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...

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...

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...