international trade
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US Imposes New Tariffs on 60 Trading Partners Following Expiration of Temporary Levy
The Trump administration has enacted new 10% to 12.5% tariffs on 60 nations, citing forced labor concerns after a previous temporary levy expired.
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Marks & Spencer Exits Philippines After Nearly 40 Years
Marks & Spencer will exit the Philippines by May 2, 2026, ending nearly 40 years of operations. This strategic move reflects adaptation to evolving retail dynamics and consumer trends.
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Trump’s Tariff War Against Canada: Markets Panic, Recession Fears Mount
Donald Trump doubles tariffs on Canadian goods, sparking market panic and recession fears.
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Mongolia Opens Its Market to Armenia: New Export Opportunities
Mongolia has officially opened its market to Armenia through a temporary trade agreement between the Eurasian Economic Union (EAEU) and Mongolia. On December 5, Armenia’s government approved the agreement, which aims to significantly reduce customs duties and boost export volumes.…
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Armenian Trucks Face Long Delays at Russia-Georgia “Upper Lars” Border Crossing
Approximately 700 Armenian freight trucks are currently stalled at the “Upper Lars” checkpoint along the Russia-Georgia border. This congestion is attributed to adverse weather conditions along the strategic Gudauri-Kobi section of the Mtskheta-Stepantsminda-Lars international road, which is a vital route…
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Armenia’s Position in Global Export Rankings: 2023 Results and Analysis
According to the latest data from the World’s Top Exports portal, global exports reached a record $23.27 trillion in 2023, marking a 24% increase compared to 2019. Against this backdrop, Armenia secured the 104th position with exports totaling $8.37 billion.…