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The EU Limits Duty - Free Exports of Some Ukrainian Agricultural Products to Pacify Local Farmers Protests

2024-03-21

The EU has agreed to restrict the duty - free exports of some Ukrainian agricultural products to the EU market, including oats, corn, sugar, honey, eggs and poultry, but excluding wheat and barley. This is to ease the angry protests of European farmers over the influx of cheap Ukrainian agricultural products causing unfair competition. The EU also reserves the right to urgently cancel the tariff exemption, striving to balance supporting Ukraine and safeguarding the interests of local farmers.

The growth of trade between China and Russia has slowed down, affected by new US sanctions.

2024-03-20

Affected by U.S. sanctions on Russia, China-Russia trade growth slowed significantly in the first two months of 2024, with total trade volume increasing by 9.3% YoY, while banks tightened trade settlements.

The EU imposes high tariffs on Russian wheat

2024-03-20

The EU plans to impose heavy taxes on wheat from Russia and Belarus. This move may lead to a 50% price increase within Europe and also affect the global grain market.

Polands foreign trade decreased, with the largest decline in exports to the EU.

2024-03-19

Polands January foreign trade data shows a 12% decline in exports and a 14.5% drop in imports, with significant decreases in trade with the EU, particularly Germany and Central European countries.

Growth in Chinas Integrated Circuit Imports Reflects Rising Industry Demand

2024-03-19

In the first two months of 2024, Chinas integrated circuit imports grew by 16.8% in volume and 15.3% in value, despite a drop in average prices, reflecting strong demand in the electronics manufacturing sector.

India Cuts Import Tariffs on Electric Vehicles, Opens Market

2024-03-18

The Indian government announced reduced import tariffs for electric vehicles, conditional on multinational companies investing and establishing local factories, benefiting companies like Tesla.

Indias Gold Imports Recorded a Record Growth

2024-03-18

Indias gold imports doubled this year, despite the new EFTA trade agreement excluding gold. Analysis of the challenges and market impact behind surging demand.