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The Latest Breaking News from International Trade

Trade Secretary accused of ‘disrespect’ after missing Australia deal scrutiny

Trade committee chair Angus Brendan MacNeil said MPs had been ‘consistently hindered’ in attempts to examine the deal.

The Independent UK

U.S. Consumer Confidence And Other Macro Issues For Tuesday

Federal Reserve Bank of Richmond President Thomas Barkin is set to speak at 8:00 a.m. ET. An advance report on U.S. international trade in goods for May is scheduled for release at 8:30 a.m. ET. The US goods deficit is projected to shrink further to $102.0 billion in May after…

Benzinga

UAE to Double National Economy to $816 Billion by 2030

The Ministry of Economy has announced that the UAE will soon sign comprehensive economic partnership agreements (CEPA) with several countries. It will also sign trade preference agreements with the member countries of the Organization of Islamic Cooperation in early 2023. The ministry said that the new partnership agreements aim to…

Asharq Al-Awsat

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UK quietly drops ‘human rights’ and ‘rule of law’ from list of goals in Gulf trade deal

Ministers are desperate to sign new trade deals after damaging the UK economy with Brexit

The Independent UK

Steel campaigners celebrate plan to extend measures to protect UK industry

The Department for International Trade is set to extend the package of tariffs and quotas - despite the Prime Minister's ethics adviser quitting last week over the plan

Daily Mirror

International trade: Is it a help or a hindrance?

Leading economies have been afflicted with new problems over the past year. The United States is struggling with both supply-chain blockages and a critical shortage of baby formula. The European Union faces the threat of scarce energy supplies, owing to sanctions on Russian fossil-fuel exports. And almost all countries are…

Bangkok Post

Accelerating ASEAN’s energy transition and clean mobility

Endorsed and hosted by Thailand's Ministry of Energy, under the patronage of H.E. Supattanapong Punmeechaow, Deputy Prime Minister of Thailand, the world’s largest organiser of energy exhibitions and conferences, dmg events, presents Future Energy Asia and Future Mobility Asia. The combination of events are dedicated to accelerating ASEAN’s energy transition…

Bangkok Post

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Calls for Tories to extend steel safeguards and save UK industry from £150m blow

Shadow International Trade Secretary Nick Thomas-Symonds tackled the Government over the measures in the Commons as experts demanded an extension to 2024

Daily Mirror

A trade dispute between the U.K. and the EU erupts over post-Brexit deal

The international trade dispute has drawn widespread condemnation and threatened to disrupt the relative peace in Northern Ireland since the 1998 Good Friday Agreement in Belfast.

WEKU

Samsung China Chip Production Faces Disruption from Korea Trucker Strike

Samsung Electronics Co Ltd's chip production in China is facing disruption from a trucker strike in South Korea which is blocking exports of a key material, the Korea International Trade Association (KITA) said on Tuesday. It is the first concrete sign that the week-long strike is impacting chip production, having…

Asharq Al-Awsat

S.Korea truckers end strike; gov't agrees to extend pay guarantee

South Korea's unionised truckers and the transport ministry reached a tentative agreement on Tuesday on minimum pay guarantees in a late night deal ending a nationwide strike that crippled ports and industrial hubs, the two parties said.

Reuters

Brexit impact causes successful Scots firm to end all international trade

A SCOTTISH business has ceased all international trade after its owner said the impact of Brexit led to long waiting times, missed parcels and…

The National (Scotland)

PM Modi stresses need to make Indian banks, currency important part of international trade, supply chain

Inaugurating the ‘Iconic Week Celebrations’, Prime Minister Narendra Modi highlighted the importance of domestic banks and currency for India’s role in the international trade and supply chain.

The Hindu

Saudi Arabia Ranks 1st Globally in Date Exports at $324 Mln

Saudi Arabia has ranked first globally in terms of the value of date exports in 2021, which stood at SAR1.215 billion ($320 million), according to the International Trade Center’s TradeMap. The National Center for Palms and Dates stated that the achievement reflects the wise leadership’s keenness to enhance non-oil exports…

Asharq Al-Awsat

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Benzinga

Economic Data Scheduled For Friday

An advance report on U.S. international trade in goods is scheduled for release at 8:30 a.m. ET. The US goods deficit is projected to shrink to $118.0 billion in April after deepening to $127.1 billion in March.

Insider UK

Scottish Chambers names new international trade director to target global growth

The business organisation is looking to expand and establish new trading alliances

Bangkok Post

A restored WTO just the tonic

Russia's invasion of Ukraine has heightened everyone's appreciation of global issues and interconnectivity. In addition to geopolitical and defence concerns, there is a renewed focus on the state of international trade. After continuing Donald Trump's destructive trade policies for more than a year, US President Joe Biden's administration finally appears…

Birmingham Post

North East thriving tech sector is showcased in bid to attract more inward investment

Department of International Trade specialists from around the world spent two days in the region to see the tech success story first-hand

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The National (Scotland)

Top US Democrat visits UK ministers over threat to Northern Ireland Protocol

INTERNATIONAL Trade Secretary Anne-Marie Trevelyan met top US Democrat Richard Neal amid tensions over the post-Brexit deal with Northern Ireland.

The Independent UK

Liz Truss to meet with top Democrat as Northern Ireland Protocol row heats up

Richard Neal is also expected to attend meetings with International Trade Secretary Anne-Marie Trevelyan and Labour leader Sir Keir Starmer.

Birmingham Post

Government talks up benefits for North East as Mexico trade negotiations kick off

Minister for International Trade Ranil Jayawardena told journalists he was "sure" Mexican investors want to do business in the region once a deal is concluded

Bangkok Post

Bitkub set to rejig 'Gen Z to CEO' push

Bitkub Capital Group Holdings and the Department of International Trade Promotion (DITP) have signed a memorandum of understanding to prepare Thailand's youth for the digital economy era and Web 3.0.

Caixin Global

Chinese President Xi Jinping Pledges to Open Door Wider to World

On 70th anniversary of international trade council, leader vows cooperation on vaccine research and development and on global public health

Bangkok Post

Global food trade show set for next week

The Department of International Trade Promotion (DITP) along with the Thai Chamber of Commerce and Koelnmesse (KM) Germany have organised THAIFEX-ANUGA ASIA, the continent's most comprehensive international food and beverage trade show, with both a physical and virtual format next week.

The Independent UK

Trevelyan plans to ‘de-Putinise’ world economy by ending reliance on Russian gas

International Trade Secretary Anne-Marie Trevelyan will set out plans to boost green technology to help wean countries off fossil fuels.

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