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Results for "Exporters"

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Freight Costs Surge 372% Following Strike
Businessexpress-tribune10d ago

Freight Costs Surge 372% Following Strike

Exporters are facing substantial losses estimated at Rs450 billion and severe shipping space shortages due to a dramatic 372% surge in freight costs after a recent strike.

India Eases Rupee Trade Rules to Boost Global Use
BusinessTimes of Indiainvesting-com12d ago2 sources

India Eases Rupee Trade Rules to Boost Global Use

India has eased its rupee trade rules, providing exporters with alternative payment options to boost the global use of the currency. This move aims to facilitate international trade and reduce reliance on other currencies.

US Pressures Allies to Choose Sides in AI Race with China
WorldBBCbloombergAl Jazeera+17berlingskeorfde-volkskrantel-mundonational-postYahoola-vanguardiahindustan-times+9 more18d ago20 sources

US Pressures Allies to Choose Sides in AI Race with China

The United States is urging its international partners to align with it in the artificial intelligence competition against China, emphasizing the need to pick sides. This push comes amidst broader US foreign policy discussions on issues ranging from Iran's nuclear ambitions to immigration and trade practices.

Moldova Addresses Concerns Over Ukrainian Goods Transit
Businesszdg-md19d ago

Moldova Addresses Concerns Over Ukrainian Goods Transit

Moldova's Ministry of Infrastructure and Regional Development (MIDR) has responded to farmers' concerns, clarifying that the transit of Ukrainian goods through Moldova, with reduced rail tariffs, will not be detrimental to Moldovan exporters.

Trump Administration's Tariffs and Political Actions Draw Criticism
PoliticsbloombergNYTThe Guardian+17Al Jazeeradr-dkberlingskeSCMPNHK Worldel-mundodigi24forbes+9 more1mo ago20 sources

Trump Administration's Tariffs and Political Actions Draw Criticism

The Trump administration's imposition of new global tariffs has drawn lawsuits from U.S. businesses and negative reactions internationally, while officials also admitted to withholding clean energy grants from states that did not vote for Trump. These actions highlight ongoing controversies surrounding the administration's economic and political strategies.

Turkey Slashes Taxes to Attract Foreign Investors
Businessexpress-tribune1mo ago

Turkey Slashes Taxes to Attract Foreign Investors

Turkey has announced radical tax cuts, including a reduction in the corporate rate to 9% for exporters, a 20-year zero tax on foreign income, and a significant slash in inheritance tax to 1%, in an effort to lure international investors.

Ghana Aims to Exceed $15 Billion in Export Earnings by 2030
Politicsmyjoyonline2mo ago

Ghana Aims to Exceed $15 Billion in Export Earnings by 2030

Davis Korboe, President of the Federation of Associations of Ghanaian Exporters (FAGE), stated that Ghana could surpass US$15 billion in non-traditional export earnings by 2030 if the government, financial institutions, and industry stakeholders strengthen their support.

Pakistani Exporters Unconcerned by Proposed 10% US Duty
WorldDawn3mo ago

Pakistani Exporters Unconcerned by Proposed 10% US Duty

Pakistani exporters express confidence that a proposal under consideration in Washington to impose an additional 10 percent duty on imports will not negatively impact Pakistan’s exports. The US Trade Representative (USTR) made the proposal to the Trump administration.

Russia Expands Ban on Armenian Food Imports
Politicsoc-mediameduza3mo ago2 sources

Russia Expands Ban on Armenian Food Imports

Russia has extended its import ban on Armenian products to include apples, eggplants, dried fruit, and fish, prompting Armenian Prime Minister Pashinyan to promise subsidies for affected exporters.

Worldtempo-english3mo ago

China Approves Eight More Indonesian Fish Exporters

China has approved an additional eight Indonesian fish exporters, expanding trade opportunities for Indonesia's seafood industry. This decision is expected to boost economic ties between the two nations.

Indonesia Relaxes Foreign Exchange Requirements for Mining Exporters
Businesstempo-englishantara-english2d ago2 sources

Indonesia Relaxes Foreign Exchange Requirements for Mining Exporters

Indonesian authorities have streamlined foreign exchange regulations to allow qualifying mining exporters greater flexibility in managing their overseas earnings. The policy adjustment aims to improve liquidity for the sector while maintaining oversight of national currency reserves.

US Plans Mass Visa Revocation for Asylum Seekers Amid Measles Outbreak
WorldAPReutersBBC+59bloombergwsjFTwapoThe GuardianAl JazeeraCNNFox News+51 more7d ago62 sources

US Plans Mass Visa Revocation for Asylum Seekers Amid Measles Outbreak

The United States is preparing to revoke up to 200,000 visas for asylum seekers, citing fraud claims, while simultaneously dealing with a deadly measles outbreak in the Northeast. This dual development highlights significant challenges in immigration and public health.

Korean Won Breaks 1,300 Per Dollar Amid Kospi Selloff
BusinessKorea Herald14d ago

Korean Won Breaks 1,300 Per Dollar Amid Kospi Selloff

The Korean won surpassed the 1,300-per-dollar mark for the first time in over 10 months on Wednesday, defying a steep Kospi selloff as weak US data pressured the dollar and Korean exporters increased their dollar sales.

Moldovan Farmers Protest Discounted Ukrainian Grain Transit
Politicslsm-lvnewsmaker-md19d ago2 sources

Moldovan Farmers Protest Discounted Ukrainian Grain Transit

Moldovan farmers are demanding an explanation from their government regarding a 50% discount applied to the transit of Ukrainian agricultural goods, fearing it negatively impacts local exporters. Authorities have responded, asserting that the discount causes no damage to Moldovan exporters.

Turkey Achieves Three Export Records in July
FinanceDaily Sabah29d ago

Turkey Achieves Three Export Records in July

Turkish Trade Minister Ömer Bolat announced that Turkish exporters set three records in July. These include the highest-ever July shipments, annualized exports, and total goods and services sales.

Russian Grain Lobby Warns of Threat to Black Sea Exports
Worldndtv1mo ago

Russian Grain Lobby Warns of Threat to Black Sea Exports

The Russian grain lobby has stated that Kyiv's recent attacks pose a threat to Black Sea exports. Both Russia and Ukraine, major agricultural exporters, have been targeting each other's export facilities and commercial vessels in the Black Sea.

War impacts unofficial dollar inflows in Pakistan
BusinessDawn1mo ago

War impacts unofficial dollar inflows in Pakistan

Unofficial foreign exchange inflows into Pakistan through hundi and hawala networks have sharply decreased due to ongoing conflict, impacting small exporters and manufacturers. Crypto investments are also diverting billions of dollars from the local market.

South Korea's Submarine Export Ambitions Face Setbacks
TechnologySCMP1mo ago

South Korea's Submarine Export Ambitions Face Setbacks

South Korea's failed bid for Canada’s next-generation submarine fleet has highlighted growing challenges for one of Asia’s fastest-rising defence exporters. Analysts suggest that factors like price, speed, and technology may no longer be sufficient to secure international defence contracts.

EBRD Targets $1.5 Billion Investments in Nigeria Over Three Years
BusinessPremium Times1mo ago

EBRD Targets $1.5 Billion Investments in Nigeria Over Three Years

The European Bank for Reconstruction and Development (EBRD) plans to invest $1.5 billion in Nigeria over the next three years. These investments aim to facilitate trade activities for Nigerian importers and exporters by providing pre-import and post-export financing.

US Officials Address Strait of Hormuz Tolls and Iranian Funds Amidst Regional Tensions
WorldbloombergNYTFT+34Al Jazeerayle-uutisetcnbcle-figaroSCMPFrance 24tvn24die-presse+26 more2mo ago37 sources

US Officials Address Strait of Hormuz Tolls and Iranian Funds Amidst Regional Tensions

US officials, including Marco Rubio and Donald Trump, have stated that tolls on shipping through the Strait of Hormuz are unacceptable, while also clarifying that unfrozen Iranian funds would be strictly overseen for humanitarian purposes. These statements come amidst ongoing tensions and conflicting reports regarding US-Iran relations and regional security.

Strong Forint Threatens Hungarian Exporters
Businesstelex2mo ago

Strong Forint Threatens Hungarian Exporters

A recent survey indicates that a significant number of Hungarian export companies have become unprofitable due to the forint's 10% appreciation in the past two months, with nearly a fifth stating they cannot sustain operations for another three months.

Philippine Mangoes Enter Canadian Market
WorldRappler2mo ago

Philippine Mangoes Enter Canadian Market

The first shipment of fresh Philippine mangoes has arrived in Canada, supplied by Philippine exporters Hi-Las Marketing Corporation and Castillo Import Export Ventures Inc.

WorldFT3mo ago

Gulf States Discuss Oil Pipelines to Bypass Hormuz

Oil exporters in the Gulf states are reportedly in talks to develop alternative oil pipelines. This initiative aims to bypass the crucial Strait of Hormuz, which has experienced disruptions for over three months.

EU Carbon Tariffs Impact Bosnian Exporters
Politicsn1-bih7d ago

EU Carbon Tariffs Impact Bosnian Exporters

New EU carbon border adjustment mechanisms (CBAM) are imposing additional costs on Bosnian exports, with steel, aluminum, electricity, and cement facing the highest financial burdens.

Moldovan Exporters Warn of Risks from Increased Ukrainian Grain Transit
Worldnewsmaker-md19d ago

Moldovan Exporters Warn of Risks from Increased Ukrainian Grain Transit

The Association of Grain and Oilseed Exporters warned on August 13 about the risk of overloading Moldova's railway infrastructure due to increased transit of Ukrainian grain and a 50% reduction in tariffs for such transportation, emphasizing it should not block their own exports.

US Lifts Sanctions on Iraqi Airline Linked to Iran's Revolutionary Guards
PoliticsBBCbloombergFT+48Al JazeeraFox Newscnbchelsingin-sanomattagesschauukrainska-pravdafazder-spiegel+40 more27d ago51 sources

US Lifts Sanctions on Iraqi Airline Linked to Iran's Revolutionary Guards

The United States has lifted sanctions on Fly Baghdad, an Iraqi airline previously accused of supporting Iran's Revolutionary Guards. This move comes amidst ongoing discussions and shifting US foreign policy regarding Iran and other global actors.

Poland to Simplify VAT Documentation for Exporters
Businessrzeczpospolita29d ago

Poland to Simplify VAT Documentation for Exporters

Poland is set to reduce bureaucracy for exporters by simplifying VAT documentation requirements, allowing for more than just customs authority confirmations as proof, according to a proposed amendment to the VAT act.

Worldbloomberg1mo ago

Indian Refiners Bolster Russian Oil Exports Amid Sanctions

Indian refiners have reportedly stepped in to support Russia's oil exporters, providing a crucial market for Russian crude amidst international sanctions. This move helps Russia maintain its oil revenues despite Western efforts to limit them.

South Korea Aims to Become Top 5 Global Exporter, Boosts Arms Sales
PoliticsDWKorea Herald1mo ago2 sources

South Korea Aims to Become Top 5 Global Exporter, Boosts Arms Sales

South Korea's Prime Minister has reaffirmed the nation's ambition to become one of the top five global exporters, with a particular focus on increasing arms sales. This push comes as the world re-arms, presenting an opportunity for South Korea to capitalize on the growing demand for defense products.

Nigerian Government Unveils $1 Billion AfCFTA Fund for Exporters
Politicspunch-ngvanguard-ng2mo ago2 sources

Nigerian Government Unveils $1 Billion AfCFTA Fund for Exporters

The Nigerian government has launched a $1 billion credit facility under the African Continental Free Trade Area (AfCFTA) to boost the nation's export drive. This fund aims to provide financial support to Nigerian exporters, enhancing their competitiveness in the African market.

CBAM Poses Major Challenge for Bosnian Exporters
Businessklix-ba2mo ago

CBAM Poses Major Challenge for Bosnian Exporters

The Carbon Border Adjustment Mechanism (CBAM) continues to be a significant challenge for Bosnian exporters, particularly affecting companies in the metals and processing sectors. A panel discussion organized by the Center for Responsible Business in Sarajevo addressed CBAM and responsible business practices with 70 company and institution representatives.

Serbian President Vučić Attends EU-Western Balkans Summit in Tivat
WorldbloombergFTle-monde+58waponzzcnbcruvukrainska-pravdafazberlingskeDW+50 more2mo ago61 sources

Serbian President Vučić Attends EU-Western Balkans Summit in Tivat

Serbian President Aleksandar Vučić arrived in Tivat, Montenegro, for the EU-Western Balkans summit, where discussions are expected to focus on accelerating accession negotiations and regional cooperation, amidst some local tensions and protests.

Worldpunch-ng3mo ago

Nigeria's Central Bank Implements Rules to Stabilize FX Market

Nigeria's Central Bank is introducing new regulations to bring stability to the country's foreign exchange market, which has long been plagued by uncertainty and supply-demand issues. Importers and exporters have faced challenges with delays and documentation.

New BiH-Croatia Border Agreement Benefits Una-Sana Canton Exporters
Politicsklix-ba3mo ago

New BiH-Croatia Border Agreement Benefits Una-Sana Canton Exporters

Amir Purić, a representative in the Parliament of the Federation of Bosnia and Herzegovina, highlighted the importance of a new border crossing agreement between Bosnia and Herzegovina and Croatia, stating it will significantly benefit businesses from Una-Sana Canton by eliminating the need to export via the Gradiška border crossing.