Eurostat’s Post

China-EU trade rises by 1.6% in 2024: Beijing: The trade relationship between China and the European Union (EU) demonstrated resilience in 2024 despite some trade frictions, as their bilateral trade reached 5,591.5 billion yuan ($762 billion), marking a modest 1.6-percent rise from a year earlier, data from the General Administration of Customs (GAC) showed on Monday. China’s exports to the EU totaled […] http://dlvr.it/THMjC6 #EconomyBusiness #Featured

🇨🇷 🌎Costa Rica has been invited to join the Trans-Pacific Partnership trade bloc, it said on Thursday, which would bring on plans to boost trade with the dozen other member nations involved.The Central American country must still be evaluated by the member countries and negotiate the terms of market access for its goods and services, the foreign trade ministry said in a statement…👇🏾

Ranked: EU’s Import Sources & Export Markets The U.S. and China—the world’s top two largest economies—together account for nearly one-third of the EU’s international trade. China is the biggest source of EU imports (€46 billion in July), and the U.S., the largest market for EU exports (€47 billion). -2024

"Import" and "export" are pivotal terms in global commerce, conducted by every country worldwide. They constitute the essence of international trade, driving economic progress for nations and the global community. This blog delves into the key disparities between Import Trade and Export Trade. https://lnkd.in/gARu9q94 #importtrade #exporttrade #GlobalCommerce #internationaltrade #TradeDynamics #ImportExport

The Effect of International Trade Agreements on Local Markets The effect of international trade agreements can significantly shape the local economy by influencing trade flows, tariffs, and market access. These agreements aim to promote economic cooperation between countries, providing local businesses with opportunities to expand their markets. However, they can also present challenges, such as increased competition from foreign companies. As global trade continues to evolve, understanding the impact of these agreements is essential for you and your business to navigate new opportunities and challenges. The effect of international trade agreements will continue to reshape industries, making it crucial for local markets to adapt and thrive. https://lnkd.in/eiFFHjhf #TradeAgreements #GlobalEconomy #InternationalTrade #LocalMarkets #BusinessGrowth #BusinessEnterprising

At the recently concluded 2024 G20 Rio Summit, Chinese President Xi Jinping announced that China will grant full tariff exemptions to all least-developed countries (LDCs) with diplomatic ties to China. Since China has already exempted tariffs on nearly 95% of goods from LDCs over the past decade, this move carries more political than economic significance, especially amidst the resurgence of global trade protectionism. Here is the latest commentary from our Basilinna team: https://lnkd.in/g5Y7AQ-J

More or less in line with the GDP growth of the importing regions

The Effect of International Trade Agreements on Local Markets The effect of international trade agreements can significantly shape the local economy by influencing trade flows, tariffs, and market access. These agreements aim to promote economic cooperation between countries, providing local businesses with opportunities to expand their markets. However, they can also present challenges, such as increased competition from foreign companies. As global trade continues to evolve, understanding the impact of these agreements is essential for you and your business to navigate new opportunities and challenges. The effect of international trade agreements will continue to reshape industries, making it crucial for local markets to adapt and thrive. https://lnkd.in/eHsUfc_Z #TradeAgreements #GlobalEconomy #InternationalTrade #LocalMarkets #BusinessGrowth #BusinessEnterprising

🌍 Key Stakeholders in Foreign Trade Understanding the key players in foreign trade is essential for navigating the complex landscape of global commerce. Here are the most important stakeholders you need to know: 1️⃣ Logistic Centers and Transporters: These are the backbone of foreign trade, ensuring goods move efficiently from one place to another. 2️⃣ Government: Regulatory bodies and policies play a crucial role in facilitating or hindering trade. 3️⃣ Importers and Exporters: The primary actors in trade, responsible for buying and selling goods across borders. 4️⃣ International Organizations: Entities like the WTO and UN that set standards and guidelines for trade. 5️⃣ Shipping Companies: These companies manage the transportation of goods by sea, an essential part of global trade. Understanding these stakeholders can help you navigate and succeed in the world of international trade. 🌐 Santiago Chiriboga Holguín Fernando Pacheco #ForeignTrade #Logistics #InternationalTrade #ImportExport #GlobalCommerce

At today’s FAC Trade meeting in Brussels, Sweden highlighted the need for the EU to deliver for more free trade deals, especially concluding the Mercosur agreement. Trade is seen as key to the EU's growth and competitiveness. The EU Trade Ministers focused mostly on the ongoing Mercosur negotiations. - It is time for a signing ceremony for Mercosur, said Benjamin Dousa, Sweden's Minister for Trade, during the meeting. The ministers also talked about the future of the EU's trade policy, trade relations with the US, and changes needed in the World Trade Organization (WTO). Sweden also pushed for increasing import tariffs on Russian goods to increase the pressure on Russia's war economy. Benjamin Dousa