India and Australia can combine complementary skills and expertise to develop new innovations by leveraging Australian expertise with Indian expertise including in data analytics, biotech, and mobile applications

A new report says about 55 percent of foreign direct investment (FDI) businesses in Vietnam recorded losses, of VND131.4 trillion ($5.72 billion), last year.

Compounding the human and health costs, the COVID-19 pandemic has hit Russia’s economy hard, with the economy expected to contract by 4 percent in 2020 before returning to growth between 2 and 3 percent in the following two years.

China has banned timber imports from two more Australian states due to pests, meaning the trade has now been cut from six of the country’s seven states as the conflict between the two trading partners continued.

The free-trade pact would help both sides avoid tariffs, but Britain would still face economic costs from being outside the European Union.

Vietnam is working hard to build a stable and transparent investment and business environment, thus becoming a destination for international human and capital resources, so it would be unreasonable for the country to devaluate its currency, experts have said.

Vietnam’s trade performance continues to stay positive with the trade turnover as of December 15 rising by 4.5% year-on-year, or US$22 billion to $515.27 billion.

Upon the UK’s exit from the European Union in January 2020, it entered into an 11-month transition period ending on 31 December 2020. In readiness for this window coming to a close, the UK has been actively seeking trade deals in order to secure its new trading position.

2020 began with hope of a fragile truce in the US-China trade war.

Nearly one year after the U.S. and China signed the “phase one” trade agreement, Beijing is still far from meeting its committed purchases of American goods, data compiled by the Peterson Institute for International Economics showed.