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It is important for Taiwan to restructure the pork production industry and only allow importation within specified limits at first, before gradually increasing import quotas over time until imports are fully opened up; in this way, it should be possible to minimize the harm caused to the domestic industry.
See, the weaker yen has increased inflation, albeit slowly, by increasing import prices, which has then spilled over to others.
Costlier oil will add to many Asian economies' woes by increasing import bills for companies and countries.
Increasing import dependency puts us at the mercy of not only volatile global energy markets, but both physical and political energy security issues.
But that implies other changes that aren't materialising: a steadily falling dollar, a rising current-account deficit, and increasing import prices.
Samuel Tombs, the chief UK economist at Pantheon Macroeconomics, said food inflation was likely to increase further over the coming months, in response to increasing import prices, which rose 5.5% in January.
Similar(42)
Analysts had expected that increasing imports from Venezuela and Saudi Arabia would send inventories higher.
Though the United States has been increasing imports, oil prices have fallen recently.
Though the United States has been increasing imports, oil prices had fallen over the last few weeks.
And China is increasing imports and production of natural gas, the cleanest fossil fuel.
This year, rapidly increasing imports are set to account for an even larger share of the entire global coal market.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com