Author: Editorial Desk

Global trade could expand by 34–37% by 2040 if governments adopt the right policies to harness Artificial Intelligence (AI) for productivity gains and lower trade costs, according to the World Trade Organization’s (WTO) World Trade Report 2025, released on Wednesday. The report, titled “Making Trade and AI Work Together to the Benefit of All”, cautioned that non-tariff measures, including antidumping duties and export restrictions on AI-enabling goods such as semiconductors, may hinder the global spread of AI technologies. “For AI and trade to contribute to inclusive growth, policies need to be in place to bridge the digital divide, invest in…

India and the U.S. have agreed to accelerate efforts toward a mutually beneficial trade pact, reviving negotiations that had stalled in recent years. Officials from both sides met in New Delhi on Tuesday, with discussions led by Brendan Lynch, the chief negotiator for the U.S., and Rajesh Agarwal, special secretary in India’s department of commerce. The meeting focused on resuming talks where they had left off, with both governments committing to pushing forward with the aim of concluding a bilateral trade agreement (BTA) at the earliest. “It was decided to intensify efforts to achieve the early conclusion of a mutually…

Vietnam is urging businesses and government bodies to leverage free trade agreements, diversify markets, and accelerate green and digital transformation to sustainable export momentum and secure the year’s growth targets. Authorities also emphasized the need to strengthen resilience against global volatility. In the first eight months of 2025, the country’s total trade value reached nearly $600 billion, a 16.3% year-on-year increase. Exports rose 14.8% to $306 billion, already surpassing the annual target. The trade surplus of nearly $14 billion has played a key role in stabilizing the macroeconomy. Experts view the results as remarkable, especially against the backdrop of continued…

The United Kingdom and the United States have unveiled a sweeping set of nuclear power deals aimed at accelerating advanced reactor deployment and cutting dependence on Russian nuclear fuel supplies. The agreements, part of what officials have described as a ‘nuclear renaissance,’ will be formally signed during President Donald Trump’s state visit to London this week, the British Embassy in Washington confirmed. Built under a new framework, the initiative is expected to deliver faster safety approvals, streamlined regulatory cooperation, and billions of dollars in private sector investment. Branded as the Atlantic Partnership for Advanced Nuclear Energy, the program is intended…

The global arms trade remains a defining factor in geopolitics, shaping power balances and international relations. Although the volume of major international arms transfers between 2020 and 2024 was 0.6% lower than in 2015–19, a handful of countries continue to dominate the export market. Their roles offer crucial insight into shifting alliances and global security strategies. The United States is the undisputed leader, accounting for 43% of global arms exports from 2020 to 2024, according to the March 2025 report by the Stockholm International Peace Research Institute (SIPRI). Its dominance is driven by a vast defence industry and a wide…

Ghana has reinforced its role in shaping international maritime policy through active participation in the 11th session of the International Maritime Organization’s (IMO) Sub-Committee on Carriage of Cargoes and Containers (CCC-11), held in London from 8–12 September 2025. The technical committee, considered the IMO’s key regulatory body for cargo transport standards, placed major emphasis on container safety amid rising incidents of containers lost at sea. These losses present threats to global supply chains, marine environments, and port operational efficiency. During the session, delegates finalized draft interim guidelines for ships using hydrogen as fuel, which are expected to secure approval at…

MIE Events DMCC has announced that CTW Global 2025 will be held on 8–9 October at Atlantis – The Palm, Dubai. Positioned as a leading international trade and services summit, the event will bring together global business leaders, investors, service providers, and government entities to foster partnerships and explore emerging opportunities. The two-day summit will feature keynote sessions by industry experts, an exhibition of global trade and service providers, and a series of workshops, seminars, and B2B matchmaking programs designed to drive meaningful business connections. Reflecting the UAE’s growing influence in global trade in services, CTW Global 2025 will spotlight…

The Bank of Korea (BOK) has cautioned that the global dominance of the U.S. dollar heightens the impact of financial shocks originating in the United States, with potential risks set to grow as dollar-linked stablecoins spread internationally. In the Issue Note released on the 15th, Dollar Hegemony and the Global Spillover of U.S.-Origin Shocks, the central bank examined how U.S. financial turbulence reverberates through global markets via the dollar’s international functions. The report was authored by Son Min-gyu, head of the financial modeling team at the BOK’s Economic Modeling Division. The study highlighted the dollar’s central role in international finance…

U.S. and China began fresh talks in Madrid on Sunday as the two sides attempted to steady their strained trade relationship, tackle the looming divestiture deadline for TikTok, and address Washington’s calls for allied nations to impose tariffs on China over its continued purchases of Russian oil. U.S. Trade Representative Jamieson Greer arrived at the Palacio de Santa Cruz, Spain’s foreign ministry headquarters, shortly before Chinese Vice Premier He Lifeng and chief trade negotiator Li Chenggang. The discussions mark the fourth round of high-level talks in Europe in as many months, following earlier meetings in Geneva, London, and Stockholm, as…

The government of India is preparing to launch consultations with industry stakeholders to frame guidelines that would allow an inventory-based model for e-commerce exports, aiming to expand global market access for small and medium sellers. Industry players have long urged such a move, but progress has gained urgency after the United States scrapped a provision permitting tax-free imports of small packages valued up to $800, a change that could weigh heavily on the growth prospects of Indian exporters. If adopted, the proposal would mark a departure from India’s existing foreign direct investment (FDI) rules, which currently prohibit foreign e-commerce marketplaces…