Lesotho Chamber of Commerce and Industry’s Post

TURKEY’S MARKET IS OPEN FOR FOREIGN INVESTMENT Commercial Counsellors from Turkish Chamber of Commerce (Mr. Okur Erdogan and Ms. ilker Eralp) and the Ministry of Foreign Affairs (Ms. Reitumetse Ratjeke) paid a courtesy call to LCCI Offices with the purpose to foster Transparent Trade Collaborations and Corporations. The yet to be official MoU between these two parties acutely hopes to address all socio economic and political issues affecting both countries with motive to positively impact their country’s economic growth. Turkey’s trade market is open for Basotho foreign investors, this proves that the Turks support shared approaches and promote global collaboration. The likes of this treaties lead to the creation of various important economic blocs. #promotingbusiness #turkishchamberofcommerce

The #HBBA Legal Advisor and Dr. Erika Szita-Szegedi gives a broad picture of 5 fundamental points of the important elements of bilateral trade between the #UK and #HUngary. If you have any questions you can ask her and our advisors in person on the 26th of March, next Tuesday at the #HBBA Investor Fest '24. #bilateral #marketentry #export #import #economy https://lnkd.in/e-XA7Che

Within the framework of the 200 years of diplomatic relations between Brazil and the United States, 🇧🇷🇺🇸 the Brazilian Export and Investment Promotion Agency (ApexBrasil) and the American Chamber of Commerce for Brazil (Amcham Brasil) launched today the third edition of the "Brazil-United States Trade and Investment Map. 📊🌎 The study, prepared by ApexBrasil's Market Intelligence management, gathers updated information on the commercial relationship between these two great partners. 🤝📈 The United States is Brazil's second trading partner, only behind China, and bilateral trade has great possibilities for expansion, as the study details. 🚀🌐 #BrasilUSMap #MarketOpportunities #AmchamBrasil

Vietnam and China boosted economic cooperation on May 31 in Ha Noi, emphasizing significant growth in bilateral trade, investment, and further collaboration potentials under the RCEP agreement. #Vietnam #China #bilateral #trade #investment #collaboration #RCEP

Manuel Tovar: “Costa Rica and the UAE share the view that both countries had much to offer one another.” Thank you LatinGulf News for this interview to Manuel Tovar, #CostaRica's Minister of Ministry of Foreign Trade of Costa Rica. As a Costa Rican brand operating in the #Mena region, We celebrate the signing of this agreement and encourage both countries to "think out of the box" in terms of what synergies can be attained by this agreement. Of course, the traditional exports and industries are key, but today's technologies allow for commercial relationships on services where parties are geographically apart. Perhaps the only good thing that the pandemic 4 years ago brought, was the debunking of the myth that many activities were not possible to do unless it was physically present. Remote work activities exploded in the last 4 years, by necessity. But today it is clear that, with its challenges, projects can be done and services can be delivered in a way that we did not believed possible in the last decade, faster, cheaper (less T&E), better GoToMarket or DeliveryTimes. This present an enormous opportunity for both countries, by tapping into non-traditional exchange of services. I wrote an article in Nearshore Americas back in 2020 named "Welcome to the Age of the Contactless Expert Consultant" (https://lnkd.in/e9mhvjU), but at the time Costa Rica lacked the legal framework to scale-up these services. Now, in the case of #UAE and #CostaRica, now there is such a framework.

AU Serves as Interim Secretariat for African Continental Free Trade Area Launch. The African Continental Free Trade Area was launched at the 12th Extraordinary African Union Summit in Niamey, Niger, on July 7, 2019. The agreement, adopted in Kigali, Rwanda, on March 21, 2018, and effective May 30, 2019, aims to create the world's largest free trade area. The African Union Commission will serve as interim secretariat until the AfCFTA secretariat is operational. The launch ceremony included a roll call of 27 countries that had ratified the AfCFTA instruments, 28 signatories yet to ratify, and the selection of Ghana to host the AfCFTA secretariat. Five key instruments were adopted: Rules of Origin, 90% tariff liberalization by July 1, 2020, an online mechanism to eliminate non-tariff barriers, a Pan-African payment system, and the African Trade Observatory. The AfCFTA is expected to increase intra-African trade, currently 15-18%, by stimulating production through regional value chains, strengthening African companies' access to global markets, and enhancing economic diplomacy. Trading is set to commence on July 1, 2020. The African Continental Free Trade Area (AfCFTA) Secretariat, to be hosted in Ghana, will facilitate business, develop programs and budgets, and implement decisions.

Kazakhstan-Hungary bilateral trade hits $187.6mn in 2023 Since 2005, Hungary has invested $320mn in Kazakhstan through 29 legal entities, branches, and representative offices with Hungarian participation, along with 41 joint ventures currently operating there. 👉Details — https://lnkd.in/d_-J_gHG #KazakhstanHungaryTrade #BilateralRelations #EconomicPartnership #TradeVolume #InvestmentRelations #ForeignInvestment #JointVentures #EconomicCooperation #TradeStatistics #InvestmentOpportunities

"Complex is not always complicated if you are able to find solutions."💡 EFTA's free trade network is evolving, and so are its free trade agreements. Watch the Minister of Foreign Affairs of Liechtenstein, Dominique Hasler, explain why EFTA has emphasised adding new chapters on digital trade and SMEs in its recent free trade agreements. 🌍🤝 #freetrade #tradeagreements #internationaltrade #tradenetwork #liechtenstein #efta #trade #smes #digitaltrade

Trade opportunities grow under BRI The Belt and Road Initiative has presented massive trade and investment opportunities for European countries such as Hungary and Serbia, helping them develop into important regional players from once being on the periphery of Europe, experts said. Hungary was the first European country to sign a BRI cooperation agreement with China, which has provided opportunities for the country's infrastructure development and made significant contributions to improving China-Hungary economic and financial ties. The bilateral trade between the two countries has witnessed remarkable growth in recent years. Last year, their total trade volume exceeded $13 billion, according to data from Hungary. #investment #bilateraltrade #supplychain #BRI #Hungary