After Canada refused to abide by a ruling over New Zealand dairy imports, the South Pacific nation has invoked a never-before-used dispute resolution.

The Canadian federal government said Friday that businesses can now request remission of surtaxes on electric vehicles (EVs), steel and aluminum imported from China.

Few companies in Vietnam seem to have adequately prepared for exporting products under the EU’s Carbon Border Adjustment Mechanism, or CBAM.

Chinese steelmakers, already exporting at near-decade high volumes, are set to keep pushing out shipments in 2025 to manage overcapacity and soft domestic demand, industry insiders and analysts say, threatening to worsen mounting trade frictions.

Blue Ocean JSC, located in Lam Dong Province, officially exported a batch of passion fruit to the Australian market, making it the first Vietnamese enterprise to export the fruit.

At the end of the trading session on October 20, 10, the coffee market world recorded mixed developments. Robusta coffee prices on the London exchange increased slightly, while Arabica coffee prices on the New York exchange and the Brazilian market tended to decrease slightly. However, in general, world coffee prices remained high, creating positive momentum for the domestic market.

While India’s border problem with China is serious enough to render it a hindrance to the normalization of their overall bilateral ties, the former also has grave concerns over the business practices of the latter. The country has made known this fact during a WTO meeting. Indian officials pointed out that China’s policies not only affect Indian exporters but also threaten the stability of the broader international trading system, reported the psuconnect.in Oct 19.

A Memorandum of Understanding (MoU) was signed in the fields of industry and trade between Iran and Tanzania at the end of 5th Iran-Tanzania Joint Economic Cooperation Commission.

The Philippines and Australia aim to strengthen their economic relations by promoting more significant trade and investments.

On 23 September 2024, the Senate of the Philippines adopted Senate Resolution No. 192 entitled: “Resolution Concurring in the Free Trade Agreement (FTA) Between the Government of the Republic of the Philippines and the Government of the Republic of Korea.” With 21 senators voting in favor, the Senate’s concurrence completes the country’s ratification process of the trade deal.