trade

Turkey-China commerce moves forward despite Covid

Turkey and China have managed to further develop and diversify their growing trade relationship despite the COVID-19 pandemic as they celebrate the 50th anniversary of diplomatic ties this year. The two countries established diplomatic relations in 1971, and since then, their ties have intensified on political, cultural, and economic levels

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Turkey-Azerbaijan trade to reach $15B

An increase in the mutual investments and commissioning of a free trade agreement (FTA) could easily pave the way for Turkey and Azerbaijan to reach as much as $15 billion (TL 121 billion) in bilateral trade volume, Turkey’s Trade Minister Ruhsar Pekcan said Friday. Pekcan's remarks came as she and the accompanying delegation arrived in Baku to meet with Azerbaijani officials and hold talks on bilateral relations, Daily Sabah writes

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China overtakes U.S. as Europe’s main trading partner

China dethroned the U.S. last year to become Europe’s top trading partner for the first time, data from the European statistics office has shown, CNBC informs. European Union exports to China grew by 2.2% last year and imports rose by 5.6%. In comparison, exports to the U.S. dropped by 8.2% and imports fell by 13.2%. The latest figures, released Monday by Eurostat, showed that China now has an even bigger role in how European economies perform

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Price of nationalism: Turkish goods disappear from Armenian stores

Following Ankara’s strong backing of Azerbaijan in the recent war, Yerevan is banning many Turkish goods. Outside the Mavi clothing store in Yerevan, a giant sign reads: “70 percent liquidation!” Stocks are running low, an employee told Eurasianet, as the store gets ready to close its doors. On December 31, a ban on Turkish imported goods goes into effect in Armenia. And that includes the Mavi shop, an outpost of the global Turkish fast-fashion chain

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Armenia bans import of Turkish goods in 2021

Armenia will ban the import of Turkish goods for six months from January next year due to Ankara's position on the Nagorno-Karabakh conflict, the Armenian Economy Ministry said. The decision will take effect on December 31, …

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Trump decides to terminate China trade deal

U.S. President Donald Trump decided to terminate the China trade deal amid growing conviction of intelligence officials that the coronavirus pandemic originated in a Wuhan lab, White House trade adviser Peter Navarro said. …

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China approves imports of live poultry from U.S.

China has approved the import of all poultry products from the United States, the Ministry of Agriculture and Rural Affairs said on its website, including breeding birds in addition to poultry meat approved late last year. Beijing …

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China to promote Georgian tea and tobacco

Georgia and China has signed a memorandum which aims popularizing Georgian tobacco and tea, supporting business in Georgia’s Adjara. "Free Trade Agreement between the governments of Georgia and China enables the …

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U.S.-China trade war to be over soon?

China and the United States have agreed to lift tariffs on each other’s goods in phases, Bloomberg reported citing Chinese commerce ministry spokesman Gao Feng. According to The Wall Street Journal, the stage-one …

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EU ready to resist U.S. trade policy?

European Union officials have drawn up an aggressive 173-page plan to counter both U.S. President Donald Trump’s trade moves and American tech giants including Google, Apple, Amazon, Microsoft and Facebook. …

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