International trade
The US Department of Commerce (DOC) has taken a significant step in addressing concerns over unfair trade practices by initiating antidumping and countervailing duty petitions on steel concrete reinforcing bar (rebar) imports from Algeria, Bulgaria, Egypt, and Vietnam. The investigation, led by the Rebar Trade Action Coalition and its individual
International trade
The European Union is investigating Chinese companies for a novel form of tariff evasion, where they add a thin layer to finished wood products to avoid customs notice. The EU has imposed anti-dumping duties of up to 62.4% on Chinese hardwood plywood, widely used in construction, after a surge
International trade
The World Bank has reaffirmed its projection that India will be the fastest-growing major economy in 2025 with a GDP expansion of 6.3%, despite a downward revision in its earlier forecast. This forecast marks a slight decrease from the projected 6.7% growth rate in January. The World Bank
International trade
As the 10th anniversary of the China-Singapore (Chongqing) Connectivity Initiative (CCI) is marked, the CCI-ILSTC Trade and Financial Conference kicks off a series of events commemorating the milestone, showcasing the growing interest in the CCI-New International Land-Sea Trade Corridor. The conference highlights the corridor's efficiency and viability, with
International trade
Mawani, the Saudi Ports Authority, has recently announced the introduction of the MEDEX shipping service by CMA CGM at Jeddah Islamic Port. This new service is expected to boost international trade, expand business opportunities, and support national exports by connecting Jeddah Islamic Port with 12 key regional and international ports.
International trade
Brazil's left-wing administration, led by President Luiz Inacio Lula da Silva, is planning to sell its first sovereign debt in the Chinese market as part of efforts to strengthen trade and investment ties with the Asian superpower. The government is also keen to re-enter the euro-denominated bond market,
International trade
US President Donald Trump's administration is prepared to ease restrictions on selling chips to China if Beijing accelerates the export of rare earths, according to Kevin Hassett, director of the White House National Economic Council. In a significant departure from the Biden administration's stance, Hassett suggested
International trade
Kenya's Small and Medium Enterprise (SME) sector plays a vital role in the country's economic growth, with the Central Region Economic Block (CEREB) being one of the largest regional economic blocks in East Africa. However, the region's SMEs face significant challenges in terms of
International trade
A recent study by researchers from the University of Illinois has found a significant correlation between rising trade protectionism, an indicator of economic deglobalization, and changes in key communication and social variables from 2009 to 2023. The study, titled "Deglobalization Trends and Communication Variables: A Multifaceted Analysis from 2009
International trade
Vietnamese Prime Minister Pháo!m Minh Chinh held short meetings with leaders of several countries and international organizations on the sidelines of the 3rd United Nations Ocean Conference in Nice, France. The leaders, including the President of the Dominican Republic, Prime Minister of Ireland, Deputy Prime Minister of Malta, Director-General
International trade
The Tariff Commission has ordered the imposition of anti-dumping duties on standard gypsum board imports from Thailand, citing "material injury" to the domestic industry. The duties will be imposed for a period of five years, targeting Gypman Tech Company Limited, Thai Gypsum Products PCL, and other exporters from
International trade
The World Bank has backed President Donald Trump's complaint that the US faces higher trade barriers abroad than foreign businesses do in the US market, recommending that countries reduce their tariffs to match the lower levies imposed by the US. The bank's economists expressed concern that
