International trade: What you need to know this month
Mar 28, 2024 · This monthly roundup brings you a selection of the latest news and updates on global trade. Top international trade stories: New UN update suggests trade will rebound in 2024; India and EFTA sign new trade deal; Supply chain concerns after cargo ship hits US bridge. 1. Global trade set to rebound in 2024. The latest Global Trade Update from the ...
The biggest international trade news for December 2023 | World …
Dec 7, 2023 · 2. EU-Mercosur trade deal faces delays. A long-delayed trade treaty between the EU and the Mercosur bloc of South American nations has hit a further stumbling block with the cancellation of EU trade commissioner Valdis Dombrovskis' trip to Brazil to finalize the agreement.
International trade: What you need to know this month
Oct 10, 2023 · In July 2023, global trade was down 3.2% on the year before, the fastest drop since the start of the pandemic. Eurozone trade fell 2.4% and in China - the world’s largest exporter - it was down 1.5%. Global trade also shrunk by 2.4% in June and it’s set to fall further still, experts say. There are a number of reasons for this.
The biggest news about international trade in April 2023 | World ...
Apr 26, 2023 · The forecast is higher than the WTO's October estimate for 2023 growth of 1.0% because of an improvement in the outlook for the global economy. But it is still below the 2.6% average for the 12 years since trade volumes collapsed after the global financial crisis. World merchandise trade volumes will rise by 1.7% in 2023, the WTO predicts.
Leaders warn over decoupling, and other world trade news
Jul 17, 2024 · Leaders warned that trade and technological decoupling is impacting businesses and consumers as prices rise and supply chains get disrupted. "You see the global tension between the US and China, you see the polarized world," said Mohamad Al-Ississ, Minister of Finance of Jordan. "The challenge is, frankly, that mistrust is there.
The biggest news about international trade in May 2023 | World …
May 24, 2023 · Regional integration was a major topic of the World Economic Forum’s Growth Summit 2023, which took place on 2-3 May. In a session titled Regional Trade and Cooperation in a Fragmenting World, top business and trade officials discussed how best to foster regional trade and how regional cooperation can bolster the global economy.
Global trade is fragmenting. The WTO must make a stronger case …
Feb 28, 2024 · Trade ministers from around the world are convening at the end of February in Abu Dhabi for the 13 th Ministerial Conference of the World Trade Organization. The event is a biennial opportunity for the WTO’s 164 members to meet at the highest level to review the functioning of the multilateral trading system and decide on its future.
AI regulation necessary and other international trade stories
Oct 11, 2024 · This monthly round-up brings you a selection of the latest news and updates on global trade. Top international trade stories: Harmonize AI regulation to avoid trade frictions; US port strikes end; EU imposes new tariffs on Chinese EVs. 1. Generative AI needs global governance to avoid trade barriers. Generative artificial intelligence (AI) has ...
These are the world’s biggest trading blocs
Apr 28, 2023 · 5. African Continental Free Trade Area (AfCFTA) Launched in 2020 to create a continent-wide market embracing 55 countries with 1.3 billion people, the AfCFTA’s founders say it could increase trade within the continent by 52.3% by eliminating import duties.
International trade: US-UK deal and top news in June 2023 | World ...
Jun 23, 2023 · 1. US and UK sign 'Atlantic Declaration' rather than free-trade deal. Trade is part of a broad new deal between the US and UK that will seek to bolster the countries' cooperation on a number of issues. The Atlantic Declaration includes plans to strengthen US-UK supply chains, boost mutual industrial investment and develop advanced technologies ...