Author: News Desk

Türkiye will manufacture and export 48 domestically developed Kaan fighter jets to Indonesia as part of a newly established defense agreement. On Wednesday, Turkish president Recep Tayyip Erdoğan declared that Türkiye has finalized a defense agreement with Indonesia to supply 48 Kaan fighter jets marking the first export deal for the domestically developed aircraft, which is still in its development phase. “Indonesia’s local capabilities will also be utilized in the production of Kaan,” Erdoğan wrote on X. The agreement was finalized at the Indo Defence 2025 exhibition in Jakarta, with participation from Turkish defense firms. The Turkish president did not…

Zimbabwe, Africa’s leading lithium producer, declared on Tuesday that it will prohibit the export of lithium concentrate starting in January 2027 to strengthen domestic refining capabilities and increase revenue from the value-added mineral. At a post-cabinet media briefing, Mines and Mining Development Minister Winston Chitando stated that Zimbabwe is developing the capability to produce battery-grade lithium with support from two major Chinese-invested firms, Bikita Minerals and Prospect Lithium Zimbabwe. “Because of the processing capacity which is now being developed in the country, the export of all lithium concentrates will be banned from January 2027,” the minister said. The value-added facilities…

China’s Ministry of Commerce on Tuesday stated that the anti-dumping investigation into pork and related products from the European Union will be extended. Citing the complexity of the case, the officials have extended the anti-dumping investigation into pork and pig by-products until December 16, in accordance with relevant regulations. China launched the anti-dumping investigation in June 2024, after receiving an application from the China Animal Agriculture Association, representing the domestic industry. Initially set to conclude by June 2025, the one-year investigation has now been extended for six months under exceptional circumstances. The Ministry of Commerce’s latest statement coincides with heightened…

Malaysia and Poland aim to bolster their partnership across various sectors, including defense, food technology, trade and investment, digital innovation, renewable energy, and green hydrogen. At a joint press conference with Polish President Andrzej Duda, Malaysian Prime Minister Datuk Seri Anwar Ibrahim stated that both leaders had engaged in deep discussions to strengthen cooperation in defense. The talks also covered key sectors, including food technology, digital innovation, renewable energy, and the halal industry. Andrzej Duda arrived in Malaysia on Monday for a three-day official visit focused on deepening bilateral ties and broadening cooperation efforts. Anwar Ibrahim also noted that Malaysia’s…

Thai Deputy Prime Minister and Finance Minister Pichai Chunhavajira revealed that the United States has officially agreed to begin negotiations with Thailand regarding tariff policies. Pichai Chunhavajira shared the update on Facebook, revealing that the United States has formally agreed to initiate negotiations with Thailand. According to Pichai, the United States has reached out to Thailand via the Ministry of Foreign Affairs, with Minister Maris Sangiampongsa confirming that the U.S. has formally agreed to begin talks on tariff policies and bilateral trade matters. Pichai clarified that although these discussions mark the first official negotiations with the U.S., informal discussions have…

Ghana and Morocco have established a strategic alliance following a productive diplomatic mission led by Ghana’s Foreign Affairs Minister, Samuel Okudzeto Ablakwa. The visit led to a series of landmark agreements on Saturday, to strengthen collaboration in key sectors, including education, agriculture, aviation, and trade. Ablakwa described the visit’s outcome as a milestone in Ghana-Morocco relations, emphasizing that the agreements demonstrate a strong commitment to providing real benefits for the Ghanaian people. “This goes beyond diplomacy—it’s about tangible progress,” he affirmed. “We are empowering our students, supporting our farmers, training our pilots, and attracting investment into industries that matter most…

Indonesia and the European Union are approaching the finalization of a trade agreement, the Indonesia-European Union Comprehensive Economic Partnership Agreement (IEU-CEPA). Indonesia’s Coordinating Minister for Economic Affairs, Airlangga Hartarto, confirmed the progress on Saturday, following discussions with European Union Commissioner for Trade and Economic Security, Maroš Šefčovič, in Brussels on Friday. “The IEU-CEPA agreement has reached its final stage after nine years of negotiations. This marks an important milestone amid unpredictable and uncertain global economic conditions. It highlights the significance of cooperation in addressing global challenges,” Hartarto stated. Hartarto noted that Indonesia and the European Union have committed to addressing the…

U.S. President Donald Trump stated that Chinese leader Xi Jinping has agreed to resume the supply of essential rare earth materials. The announcement came alongside the declaration that a new round of U.S.-China trade negotiations will take place in London on Monday. A day after Trump’s anticipated phone conversation with Xi, he remarked that the two leaders have agreed to restart negotiations, which had been halted due to mutual claims of breaching the truce established in Geneva last month. The development follows China’s suspension of exports of seven critical minerals to U.S. which are essential for manufacturing automobiles, robotics, and…

The European Commission unveiled a surveillance tool on Thursday to track imports entering the EU using customs data. The new system is supplemented by data from EU member states and industries, enabling authorities to detect import surges from foreign countries in response to regulations and U.S. tariffs impacting global trade. The framework is designed to prevent disruptive trade diversion by blocking the rerouting of large volumes of goods into the EU when they are restricted from other markets due to high tariffs. The surveillance tool will allow the European Commission to rapidly detect such import surges and take measures to…

Brazil’s Ministry of Finance has officially excluded the United Arab Emirates from its list of jurisdictions with preferential tax regimes. The move underscores the UAE’s dedication to maintaining high standards for tax transparency and global financial governance. The progress stems from the official visit of Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, to Brazil in November of the previous year. The ministry stated that the progress reinforces the groundwork for growing bilateral trade and investment. Specialized technical teams from both nations collaborated to meet all necessary criteria for tax transparency and investment standards set by…