Author: Esahaque Eswaramangalam

Trade between China, Central, and Eastern Europe Strengthen Trade Bonds Through Tech Sector (CEECs) has entered a new era of expansion and dynamism, primarily driven by an influx of technology products. As key collaborators for the Belt and Road Initiative, CEECs are becoming pivotal players in China’s foreign trade network. Li Fei, Vice Minister of Commerce, reveals that mechanical and electrical products constitute about 70% of trade goods between China and the CEECs. Since 2012, the trade growth rate has averaged 8.1% annually, with imports from CEECs witnessing an increase of 9.2%. The first quarter of this year already saw…

Intra-African Tourism: In a significant move towards fostering continental growth, the National Association of Nigeria Travel Agencies (NANTA) has been applauded for its initiative to invigorate intra-African travel and commerce. This initiative is inspired by the Africa Continental Free Trade Agreement (AfCFTA), which seeks to unify and stimulate the African economy. The commendation came from the Nigerian High Commissioner to South Africa, Ambassador Haruna Manta, during a dinner he hosted in Johannesburg for NANTA members. The delegation, led by NANTA President Mrs. Susan Akporiaye, was in South Africa to attend the inaugural International Travel and Tourism Conference (ITTC). This event…

G7 finance leaders are currently embroiled in complex discussions regarding targeted controls on investments to China. The meetings, held in Niigata, Japan, reveal the increasing concern over China’s influence on global trade and the economies of leading nations. The United States, led by Treasury Secretary Janet Yellen, is advocating for stronger measures against China. Yellen cited China’s use of “economic coercion” against other nations as a significant concern, implying the need for countermeasures. She stated that many members of the G7 share these concerns and are considering strategies to address them. Despite the unanimous apprehension, a consensus on the course…

In light of the rising economic tensions between the U.S. and China, German Economy Minister Robert Habeck has voiced the urgent need for Europe to set its own trade agenda. The call came during his keynote address on World Economy Day at the German Chamber of Commerce and Industry’s world conference. Habeck stressed the potential perils Europe could face if forced to choose sides in the economic rivalry between the U.S. and China. “If we had to choose between the U.S. and China, we would have extreme problems,” he warned, highlighting the complexities and interdependencies of international trade. To counter…

The lucrative wave that Qatar Real Estate Market experienced in the run-up to FIFA World Cup 2022 is beginning to ebb, as experts predict a forthcoming correction in housing rentals. Despite the bullish outlook of many landlords, industry insiders suggest these inflated prices will adjust to more stable levels over time. Adam Stewart, Partner and Head of Qatar at Knight Frank, pointed out the recent sluggishness of the property market. He attributed the 47 percent transaction reduction in the fourth quarter (Q4) of 2022 to the World Cup, while the 40 percent reduction in Q1 2023 is tied to a…

As pandemic restrictions lift globally, Switzerland anticipates a rapid increase in Chinese tourists in the coming months, according to Simon Bosshart, Chief Markets Officer East for Switzerland Tourism. “China will become a very important market for Switzerland once again,” Bosshart announced, signaling a resurgence in international travel. Prior to the pandemic, Chinese tourists topped the spending charts in Switzerland, averaging 380 Swiss francs ($425) per person daily. In 2019, Chinese guests accounted for 1.8 million overnight stays, making China Switzerland’s fourth-largest tourist source. This, however, dropped to 2-10% of 2019’s figures over the pandemic-ridden years. Bosshart, with over 17 years’…

The E-Commerce Boom and 3PL Innovation The explosive growth of e-commerce has increased demand for third-party logistics (3PL) companies that specialize in managing e-commerce logistics. To remain competitive, these businesses must adopt the latest e-commerce and SaaS logistics technologies, which streamline operations and improve customer satisfaction. Trending E-Commerce Technologies >Artificial Intelligence (AI): Companies are increasingly using AI to personalize shopping experiences, provide tailored product recommendations, and automate tasks such as customer support. >Augmented Reality (AR): This technology enables customers to virtually try on items before purchasing, revolutionizing the shopping experience, particularly in the fashion and cosmetics industries. >Voice-Activated Shopping: As…

In an effort to strengthen economic relations, the UAE’s Ministry of Economy has unveiled a new survey for business owners and entrepreneurs, focusing on the Comprehensive Economic Partnership Agreement (CEPA). The survey aims to identify new opportunities for cooperation and growth, as well as to address potential challenges faced by the private sector. This strategic initiative comes as part of the ministry’s continuous efforts to enhance the UAE’s position as a global hub for trade and investment. By engaging directly with the private sector, the government seeks to gather valuable insights that will help create a robust framework for the…

The 12th Annual Investment Meeting (AIM Global 2023), scheduled for May 8 to 10, 2023, will convene under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council. With this year’s theme, “The Investment Paradigm Shift: Future Investment Opportunities To Foster Sustainable Economic Growth, Diversity and Prosperity,” the event is set to unite influential speakers, visionaries, and experts from around the globe. Over 600 influential speakers will participate in dialogue sessions, focusing on two main tracks: Investment and Innovation Technology. The conference aims to…