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TRADE BETWEEN RUSSIA AND VIETNAM IS ON A HALT — TRADE GROWTH EXPECTED IN A FEW MONTHS

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  INTRODUCTION   The foundation of the relationship between Russia and Vietnam was formally set up on 30 th January 1950 when the first ever Russian embassy was set up in Northern Vietnam. The Socialist Republic of Vietnam identifies Russia as one of the most active members/allies of its group. The Soviet Union was one of the initial countries that formed and built diplomatic relations with Vietnam.   Although the Soviet Union was dissolved in the year 1991, the friendly relations between Vietnam and Russia continued. Slowly and gradually the trade relations between both nations also got improved and by 2001, the bilateral trade between Russia and Vietnam touched USD 550 million. major Imports of Vietnam as per Vietnam Import data from Russia were machines, steel, textiles, and rice.   RUSSIA-VIETNAM TRADE TRENDS (2017-2021)   We are going to portray one of the most interesting tables that contain the total imports and exports that happened between Vietnam and Russia i

WHY IS CHINA EXPERIENCING A SUDDEN CONTRACTION IN ITS FOREIGN TRADE DATA?

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   The trade statistics of China have started to fall since the beginning of the year 2023. Both the imports and exports to and from China are fluctuating which can be a cause of concern for the global economy as it can impact Global Trade Data negatively. Many big analysts and market researchers have said that the upcoming future would prove to be severe due to the recession that has struck multiple trade partners of China.   The marketers also said that as China has just got over with the Covid-19 restrictions recently, it would be needing some time to get recovered fully and get back on track soon. The Import Export Data of China is declining at present which is an alarming signal for the entire Asian Continent and Global Trade Data as a whole because China is one of the biggest trading countries in the world.   CHINA HAS THE MOST UNEVEN IMPORT-EXPORT DATA AT PRESENT As per the Export Import Data of China for the month of April 2023, imports to China have reduced sharply

THE FUTURE OF THE CHEMICAL INDUSTRY OF TURKEY AS PER ECONOMISTS AND INDUSTRIALISTS

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  Chemicals are a part of daily experimentation and innovation of new substances and solutions that can come into use in various industries to accelerate their production and working processes. We can state that the chemical industry has contributed immensely by creating some of the newest and most useful chemical compounds that are being used in various fields. Some of the useful chemicals that we used in our daily lives are:   ·   Hydrogen Peroxide (used as antiseptic in toothpaste and mouth freshener)                                                                                                                                                                                                                                                                                                                                                           ·         Potassium Dichromate (Used to check drink and driving offenses by police) ·         Magnesium Sulfide (Used as purgative) ·

WHY HAS VIETNAM BECOME THE LARGEST COTTON IMPORTER FROM AUSTRALIA?

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  SYNOPSIS   In the past, the trade relations between Australia and China were just amazing and always maintained a year-on-year growth. Both nations traded numerous products and services to and from each other worth billions and concluded their bilateral trade on a positive note each year. Unfortunately, trade tensions crept into the bilateral trade relations between Australia and China due to which things got worse, and by 2020-21, the trade between both nations declined significantly. You might be thinking that what happened in the year 2020-21 that created these trade differences between both countries. So, in the year 2020, China applied several strict trade rules on multiple Australian exports such as seafood, coal, barley, and wine due to which Australia was facing difficulties in getting its products sanctioned. With this, the Australian services exports also got collapsed and thus declined such as education and tourism because of strict Covid-19 policies. Out of all th