Inventory this week >>
1. South Korea: Export growth for the first time in the past year
2. South Korea-EU: Digital trade negotiations will be opened
3. India: Authorized 110 companies import laptops and tablets
4. Russia: Approval of export settlement of agricultural products with rubles
5. The United States: Become India's largest trading partner
6. Australia-EU: Free Trade Negotiations Break
South Korea: The first record of export growth in the past year
The Ministry of Commerce and Commercial Resources of South Korea released data on November 1st. South Korea's exports in October increased by 5.1%year -on -year, an estimated increase of 6.1%; South Korea's imports in October fell by 9.7%year -on -year, and recorded a US $ 1.636 billion trade surplus in October.This is the first growth of the monthly export data of South Korea in the past year, which is a positive signal for the country's growth prospects, and it also shows that global demand is showing elasticity.
South Korea-EU: Digital trade negotiations will be openedAhmedabad Investment
The Ministry of Commerce Resources of the South Korean Industry said on October 31 that they had agreed to start negotiations with the EU to reach a digital trade agreement and seek to establish a wider partnership in the field of online business and data industry.
India: It is reducing dependence on Russia
The Indian refinery is reducing its dependence on Russia's oil.According to Kpler's data, India's imported crude oil from Russia in October fell 11%to 1.58 million barrels. At the same time, India's imports of Saudi Arabia almost doubled.Agra Stock
India: Authorized 110 companies imported checked computers and tablets
According to foreign media reports, according to two Indian government sources, under a new system aimed at monitoring personal computers in India, 110 companies including Apple, Dell, Samsung, and Lenovo were allowed to import laptops, tablets, superSmall computers and servers.The source said that according to the new "import management system" that has taken effect on Wednesday, Acer, Xiaomi, IBM and ASUS have also obtained import permits.Lucknow Stock
Thailand: Tighten the export of sugar to suppress inflation
As the world's second largest sugar exporter, Thailand began to regulate its domestic sugar prices and conduct strict review of sugar exports to control food inflation.Any export of any price change or one ton or more needs to be approved by the regulatory team first, and the relevant policies take effect on November 1.
Thailand: Export growth in consecutive month
The Ministry of Commerce of Thailand announced that the total exports of Thailand in September this year were US $ 25.476 billion, an increase of 2.1%, an increase in the second consecutive month.In September, Thailand's imports were US $ 23.383 billion, a decrease of 8.3%, and a trade surplus of US $ 2.093 billion.From January to September this year, Thailand's total exports were US $ 21.3069 billion, a decrease of 3.8%; the total imports were US $ 218.902 billion, and the trade deficit was US $ 5.833 billion.
Bangladesh: Allow potatoes to import
A statement issued by the Ministry of Commerce of Bangladesh on October 30 stated that the Bange government decided to allow importers to import potatoes from overseas to increase domestic market supply and as an important measure to alleviate the prices of major consumer vegetables in the domestic market.At present, the Ministry of Commerce of Meng has solicited the willingness to importers, and the importers who submitted the application will issue a potato import license as soon as possible.
Bangladesh: From July to September, the import volume decreased by nearly 20 % year-on-year
According to official statistics, from July to September 2023, Bangladesh's imports were US $ 15.9 billion, a year -on -year decrease of 18%.Among them, the imports of consumer goods such as grains and edible oil were 1.4 billion US dollars, a year -on -year decrease of 48%.Economists believe that the two main reasons for the significant decline in imports are the shortage of US dollar and inflation.
Vietnam: In the first October, the export value of agricultural and forestry aquatic products exceeded 43 billion US dollars
According to statistics from the Ministry of Agriculture and Rural Development of Vietnam, from January to October, the total export of Vietnamese agricultural and forestry aquatic products reached US $ 43.08 billion, achieving a trade surplus of 9.3 billion US dollars.In October, Vietnamese agricultural and forestry aquatic products exported 4.81 billion US dollars, an increase of 7.43%month -on -month and an increase of 11.9%year -on -year.Among them, the export value of agricultural products was 2.47 billion US dollars, a year -on -year increase of 31.1%
EU: Planning to implement the 12th round of sanctions on Russia
According to the Financial Association, the European Union is brewing the 12th round of sanctions on Russia, which may involve a trade amount of 5 billion euros (about 38.7 billion yuan).The European Union is considering prohibiting the export welding machines, chemicals, and some technologies that can be used for military purposes, and restrict imported metal and aluminum products and diamonds processed.The European Union tries to restrict Russia through a new round of sanctions to bypasses the existing ban from the third country to obtain the ability, technology, and electronic products required for the Ukraine Military Actions.Relevant companies in the third country joined sanctions.
Russia: Temporary ban on exports of abandoned precious metals
On October 31, local time, the Russian government issued an announcement that from November 1, 2023 to April 30, 2024, it was banned from exporting waste metals from Russia.According to the announcement, during the implementation of the ban, it is not allowed to export waste metals covered with precious metals from Russia, other waste and debris containing precious metals or precious metals.In addition, waste and debris for extracting precious metals and electronics will also be suspended.
Russia: Approval of the export settlement of agricultural products with rubles
Recently, Prime Minister Michamjing Russia signed an order that starting from November 1, it allows Russian agricultural product overseas supply contracts to pay with deeds through special accounts, aiming to ensure stability of Russian finance and resist external sanctions.The list includes meat, poultry, milk, cream, barley, corn, wheat, soybean, flaxseed, sunflower, soybean, rapeseed oil, sugar, oil meal, etc.
Ukraine: It will stop Russia's natural gas transit at the end of 2024
According to Ukrainian media reports, Cladezans, the head of Ukraine National Petroleum and Natural Gas Company, said that Russia will stop the Russian natural gas through Ukraine by the end of 2024.Chelneshav said that Russia's contract with Ukraine to the EU will end at the end of 2024, and Ukraine does not intend to extend the contract.
The United States: Become India's largest trading partner
Temporary data from the Department of Commerce of India show that in the first half of this year (fiscal year), the United States is still the largest trading partner in India in the first half of this year (first half).From April to September 2023, the trade volume of India and the United States fell 11.3%to US $ 59.67 billion, compared with US $ 67.28 billion in the same period last year.From fiscal year to fiscal year 2018 and fiscal year in 2021, India is India's largest trading partner; the United States is the largest trading partner in India's fiscal year in 2023.
Brazil: Or replaced the United States to become the world's largest corn exporter
The business people consulted by Eiffi agreed that Brazil has surpassed the United States to become the world's largest corn exporter this year.According to many industry associations in Brazil, unless the United States changes its export policy to stimulate exports, Brazil, which has continued to increase in surplus, has continued to maintain its status in the world's largest corn supply in the next years.Indore Investment
Australia-EU: Free Trade Negotiations Breaks
The Australian government recently stated that Australia has rejected the European Union's free trade agreement plan, and it is unlikely that the two parties will reach an agreement in the next few years.The largest agricultural group in Australia thanked the government for rejecting "sacrificing Australian farmers" and believed that the current agreement version will not allow enough Australian agricultural products to enter the European Union.
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