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Turkey Achieves Three Export Records in July
FinanceDaily Sabah9d ago

Turkey Achieves Three Export Records in July

Turkish Trade Minister Ömer Bolat announced that Turkish exporters set three records in July. These include the highest-ever July shipments, annualized exports, and total goods and services sales.

Russian Grain Lobby Warns of Threat to Black Sea Exports
Worldndtv12d ago

Russian Grain Lobby Warns of Threat to Black Sea Exports

The Russian grain lobby has stated that Kyiv's recent attacks pose a threat to Black Sea exports. Both Russia and Ukraine, major agricultural exporters, have been targeting each other's export facilities and commercial vessels in the Black Sea.

War impacts unofficial dollar inflows in Pakistan
BusinessDawn17d ago

War impacts unofficial dollar inflows in Pakistan

Unofficial foreign exchange inflows into Pakistan through hundi and hawala networks have sharply decreased due to ongoing conflict, impacting small exporters and manufacturers. Crypto investments are also diverting billions of dollars from the local market.

South Korea's Submarine Export Ambitions Face Setbacks
TechnologySCMP28d ago

South Korea's Submarine Export Ambitions Face Setbacks

South Korea's failed bid for Canada’s next-generation submarine fleet has highlighted growing challenges for one of Asia’s fastest-rising defence exporters. Analysts suggest that factors like price, speed, and technology may no longer be sufficient to secure international defence contracts.

EBRD Targets $1.5 Billion Investments in Nigeria Over Three Years
BusinessPremium Times1mo ago

EBRD Targets $1.5 Billion Investments in Nigeria Over Three Years

The European Bank for Reconstruction and Development (EBRD) plans to invest $1.5 billion in Nigeria over the next three years. These investments aim to facilitate trade activities for Nigerian importers and exporters by providing pre-import and post-export financing.

US Officials Address Strait of Hormuz Tolls and Iranian Funds Amidst Regional Tensions
WorldbloombergNYTFT+34Al Jazeerayle-uutisetcnbcle-figaroSCMPFrance 24tvn24die-presse+26 more1mo ago37 sources

US Officials Address Strait of Hormuz Tolls and Iranian Funds Amidst Regional Tensions

US officials, including Marco Rubio and Donald Trump, have stated that tolls on shipping through the Strait of Hormuz are unacceptable, while also clarifying that unfrozen Iranian funds would be strictly overseen for humanitarian purposes. These statements come amidst ongoing tensions and conflicting reports regarding US-Iran relations and regional security.

Strong Forint Threatens Hungarian Exporters
Businesstelex1mo ago

Strong Forint Threatens Hungarian Exporters

A recent survey indicates that a significant number of Hungarian export companies have become unprofitable due to the forint's 10% appreciation in the past two months, with nearly a fifth stating they cannot sustain operations for another three months.

Philippine Mangoes Enter Canadian Market
WorldRappler2mo ago

Philippine Mangoes Enter Canadian Market

The first shipment of fresh Philippine mangoes has arrived in Canada, supplied by Philippine exporters Hi-Las Marketing Corporation and Castillo Import Export Ventures Inc.

WorldFT2mo ago

Gulf States Discuss Oil Pipelines to Bypass Hormuz

Oil exporters in the Gulf states are reportedly in talks to develop alternative oil pipelines. This initiative aims to bypass the crucial Strait of Hormuz, which has experienced disruptions for over three months.

Cuba Prepares Citizens for Potential US Military Aggression
PoliticsReutersbloombergNYT+32wsjcnbchelsingin-sanomatukrainska-pravdale-figaroSCMPNHK Worldvg+24 more2mo ago35 sources

Cuba Prepares Citizens for Potential US Military Aggression

Cuba has published a 'family guide' instructing its citizens on how to survive a potential US military attack, amid rising tensions between the two nations. The guide advises on protection, resistance, survival, and victory in such an event.

Businesschina-daily3mo ago

Chinese Exporters Attract Global Buyers at Canton Fair

Chinese exporters are actively engaging global buyers at the Canton Fair, showcasing their products with a focus on innovative design and advanced technology. This effort aims to attract international interest and boost trade.

Moldova Grants Ukraine 50% Discount on Rail Freight Transit
Worldukrainska-pravdanaftemporikinewsmaker-md+1zdg-md2h ago4 sources

Moldova Grants Ukraine 50% Discount on Rail Freight Transit

Moldova has agreed to provide Ukraine with a 50% discount on railway transit tariffs for freight goods. This agreement aims to support Ukrainian exporters by reducing transportation costs through Moldova.

US Lifts Sanctions on Iraqi Airline Linked to Iran's Revolutionary Guards
PoliticsBBCbloombergFT+48Al JazeeraFox Newscnbchelsingin-sanomattagesschauukrainska-pravdafazder-spiegel+40 more7d ago51 sources

US Lifts Sanctions on Iraqi Airline Linked to Iran's Revolutionary Guards

The United States has lifted sanctions on Fly Baghdad, an Iraqi airline previously accused of supporting Iran's Revolutionary Guards. This move comes amidst ongoing discussions and shifting US foreign policy regarding Iran and other global actors.

Poland to Simplify VAT Documentation for Exporters
Businessrzeczpospolita9d ago

Poland to Simplify VAT Documentation for Exporters

Poland is set to reduce bureaucracy for exporters by simplifying VAT documentation requirements, allowing for more than just customs authority confirmations as proof, according to a proposed amendment to the VAT act.

Worldbloomberg22d ago

Indian Refiners Bolster Russian Oil Exports Amid Sanctions

Indian refiners have reportedly stepped in to support Russia's oil exporters, providing a crucial market for Russian crude amidst international sanctions. This move helps Russia maintain its oil revenues despite Western efforts to limit them.

South Korea Aims to Become Top 5 Global Exporter, Boosts Arms Sales
PoliticsDWKorea Herald29d ago2 sources

South Korea Aims to Become Top 5 Global Exporter, Boosts Arms Sales

South Korea's Prime Minister has reaffirmed the nation's ambition to become one of the top five global exporters, with a particular focus on increasing arms sales. This push comes as the world re-arms, presenting an opportunity for South Korea to capitalize on the growing demand for defense products.

Nigerian Government Unveils $1 Billion AfCFTA Fund for Exporters
Politicspunch-ngvanguard-ng2mo ago2 sources

Nigerian Government Unveils $1 Billion AfCFTA Fund for Exporters

The Nigerian government has launched a $1 billion credit facility under the African Continental Free Trade Area (AfCFTA) to boost the nation's export drive. This fund aims to provide financial support to Nigerian exporters, enhancing their competitiveness in the African market.

CBAM Poses Major Challenge for Bosnian Exporters
Businessklix-ba2mo ago

CBAM Poses Major Challenge for Bosnian Exporters

The Carbon Border Adjustment Mechanism (CBAM) continues to be a significant challenge for Bosnian exporters, particularly affecting companies in the metals and processing sectors. A panel discussion organized by the Center for Responsible Business in Sarajevo addressed CBAM and responsible business practices with 70 company and institution representatives.

Serbian President Vučić Attends EU-Western Balkans Summit in Tivat
WorldbloombergFTle-monde+58waponzzcnbcruvukrainska-pravdafazberlingskeDW+50 more2mo ago61 sources

Serbian President Vučić Attends EU-Western Balkans Summit in Tivat

Serbian President Aleksandar Vučić arrived in Tivat, Montenegro, for the EU-Western Balkans summit, where discussions are expected to focus on accelerating accession negotiations and regional cooperation, amidst some local tensions and protests.

Worldpunch-ng2mo ago

Nigeria's Central Bank Implements Rules to Stabilize FX Market

Nigeria's Central Bank is introducing new regulations to bring stability to the country's foreign exchange market, which has long been plagued by uncertainty and supply-demand issues. Importers and exporters have faced challenges with delays and documentation.

New BiH-Croatia Border Agreement Benefits Una-Sana Canton Exporters
Politicsklix-ba2mo ago

New BiH-Croatia Border Agreement Benefits Una-Sana Canton Exporters

Amir Purić, a representative in the Parliament of the Federation of Bosnia and Herzegovina, highlighted the importance of a new border crossing agreement between Bosnia and Herzegovina and Croatia, stating it will significantly benefit businesses from Una-Sana Canton by eliminating the need to export via the Gradiška border crossing.

US Indicts Former Cuban President Raúl Castro
WorldReutersBBCbloomberg+67NYTThe GuardianNPRAl Jazeerayle-uutisetcbchelsingin-sanomatruv+59 more2mo ago70 sources

US Indicts Former Cuban President Raúl Castro

The United States has indicted former Cuban President Raúl Castro on charges including murder, a move that has drawn condemnation from China and Russia. This action is widely seen as an escalation of U.S. pressure on Cuba.

EU Reaches Provisional Trade Deal with US to Avoid Tariffs
BusinessReuterswsjFT+74le-mondeThe GuardianNPRdr-dknrkyle-uutisetcnbchelsingin-sanomat+66 more2mo ago77 sources

EU Reaches Provisional Trade Deal with US to Avoid Tariffs

The European Union reached a provisional agreement with the United States on import taxes, clearing a significant hurdle to finalize a trade pact. This move was made under pressure from the Trump administration, aiming to avert potential tariff hikes.

APBUMA Seeks Government Support for LA Textile Show
Businessexpress-tribune2mo ago

APBUMA Seeks Government Support for LA Textile Show

The All Pakistan Bedding, Upholstery & Furniture Manufacturers Association (APBUMA) is seeking government backing for a textile show in Los Angeles. A minister has assured facilitation for SME exporters, as the association also proposes a Heimtextil event.

Trump Discusses US-China Ties, Iran After Talks With Xi Jinping
PoliticsAPReutersbloomberg+94NYTeconomistwsjFTle-mondewapoThe GuardianNPR+86 more2mo ago97 sources

Trump Discusses US-China Ties, Iran After Talks With Xi Jinping

Following discussions with Chinese President Xi Jinping, President Trump expressed hopes for stronger US-China relations and highlighted China's interest in purchasing US goods. Trump also reiterated a firm stance on Iran, stating military operations would continue and that Xi Jinping had pledged not to supply weapons to the country.

China Grants Duty-Free Access to South African Exports
BusinessSCMP3mo ago

China Grants Duty-Free Access to South African Exports

China's Shenzhen Bay port and Hunan province have processed the first shipments of South African apples and wine under new duty-free access, a move seen as a lifeline for South African exporters. This marks a historic trade development between the two nations.

Slovak Companies Aim for Global Export Success
Businessaktuality-sk3mo ago

Slovak Companies Aim for Global Export Success

Slovakia, a country with a rich agricultural and manufacturing tradition, faces challenges for its domestic companies to break into the saturated European market and achieve success as global exporters.

US Military Confronts Iran in Strait of Hormuz, Secures Shipping
WorldAPReutersBBC+87bloombergNYTwsjFTThe GuardianNPRAl JazeeraCNN+79 more3mo ago90 sources

US Military Confronts Iran in Strait of Hormuz, Secures Shipping

The US military engaged Iranian forces in the Strait of Hormuz, reportedly sinking several Iranian boats and downing missiles and drones, in an effort to reopen the strategic waterway and protect commercial shipping. This action followed alleged Iranian attacks on vessels, leading to heightened tensions and diplomatic responses.

UAE Exits OPEC, Shaking Oil Markets and Cartel's Influence
BusinessAPReutersBBC+101bloombergNYTwsjFTle-mondewapoThe GuardianNPR+93 more3mo ago104 sources

UAE Exits OPEC, Shaking Oil Markets and Cartel's Influence

The United Arab Emirates has announced its departure from OPEC, a move that has created uncertainty in oil markets and is seen as a significant blow to the cartel's power and influence. Analysts are assessing the potential long-term consequences for global oil supply and prices.

Moldova Halves Rail Transit Fees for Ukrainian Goods
Worlddigi242h ago

Moldova Halves Rail Transit Fees for Ukrainian Goods

The Moldovan government announced a 50% reduction in railway transit fees for Ukrainian goods, effective August 10, with Ukrainian Prime Minister Serhiy Koretsky calling it a 'practical solution for exporters'.

Trump Administration's Tariffs and Political Actions Draw Criticism
PoliticsbloombergNYTThe Guardian+17Al Jazeeradr-dkberlingskeSCMPNHK Worldel-mundodigi24forbes+9 more18d ago20 sources

Trump Administration's Tariffs and Political Actions Draw Criticism

The Trump administration's imposition of new global tariffs has drawn lawsuits from U.S. businesses and negative reactions internationally, while officials also admitted to withholding clean energy grants from states that did not vote for Trump. These actions highlight ongoing controversies surrounding the administration's economic and political strategies.

Turkey Slashes Taxes to Attract Foreign Investors
Businessexpress-tribune1mo ago

Turkey Slashes Taxes to Attract Foreign Investors

Turkey has announced radical tax cuts, including a reduction in the corporate rate to 9% for exporters, a 20-year zero tax on foreign income, and a significant slash in inheritance tax to 1%, in an effort to lure international investors.

Ghana Aims to Exceed $15 Billion in Export Earnings by 2030
Politicsmyjoyonline1mo ago

Ghana Aims to Exceed $15 Billion in Export Earnings by 2030

Davis Korboe, President of the Federation of Associations of Ghanaian Exporters (FAGE), stated that Ghana could surpass US$15 billion in non-traditional export earnings by 2030 if the government, financial institutions, and industry stakeholders strengthen their support.

Pakistani Exporters Unconcerned by Proposed 10% US Duty
WorldDawn2mo ago

Pakistani Exporters Unconcerned by Proposed 10% US Duty

Pakistani exporters express confidence that a proposal under consideration in Washington to impose an additional 10 percent duty on imports will not negatively impact Pakistan’s exports. The US Trade Representative (USTR) made the proposal to the Trump administration.

Russia Expands Ban on Armenian Food Imports
Politicsoc-mediameduza2mo ago2 sources

Russia Expands Ban on Armenian Food Imports

Russia has extended its import ban on Armenian products to include apples, eggplants, dried fruit, and fish, prompting Armenian Prime Minister Pashinyan to promise subsidies for affected exporters.

Worldtempo-english2mo ago

China Approves Eight More Indonesian Fish Exporters

China has approved an additional eight Indonesian fish exporters, expanding trade opportunities for Indonesia's seafood industry. This decision is expected to boost economic ties between the two nations.

Businessvanguard-ng2mo ago

Nigeria and Malaysia deepen trade ties via halal economy strategy

Following Nigeria's launch of its National Halal Economy Strategy, Malaysia's High Commissioner to Nigeria, Aiyub Omar, has encouraged Nigerian exporters and businesses to leverage the halal economy to showcase their products globally, deepening trade ties between the two nations.

BGMEA and GIZ Sign Development MoU for Garment Sector
BusinessYahoo2mo ago

BGMEA and GIZ Sign Development MoU for Garment Sector

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and the German Agency for International Cooperation (GIZ) have signed their first Memorandum of Understanding (MoU) aimed at development within the garment sector.

Trump Arrives in China for Summit with Xi, Joined by Business Leaders
PoliticsBBCbloombergNYT+82FTle-mondeThe GuardianAl Jazeeradr-dkFox Newsnrknzz+74 more3mo ago85 sources

Trump Arrives in China for Summit with Xi, Joined by Business Leaders

President Donald Trump arrived in Beijing for a high-stakes summit with Chinese President Xi Jinping, accompanied by a delegation of top American business executives. Discussions are expected to cover trade relations, North Korea, and Iran's nuclear program.

Oil Tankers Conduct 'Dark Transits' Through Strait of Hormuz
Politicsfazhindustan-times3mo ago2 sources

Oil Tankers Conduct 'Dark Transits' Through Strait of Hormuz

Several oil supertankers have reportedly passed through the Strait of Hormuz with their transponders switched off, engaging in 'dark transits.' This practice is occurring amidst heightened tensions and the ongoing Iran war, likely as a measure to avoid detection.

South Korean Ship Attacked in Strait of Hormuz Amid Rising Tensions
WorldAPReutersBBC+134bloombergNYTwsjFTle-mondewapoThe GuardianNPR+126 more3mo ago137 sources

South Korean Ship Attacked in Strait of Hormuz Amid Rising Tensions

A South Korean-run vessel was hit by an explosion and fire in the Strait of Hormuz, prompting Seoul to confirm an attack and raising regional tensions. The incident led to the US escorting merchant ships and rejecting Iranian claims of missile strikes on its warships, while also urging China to press Iran on opening the strait.