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The port, a crucial hub for Bangladesh’s trade, has been facing a sharp increase in cargo traffic, exacerbated by a combination of factors, including logistical inefficiencies, outdated infrastructure, and a surge in imports and exports.
The strategic adaptations are designed to position the Port of Salalah as a resilient and reliable alternative for shipping companies affected by the Red Sea disruptions.
The proposed multi-purpose berth will be designed to accommodate various types of cargo, including bulk, general, and containerized goods. This development aligns with the Sagarmala project's objective of modernizing and expanding India's port infrastructure to improve connectivity, efficiency, and trade competitiveness.
The export batch includes a range of coconut products such as coconut water, coconut milk, and desiccated coconut. Minister Hasan, addressing attendees in South Lampung District, emphasized Indonesia’s strategic advantage as a leading coconut producer. "As a major coconut-producing nation, we are well-positioned to supply markets that lack local production capabilities," Hasan stated.
The government’s focus on maritime development also extends to enhancing connectivity between ports and hinterland regions. In order to guarantee smooth cargo transportation to and from ports, efforts are being made to upgrade the road and rail infrastructure.
The downturn is largely attributed to escalating trade tensions between Japan and China. The two nations, historically major trading partners, have been engaged in a series of disputes that have increasingly affected bilateral trade. China, Japan's largest food export destination, has imposed stricter regulations and tariffs on Japanese agricultural products, which has led to a noticeable reduction in exports.
Chinese President Xi Jinping has encouraged Xiamen Airlines to actively contribute to economic and social development and to strengthen exchanges and cooperation across the Taiwan Strait.
The New International Land-Sea Trade Corridor saw substantial growth in the first five months of 2024, handling 26,900 tonnes of freight across 1,491 truck trips. The corridor now connects 19 countries, boosting regional and international trade.
Japan Tobacco has strategically revamped its supply chains to align with Western sanctions against Moscow while ensuring its foothold in the lucrative Russian market remains intact, according to CEO Masamichi Terabatake.
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