international trade

Maritime Trade Disruptions Amid Ongoing Russo-Ukrainian Conflict: The Case of Port Pivdenny

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Navigating Through Conflict: Russian Hindrance to Ukraine’s Port Access Amid the ongoing Russo-Ukrainian conflict, the global trading dynamics have taken a significant hit, primarily due to Russia’s ongoing blockade of Pivdenny, Ukraine’s deepest seaport. This unilateral action, with a lack of explanation or prior notice, is exacerbating an already strained situation, adding to the challenges … Read more

A Comprehensive Look at the History of International Trade

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Early Beginnings of Trade The history of international trade dates back to prehistoric times when prehistoric people traded goods and services to satisfy their respective needs. The first international traders were the merchants of the East Mediterranean coast, who bought and sold goods to other nations as early as 3,000 BC. The Silk Road, a … Read more

The Dynamics of International Trade: The Disruption of the Grain Agreement by Russia

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The Russian Federation’s Disruption of the Grain Agreement The ongoing grain agreement dispute, primarily involving Russia and Ukraine, is revealing a significant power play in the realm of international trade. According to Ukraine’s Permanent Representative at the UN, Serhiy Kyslytsia, Russia has been manipulating the situation to its advantage, alleging that the grain agreement is … Read more

The UAE’s Pivotal Step Towards Sustainable Fisheries: Embracing the Agreement on Fisheries Subsidies

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As the world grapples with overfishing and depleting fish stocks, a global effort is underway to protect our oceans. The Agreement on Fisheries Subsidies is a significant stride towards healthier oceans and sustainable fishing practices, with the United Arab Emirates (UAE) recently becoming the seventh member of the World Trade Organization (WTO) to formally accept … Read more

Addressing the U.S.-China Trade Deficit: A Deep Dive into Senator Hawley’s Proposed Higher Tariffs Legislation

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Trade relations between the United States and China have been a subject of global interest for several decades. The recent legislation on higher tariffs on Chinese imports, known as the ‘Raising Tariffs on Imports from China Act,’ introduced by Senator Josh Hawley, seeks to reduce the U.S. trade deficit. This article examines the implications of … Read more

The Future of the US Dollar: Maintaining Global Supremacy Amid Emerging Alternatives

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The US dollar has been the world’s primary reserve currency since the end of the Second World War, a position that has remained unchallenged even as political and economic landscapes shifted. Today, however, emerging trends indicate that this supremacy might be facing a contest. The Unwavering Dominance of the US Dollar The US dollar’s prominence … Read more

The Revitalization of China-Australia Economic Relations: A Beacon of Hope Amidst Global Tensions

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Reigniting the Flame: High-Level Economic Talks Resume The diplomatic journey between China and Australia has been nothing short of a rollercoaster ride. Yet, a fresh gust of optimism is blowing across the diplomatic corridors with the recent visit of Australian Trade Minister Don Farrell to Beijing. This visit marked a significant milestone in the recovery … Read more

Malaysia’s Economic Surge: A Detailed Examination of 5.6% GDP Growth

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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

Comprehensive Guide to International Business Degrees

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The world of international trade is growing exponentially, and with it, the need for professionals trained to navigate the complex landscapes of global commerce. A degree in international business can be a stepping stone to a variety of career opportunities in this exciting field. What is an International Business Degree? An international business degree is … Read more

Bolivia Considers Yuan-Based Trade: Echoing a Growing Latin American Trend

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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