International commodities fall back before Russia-Ukraine conflict

International Business News – The decline in international commodities such as crude oil and metals is becoming evident. The Refinitiv Core Commodity CRB index, which shows volatility in composite prices, has fallen to levels seen before Russia’s attack on Ukraine…

ITMF: Global textile operation and expectations are turning negative

International Business News – According to the 15th survey report conducted by the International Textile Federation (ITMF), the global textile industry turned negative in July this year, with the Asian textile industry running worse than other regions, and the only…

China removes tariffs on 98% of goods from 16 countries

International Business News – The website of the South China Morning Post reported on September 5 that China has removed tariffs on 98% of goods imported from 16 least developed countries, most of which are African countries. According to reports,…

Intraregional trade in Africa revisited

International Business News – On January 1, 2021, the African Continental Free Trade Area was officially launched. According to the plan, tariffs on 97% of goods between African countries will be phased out by 2034. It is widely expected that…

Ethiopia says willing to use any mechanism to trade with Russia

International Business News  –  Ethiopian Ambassador to Russia Alemayehu Tegenu said that Ethiopia is willing to use any mechanism to conduct trade with Russia, including the gradual use of bank cards in Russia’s MIR payment system. When asked about the…

Cuba allows foreign investment in the domestic trade market for the first time

International Business News  –  The Cuban government plans to allow some foreign investment in local wholesale and retail trade for the first time since Fidel Castro led the Cuban Revolution to victory in 1959, the report said. Ana Teresita Gonzalez,…

Lin Wanfeng encouraged to make good use of RCEP to explore business opportunities

International Business News  –  Datuk Lim Wan Feng, Deputy Minister of International Trade and Industry of Malaysia, said that the combined advantages of the Regional Comprehensive Economic Partnership (RCEP), the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and the Dual Cycle…

Piraeus port in Greece becomes an important gateway for China-Europe trade and economy

International Business News  –  In 2022, China and Greece will celebrate their 50th anniversary hand in hand. One country is the cradle of Eastern civilization and the other is the birthplace of Western civilization. The intersection of the two is…

Important progress has been made in many areas of the African Free Trade Area

International Business News  –  At the recently concluded 4th African Union (AU) Mid-Year Coordination Meeting, the 13 African heads of state or government attending the meeting called on member states to further promote the construction of the African Continental Free…

China-Europe Railway Express Witnesses the Vitality of the Belt and Road Initiative

International Business News  –  Data from China National Railway Group shows that in the past July, the China-Europe train, known as the “steel camel team”, made 1,517 trains and sent 149,000 TEUs of goods, an increase of 11% and 12%…