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Trade will tighten Gulf-South Korea relations

Location:

GULF STATES/SOUTH KOREA

Previously, in December 2023, South Korea signed a landmark free trade agreement (FTA) with the six-nation Gulf Cooperation Council (GCC), only the bloc’s second with a major…

Attacks on Russian refineries will cause oil shortages

Location:

RUSSIA

The rising frequency of drone attacks is raising the risk of oil product shortages within Russia. Already Western sanctions on the supply of spare parts had made the maintenance…

Smaller trade surplus will keep ruble low this year

Location:

RUSSIA

Pronounced ruble depreciation this year attests to the efficacy of sanctions in disrupting Russia’s external trade. The weaker ruble has already provoked a spike in household…

War threatens Russia’s position as arms exporter

Location:

RUSSIA

A combination of the threat of US sanctions, shifting patterns of demand on international markets, and the growing demands of Russia’s own military has caused arms exports to…

United Arab Emirates’ green transition will intensify

Location:

UNITED ARAB EMIRATES

Earlier in July, the United Arab Emirates (UAE) government unveiled ambitious new targets for clean power and low-carbon hydrogen production. The main emirates are accelerating…

Efforts to stablise US-China relations will be limited

Location:

US/CHINA

Relations between the United States and China are at a critical juncture. The Biden administration remains under domestic pressure to take a tough line with Beijing but the…

China will dominate Iraq’s energy sector

Location:

IRAQ

Chinese companies have not only become the dominant players in the upstream oil and gas sector and the leading importers of Iraqi oil; they are also important forces in…

Prospects for world trade and supply chains in 2024

Location:

PROSPECTS 2024

This year is ending on a very weak note. The WTO and IMF both downgraded their forecasts for world trade in 2023 last month and their projections for stronger growth in 2024…

Deals pave way for further growth in Indian-US ties

Location:

INDIA/US

The trip underscored the importance that Delhi and Washington give to their partnership, with the two sides announcing various deals covering a range of areas.

UK accession highlights CPTPP’s potential

Location:

UNITED KINGDOM/INTERNATIONAL

The accession agreement will be signed at the upcoming CPTPP ministerial meeting in Auckland, New Zealand, next month. In addition to the economic implications for all parties to…