News

Getting regional trade right in Central Asia

The Economic Cooperation Organization (ECO) was founded in 1985 to provide members with a platform to discuss ways to improve development as well as promote trade and investment opportunities. Around 462 million people — 6.2 per cent of the world’s population — live within the 10 member states of Afghanistan, Azerbaijan, Iran, Kazakhstan, Kyrgyz Republic, Pakistan, Tajikistan, Turkey, Turkmenistan and Uzbekistan. But at a time when the world trading system is moving towards regional economic integration, ECO remains one of the least integrated trade organisations in the world, making up only 2.1 per cent of world trade.

  • Vietnam, Brunei develop trade relations

    The presence of the Sultan of Brunei at the Asia-Pacific Economic Cooperation (APEC) Summit in November in Vietnam is expected to help tighten bilateral relations and bolster two-way trade towards the target of US$500 million by 2025.

  • Switzerland, UK Begin Free Trade Talks

    Talks on the post-Brexit relationship between Switzerland and the UK are underway, according to the Swiss Federal Council.

  • African Trade and Integration in a Post-Brexit World

    After more than four decades of trade being governed by EU policies, Brexit means UK-Africa trading relations are now at a crossroads.

  • Mexico Ready to Play the Corn Card in Trade Talks

    From the hundreds of millions of tortillas consumed every year to the countless tons of corn-enriched feed that fattens livestock and poultry, corn is perhaps Mexico’s most important agricultural commodity, one at the center of its life and culture.

  • World trade in services: evidence from a new dataset

    Using a newly constructed dataset on trade in services for 192 countries from 1970 to 2014, this IMF Working Paper shows that services currently constitute one-fourth of world trade and an increasingly important component of global production.

  • Italy says Europe and U.S. should avoid 'dangerous' trade clash

    Trade disputes between the United States and Europe would hurt economic growth and global governance at a time when the West needs to show a unified front against unfair trade practices, Italy's industry minister said on Friday.

  • Ghana: Governments must take bold steps to promote trade

    The Chief Executive Officer of the Ghana Shippers’ Authority (GSA), Dr Kofi Mbiah, has asked governments of the West African sub-region to take bold steps to promote economic integration among member states by removing barriers affecting trade facilitation

  • EU offers Brexit trade talks, sets tough transition terms

    The European Union offered Britain talks this year on a future free trade pact but made clear in negotiating guidelines issued on Friday that London must first agree to EU demands on the terms of Brexit.