The USA and China, are the largest economies in the world with a bilateral trade value of more than $500 billion in 2023. With their immense potential for manufacturing processes, they dominate the global export market, benefitting the export and import businesses globally. However, this billion-dollar trade has been strained in the last few years […]
The diplomatic and trade relations between Israel and Iran have been very complex and hostile. This relationship is becoming worse day by day with starting of Iran-Israel conflict. Amid the growing tension, Iran warned the world with confirmed retaliation. This poses a potential threat to the global oil supply. In the international trade arena, both […]
Global supply chains have faced significant disruptions due to congestion caused by Red Sea diversions, resulting in soaring container rates, and creating challenges for businesses worldwide. Attacks by the Houthis on ships led to the United States and allied responses, causing chaos in maritime trade. India’s small and medium-sized businesses, especially exporters, are bearing the […]
Global demand and supply for agricultural products and fruits is projected to continue increasing in 2024 due to rising consumption across regions. In terms of trade, the largest gainers in 2023 were rice, and sugar in the agricultural category, and apples, berries, pears, grapes, mangoes, melons, and bananas in the fruit category. This research report […]
India has taken one step forward to expand trade with Central Asian countries by signing a crucial Chabahar Port agreement with Iran for 10 years. The Chabahar Port is located on the Gulf of Oman and is a crucial gateway for Indian commodities to access landlocked Afghanistan and Central Asia. This will be accomplished through […]
China and Russia are likely to discuss the agenda of de-dollarization in BRICS 2024 as both countries have agreed to use local currencies up to $260 billion. To counter the plan of two influential BRICS members in favor of de-dollarization, the United States is playing the sanctions card against China and Russia. What will be […]
In a recent geopolitical event, Iran shocked the world with potential disruption in worldwide oil supply by blocking the strait of Hormuz. This strategic place controls around 30% of the global oil supply and 20% of natural gas exports to the world, passing through this strait. The Strait of Hormuz is one of the biggest […]
The European Union (EU), the world’s largest trading block consisting of 27 countries, and China, the world’s 2nd largest economy with a global manufacturing powerhouse, are failing on the economic front to sustain bilateral trade for both export and import businesses. China and the EU dominated the export market worldwide, with more than 17% and […]
The Red Sea and Panama Canal crises have taken the world of trade by storm. An unexpected chain of events has caused significant slowdowns in the affairs of trade. This has impacted the import and export trade of most countries dealing in various commodities. The escalating attacks in the Red Sea and climate-induced droughts have […]
The US recently presented constructive support for the QUAD, a comprehensive strategic group, by passing a bill in the House aimed at ensuring continuous support and fostering all-weather connectivity through supply chain diversification. What is QUAD? QUAD is a group of the world’s most influential countries including the USA, India, Japan, and Australia. Initially, it […]
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