Egypt has signed a US$ 1.1bn deal with the International Islamic Trade Finance Corporation (ITFC) to finance petroleum products and other commodity imports in 2020. The funds are part of a US$3bn agreement between the country’s Ministry of Investment and International Cooperation and the ITFC, signed in January 2018. The local market access to petroleum products is one of the ...
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Trade War Between China and U.S. Affects Farmers
Farmers experienced huge loss as a result of the trade war when Beijing imposed tariffs on a variety of U.S. agricultural products, including soybeans, corn and pork. In some cases, the Chinese market evaporated for American exporters, resulting in tumbling commodity prices, and big losses for U.S. farmers. To make up for some of these losses, the Trump administration has ...
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