Comparing external sales for the same periods from March to March to November 2021 and 2022 and for the same importers, Ukraine‘s total exports decreased 30.0%, while Russia‘s exports increased 15.6%, according to World Trade Organization (WTO) data. These aggregate figures hide substantial variation in responses between products
World GDP forecasts from the WTO and other organizations were revised downward following the outbreak of war in Ukraine last year. Below is a WTO summary of global growth and outlook, with international trade performance and the impact of the Ukraine-Russia war. Shortly before the outbreak of hostilities,
What steps is Swiss Customs taking to ensure that VAT application procedures for goods and services imported into Switzerland are as smooth as possible and that the required information is provided? All of the following is the Swiss government’s response to a question raised at the World Trade
In the United States, standards of identity establish a common name and set of content requirements for a food product. They refer to requirements that define the composition of food, prescribing both mandatory and optional ingredients in a product, and may specify the amount of each ingredient that
Coca-Cola FEMSA, the largest bottler of Coca-Cola products, increased its revenues by 16.4% and operating income by 12.5% in 2022 over 2021. As a result, the company‘s revenues totaled 226.74 billion dollars and its operating income totaled 30.838 billion pesos. The company produces and distributes beverages under The
Mexico, the United States and Canada agreed to create an «emergency response» subcommittee under the North American Competitiveness Committee of USMCA, according to a USTR statement. The USMCA Free Trade Commission directed the North American Competitiveness Committee to establish a Trilateral Coordination Subcommittee on Emergency Response (“Subcommittee”) to