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Brief Analysis on the World Economic Forum’s 2016: Industry 4.0

Last week WTCD covered some relevant economic topics discussed at the World Economic Forum Annual Meeting held at Davos two weeks ago. This entry is the last post of the series, introducing Revolution 4.0. This term is becoming a widespread concept but still unknown to many of us. The New Digital Transformation Technological breakthroughs are Read more about Brief Analysis on the World Economic Forum’s 2016: Industry 4.0[…]

Brazil, Uruguay move away from US dollar in trade

Brazil and Uruguay have switched to settling bilateral trade with local currency to stimulate turnover, bypassing the US dollar. Payments in the Brazilian real and Uruguayan peso started on Monday. The agreement was signed on November 2 by the head of Brazilian Central Bank Alexandro Tombini and his Uruguayan counterpart Alberto Grana. Both countries believe Read more about Brazil, Uruguay move away from US dollar in trade[…]

Small Business Column: The best export destinations for Irish firms

In this week’s column, Kehlan looks at the best countries to export to and why you should be looking at them to grow your business Over the past number of years Irish SMEs have learnt the Irish market simply isn’t big enough to rely on for growth. Mentions of the US and China come as Read more about Small Business Column: The best export destinations for Irish firms[…]

EU-US deal could benefit dairy trade, says Bruton

The trade deal between the European Union and the United States could offer valuable market opportunities for the Irish dairy industry, Minister for Trade Richard Bruton has said, following a meeting of EU trade ministers in Brussels. Pointing out that the recent trade agreement between the EU and Canada had brought benefits for the Irish dairy and Read more about EU-US deal could benefit dairy trade, says Bruton[…]

Why isn’t the government being held to account on the China free trade deal?

Written by Greg Jericho If you want to see a government being held to account, you should plug your ears when you hear talk about the benefits of the China-Australia free trade agreement. Based on old, irrelevant modelling, the benefits of the agreement have been taken by too many in the media as given, rather than Read more about Why isn’t the government being held to account on the China free trade deal?[…]

Japan records smallest trade gap since June ’13

Finally, some good news for Japan: the country’s trade deficit was considerably slimmer than anticipated as exports rose at their fastest pace in eight months. The trade deficit came in at Y710bn in October, the smallest shortfall since June 2013 and down 26 per cent from Y961bn a month before. Analysts had expected the trade Read more about Japan records smallest trade gap since June ’13[…]

Euro zone trade surplus jumps in September on stronger exports

A surge in exports boosted the euro zone trade surplus in September to more than double the previous month’s value, pointing to a positive contribution from trade to the euro zone’s economic growth in the third quarter. The European Union’s statistics office said that the unadjusted external trade surplus of the 18 countries sharing the Read more about Euro zone trade surplus jumps in September on stronger exports[…]

North Korean official visits Russia to discuss trade and political ties

A special envoy of North Korean leader Kim Jong Un left Pyongyang today for Russia to discuss ways to improve trade and political ties. Choe Ryong Hae, a senior official in the ruling Workers’ Party and one of the leader’s close associates, is scheduled to stay in Russia until next Monday. Russia’s foreign ministry has Read more about North Korean official visits Russia to discuss trade and political ties[…]

China says FTA with South Korea may be effective in 2015

(Reuters) – A free trade agreement between China and South Korea should be effective in the second-half of next year if all goes well, a top commerce ministry official said on Monday, ending negotiations that started in 2012. The Chinese and South Korean governments said last week that they had “effectively” reached a free trade agreement that would remove Read more about China says FTA with South Korea may be effective in 2015[…]

Australia, China deepen ties with landmark free trade deal

Written by Matt Siegel (Reuters) – China and Australia on Monday sealed a landmark free trade agreement more than a decade in the making, significantly expanding ties between the world’s second largest economy and one of Washington’s closest allies in Asia. The deal, which Australia called the best ever between Beijing and a Western country, will open up Chinese markets to Australian farm Read more about Australia, China deepen ties with landmark free trade deal[…]