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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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Trade Development News
- Jun 24, 2020
- 1 min
APEC: Why Trade is a Critical Response to COVID-19
Interesting insights By Krasna Bobenrieth When COVID-19 first started to garner attention at the beginning of 2020, nobody foresaw the widespread health, economic and social impact it would have. While the world has experienced terrible pandemics before, it’s hard to remember one with such far reaching consequences in our lives, societies and economies, and that affected so many different parts of the world in such a short time. The region has already been experiencing trade
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Trade Development News
- Jun 11, 2020
- 1 min
UNCTAD: China's Trade Facilitation responses to the COVID-19 Pandemic
Written by: Pamela Ugaz and Sijia Sun With the unprecedented global spread of COVID-19 in only one month, the World Health Organization has declared the virus a pandemic. The COVID-19 poses a severe global threat, not only substantially impacting people and public health, but also disrupting global trade. Border agencies face the challenge of expediting imports, including donations and emergency relief while ensuring epidemic prevention and providing adequate Customs clearanc
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Trade Development News
- May 19, 2020
- 3 min
May Trade Newsletter & Final Registrations FDI Webinar (Closing Tomorrow!)
A new normal is here! Without a doubt 2020 has a lot of twists and turns in store for global trade & investment. Our May newsletter shares the top stories from the last few weeks as well as a final reminder to register for this weeks FREE Webinar: Asia Pacific High Value FDI, Trade & Investment Innovation Strategies For Economic Recovery Join 500 participants from Governments, IPAs, Free Trade Zones, Site Selection & Industrial Advisory to discuss FDI, Trade & Investment reco
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Trade Development News
- May 16, 2020
- 1 min
IMF: Tracking Trade During the COVID-19 Pandemic
With the current fast-changing developments, policy makers need to know what is happening to the economy in real time, but they often must settle for data telling them what happened many weeks ago. And international trade, which links countries through a complex web of supply chains, is an area where timely information is especially valuable from a global perspective. Most trade takes place by sea, and—for navigational safety purposes—virtually all cargo ships report their po
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Trade Development News
- May 13, 2020
- 1 min
Trade Balance Indonesia: Trade with China Comes on Steam Again After Lockdown Ends
Last month we basically came to the conclusion that the novel coronavirus (COVID-19) crisis has a direct (short-term) positive effect on Indonesia’s trade performance (although the longer term consequences are clearly negative) as Indonesia managed to boost exports (possibly because it filled the gap left by China’s lockdown), while imports into Indonesia fell markedly (partly because of the lower need for inputs for export-oriented output), thus leading to a comfortable trad
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Trade Development News
- May 11, 2020
- 1 min
A Shift in Trade as Consumer Spending Declines, China April 2020 Trade Data Shows
As the first country to suffer the impact of the coronavirus, China is leading the way in restarting its economy, and its performance offers some clues to what the U.S. and EU can expect for the rest of the year. To some, China’s performance is a sign of resilience. Markets on Thursday rose to the announcement by China’s General Administration of Customs that exports in April had increased 3.5% compared to the same month a year ago. However, the longer-term outlook is likely
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