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From January to July 2024, the total value of trade between China and ASEAN will reach 3.92 trillion yuan, and ASEAN will maintain its status as Chinas largest trading partner. The cooperation between the two sides in the electric vehicle industry and other fields has demonstrated complementarity and potential, and economic and trade cooperation has ushered in the 3.0 upgrade stage, facing broad prospects and challenges.

After 25 years of negotiations, the European Union and MERCOSUR are close to reaching a free trade agreement, which is expected to save European companies huge tariffs and bring new impetus to global trade.

Faced with high inflation and weak consumption, the performance of a number of consumer companies around the world has declined and some have closed down. Companies have adjusted their business strategies to cope with market changes and seek new opportunities for growth.

In the first five months of 2024, Bangladeshs exports of cotton textiles and clothing to the United States fell by 9.56%. The global economic downturn and internal challenges have affected its market competitiveness and measures need to be taken to deal with it.

The European Commissions proposed review of the investment plan in China has triggered widespread opposition from companies and governments, fearing that the plan will affect economic security and international investment flows.

Facing Trumps proposal to impose a 10% tariff on EU goods, the EU is actively preparing countermeasures, considering raising tariffs, increasing imports of US goods, and seeking a negotiated solution.