GLOBAL TRADE DEVELOPMENT WEEK
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Trade Development News
- Apr 28
- 3 min
Asian Development Bank: Developing Asia to Grow 7.3% in 2021 Even as COVID Lingers
According to a new report from the Asian Development Bank (ADB) economic growth in developing Asia is set to rebound to 7.3% this year, supported by a healthy global recovery and early progress on coronavirus disease (COVID-19) vaccines, The projected resurgence follows a 0.2% contraction last year, according to ADB’s flagship economic publication, Asian Development Outlook (ADO) 2021, released today. The region’s growth is forecast to moderate to 5.3% in 2022. Excluding the
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Trade Development News
- Apr 14
- 3 min
OFFICIAL CHINA TRADE DATA: China’s 31% March Trade Bounce Confirms Covid Comeback
Official China Trade Data from our partners at Trade Data Monitor based on official HS Customs data on all commodities. It was March 2020 that marked the depths of the Covid-19 economic crisis. Factories closed. Shops shuttered. Consumer locked their doors and wallets. Last month’s Chinese exports signals that the global economy has found its way back. Spring is here. Wallets are open. In March, Chinese exports increased 30.7% year-on-year to $241.1 billion. That’s significan
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Trade Development News
- Mar 10
- 3 min
OFFICIAL JAN & FEB CHINA TRADE DATA REPORT
Exports to U.S., EU Drive China Export Comeback - Official January & February China Trade Data insights from our partners at Trade Data Monitor, authored by Chief Economist, John W Miller For a copy of the latest trade data for China and other countries email: andrewk@kwconfex.com The global economy appears ready for a strong rebound from the Covid-19 pandemic. Shipments from China, the world’s top exporter, increased a whopping 60.6% year-on-year to $468.9 billion over the f
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Trade Development News
- Mar 10
- 2 min
ASIA: RCEP to bring 'explosive growth,' fierce competition among parties
The Regional Comprehensive Economic Partnership (RCEP) agreement has been ratified by China and it is hoped that other member countries can speed up their progress and finally reach the threshold of entry into force, Minister of Commerce Wang Wentao said Monday. "The sooner the agreement comes into force, the sooner the people of the member countries will benefit," Wang said on the sidelines of the annual national legislative session. The agreement signed by 15 Asia Pacific c
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Trade Development News
- Mar 8
- 2 min
How blockchain is helping forge global trade ties
If blockchain technology can help reduce the high fixed costs of engaging in these complex procedures, that would be a big win. Blockchain technology has the potential to break the various silos that exist between parties involved in cross-border transactions The technology can help ease access to trade finance for SMEs in particular, reduce costs, and make it easier for them to participate in international trade In 2018, when the World Trade Organization (WTO) laid out block
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Trade Development News
- Jan 21
- 2 min
China FDI rose to record level in 2020 despite coronavirus, fastest growth rate in five years
Foreign direct investment (FDI) into China rose 4.5 per cent from 2019 to US$144.37 billion last year Investment from the Netherlands and Britain increased by 47.6 per cent and 30.7 per cent, respectively, from a year earlier Foreign direct investment (FDI) into China rose to a record high in 2020 by posing the fastest growth rate in five years despite the disruptions caused by the coronavirus pandemic.
FDI in US dollar terms – excluding financial sectors such as banking, sec
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Trade Development News
- Jan 15
- 3 min
OFFICIAL CHINA TRADE DATA REPORT: Global Trade in 2020 Rebounded After Spring Slump
As the world seeks to recover from the devastation of the Covid-19 pandemic, trade data suggests it’s more dependent than ever on the Chinese export engine - Latest December China Trade Data insights from our partners at Trade Data Monitor, authored by Chief Economist, John W Miller - For a copy of December's trade data for China and other countries email: andrewk@kwconfex.com China’s full-year numbers show how global trade was almost crippled by the Covid-19 pandemic during
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Trade Development News
- Dec 8, 2020
- 3 min
Global Economy Being Redrawn By Chinese Export Boom
Latest November China Trade Data insights from our partners at Trade Data Monitor, authored by Chief Economist, John W Miller - For a copy of November's trade data email: globaltrade@kwconfex.com What has been building all year exploded into a crescendo in November, as China registered the biggest month of exports in economic history. Buoyed by a rebounding economy as the U.S. and Europe continue to struggle with containing the coronavirus, Beijing reported shipments of $268
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Trade Development News
- Dec 3, 2020
- 2 min
ASEAN and EU's new online Customs Transit System set to boost trade in the ASEAN region
The private sector in ASEAN now has access to a powerful new online system, the ASEAN Customs Transit System (ACTS), which will reduce intra-ASEAN trading challenges and enable companies to benefit fully from the ASEAN Economic Community (AEC) and the free movement of goods across the ASEAN region. In 2017, ASEAN Economic Ministers set the twin goals of reducing trade transaction costs by 10% by 2020 and doubling intra-ASEAN trade between 2017 and 2025. To realise this goal,
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Trade Development News
- Nov 24, 2020
- 3 min
New Asian trade bloc could help boost post-pandemic investment - UNCTAD
The Regional Comprehensive Economic Partnership agreement comes at a time of major upheaval caused by COVID-19 and could help revive economic growth. A new mega Asia-Pacific trade bloc has the potential to help fuel investment in the wake of the COVID-19 crisis, especially in poorer economies in the region, according to an UNCTAD report. Signed on 15 November, the Regional Comprehensive Economic Partnership agreement (RCEP) unites 15 countries, including China, Japan, Austral
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Trade Development News
- Nov 9, 2020
- 3 min
OFFICIAL CHINA TRADE DATA: China Ramps up Exports to EU, US Hampered by Covid - October 2020
We are pleased to share the October China Preliminary Data from our partners Trade Data Monitor, summarised by John Miller. For a copy of 'October Preliminary China Trade Data' feel free to email andrewk@kwconfex.com Trade Data Monitor Partner APAC China maintained its strong 2020 export performance in October, buoyed by a summer of consumer spending in the U.S. and Europe after a locked-down spring. Overall, outbound shipments increased to $237.2 billion, up 11.4% compared t
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Trade Development News
- Nov 5, 2020
- 1 min
World Bank & WAIPA - State of Investment Promotion Agencies Report
With the growing importance of foreign direct investments (FDI) for accelerating development, to eradicate unemployment and increase exports, many governments around the world have established investment promotion agencies (IPAs) to attract, advocate and facilitate investment in their countries. As often being the first entity contacted by investors and serving as an intermediate between foreign investors and the government, they have one of the key roles in the overall site
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Trade Development News
- Oct 22, 2020
- 3 min
UNCTAD - Global trade shows frail recovery in third quarter, but outlook remains uncertain
UNCTAD estimates show a 5% drop in world trade in the third quarter of 2020 compared to 2019, an improvement from the 19% decline in the second quarter but insufficient to pull trade out of the red. Global trade recorded a 5% drop in the third quarter of 2020 compared with the same period last year, according UNCTAD’s new Global Trade Update published on 21 October.
This marks an improvement on the 19% year-on-year plunge recorded in the second quarter, and UNCTAD expects the
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Trade Development News
- Oct 14, 2020
- 2 min
Chinese trade grows as others struggle amid pandemic
China has recorded strong growth in trade, while other major economies still struggle with the impact of coronavirus. Exports in September rose 9.9%, while imports grew 13.2%, official data show. The rush of imports cut China's usually meaty trade surplus - the amount by which exports exceed imports - to $37bn from $59bn in August. Most other large economies are expected to suffer large contractions as lockdowns and public fear cut spending. But the data suggests a rapid reco
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Trade Development News
- Aug 28, 2020
- 2 min
COVID-19 pandemic & digitalisation of export promotion services – are changes here to stay?
Business leaders, academics and policymakers alike have emphasized over time the challenges of internationalization, and the need for public support in providing better access to foreign markets. Launching in a new market has been a challenge for a number of reasons, from the sheer cost and physical distance, through psychic distance to lack of knowledge and networks in destination markets. The public sector has come up with several tools for supporting internationalization;
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Trade Development News
- Aug 14, 2020
- 2 min
Chinese July trade data tells story of how there are 2 economies in the world right now
Chinese July trade data tells story of how there are 2 economies in the world right now: transportation-based (cars, shoes, luggage, oil) slumping, and home-based (high-tech, phones, toys, food), booming. Chinese exports unexpectedly rose in July, thanks to booms in demand for high-tech gear needed for workers staying at home, according to an analysis by Trade Data Monitor, the world’s premier source of export and import statistics. As the world’s number one manufacturer and
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Trade Development News
- Aug 3, 2020
- 3 min
Trade Intelligence Supporting Economic Recovery Expands To Asia
As nations in Asia adapt to Covid-19, regional trade conflicts, trade embargoes and new trade deals, accurate trade intelligence is becoming a critical, precious and essential asset. US trade intelligence company Trade Data Monitor Inc (US) has signed an Memorandum Of Understanding with KW Group (Malaysia) to support their growth and business development in the Asia Pacific region. US-based Trade Data Monitor (TDM) publishes the official monthly trade statistics of over a hun
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Trade Development News
- Jun 29, 2020
- 2 min
Africa: COMESA Electronic Certificate of Origin (eCO) System will fast-track movement of goods
New Comesa plan set to ease movement of goods Kenya is among 15 African States that have agreed to pilot a new project seeking to ease movement of goods within the region’s trading bloc. The electronic certificate of origin (eCO) System, developed under the Common Market for Eastern and Southern Africa (Comesa) digital free trade area will fast-track movement of goods, enhancing intra-regional trade. The new plan will do away with registration, application and submission of c
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Trade Development News
- Jun 25, 2020
- 1 min
Dubai Customs Reaping Rich Dividends on Digital Investments
Digitalisation of trade facilitation is now fundamental and no longer a distant plan -Congratulations to Dubai Customs under the leadership of Ahmed Mahboob Musabih, Director General of Dubai Customs Against All Odds Dubai Customs Transactions Skyrocket in 2020 - The number of customs transactions completed by Dubai Customs skyrocketed 36% in the first five months of 2020 to reach 5.9 million compared to 4.4 million transactions in the corresponding period in 2019. This indic
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