Trade

China to impose additional tariffs on U.S. products worth 60 billion USD

China announced on Tuesday it will impose additional tariffs on U.S. products worth 60 billion U.S. dollars starting from Sept. 24 in response to the newly announced U.S. tariffs on Chinese goods. The Customs Tariff Commission of the State Council unveiled lists of 3,571 items of U.S. products to...

Wednesday, September 19, 2018 - 9:01pm

South Sudan hopes peace will boost foreign trade

A recently signed peace deal provides opportunities for war-torn South Sudan to attract more trading partners and boost its presence in the global trade arena, a senior official government official said on Monday. Stephen Doctor Matatia, director general of External Trade in the Ministry of Trade...

Wednesday, September 19, 2018 - 8:59pm

The global trade system could break down

WASHINGTON, DC – Ten years after the failure of Lehman Brothers, we know that multilateral action was crucial in preventing the so-called Great Recession from becoming even worse than it was. Back then, it was the global financial system that was tottering. Today, it is the global trade...

Wednesday, September 19, 2018 - 12:06am

UK committed to boosting trade ties as Brexit deadline looms – Jo Lomas

The United Kingdom (UK) has committed to boosting its trade relations with Rwanda and other African countries as the deadline for Brexit looms, Jo Lomas, the UK High Commissioner to Rwanda has said. Lomas was addressing the media in Kigali on UK’s plans about its relationship with Africa...

Saturday, September 8, 2018 - 12:44am

Indian Government approves trade cooperation framework with Rwanda

The Indian government on Wednesday approved a trade cooperation framework between the Asian nation and Rwanda to facilitate better economic relations between the two countries. The framework was signed on July 23 this year during Prime Minister Narendra Modi’s visit to Rwanda. “The...

Friday, August 31, 2018 - 8:34am

Rwanda exports rise as trade deficit narrows

Rwanda’s exports accelerated in the first half of this year, driven by Government’s efforts to support the Made-in-Rwanda agenda as well as good performance of non-traditional exports, helping to bridge the country’s trade deficit. National Bank of Rwanda statistics, which were...

Friday, August 31, 2018 - 8:26am

WTO chief calls for action to safeguard global trade order

Global trade is under threat and whether or not the current situation is a trade war, the first shots have been fired and this calls for action, Director General of the World Trade Organization (WTO) Roberto Azevedo has said. WTO data showed a marked escalation of trade restrictive measures over...

Thursday, August 30, 2018 - 9:39am

Bralirwa registers Rwf 2.1bn profit in first half of 2018

Leading brewer, Bralirwa Plc has registered a profit of Rwf2.1b in the first half of 2018.   The profits stem from revenues of Rwf45.4b in the first half of 2018 which is a 9.7 per cent improvement compared to Rwf 41.3b from the first half of 2017, it said in a statement.   The firm,...

Monday, August 13, 2018 - 10:40pm

Trade war threatens reign of luxury stocks

An escalating trade war between the United States and China could abruptly end a glittering stock market run for luxury goods firms, with some investors already put off by lofty valuations in a sector powered by shoppers in the two countries. From pricey handbags to designer shoes, booming sales...

Saturday, August 11, 2018 - 1:22am

The need for a global patent market

NEW YORK – If developed and developing countries’ national patent systems were integrated into the trade system, the result would be greater specialization among inventors and, with it, faster technological innovation and productivity growth. Yet under current arrangements, World Trade...

Monday, August 6, 2018 - 10:50pm

COMESA to set up team on digital free trade area

The Common Market for Eastern and Southern Africa (Comesa) plans to set up a team to oversee the implementation of the Digital Free Trade Area (DFTA). The DFTA is an online platform for trade facilitation comprising three segments, namely electronic trade (e-trade,) e-logistics, and e-legislation...

Friday, July 27, 2018 - 10:41pm

Four things you should know about Expo 2018

The 21st Rwanda International Trade Fair (RITF), commonly known as Expo, is slated to open today at the Gikondo Expo Ground in Kigali. Stephen Ruzibiza, the chief executive of Private Sector Federation (PSF), said there are several new aspects in this year’s edition, including fees...

Thursday, July 26, 2018 - 12:09am

Africa-India trade records 10-fold growth, report shows

Trade between Africa and India rose more than 10-fold between 2001 and 2014, making India Africa’s fourth-largest national trading partner. This is according to a new report jointly produced by the African Export-Import Bank (Afreximbank) and Exim Bank of India (Exim India). The report,...

Wednesday, July 25, 2018 - 5:18am

Chinese investment boosts Africa’s sustainable development

Statistics provide strong evidence that it’s groundless to say China is “pillaging” Africa and increasing debt burden in the region, according to Liu Qinghai, a Chinese expert who has been engaged in the research on China’s investment to Africa and African economy for many...

Friday, July 20, 2018 - 10:42am

China-Africa cooperation is mutually beneficial

The cooperation between Africa and China is a great success in international cooperation. As the traditional friendship between China and Africa becomes stronger and stronger, there is all indication that China-Africa cooperation shall be more forward-looking. This cooperation is widely regarded...

Thursday, July 19, 2018 - 3:49pm

Global oil prices drop

Oil market has been closely watching the trade dispute between the United States and China, the extent of the potential sanctions on Iran and the supply status of Libya for the week ending July 13. Especially, the market weighed concerns over resurgent Libyan supply. Oil prices fell sharply on...

Monday, July 16, 2018 - 11:02am

U.S. trade unilateralism hurts American farmers

Matt Flikkema heard the bad news on the way to his farm Wednesday morning. “I was listening to the Great Falls (Montana) radio station, and they said wheat had dropped 17 cents a bushel,” Flikkema said. “Not good,” the life-long farmer said. Flikkema’s 800-acre (323...

Saturday, July 14, 2018 - 12:04am

Nigeria to sign up to Africa Free Trade Pact

President Muhammadu Buhari of Nigeria has revealed his country will soon sign up to the African Continental Free Trade Area (AfCTA). So far, 49 countries in Africa have put pen to paper on the agreement.  Buhari made the announcement during a press conference alongside South...

Thursday, July 12, 2018 - 2:30pm

US-China tariffs take effect in deepening trade row

US tariffs on $34 billion in Chinese imports took effect as a deadline passed on Friday, and with Beijing having vowed to respond immediately in kind, the world’s two biggest economies took a high-stakes turn toward all-out trade conflict. China’s commerce ministry said in a statement...

Friday, July 6, 2018 - 8:00pm

Trump undermines himself on trade

WASHINGTON, DC – US President Donald Trump recently launched a tirade against Harley-Davidson, the iconic American manufacturer of motorcycles. The cause of his outburst – accompanied by threats to impose taxes “like never before” on the company – was the news that...

Friday, June 29, 2018 - 8:06pm