Trade Information

Economic growth in the third quarter of 2024 displayed diverse trends across key nations, influenced by varying domestic and international factors. Below is a summary of notable GDP growth figures and underlying drivers for major economies.

The U.S. Department of Transportation’s Maritime Administration (MARAD) announced a $580 million investment in port improvement projects across 15 states and one U.S. territory.

The G20 Leaders' Summit serves as a key forum for discussing international economic cooperation and offers an effective platform for dialogue between the Global South and the Global North.

Export tax refunds will be canceled for products such as aluminum materials, copper materials, and chemically modified animal, vegetable, or microbial oils and fats.

New Zealand's Trade Minister, Todd McClay, recently announced in Doha that New Zealand and the Gulf Cooperation Council (GCC) have reached a Free Trade Agreement (FTA).

On November 15, 2024, the Brazilian Official Gazette announced that Brazil's REACH regulation, Law 15.022, has officially come into force.

According to reports from U.S. media, Republican lawmakers in the House of Representatives are drafting legislation that may revoke China’s status as a country with Permanent Normal Trade Relations (PNTR).

Pascal Lamy, former Director-General of the World Trade Organization and distinguished professor at CEIBS, shared his perspective on the evolving landscape of global trade.

Memorandum of Understanding between the China Council for the Promotion of International Trade and the Italian Institute for Foreign Trade.

The CMA CGM Group has shown remarkable performance in 2024. In the third quarter, the total operating revenue reached $15.83 billion, with a year - on - year growth of 38.5%.

In the United States, the trade balance in September was - $84.4 billion, marking the largest deficit since April 2022.

According to the National Retail Federation, Trump's plans involve imposing a 10% or 20% tariff on all imported goods and an additional 60% to 100% tariff on Chinese products.

In October 2024, China's exports denominated in US dollars increased by 12.7% year - on - year, far exceeding the estimated 5%.

According to IATA, air cargo demand grew by 9.4% compared to the previous year, with capacity up by 6.4% and the average cargo load factor rising to 45.6%.

The Institute for Supply Management (ISM) reported that the U.S. Manufacturing Purchasing Managers'Index (PMI) dropped to 46.5 in October from 47.2 in September, marking the lowest level since July 2023.

South Korea’s Trade Surplus Reaches $3.2 Billion in October; Germany’s Import Prices Drop in September for First Time in Four Months.

Eurozone CPI growth rebounded in October, with a year-on-year increase of 2%, surpassing both the previous month and expectations.

The total import and export value of China's Pilot Free Trade Zones (FTZs) reached 6.09 trillion yuan in the first three quarters of 2024, marking an 11.99% year-on-year increase.

From October 29 to 31, 2024, the second round of negotiations for the China-El Salvador Free Trade Agreement (FTA) took place in San Salvador, the capital of El Salvador.

On October 29, the United Nations Conference on Trade and Development (UNCTAD) released a report projecting global economic growth of 2.7% for both 2024 and 2025.

Indonesia's Halal Product Assurance Agency (BPJPH) announced that food importers must register their products on the SiHalal online platform to obtain halal certification.

Recently, according to the Vietnam General Department of Customs, the Ministry of Health issued Notification No. 15/2024/TT-BYT, announcing the list of goods subject to food safety inspections upon import.