A Belgrade-based economic bulleting reported on Monday that Serbia’s external trade deficit stood at more than a billion Euro in May 2022, the highest ever recorded. “Serbia had the highest every monthly external trade deficit of 1.141 billion Euro in May … with exports to import ratio standing at 73 percent compared to the average … Read more
The volume of trade between China and Moldova increased from only 70,000 dollars in the beginning of the establishment of the diplomatic relations, 30 years ago, to 849 million dollars in 2021, witnessing a quick development and China becoming the fourth big commercial partner of Moldova, according to Extraordinary and Plenipotentiary Ambassador of the People’s … Read more
The country’s foreign trade turnover between January and May increased by 41 percent compared to the same period last year and reached US$51.3 billion, according to the Kazakh Bureau of National Statistics. Exports increased by 59 percent and reached US$34.2 billion, while imports rose by 14.4 percent and reached US$17.1 billion. This significant increase in … Read more
Overall, Georgian external trade turnover amounted to $8.46 billion between January-June 2022, posting a 35.2 percent increase year-on-year. Photo: Nino Alavidze/Agenda.ge Georgia exported $439 million of goods in June, marking a 25 percent increase compared to the same month of 2021, preliminary data from the National Statistics Office of Georgia shows. The update has not … Read more
Azerbaijan and Egypt have discussed the implementation of joint projects between the two countries, Azernews reports. The discussion took place during a meeting between Orkhan Mammadov of Azerbaijan’s Agency for Small and Medium Business Development and Egyptian Ambassador Hisham Mohamed Nagy Abdel Hamidi. During the meeting, the parties also exchanged views on the possibility of … Read more
By the order of Georgi Avetisyan, Head of the Food Safety Inspectorate Body (FSIB) of Armenia, the ban on the import of live poultry, all types of poultry products, commercial and hatching eggs, meat and bone flour, feed, supplementary feed, polymer and cardboard tuber boxes, as well as sanitary pads from China to Armenia has … Read more
An article on signing an agreement on the creation of the largest logistics cluster in Uzbekistan has been published by a leading UAE news agency The Emirates News Agency (WAM).
The leading place in the UAE in the field of international trade, logistics and industry belongs to AD Ports Group. One of the largest oil and gas companies in Uzbekistan is Sanoat Energetika Guruhi (SEG).
The launch of a joint venture to open new businesses in the field of logistics and cargo transportation by AD Ports Group and SEG is noted in the article. The development of logistics infrastructure and services in Uzbekistan and the entry of Uzbek products, in particular SEG products, to the world market will be accelerated by this step.
According to AD Ports Group Chairman Falah Mohammed Al-Ahbabi, the strategic partnership between UAE and Uzbekistan will be strengthened by this agreement. He also said that they were pleased to direct the experience and resources of the AD Ports Group to solve the main logistical problems and use the opportunities available in the country. The Chairman added that AD Ports Group can contribute to unlocking the country’s broader economic potential by creating new value chains and opening up new trade routes. They will use the potential effectively to create economic hubs and logistics centers in the opening of a specialized food hub, inland ports and warehouses.
According to Bakhtiyor Fazilov, director of SEG, the agreement will have a significant impact on economic growth in Uzbekistan, and it will help to create new jobs and open up new opportunities for trade and development.
Statistics show that Uzbekistan is a major producer of key export commodities, including oil, natural gas and gold, as well as the second largest exporter of cotton in the world. The new joint venture will make it possible to bring a wider range of Uzbek products to the global market.
WAM concludes that the SEG development vector aimed at building a vertically integrated oil and gas company that will be able not only to extract and process hydrocarbon raw materials into high value-added products, but also to supply these products to anywhere in the world thanks to creating trade corridors, is continued by this partnership with one of the largest global leaders in the field of logistics.
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A leading UAE news agency The Emirates News Agency (WAM) has published an article on signing an agreement on the creation of the largest logistics cluster in Uzbekistan. AD Ports Group is the leading company in the UAE in the field of international trade, logistics and industry. Sanoat Energetika Guruhi (SEG) is one of the … Read more
The Australian Government has endorsed a decision to remove tariffs on imports to Australia from Ukraine for a period of 12 months. The relevant statement was made by Australian Trade and Tourism Minister Don Farrell, an Ukrinform correspondent reports. “The Australian Government has announced it will remove tariffs on imports to Australia from Ukraine. The … Read more
Illustration (Photo: Francesco de Marco/Shutterstock) From next year, Serbia will get a favored status regarding the export of certain quantities of cheese, butter, alcohol and cigarettes, following earlier difficulties to approve customs-free export of the several products important to the country to the market of the Eurasian Economic Union (EAEU). Russian media reported that, from … Read more