International trade
French cognac producers have agreed to raise prices in China to avoid anti-dumping taxes, a move aimed at maintaining their market presence in the country. The decision comes after Beijing announced that major European brandy exporters would face taxes of up to 34.9% if they failed to comply. The
International trade
Vietnam's Foreign Trade University (FTU) has been awarded the International Prize for Gender Equality in Trade by the World Trade Organisation (WTO) for its outstanding efforts in promoting gender equality in trade. The awards ceremony was held at the WTO headquarters in Geneva, Switzerland on July 2. The
International trade
The World Trade Organization's latest Trade Monitoring Update has highlighted a volatile and unpredictable global trade landscape due to a sharp rise in new tariffs and trade-related actions between October 2024 and May 2025. Despite these challenges, the report notes an encouraging trend of dialogue and negotiations towards
International trade
The Sharjah Chamber of Commerce and Industry (SCCI) concluded its inaugural trade mission to Mauritius, a strategic move aimed at strengthening economic ties and fostering business-to-business engagement between the two nations. The mission took place from June 30 to July 3, 2023, in collaboration with the Economic Development Board (EDB)
International trade
Nigeria's central government has pledged support for the Nigeria-Indonesia Investment Forum 2025, aimed at boosting bilateral trade and attracting foreign investment. The forum, to be held in Jakarta, Indonesia from October 15 to 23, is expected to deepen trade volumes between the two nations. According to Ishmael Balogun,
International trade
Chiayi County Magistrate Weng Chang-liang and representatives from various Taiwanese and Polish organizations signed a memorandum of understanding to promote industrial cooperation in cybersecurity modules, automotive electronics, and drone applications. The ceremony marked a significant step towards advancing economic and trade relations between Taiwan and Poland. According to Chiayi'
International trade
In an increasingly interconnected and competitive world, countries are turning to protectionism as a means of securing their economies. However, this trend should be a concern to nations that rely heavily on global supply chains, like Malaysia. The country's manufacturing economy is heavily reliant on imported technologies, making
International trade
South Korea and China held a bilateral meeting on supply chains to explore ways to bolster stability in the region, amidst growing global trade uncertainties. The third round of the supply chain hotline meeting was convened in Seoul, where the two countries discussed Beijing's export control measures and
International trade
A key Bank of England policy-maker has expressed concern that the inflation outlook may be pushed "off track" due to global trade disruptions and weakening demand. Alan Taylor, an external member of the Monetary Policy Committee (MPC), stated that interest rates should be cut three more times in
International trade
The European Union has extended anti-dumping measures on imports of citric acid from China for a further five years, following an expiry review conducted in accordance with World Trade Organisation and EU legislation. The measures, which range from 16.3% to 42.7%, reflect the levels of dumping found in
International trade
The Kano State government has taken decisive action to prevent further attacks on its citizens after a devastating bomb explosion at a metal scrap factory in the city. The blast killed five people and left many injured, prompting the State's Commissioner for Security and Home Affairs, Ibrahim Umaru,
International trade
As concerns about global trade woes and their impact on the UK's inflation outlook continue to grow, a Bank of England policymaker has called for interest rates to be cut three more times in 2025. Alan Taylor, an external member of the Monetary Policy Committee (MPC), made the
