EVER GIVEN REFLOATED SUCCESSFULLY Ever Given refloated and Suez Canal is Open to Maritime Traffic. After 7 days of rescue efforts, Ever Given refloated. Also the Suez Canal is now open to traffic. Following the refloating attempts, the mega ship Ever Given refloated. Egypt’s Suez Canal Authority reported that the Read more…
CONTAINER SHIP RAN AGROUND IN SUEZ CANAL, BLOCKING THE TRAFFIC Container ship Ran Aground in Suez Canal, Closing the Canal Crossing to Traffic. Container ship ran aground in Suez Canal, which is an incident disrupting the world trade. The container ship “Ever Given” was en route to the Port of Read more…
TURKEY EXPORTS BOLTS AND SCREWS TO 177 COUNTRIES Turkey widens its goal of exports in sector for fasteners in which it is European third. The goal of the sector is to reach 1.5 billion USD by 2023. Additionally, Turkey exports to 177 countries and completing the year with 500 million Read more…
GERMANY’S FOREIGN TRADE SURPLUS DECREASED THIS MONTH Germany’s foreign trade data have updates for this month. Seasonally and calendar adjusted exports of the country increased by 0.7 percent in October. Comparison to the previous month brings out this data. This is due to the Chinese and European Union trade disputes Read more…
THE FINAL DATE FOR CUSTOMS DUTIES IN THE TRADE WAR WAS DETERMINED US Trade Representative Robert Lighthizer said the US would raise customs duties on Chinese products. Last date for trade negotiations with China to reach a point is March 1st. US Trade Representative Robert Lighthizer said the US would Read more…
GERMANY DONATES EUR 150.000 TO DEVELOPING COUNTRIES Germany Donates EUR 150.000 for Supporting Developing Countries to Take Place in Agricultural Export Markets. The goal is to help developing countries provide the conformities with international food safety, health standards for plant and animal health. So the donation will help poorer economies. Read more…
WTO MEMBERS APPROVED ROADMAP FOR REDUCING TECHNICAL TRADE BARRIERS Members of the World Trade Organization held an important step in the Committee meeting on Technical Trade Barriers in November 14-15. The consensus was that the World Trade Organization should implement a series of measures. Because the goal is to support Read more…
60 PERCENT OF TURKEY’S TRADE DEFICIT FROM 3 COUNTRIES US President Donald Trump had been following a protectionist policy in trade. So this has turned eyes into countries’ foreign trade deficit and trade balances. Last year, about 60 percent of the $76.7 billion foreign trade deficit of Turkey, came up Read more…
TRADE DATA ON IMPORTS AND EXPORTS OF USA AND RUSSIA Trade data of foreign trade deficit in the US rose to the highest level of the last 6-months. Because the country’s foreign trade deficit amounted 53.2 billion dollars. In August compared to the previous month it increased by 6.4 percent. Read more…
Turkish Products Introduced in China Turkish products are introduced in China Import Fair. Turkey has participated the fair in Shanghai on 5-10 November 2018. 38 firms have participated to the fair in the 725-square-meter booth. So they exhibited their products in order to increase Turkey’s exports to China. The Aegean Read more…