Localism

Turkey's machinery exports reached $17.1 billion in 2020, marking a decrease of just 4% despite the novel coronavirus pandemic, an exporters group said on Jan. 20. 

The machinery sector increased its performance by 17.5% in December and 9% in the last quarter, said the statement by the Machinery Exporters' Association (MAIB).

Undoubtedly the global political system has entered a period of instability and we can see that and the resulting complications on a daily basis.

The actions of the US President have undermined the credibility of the once sole superpower.

Δείτε ακόμη: Politico - Το «μισό» θαύμα της Ελλάδας

Turkey breaks export records despite global trade wars and rising protectionism, the country's trade minister said on Aug. 6. 

The population of Bulgaria, Latvia, Poland, Romania, Croatia and Ukraine is declining. In some of these countries - at a drastic pace. And alongside this, the problem of labor shortages is also becoming more and more dramatic.

The European Parliament on Wednesday approved an accord with Japan that has been dubbed the world's biggest trade deal, covering economies that represent a third of the world's GDP, reports AFP.

Greece's industrial sector experienced some deterioration last month according to data compiled by the Foundation for Economic and Industrial Research (IOBE).

Its business expectations index fell to 104.5 points in September, from 105.9 in the previous monthly survey.

Latin America's economic growth is set to come in lower than expected this year, as U.S. protectionism and widespread wariness of emerging markets put a drag on the region, a U.N. panel said on Aug. 23.

The European Union and China pledged on June 25 to uphold a rules-based international trade system, making an oblique criticism of growing protectionism in Washington despite their own disagreements.

Greece is closely following developments in the ongoing US-China trade dispute, strongly supports cross-border cooperation and opposes protectionism, Greece's deputy economy and development minister told Xinhua in Athens.

The world's financial leaders rejected protectionism on Tuesday and urged "further dialogue" on trade, but failed to defuse the threat of a trade war days before U.S. metals tariffs take effect and Washington is to announce measures against China.