Trade and Covid-19: Lessons from the first wave
Vox EU As COVID-19 spread across countries, many saw global value chains as transmitters of shocks. Using disaggregated export data for multiple countries, this column shows that participation in global value chains increased exporters’ vulnerability to foreign shocks, but it also reduced vulnerability to domestic shocks. Sourcing inputs from abroad is an example of beneficial […]
Malaysia takes WTO legal action against EU over palm biofuel curbs
Financial Post Malaysia is taking legal action at the global trade watchdog against the European Union and member states France and Lithuania for restricting palm oil-based biofuels, the government said. The world’s second largest palm oil producer, which has called a EU renewable-energy directive “discriminatory action,” is seeking consultations under the World Trade Organization’s Dispute […]
Indonesian Exports Up 8.39% in December
TEMPO.CO, Jakarta The central statistics agency, Statistics Indonesia or BPS, recorded December's export value at US$16.54 billion. The figure reflects an 8.39 percent increase from the previous month, while on a yearly basis the value grew 14.63 percent. BPS chief Suhariyanto said the increase was triggered by increasing commodity prices in international markets. "Many commodities experienced price hikes," […]
Positive signals from the agricultural market
Nhan Dan NDO – Trung An Hi-Tech Farming JSC of Can Tho province held a ceremony to announce the export of its first batch of rice in 2021. The company exported a total of 1,600 tonnes of Jasmine 85 rice worth US$680 per tonne and “Huong Lai” fragrant rice worth US$750 per tonne to Malaysia […]
CANADA FX DEBT-Canadian dollar advances as investors favor goods exporters
Nasdaq The Canadian dollar climbed to a near three-year high against its U.S. counterpart on Thursday, bolstered by higher oil prices and the strengthening of currencies that benefit from rising demand for goods exports. The loonie was trading 0.4% higher at 1.2638 to the greenback, or 79.13 U.S. cents. It touched its strongest since April […]
Minister Ng launches public consultations on possible comprehensive economic partnership agreement with Indonesia
Government of Canada Expanding Canada’s trade and investment opportunities in Southeast Asia’s fastest-growing economy will diversify Canada’s trade portfolio and support our economic recovery from the COVID-19 pandemic. Today, the Honourable Mary Ng, Minister of Small Business, Export Promotion and International Trade, announced the launch of public consultations toward a possible comprehensive economic partnership agreement […]
Canada announces support to combat land degradation and desertification in developing countries
Government of Canada Across the world, climate change is causing extreme and erratic weather. This, in turn, is exacerbating land degradation and desertification, with the most severe impacts affecting people already in situations of poverty and vulnerability, especially women and Indigenous people. Today, the Honourable Karina Gould, Minister of International Development, announced that Canada will […]
President Akufo-Addo says Ghana well prepared to lead AfCFTA implementation
CCGTN Africa Ghanaian President Nana Addo Dankwa Akufo-Addo has reiterated the country’s preparedness to lead in the implementation of the African Continental Free Trade Area (AfCFTA) initiative. Speaking at an AfCFTA business forum late Tuesday, the president said policies introduced by the government over the past four years positioned the country to play this role. […]
Statement by Minister Ng on Canada’s request for CUSMA dispute settlement consultations with United States on Canadian solar products
Global Affairs Canada The Honourable Mary Ng, Minister of Small Business, Export Promotion and International Trade, today issued the following statement regarding Canada’s request for consultations with the United States under Chapter 31 of the Canada-United States-Mexico Agreement (CUSMA) with respect to continued U.S. safeguard tariffs on Canadian solar products: “Canada is a trusted partner […]