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Economy

The ongoing conflict in Ukraine continues to have a significant impact on the global agriculture industry.

American farmers have a strong interest in the events unfolding in Ukraine, as they are keen to understand the impact of the war on both international farmers and their own agricultural practices. VOA reporter Kane Farabaugh brings us the latest…

The tension between the US and China may prove advantageous for APEC countries.

Several countries in the Asia-Pacific Economic Cooperation group could benefit from the recent trend of American businesses relocating their production from China to nations with strong ties to the United States. VOA reporter Jessica Stone provides an explanation for this…

African companies are managing trade with both the United States and China.

African officials are advocating for an extension of a beneficial U.S. trade policy that grants them unrestricted entry to the U.S. market until 2025. Kate Bartlett interviewed U.S. trade envoy Katherine Tai at the yearly African Growth and Opportunity Act…

The Australian leader praises the significant meeting with the President of China in Beijing.

SYDNEY —  Prime Minister of Australia, Anthony Albanese, extended an invitation to Chinese President Xi Jinping to visit Canberra following a successful summit in Beijing. Albanese is the first Australian prime minister to visit mainland China since 2016, following years…

Biden Welcomes Leaders from Latin America for Summit on Economic Affairs in the Americas

On Friday, U.S. President Joe Biden hosted leaders from Latin America, the Caribbean, and Canada at the inaugural Americas Partnership for Economic Prosperity Leaders’ Summit, which aimed to enhance economic ties, fortify U.S. investments in the region, and tackle immigration…

Offshore wind initiatives encounter financial challenges and pose a threat to President Biden’s clean energy objectives.

WASHINGTON —  The recent cancellation of two major offshore wind projects in New Jersey is another obstacle for the emerging U.S. offshore wind sector. This puts at risk the Biden administration’s plans to generate electricity for 10 million homes through…

The US Trade Representative, Tai, Discusses Trade Policy in Africa as Summit Concludes.

johannesburg —  The yearly meeting of the African Growth and Opportunity Act, which grants duty-free entry to the U.S. economy for qualifying countries in sub-Saharan Africa since 2000, concluded in South Africa on Saturday. Under AGOA, total goods imports into…

The United States assumes the role of promoting infrastructure development in Africa, previously held by China.

JOHANNESBURG —  The U.S. State Department has officially announced that their efforts to renovate and expand the Lobito Corridor, a railway connecting Zambia and the Democratic Republic of Congo to an Atlantic port in Angola, are progressing rapidly. In the…

Biden to Hold Discussions with Latin American Leaders Regarding Economy and Immigration

WASHINGTON —  On Friday, U.S. President Joe Biden will convene with leaders from Latin America and the Caribbean at the White House to address economic matters and migration. His goal is to strengthen relationships in the region in response to…

Biden to Host First-Ever Americas Economic Summit

washington —  On Friday, President Joe Biden will promote his proposal to strengthen economic ties among Western Hemisphere countries. He will welcome leaders from 11 other nations to the White House for the newly formed Americas Partnership for Economic Prosperity….