Latest Visible trade News

EU agrees deal to ban products which fuel deforestation

Dec. 06, 2022 07:30 AM EST

BRUSSELS (AP) — European Union lawmakers and governments reached a deal Tuesday that would ban the import of products which contribute to deforestation around the world. The preliminary agreement, which still needs to be formally adopted by the EU parliament, requires companies to...

Dominican sugar imports tied to forced labor rejected by US

Nov. 23, 2022 11:57 AM EST

SAN JUAN, Puerto Rico (AP) — The U.S. government announced Wednesday that it will detain all imports of sugar and related products made in the Dominican Republic by Central Romana Corporation, Ltd. amid allegations that it uses forced labor. A U.S. Customs and Border Protection...

Bulgaria to let Russian oil refinery export despite EU ban

Nov. 22, 2022 08:06 AM EST

SOFIA, Bulgaria (AP) — Bulgaria will allow a Black Sea refinery owned by a Russian oil company to keep operating and exporting oil products to the European Union until the end of 2024 despite warnings by Brussels that it is against the bloc’s sanctions. The deal between Bulgaria...

Japan racks up trade deficit as exports, imports hit records

Nov. 16, 2022 20:31 PM EST

TOKYO (AP) — Japan marked a trade deficit for the 15th month in a row in October, as both imports and exports reached record highs amid the soaring costs of energy and food and a drooping yen. The deficit, at 2.16 trillion yen ($15 billion), was the highest for the month of...

Thai crocodile farmers want trade restrictions relaxed

Nov. 12, 2022 00:17 AM EST

SRI RACHA, Thailand (AP) — Crocodile farmers in Thailand are suggesting a novel approach to saving the country’s dwindling number of endangered wild crocodiles. They want to relax regulations on cross-border trade of the reptiles and their parts to boost demand for products made from ones...