Iran Targets 4 Million Barrels Per Day Oil Production by March 2025 as Output Continues to Rebound
Iran plans to increase its daily crude oil production to 4 million barrels per day (bpd) by the end of the current Iranian calendar year (March 2025). This represents a…
Germany’s Exports to Russia Plunge 19.3% in May, Imports Fall 8% Amid Ongoing Sanctions
Germany significantly reduced its exports to Russia by 19.3% month-on-month in May 2024, with exports falling to €0.6 billion. Additionally, imports from Russia decreased by 8% to €0.2 billion during…
Nigeria Faces $20 Billion Cocoa Export Losses Over Next Three Years Due to Environmental and Farming Challenges, FRC Warns
According to reports, Nigeria risks losing up to $20 billion in cocoa exports over the next three years due to environmental issues and improper farming practices. The Forestry Research Council…
Afghanistan Bans Imports of Pakistani Broiler Poultry, Citing Concerns Over ‘Haram’ Feeding Practices
The Taliban government of Afghanistan has imposed a complete ban on the import of broiler poultry from Pakistan, declaring the chicken meat as “haram” or unfit for Muslim consumption. The…
Nigeria’s E-Waste Import Surge Sparks Concerns as Nigerians Resort to Used Items Amid Environmental Risks
Nigeria is facing growing concerns over the rising import of electronic waste (e-waste), which has led to more Nigerians resorting to using second-hand items. This trend is exacerbating environmental and…
Vietnamese Exporters Struggle with Lack of Market Knowledge, Language Barriers, and Regulatory Hurdles in Global Trade
Vietnamese enterprises are facing significant disadvantages when exporting to other countries. Many lack the necessary expertise in foreign markets, language skills, and understanding of international trade contracts, putting them at…
Russia to Double Import Tariffs on Scotch Whisky from ‘Unfriendly’ Countries in Retaliatory Trade Move
Russia plans to double import tariffs on Scotch whisky and other spirits from “unfriendly” countries, raising the tax to 20% of the value. This retaliatory move comes in response to…
Romania’s Automotive Sector Drives 25% Rise in Road Transport Demand, DSV Road Report Finds
According to a new report by DSV Road, Romania’s automotive sector saw a 25% increase in demand for road transportation services in the first half of 2024. The automotive industry,…
Afreximbank and BSMART Expand African Collaborative Transit Guarantee Scheme to Boost Trade Facilitation in East Africa
Afreximbank and BSMART Technology Ltd have expanded the Afreximbank African Collaborative Transit Guarantee Scheme (AACTGS) to cover container deposits and customs bonds in East Africa. This move aims to enhance…
China’s Polypropylene Exports Forecast to Reach 2.6 Million Tons by 2024 Amid Complex Global Market Dynamics
China’s polypropylene (PP) exports are expected to surge to 2.6 million tonnes in 2024, more than double the level seen in 2023. This dramatic increase is driven by growing global…