Global Economic And Trade News

Iran: Parliament Passes SCO Membership Bill

Iran’s parliament passed the bill for Iran to become a member of the Shanghai Cooperation Organization (SCO) with a high vote on Nov. 27. A spokesman for the Iranian Parliament’s National Security and Foreign Policy Committee said the Iranian government would then need to approve relevant documents to pave the way for Iran to become a member of the SCO.
(Source: Xinhua)

Vietnam: Tuna export growth rate slows

The Vietnam Association of Aquatic Export and Processing (VASEP) said that the growth rate of Vietnam’s tuna exports slowed down due to inflation, with exports amounting to about 76 million U.S. dollars in November, an increase of only 4 percent compared to the same period in 2021, according to a recent report by the Vietnam Agricultural Newspaper. Countries such as the United States, Egypt, Mexico, the Philippines and Chile have seen varying degrees of decline in the volume of tuna imports from Vietnam.
(Source: Economic and Commercial Department of the Chinese Embassy in Vietnam)

Uzbekistan: Extending the period of zero tariff preferences for some imported food products

In order to protect the daily needs of residents, curb price increases and reduce the impact of inflation, President Mirziyoyev of Uzbekistan recently signed a presidential decree to extend the period of zero tariff preferences for 22 categories of imported food such as meat, fish, dairy products, fruits and vegetable oils until July 1, 2023, and to exempt imported wheat flour and rye flour from tariffs.
(Source: Economic and Commercial Section of the Chinese Embassy in Uzbekistan)

Singapore: Sustainable Trade Index ranks third in Asia-Pacific

The Lausanne School of Management and the Hanley Foundation recently released the Sustainable Trade Index report, which has three assessment indicators, namely economic, social and environmental, according to the Chinese version of the Union-Tribune. Singapore’s Sustainable Trade Index ranked third in the Asia-Pacific region and fifth in the world. Among these indicators, Singapore ranked second globally with 88.8 points for the economic indicator, just behind Hong Kong, China.
(Source: Economic and Commercial Section of the Chinese Embassy in Singapore)

Nepal: IMF asks country to revisit import ban

According to the Kathmandu Post, Nepal is still imposing import bans on cars, cell phones, alcohol and motorcycles, which will last until Dec. 15. The International Monetary Fund (IMF) says such bans do not have any positive impact on the economy and has asked Nepal to take other monetary measures to deal with its foreign exchange reserves as soon as possible. Nepal has begun a re-examination of the previous seven-month ban on imports.
(Source: Economic and Commercial Section of the Chinese Embassy in Nepal)

South Sudan: First energy and minerals chamber established

South Sudan recently established its first Chamber of Energy and Minerals (SSCEM), a non-governmental and non-profit body that advocates for the efficient use of the country’s natural resources, according to the Juba Echo. Most recently, the chamber has been actively involved in initiatives to support an increased local share of the oil sector and environmental audits.
(Source: Economic and Commercial Section, Chinese Embassy in South Sudan)

Post time: Nov-30-2022

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