Asia forms world’s biggest trade bloc, a China-backed group excluding U.S.
The deal marks the first time rival East Asian powers China, Japan and South Korea have been in a single free trade agreement.
Trade & Economy
Saudi Arabia to do away with key restrictions on foreign workers
Human rights groups have repeatedly called on the kingdom to abolish its “kafala” sponsorship system, described by critics as a modern form of slavery that binds workers to their Saudi employers.
ADB for additional funding for Afghan agro project
The Asian Development Bank (ADB) has approved a grant of $18.28 million in additional financing
Global foreign direct investment halved amid pandemic, but China remained resilient
Foreign direct investment (FDI), a bellwether of globalisation and economic confidence, fell by 49 per cent to $399 billion in the first half of 2020, amid the upheaval caused by the coronavirus pandemic, a new report from the UN trade and development organization UNCTAD showed on Tuesday.
Future of global trade remains deeply uncertain
West and south Asia saw the sharpest declines, with imports dropping by 23 per cent, and exports by 29 per cent.
‘Less severe’ but ‘still deep’ recession predicted: IMF
According to the report, with the COVID-19pandemic continuing to spread, many countries have slowed reopening, and some are reinstating partial lockdowns.
Global trade amid COVID-19: Signs of rebound, but recovery uncertain
According to WTO, the COVID-19 pandemic has had a highly uneven effect on different sectors, as the overall world average fell by 21 per cent.
Economic Engagement most vibrant aspect of India’s growing relations with the Arab world
Stating that we need more joint ventures, more investments in the infrastructure and the manufacturing sector. “The role of Sovereign Wealth Funds in facilitating this will be very critical,” Mr. Bhattacharyya said
Plans for border city, trade centre mark latest Kazakh-Uzbek co-operation
A new Uzbek satellite city in Tashkent Province and Kazakh-Uzbek trade centre straddling the border will lead to closer trade relations between the two countries, observers say.
Australia looks to boost trade with India after relations with China sour
Australia’s escalating tensions with Beijing have shown up its reliance on China trade and propelled a push to increase links with Asia’s other giant economy, India.