With a strong commitment to environmental stewardship and sustainable development, the European Union (EU) is taking daring strides to reform global agricultural trade practices. Leveraging its substantial influence in the trade arena, the EU plans to promote sustainability throughout its supply chains, mainly focusing on critical imports such as soybeans, palm oil, coffee, and cocoa.

Exporters should further strengthen trade connections and improve the quality of their goods to sustain export growth to China as this is no longer a "lenient" market, said insiders.

The Business Confidence Index (BCI) according to a survey by the European Business Association in Vietnam (EuroCham) reached 52.8 in the first quarter of 2024 - the highest level since 2022, showing increasing confidence in Vietnam's European business community.

For Asian regions, FTAs are game changers for expanding trade liberalisation through managing the global supply chain and cost burden for import-export. Apart from relaxing tariffs, it offers viable solutions to resolve behind-the-border barriers like temporary trade restrictions, goods shortages, and port closures. So, leveraging Free Trade Agreements FTAs across Asian boundaries ensures the smooth distribution of goods and services and attracts global investments.

The price of coffee continues increasing from October 2023 while paradoxically, high prices cause the Vietnamese coffee industry to face many difficulties and challenges.

The two sides had an in-depth exchange of views on issues of concern to each other

Philippe Lamberts warns far-right gains in elections could destroy plan to protect nature and biodiversity

The European Parliament voted on April 23 to endorse the extension of temporary trade liberalisation measures for Ukraine, in a move billed as also protecting EU farmers.

A flurry of US trade actions targeting China point to a looming intensification of the US-China trade war and raise questions over whether the relationship is moving towards more stable ground, as officials have recently asserted.

Prime Minister Pham Minh Chinh on April 23 proposed breakthrough orientations to make ASEAN a model in digital transformation globally, while co-chairing a business roundtable with his Lao counterpart Sonexay Siphandone in Hanoi.