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Indonesia to Sign Quality Assurance for Fisheries Products

August 5, 2024 0Comments 165Views

US and Indonesia: Signed Quality Assurance for Marine and Fish Products

The demand for marine and fisheries products portrays the billion-dollar market opportunity seafood products globally. Among these, some countries’ coastal boundaries provide a competitive edge with the perfect oceanic and climate conditions. Despite having a vast source of seafood products, countries failed to capture shares in the global market. This happens due to the high safety standards required to export and import fisheries and marine products. To tackle this issue and the full utilisation of the marine resource, the Indonesian government, signed a strategic USA’s quality assurance of marine and fisheries products. This ensures safety standards, and freshness throughout the entire production chain. Further, this will enhance the export of seafood trade. Let’s see how – Indonesia: The Expanding Market

June 5, 2024 0Comments 263Views

Global Agricultural and Fruits Demand and Supply Outlook and Forecast

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 covers detailed data on imports and exports of agricultural products and fruits. World Agricultural Demand and Supply by Commodity Global trade of agricultural commodities is expected to increase in 2024 due to rising consumption of foods products. Oil seeds are imported and exported the most among agricultural products in 2023, followed by dairy products, wheat, sugar, and cotton. Below given chart shows global imports and

May 16, 2024 0Comments 161Views

Germany Export Growth Analysis: Rise Despite the Challenges

Germany’s economy has faced significant challenges in the last two quarters, from technical recession to becoming the old sick man of Europe. Germany has become the world’s 3rd largest economy, despite challenges. Strong economic fundamentals, Govt policies, manufacturing power, strategic trade partners, and other factors, led Germany to register growth and improve its trade performance. Germany’s commodities export increased because of strong demand from the USA and China in 2024. Here is Germany’s trade performance – Germany’s commodities exports significantly grew by 13.6% in 2023, compared to last year’s value. Although there was a downfall in overall commodities exports in 2020, this decrease was attributed to the global slowdown due to COVID-19. However, exports increased after 2020, and imports decreased

April 25, 2024 0Comments 244Views

How Could a Blocked Strait of Hormuz Disrupt the Global Oil and Gas Network?

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 oil and natural gas reserves in the world. Due to its strategic location, any disruption to this strait may affect the worldwide supply of goods and oil. Discover how important the Strait of Hormuz is. Will the Strait of Hormuz Get Blocked? Whether this bottleneck of the global supply will be blocked or not, can be predicted. However, the potential disruption to worldwide supply chains

April 15, 2024 0Comments 152Views

How USA’s Top Spot in LNG Export Can Ensure the lasting Growth for Businesses?

The US, one of the key players in world trade across the regions, has overridden Qatar and Australia to secure the top position as the global supplier of LNG. The significant rise in the export of LNG from the USA demonstrates the shift in the demand for energy from crude oil to sustainable sources of energy. The shift is majorly attributed to the growing concern of climate change and global warming which is forcing nations to adopt more efficient and eco-friendly sources. Further, with accelerated demand for making the country carbon neutral, the national and international Govt are diversifying their source of energy toward environment-friendly LNG. Let’s understand how USA LNG exports cover the international market. US LNG Export to

March 15, 2024 0Comments 202Views

Red Sea and Panama Canal Crises on Global Trade

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 affected the Panama Canal, and key maritime routes are facing unprecedented hurdles. But how did this begin? What are its effects on trade and trade data? Is it a point of concern, and how is the world adjusting to this scenario? To get a better understanding of this, we’ll delve into the nitty-gritty of this matter in this blog and discover the linked countries getting

February 21, 2024 0Comments 171Views

Why USA’s Gas Giants Tapping Asia and Mexico’s Markets?

The United States of America, the world’s largest gas producer and exporter, is working on a new gas pipeline on Mexico’s coast to bypass the drought-chocked Panama Canal and establish a direct trade route to Asia. This route potentially cuts travel times and costs significantly. Once the development of the proposed project is completed, it will transform Mexico’s gas terminal into an export facility for American-produced gas, marking a major trade shift internationally in the gas trade dynamics. Why is the USA Eyeing Asia for Its Gas Market? Asia is the fastest-emerging market in the world, contributing approximately 17% of global trade. Like advanced economies, Asia has started the process of shifting industries based on fossil fuels to sustainable sources

February 2, 2024 0Comments 135Views

Global Election in 2024 – An Opportunity for Business in Countries

We started our journey in 2024 with the commitment to pursue success in life, achievement, and recognition of fame. What if the election of a country does the same for export-import business? Let’s delve into the unfolding event of 2024 and see how countries’ elections are crucial for any business accomplishment. More than half of the world’s population will vote to elect their representative of a country in 2024, which will emerge as a transformative epoch in democratic history. The country’s representative determines the futuristic perspective of a country for development, diplomatic relations, enriching business culture, etc. by providing a conducive environment for economic growth and entrepreneurship. Mellifluous Election – An Opportunity for Business Growth Stable Policies – A

Pakistan-Iran Tensions and Trade Concerns

January 25, 2024 0Comments 165Views

Pakistan-Iran Tensions Raise Economic Woes and Trade Concerns

Summary : Pakistan-Iran conflict raises questions over cross border trade. Standoff comes at a time of economic strife for Pakistan. Pakistan depends on imports from Iran. Pakistan’s imports from Iran were over USD 800 million in 2023. The conflict could impact their trade as the two countries signed a five-year trade plan in August 2023 and set the bilateral trade target at $5 billion. As the world is already embroiled in the Russia-Ukraine war and the Israel-Palestine conflict, another war could bring serious implications for the world. This time war between Pakistan and Iran could impact global trade and Pakistan’s economy which is already struggling with problems. What would be the impact of conflict on Pakistan-Iran trade? What was the

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