The Democratic Republic of the Congo has joined the East African Community (EAC), increasing the power of this free trade bloc to about a quarter of the African continent’s population and giving it access to the Atlantic Ocean, according to Bloomberg. The country with the largest mineral wealth became the seventh member of the EAC, […]
Tag: Trade
V. Korkidis: Trade is in danger from the energy crisis and needs support
The European trade organization, EuroCommerce, has called for trade to be urgently classified by EU policymakers as a high-energy sector, allowing companies facing high energy prices to gain access to state aid. As the President of the Piraeus Chamber of Commerce and Industry, Vassilis Korkidis, stated to the Board of Directors of EuroCommerce, regarding the […]
Britain and Canada begin talks on a new free trade agreement
Britain and Canada begin talks on a new free trade agreement today as the British trade minister met with her Canadian counterpart to try to deepen the two countries’ already $ 25 billion economic ties, the report said. Reuters. “There is tremendous potential for strengthening and growing trade between our two countries,” said British Commerce […]
Eurobank: Trade, transport, tourism and industry the pillars of the 2021 recovery
From which sectors of the economy did the recovery of economic activity in Greece in 2021 come? Which industries exceeded pre-pandemic levels in terms of gross value added in 2021? How did labor productivity move during the two years of the health crisis? In this issue of the bulletin 7 Days Economy Eurobank answers the […]
Regulation-antidote to shortages with fines up to 100,000 euros for food businesses
By George Lampiris The obligation to declare the quantities of the goods that move through a special subsection that operates for this purpose, the access to which is made through the platform gov.gr, have the companies that deal with the production chain, the import, the trade, the sale and wider food handling in Greece. This […]
Transatlantic Economy 2022: The US and Europe remain the most important markets for each other
Despite the pandemic, inflationary pressures, supply chain pressures and the war in Ukraine, the US and Europe are expected to show steady economic growth in 2022. According to estimates for 2021, last year was a year that ” broke records ”in many areas, as reported on the occasion of the presentation of the annual report” […]
How the Russia-Ukraine war could affect China’s trade
China’s trade surplus soared to a record high during the pandemic as people began consuming more goods than before, but analysts say the Russia-Ukraine war is about to change that. The Asian manufacturing giant’s trade surplus could fall to $ 238 billion this year, about 35 percent of the $ 676 billion high reached last […]
Reuters: War in Ukraine could lead to emergence of a new Sino-Russian trade bloc
China’s stance on Russia’s war on Ukraine in the coming months will reshape global money and trade flows, possibly leading to the emergence of new economic spheres, investors say. According to Reuters, last month, shortly before Russian President Vladimir Putin sent troops to Ukraine, he and Chinese President Xi Jinping spoke in Beijing of a […]
US: Parliament votes to oust Russia’s ‘privileged trading partner’ status
The US House of Representatives, lower house of Congress, voted almost unanimously to downgrade the country’s trade relations with Russia, stripping Moscow of its “privileged trading partner” status, in a move that would allow Washington to significantly increase tariffs on imports of Russian products. The bill passed with 424 votes in favor and 8 against […]
Britain: Brexit has made trade more expensive, according to a parliamentary committee
Britain’s exit from the European Union has so far made trade much more expensive due to delays and bureaucracy, and there may be further border problems as passenger traffic recovers after the COVID pandemic, the Public Accounts Committee announced today. Proponents of her case have been working to make the actual transcript of this statement […]