Kazakhstan’s trade turnover of non-oil goods increased by 21.7% to $46.7 billion in January-July, Vice Minister of Trade and Integration Kairat Torebayev said at a Sept. 25 briefing in the Central Communications Service, reported the ministry’s press office. Non-oil exports accounted for $14.2 billion, with copper and copper cathodes constituting 12.9% of the share, ferroalloys … Read more
“Importantly, Georgia historically has been positioned as a natural bridge between Europe and Asia and an integral part of the ancient Silk Road. Today, our strategic location enables us to contribute to the revival of the Silk Road under the Belt and Road Initiative (BRI) through the Middle Corridor,” said Georgian Prime Minister Irakli Garibashvili … Read more
A strategic document that formally begins negotiations on free trade with the UAE was signed today in Dubai by the Serbian Minister of Internal and External Trade, Tomislav Momirović, and the Minister of External Trade of the United Arab Emirates (UAE), Thani bin Ahmed Al Zeyoudi.
According to Momirović’s post on his Instagram profile, the trade between the two countries and the convergence of the two economies will be expedited by this agreement. He stated that economic relations between Serbia and the UAE are combined with good political relations and are realized through trade cooperation, investment projects as well as strategic partnerships and pointed out that he tried to animate as many companies from the UAE as possible to relocate their operations to Serbia.
Momirović added that many companies from Serbia and the UAE are successfully operating in both markets as part of joint investment projects in agriculture, transport, mining and energy (Etihad Airways, Al Dahra, Eagle Hills Properties, DP World, Elixir Group).
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The external merchandise trade (excluding non-declared trade) of Georgia reached USD 14 005.0 million in January-August 2023 (16.8 percent higher than in 2022). The exports grew up by 14.4 percent and reached USD 4 079.4 million. The imports increased by 17.8 percent and achieved USD 9 925.7 million. The share of the negative trade balance in external trade turnover constituted 41.7 percent and equaled to USD 5 846.3 million in January – August 2023.
The share of the top ten trading partners by exports in the total exports of Georgia attained 81.0 percent in the reported period. Azerbaijan (USD 567.8 million), Armenia (USD 552.3 million) and Russia (USD 461.4 million) were the top partners.
The share of the top ten trading partners by imports in the total imports of Georgia reached 70.8 percent in the reported period. Türkiye (USD 1 644.7 million), Russia (USD 1 225.5 million) and the USA (USD 1 190.1 million) were the top partners.
The share of the top ten trading partners in the total external trade turnover of Georgia stood at 68.7 percent in the reported period. Türkiye (USD 1 944.0 million), Russia (USD 1 686.9 million) and USA (USD 1 240.0 million) were the top trading partners.
The first place in the list of top export items In January-August 2023 was claimed by motor cars with USD 1 368.4 million (33.5 percent of total exports). Total exports of copper ores and concentrates reached USD 411.7 million (10.1 percent of the total exports). The third place was occupied by the exports of wine of fresh grapes (USD 169.3 million and 4.2 percent of the total exports).
Motor cars were the top import commodities in the reported period with USD 1 957.8 million (19.7 percent of the total imports). They were followed in the list by the petroleum and petroleum oils with USD 716.2 million (7.2 percent of imports). The third place in the top import commodity list was taken by the medicaments put up in measured doses with USD 354.3 million (3.6 percent of imports).
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Exports to third countries (calendar and seasonally adjusted exports of goods), August 2023 58.4 billion euros -1.7% on the previous month -4.3% on the same month a year earlier Exports to third countries (original values, exports of goods), August 2023 57.4 billion euros -4.3% on the same month a year earlier WIESBADEN – On a … Read more
A Dutch delegation comprising 17 companies will partner with Kenya in exploring the investment opportunities in port development and the blue economy. The delegation consists of companies with expertise in port development, dredging, transport and logistics, water engineering, warehousing and distribution. Addressing the delegation in Nairobi yesterday, the Cabinet Secretary for Transport Kipchumba Murkomen acknowledged … Read more
India and the UK are “very close” to achieving a mutually beneficial free trade agreement (FTA) but the aspects left to agree on are the toughest ones, Britain’s Business and Trade Secretary in charge of the negotiations has told a parliamentary panel. Kemi Badenoch was answering questions posed by the cross-party House of Commons Business … Read more
The government approved a new procedure for the export of corn, rapeseed, sunflower, and wheat, according to which it a license is required from the Ministry of Economy with the approval of the Ministry of Agrarian Policy in order to supply these crops to five EU member states bordering Ukraine. This was stated by the … Read more
After the corn harvest, Serbia will have a surplus of around 2.5 million tons this year, the same amount of wheat and around 100,000 tons of sunflower, and the export is now seriously hampered by logistics problems, the lack of means of transportation and transportation costs, said the director of the “Serbian Grains” Association, Suncica … Read more
In the first half of the year, the trade turnover of finished products by Kazakh manufacturers reached $ 39.4 billion, marking a 22 % surge compared to last year. Within this figure, the country’s exports of non-commodity goods accounted for one-third, totaling $ 12.1 billion, reported the prime minister’s press service on Sept. 19. The … Read more