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As the Red Sea crisis intensifies and global trade is affected, US-based shipping prices have risen significantly.Analysis points out that this trend may spread to other major routes, affecting the global supply chain.

RCEP has a significant impact in ASEAN’s digital and green economies, promoting the digitalization of SMEs, accelerating energy transition, deepening cooperation with ASEAN and boosting regional trade and investment.

In 2023, China became the main importer of Russian soybeans, driving the export of Russian agricultural products to high innovation.

The World Bank predicts that the global economy will experience the worst five-year growth period since the 1990s, especially affecting developing economies.

Australias major port strikes escalated to January 15, affecting ports such as Sydney and Melbourne, leading to massive cargo congestion and severe transport delays.

The Russian government recently announced the extension of the temporary export ban on a range of goods and equipment until the end of 2025 to maintain its economic and technological security. The ban covers a wide range of products and equipment in key areas, including technical and medical equipment, agricultural machinery, etc. This move aims to strengthen economic ties with member states of the Eurasian Economic Union and address international sanctions and market uncertainty.