The Argentinian foreign trade is facing severe hardships as shipping companies are now charging freights at the source due to a new scheme imposed by the country’s Central Bank. This change is leading to increased costs, endangering the competitiveness of exports, and potentially triggering a wave of layoffs in the logistics sector. Central Bank’s New … Read more
Beating the Forecasts: An Unexpected Upswing The Malaysian economy has shown resilience and dynamism, with a reported increase in gross domestic product (GDP) of 5.6% in the first quarter of 2023. This impressive figure surpasses the 4.8% annual expansion previously predicted by analysts in a Reuters news agency poll. In comparison, the country had experienced … Read more
The potential move by Bolivia towards yuan-based international trade signifies a shift in Latin America’s economic relations, reflective of China’s expanding influence in the region. Embracing the Yuan: Bolivia’s New Trade Strategy Bolivian President Luis Arce, during a recent press conference, expressed a willingness to consider the Chinese yuan for international trade, following similar decisions … Read more
The Importance of International Trade for US Pork Producers In honor of World Trade Month, it is essential to understand the significance of international trade for US pork producers and the US economy. The National Pork Producers Council (NPPC) emphasizes that US pork farmers have built a global reputation for providing high-quality, safe, and affordable … Read more
Argentina’s foreign trade faces significant challenges due to recent currency restrictions imposed by the Central Bank, under Communication “A” 7746. These restrictions have disrupted the normal operations of the foreign trade logistics chain, as businesses struggle to comply with payments and remittances of freight charges in the foreign exchange market. This article examines the impact … Read more
World Trade Organization’s Forecast for 2023 According to the World Trade Organization (WTO), global merchandise trade volumes are expected to experience a “subpar” growth of 1.7% in 2023. This growth is weighed down by ongoing issues such as the war in Ukraine, high inflation rates, tighter monetary policies, and financial uncertainty. Although this forecast is … Read more
The UAE Government’s National Agenda for Re-Export Development 2030 The United Arab Emirates (UAE) is making bold moves to double its re-exports, a plan expected to significantly boost the industry’s contribution to the country’s gross domestic product (GDP). The government’s National Agenda for Re-Export Development 2030 includes 24 initiatives and programs aimed at doubling re-exports … Read more