Russian gas exports to the European Union dropped significantly, and in the last week of June 2022 stood at 35% of their previous year’s level, a report released by the European Central Bank (ECB) indicated. Around the turn of the year, Russian gas flows through pipelines running through
At least 42% of the railcars and intermodal units carried by railroads in the United States are directly related to international trade, according to the Association of American Railroads (AAR). The AAR is an industry group that primarily represents the major freight railroads in North America (Canada, Mexico
French credit insurer Coface projected «dark clouds» in the world economy in 2023 and has downgraded the country risk assessment of 16 countries on the European continent. This downgrade includes the major economies -with the exception of Italy, which was already rated at A4, the highest risk level
The African Continental Free Trade Area (AfCFTA) is currently supported by the United States, China and the European Union. What is the AfCFTA? A framework agreement signed by 54 of the 55 members of the African Union (AU) that aims to remove barriers to intra-African trade and investment
The World Trade Organization (WTO) identified 75 services-related trade sanctions adopted in the context of the war in Ukraine. These sanctions were imposed by 39 WTO Members from mid-October 2021 to mid-May 2022 and relate to services and trade in services. Approximately 20% of these sanctions relate to
China and Vietnam ranked as the largest exporters of footwear to the U.S. market in 2021, according to data from the U.S. International Trade Commission (USITC). Overall, the U.S. footwear market is supplied almost entirely by imports, which accounted for 95.9 percent of U.S. consumption in 2021. U.S.