- Global trade is shifting towards South-South corridors, with this trade accounting for 35% of global commerce.
- A new trade deal has been reached between Europe and South America, leading to lower import taxes on hundreds of products.
Cheap imports from South America are squeezing producers, with Hungary being one of the EU nations mentioned.
1 report, 1 independent
Updated 00:00
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What happened
Cheap imports from South America are squeezing producers, with Hungary being one of the EU nations mentioned.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Hungary
country in Central Europe
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South America
continent located mainly in the southwestern quadrant of the Earth