RMB becomes the 4th payment currency in the world
International Business News – According to the “RMB Internationalization Report 2022” released by the People’s Bank of China, the RMB’s international payment share improved to 2.7% in December 2021, overtaking the Japanese yen to become the world’s fourth payment currency,…
Eurasian Economic Union to maintain zero tariff on imports of some goods
International Business News – The Eurasian Economic Union has extended the period of zero tariffs and tariff preferences on some types of important imports until March 31, 2023, the measure has been approved by the Eurasian Economic Commission (EEC) Council,…
RMB internationalization indicators are generally positive
International Business News – The People’s Bank of China recently released the “RMB Internationalization Report 2022”, which shows that the indicators of RMB internationalization are generally positive, with RMB’s payment currency function steadily improving, its investment and financing currency function…
Kazakhstan’s Central Bank forecasts Kazakhstan’s total exports to reach $81.6 billion this year
International Business News – Akylzhan Baimagambetov, deputy governor of the Central Bank of Kazakhstan, explained that according to the balance of payments calculation method, Kazakhstan’s exports will grow significantly by 35.2% in 2022, reaching $81.6 billion, according to Atameken Business…
Toyota decides to withdraw from Russian business
International Business News – Toyota has decided to withdraw from the Russian business. The Russian-Ukrainian conflict has caused prolonged supply chain disruptions and financial sanctions have made it more difficult to continue business. Mazda has also begun negotiations with its…
India’s policy of banning some food exports will not change for now
International Business News – Recently, the Indian government said that India’s rice production has declined momentum, will therefore tighten food exports. This summer, India’s drought in many places, while some areas suffered floods, multiple factors led to a significant reduction…
Kazakhstan expected to significantly increase car exports to Eurasian Economic Union countries
International Business News – Anuar Shukumov, representative of the Kazakhstan Automobile Business Association (AKAB), said at the 10th Kazakhstan Machinery Manufacturing Forum that Kazakh automakers are expected to significantly increase their auto exports to the Eurasian Economic Union countries. Anuar…
Malaysia’s economy continues to recover
International Business News – The latest data released by Bank Negara Malaysia showed that the country’s gross domestic product grew by 8.9% in the second quarter of this year, and the economy grew by 6.9% in the first half of…
China’s renewable energy industry ranks first in the world for job creation
International Business News – According to the “Tribune” report on September 22, a recent report jointly released by the International Renewable Energy Agency and the International Labour Organization showed that by the end of last year, a total of 12.7…
Eurasian Economic Union discusses development of IWT
International Business News – According to the official website of the Prime Minister of Kazakhstan, Serik Zhumangarin, Deputy Prime Minister and Minister of Trade and Integration of the Kazakh government, led the Kazakh delegation to participate in the regular meeting…