Latest Visible trade News
EU agrees deal to ban products which fuel deforestation
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
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
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
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
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...
China trade down on weak global demand, virus curbs
BEIJING (AP) — China's trade shrank in October as global demand weakened and anti-virus controls weighed on domestic consumer spending. Exports declined 0.3% from a year earlier to $298.4 billion, down from September's 5.7% growth, the customs agency reported Monday. Imports fell...
