Production in most OECD countries has exceeded its level at the end of 2019 and is converging on its pre-pandemic path. But, according to that international body, lower-income economies, particularly those where vaccination rates are low, run the risk of being left behind. In these nations the unevenness
The Mexican Ministry of Economy reported that the sugar quota for exports to the United States totals 150,000 tons from October 1, 2021 to March 31, 2022. Since 2014, the sugar trade between the United States and Mexico is managed under Suspension Agreements between the two countries. Sugar
The Regional Comprehensive Economic Association (RCEP) will come into effect on January 1, 2022. Upon entry into force, the it will create the world’s largest trading bloc by economic size, according to an UNCTAD study released on December 15. RCEP includes 15 East Asian and Pacific nations of
Iron and steel led the dynamism of world trade in manufactured goods in the third quarter of 2021, reported the World Trade Organization (WTO). Overall and at a year-on-year rate, the volume of world merchandise trade fell 0.8% in the third quarter of 2021, In terms of its
The main reason for the decline in merchandise trade volume (-0.8%) in the third quarter was due to the weakness of forecasted imports in North America and Europe, the WTO reported. This resulted in a reduction in exports from those regions and also from Asia. In particular, Asian
The automotive industry continues to adopt advanced technologies for cellular connectivity and computing from mobile devices, according to the company Qualcomm. Based on analyst data, more than 70% of new vehicles sold in 2027 are projected to have built-in cellular connectivity, compared to 55% in 2020 (Strategy Analytics,