Total annual world maritime trade amounted to 11.5 billion tonnes and 1.5 tonnes per capita, reported the European Maritime Safety Agency. The global shipping industry is critical to international trade as it is a profitable and sustainable means of transporting large volumes of many essential commodities and finishes.
Canada applies new guidelines in attracting foreign investment, highlighted the Report on the State of Investments in Canada 2021, released by the State Department. The stock of Canadian direct investment abroad increased 4.2% to C $ 1 trillion 469.3 billion at the end of 2020. Meanwhile, the stock
Following an agreement with the State Bank of Vietnam, the USTR announced Friday that it will not impose tariffs on that country related to a Section 301 investigation into Vietnam‘s monetary practices. The official determination was made following an agreement between the Department of the Treasury and the
The Mexican Ministry of Economy gave its interpretation of how to implement the core piece, the central parts and the rules of origin of the USMCA. To begin with, the USMCA in its Appendix 4-B to Chapter 4 establishes new and more stringent rules of origin for automotive
World trade in commercial services remained sluggish in the first quarter of 2021, falling 9% year-on-year, after registering a 21% decline for the full year of 2020 due to continued weakness in travel services, according to data from the WTO. Unlike merchandise trade, commercial services trade has recovered
Alpek completed the acquisition of a state-of-the-art PET pelletizing and recycling plant in Pennsylvania, United States. With this, the company aligned itself with its long-term strategic pillar of “Fostering a Circular Economy”. This transaction reaffirms Alpek’s position as the largest PET recycler in America and will allow the