Trade

WHAT'S NEXT?: Global trade policies could be upended with a new President in the White House, Brexit, a potential break-up of the European Union and China reacting to these changes in profound ways.

[New] Projections on natural gas demand in Africa show a gradual increase over the next 20 years with global peak gas only expected towards 2035-2040.
[New] Belgian foreign trade, which contributed significantly to economic growth in 2018, risks being affected in 2021 by the weakening of economic growth in the eurozone, by the tensions in international trade (including between the US and the eurozone) and Brexit.
[New] Exports of - Services in Australia is expected to be AUD 7210.95 Million by the end of this quarter.
[New] Net exports of gas from the United States to Mexico are forecast to grow by 2.2 Bcf/d during the 2020-2030 period.
[New] Balance of Trade in Taiwan is expected to be USD 5100.00 Million by the end of this quarter.
[New] New batteries will need to will be allowed to contain up to 70% of their raw materials from outside the EU or UK till 2024 to avoid tariffs on sales into the EU.
[New] Significant investment and policy shifts related to the Paris Climate Agreement are expected in 2021 in the major trading blocks including the US, China and the EU.
[New] Vietnam's handicraft export is forecast to grow more than 12% per year with turnover reaching USD 5 billion by 2025.
[New] Tighter global inventory will support pricing in the first half of 2021 and new supply will be absorbed by underlying demand, modest industrial recovery in the second half and more exports to China.
[New] China will reach carbon emission peak before 2030 and carbon neutrality by 2060, and large cities with a significant greening trend play an important role in neutralizing carbon emission and mitigating the impact of global climate change in urban areas.
[New] Security will trump trade in the first months of Biden's presidency, although Washington's return to the Paris climate agreement and World Health Organization will boost the impression of a multilateralist reset and improve the US image in developing regions.
[New] The projected temporary increase in 2021 reflects lower commodity prices, the collapse in outbound tourism, and a surge in exports of pandemic-related and other goods supported by China's early recovery of production and higher export prices.
[New] Achieving carbon neutrality by 2060 means that China will have 30 years for continuous and rapid emissions cuts, after it reaches the emissions peak by around 2030.
Digital currency bitcoin has emerged as a rival to gold and could trade as high as US$146,000 (C$185,223) if it becomes established as a safe-haven asset.
China's exports are projected to rise by $248 billion thanks to RCEP, with Japan seeing an extra $128 billion and South Korea $63 billion.
Digital currency bitcoin has emerged as a rival to gold and could trade as high as $146,000 if it becomes established as a safe-haven asset.
Among oil exporters, growth is expected to recover to 1.8% in 2021, supported by normalising oil demand, the scheduled easing of the OPEC + oil production cuts, policy support, and the gradual phasing out of domestic pandemic-related restrictions.
Global coffee demand is expected to triple production by 2050, raising pressure on forests and other habitats in the tropical regions where it's grown as farmers look for new land to till.

Last updated: 14 January 2021

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