International Trade

Will Global Trade Weaken Or Strengthen Countries?

Leading economies have been afflicted with new problems over the past year. The United States (US) is struggling with both, supply-chain blockages and a critical shortage of baby formula. The European Union (EU) faces the threat of scarce energy supplies, owing to sanctions on Russian fossil-fuel exports. And almost all countries are experiencing high inflation. Some have blamed these problems on excessive dependence on international trade, that is, globalization.

21 June 2022
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Life Lessons From A Ship Stuck In The Suez Canal

Once upon a time, if you told me I would find hilarity in a ship that had run itself aground, I would have scoffed instead, wondering where is the humour in this scenario. But last week the improbable happened.Like many other people around the world, I spent an inordinate amount of time being hugely entertained by the saga of Ever Given, the mega cargo ship that constipated the Suez Canal and the various efforts that were deployed in an effort to dislodge the hopelessly stuc

2 April 2021
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US: Switzerland, Vietnam Manipulating Currencies

The United States (US) Treasury on Wednesday accused Switzerland and Vietnam of manipulating their currencies, partly to gain a trade advantage over American exports.In the semi-annual foreign exchange report, the US Treasury found the two countries were intervening in currency markets to affect balance of payments, and in the case of Vietnam, also aiming at "gaining unfair competitive advantage in international trade."US Treasury Secretary Steven Mnuchin called the decision "a

19 December 2020
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A Trump New Year

As US President Donald Trump decamped to his mansion-cum-private club in Palm Beach, Florida, for the holidays, he left Washington, DC, on edge.

30 December 2017
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Myanmar luring investment despite refugee crisis

As the U.S. and Europe grow increasingly outraged over the Rohingya refugee crisis in Myanmar, Asian businesses are continuing to invest.Bangkok-based construction company TTCL Pcl is one of the latest examples, targeting the first half of next year to complete a funding plan and shareholder structure for a planned three billion dollar coal-fired power plant in Kayin state bordering Thailand. The U.S.

28 November 2017
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Singapore raises growth forecast to 3.5%

Singapore raised its economic growth forecast for this year to 3 percent to 3.5 percent after third-quarter data beat projections on the back of stronger exports and manufacturing.Highlights of GDP Report Gross domestic product rose at a seasonally adjusted, annualised rate of 8.8 percent in the third quarter from the previous three months, higher than an earlier estimate of 6.3 percent Median estimate of nine economists in a Bloomberg survey was for 7.8 percent gain GDP increased 5.2 percent

23 November 2017
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Indonesia’s Run island : Manhattan’s tropical borough

Glamorous Manhattan was once a swampy pit that was traded for a tiny island in the vast Banda Sea of Indonesia.350 years ago, the Banda Islands were once at the heart of the world’s biggest trade – spices. Historically known as the Spice Islands, they comprise of 10 smaller specks and have a population of just 15,000 people.During this time in history, the Banda Islands had a monopoly of the prized nutmeg that was valued more than gold where they saw an increase of 32,000% in price.

21 November 2017
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Trump lauds Asia trade wins and red carpets

Donald Trump on Monday lauded his trade achievements during a five-nation tour of Asia, promising he would reveal "far bigger" steps when he returned to Washington.The US president has frequently bemoaned what he calls "unfair" international trade deals and a perceived lack of respect for America and its leaders.But standing alongside the prime ministers of Japan and Australia in Manila on Monday, he said that was all changing."The way they've treated us, the res

13 November 2017
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Trade ministers agree Asia-Pacific trade pact without US

Ministers from 11 Asia-Pacific countries agreed Saturday to press ahead with a major trade deal without the United States, as the world's largest economy seeks to go it alone under President Donald Trump's "America First" policy.Trump pulled his country from the Trans Pacific Partnership (TPP) at the start of the year, dismaying allies and casting into doubt an agreement heralded for tying lower tariffs to strong environmental and labour protections.He has been something o

11 November 2017
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Will the Kra Canal ever be?

The Kra Canal – also known historically as the Isthmus of Kra – is a proposed canal spanning 102 kilometres which would connect the Gulf of Thailand with the Andaman Sea. The construction of the canal would serve as an alternative to the current maritime trade route that passes through Singapore and the Straits of Malacca.The proposed construction of the Kra Canal that would save approximately 12,000 kilometres, or two to three days of sailing time for traders has recurred in recent times.

10 November 2017
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