A country that enjoys net exports brings in more revenues from products sold abroad than it spends on total imports. As a reminder, net exports are a measure of a country’s total trade. The formula for calculating net exports is quite simple: The value of a country’s total export goods and services minus the value …
China, a fast-growing wine market, plans to turn its primary wine-producing region of Ningxia into a center of top-quality wine production. It also plans to compete with international brands and boost the local economy. The latest news revealed that the Asian giant aims to turn Ningxia into one that rivals France’s Bordeaux. A plan, which …
China aims to turn Ningxia into France’s Bordeaux rival Read More »
On June 15, the U.K. and Australia announced a free trade deal. The British government hailed it as an essential step in building new trade relationships following its exit from the E.U. According to the U.K. government, the free trade agreement suggests it will cost less for British businesses to sell products such as cars, …
A contract for a five-year ceasefire in a U.S. and E.U. debate over aircraft support on Tuesday had achieved progress. However, the underlying trade relationship remains delicate, with many unresolved conflicts, diplomats and trade experts stated. The two economic powers allowed to set aside tariffs on $11.5 billion in U.S. and E.U. goods run during …
China will increase its management of commodity supply and demand to control “unreasonable” rises in prices and block them from being passed on to consumers. The country’s cabinet stated on Wednesday as it forced coal producers to increase output. As stated by a State Council executive meeting on Wednesday, China will break down on monopolistic …
The European Union and the United States are to begin talks to discuss the steel tariffs forced by President Donald Trump. In a shared statement Monday, the U.S. and European trade representatives stated they were attending to find answers before the end of the year that will mark the overcapacity in the steel sector. This …
EU and U.S. starting talks on ending steel tariffs Read More »
China has the second-largest economy in the world and many people may think that its economy outperformed other economies. However, the situation is more complicated as Vietnam is likely the top-performing economy in 2020. People should take into consideration that, not every Asian economy reported a fourth-quarter as well as full economic numbers. Based on …
It was a tough day for stocks in the region. Importantly, stocks in Asia-Pacific were lower on Tuesday as concerns regarding a coronavirus surge in multiple countries affected optimism over the vaccine rollout in the U.S. Let’s have a look at the stocks on December 15 across Asia-Pacific to learn more about the situation. …
The trade war between the U.S. and China is one of the most famous trade conflicts in the modern world. However, there are other important conflicts well. For example, the trade conflict between the U.S. and the European Union (EU). However, the U.K. wants to de-escalate a damaging international trade conflict. It is worth mentioning …
U.K. Wants to Solve an International Trade Conflict Read More »
Countries around the world are trying to minimize the damage caused by the pandemic, and it is not an easy task. However, the world’s second-largest economy continues to gain strength, as can be seen from the data. It is worth noting that China’s exports rose at the fastest pace in almost three years in November. …
China’s Exports Rose at the Fastest Pace in Almost 3 Years Read More »
Australia’s economy was growing for decades, but the coronavirus pandemic changed the situation. Fortunately, the country’s economy grew by 3.3% in the third quarter, rebounding from its first recession in nearly three decades. The local economy recovered from pandemic-related shocks. According to Treasurer Josh Frydenberg, it would take a lot to get the economy back …
Australia’s Economy Grew by 3.3% in the Third Quarter Read More »
Australian companies are trying to adapt to the new reality, but the coronavirus is not the only problem. Another serious issue also affected their plans. Importantly, Australian winemakers have received another blow from China as tensions continue to rise between the countries. On Friday, Chinese regulators made an important announcement. According to this announcement, they …
How Tensions between China-Australia Affected Winemakers Read More »
India is the second-most populous country in the world and the country has one of the largest economies in Asia. However, the country is unlikely to join the world’s largest free-trade bloc in the nearest future. This is because India remains more inclined toward bilateral agreements. As a reminder, 15 Asia-Pacific countries signed the Regional …
It was a positive day for stocks in Asia-Pacific, after China and 14 other countries located in the region signed a deal that formed the world’s largest trade alliance. It is worth mentioning that, the trade deal signed on November 15, aims to gradually reduce tariffs across many areas. People should take into account that …
There is no lack of trade agreements in the world. Last week more precisely, on Sunday, China and 14 other countries signed the world’s largest trade agreement. This deal will further strengthen China’s political and economic influence in the region. The signing cemented the Regional Comprehensive Economic Partnership (RCEP) as the world’s largest trading block. …
Importance of the World’s Largest Trade Agreement Read More »
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