All articles tagged with #trade and investment
India and China have agreed to resume direct flights and enhance trade and investment ties as they work to rebuild their strained relationship following border disputes, with high-level talks focusing on troop pullback, border delimitation, and mutual trust, although no major breakthroughs were achieved on border issues.
US President Joe Biden's visit to Angola marks the first by an American president, focusing on enhancing trade and security ties. The US supports a new railway project linking Angola with the Democratic Republic of Congo and Zambia, aiming to counter China's influence in Africa. Biden's visit signifies improved US-Angola relations, with Angolan President João Lourenço welcoming the partnership. The trip also includes a visit to a slavery museum, acknowledging the region's historical ties to the transatlantic slave trade.
President Biden met with the Presidents of Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan at the C5+1 presidential summit to discuss security, trade, regional connectivity, governance reforms, and human rights. They emphasized the importance of respecting sovereignty and territorial integrity, and pledged to collaborate on border security, counterterrorism, and law enforcement. The United States proposed initiatives such as a private sector business platform, a regional connectivity ministerial, and a critical minerals dialogue to drive economic development and support the Trans-Caspian Trade Route. President Biden also advocated for civil society, women's economic empowerment, and mainstreaming disability rights.
Israeli Foreign Minister Eli Cohen is set to visit Bahrain, marking the first high-level visit between the two countries in nine months. Cohen will meet with Bahrain's King Hamad Al Khalifa and Foreign Minister Abdullatif Al Zayani, as well as inaugurate Israel's embassy in Manama. He will also visit the United States Fifth Fleet base in Bahrain and bring a business delegation to promote trade and investment. The visit comes after a delay caused by a Temple Mount visit by National Security Minister Itamar Ben Gvir.
Billions of dollars are flowing out of Chinese markets as foreign investors continue to unload mainland Chinese equities, despite recent measures by Beijing to boost investor confidence. The number of active China-focused hedge funds has fallen for the first time in over a decade, and direct investment liabilities into China have slumped 87% from a year ago. China's weaker-than-expected post-COVID recovery, economic issues, and regulatory crackdown against large private companies have contributed to the decline in foreign investment. Meanwhile, Commerce Secretary Gina Raimondo is seeking to mend the fractured relationship between the US and China during her visit to Beijing.
Turkish President Erdogan is visiting Gulf Arab states, including Saudi Arabia, Qatar, and the United Arab Emirates, in an effort to seek trade and investment opportunities to revive Turkey's struggling economy. Erdogan's visit comes as Turkey faces high inflation and a record current account deficit. The Gulf states, including Saudi Arabia, UAE, and Qatar, have previously provided financial support to Turkey, and Erdogan is hoping to secure further funding to help alleviate economic pressures.