Trade Information

The UAE will continue to expand its Comprehensive Economic Partnership Agreement (CEPA) network in 2025, targeting additional countries to maximize benefits for the UAE and its global trade partners.

On January 13, Chinese Premier Li Qiang held talks with Grenadian Prime Minister Dickon Mitchell at the Great Hall of the People in Beijing during the latter's official visit to China.

El Salvador is a small agricultural country in Central America. China and El Salvador officially established diplomatic relations in 2018, and in April this year, the two nations formally launched free trade agreement (FTA) negotiations.

In 2024 included steady growth in personal consumption expenditures, a slowdown in private fixed investment, a widening trade deficit, a contracting manufacturing sector, a relatively stable labor market, slower inflation declines.

The strong dollar has significantly impacted non-U.S. currencies, particularly in Asia. Exchange rates in countries such as Indonesia, Vietnam, India, Japan, and South Korea are under severe depreciation pressure.

According to data from China's General Administration of Customs, bilateral trade between China and Vietnam reached RMB 1.6737 trillion in the first 11 months of 2024, marking a 15.3% increase compared to the same period in 2023.

Amid these dynamic and volatile circumstances, how will the global chemical trade landscape evolve in 2025?

Chocolate, based on its base oil, can be categorized into natural cocoa butter (CB), cocoa butter substitutes (CBS), and cocoa butter equivalents (CBE).

High-end polyolefins, often referred to as the 'soft gold' of plastics, have seen surging demand in recent years, driven by the rapid development of industries such as new energy vehicles and photovoltaics.

Food allergies have become increasingly common, driven by advancements in diagnostic technologies, heightened awareness, and shifts in dietary and food processing practices affecting immune systems.

Looking ahead to 2025, global economic growth is expected to remain stable but with widening disparities across regions. Inflation is projected to continue its downward trajectory, while labor markets are expected to remain relatively stable.

The China-Maldives Free Trade Agreement (FTA) will officially take effect on January 1, 2025, enabling over 95% of traded goods between the two countries to eventually benefit from zero tariffs.

Its implementation is expected to unlock the potential for enhanced cooperation in services trade and investment, advancing the forward-looking, high-quality partnership between China and Singapore.

Effective January 1, 2025, the Plan aims to increase imports of high-quality products, boost domestic demand, advance high-level opening-up, and contribute to high-quality economic development.

The European Parliament recently passed a resolution concerning Hong Kong, with an overwhelming vote of 473 to 23.

On December 27, Sun Xiao, spokesperson for the China Council for the Promotion of International Trade (CCPIT), released the October Global Trade Friction Index.

Russian President Vladimir Putin announced during the informal summit of heads of state of the Commonwealth of Independent States (CIS) held in Leningrad Oblast on December 25 that the economies of CIS countries are projected to grow by 4.7% in 2024.

In 2024, China's titanium dioxide market was marked by a tug-of-war between supply-demand dynamics and production costs, resulting in a price trend that rose initially before declining later in the year.

As the year-end approaches, several foreign institutions are ramping up their efforts to expand in the Chinese market through business expansion and capital increases.

Amid ongoing international attention on the Russia-Ukraine conflict, the Council of the European Union approved its 15th sanctions package against Russia on December 16, 2024, under Council Decision (CFSP) 2024/3182.

Recent data released by Statistics Canada shows that the country's Consumer Price Index (CPI) rose 1.9% year-on-year in November, slightly down from October's 2.0% inflation rate.

On the 15th, the United Kingdom officially joined the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), becoming the first European country to enter this trade pact.

According to the National Bureau of Statistics, China's economy maintained its recovery momentum in November, continuing the positive trend observed since September.

The Office of the United States Trade Representative (USTR) has announced a significant tariff increase on Chinese imports of solar wafers, polysilicon, and select tungsten products.

Maersk's first warehouse in France is now fully operational, located in the GLP Park Denain, one of Europe's key logistics hubs.

In December, Bisphenol A (BPA) prices in China have shown a consistent upward trend. As of now, BPA prices in East China range between 9,400–9,450 RMB/ton.

In the first 11 months of 2024, the total value of China's foreign trade of goods (hereinafter the same) was 39.79 trillion yuan.

For China's exporters, key questions emerge: How will tariffs be implemented? What does 2025 hold for global trade? And what will be the ripple effects across China's industries?

Coupled with the impacts of the global energy crisis and inflation, the competitiveness of overseas chemical production has further diminished, leading several global giants to cut back on polyester capacity.

BASF holds multiple industry-leading titles, such as being the largest global producer of antioxidants, TPU, PA66, PA6, and PBT. It is also the top supplier of automotive chemicals, dominating several specialized markets worldwide.