Import and Export News-2024-07-31- Waymore Tools

Today's news:

1. The Malaysian Prime Minister's Office issued a statement on the 28th, saying that Malaysia has sent a letter to Russia, the rotating chair of the BRICS countries, to apply to join the BRICS cooperation mechanism.

2. Preliminary data released by the Swedish Statistics Bureau on the 29th showed that in the three months ending in June, the country's gross domestic product (GDP) fell by 0.8% month-on-month, the largest drop since the last quarter of 2022. Previously, the economy grew by 0.7% month-on-month in the first quarter, stronger than expected.

3. The UAE and Morocco recently finalized the terms of the Comprehensive Economic Partnership Agreement (CEPA), which will promote bilateral trade and investment and help the UAE achieve its medium-term foreign trade goal of reaching 4 trillion dirhams (about 1 trillion US dollars) in non-oil foreign trade by 2031.

4. The National Bank of Ethiopia announced on the 29th that it would make major revisions to the country's foreign exchange system, which will take effect immediately. The National Bank of Ethiopia announced a shift to a market-based foreign exchange system, allowing banks to buy and sell foreign currencies to or between customers at freely negotiated exchange rates in the future. The national bank will only intervene in limited circumstances when the market is in chaos.

5. According to a report on the Bloomberg News website on the 27th, about half of the World Trade Organization members reached a preliminary agreement on e-commerce. The agreement will permanently prohibit tariffs on cross-border digital transactions.

6. Tesla CEO Elon Musk revealed at a public event on the 29th that Tesla expects to open its fully autonomous driving (FSD) function to the Cybertruck electric pickup truck next month.

7. According to the Emirates News Agency on the 27th, the UAE is actively promoting the popularization of electric vehicles to support its sustainable development strategy and carbon emission reduction goals. According to Mordor Intelligence Research, the UAE hybrid and pure electric vehicle market size is expected to grow from US$1.34 billion in 2024 to US$5.19 billion in 2029, with an average annual growth rate of 31.1%.

8. According to Yonhap News Agency, data released by Huanya Economic Data Co., Ltd. on the 28th showed that South Korea's total exports in the first half of this year were US$334.8 billion, a year-on-year increase of 9%. During the same period, Japan's total exports fell by 3.6% year-on-year to US$338.3 billion. Considering Japan's weak exports and South Korea's continued growth in exports, South Korea's exports are expected to surpass Japan's for the first time this year.

9. It is reported that the European External Action Service has seriously exceeded its spending limit this year, so it has to cancel its spending plans such as business trips and receptions. The European External Action Service was ordered to cut spending by 43.6 million euros, which is close to 5% of its total annual budget.

Support Links

If you find the project helpful, please consider buying me a coffee:

Today’s exchange rate:

Today's Insights: Three secrets to effective communication

To Communicate Effectively, You Must First Learn to Listen
Effective Communication Requires Frankness and Sincerity
No Matter How Good the Relationship Is, You Must Communicate Skillfully

To Communicate Effectively, You Must First Learn to Listen

Some people think that only by constantly expressing can communication be promoted. In fact, good communication is not only one-way expression but also attentive listening. If you want to communicate effectively with others, you must understand and be good at listening to others' opinions.

I have seen a sentence, "Silence when listening can move people more than thousands of words." Real listening is not just hearing the speaker's words with your ears, but also feeling the emotions expressed by the other party with your whole body and mind.

People who are good at listening will give a timely response of approval and maintain empathy with the other party. Taking seriously what others say and knowing how to listen is the key to effective communication and the wisdom of life.

Effective Communication Requires Frankness and Sincerity

Communication is something we experience every day, and it seems that everyone can do it. However, sometimes, when we try to communicate with others, it can turn into an "ineffective communication" situation where "I can't understand you".

Conflicts and barriers between people are often due to the lack of heart-to-heart communication. Sincerely and frankly expressing your thoughts and feelings is the key to establishing good communication.

If you want to gain the support of the other party, you must sincerely consider the problem from their perspective and frankly explain the reasons. If you find your own shortcomings, you must also admit them frankly, and both parties will seek a better solution together. Effective communication can bring people closer, eliminate barriers, and enrich our lives.

No Matter How Good the Relationship Is, You Must Communicate Skillfully

Sometimes communication is not for the purpose of determining right or wrong but for bringing two people closer. Whether it is family, friendship, or love, since it involves "emotion", it is difficult to completely "reason" in communication. If you must distinguish between winning and losing, right and wrong, you may hurt yourself and the other party.

No matter how good the relationship is, you must pay attention to communication skills and try to express your position and needs peacefully and equally. The communication effect will be much better. For example, starting with "I understand why you feel this way" or "I understand what you want to say" will make people feel much more comfortable than "Why do you think this way" or "You shouldn't be like this".

Effective communication can fill the "generation gap", eliminate barriers, foster mutual understanding, resolve misunderstandings, deepen feelings, and make people happy. I hope you can communicate without obstacles, both "speaking clearly" and "listening clearly". When a person truly learns to communicate, life will definitely be smoother.