Japan’s trade deficit in first half of 2022 hits largest since 1979

International Business News  –  On July 21, the Japanese Ministry of Finance released a preliminary report on trade statistics for the first half of 2022 (January to June), showing that the trade balance (exports minus imports) was a deficit of…

Uruguay says it will push for free trade agreement with China

International Business News  –  The foreign ministers of the four countries of the Southern Common Market of the Americas held a meeting in Paraguay. Uruguay’s Foreign Minister Bustillo said that Uruguay will promote the conclusion of a free trade agreement…

Japan’s machine tool exports to China turned positive in June

International Business News  –  On June 21, the June machine tool order value (determined value) published by the Japan Machinery Industry Association (referred to as the Japanese Trade Union) showed that the order value for China increased by 24% year-on-year…

Biden: Considering removing some tariffs on Chinese imports

According to the Russian satellite news agency sputniknews, U.S. President Joe Biden said on the 10th that he is considering removing some tariffs imposed on Chinese imports to help control rising consumer prices in the United States. In a speech…

Pak-China working together for agricultural mechanization

by Wang Kai “Slow adoption of mechanization technology has been a key reason for low yields and inefficiencies in agriculture in Pakistan, resulting in lower profit for farmers”. said Dr. Muhammad Waqar Akram, a lecturer in the Department of Farm…

Can Russia-Ukraine conflict facilitate Pakistan’s vegetable oil self-sufficiency?

by Jia Wei As Ukraine and Russia are the top two exporters of sunflower seed oil, the military conflict between them has led to sharp spikes in vegetable oil prices among food commodities. The FAO Vegetable Oil Price Index averaged…

Bridge the gap and get things done: Stories of CPEC’s Pioneer

by Liu Qiyu “Mr. Warraich, please sign here…” “Here’s a file for you…” People are constantly popping up in the office of Sufyan Ansar Warraich’s. He sits in the corner, directing missions with skill and ease. The phone on the…

Helsingin Sanomat: Finland ready to stop importing Russian gas in May

Finland’s Helsinki Daily News reported that the country’s government and companies are preparing to stop imports of natural gas from Russia in May. According to the newspaper, Gazprom has asked Finland’s state-owned gas company Gasum until May 20 to respond…

Economists on Russia’s Import Substitution Prospects

In an interview with Sputnik, the president of the Russian Academy of Economics said that it is impossible to predict which sectors of the Russian economy can quickly find substitutes for imported components in their own production and which sectors…

Bloomberg: EU to propose embargo on Russian oil by end of 2022

The European Union is ready to propose an embargo on Russian oil at the end of the year, Bloomberg said, citing information from sources. This comes after the New York Times cited information from sources that EU countries will probably…