Author: Editorial Desk

Indonesia’s gaming industry is hastening its entry into the global market with a strong presence at Gamescom 2025, the world’s largest gaming exhibition, held at Koelnmesse GmbH in Cologne, Germany. Trade Minister Budi Santoso described the event as a prime opportunity to showcase Indonesia’s gaming strengths and support developers in expanding to international markets. “Gamescom 2025 is a strategic platform to introduce Indonesia’s potential to the world. We are committed to supporting developers in reaching global markets, boosting exports, and positioning Indonesia as a major player in the international gaming industry,” Budi said in a statement on Tuesday, August 19.…

Delhi Assembly Speaker Vijender Gupta on Monday highlighted the pivotal role of micro, small, and medium enterprises (MSMEs) in advancing India’s global trade ambitions, describing them as the ‘true engine’ of the nation’s growth. Speaking as Chief Guest at the MSME Global Summit 2025, organized by the Star International MSME Forum in association with the Federation of Trade and Industry of India (FTII) and the Services Export Promotion Council of India (SEPC), Gupta underlined the sector’s rising importance. “MSMEs are the backbone of our economy. Today, this sector contributes nearly 45% of India’s total exports. With the right policy framework,…

Japan is exploring new investment avenues in Pakistan’s automotive and information technology sectors as part of its strategy to diversify markets amid global trade risks. Officials in Tokyo underscored the need for regulatory clarity and targeted incentives to enable Japanese automakers to expand exports from Pakistan. At a meeting in Tokyo, Special Assistant to the Prime Minister on Industries, Haroon Akhtar Khan, and Pakistan’s Ambassador to Japan, Abdul Hameed, held discussions with Matsuo Takehiko, Vice Minister for International Affairs at Japan’s Ministry of Economy, Trade, and Industry. The talks focused on strengthening bilateral industrial cooperation and deepening trade engagement. Pakistan’s…

Morocco has launched a new initiative to strengthen its export development strategy with the introduction of ‘Power Export: One Shop Store Export’, a comprehensive program led by the Ministry of Foreign Trade in collaboration with Maroc PME. The initiative forms part of the 2025-2027 Foreign Trade Pact for Growth and Employment and aims to help Moroccan companies expand their global presence. Designed as a one-stop shop, the program assists both existing and aspiring exporters in structuring strategies, entering new markets, and improving overall competitiveness. It is built on two complementary components that address the diverse needs of exporters. The first,…

For the first time, Bangladesh’s T-shirt exports to the American market have topped those of long-time leaders Nicaragua, Honduras, and China, despite facing new U.S. reciprocal tariffs. Data from the United States International Trade Commission (USITC) shows that in the first six months of this year, the U.S. imported T-shirts worth $3.52 billion from 117 countries. Of this, $373.2 million came from Bangladesh, surpassing Nicaragua’s $361.2 million. From 1989 to 2024, the U.S. T-shirt market was dominated by Honduras, Nicaragua, Hong Kong, Jamaica, Mexico, and China, most of which enjoyed tariff benefits under trade agreements. On 2 April this year,…

South Africa has to implement a five-point strategy to address the impact of the United States’ unilateral 30% tariff, which came into effect on August 7. The measures were detailed at a government press conference on Tuesday, accompanied by an official statement outlining both immediate and long-term actions. The plan includes sustained engagement with the U.S., diversification of exports to alternative markets, an economic response package for affected companies and workers, and demand-side interventions. South Africa has already submitted a revised offer to the U.S. for negotiations and adjusted import access for poultry, blueberries, and pork. The USA-Africa Trade Desk…

Sri Lanka’s jewellery and gem sector remains optimistic about its growth prospects despite potential U.S. tariffs, with industry leaders predicting only a minimal impact on exports. The confidence comes as the industry recorded an 8.2% drop in export earnings to $195.1 million during the first half of the year. Speaking in Colombo on Tuesday at the launch of the FACETS Sri Lanka 2026 exhibition, Sri Lanka Gem and Jewellery Association President Akram Cassim said the proposed 20% duty was manageable compared to rates faced by competitors. “It’s not too bad in comparison to some of the other countries that compete…

Petrovietnam Fertilizer and Chemicals Corporation (PVFCCo, HoSE: DPM), a subsidiary of state-owned Petrovietnam, is handling its largest export order of the year, a 45,000-ton shipment of granular urea to India, one of the world’s biggest fertilizer markets. The vessel has docked and commenced unloading operations, which are expected to conclude by August 20. The company said the deal reflects its strong production capabilities, efficient supply chain, and high product quality, while marking a significant step in its strategy to boost exports, diversify supply sources, and optimize business efficiency. PVFCCo reiterated that exports are undertaken only after meeting domestic demand, and…

China has announced a preliminary anti-dumping duty of 75.8% on Canadian canola imports, marking a sharp escalation in the yearlong trade dispute triggered by Ottawa’s tariffs on Chinese electric vehicles last August. The provisional duty will take effect on Thursday, effectively shutting Canadian canola out of the world’s largest market for the crop. The decision follows a September 2024 investigation by China’s Ministry of Commerce, which concluded that Canada’s canola industry had benefited from significant government subsidies and preferential policies. While the probe is set to conclude in September, Beijing can extend it by six months, potentially altering or overturning…

India has effectively shut its land borders to jute imports from Bangladesh, directing all consignments through the Nhava Sheva seaport. The move follows a phased tightening of trade measures over recent months. In April 2025, India withdrew Bangladesh’s transshipment facility for most overseas-bound goods, except those destined for Nepal and Bhutan. By May, restrictions were extended to certain non-jute products, including garments, processed foods, plastics, and wooden furniture. In June, all jute imports via land routes were banned. The latest update widens the list of restricted items to include bleached and unbleached jute fabrics, twine, cordage, ropes, sacks, and bags.…