a Preferential Trade Agreement (PTA) between Pakistan and Egypt, aiming to boost bilateral trade and strengthen economic ties between the two nations. The suggestion was made during a meeting with Rana Ihsaan Afzal Khan, Coordinator to
Trade agreements
The United States has reversed a trade deficit with Indonesia that ballooned to $1.1 billion over the past four years, thanks to a new trade deal with the Southeast Asian nation. The agreement, announced as a joint statement on the framework for a reciprocal trade agreement, aims to boost
Exports
The Sri Lankan government is exploring the possibility of importing US West Texas Intermediate (WTI) crude oil as part of ongoing efforts to narrow the trade deficit with the United States and seek relief from recently imposed tariffs. This initiative follows US President Donald Trump's decision to introduce
Exports
The U.S. agri-food sector has witnessed a significant decline in its trade balance, with 2019 marking the first year in decades where the sector experienced a trade deficit. The deficit has continued to rise, from a $1.17 billion shortfall in 2019 to a projected $32.5 billion by
Exports
Pakistan's Federal Minister for Commerce, Jam Kamal Khan, recently engaged in a series of meetings with British trade organizations and businesses in Birmingham, emphasizing the country's readiness to diversify its export basket and expand its foothold in the UK market. During his visit, the minister highlighted
Chambers of commerce
Pakistan's Federal Commerce Minister, Jam Kamal Khan, continues his official visit to the United Kingdom with a focus on promoting deeper commercial ties, new market opportunities, and expanding Pakistan's export footprint in the UK. A productive day of engagements in Birmingham, a key industrial hub in
Chambers of commerce
During his visit to the United Kingdom, the Honourable Federal Minister for Commerce, Jam Kamal Khan, engaged in various meetings and visits to promote deeper commercial ties and expand Pakistan's export presence in the UK. In Birmingham, the Minister met with the Greater Birmingham Chamber of Commerce, highlighting
Exports
Thai officials believe that a trade surplus with the US can be maintained despite the ongoing trade war, with Dr. Chanin Chalisaraphong, Vice Chairman of the Thai Chamber of Commerce, predicting a growing agricultural and food export revenue of 4 trillion baht within 7 years. The country aims to increase
Exports
The eurozone recorded a significant increase in its trade surplus in May, driven by a rebound in the chemicals sector and a smaller energy deficit. According to data from Eurostat, the goods trade surplus widened to EUR16.2 billion in May, compared to EUR11.1 billion in April and EUR12.
Chambers of commerce
The Philippines and Malaysia are strengthening their trade ties with the signing of a memorandum of understanding (MOU) between the Philippine Guarantee Corp. (PHILGUARANTEE) and the Malaysian Chamber of Commerce and Industries Philippines Inc. (MCCI). This MOU aims to increase bilateral trade between the two countries, particularly in the export
Chambers of commerce
Global merchandise trade volume showed a surge in the first quarter of 2025, with a 3.6% month-on-month increase and a 5.3% year-on-year growth, driven by significant imports in North America due to expected tariff increases. The World Trade Organization's (WTO) latest forecast was surpassed by the
Chambers of commerce
Turkey and Georgia have set an ambitious target of reaching a $5 billion bilateral trade volume, with the current volume exceeding $3.5 billion. The trade ministers of both countries, Omer Bolat and Mariam Kvrivishvili, recently emphasized the importance of their economic relationship and highlighted the progress made in recent
