Author: News Desk

Vietnam Customs reported that the country’s exports of electronic goods, computers, and components reached $10.74 billion last month, pushing total export earnings for the month to $107.75 billion. The figure made up roughly 23% of the nation’s total export revenue and marked a significant year‑on‑year growth of 48.4%, equal to an increase of $35.15 billion. With this performance, computers, electronic products, and components continued to rank as Vietnam’s leading export by value and accounted for more than half of the overall growth in the country’s export turnover last year. Exports of this category to the United States reached $42.09 billion,…

Ecuador declared on Tuesday that beginning February 1, it will enforce a 30% tariff on all imports from Colombia, a move tied to border security cooperation that could put pressure on bilateral trade and regional energy exchanges. Ecuador President Daniel Noboa said the levy, described as a security tax, is being introduced due to what he sees as insufficient collaboration from Colombia in tackling drug trafficking and illegal mining along the shared border. Noboa presented the tariff decision as a reaction to persistent security challenges and ongoing diplomatic strains. Even as Ecuador faces an annual trade deficit exceeding $1 billion, its…

China’s real estate sector continues to decline, hitting new lows even as the country’s trade revenues expand. According to the New York Times, new home sales nationwide have dropped to the lowest level in over 15 years, while prices for existing apartments are falling sharply. Although China faced a trade war with President Trump last year, its overall trade surplus rose to nearly $1.2 trillion, leaving the housing market downturn as the more pressing economic concern. China’s National Bureau of Statistics reported that the economy grew by 5% last year, the same rate as the previous year. In the fourth…

India has authorized the export of up to 500,000 tons of wheat flour and related products, partially easing restrictions imposed in 2022, according to a government notification issued by the Directorate General of Foreign Trade. “The export of wheat flour and related products shall continue to remain prohibited. However, export to the extent of 5 LMT (lakh metric tons) of wheat flour and related products, over and above the existing policy conditions, is allowed,” the Directorate General of Foreign Trade (DGFT) stated in a notification on Friday. This policy shift, following a three-year pause, will now allow flour mills, merchant…

Indonesia and the UK on Monday launched an Economic Growth Partnership in London, intended to strengthen collaboration across key strategic sectors during Indonesian President Prabowo Subianto’s official visit to Britain. Indonesia’s Coordinating Minister for Economic Affairs, Airlangga Hartarto, and the UK’s Secretary of State for Business and Trade, Peter Kyle, signed the partnership, accompanied by a series of high-level meetings. “We have agreed to enhance our trade cooperation in a whole range of priority sectors, such as clean energy, digital economy, infrastructure, transport, education, and healthcare,” British Ambassador to Indonesia Dominic Jermey said. Jeremy noted that the newly signed document…

South Korea and China will hold the 13th round of follow-up negotiations on services and investment under their Free Trade Agreement (FTA) from Monday through Friday, according to South Korea’s Ministry of Trade, Industry, and Energy. The ministry stated that around 30 representatives from South Korea and China will take part in the negotiations. Following the agreement reached at the leaders’ summit in Beijing on January 5, both nations aim to advance the follow-up talks this year on the agreement text and market liberalization in three key areas: services, investment, and finance. According to the government, South Korea intends to…

Brazil and Nigeria have emerged as major export markets for Indian pharmaceutical firms, according to India’s commerce ministry, despite ongoing global economic challenges. Data from the commerce ministry indicates that Nigeria has been a key contributor to the shift. In the first eight months of the current fiscal year, exports to the West African country increased by $179 million, ranking it among the fastest-growing markets for Indian pharmaceutical shipments. The surge alone contributed over 14% of India’s overall exports during the period. Brazil has also emerged as an increasingly significant destination for Indian exports. Between April and November of FY26,…

U.S. President Donald Trump on Saturday declared plans to impose a 10% tariff on goods from several European allies in response to their opposition to U.S. efforts to gain control over Greenland. In a post on Truth Social, Trump stated that 10% tariffs would be implemented on February 1 for Denmark, Finland, France, Germany, Norway, Sweden, the Netherlands, and the United Kingdom. He further stated that the tariffs would increase to 25% on June 1 and remain in effect until an agreement is reached. Trump seemed to suggest that the tariffs were intended to pressure Denmark and other European nations…

The United States said on Thursday that it had reached an agreement with Taiwan to lower tariffs on imports from the island while encouraging greater investment by Taiwanese semiconductor and technology firms in the U.S. According to the U.S. Commerce Department, the agreement will spur a major ‘reshoring of America’s semiconductor industry.’ Under the deal, Washington will cut tariffs on Taiwanese goods to 15%, down from a 20% reciprocal rate, to offset trade deficits and practices the U.S. considers unfair. The Department further noted that tariffs on Taiwanese auto parts, timber, lumber, and wood products will be capped at 15%.…

Kenya declared on Thursday that it has secured a preliminary trade agreement with China, granting duty-free access to 98.2% of its exports to the Chinese market, according to the country’s trade ministry. The development comes as Kenya and China work toward a comprehensive bilateral deal, following Nairobi’s exclusion from Beijing’s roster of least developed countries eligible for duty- and quota-free access, Bloomberg reported. During a state visit to Beijing last year, Kenyan President William Ruto strengthened relations with China, signing multiple financing and cooperation agreements to promote trade and investment. “We have initiated discussions with China to negotiate a bilateral…