Exporters

BGMEA asks members not to do business with Peacocks

The Bangladesh Garment Manufacturers and Exporters Association recently urged its members not to do business with Peacocks, a fashion retailer in the UK, as the Dhaka First Joint District Court issued an injunction restraining Peacocks and its agents to do business with any off-the-peg garments. factory in Bangladesh. BGMEA and Bangladesh Bank discovered that some RMG postmen were doing business ...

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Vietnamese rice exporters expect higher prices

With India’s recent rice export restrictions, Vietnamese exporters expect to increase shipments and prices, industry insiders said. Nguyễn Quang Hòa, director of Dương Vũ Co Ltd (Long An province), said India had imposed a 20% export tax on grain and banned shipments of broken rice to drive down prices interior following a significant drop in production due to a bad ...

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MADE Winner: Exporter Category | WilmingtonBiz

american hammer americanhammer.com Year of foundation: 1952 Number of employees: 15 High official : Ted Leitter, President and CEO Company Description: “An American industrial manufacturing company producing over 600 different hand hammers for the domestic and international metal fabrication industry. 100% American made right here in Wilmington, NC. How has your company developed since its creation? “Beginning as a small ...

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Government ensures level playing field for exporters

ISLAMABAD: Federal Trade Minister Naveed Qamar said on Wednesday that the government is committed to ensuring a level playing field and lowering the cost of doing business for export-oriented sectors, including textiles, to stimulate exports and reduce the current account deficit. He expressed these views during a virtual session organized by the South Punjab Investment Forum in collaboration with USAID. ...

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ILPA hosts a curtain raiser for the Silver Jubilee Fashion Extravaganza: Leather on the Ramp

The Indian Leather Products Association, which is actively working to bring together manufacturers and exporters of premium leather products under one platform, has geared up for its Silver Jubilee ILPA 2022 fashion extravaganza: “Leather on the Ramp “. At the start of the grand event, the curtain raiser, which was a preview of the annual signature show, was held at ...

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Indian exporters shouldn’t rush to hedge non-dollar exposure – analysts

A gas station attendant arranges Indian rupee banknotes in Kolkata, India August 16, 2018. REUTERS/Rupak of Chowdhuri Join now for FREE unlimited access to Reuters.com Register MUMBAI, Sept 8 (Reuters) – Indian exporters should wait for the dollar to retreat from its recent high before hedging future earnings in currencies other than the greenback, analysts said on Thursday. Exporters who ...

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Eximbank guarantees Lithuanian loans to import Taiwanese products

Taiwanese and Lithuanian public financial institutions have signed an agreement to guarantee loans to Lithuanian importers of Taiwanese products, the Ministry of Economic Affairs announced yesterday. The agreement was signed on August 23 by the ROC Export-Import Bank (Eximbank, 輸出入銀行) and Investment and Business Guarantees Ltd (INVEGA). Under the agreement, INVEGA would provide loans to Lithuanian small and medium-sized enterprises ...

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1,000 RMG factories operate as subcontractors

They are not associated with BGMEA, BKMEA posing security risks MONIRA MUNNI | Published: September 04, 2022 09:07:42 | Updated: 04 September 2022 10:05:30 More than a thousand ready-to-wear (RMG) factories across the country, most of which operate on a contract basis, are not associated with either of the two apparel umbrella bodies – BGMEA and BKMEA. As a result, ...

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Stuart Nash: Infrastructure and trade driving Bay’s economic recovery

Napier MP Stuart Nash. Photo/NZME OPINIONI have to spend a lot of time in Wellington because of this job, but whenever I can I try to go to the regions. Anyone who has heard me speak knows that I like to say, when our regions are doing well, New Zealand is doing well. I love visiting innovative and ambitious businesses ...

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Challenges remain for Vietnamese exporters in UK market after UKVFTA

VIETNAM, August 31 – The UK-Việt Nam Free Trade Agreement (UKVFTA), which officially entered into force on May 1, 2021, has opened up many export opportunities for Vietnamese businesses. However, taking full advantage of these opportunities and effectively tapping into this lucrative market is no easy task for most local businesses. News from Việt Nam spoke with Nguyễn Cảnh Cường, ...

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Russian ruble stabilizes near 60.5 against dollar as Moscow trade begins

A model of Russia’s new 100-ruble banknote is displayed during a presentation in Moscow, Russia June 30, 2022. REUTERS/Evgenia Novozhenina Join now for FREE unlimited access to Reuters.com Register This content was produced in Russia where the law limits coverage of Russian military operations in Ukraine MOSCOW, Aug 29 (Reuters) – The Russian ruble stabilized near its lowest in more ...

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BOG Urges Exporters to Adopt Letter of Commitment (LOC) Document

Mr. Eric Kweku Hammond, Deputy Director of Foreign Banking Operations, Bank of Ghana, advised exporters to adopt the use of the Bank of Ghana Letter of Commitment (LOC) document to facilitate their export business. export. “The LOC remained because it is a standardized document, and all exporters are expected to use it when exporting their goods from Ghana. “No exporter ...

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The Center could authorize the export of 8 million tons of sugar next season in two installments

In the first tranche, market sources said exports of around 5 million tonnes could be allowed. This could be increased by another 2.5-3 tons only after assessing the price situation and the supply-demand scenario Topicssugar production | Sugar exports As sugar production is expected to reach nearly 40 million tonnes (mt) in the 2022-23 sugar season (from October ...

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Canada needs ‘business case’ for LNG exports to Europe: PM | Oil and Gas News

Canada is exploring whether a ‘business case’ can be made for exporting liquefied natural gas (LNG) to Europe, Prime Minister Justin Trudeau has said, as European nations seek alternative energy sources to wean themselves off Russian supplies. Speaking alongside German Chancellor Olaf Scholz at a press conference in Montreal, Trudeau said on Monday that such exports pose logistical and financial ...

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Exports to Saarland countries reach new heights

Bangladesh’s exports to South Asian countries hit a new high in the last fiscal year 2021-22 after growing steadily over the past three years, according to the Export Promotion Bureau (EPB). India’s zero-duty advantage for most Bangladeshi items has contributed to the growth, particularly in the last fiscal year, when overall exports to eight countries in the region increased by ...

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Save Foods expands its global presence by launching seven commercial pilot projects with leading exporters in Peru

Neve Yarak, Israel — Save Foods, Inc. (NASDAQ: SVFD) (FSE: 80W) (“Save Foods” or the “Company”), an agri-food technology company specializing in ecological crop protection that helps reduce waste and ensuring food safety while reducing the use of pesticides, today announced the launch of seven commercial pilot projects with major Peruvian exporters, such as Agricola Cerro Prieto (ACP) and another ...

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What Vietnamese companies should expect

The euro dipped below parity with the US dollar in July 2022 – a 20-year low. The continued depreciation of the Euro has many far-reaching economic impacts, not only within the Eurozone but also in partner countries such as Vietnam. Vietnam Briefing analyzes the influence of the devaluation of the Euro on businesses in Vietnam. In 2021, one Euro was ...

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United States Recognizes Mozambique’s Top Exporters at Second Annual Exporter Awards Ceremony

Download logo On August 11, USAID Mission Director Helen Pataki, accompanied by His Excellency Minister of Industry and Trade Silvino Augusto José Moreno, His Excellency Maputo Province Governor Júlio Parruque, and others partners recognized the continued successes of Mozambican exporters in 2022. at the second edition of the Annual Exporter Awards, a collaboration between the U.S. government, the Investment and ...

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For exporters, a rich harvest is imminent as Mexico lifts ban on hibiscus flower | The Guardian Nigeria News

Four years after its ban, there seems to be hope in sight for exporters of hibiscus flowers to resume direct export to Mexico, following renewed economic ties between the two countries. Hibiscus, also known as zobo leaves, estimated Nigeria’s biggest export market was banned by the Mexican government in 2018, following an infestation of pests in some of the consignments ...

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Exclusive news and research on the wine, spirits and beer industry

Australian wine exports to the United States show significant progress August 11, 2022 After a strong performance in the 12 months to June, the United States is again Australia’s top wine export market by value. Australian exports to the United States rose 9% in value to A$437 million ($309 million) and 10% in volume to 139 million liters (15.4 million ...

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Save Foods gains momentum with Mexican lime exporters

Neve Yarak, Israel — Save Foods, Inc. (NASDAQ: SVFD) (FSE: 80W) (“Save Foods” or the “Company”), an agri-food technology company specializing in ecological crop protection that helps reduce waste and ensuring food security while reducing the use of pesticides, today announced the completion of several successful pilot programs with lime packers in Mexico, the world’s second largest exporter of lime. ...

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RMG exports to 5 billion US dollars in six months

A file photo shows workers sewing clothes at a garment factory on the outskirts of Dhaka. — New Age Photo Bangladesh’s apparel exports to the United States have continued to register significant growth in recent months, and profits in the first half (January-June) of 2022 exceeded $5 billion. The import of ready-to-wear garments by the United States from Bangladesh in ...

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Rice supply threatened by bad weather hitting major exporters

Adverse weather conditions at major rice suppliers in Asia, including India’s largest exporter, threaten to cut production of the world’s most important staple food and fuel food inflation that is already close to records.Rice has bucked the upward trend in food prices amid bumper harvests and large stocks at exporters over the past two years, even as Covid-19, supply disruptions ...

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New Zealand’s red meat exports stood at $1.1 billion in June

New Zealand exported red meat worth $1.1 billion in June despite continuing global supply chain issues affecting sheep and beef volumes, according to analysis by the Meat Industry Association (MIA). The 15% increase in value compared to June 2021 was largely driven by beef exports, particularly to China. Although the total volume of beef exports decreased by 7%, the overall ...

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Shanghai’s SME exporters show strong growth in first half

Sales growth of small and medium-sized exporters in Shanghai remained positive in the first half, showing the city’s foreign trade rebounded strongly from the pandemic, according to an industry report. Shanghai’s SME export sales jumped 8.8 percent year-on-year, despite pandemic shutdowns. The growth shows the market is rebounding as demand recovers and supply chains improve, according to the report from ...

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covid: ED asks exporters to make the contributions; Influx to Buoy Rupee

Amid pressure on the central bank to calm the currency and preserve foreign exchange reserves, there is an upsurge in Enforcement Directorate (ED) notices to many businesses, including some jewelers and diamond houses , which have failed to bring in money from foreign buyers or whose imports backed by deposits have been blocked. Exporters must realize their profits within nine ...

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NCE Export Awards on December 2

The annual Export Awards Ceremony, hosted by the National Chamber of Exporters of Sri Lanka, serves to recognize and reward Sri Lankan exporters of goods and services as well as exporter service providers, for their performance on the international market. The Chamber celebrates the anniversary of the Pearl of the Exports Awards this year, capping 30 years of success, with ...

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Enhanced insurance coverage for exporters

Export Credit Guarantee Corp. of India (ECGC) on Tuesday introduced a new program aimed at providing enhanced export credit risk insurance amid heightened uncertainties in global trade. The scheme provides enhanced export credit risk coverage of up to 90% to support small exporters under export credit insurance for banks, packing credit and post-shipment ( ECIB-WTPC & PS). “By granting 90% ...

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National Pisco Day: Peruvian pisco exports increased by 87% in May 2022 | News | ANDEAN

Exports of Peruvian pisco totaled $3,894,000 between January and May this year, up 87% from the same period in 2021, when sales hit $2,088,000, the Association of Peruvian Exporters (Adex). Adex Pisco Committee President Carmen Robatty explained that the United States (US) remains the largest market (USD 1,645,000) for Peruvian pisco exports, which recorded a growth of 28% and accounted ...

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Exports of electrical products climb to $100 million

Locally-made electrical products, namely transformers and accumulators, are gaining popularity overseas as the industry’s annual export revenue hit a record $100 million in the coming fiscal year. to end. The last time electrical product export earnings even came close to the current level was in fiscal year 2014-2015, when outbound shipments totaled $90 million. For all the latest news, follow ...

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Polymerupdate News – Indian plastics exporters feel rupee pinch drop to 80 against dollar

The Indian rupee slumped to breach the 80 psychological barrier against the US dollar in Tuesday morning trading on continued outflows from foreign institutional investors (FIIs), a soaring current account (CAD) deficit and oil price volatility. After hitting a record intraday low of 80.06, the Indian Rupee rallied slightly to settle at 79.94 against the US Dollar towards the end ...

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A tech rental hiccup, just take a skill pill

Major software exporters reportedly cut new hires in the first quarter of this fiscal year to ride out inflationary and geopolitical headwinds. We should not panic as the fundamentals, performance and competitiveness of the technology sector are solid. Recruitment has surged in the seven quarters since the pandemic has spurred demand for digitization from businesses and, of course, governments, leading ...

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Drop in global demand to counter gains from falling rupee: exporters

A 6.9% depreciation of the rupiah against the greenback since January will “certainly help” exporters, but a potential slowdown in demand in key markets – mainly the United States and the EU – due to fears recession turned out to be a major concern for them. The rupee recovered 8 paise to settle at 79.91 on Friday, after nearly hitting ...

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South Africa to Host First Conference of Black Industrialists and Black Exporters

South Africa’s economic growth and inclusion of black businesses will be highlighted on Wednesday next week. The first Black Industrialists and Black Exporters Conference will take place at the Sandton Convention Center next week, attracting both the public and private sectors. The event is expected to attract over 500 delegates. Ebrahim Patel, the Minister for Trade, Industry and Competition, spoke ...

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PCCI notes deteriorating business conditions due to energy and logistics costs

Reuters The Philippine Chamber of Commerce and Industry (PCCI) said business conditions have deteriorated for exporters due to rising energy costs and logistical bottlenecks. PCCI Vice President for Industrial Affairs Ferdinand A. Ferrer said at the launch of the 48e Philippine Business Conference and Expo (PBC&E) in Manila on Tuesday that “exporters have been hit by high energy costs, high ...

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State-owned oil companies avoid buying certificates under rebate program

NEW DELHI : Banks and state-owned oil companies, a sign of growing uncertainty in global trade, are refraining from buying tradable certificates issued to exporters under the Reimbursement of State and Central Taxes (RoSCTL) program ) to avoid liability in the event that exports do not happen. The RoSCTL program was introduced last year to provide rebates on taxes and ...

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California Adds Extended Warrants For Certain Plastics, Adding To Its Extended Producer Responsibility Laws With Senate Bill 54 | Knowledge

California – which already has some of the most extensive product liability and extended product liability (EPR) laws in the United States governing products ranging from paint, carpets and mattresses to pharmaceutical waste – recently passed comprehensive legislation to reduce plastic pollution. The Plastic Pollution Prevention and Packaging Producer Responsibility Act (SB 54), enacted June 30, 2022, will impose levies ...

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Slowdown in IT exports? – BR Search

Amid the economic gloom, Pakistan’s IT exports continue to provide some light. The latest data from the central bank shows that core IT exports (computer services, computer software sales, software consulting services, hardware consulting services, etc.) reached $1.9 billion in the past year. July-May period of FY22, reflecting annual growth of 28% (or additional exports of $415 million). These exports ...

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Aquatic exports jump 40% in H1 | Company

Production of frozen shrimp at a factory in Hau Giang province in the Mekong Delta. (Photo: VNA) City of HCM (VNA) – from vietnam aquatic exports rose 40% year-on-year to nearly $5.8 billion in the first half of 2022, the Vietnamese Association of Seafood Exporters and Producers (VASEP) reported. The country earned more than $3.2 billion from aquatic exports in ...

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Gambia bans all timber exports to curb rosewood smuggling | News | DW

The Gambia banned all timber exports and permanently suspended timber export licenses on Friday. The West African nation is trying to curb the illegal smuggling of endangered rosewood. “All existing permits issued for the export/re-export of timber are permanently revoked,” the information ministry said in a statement. The government has instructed port authorities to monitor and prevent any loading of ...

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Exporters demand pragmatic measures to remove barriers to honey export

Beekeepers, especially exporters, have urged the government and relevant authorities to take pragmatic measures to remove barriers to the export of honey, bringing it up to global standards and eradicating the export of substandard honey and adulterated. These remarks were made by beekeepers, exporters during an awareness session on the “Certification Program, launched by the Federal Ministry of Science and ...

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The clothing sector is back to recovery

Source: CONWEP The apparel industry is resetting to pre-pandemic levels this year as it continues to see the return of saved orders and slowly rehires laid-off workers. Marites Agoncillo, executive director of the Confederation of Portable Exporters of the Philippines (CONWEP), said the industry is forecasting solid growth of 2-3% this year from 2021 and there are signs of a ...

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IT sector withdrawn from the tax credit regime, tax reduced to 0.25 pc: FBR

Photo: The News/File ISLAMABAD: The Federal Board of Revenue (FBR) said on Saturday that amendments to the budget bill had been made to incorporate tangible measures for exporters of computer and IT services, such as reducing the tax rate to 0 .25% on IT export earnings, removing the industry from the simple tax return tax credit scheme and liberalizing withholding ...

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China could become the third largest exporter of PP in Asia and the Middle East this year, replacing Singapore. In 2020, China was nowhere in sight

By John Richardson VERY RECENTLY IN 2020, Chinese polypropylene (PP) exports totaled just 424,746 tons, causing what must have been barely a wave of anxiety among major exporters in Asia and the Middle East. But as the slide below shows, in 2021 China entered the group of major exporters as its exports jumped to 1.4 million tons. In 2020, Chinese ...

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RT200: Summit bolsters prospects for Nigeria’s non-oil exports

The highly informative presentations and discussions at the first edition of the bi-annual RT200 non-oil export summit, held in Lagos last Thursday, must have reinforced the conviction of the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, in the country. ability to derive substantial foreign exchange earnings from non-oil exports, writes TONY CHUKWUNYEM When the Governor of ...

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Ukrainian grain ‘OPEC’ – what is it and is it worth the price? – EURACTIV.com

Ukraine revives the Russian chimera of creating an Organization of Grain Exporting Countries (OEPC) with Western partners; however, experts warn of potential negative consequences with more details on its operation needed. The Ukrainian government recently proposed the creation of the OEPC, an initiative that aims to bring together some of the world’s major grain exporters, such as the United States, ...

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Omani companies eye global opportunities

His Highness Sayyid Dr Adham Al Said, Founder of The Firm and Moderator of Tejarah Talks. Muscat: Exporters from across Oman, established and potential, will meet at the Civil Aviation Authority’s Training Center at 7:30 p.m. on June 22 to discuss access to new international markets. Organized by the Ministry of Commerce, Industry and Investment Promotion (MoCIIP) in partnership with ...

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Exporters can now register once with Customs from anywhere in India

The AD code with the associated bank account record in the system was a one-time process for an IEC to deposit the document (i.e. shipping invoice) at any customs EDI port. An AD code had to be registered in each port where the documents were deposited. There may be multiple AD codes associated with an IEC on different ports. The ...

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Cattle ship sinks in Red Sea, drowning over 15,000 sheep

A sheep is rescued after the shipwreck Badr 1 sank in Sudan’s Red Sea port of Suakin, drowning most of the animals on board, June 12, 2022. AFP via Getty Images A cattle ship carrying 15,800 sheep sank in the Red Sea on Sunday June 12 off the port of Suakin, Sudan. The vessel, Badr 1, was to depart from ...

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Thai durian operators in thorny situation as authorities urge industry to expand

Like many others, his family farm Baan Suan Ratchanat is in Chanthaburi, which is one of Thailand’s major fruit provinces, along with Rayong and Trat. In these northeastern provinces, the durian season generally runs from April to June. The greater northeast region accounts for about half of Thailand’s total fruit production. With wholesale durian prices averaging around 140 baht per ...

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FTAs with UAE and Australia to boost exports: Anupriya Patel

Patel said Uttar Pradesh exporters can use these FTAs ​​as an instrument to promote outbound shipments./ Representative Image of Union Minister Anupriya Patel | Photo credit: @AnupriyaSPatel Free trade agreements (FTAs) with the United Arab Emirates and Australia will help promote exports of goods such as apparel, engineered products, handicrafts, textiles and agri-food products, it said on Monday. Minister of ...

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The rupiah should remain stable

KARACHI: The rupiah is likely to hold firm next week on improving dollar liquidity from exporters, while investors are likely to remain somewhat cautious, seeking more clarity on the policy front and ahead of the next fiscal year budget , the traders said. The local unit consolidated its gains and climbed to 197.59 against the dollar on Thursday. However, it ...

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Indian mills expect to export 1.5 MT of sugar after selling 8.5 MT: Report

India has exported about 8.5 million tonnes of sugar since the start of the current season on October 1, and exporters are expected to contract another 1.5 million tonnes for overseas sales over the next five years. months, business and government sources said Thursday. India, the world’s largest producer and consumer of sugar, on May 24 ...

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Electric vehicles are accelerating China’s impending dominance as a car exporter

The opening of the Tesla factory in Shanghai in 2019 was a breakthrough for electric vehicles and for foreign automakers: it was the first wholly foreign-owned factory in the world’s largest auto market. But it also marked the start of an even bigger trend, which promises to upend the structure of global manufacturing, bring a new wave of deindustrialization to ...

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Modi’s trade restrictions are illogical unless there is a political reason behind them

A version of this article first appeared in The India Cable – a subscriber-only newsletter published by Thread and Ideas Galileo. You can subscribe to The India Cable by clicking here. According to conventional wisdom, economic policy must be consistent and predictable. U-turns do not bode well for broader economic growth. In mid-April, Union Trade Minister Piyush Goel outlined Prime ...

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SA Government launches new program to showcase Limestone Coast wine to the world • Glam Adelaide

To share Tweeter To share To share E-mail Limestone Coast wine exporters have received support from the state government to showcase their products to the world through a program to improve skills and build better relationships for regional businesses in South Australia. Showcase SA’s Regional Business Accelerator Series arrived in Coonawarra today, with Trade and Investment Minister Nick Champion. The ...

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Dairy groups endorse USTR dairy decision, urge vigilance

Trade Representative Katherine Tai announced on Wednesday that the United States is seeking, for the second time, dispute settlement consultations with Canada under the United States-Mexico-Canada agreement to address restrictions. imposed by Canada which, according to the United States, are contrary to its commitments to the USMCA. . Specifically, the United States challenges Canada’s tariff rate quota (TRQ) allocation measures ...

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To control soaring prices, Center caps sugar exports: The Tribune India

Tribune press service New Delhi, May 24 In order to maintain domestic availability and price stability of sugar in the country during the 2021-22 sugar season (October-September), the Center has also decided to regulate sugar exports from June 1 until further notice. . India is the world’s largest producer India is the world’s largest sugar ...

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Column: China’s recovery and supply concerns are causing iron ore to soar

The logo of Australian group Fortescue Metals (FMG) can be seen on a bulk carrier loaded with iron ore in the coastal town of Port Hedland, Western Australia November 29, 2018. Picture taken November 29, 2018. REUTERS/Melanie Burton Join now for FREE unlimited access to Reuters.com Register LAUNCESTON, Australia, May 23 (Reuters) – Iron ore prices have applauded China’s decision ...

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Growers and exporters relieved Chinese market opens again to Canadian canola seeds

Before the trade tensions, the Chinese market accounted for 40% of Canadian canola exports. The Canadian Canola Growers Association (CCGA) has welcomed China’s removal of restrictions on Canadian canola exports. CCGA President Mike Ammeter said restored access is integral to the competitiveness of canola growers. “With 90% of canola exported, open and predictable trade is critical to the success of ...

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EEG: FEC approves payment of N375 billion to 285 exporters

The Federal Executive Council (FEC) has approved the disbursement of N375 billion for Export Expansion (EEG) to 285 beneficiaries. With approval, it will pass to the National Assembly at any time for legislative approval. The Executive Director/CEO of the Nigerian Export Promotion Council (NEPC), Dr. Ezra Yakusak, confirmed this weekend in Abuja, adding that the sum would effectively clear the ...

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Relief for 285 companies as FG approves payment of N375bn export debt – The Whistler Nigeria

The Federal Executive Council chaired by President Muhammadu Buhari has approved the payment of N375 billion as backlog of export expansion grants to 285 non-oil exporters. The amount was confirmed by the Executive Director/Chief Executive of the Nigerian Export Promotion Council, Dr. Ezra Yakusak during an interview on the sidelines of the Export for Survival Walk in Abuja. The EEG ...

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A Closer Look at the WASDE Report

USDA forecasts show that Ukraine’s exports will drop from 19 mmt in 2021-22 to 10 mmt in 2022-23. The USDA forecast also shows that India will increase its exports in 2022-23 from 8.15 mmt to 8.5 mmt. This is despite ongoing concerns that a heat wave has robbed the country of production potential, prompting some analysts to call for a ...

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Rice exports dry up due to foreign exchange restrictions and rising prices

The surprise move to fix the kyat rate has hurt the competitiveness of Myanmar’s rice exports, traders say, and overseas orders are already starting to decline. By FRONTIER Rice traders are warning that the regime’s recent move to peg the exchange rate could cripple exports, with potentially big effects on the country’s farmers. The sector was showing strong signs of ...

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Freight rates draw fruit industry’s ire | Article

Show in full screen The news that some of the world’s leading shipping companies posted record profits in the first quarter of 2022 has not gone down well in South African fruit circles. Justin Chadwick, chief executive of the South African Citrus Growers’ Association (CGA) was one of the most vocal critics, pointing out that shipping companies and other parts ...

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Port labor talks pose new complication for supply chain

West Coast dockworkers and stevedoring companies are set to begin contract negotiations this week that carry high stakes for a U.S. economy that has been ravaged by supply chain disruptions. The labor negotiations cover approximately 22,400 workers at 29 ports, including major Southern California facilities that are the nation’s busiest gateway for imported goods. Similar negotiations have been lengthy and ...

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Goyal urges Indian project exporters to explore developed world markets

Union Trade and Industry Minister Piyush Goyal on Thursday (5 May) urged project exporters to diversify and enter developed world markets and urged them not to limit themselves to line projects government credit and projects in the developing world. Goyal said this during his keynote speech at the “Summit on Enhancing Global Opportunities for Indian Project Exporters” hosted by Exim ...

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Brazil’s commodity sales to Arab countries soar as importers stock up on food

SAO PAULO, May 3 (Reuters) – Brazilian exports to the 22 countries of the League of Arab Nations rose in the first quarter amid soaring prices for agricultural raw materials and a drive to stock up on food, according to a statement sent to Reuters on Tuesday. Brazil’s total exports to the group reached $3.86 billion during the period, an ...

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More Coffee Buying Stalls Appear

Coffee-buying stalls are springing up at strategic locations in Goroka, Eastern Highlands Province, as the 2022 coffee year approaches. Stalls can be seen from Paragon to Faniufa to Mambu and even to the western end of Goroka serving parchment coffee from Henganofi, Okapa and Lufa districts and local government areas of Unggai and of lower Bena of the district of ...

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How ADR will engage importers and exporters in Nigeria – The Sun Nigeria

A a fortnight ago, we debated the place of alternative dispute resolution methods in the application of regulatory powers. In today’s article, we focus on the Council for the Regulation of Freight Forwarding in Nigeria (CRFFN) which was established by an Act of the National Assembly in 2007. The Act aimed to professionalize a group strategy of maritime practitioners hitherto ...

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Ringgit weakness is a boon for exporters, but rising commodity prices could negate the positives

KUALA LUMPUR (April 28): While exporters are usually touted as the big winners from a weak Malaysian ringgit, it’s not so clear cut this time around as companies also experience rising commodity prices, amid the recent unprecedented chain of events. . Despite the recent rally in crude palm oil (CPO) futures and Brent crude oil prices to near record highs ...

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Now direct shipping to Spain and the Netherlands from May 20

Exporters in the country will benefit from direct shipping to two other European destinations – Rotterdam in the Netherlands and Barcelona in Spain – as three ships begin operating from the port of Chattogram on May 20. Reliance Shipping and Logistics ships – MV Spica, MV Andromeda J and MV Music – will depart Chattogram fortnightly with export cargo. The ...

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Thousands of farmers stage anti-tax protest in Argentina’s capital

BUENOS AIRES (Reuters) – Thousands of Argentine farmers demonstrated in Buenos Aires on Saturday against President Alberto Fernandez, whose policy of containing food prices to curb runaway inflation has been criticized by the agricultural sector. Argentina is one of the world’s leading food exporters and the sector is key to Latin America’s third largest economy. Protesters waved Argentinian flags and ...

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CESTAT Restore the customs agent license

The Delhi Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) headed by Judge Dilip Gupta (President) and PV Subba Rao (technical member) reinstated the customs broker’s license because the show cause notice or investigation report lacked details of the non-existence of the exporter. The appellant, M/s. Perfect Cargo and Logistics, is licensed as a customs broker under ...

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Growth in export sales stagnates, says BCC

A survey of over 2,700 UK exporters found that UK export sales growth has effectively stagnated over the past year. The UK Chambers of Commerce’s quarterly business confidence outlook showed the proportion of exporters reporting an increase in overseas sales was unchanged from the fourth quarter at 29%, while those reporting a decline increased by 1 point to reach 25%. ...

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Crises in Sri Lanka and Nepal: Labour-intensive exports will suffer

A simmering currency crisis in Nepal, in addition to Sri Lanka’s worst economic crisis since 1948, has added to concerns among Indian exporters, who fear a 20% drop in supplies to neighbors in FY23 by compared to the previous year, unless the situation improves soon. Exporters FE spoke to said the drop in shipments to Sri Lanka could be more ...

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Indian exports hit $670bn in FY22 as services hit record $250bn

India exported $250 billion worth of services in 2021-22, a new record, Trade Minister Piyush Goyal said on Wednesday. Goyal, who previously predicted a record $400 billion in merchandise exports in 2021-22 based on provisional data, raised that figure to $419.65 billion on Wednesday. This brings India’s total exports to nearly $670 billion in 2021-2022, a figure that is sure ...

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Onion export demand rises as domestic prices fall

Onion export demand has resurfaced as domestic prices plummet, but exporters continue to be affected by container shortages and high freight rates. “Exports are up while domestic prices are down. But we are not able to meet our orders because containers are not available and freight costs are high,” said Ajit Shah, President of the Horticultural Products Exporters Association (HPEA). ...

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Furniture exporters urged to tap Chinese market

ISLAMABAD: The Furniture Council of Pakistan has urged local exporters to further exploit the potential of the Chinese market, in addition to focusing on improving the quality of their products to international standards. On Sunday, PFC Director General Mian Kashif Ashfaq, during an interview with a delegation of exporters led by Ishtiaq Ahmad Motianwali Sarkar, said the recent upward trend ...

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CBN to start payment of N65 forex rebate to exporters

Nigeria’s Central Bank of Nigeria has announced that it will start paying a N65 rebate to exporters who sell their goods through the Importers and Exporters (I&E) window, at the end of the first quarter. CBN Governor Godwin Emefiele said this shortly after the signing of the term sheet between the Infrastructure Corporation of Nigeria (InfraCorp) and independent asset managers ...

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