Latest in Tag: trade Highlight

Latest in Tag: trade


US-China trade row: Americans feel the pinch

Despite their repeated attempts, US retailers have so far been unable to veer President Trump away from imposing tariffs on imports from China. His latest tariffs, however, have the potential to hit American consumers.Bulla says she didn’t notice any difference in consumer prices in the US so far. Ana, though, is sure that prices have …

Deutsche Welle

US-Canada trade-off: Who is happiest with NAFTA 2.0?

A new North American trade agreement has been struck between the US, Canada and Mexico following tense negotiations. But is this a victory for US President Donald Trump or is the picture a little more nuanced?NAFTA is dead, long live USMCA? It’s not the most inspiring battle cry you’ll ever hear but it neatly sums …

Deutsche Welle

Chinese gangs fuel illegal South Africa abalone trade: report

Chinese crime syndicates working with local South African gangs have caused stocks of abalone to be depleted at a record rate. Illegal trade in the marine mollusks extends across sub-Saharan Africa.Demand for abalone in Asia is increasingly being met through illegal harvesting run by criminal gangs threatening the survival of the marine mollusk in South …

Deutsche Welle

German executives pin hopes on trade truce with US

Businesses in Germany have grown more optimistic again about their future economic outlook, a fresh monthly barometer by the Munich-based ifo think tank has shown. And that despite the US-China trade conflict.Confidence among German business leaders improved noticeably in August, the ifo economic institute found in its latest regular survey of 9,000 firms across Europe’s …

Deutsche Welle

Thailand expects 5% trade increase with Egypt by end of 2018

Thalerngsak Vongsamsorn, minister counsellor for commercial affairs at the Thai embassy in Egypt, expected a 5% trade increase by the end of 2018 compared to 2017, noting, “positive expectations resulted from market stabilisation. Our exports and imports were affected by the Egyptian pound flotation in November 2016, but now the situation is better.” Vongsamsorn told Daily News …

Hagar Omran

Trade tensions hit Chinese growth

China’s economic growth slowed in the second quarter, adding to the many challenges Beijing faces amid a mounting tariff battle with Washington and weakened global demand for its exports.Chinese growth slowed slightly in the second quarter as the world’s number two economy faced a snowballing trade fight with the United States, after Washington and Beijing …

Deutsche Welle

EU, China seek closer ties as US turns against trade

At a time of heightened uncertainty in the global economic environment, leaders of Europe and China are meeting to ponder ways to counter the fallout from US President Trump’s “America First” policies.US President Donald Trump’s attacks on the international trading system, by imposing tariffs and engaging in virulent anti-trade rhetoric, have left America’s commercial partners …

Deutsche Welle

Egypt signs Japanese grant to develop automated system for collecting VAT

The Ministry of Investment and International Cooperation signed a Japanese grant on Sunday worth EGP 15.5m to develop an automated system to collect the value-added tax (VAT). This was done in the presence of Finance Minister Mohamed Moeit, minister of investment and international cooperation, Sahar Nasr, and Japanese Ambassador Takehiro Kagawa. A press statement from the …

Daily News Egypt

China’s Li Keqiang pushes trade with Eastern Europe amid EU concerns

The Chinese premier is meeting with leaders from Central and Eastern European countries at a summit in Sofia as he aims to boost Beijing’s trade interests in the region. But Li cannot afford to offend the European Union.Chinese Prime Minister Li Keqiang seeks to expand business and trade ties with Central and Eastern European countries …

Deutsche Welle

Exports to US containers in Egypt Daily News Egypt

$4.9bn in trade exchange between Egypt, UAE in 2017

The value of trade exchange between Egypt and the UAE in 2017 amounted to $4.9bn, versus $2.8bn in 2012. This came according to a report prepared by the department of trade policies and international organisations at the UAE’s Ministry of Economy, which was reported by the Emirates News Agency on Sunday. The report stated that …

Nehal Samir

10 Egyptian companies look to invest in Poland, Slovakia

The Egyptian-Canadian Business Council will organise a trade mission to Poland and Slovakia next week to discuss further trade cooperation with the two countries. Moataz Raslan, chairperson of the council, said that the mission will include 10 companies operating in the oil and tourism sectors, as well as companies engaged in import and export, and …

Ahmed Sabry