After many years of being passive in the price of imported raw materials and the price of cashew kernels for export, Vietnam’s cashew industry is trying to change the situation by adjusting import, production, and export plans.

Accession will give the group global influence to shape rules of trade

Despite a sharp decline of seafood exports in the first month of 2023 along with accumulating obstacles, there were positive signals from the market.

Vietnamese apparel firms have been busy so far this year to complete orders, toward achieving the goal of earning about 47 billion USD from export this year on the back of incentives brought about by free trade agreements that already took effect.

No one will consider you a dummy if you’ve never heard of the ‘de minimis’ trade provision at Customs and Border Protection (CBP). But China retailers SHEIN and Temu surely have. They wouldn’t exist here without it.

China may lose a key support for economic growth and the yuan this year as residents flock overseas again and exports continue to plummet because of a global slowdown.

China, which spends $260 billion to import farm produce, has become as selective as the US and Japan.

Global trade and its reliance on supply chains is a complicated business to explain.

With the strong development of organic farming, Vietnam has extensive opportunities to boost the export of organic agricultural products to Europe, where those products are in high demand and fetch top dollar.

Russian oil exports to the European Union fell by 430,000 barrels per day to 1.4 million bpd in November from the previous month, according to the International Energy Agency (IEA).