
OECD transport ministers gather in Germany to address resilience amid trade disruptions
LEIPZIG, Germany, May 6 (Yonhap) -- Transport ministers and senior officials fro...

LEIPZIG, Germany, May 6 (Yonhap) -- Transport ministers and senior officials fro...

Hong Kong's exports jumped 35.8% year-on-year in March to HK$618.4 billion, the sharpest growth since January 2021, driven by strong global demand for AI-related electronic products. Imports rose 41.2% to HK$707.5 billion, creating a trade deficit of HK$89.1 billion. Despite the positive numbers, authorities warned of headwinds from geopolitical tensions in the Middle East that could disrupt global trade flows and supply chains.

Hong Kong's exports surged 35.8% year-on-year in March to HK$618.4 billion, the sharpest growth in over five years, driven by strong global demand for AI-related electronic products. Imports rose 41.2%, creating a trade deficit of HK$89.1 billion, while authorities warned of downside risks from Middle East geopolitical tensions.

India and New Zealand have signed a comprehensive trade agreement in New Delhi that will cut or eliminate tariffs on 95% of New Zealand's exports to India while making all Indian exports to New Zealand duty-free. The deal, negotiated over nine months and agreed in December, includes a New Zealand commitment to invest US$20 billion in India over the next 15 years. The agreement comes as both nations seek to diversify export markets amid US tariffs and regional instability.