Trade

• [New] By 2050, South Korea will provide 27.9 million mt/year of hydrogen - by producing 3 million mt/year of green hydrogen and 2 million mt/year of blue hydrogen, while importing 22.9 million mt/year of green hydrogen from overseas, without any grey hydrogen. S&P Global Platts
• [New] Strengthening partnerships with the U.S. will ensure emerging trade and economic policies allow for greater integration of new electric vehicle and battery supply chains across both nations. Ontario.ca
• [New] Exports of Meat & Meat Products in Germany is expected to be 793683.74 EUR THO by the end of this quarter. Trading Economics
• [New] Australia's lithium exports - of spodumene concentrate and refined chemicals - are expected to almost match zinc exports in 2022-23, as the race to electrify the world's auto fleet gathers pace. The Assay
• [New] Climate agreements reached in Glasgow this month could come under legal attack from polluting multinationals unless the UK takes urgent action to reform global trade rules. The Independent
• [New] With Brexit cutting off the European market for elvers, people could be tempted by high prices to fish for the illegal trade to Asia. Wildlife and Countryside Link
• [New] The Mozambique Energy for All Project will increase the number of residential connections to the electricity grid, enhance power exports and improve domestic and regional supply quality. African Development Bank - Building today, a better Africa tomorrow
• [New] Price volatility stemming from speculative demand remains an important obstacle to the wide acceptance of crypto assets as a means of payment, the Bank of Canada wrote in its financial system review on the most important financial risks and economic vulnerabilities. CoinTelegraph
• [New] The Indian specialty chemicals sector is expected to increase from $32 billion in 2019 to an estimated $64 billion by 2025 helping boost exports as globally companies wants to de-risk their supply chains dependent on China. Mint
• [New] The challenge over the next few weeks will be in crafting travel policies that can slow the spread of the Omicron variant without causing massive disruptions to travel, trade, and the global economy. ECDC
• [New] There could be disruption to agri-food supply chains that are currently integrated with the EU if rules diverged in the future and that food and other imports need to be of the quality and safety that British consumers expect. Sustain
• [New] China's imports from Africa, one of its key sources of crude oil and minerals, will reach $300 billion in the next three years. Reuters
• [New] Russia is highly dependent on oil and gas exports, and in the long term, the clean energy transition will pose significant risks to its finances and influence. Foreign Affairs Magazine
• [New] A net-zero global economy will require large supply chains for clean energy components and manufactured products, trade in low-carbon fuels and critical minerals, and continued trade in oil and gas. Foreign Affairs Magazine
• [New] Global trade in critical minerals will skyrocket, from around ten percent of energy-related trade to roughly 50% by 2050. Foreign Affairs Magazine
• [New] Exports of Intra EU - Edible Fruit & Nuts in the United Kingdom is expected to be GBP 17.27 Million by the end of this quarter. Trading Economics
• [New] The Ukrainian economy would collapse, with a wide range of negative consequences for the European and global economies, including everything from food supply disruption to the loss of trade and investments. Atlantic Council
• [New] There are well-founded estimates suggesting that by the early 2030s, Russia may begin running chronic budget deficits as demand for its oil, pipeline gas, and coal exports slumps. Carnegie Moscow Center
• [New] If Japan wants to fulfill its pledge to be carbon neutral by 2050 and avoid the high cost of imported coal and gas, it must lean on nuclear power. The Globe and Mail
• [New] The EU may argue that the only way it could respond proportionately to the UK taking Article 16 safeguard measures in areas like customs checks, is to use counter-balancing measures relating to EU-UK trade under the TCA. House of Commons Library
• [New] China will continue to share its market opportunities, and strive to reach 2.3 trillion U.S. dollars in its cumulative trade with other SCO countries in the next five years. eng
• [New] The United Kingdom has broken down hundreds of trade barriers around the world in the year to April, opening up new opportunities for British businesses. GOV.UK
• [New] The world's largest free-trade bloc, making up almost a third of the global economy, has measures to facilitate trade, eliminate tariffs, minimise non-tariff barriers, promote e-commerce and increase market access which are expected to enhance members' economic integration. ACCA

Last updated: 02 December 2021