trade Archives - LN24 https://ln24international.com/tag/trade/ A 24 hour news channel Wed, 29 Oct 2025 07:11:40 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://ln24international.com/wp-content/uploads/2021/09/cropped-ln24sa-32x32.png trade Archives - LN24 https://ln24international.com/tag/trade/ 32 32 APEC CEO Summit 2025 Opens with Korean-Style Gala for Global Leaders https://ln24international.com/2025/10/29/apec-ceo-summit-2025-opens-with-korean-style-gala-for-global-leaders/?utm_source=rss&utm_medium=rss&utm_campaign=apec-ceo-summit-2025-opens-with-korean-style-gala-for-global-leaders https://ln24international.com/2025/10/29/apec-ceo-summit-2025-opens-with-korean-style-gala-for-global-leaders/#respond Wed, 29 Oct 2025 07:11:40 +0000 https://ln24international.com/?p=28464 The 2025 APEC CEO Summit opened in grand fashion on Wednesday with a Korean style gala welcoming world leaders, top executives, and policymakers from across the Asia-Pacific.

South Korean President Lee Jae Myung delivered a defining opening address, calling for a more inclusive, innovation driven regional economy. He urged cooperation on technology, trade, and sustainable development to ensure that “growth across the Pacific is shared and resilient.”

President Lee was joined by David Hill, CEO of Deoid Asia Pacific, who emphasized the private sector’s role in building digital and green economies.

Meanwhile, U.S. President Donald Trump arrived in South Korea ahead of his keynote address at the APEC CEO luncheon and a U.S.-APEC leaders’ working dinner later in the evening. Trump’s remarks are expected to focus on trade relations, energy partnerships, and upcoming talks with China’s President Xi Jinping on the sidelines of the summit.

The APEC CEO Summit, which runs through the weekend, brings together over 2,000 business and government leaders to shape policy priorities for the Asia-Pacific region.

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Trump Says All Trade Talks With Canada Are Terminated https://ln24international.com/2025/10/24/trump-says-all-trade-talks-with-canada-are-terminated/?utm_source=rss&utm_medium=rss&utm_campaign=trump-says-all-trade-talks-with-canada-are-terminated https://ln24international.com/2025/10/24/trump-says-all-trade-talks-with-canada-are-terminated/#respond Fri, 24 Oct 2025 07:40:11 +0000 https://ln24international.com/?p=28350 U.S. President Donald Trump announced on Wednesday that all trade negotiations with Canada have been terminated, abruptly halting weeks of discussions aimed at reaching an agreement on the steel and aluminum sectors.

The two countries had been in talks to resolve longstanding trade disputes and explore potential tariff adjustments, but no breakthrough had been achieved. Trump did not elaborate on the reasons behind the decision to end the talks, but his statement signals a sharp setback in North American trade relations.

Canadian officials have not yet issued an official response, though sources in Ottawa said they remain open to dialogue and hope to clarify Washington’s position in the coming days.

The move comes amid broader efforts by the Trump administration to renegotiate or reassess key trade partnerships and domestic manufacturing priorities. Economists warn that the termination of talks could impact cross border industries, particularly automotive and construction sectors that rely heavily on steel and aluminum imports.

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UK to Upgrade Diplomatic Ties with Vietnam During Keir Starmer–To Lam Meeting https://ln24international.com/2025/10/23/uk-to-upgrade-diplomatic-ties-with-vietnam-during-keir-starmer-to-lam-meeting/?utm_source=rss&utm_medium=rss&utm_campaign=uk-to-upgrade-diplomatic-ties-with-vietnam-during-keir-starmer-to-lam-meeting https://ln24international.com/2025/10/23/uk-to-upgrade-diplomatic-ties-with-vietnam-during-keir-starmer-to-lam-meeting/#respond Thu, 23 Oct 2025 19:27:44 +0000 https://ln24international.com/?p=28302 Britain is preparing to elevate its diplomatic relations with Vietnam to the highest level next week, when Prime Minister Keir Starmer hosts Vietnamese Communist Party chief To Lam in London.

The upgrade will raise ties to Vietnam’s top-tier “strategic comprehensive partnership,” placing the UK alongside a select group of countries that includes China, Russia, the United States, and France Vietnam’s former colonial ruler.

The decision reflects growing efforts by both nations to strengthen economic and security cooperation amid shifting global trade dynamics. The UK has been expanding its diplomatic footprint in Southeast Asia following its exit from the European Union, while Vietnam continues to diversify its foreign relations to balance major power influences.

The meeting between Starmer and To Lam is expected to cover trade, investment, climate collaboration, and regional security issues, including stability in the South China Sea. The upgrade comes as London seeks to bolster its engagement with Indo-Pacific partners under its “Global Britain” strategy.

No official statement has yet been released by either government, but both sides are expected to announce the formal elevation of ties following the meeting.

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President Trump Hosts Canadian Prime Minister Mark Carney at White House https://ln24international.com/2025/05/07/president-trump-hosts-canadian-prime-minister-mark-carney-at-white-house/?utm_source=rss&utm_medium=rss&utm_campaign=president-trump-hosts-canadian-prime-minister-mark-carney-at-white-house https://ln24international.com/2025/05/07/president-trump-hosts-canadian-prime-minister-mark-carney-at-white-house/#respond Wed, 07 May 2025 19:41:24 +0000 https://ln24international.com/?p=24118 U.S. President Donald Trump welcomed Canadian Prime Minister Mark Carney to the Oval Office on Tuesday for a high-profile diplomatic meeting that touched on trade, bilateral cooperation and a striking exchange about national sovereignty.

The visit marks Carney’s first official talks with President Trump since taking office. While both leaders described the meeting as productive, a brief moment of levity quickly drew attention after Prime Minister Carney firmly stated that “Canada will never be for sale.”

President Trump appeared to joke about closer integration between the two nations, saying, “We’re not discussing Canada becoming part of the United States but it would be a wonderful marriage.”

The remark sparked immediate reactions on social media and among political analysts, though both leaders quickly moved on to more conventional matters.

Trump called the meeting “great” and emphasized that he and Carney have developed a strong rapport. “We get along very well,” Trump noted, praising Carney’s leadership and Canada’s role as a key U.S. ally.

Focus on Shared Interests

According to a joint statement, the two leaders discussed issues including cross-border trade, energy cooperation, defense partnerships under NATO, and continental infrastructure. Both sides reiterated their commitment to modernizing trade frameworks and strengthening North American competitiveness.

While no major agreements were signed, both leaders signaled interest in further collaboration on climate resilience, economic security, and regional stability.

Carney, a former central banker, is seen as a pragmatic and globally minded leader. His visit to Washington is viewed as an important early step in reaffirming Canada-U.S. relations under his tenure.

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Egypt and Kenya Strengthen Ties with Twelve New Agreements https://ln24international.com/2025/01/30/egypt-and-kenya-strengthen-ties-with-twelve-new-agreements/?utm_source=rss&utm_medium=rss&utm_campaign=egypt-and-kenya-strengthen-ties-with-twelve-new-agreements https://ln24international.com/2025/01/30/egypt-and-kenya-strengthen-ties-with-twelve-new-agreements/#respond Thu, 30 Jan 2025 08:45:20 +0000 https://ln24international.com/?p=21216 In a significant step toward enhancing bilateral relations, Kenyan President William Ruto and Egyptian President Abdel Fattah el-Sisi have signed twelve agreements aimed at deepening cooperation between the two nations. The agreements, which cover a wide range of sectors including trade, investment, education, and technology, mark a milestone in the growing partnership between Egypt and Kenya.

A New Era of Cooperation

Upon his arrival in Cairo, President Ruto emphasized the importance of fostering strong ties between the two countries, highlighting the potential for increased collaboration on economic and development fronts. The agreements signed during this visit are expected to create new opportunities for both countries, particularly in areas where they can mutually benefit from their respective strengths.

The signed deals reflect a strategic alignment between Kenya’s rapidly growing economy and Egypt’s established position as a key player in the African and Middle Eastern regions. The agreements are designed to boost both countries’ development goals, focusing on areas that are crucial for their economic growth.

Key Areas of Collaboration

  1. Trade and Investment: One of the central themes of the agreements is to enhance trade relations between Kenya and Egypt. Both nations have identified opportunities to increase bilateral trade, particularly in sectors like agriculture, manufacturing, and consumer goods. The deals aim to reduce trade barriers, facilitate market access, and encourage private sector investments in key industries.
  2. Education: Recognizing the importance of knowledge exchange, the two leaders also signed agreements in the field of education. These include student exchange programs, the establishment of joint research initiatives, and opportunities for Egyptian expertise to help strengthen Kenya’s educational system, particularly in higher education and vocational training.
  3. Technology: With both countries focusing on innovation, the technology agreements are seen as key to fostering partnerships in ICT, cybersecurity, and digital infrastructure. Egypt, with its growing tech sector, has the potential to offer Kenya valuable expertise and support in its own digital transformation efforts.
  4. Infrastructure and Development: Both nations have emphasized the need for joint infrastructure projects. The agreements will likely see cooperation in areas such as road construction, energy generation, and smart cities, with Egypt’s experience in large-scale infrastructure projects being leveraged to benefit Kenya’s growing urban and rural development needs.

This visit and the subsequent agreements are part of an ongoing effort to solidify the diplomatic relationship between Kenya and Egypt. Both leaders expressed their commitment to strengthening ties in multiple areas, reflecting a shared understanding that Africa’s future depends on the collaboration of its nations, not just on a regional level but also in the global arena.

The signing of these agreements also aligns with broader regional goals to boost intra-Africa trade and collaboration, particularly through initiatives like the African Continental Free Trade Area (AfCFTA). By fostering closer ties with Egypt, Kenya aims to tap into new markets and further integrate into the regional economy, while Egypt seeks to expand its influence across Africa and position itself as a critical partner in the continent’s development.

As President Ruto’s visit unfolds, it’s clear that the agreements signed will have a lasting impact on the future of Kenya-Egypt relations. Both nations stand to benefit from the synergies created through shared goals of economic growth, development, and technological advancement.

The signing of these deals is only the beginning, and future collaborations will likely evolve as both countries work together to address pressing challenges and capitalize on new opportunities. By strengthening ties in trade, education, and technology, Kenya and Egypt are setting the stage for a more prosperous future that not only benefits their people but also contributes to Africa’s broader development ambitions.

Conclusion

The signing of twelve agreements between Kenya and Egypt marks a significant leap forward in their partnership. The collaboration across diverse sectors will help both nations enhance their economic, educational, and technological capabilities. As the countries move forward with these new agreements, they are paving the way for a future of mutual growth and sustainable development an example of how African nations can work together to achieve their collective goals.

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