Exports
US trade officials are racing against time to finalize trade deals with India, Pakistan, and Bangladesh ahead of the July 9 deadline to avert punitive US tariffs. The deals are crucial for the country's trade ties with these major trading partners, with India being its largest trading partner.
Exports
The trade deficit in Canada narrowed in May from a record high in April, but the country's exporters continue to face headwinds due to tariffs imposed by the US government. The deficit totaled $5.9 billion, with exports to the US slipping 0.9% in May after a
Exports
The state of Sarawak in Malaysia posted a robust trade performance in 2024, with a total trade value of RM198.7 billion and a trade surplus of RM71.1 billion, according to the Department of Statistics Malaysia (DoSM). The growth was attributed to higher commodity prices, particularly crude palm oil,
Exports
Canada's trade deficit with the world narrowed in May to $5.9-billion from a record high of $7.6-billion in April, but tariffs continued to weigh on exports to the United States, raising the stakes for trade negotiations between Ottawa and Washington. The deficit was marked by a
International cooperation
Turkish President Recep Tayyip Erdogan and Indonesian President Prabowo Subianto celebrated the 75th anniversary of their countries' diplomatic relationship with a series of high-level meetings and agreements. The 2-day visit in February led to the signing of multiple agreements in the fields of energy, health, agriculture, defense, communications, and
International cooperation
The Jordanian-British Partnership Committee, co-chaired by Dana Zoubi and Sarah Mooney, convened its second meeting via videoconference to explore ways to enhance economic and trade cooperation between the two countries, building on the 2019 bilateral partnership agreement. The meeting aimed to maximize the benefits of the agreement's simplified
Exports
The Philippine Ambassador to Nigeria, Mersole Mellejor, has announced a significant surge in bilateral trade between the two nations, with trade volume increasing from $47 million in 2023 to a remarkable $221 million in 2024. This growth is attributed to expanding economic cooperation, particularly in the energy sector, with over
Exports
The US agricultural trade deficit is expected to slightly rise to $49.5 billion in fiscal year 2025, up from the previously forecasted $49 billion, according to the USDA's quarterly trade outlook report. The ag trade deficit would surpass the previous record of $31.8 billion set in
Exports
The Kingdom's merchandise exports decreased by 10.9% in April 2025 compared to the same period last year, amounting to SAR90.3 billion, according to the General Authority for Statistics (GASTAT). Non-oil exports, including re-exports, showed a significant increase of 24.6% in April 2025, reaching SAR28.4
Exports
Pakistan's trade deficit with nine neighboring countries has increased by 32.82% to $11.17 billion in the first 11 months of FY25, according to official data released by the State Bank of Pakistan (SBP). The deficit rose from $8.41 billion in the same period last year,
Exports
The Association of Southeast Asian Nations (ASEAN) has put on hold the review of the Trade in Goods Agreement (AITIGA) with India, citing slow progress despite nine rounds of negotiations. India has been urging a review of the pact, citing a rising trade deficit, limited export gains, and uneven tariff
Exports
India's trade deficit with the ASEAN bloc has significantly widened in FY25, despite the implementation of the ASEAN-India Trade in Goods Agreement (AITIGA) in 2010. AITIGA was intended to provide India's exporters with preferential access to the ASEAN market, but more than half of India'
