South Korea and Turkey on Tuesday checked the outcome of their free trade agreement that went into effect nine years ago and discussed ways to further deepen trade and investment ties within the framework, Seoul's industry ministry said.

Businesses in Vietnam are facing new challenges brought by the Russia – Ukraine conflict in addition to lingering COVID-19 problems.

Trade relations between Vietnam and Mexico have been developing positively in recent times, with a trade surplus of more than US$4 billion produced by Vietnam.

British investment in the Vietnamese market is enjoying an increase following the UK’s withdrawal from the EU and the UK-Vietnam Free Trade Agreement (UKVFTA) coming into force, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

Viet Nam is targeting US$20 billion in total timber exports by 2025, an increase of more than $9 billion compared to now.

The United States and Britain ended a four-year dispute over U.S. steel and aluminum tariffs on Tuesday, pledging to work together to counter China in a deal that also removes retaliatory tariffs from U.S. motorcycles, whiskey and other products.

The EVFTA since its inception on August 1, 2020, has contributed to raising bilateral trade turnover to $57 billion in 2021.

The Ukraine war has major economic consequences for energy, food, inflation and poverty, according to the European Bank for Reconstruction and Development (EBRD).

Despite difficulties caused by the complicated development of the COVID-19 pandemic, trade relations between Vietnam and the UK still achieved good growth during the first year of the implementation of the free trade agreement between the two countries (UKVFTA).

Vietnamese rice exports have been increasing significantly in the first months of 2022, signalling a favourable year for the country’s produce.