International trade
Landlocked countries face significant obstacles when it comes to accessing international markets and conducting trade. These nations rely on neighboring countries for maritime access, which can lead to increased transportation costs, congestion, and delays. Ethiopia, a landlocked country, pays Djibouti almost $2 billion per year for port services, accounting for
International trade
President Donald Trump's executive order to increase taxes on imports from dozens of countries, including the European Union, Japan, and South Korea, has taken effect, marking a significant escalation in the US's global trade efforts. The new tax rates, which range from 15% to 41%, will
International trade
The Hainan Provincial People's Government has introduced a new regulation to establish a credit management mechanism for customs clearance at "second-tier ports" in the Hainan Free Trade Port. This mechanism will implement precise and categorized supervision of customs clearance operators and individuals based on credit ratings,
International trade
The National Assembly on Thursday passed the Pakistan Land Port Authority Bill 2025, a landmark move aimed at improving cross-border trade and travel by establishing a dedicated authority to manage land ports. This legislation follows the footsteps of Bangladesh (2002) and India (2012) in establishing similar authorities. The bill, introduced
International trade
President Donald Trump's promise to raise tariffs on foreign goods has come to fruition, despite a weaker-than-expected jobs report and market selloffs on Friday. The newly imposed tariffs, which took effect on August 1, 2025, will impact nearly every U.S. trading partner, with some countries facing significantly
Exports
In a significant development, Romania has offered Pakistan access to the European market through the Port of Constanta, a key trade route via the Black Sea and Danube River. The proposal was welcomed by Islamabad, which sees it as a major step towards diversifying its export logistics. The initiative was
Exports
Federal Minister for Commerce Jam Kamal Khan and Romanian Ambassador Dan Stoenescu held a productive meeting in Islamabad, discussing enhanced cooperation in various sectors including trade, logistics, defense, energy, and culture. The meeting revolved around exploring new avenues for cooperation, with a focus on leveraging Romania's Constan?a
Infrastructure (Economics)
Phu Quoc island, located off the coast of Vietnam's An Giang province, is poised to become a significant maritime hub within the country's long-term national development plans. As it gears up for APEC Economic Leaders Week 2027, the island is accelerating efforts to modernise its key
Exports
The Port of Itaqui in the Brazilian state of Maranhao has solidified its position as the primary link between the state's agribusiness and the international market. With its modern and strategic infrastructure, the port serves as a vital transportation hub for agricultural production in the southern part of
Infrastructure (Economics)
The Indian government is developing the National Waterways project to improve transportation efficiency and promote economic growth in regions along the river Ganga. This project, led by the Inland Waterways Authority of India (IWAI), aims to benefit local communities, farmers, and fishermen by constructing 60 community jetties and floating jetties/
Exports
Governor Rafael Fonteles of Piaui will participate in the closing of Nordeste Export 2025, the main forum on logistics, infrastructure, and transport in the region, an event that began on Thursday at the Blue Tree Towers Hotel in Teresina. The forum aims to bring the public and private sectors together
Infrastructure (Economics)
Hainan Daily has launched a column called "Free Trade Port Enterprise Stories" to tell the struggle stories of Hainan's outstanding enterprises, with a focus on their contributions to the construction of the Hainan Free Trade Port. Among these stories, China Telecom Hainan's (Haikou) International
