International Business Issues Today

Turkey and the EU have developed a strong economic relationship even if Turkey is not yet an EU member, but it signed a Customs Union agreement with the European Union in order to encourage trade and economic relationships. In recent years, the EU has ranked 1st at the top of Turkey’s imports and exports, while Turkey is the 7th in the EU top imports and 5th for exports. Turkey exported in EU many categories of goods, such as equipment for transport, textiles, agricultural products, cars, etc. and imported chemical products, machinery, and transport materials. The Customs Union agreement has encouraged the trade between the two entities because it stipulates free circulation of goods. The products having an ATR certificate and being delivered to Turkey have preferential treatment. The Customs Union refers to industrial goods and not agricultural products, except the processed agricultural ones, services, and public procurement. The trading sector is one of the largest contributo...

The major exports from India are engineering goods, refined petroleum, gems, jewelry, chemicals, agricultural products and textiles, the major Indian imports were crude petroleum, gold, coal briquettes, diamonds and petroleum gas.   India main imports are: mineral fuels, oils and waxes and bituminous substances (27 percent of total imports); pearls, precious and semi-precious stones and jewelry (14 percent); electrical machinery and equipment (10 percent); nuclear reactors, boilers, machinery and mechanical appliances (8 percent); and organic According to the Guardian[1], India's biggest export was petroleum, followed by gems and jewelry, pharmaceutical products, transport equipment, machinery and instruments, ready made garments, metals, electronics, rubber/glass and products, cotton, yarn and fabrics. India main imports are: mineral fuels, oils and waxes and bituminous substances (27 percent of total imports); pearls, precious and semi-precious stones and jewelry (14 per...

Its top imports are Refined Petroleum ($3.77B), Cars ($1.28B), Packaged Medicaments ($953M), Gold ($668M) and Raw Iron Bars ($396M). The top export destinations of Lebanon are South Africa ($316M), the United Arab Emirates ($265M), Syria ($246M), Saudi Arabia ($239M) and Switzerland ($237M). The main exported commodities are jewelry, base metals, chemicals, miscellaneous consumer goods, fruit and vegetables, tobacco, construction minerals, electric power machinery and switchgear, textile fibers and paper. Lebanon has highly negative net exports and therefore deep international trade deficits under the mineral fuels including oil category, notably for refined petroleum oils, petroleum gases and petroleum coke. Overview. Lebanon relies heavily on energy imports to meet domestic demand. In 2010, the country imported 120,000 barrels per day (bbl/d) of refined oil products, which accounted for over 90% of total primary energy demand in the country. ... In the near-term, Lebanon wil...

As the virus spread, countries raced to find ways to combat and manage the outbreak. Tragically, this is no easy task, but a small number of countries have proven to be remarkable successes, none more so than Israel, regarded as the safest country in the world in the fight against COVID-19. The Deep Knowledge Group recently released its worldwide safety rankings which found that Israel’s quarantine efficiency, ability to monitor and detect the virus, its emergency treatment readiness and government management efficiency, put the Jewish state on the vanguard. Business news  When Nalima Kariappa took over the day-to-day management of her family's 200-acre coffee estate in Chikmagalur, in the southwestern Indian state of Karnataka, after her husband's death in 2007, she never imagined just how far the family business would come. "Frankly, I wanted to close and go after my husband was diagnosed with cancer. At the point that he was preparing the estate's affairs...