Author: Editorial Desk

Royal Fans, a Pakistani fan manufacturer from Gujrat, is showcasing its products at the 7th China International Import Expo (CIIE) in Shanghai. This debut at the expo highlights Pakistan’s growing manufacturing potential on an international stage, as the company displays a range of ceiling, pedestal, and bracket fans made from wood, metal, and plastic. Yasir Waseem Arshard, Export Marketing Manager at Royal Home Appliances, emphasized that the CIIE provides a valuable opportunity to connect with global markets, particularly in China, and gain insights from industry peers. The expo’s consumer goods section spans over 80,000 square meters, hosting more than 700…

Demand for Nepali tea and coffee is on the rise internationally, reports the National Tea and Coffee Development Board. In the fiscal year 2022–23, Nepal exported 77 metric tons of coffee, up from 72 metric tons worth Rs 96 million the previous year. Data for 2023–24 is still being collected, but early signs indicate continued growth. On the import side, coffee imports decreased significantly from 450 metric tons valued at Rs 320 million in 2021–22 to Rs 100 million last year. Coffee cultivation in Nepal covers 3,659 hectares and involves about 33,000 farmers. International demand for Nepali coffee, mostly the…

India is likely to engage in diplomatic talks with the United States over sanctions imposed on 24 Indian companies, seeking a resolution that avoids escalating the issue to international bodies like the World Trade Organization (WTO) or International Court of Justice (ICJ). According to a report from the Global Trade Research Initiative (GTRI), India aims to navigate this complex situation through direct dialogue rather than legal challenges. The sanctions, enacted by the US State Department, Treasury, and Commerce Department, target companies allegedly linked to Russia’s defense industry in Ukraine. Major entities impacted include Shreya Life Sciences, Soni Electronics, and Solex…

The Central Board of Indirect Taxes and Customs (CBIC) announced new relaxations for Customs Cargo Service Providers (CCSPs) on Friday. By enhancing trade efficiency and reducing logistics costs these measures are aimed at improving the ease of doing business, aligning with India’s goal to strengthen its position in global trade. The new rules include a reduction in mandatory insurance days for stored goods. Under the previous regulations, CCSPs were required to insure goods stored in customs areas for 10 days. This has now been reduced to 5 days, significantly lowering insurance costs and freeing up cash flow for service providers,…

Nestle Pakistan has set a $50 million export target by 2030, aligning with the government’s vision to bolster foreign reserves. Announced at the ‘Limitless Possibilities’ ceremony on Wednesday, the company shared its plan to expand exports, generating $23 million in revenue from 26 countries in 2024 alone. Federal Minister for Industries and Production Rana Tanveer Hussain praised the company’s progress, stating, “As Pakistan progresses towards economic growth and recovery, the importance of exports cannot be overstated. Given the scale of Nestle’s global operations, we anticipate further export growth from Pakistan in the coming years.” He noted that Nestle’s strategy directly…

Indonesia’s Health Minister, Budi Gunadi Sadikin, has announced plans to increase domestic medicine production to reduce dependence on imports. Speaking at the Health Innovation Festival on November 8, 2024, Budi emphasized the need for Indonesia to strengthen its healthcare resilience and security, especially to prepare for potential future pandemics. The minister outlined a three-pronged approach to achieve this goal: streamlining permit processes, encouraging partnerships between foreign and local pharmaceutical companies, and implementing incentives to promote the use of locally-produced medicines. Budi assured that the Health Ministry’s budget of Rp105.64 trillion for 2025 is sufficient to support these initiatives. The existing…

In Turkey, consumers of flat products are urging authorities to reconsider anti-dumping duties and high import tariffs on steel imports from China, India, Japan, and Russia, citing escalating production costs and rising inflation. Ali Eren, a board member of the Turkish Federation of Mechanical Engineering and member of the Istanbul Chamber of Industry, voiced concerns over these duties’ impact on industries reliant on flat steel products, as reported by Ekonomim. Key export-driven sectors, including pipe manufacturing, household appliances, automotive, shipbuilding, and mechanical engineering, which collectively represent a quarter of Turkey’s exports, have been particularly affected. These industries depend on flat…

As the prospect of a second Trump administration looms, experts speculate that the policies outlined in the campaign could bring significant benefits to India, especially concerning oil prices and the ongoing Ukraine conflict. Officials, speaking anonymously, suggested that the Trump administration’s promises to combat inflation might lead to reduced oil prices, a prospect that would benefit India’s energy sector and broader economy. Additionally, Trump’s foreign policy stance could hasten a resolution to the Ukraine-Russia war, bringing global economic stability. Under the new regime, officials anticipate a revival of stalled trade talks between India and the US, with an aim to…

Shares in major German carmakers fell sharply Wednesday as U.S. President-elect Donald Trump’s re-election raised concerns about new tariffs on foreign-made vehicles. The prospect of steep import tariffs unsettled investors, leading BMW shares to drop 6.6%, Mercedes-Benz 6.4%, Porsche 4.9%, and Volkswagen 4.3% on the German DAX index. Trump has pledged to protect U.S. automotive jobs, especially in Michigan, with a proposed 10% tariff on all imported goods. At a recent rally in Georgia, he stated, “I want German car companies to become American car companies. I want them to build their plants here.” The U.S. is the largest export…

Vietnamese businesses must enhance innovation, improve competitiveness, and engage in new supply chains to strengthen exports across Asia, urged Quyen Anh Ngoc, Deputy Director of the ASEAN Division under the Ministry of Industry and Trade (MoIT). Speaking at a November 5 conference focused on trade promotion in Asian markets, Ngoc called on companies to work alongside government bodies and trade associations to develop strategic production and business plans that capture emerging opportunities. Ngoc highlighted the importance of understanding free trade agreements, particularly the Regional Comprehensive Economic Partnership (RCEP), within the ASEAN framework. With RCEP’s enactment, certain Vietnamese exports—including seafood, meat,…