Category: trade

There was a near 11% reduction in the volume of goods passing through Dublin Port in the first six months of this year, according to figures from the Dublin Port Company. Overall port tonnage was 10.9% lower than in the same six month period last year. A first quarter decline of almost 5% – which […]

Global trade is expected to drop around 18.5% year-on-year in the second quarter of 2020 in a huge coronavirus-driven plunge which nonetheless could have been much worse, the WTO said today.  “Initial estimates for the second quarter, when the virus and associated lockdown measures affected a large share of the global population, indicate a year-on-year […]

Companies that reopened under the first phase of the lifting of Covid-19 restrictions are experiencing less than half their usual level of business activity for this time of the year, a new survey has found. The survey of businesses across the country also found that a quarter of respondents expect to have earnings that will be […]

Companies that reopened under the first phase of the lifting of Covid-19 restrictions are experiencing less than half their usual level of business activity for this time of the year, a new survey has found. The survey of businesses across the country also found that a quarter of respondents expect to have earnings that will be […]

The European Union is hopeful of reaching a “mini” trade accord with the US in the coming weeks. But there are still difficult issues to overcome including barriers for farm products, EU Trade Commissioner Phil Hogan said today. Mr Hogan made his comments at a European Parliament Ireland event in Dublin about EU trade amid […]

The US trade deficit fell last year to $616.8 billion, the first time the gap has narrowed since 2013 as imports, particularly from China, declined more than exports, according to government data released today.  As President Donald Trump’s trade confrontations escalated in 2019, the total trade gap shrunk by nearly $10 billion as exports fell […]

The European Union, China and 15 other countries agreed today to develop a temporary system for appealing trade dispute rulings after the recent US-provoked collapse of the WTO appeals body.  Ministers from the group published a joint statement announcing a “multi-party interim appeal arrangement”.  The arrangement was reached during a meeting at the World Economic […]

Dublin Port Company has again reported record growth figures for 2019 as trade with the European Union countries experienced strong growth.  Volumes on Ro-Ro (Roll-on/roll-off) and Lo-Lo (life-on/lift off) services to Continental Europe grew by 10.7%, but UK volumes fell by 0.2%.  Dublin Port reported growth in unitised volumes (both Ro-Ro and Lo-Lo combined) of […]

Volumes through the country’s busiest port indicate a shift from the UK to a growing trade with the continent. Figures from Dublin Port show volumes to Britain fell by 0.2pc last year, while volumes on services to continental Europe grew 10.7pc. Dublin Port trade volumes hit another record in 2019. The port, whose traffic was […]

The Dow Jones and S&P 500 rose to record highs on Wall Street last night following a volatile session marked the signing of the long-awaited US-China trade agreement.  The Dow Jones gained 0.3% to finish at 29,030 and the broad-based S&P 500 added 0.2% to 3,289. Analysts said the choppy trading session reflected worries about […]