United States President Donald Trump recently made a remark stating that he is considering the possibility of dismantling the North American Free Trade Agreement (NAFTA). President Trump added that he will push through with his plans regarding NAFTA should Canada fail to agree with new terms.
Despite the current fluctuation of the rupee, figures recently released revealed that India’s economy continues to surge. Based on newly released data, India’s economy posted its fastest quarterly growth in the past two years.
As part of the country’s effort to expand its exports, Indonesia recently confirmed that it will partner with Chinese e-commerce giant Alibaba. Many analysts said that this cooperation will expand Indonesia’s export particularly to China.
Germany fears that the economic crisis experienced by Turkey will affect the economy of its neighbouring European Countries. The Turkish Lira is in chaos and it triggered by the decline in stock market by half.
China plans to improve its electric vehicles technology by investing in British-Columbia based hydrogen fuel cells. China’s largest diesel engine manufacturers agreed to purchase clean energy fuel cells from BC.
China expects a visit from the Japanese Prime Minister Shinzo Abe around October 23 in celebration of their 40th bilateral peace and friendship treaty. Abe is reported to advocate better cyber and space defense capabilities.
President Mauricio Macri asked for an early release of the loa*n worth $50 billion from the International Monetary Fund. IMF is concerned that the financial crisis in Argentina might cause failure to meet debt obligations in 2019.