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International Trade
U.S. international trade in goods and services, August 2024
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $70.4 billion in August, down $8.5 billion from $78.9 billion in July, revised.
Exports, Imports, and Balance…
Why the cost of Matarbari deep-sea port project is going up
Four years after its approval, the cost of the Matarbari deep-sea port project in Cox's Bazar has escalated, while the deadline has been pushed back too.
Although the real physical progress on the project is still zero,…
BNP Paribas Fortis: Outstanding Contribution to SME Financing Benelux 2024
BNP Paribas Fortis is a key player in the Belgian banking sector with a rich history spanning over 200 years. As a leading bank in the region, it has demonstrated a steadfast commitment to supporting small and medium-sized enterprises…
Global Markets: Canadian trade deficit widens
The following is a glance at the news moving markets in Canada and globally.
Canada’s international trade deficit widened to C$1.1 billion in August, as imports increased by 0.3 per cent and exports fell by 1.0 per cent, Statistics…
Costa Rica is the #1 exporter of medical devices
QCOSTARICA — The 7% growth in exports of goods in the cumulative January – August 2024 is not the only reference to the good export performance of Costa Rica.
According to information from Trade Map – database of the International Trade…
China hits back at EU with brandy tax
China has imposed taxes on imports of European brandy in a move that France has said is retaliation for recent big tariffs the EU announced on Chinese electric vehicles.The European Commission said it would challenge China's tax at the…
Uganda signs agreements with China to export wild aquatic products | Food Business Africa
UGANDA – Uganda has formalized two agreements with China to allow the legal export of wild aquatic products, alongside dried chillies.
The protocols were signed by the Ministry of Agriculture, Animal Industry and Fisheries (MAAIF) and the…
Tackling Illegal and Unregulated Fishing
Scholar recommends that legislators tighten restrictions on unlawful fishing.Americans spend over $100 billion annually on seafood. Yet experts predict that destructive fishing practices will decrease the global fish supply, exacerbating…
Mixed bag of fortunes as Uganda turns 62
The 62nd independence event is happening when Uganda’s economy is ailing with a worsening trade deficit at $ 247.93 million as of June 2024. This is in addition to projected debt by the International Monetary Fund (IMF) of $993 million,…
Emerging negative factors – Opinion
There is an air of general optimism about the economy today. The Extended Fund Facility of $7 billion was approved by the IMF Executive Board almost two weeks ago.
The first installment of the loan of over $1 billion has been received.…