News about International trade

Turkish President Recep Tayyip Erdogan received Venezuelan Interim President Delcy Rodriguez, who arrived in Ankara at his invitation. The meeting focused on the steps needed to achieve the goal of increasing bilateral trade to $3 billion.

Moldova’s goal is to join the EU. Discussing another plan would mean recognizing that “we have failed with the European Union”. This is the position on the association with Romania voiced by the vice-president of the Parliament, chairperson of the commission for foreign policy, PAS deputy Doina Gherman.

For the fourth time in a row, OPEC+ agreed on June 7 to raise oil production targets. Despite this, the organization’s key countries, including Saudi Arabia, have been unable to fully supply their buyers since late February.

Crocs shares rose about 2% in Monday’s premarket after analyst firm Robert W. Baird & Co. raised its rating on the footwear maker from Neutral to Outperform and raised its target price from $115 to $150.

The Baku-Tbilisi-Ceyhan pipeline (BTC) has transported about 557 million tons of Azerbaijani oil over the 20 years of its operation.

Deputy Prime Minister, Economic Development and Digitalization Minister Eugeniu Osmochescu will head a joint intergovernmental commission for cooperation between Moldova and the German state of Baden-Württemberg.

Armenian Prime Minister Nikol Pashinyan said that the European Union is ready to open its market for Armenian agricultural products without customs duties and provide the country with more than 50 million euros of financial support.

Washington is moving toward tough economic measures that will directly affect Kazakhstani exports. The Office of the U.S. Trade Representative (USTR) officially recognized Kazakhstan as one of 60 economies whose anti-forced labor policies are deemed “unreasonable” and detrimental to U.S. trade.

Global food prices remain near three-year highs due to logistical disruptions and unfavorable weather conditions.

While the Latvian government is discussing how to implement the promised ban on trade with Russia, Russia itself can solve part of the problem.

The development of the strategic partnership between Moldova and the Grand Duchy of Luxembourg is the main topic of the parliamentary mission, which is taking place in Chisinau on June 7-10.

Nigeria, Niger and Algeria have commenced construction of the 4128 kilometer Trans-Sahara gas pipeline to reduce the European Union’s (EU) dependence on Russia.

Domino’s Pizza and Casey’s General Stores are becoming major competitors in the U.S. pizza market, increasing their share through delivery services.

The new government’s statements about stopping exports to Russia do not apply to pharmaceuticals. This is explained both by the difficulty of reorientation to other markets and by state security considerations.

Ahead of the June 18 EU summit, a number of members led by France are pushing for a tougher line on Beijing, warning that Chinese overproduction and cheap exports are undermining the European economy.

Breweries are gearing up for a record surge in sales during the 2026 FIFA World Cup. It is predicted that fans could drink an additional 1 billion pints of beer.

Armenia is holding regular parliamentary elections. The citizens of the country will have to elect a new National Assembly for a five-year term. As a result of the elections, the government will be formed and the future Prime Minister of the country will be determined.

British Airways is preparing to increase prices for air tickets due to rising fuel costs amid the conflict in the Middle East. This is reported by Bloomberg with reference to the airline’s CEO Sean Doyle.

Donald Trump is preparing for a new war – a second trade war with the entire world. He lost the first one, but he is not going to stop, despite all the signs that the stated goals of attacking allies and rivals have not been achieved, and the burden of costs has fallen entirely on the shoulders of Americans.

Moldova for the first time legislates the concept of “shelter” for the protection of cultural property moving from conflict and emergency zones.