Home » In News (page 2)

In News

Trade Links With Asia Contribute To 19.8% Increase In Freight For African Carriers

The International Air Transport Association (IATA) in its November 2019 data for global air freight markets demand has recorded an increase in demand for African carriers by 19.8 percent, compared to the same period a year earlier. Strong trade and investment links with Asia contributed to positive performance. Capacity grew 13.7 percent year-on-year. The demand, measured in freight tonne kilometres (FTKs), ...

Read More »

Europe’s Green Deal Could Open A New Front In The Trade War

In mid-January, U.S. President Donald Trump is slated to sign a so-called phase one trade deal with China, which may put the U.S.-Chinese trade war on the back burner for the coming year. But that doesn’t mean the United States’ trade disputes are over. In fact, all signs now point to a trans-Atlantic trade war taking center stage in 2020. ...

Read More »

Azerbaijan Eyes Trade Hub Status

From this New Year, Azerbaijan is offering fifth and seventh freedom rights to some 40 countries in Europe, North America and Asia. The move is part of an attempt by Azerbaijan to become a transport and logistics hub between Asia and Europe – a strategy that has been successful for Kazakhstan. Under the new rules, all foreign airlines will have the same rights as ...

Read More »

DPIIT Focusing On Six Parameters To Push India’s Ease Of Doing Business Ranking

The Commerce and Industry Ministry has prepared a blueprint to further improve India’s ranking in the World Bank’s ease of doing business index with a focus on six parameters, including enforcing contracts and starting a business, an official said. The Department for Promotion of Industry and Internal Trade (DPIIT), under the ministry, is also following reform activities in Kolkata and Bengaluru ...

Read More »

China, Korea, Japan Use Non-Tariff Barriers To Impede Imports

Countries like China, South Korea and Japan may boast of low tariffs but they have erected huge non-tariff barriers (NTBs), most of which are tailored to mask the ferocity of trade protectionism, in a bid to control the imports they deem undesirable. An internal analysis of the Indian commerce ministry ahead of the country’s pull-out of the RCEP deal in ...

Read More »

India Faces A Year Of Tough Trade Negotiations

After walking out of negotiations on the 16-nation Regional Comprehensive Economic Partnership (RCEP) free trade agreement, the government said it would renegotiate its existing Free Trade Agreements (FTA) and redouble its efforts to conclude other trade negotiations. The task is likely to swamp both the Commerce and Industries Ministry (CIM) and the Ministry of External Affairs (MEA) negotiators in 2020. ...

Read More »

Wang Yi On African Tour

Chinese foreign minister Wang Yi will head to Africa next week, with official visits planned in Egypt, Eritrea and Djibouti, as well as Burundi and Zimbabwe. The diplomatic schedule was announced by the Ministry of Affairs, which noted China’s tradition of beginning each new year on the African continent. Geng noted this year’s 20th anniversary of the Forum on China-Africa Cooperation (FOCAC) ...

Read More »

Island Interests In The Spotlight After Brexit

Jersey will work to reforge its business links around the world as the UK looks to broker new trade deals with the likes of the EU, US, Australia and New Zealand after Brexit, a new government report says. Following the passing of the Withdrawal Bill in the House of Commons earlier this month, the UK is preparing to renegotiate free trade ...

Read More »

Japan-U.S. Pact Takes Effect

A Japan-U.S. trade agreement entered into force, immediately cutting tariffs on American farm products and a variety of Japanese industrial goods excluding passenger cars and auto parts. The same day, a separate bilateral pact setting digital trade rules also took effect. The two agreements are aimed at promoting free trade between the two economies, which together account for about 30 percent of ...

Read More »

US Election, Brexit And China To Sway The Markets In 2020

Donald Trump’s attempt to win a second term is likely to dominate the headlines for much of the next 12 months. Markets often do well in an election year – partly because the White House incumbent has every incentive to make people feel richer. Trump is rumoured to be considering a fiscal boost known as tax cuts 2.0 which could lift his ...

Read More »