Global trade hits record $7.7 trillion in first quarter of 2022 – report

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The value of global trade rose to a record $7.7 trillion in Q1 2022, an increase of about $1 trillion relative to Q1 2021, according to UNCTAD’s Global Trade Update published on Thursday. The growth, which represents a rise of about $250 million relative to Q4 2021, is fuelled by rising commodity prices, as trade volumes have […]

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India’s agri exports jump by 22% to reach $ 7.9 billion during April-August 2021

Exports of 37 agriculture and processed products, promoted by Agricultural and Processed Food Products Export Development Authority (Apeda), jumped by 22% to touch $ 7.9 billion during first five months of the current fiscal. The export market saw a healthy demand for rice and other cereals as well as meat, dairy and poultry products. Exports […]

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China to further release metal reserves to ease commodity price hikes: Xinhua

China will further release its state reserves of copper, aluminum and zinc to ensure stable prices of commodities and ease cost pressure on firms, the country’s top economic planner said Thursday, the state run news agency Xinhua reported. The National Development and Reform Commission (NRDC) will work with other departments to release the non-ferrous metal […]

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Trade war seen escalating as U.S. senate moves to delist 800 Chinese firms from American bourses

In a major move, the US Senate has overwhelmingly approved legislation that could lead over 800 Chinese companies such as Alibaba Group Holding Ltd. and Baidu Inc. to be barred from listing on American stock exchanges amid increasingly tense relations between the world’s two largest economies. The bill called the Holding Foreign Companies Accountable Act, […]

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Global trade fell in 2015 on weak demand, China – World Bank

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Global trade in 2015 grew at half the rate of the previous year, as persistent weak demand and structural changes in trade were compounded by falling commodities prices and China’s shift to a new growth path, the World Bank said. It said after dramatically declining in the first half of 2015, global trade recovered but […]

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India has reasons to cheer despite global commodity meltdown

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While crashing commodity prices and a slowing Chinese economy will make it a difficult year for most emerging countries, India has good reasons to cheer as it was in a privileged position being a big commodity importer, a top Harvard University professor has said. The China slowdown has not had a major negative effect on India as its exports to China are small, […]

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