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Tag Archives: exports

Trade Progress For Agriculture

Farmers can expect benefits from pending trade agreements with China and North America as well as a recent agreement signed with Japan, the head of the United States Department of Agriculture (USDA) Foreign Agricultural Service (FAS) said at Land Expo 2020 in Des Moines, Iowa. Ken Isley, administrator of Foreign Agricultural Service (FAS) revealed that the the U.S. beef industry will benefit from ...

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China Says 2019 Exports Rose 0.5%

China’s 2019 exports rose 0.5% in U.S. dollar terms, though total trade for the year declined slightly. According to Vice Minister of General Administration of Customs Zou Zhiwu, the phase 1 deal between Washington and Beijing will see China increase imports from the United States but won’t affect China’s imports from other countries. This deal will be signed soon, marking a significant de-escalation but ...

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South Africa To Rely On Subcontinent For Coal Exports

One of the major coal exporters, South Africa is now having to rely more on markets like the ones in the Indian Subcontinent, especially India, in a bid to find buyers for its product. South Africa hasn’t managed to penetrate Far East Asian markets, but it’s faring better in the Subcontinent, where demand is booming. In a recent report, shipbroker ...

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Tax hike, Global Slowdown Set To Dent Japan’s Economic Growth In 2020

Japan’s economic growth is expected to slow modestly in 2020, as a consumption tax hike combined with a sluggish global economy are poised to drag on flagging consumer spending and exports. The government’s 26 trillion yen ($237 billion) stimulus package and Tokyo Olympics and Paralympics-linked spending by tourists will serve to underpin the world’s third-largest economy. Japan’s real gross domestic ...

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Brighter Days Ahead For U.S. Beef Exports

U.S. beef exports have trailed year-ago levels for each of the first 10 months of 2019, but there is growing optimism that international demand for U.S. beef will improve in 2020. The latest positive development occurred in December, when Japan finalized approval of the U.S.-Japan Trade Agreement. This will improve the competitive position of U.S. beef in Japan by allowing the ...

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Nepal’s Trade Deficit Narrows By 8.9 Percent

Nepal’s exports surged by 23.9 per cent in the first quadrimester of 2019-20 fiscal year, while imports fell by 6.9 per cent, as per the Nepal Rastra Bank (NRB). As per ‘Current Macroeconomic and Financial Situation of Nepal’ report of the first four months of the current fiscal unveiled by the central bank , Nepal exported merchandise goods worth Rs 36.28 ...

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EU and UK Trade Suffers

The European Union has been hit hard by the slowdown in international trade, with the UK suffering the most. Global trade continued to slide in the third quarter, the OECD said, approaching two-year lows as the US-China trade war and Brexit uncertainty took a heavy toll. Exports from the EU fell 1.8 per cent while imports dropped 0.4 per cent. ...

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U.S. Purchases From Vietnam On The Rise

Vietnam’s exports to the United States were 35% higher in the first nine months of 2019 compared to the first nine months in 2018. At the same time, trade expert Michael Ryan explains, various “factors are lengthening the delivery cycle to consumers” from Vietnam. This means U.S. residents are buying much more stuff from Vietnam, and it is taking longer ...

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Australia Seeks Compensation Over Brexit-Related Trade Disruption

Several non-European countries and Australia have demanded for compensation from EU and US due to disruption of trade related to Brexit. Australia’s lamb and beef exports suffered huge losses due to Brexit confusion. Australia said that it could suffer a reduction in its $366m (£284m) of annual meat exports to the UK and EU as a result and claimed its ...

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US Defence Lucrative Export Market For Australia

The US defence market remains the world’s largest and can be a lucrative export market for Australian industry. It is also highly competitive. Selling into the US defence industry means mastering complex regulations and major time commitments. One such program is the Foreign Comparative Testing (FCT) program, run by the US Department of Defense (DoD). The FCT has a mission ...

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