Israel Trade Agreement | Malaysia GDP Growth | DHL Global Connectedness Index

Posted on 28/02/2019 by DHL Express

UK and Israel sign trade and cooperation agreement

An agreement signed by Israel’s Minister of Economy, Eli Cohen, and the UK Secretary of State for International Trade, Dr Liam Fox, will help to further strengthen the trading relationship between the UK and Israel, which was worth £4 billion in the year ending 2018 Q3.

Dr Liam Fox praised the strong trading relationship Israel and the UK currently have. “Today’s agreement will further help ensure UK and Israeli businesses, exporters and consumers have the certainty they need to continue trading freely and in confidence as the UK prepares to leave the EU.”

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Malaysia’s GDP to expand 4.9 per cent in 2019

Malaysia’s Finance Minister, Lim Guan Eng, has said that the country’s Gross Domestic Product (GDP) is predicted to expand 4.9 per cent this year. The news follows consumer prices easing to the lowest in almost a decade in January. However, the Finance Minister has said that January’s fall in Consumer Price Index (CPI) was not caused by a recession or any kind of weak demand.

Lim Guan Eng also commented on the benefits this will hold for companies wanting to move into the Malaysian market. “The price decline should improve the purchasing power of Malaysian consumers and add to economic growth.”

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DHL Global Connectedness Index: Globalisation hits new record high

The fifth edition of the DHL Global Connectedness Index (GCI) has been released, detailing globalisation measured by international flows of trade, capital, information and people. The latest report is the first comprehensive assessment of globalisation development across 169 countries since the decision for Britain to leave the EU and the 2016 presidential election in the United States.

CEO of DHL Express, John Pearson, commented on the untapped potential around the world. “The GCI shows that currently, most of the movements and exchanges we’re seeing are domestic rather than international, yet we know that globalisation is a decisive factor in growth and prosperity.”

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