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Tag Archives: trade

With US absent, world’s exporters turn attention to China

Shanghai, China | AFP | There is a notable no-show among the dozens of national pavilions at Shanghai’s massive import fair — the United States — a metaphor for isolationist Trump policies that attendees say are pushing them closer to China. The China International Import Expo opened Monday with thousands …

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Japan’s Abe to make rare China visit as relations thaw

Beijing, China | AFP | Japan’s Shinzo Abe is due to arrive in China Thursday, the first visit to the Asian giant by a Japanese prime minister since relations between the two countries soured six years ago over a territorial row. Abe and Chinese president Xi Jinping are expected to …

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US-China trade war sparks IMF global growth cut warning

Bali, Indonesia | AFP | The US-China trade war will hobble global growth, the International Monetary Fund warned Tuesday, cutting its forecast for this year and next and predicting that “everyone is going to suffer” from a clash between the world’s two biggest economies. At a meeting on the Indonesian …

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COMMENT: The real problem with free trade

It is that free trade has enabled a few predatory multinational companies to secure monopolies COMMENT | JAYATI GHOSH | For most critics of globalisation, trade is the villain, responsible for deepening inequality and rising economic insecurity among workers. This is the logic driving support for U.S. President Donald Trump’s escalating …

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Africa-India trade decline to US$55bn-Report

Uganda plans to intensify relations in trade, tourism and investment Kampala, Uganda | JULIUS BUSINGE | Trade between Africa and India has recorded a 30% decline in volume from US$78billion in 2014 to about $55 billion in 2017 citing a tough economic environment. However, this was more than seven times higher …

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Nigeria, China in currency swap

Nigeria, China in currency swap Kampala, Uganda | THE INDEPENDENT | In a signing ceremony that took place in Beijing China, the Central Bank of Nigeria and the Peoples Bank of China agreed to a currency swap worth $2.5billion to make trade between the two countries easy. International reports say the move …

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Prof Mulengani to Ugandans: Up your competitiveness

Kampala, Uganda | THE INDEPENDENT | Renowned management scholar, Prof. Allan Katwalo Mulengani, says Ugandans have to up their competitiveness in the marketplace or else they will be overrun by foreign interests. Mulengani, the Director of Nairobi-based Abacus Business School, was speaking at a business banking breakfast meeting organized by …

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