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 […]
Tag: Global Trade Data
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 […]
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 […]
Have you ever wondered how strategic forums like the Bilateral Investment Treaty (BIT), Comprehensive Economic Partnership (CEP) and other forums help in fostering the country’s economic growth and how this strengthens the strategic relationship? Let’s understand this whole scenario with India and UAE examples and learn how this provides a platform for businesses and entrepreneurs […]
What if the non-renewable energy source is replaced with a clean, abundant energy source that revolutionizes industry, transforms transportation, and solves the ongoing issues of global warming and Climate change? What! Yes, Hydrogen, which is generally known as the Future fuel. Let’s understand this. Recently, India has proposed a $5 Billion fund for IH2A, a […]
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 […]
Global Biofuels Alliance (GBA) is an initiative of the G20 attendees who participated in the G20 Summit 2023. The initiative marks the beginning of a new world order with clean energy transition, as it aims to promote the use of biofuels as an alternative to fossil fuels. Biofuels are liquid fuels derived from biomass (plant […]
UK’s chemical industry has been witnessing growth, despite the differences in the value of the imports and exports of the most valued commodity in the section—fatty acids. The market of fatty acids has been a robust and essential one due to its application in various other sectors. Fatty acid is a valuable commodity in the […]
Brazil’s cold chain logistics market has been significantly growing thanks to the high demand for cold chain facilities for the storage and transportation of meat, grocery products, and fast-food items. The growing pharmaceutical industry is also playing a tremendous role. Brazil’s cold chain logistics market size is expected to grow from USD 2.43 billion in […]