China’s cabinet on Tuesday issued a plan to stabilise its vital trade sector, including supporting exports of automobiles and facilitating visas for overseas businessmen, as subdued global demand threatens its exports outlook. The move came after Chinese officials repeatedly warned of a severe and complicated situation for foreign trade development as exporters reported lack […]
Brazil hopes the Mercosur trade deal with the European Union (EU) will be concluded this year, a government official said on Sunday, ending years of delay and opening the way to increased trade between the two regions. The EU and the Mercosur bloc of Argentina, Brazil, Paraguay and Uruguay completed negotiations in 2019 but […]
Chinese exporters exhibiting their products at the country’s largest trade fair said the weak global economy was hurting their businesses, with many freezing investments and some cutting labour costs in response. The subdued mood at the Canton Fair in the southern city of Guangzhou suggests China’s unexpected jump in exports in March may have […]
South Korea on Friday said it will provide 7 trillion won ($5.32 billion) in financial support for its battery makers seeking to invest in infrastructure in North America over the next five years to help firms cope with the U.S. Inflation Reduction Act. Government support will include lowering lending rates and insurance premiums by […]
The 11 members of a trans-Pacific trade pact which includes Japan and Australia are expected to soon reach broad agreement with Britain on it joining the partnership, two sources familiar with the matter told Reuters on Wednesday. An announcement is expected to be made soon, the sources added, declining to be identified because the […]
German exports to China declined significantly in February, dampening hopes of a trade revival following the end of strict coronavirus measures at the end of last year, the federal statistics office said on Tuesday. Exports to China, Germany’s most important trade partner, decreased by 12.4% to 7.9 billion euros ($8.46 billion) compared with February […]
The Brazilian and Australian governments have opened talks aimed at forging new agricultural trade agreements after representatives of both countries met this week, the Brazilian agriculture ministry said in a statement on Friday. While Brazil aims to export pork to Australia, the South American country could start importing Australian wheat and barley under a […]
Argentina buscará incentivar las exportaciones de las economías regionales mediante la aplicación de un tipo de cambio especial para el sector, lo que también apunta a afianzar las reservas del banco central, dijo el sábado el ministro de Economía Sergio Massa. “Para recuperar la competitividad que nos quitó la sequía y las heladas, vamos a implementar esquemas […]
The Treasury Department is preparing a new program that could prohibit U.S. investment in certain sectors of adversarial nations, the Wall Street Journal reported on Friday citing copies of reports provided to lawmakers on Capitol Hill viewed by the newspaper. The Biden administration’s work on the new rules would in practice largely deal with […]
Italy wants to team up with France and Germany to “influence” and slow the pace of European Union laws on cutting car and truck emissions, Industry Minister Adolfo Urso said on Saturday. Prime Minister Giorgia Meloni’s right-wing government has already come out strongly against the bloc’s decision to outlaw the sale of new petrol […]