Author: Editorial Desk

Morocco’s imports from Turkiye reached $225.3 million in January 2025, underscoring a robust trade relationship and reinforcing Morocco’s position as Turkiye’s second-largest market in North Africa, according to data from the Turkish Exporters Council. The recent figures place Morocco ahead of Libya, which imported goods worth $186.5 million, yet behind Egypt, with imports valued at $256.3 million. This underscores Morocco’s growing significance as a key destination for Turkish exports in the region. The surge in Moroccan imports is part of a wider expansion of Turkish commercial activities across Africa. Overall, Turkish exports to the continent grew by 7.1% year-over-year, reaching…

Countries such as Bangladesh, Vietnam, Egypt, and Peru are adapting to evolving trade dynamics and seeking new markets to boost agricultural exports, signaling resilience in the sector despite global challenges. Bangladesh has experienced a significant increase in its ready-made garment (RMG) exports during the first half of the 2024-25 fiscal year. According to data from the Export Promotion Bureau (EPB), RMG exports reached $19.89 billion, reflecting a 13.28% rise compared to the same period last year. The European Union remains the largest market, accounting for nearly 50% of total exports, with Germany emerging as the leading importer within the EU.…

The Trump administration’s proposed 25% tariff on semiconductor imports is expected to have widespread ramifications for the global chip industry. However, industry executives believe India is unlikely to face any major short-term consequences, as the country is not a major chip exporter to the US. Indian companies exporting finished electronic goods remain in a wait-and-watch mode before committing to new investments, industry sources said. Some experts argue that the proposed tariffs could violate the Information Technology Agreement (ITA-1), an international treaty mandating zero duties on semiconductor and IT product trade among signatories, including the US. Former President Donald Trump announced…

Korean powdered milk exports to Southeast Asia have surged over the past decade, driven by rising demand for Korean infant formula, according to data from the Korea Agro-Fisheries & Food Trade Corporation (aT). In 2023, exports to the 10-member Association of Southeast Asian Nations (ASEAN) reached a record $30.7 million, nearly triple the $10.5 million recorded in 2014. Export volume also soared, hitting 2,465 metric tons, 2.6 times higher than the 932 tons shipped a decade ago. Cambodia emerged as the largest market for Korean powdered milk. Shipments to the country skyrocketed to $15.6 million last year, marking a 14-fold…

Vietnam’s coconut exports reached a historic milestone, exceeding $1 billion for the first time last year. This achievement was driven by a new export protocol with China and continuous efforts by exporters to diversify and expand their markets. According to data from Vietnam Customs, total exports of all coconut products increased by 20%, reaching nearly $1.1 billion. Fresh coconut exports saw the highest growth, surging 61% to $390 million. Vietnam’s coconut industry is supported by 200,000 hectares of farmland, producing approximately two million tons of coconuts annually. Notably, one-third of the production meets organic standards set by the U.S. and…

India is targeting a threefold increase in its textile exports, aiming to reach ₹9 lakh crore by 2030, Prime Minister Narendra Modi declared on Sunday. He expressed optimism that this target could be achieved even earlier, driven by the ‘Five Fs’ vision and a $7.5 billion global opportunity in textile waste recycling. Speaking at Bharat Tex 2025 in New Delhi, Modi highlighted that India’s textile exports currently stand at ₹3 lakh crore. The textile sector grew by 7% last year, making India the world’s sixth-largest textile exporter. He urged the industry to strive for double-digit growth in the coming years.…

The Canadian government has denied dairy dumping allegations from New Zealand, Australia, and the United States, asserting that its exports are not increasing. John Babcock, spokesperson for Global Affairs Canada, stated that Canada’s dairy practices comply with trade obligations, with no surge in exports. “Canada holds only about 1% of global dairy trade, and in 2023, our dairy exports actually declined by approximately 3%,” he said. Babcock emphasized that Canada’s supply management system ensures market stability and fair returns for dairy producers. The allegations, led by the Dairy Companies Association of New Zealand (DCANZ) and supported by Australian and US…

India’s plan to raise US trade to $500 billion by 2030, alongside negotiations for a bilateral trade agreement, is expected to significantly boost Indian exports to the US, according to leading exporters. The proposed trade expansion will focus on key sectors such as technology, defence, and green energy, enhancing India’s global competitiveness, exporters noted. Ashwani Kumar, President of the Federation of Indian Export Organisations (FIEO), highlighted the importance of eliminating trade barriers and streamlining processes to achieve the bilateral trade target. Deep Kapuria, Chairman of Hi-Tech Gears and an international trade expert, stated that the $500 billion target is a…

The Uganda-EU Business Insights 2025 Conference has reinforced the growing trade and investment partnership between Uganda and the European Union. Held in Kampala, the high-impact event brought together over 500 stakeholders, including industry leaders, policymakers, investors, and entrepreneurs. The delegates explored new business opportunities and fostered strategic collaborations. A key highlight of the event was a vibrant reception hosted by EU Ambassador to Uganda, H.E. Jan Sadek, which convened executives from Ugandan and European companies, including small and medium enterprises (SMEs). Discussions centered on the transformative potential of cross-border innovation, focusing on Agricultural Technology (AgTech) and Sustainable Mining—two key sectors…

U.S. President Donald Trump has directed his administration to prepare a list of reciprocal tariffs targeting countries, including Canada, that impose what he deems unfair trade barriers, duties, or taxes on American imports. This measure revealed on Thursday is the part of Mr. Trump’s ongoing campaign against perceived unfair trade practices by partners such as China, India, the European Union, Canada, and Mexico, could be implemented within weeks. The proposed countertariffs aim to retaliate against trade barriers imposed on U.S. goods. Experts suggest potential Canadian targets could include the federal digital services tax, goods and services tax, and the country’s…