Global Trade News Archives - Page 8 of 14 - Market Inside - AI-Powered Global Trade Intelligence Platform

November 18, 2022 0Comments 176Views

New EU Levies To Reduce Carbon Emissions From Certain Sectors

EU levies to reduce emissions in order to meet the target of cutting carbon emissions. The European Union’s “Fit For 55” package consists of legislative proposals focusing on reducing carbon emissions by 2030. The new regulatory framework for reducing emissions in the EU has been proposed by its parliament. It suggests that changes are required in the Emissions Trading System (ETS) and new levies on the EU’s imports under the Carbon Border Adjustment Mechanism (CBAM). New EU Levies On Sectors The proposal under the “Fit For 55” package and the CBAM, the EU’s parliamentary authorities will initially apply the changes and impose a ‘carbon price’ on imports of high-carbon commodities imported from other countries, belonging to different industries. Read More:

November 14, 2022 0Comments 225Views

U.S. and UAE Signs Strategic Partnership Deal on Clean Energy Investment

The United States of America and the United Arab Emirates have signed a strategic partnership deal that will see $100 billion mobilized to develop 100 gigawatts of clean energy by 2035. The deal was signed during the Adipec energy conference in Abu Dhabi which is entitled the “Partnership for Accelerating Clean Energy” (PACE). The cooperation came within the framework of the close friendship between the UAE and the U.S. It is a commitment of both sides to work to enhance energy security and advance progress in climate action. The partnership deal between the U.S. and UAE encompasses four main pillars: Industrial and transport decarbonizationNuclear energyManaging carbon and methane emissionsDevelopment of clean energy innovation and supply chains The two countries will

EU-Indonesia Trade Ties, EU Imports Rise

November 11, 2022 0Comments 166Views

EU-Indonesia To Develop Ties, EU Imports Surged By $3B So Far

EU-Indonesia to develop ties this year, so much so that the EU imports from Indonesia have surged by a value difference of about $3 billion. The EU is likely to import much higher than Indonesia’s import in the near time, as per the analysis of trade data of both countries. The imports of the EU from Indonesia are relatively higher than the imports of Indonesia. This shows that both countries, especially the European Union, are moving towards the progression of the previous talks over the Comprehensive Economic Partnership Agreement (CEPA) from 2016. EU-Indonesia Historical Trade The first data shown below shows the yearly imports of the EU from Indonesia. 2017 shows the total value of imports amounting to $19.4 billion,

November 1, 2022 0Comments 228Views

Banks Risk Widening Trade Finance Gap Amid ESG Challenge

Banks are facing a risk that stricter environment, social and governance criteria could worsen the trade finance gap by cutting off access to financing for companies that need it most. It could hinder their expansion of sustainable trade finance offerings to meet growing corporate demand. Trade finance comprises financial instruments that support a company’s imports and exports. “Trade Finance” – Financial instruments that companies use to facilitate trade, such as letters of credit, supply chain finance, performance guarantee, and import/export loans. Risk at Large As trade finance banks embrace ESG, some industry players worry that implementing stricter sustainability criteria into funding conditions will make it harder for companies to access trade finance. According to the reports, the trade finance gap,

October 31, 2022 0Comments 185Views

Fluctuation In Japan’s Exports To China, Registered Loss Over $2B

Japan’s exports to China this year have been found to be fluctuating quite vigorously so far. The exports of Japan have not decreased significantly due to a comparison with the previous year, instead, the monthly values show fluctuation and show a loss of about $2 billion. The exports to China from Japan amounted to $163.94 billion in 2021, following a low value of exports amounting to $141.32 billion in 2020. However, the monthly trends of Japan’s exports to China show a lot of fluctuation. Japan’s Top Exported Commodities To China The top exported commodities of Japan to China in 2021 were—Manufacturing Materials For Semiconductor ($6.6 billion), Hybrid Motor Cars ($4.6 billion), Gear Box & Parts ($4.5 billion), Spark-Ignition Combustion Vehicles

October 15, 2022 0Comments 257Views

Global Nuclear Medicine Market – Trends and Data Analysis

The global nuclear medicine market grew in 2021 as total trade recorded US$810.3 million. Germany’s exports of nuclear medicine increased last year as compared to the previous year. The United States of America reported a sharp decline in the value of export shipments of nuclear medicine. According to our global nuclear medicine market research report, the top importer countries of nuclear medicine in 2021 were China, Germany, and the United States. This report involves significant information about importing and exporting countries of nuclear medicine with market trends. Global Import and Export Trends of the Nuclear Medicine Market Global trade in nuclear medicine reached up to US$810.3 million in 2021. The imports of nuclear medicine were US$480.7 million last year, up

China's Electronics Exports Down In Q1-2022 After A Frequent Growth

September 9, 2022 0Comments 159Views

China’s Electronics Exports Down In Q1-2022 After Rising Values

China’s electronics exports to the world amounted to $898.95 billion in the year 2021. The exports of electronics from China to other countries accounted for significant growth over the past five years. It is predicted that the electronics industry will grow more. However, the recent outbreak of COVID-19 in China has resulted in an upside-down situation. In the very first quarter of 2022, the exports of electronics from China registered a downfall for the first time in years. This has raised concerns over the future of electronics around the world. China’s Electronics Exports Growth The yearly exports of electronics from China cover a time period of five years (2017-2021). 2017 amounted to $598.9 billion, followed by $664.4 billion and $670.4

August 3, 2022 0Comments 219Views

Is China’s Move to Increase Coal Supplies Risk Low-Carbon Transition?

It has been a tough year for international coal markets in the first half of 2022. On 1st January, Indonesia banned coal exports to protect supplies for its power stations. The month-long measure by the world’s biggest coal exporter injected volatility into the global coal market, but Russia’s invasion of Ukraine really set prices of coal rocketing. According to market data, the cost of coal was US$190.65 a tonne before the Russia-Ukraine war and it got more than doubled to US$439 a tonne in the following weeks. It then declined to US$395 on 13th July which was still 107% higher than before the war. The Western-led sanctions on Russia are a factor in a rise in coal prices that is

July 30, 2022 0Comments 151Views

EU Plans to End Its Reliance on Russian Energy

Key Points EU leaders say they will block Russian oil imports arriving by sea by the end of 2022.EU has also committed to reducing gas imports from Russia by two-thirds within a year.About half of Russia’s crude oil exports went to Europe in 2021.The Netherlands was the biggest importer of Russian oil in 2021, while France was the net buyer of Russian LNG. It’s been more than 100 days since Russia’s invasion of Ukraine that led to disruption in the global supply chain of goods including energy products and food items. In fact, the European Union has put sanctions on Russia and banned the import of certain commodities. How EU will reduce its dependency on Russian energy as about half