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A fully functional WTO would suit our interests Premium Share Via Read Full Story In 2012, a retired professor named Kamene Okonjo got kidnapped in Nigeria. As ransom, the abductors wanted her daughter Ngozi Okonjo-Iweala to resign as their country’s finance minister for having cracked down on a fuel-subsidy scam. She secured her mother’s release alright, but did not back down. She will need that tenacity. This week, the World Trade Organization (WTO) chose Okonjo-Iweala as its director-general for a four-year term by a consensus among its 164 members, as required for all its major decisions. This need underscores the immensity of the challenge that confronts her: a world more divided over trade than any period since World War II. As Roberto Azevêdo’s successor, she will have much going for her once she assumes office. She has dual US-Nigerian citizenship, had a long stint as a World Bank economist, and will be the first woman to lead the WTO. Crucially, she ....
It is official, the U.S./China Phase One trade deal has fallen short, but despite the missed target, 2020 was still a record year for ag exports. An economist with AFBF discusses the data. ....
Share this article Share this article ResearchAndMarkets.com s offering. The market is expected to reach $3,006.6 million by 2030, from $1,385.6 million in 2019 at a healthy 13.3% CAGR between 2020 and 2030. The Indian gensets market has witnessed a slump in its growth rate during the COVID-19 crisis, as a result of the nationwide lockdown implemented to stop the virus from spreading. Subsequently, a large number of manufacturing plants and commercial complexes have shut down, while construction activities have stopped due to laborers heading back home. Even the Indian Railways has suspended its passenger services, which has further led to a reduced demand for gensets. Historically, the above-15 kVA category has held the largest share in the Indian gensets market, based on power rating. Commercial complexes, residential facilities, restaurants, small industrial units, and telecom towers widely deploy these gensets to meet their auxiliary electricity demands. A ....
Share this article Share this article ResearchAndMarkets.com s offering. The industrial gases market valued $92,392.4 million in 2019, and it is set to grow at a CAGR of 5.5% during the forecast period of 2020-2030, to reach $154,079.5 million by 2030. The increase in the revenue can be attributed to the diversified application of gases in industries, numerous government initiatives to shift toward alternative energy sources, and development of the healthcare infrastructure. Additionally, the prosperity of the food processing industry will contribute to the market growth in the future. In the food and beverage industry, gases find application in the production of decaffeinated coffee and carbonating beer and soft drinks. Apart from the food processing sector, gases are widely used in sectors such as electronics, healthcare, chemicals, heavy metal, and petroleum. For instance, the heavy metal industry employs acetylene for the oxy-acetylene flame to cut and weld met ....
BusinessWorld December 14, 2020 | 12:03 am FOOD MANUFACTURER Universal Robina Corp. (URC) was recognized by the Department of Trade and Industry (DTI) as the country’s top exporter for the processed food and beverage sector. In a statement, the Gokongwei-led company said it was selected by DTI as the leading exporter for the said sector during the National Export Congress held on Dec. 3. URC said the recognition as top exporter was based on 2019 data from the Philippine Statistics Authority (PSA) that showed the value of its export transactions. “The company’s export transactions reached approximately $30 million that year,” URC said. Brian M. Go, URC Vice President for Global Exports and Frontier Markets, said exporters are still pushing forward despite the effects of the coronavirus disease 2019 (COVID-19) pandemic to local and global trade. ....