Figure 1: imports from and exports to both eu and non-eu countries increased in june 2024, eu and non-eu goods imports and exports, excluding precious metals, current prices, seasonally adjusted, june 2021 to june 2024.
After removing the effect of inflation by calculating "chained volume measures" (explained in Section 12: Glossary ), total goods imports increased by £3.0 billion (7.8%) in June 2024 (Figure 2). Imports from the EU rose by £2.1 billion (9.9%) and imports from non-EU countries rose by £0.9 billion (5.3%).
Total goods exports increased by £2.7 billion (11.0%) in June 2024, after the effect of inflation was removed. This was because exports to the EU increased by £1.5 billion (12.7%), and exports to non-EU countries increased by £1.2 billion (9.4%).
Imports and exports of goods, excluding precious metals, current prices and chained volume measures, seasonally adjusted, eu and non-eu, june 2021 to june 2024, 3. monthly trade in goods by commodity, goods imports.
Imports from the EU increased by £2.1 billion (8.4%) in June 2024, primarily because of a £1.1 billion rise in imports of machinery and transport equipment (Figure 3). Imports of food and live animals and miscellaneous manufactures each increased by £0.3 billion and there was also a £0.2 billion rise in chemical imports.
The increase in imports of machinery and transport equipment was primarily because of increased imports of mechanical machinery and aircraft from France. The rise in imports of miscellaneous manufactures was linked to increases in other manufactures from Germany.
Imports from non-EU countries increased by £1.2 billion (5.6%) in June 2024. This was mainly because of a £0.6 billion rise in imports of machinery and transport equipment, as well as a £0.2 billion rise in imports of material manufactures.
The rise in imports of machinery and transport equipment was because of an increase in imports of aircraft from the United States and cars from China.
Eu and non-eu goods imports by commodity, current prices, seasonally adjusted, june 2022 to june 2024, goods exports.
Exports to the EU increased by £1.4 billion (9.6%) in June 2024. This was primarily because of a £0.8 billion increase in exports of machinery and transport equipment, a £0.3 billion increase in chemical exports, and a £0.2 billion increase in exports of material manufactures and fuels (Figure 4).
The increase in machinery and transport equipment exports was linked to an increase in exports of aircraft and electrical machinery to Germany, and mechanical machinery to France. The rise in chemical exports was linked to a rise in exports of medicinal and pharmaceutical products to Ireland.
Exports to non-EU countries increased by £0.9 billion (5.7%) in June 2024. This was because of a £0.9 billion increase in exports of chemicals, linked to a rise in inorganic chemicals, medicinal and pharmaceutical products and organic chemicals to the United States. Miscellaneous manufactures also increased by £0.3 billion, driven by small rises across multiple countries and commodities.
Eu and non-eu goods exports by commodity, current prices, seasonally adjusted, june 2022 to june 2024, 4. monthly trade in services.
Early estimates suggest imports of services decreased by around £0.5 billion (1.9%) in value terms in June 2024, while exports rose by £0.2 billion (0.5%) (Figure 5). Although price rises have affected trade in services in recent months, in June 2024 there was little difference between trade in services trends in value and inflation-adjusted terms. Imports in inflation-adjusted terms decreased by £0.6 billion (2.6%) while exports increased by £0.2 billion (0.5%).
Monthly figures for trade in services for June 2024 are estimated from Quarter 2 (Apr to June) 2024 data, using additional data sources. Our UK Trade Quality and Methodology Information (QMI) has more detail on how our trade in services statistics are compiled.
The S&P Global Purchasing Managers' Index for June 2024 reported slowing growth in service sector activity, with business activity growing at the slowest rate for seven months. Demand for business services weakened domestically, but foreign spending on services increased.
Imports and exports of services, current prices and chained volume measures, seasonally adjusted, june 2021 to june 2024, 5. quarterly trade in goods and services.
Total imports of goods increased by £9.0 billion (6.6%) in Quarter 2 (Apr to June) 2024, compared with Quarter 1 (Jan to Mar) 2024 (Table 2). Goods imports from the EU increased by £2.8 billion (3.6%), while goods imports from non-EU countries rose by £6.2 billion (10.4%).
Exports of goods increased by £1.2 billion (1.3%) in Quarter 2 2024. Goods exports to the EU increased by £0.5 billion (1.1%), while goods exports to non-EU countries increased by £0.7 billion (1.5%).
Early estimates indicate that imports of services increased by £2.6 billion (3.3%) in Quarter 2 2024 compared with Quarter 1 2024 and exports of services rose by an estimated £3.3 billion (2.8%).
Exports | Imports | Balance | ||
---|---|---|---|---|
Total trade: Quarter 2 (Apr to June) 2024 vs Quarter 1 (Jan to Mar) 2024 | Value (£bn) | 214.7 | 228.0 | -13.3 |
Change (£bn) | 4.5 | 11.6 | -7.1 | |
% Change | 2.1 | 5.4 | ||
Total trade in goods: Quarter 2 (Apr to June) 2024 vs Quarter 1 (Jan to Mar) 2024 | Value (£bn) | 92.3 | 144.8 | -52.4 |
Change (£bn) | 1.2 | 9.0 | -7.8 | |
% Change | 1.3 | 6.6 | ||
Trade in goods, EU: Quarter 2 (Apr to June) 2024 vs Quarter 1 (Jan to Mar) 2024 | Value (£bn) | 44.4 | 78.9 | -34.4 |
Change (£bn) | 0.5 | 2.8 | -2.3 | |
% Change | 1.1 | 3.6 | ||
Trade in goods, non-EU: Quarter 2 (Apr to June) 2024 vs Quarter 1 (Jan to Mar) 2024 | Value (£bn) | 47.9 | 65.9 | -18.0 |
Change (£bn) | 0.7 | 6.2 | -5.5 | |
% Change | 1.5 | 10.4 | ||
Total trade in services: Quarter 2 (Apr to June) 2024 vs Quarter 1 (Jan to Mar) 2024 | Value (£bn) | 122.3 | 83.2 | 39.1 |
Change (£bn) | 3.3 | 2.6 | 0.7 | |
% Change | 2.8 | 3.3 |
6. quarterly trade in goods by commodity.
Imports of goods from the EU increased by £2.8 billion (3.6%) in Quarter 2 (Apr to June) 2024 compared with Quarter 1 (Jan to Mar) 2024, mainly because of a £1.4 billion increase in imports of machinery and transport equipment (Figure 6). There was also a £0.5 billion rise in imports of material manufactures and a £0.4 billion rise in imports of food and live animals.
The rise in imports of machinery and transport equipment was because of increased imports of cars from Belgium, ships from Italy, and mechanical machinery from Germany. The rise in imports of material manufactures was because of increased imports of non-ferrous metals from Switzerland.
Imports from non-EU countries increased by £6.2 billion (10.4%) in Quarter 2 2024, because of a £2.0 billion rise in imports of fuels and a £1.7 billion rise in machinery and transport equipment. Additionally, imports of material manufactures rose by £0.9 billion, and imports of miscellaneous manufactures increased by £0.7 billion.
The rise in imports of fuels was mainly driven by increased imports of refined oil from India following the decrease seen in Quarter 1 2024. The rise in imports of machinery and transport equipment was linked to increased imports of aircraft from the United States and ships from China.
Exports to the EU increased by £0.5 billion (1.1%) in Quarter 2 2024, because of a £0.3 billion rise in chemicals exports and a £0.2 billion rise in material manufactures exports. These increases were partially offset by £0.2 billion falls in exports of both fuels and machinery and transport equipment.
The increase in chemical exports was mainly because of a rise in organic chemicals to Belgium, while the decreases in exports of fuels and machinery and transport equipment were driven by a fall in crude oil exports to Poland and reduced cars to Belgium.
Exports to non-EU countries increased by £0.7 billion (1.5%) in Quarter 2 2024, because of a £0.7 billion rise in exports of machinery and transport equipment and a £0.6 billion rise in chemical exports. This was partially offset by a £0.8 billion fall in exports of material manufactures.
The rise in machinery and transport equipment exports was because of an increase in exports of mechanical machinery to Hong Kong, and the rise in chemicals exports was because of increased exports of medicinal and pharmaceutical products to the United States.
Changes in imports and exports by goods commodity group, excluding unspecified goods, current prices, seasonally adjusted, quarter 2 (apr to june) 2024 compared with quarter 1 (jan to mar) 2024, 7. quarterly trade in services by account type.
Early estimates indicate that imports of services increased by £2.6 billion (3.3%) in Quarter 2 (Apr to June) 2024 compared with Quarter 1 (Jan to Mar) 2024. The largest rises in imports were a £1.4 billion increase in other business services, a £0.7 billion increase in intellectual property services, and a £0.5 billion increase in construction services (Figure 7). These rises were partially offset by a £0.6 billion decrease in travel services and a £0.2 billion decrease in insurance and pension services.
Exports of services increased by £3.3 billion (2.8%) in Quarter 2 2024, because of rises in several service types including a £1.8 billion rise in other business services, a £0.9 billion rise in travel and a £0.7 billion rise in telecoms, computer, and information services. These increases were partially offset by a £0.4 billion fall in financial services.
Changes in imports and exports by service account type, current prices, seasonally adjusted, quarter 2 (apr to june) 2024 compared with quarter 1 (jan to mar) 2024.
Download this chart figure 7: both imports and exports of travel and transport services increased in quarter 2 2024, 8. quarterly total trade balances.
The total goods and services trade balance, excluding precious metals, widened by £7.1 billion to a deficit of £13.3 billion in Quarter 2 (Apr to June) 2024 (Figure 8), as imports of goods increased by more than exports. Imports rose by £11.6 billion over this period, and exports increased by £4.5 billion. When removing the effect of inflation, the total trade deficit, excluding precious metals, widened by £6.3 billion to £13.3 billion.
The trade in goods deficit in value terms, excluding precious metals, widened by £7.8 billion to £52.4 billion in Quarter 2 (Apr to June) 2024, as both goods exports and imports increased. The trade in services surplus is estimated to have widened by £0.7 billion to £39.1 billion, driven by an increase in exports of services.
Uk trade balances, current prices, seasonally adjusted, quarterly, quarter 2 (apr to june) 2021 to quarter 2 (apr to june) 2024.
9. explore uk trade in goods country-by-commodity data for 2023.
Explore the 2023 trade in goods data using our interactive tools. Our data break down UK trade in goods with 234 countries by 125 commodities.
Use our map to get a better understanding of what goods the UK traded with a country. Select a country by hovering over it (desktop only) or use the drop-down menu.
For more information about our methods and how we compile these statistics, see our Trade in goods, country-by-commodity experimental data: 2011 to 2016 article . Users should note that the data published alongside this release are official statistics and no longer experimental.
These data are our best estimate of these bilateral UK trade flows. Users should note that alternative estimates are available, in some cases, through the statistical agencies for bilateral countries or through central databases, such as United Nations (UN) Comtrade .
This interactive map denotes country boundaries in accordance with statistical classifications set out in Appendix 4 of the Balance of Payments (BoP) Vademecum (PDF, 2.9MB) and do not represent the UK policy on disputed territories.
You can also explore the 2023 trade in goods data by commodity, such as car exports to the EU, and UK tea or coffee imports.
Select a commodity from the drop-down menu or select the levels with your digit or cursor to explore the data.
In accordance with the National Accounts Revisions Policy , the data in this release have been revised from April 2024 to May 2024 for both goods and services.
The 2024 UK annual national accounts , also known as Blue Book 2024, will incorporate a number of methodological changes focused on data pertaining to recent years, along with the addition of more recent survey and administrative information.
On 7 August we published our Blue Book 2024: advanced aggregate estimates article to give users details of the impact of the 2024 UK national accounts update on current price and chained volumes measure estimates of GDP from 1997 to 2022.
This estimates 2022 for the first time using the supply and use tables (SUTs) framework, as well as improving the estimates of 2020 and 2021 with more recent data. We have also implemented outstanding classification decisions affecting the public sector, as well as improvements to the UK trade gas exports deflator. Additionally, we have updated the base year to 2022 after holding this fixed since the start of the coronavirus (COVID-19) pandemic.
The next Quarterly National Accounts release on 30 September 2024 will incorporate these revisions, and any updates to 2023 onwards, in our official estimates in line with our National Accounts Revision Policy .
These revisions will be included in our UK trade: August 2024 bulletin publication on 11 October 2024.
Until the Blue Book 2024 data are incorporated into our monthly UK trade estimates on 11 October 2024, our UK trade estimates will continue to have a reference and base year of 2019.
UK trade: goods and services publication tables Dataset | Released 15 August 2024 Monthly data on the UK's trade in goods and services, including trade inside and outside the EU.
UK trade time series Dataset MRET | Released 15 August 2024 Monthly value of UK exports and imports of goods and services by current price, chained volume measures (CVMs) and implied deflators (IDEFs).
UK trade in goods by classification of product by activity time series Dataset MQ10 | Released 15 August 2024 Quarterly and annual time series of the value of UK imports and exports of goods grouped by product. Goods are attributed to the activity of which they are the principal products.
Customise my dataset: country by commodity Dataset | Released 15 August 2024 Customisable version of country by commodity data on the UK's trade in goods, including trade by all countries and selected commodities, exports and imports, non-seasonally adjusted.
Other related trade data Dataset web page | Released 15 August 2024 Other UK trade data related to this publication. These include trade in goods for all countries with the UK, monthly export and import country-by-commodity trade in goods data, and revisions triangles for monthly trade data.
Chained volume measures.
Chained volume measures (CVMs) are a "real" measure in that they have had the effect of inflation removed to measure the change in volume between consecutive periods, fixing the prices of goods and services in one period (known as the base year, which is 2019 for trade).
Current price estimates (CPs) measure the actual price paid for goods or services and are not adjusted for inflation. Unless otherwise stated, all current price data are provided in £ million and are seasonally adjusted.
Inflation is the change in the average price level of goods and services over a period of time.
An implied deflator (IDEF) shows the implied change in average prices for the respective components of the trade balance, for example, the IDEF for imports will show the average price movement for imports.
Precious metals include precious metals, silver, platinum and palladium, and it forms part of the commodity group "unspecified goods". Non-monetary gold comprises the majority of this group and is the technical term for gold bullion not owned by central banks.
The trade balance is the difference between exports and imports or exports minus imports. When the value of exports is greater than the value of imports, the trade balance is in surplus. When the value of imports is greater than the value of exports, the trade balance is in deficit. The balance is sometimes referred to as "net exports".
A full Glossary of economic terms is available.
The UK leaving the EU and the subsequent transition period, along with the impact of the coronavirus (COVID-19) pandemic, supply chain disruption and global recession, have caused higher levels of volatility in trade statistics in recent years. The monthly analysis shows short-term trade movements, but it is important to note that monthly data can be erratic, so movements should be treated with caution.
Since the UK left the EU on 31 January 2020, the arrangements for how the UK trades with the EU changed.
HM Revenue and Customs (HMRC) implemented some data collection changes following Brexit, which affected statistics on UK trade in goods with the EU. We have made adjustments to our estimates of goods imports from the EU in 2021 and 2022 to account for these changes, however a structural break remains in the full time series for goods imports from and exports to the EU from January 2021.
We advise caution when interpreting and drawing conclusions from these statistics. Our article, Impact of trade in goods data collection changes on UK trade statistics: summary of adjustments and the structural break from 2021 , provides more detail.
Data from HMRC make up over 90% of trade in goods value and are the main source for this release. Data from the quarterly International Trade in Services (ITIS) Survey make up over 50% of trade in services data. View our UK Trade Quality and Methodology Information (QMI) for more detail.
Data from the International Passenger Survey (IPS) are the main source for travel services, historically making up around 8% of total imports. The survey has now fully resumed following the suspension in 2020.
Unless otherwise specified, data within this bulletin are in current prices and have not been adjusted to remove the effects of inflation. In line with international standards, our headline trade statistics contain the UK's exports and imports of non-monetary gold. More information can be found in National Accounts articles: A brief explanation of non-monetary gold in national accounts .
Trade is measured through both exports and imports of goods and services. Data are supplied by over 30 sources, including several administrative sources, with HMRC being the largest for trade in goods.
Our UK trade figures are produced using country of dispatch, which records imports as coming from the country dispatching the shipments. However, trade figures can also be produced using country of origin, as is used by the Department for Energy Security and Net Zero (DESNZ). Users should be aware of the different accounting methods used and the resulting differences across trade figures.
Monthly trade in services data are taken from quarterly trade in services data and split across the months within that quarter through estimation. In months where we have a full quarter's data, we revise previous estimates of monthly values within that quarter.
View more detailed information about the methods used to produce UK trade statistics in our UK Trade methodology .
National statistics designation status.
The UK Statistics Authority suspended the National Statistics designation of UK trade (PDF, 72.9KB) on 14 November 2014. We have now responded to all of the specific requirements of the Office for Statistics Regulation's (OSR's) reassessment of UK trade . As part of our engagement with the OSR team, we are sharing our continuous improvement and development plans to support UK trade statistics regaining Accredited official statistics status . We welcome feedback on our new trade statistics, developments, and future plans, by email to [email protected] .
Asymmetries can be caused by a range of conceptual and measurement variations between the estimation practices of different countries. Statistical agencies are likely to have different source data, estimation methods, and methodological, geographical, and definitional differences. HM Revenue and Customs (HMRC) publishes more information on UK trade asymmetries . We publish analysis on trade in services asymmetries in our Asymmetries in trade data articles .
More quality and methodology information (QMI) on strengths, limitations, appropriate uses, and how the data were created is available in our UK Trade QMI .
UK trade in goods, year in review: 2023 Article | Released 1 March 2024 Analysis of UK trade in goods in 2023 in the context of volatile pricing trends.
Impact of trade in goods data collection changes on UK trade statistics: summary of adjustments and the structural break from 2021 Article | Released 22 January 2024 Details of the structural break affecting goods imports from and exports to the EU from January 2021, resulting from the move from Intrastat to customs declarations.
Trading places: How we are producing consistent estimates of trade figures following the UK's EU exit Blog post | Released 10 February 2023 A blog summarising the changes to the way trade in goods is recorded following the UK's exit from the EU, and how we are responding to their impact.
Focus on UK trade Article series | Latest release 26 January 2023 A series of articles taking a closer look at emerging themes in UK trade statistics.
The impact of sanctions on UK trade with Russia: November 2022 Article | Released 26 January 2023 An analysis of the impact of economic sanctions of UK trade in goods with Russia.
Different ways of measuring trade: Where do our imports come from? Blog post | Released 26 January 2023 A blog outlining the differences between country of origin and country of dispatch for import statistics.
Office for National Statistics (ONS), released 15 August 2024, ONS website, statistical bulletin, UK trade: June 2024
FILE - Vice President Kamala Harris stands in front of mountains during a news conference, June 25, 2021, at the airport after her tour of the U.S. Customs and Border Protection Central Processing Center in El Paso, Texas. (AP Photo/Jacquelyn Martin, File)
FILE - Vice President Kamala Harris, right, smiles as women speak to her about their businesses during a meeting with Guatemalan women entrepreneurs and innovators at the Universidad del Valle de Guatemala, June 7, 2021, in Guatemala City. (AP Photo/Jacquelyn Martin, File)
FILE - Vice President Kamala Harris walks to board Air Force Two to return to Washington, Jan. 27, 2022, in Palmerola, Honduras. (Erin Schaff/The New York Times via AP, Pool, File)
FILE - Vice President Kamala Harris speaks to the media, June 8, 2021, at the Sofitel Mexico City Reforma in Mexico City. (AP Photo/Jacquelyn Martin, File)
FILE - Vice President Kamala Harris and Mexican President Andrés Manuel López Obrador wave from the balcony of the Eisenhower Executive Office Building on the White House complex in Washington, Nov. 18, 2021. (AP Photo/Susan Walsh, File)
WASHINGTON (AP) — President Joe Biden , watching tens of thousands of migrants from Central America reach the U.S.-Mexico border just a few months into his administration, tapped his second-in-command to help address the influx — a decision that has exposed Vice President Kamala Harris to one of her biggest political liabilities.
In grappling with migration , Harris proceeded cautiously. She focused her time and prestige on boosting private investment in El Salvador, Honduras and Guatemala, the so-called Northern Triangle; her goal was to help create jobs to bolster economies and dissuade migrants from making the perilous journey to the United States.
It was a decidedly long-term — and limited — approach to a humanitarian crisis, and it has allowed Republicans to tie her to the broader fight over the border. While migration from the Northern Triangle ebbed, it surged from other nations, sparking an emergency at the U.S.-Mexico border, one that Republicans have aggressively sought to exploit at Harris’ expense.
What to know about the 2024 Election
A review of Harris’ work on immigration reveals a record that is more nuanced than the one presented by her critics or allies. It also provides insights into how Harris — who took over as the Democratic standard-bearer when Biden dropped out of the presidential race last month — might tackle one of the nation’s most vexing concerns.
Harris was never the “border czar,” or put in charge of border security or halting illegal border crossings, as former President Donald Trump, Republicans and even the occasional media outlet have claimed. Instead, she was tasked in March 2021 with tackling the “root causes” of migration from the Northern Triangle and pushing its leaders — along with Mexico’s — to enforce immigration laws, administration officials said.
Harris’ backers say she demonstrated leadership by leveraging her stature to win investments that might curb migration years down the road.
Vice President Kamala Harris, right, smiles as women speak to her about their businesses during a meeting with Guatemalan women entrepreneurs and innovators at the Universidad del Valle de Guatemala, June 7, 2021, in Guatemala City. (AP Photo/Jacquelyn Martin, File)
“She felt — and I think she was right — that what she could do the most was help basically lead the effort to draw in investment, using the confidence that a relationship with the White House would give to investors,” said Ricardo Zúniga, a former State Department official who specialized in the Northern Triangle and who traveled with Harris to the region.
Critics contend that she could have done far more but chose a less risky path, ensuring the problem only worsened.
“She was like, ‘nope, I’m just root causes,’’” said Mark Krikorian, executive director of the Center for Immigration Studies, which advocates for less immigration. “Even if it worked, it’s the sort of thing that takes generations, not one term.”
He also said there was no evidence that Harris pushed Mexico and the Northern Triangle nations to enforce immigration laws.
Harris has defended her work, and her campaign began running a television ad Friday that said Harris as president would “hire thousands more border agents and crack down on fentanyl and human trafficking.” Democrats have also blasted Trump for helping tank a bipartisan immigration bill earlier this year that would have increased funding for border security, including the hiring of new Customs and Border Protection personnel.
Trump “has been talking a big game on securing the border, but he does not walk the walk,” the vice president said last month in Atlanta . Later, she added, “Donald Trump does not care about border security. He only cares about himself.”
Immigration has long been an issue that motivates Trump and his base of supporters, and polls show it is among the most important issues on the minds of voters. As a presidential candidate in 2016, Trump said he would build a wall along the border between the United States and Mexico and get Mexico to pay for it. Trump was not able to complete the project, and Mexico did not fund the part of the barrier that was constructed. The former president also used explosive language to describe immigrants, launching his campaign by suggesting Mexico was sending its “rapists” and criminals to the United States.
While in office, Trump sought to tightly restrict asylum, which was challenged in the courts. This time around, Trump has promised to oversee a “mass deportation” of migrants who have committed crimes in the United States.
Vice President Kamala Harris walks to board Air Force Two to return to Washington, Jan. 27, 2022, in Palmerola, Honduras. (Erin Schaff/The New York Times via AP, Pool, File)
Migration numbers have spiked and dropped during both presidencies. Border Patrol arrests on the southern border fell in Trump’s first year in office, then shot back up his next two, rising to more than 850,000 in 2019. The numbers plunged in 2020 during the coronavirus pandemic before rising even higher during Biden’s presidency, reaching a peak of more than 250,000 encounters in December 2023, before falling below 84,000 in June of 2024, federal statistics show.
When Biden took office, he reversed dozens of Trump’s moves on immigration even as apprehension numbers began to rise.
Harris received the migration assignment when border crossings were rising, garnering considerable attention and leading to bipartisan calls for action.
Chris Newman, an immigration rights advocate in Los Angeles, said Harris was put in a difficult spot.
“She was tasked with developing a long-term policy framework rather than creating a short-term political performance project,” said Newman, the legal director of the National Day Laborer Organizing Network.
Biden and Harris had taken office only two months before, and Harris was under pressure to build her policy portfolio. When he was vice president, Biden had taken on a similar role on immigration. In 2021, though, Harris was dealing with an especially challenging situation given the lack of governing partners in the region. El Salvador’s new president, Nayib Bukele, had a fraught relationship with the administration due to human rights questions raised by his crackdown on crime in his nation. The man who was then president of Honduras has since been convicted of drug trafficking.
The headaches for Harris began almost immediately, validating the concerns of some on her team that it was a no-win assignment.
Harris traveled to Mexico and Guatemala in June 2021, where she defended the fact she had not been to the U.S.-Mexico border during an interview with NBC’s Lester Holt by saying she hadn’t “been to Europe. And I mean, I don’t … understand the point that you’re making.”
She also drew criticism on that trip for warning migrants bluntly: “Don’t come” to the U.S.
Harris decided to focus on bringing private investment to the region, tapping into a network of business and nonprofit executives and using the prestige of the White House to signal the Biden administration was backing this effort.
The work linked multinational companies — like Visa, Nestle and Meta — with smaller nonprofits and Latin American businesses, all of which pledged to increase their investments or bolster their work with at-risk communities.
Vice President Kamala Harris and Mexican President Andrés Manuel López Obrador wave from the balcony of the Eisenhower Executive Office Building on the White House complex in Washington, Nov. 18, 2021. (AP Photo/Susan Walsh, File)
The Associated Press contacted all the nearly two dozen companies the White House touted as participants in the outreach effort. Some, like AgroAmerica, a sustainable food corporation, that pledged to invest more than $100 million in six new projects, reported their work had begun and they were on track to meet their investment goals. Others, including Columbia Sportswear Company, said they would likely surpass their pledges.
Most companies, however, either declined to comment or did not respond when asked about their efforts.
The vice president’s office has said Harris’ efforts have generated more than $5.2 billion in investment promises. In an illustration of how long it takes the promises to translate into concrete spending, the State Department reported that companies have plowed nearly $1.3 billion in the region as of June 2024, the bulk of it in Guatemala and Honduras.
“We are on track to exceed our commitments,” Peter Bragdon, a top executive at Columbia Sportswear Company, said of their promise to purchase up to $200 million in products from the region. That pledge would create nearly 7,000 jobs over five years, the company said. The executive called Harris’ efforts a “work in progress” but “a smart approach.”
Katie Tobin, who worked as the top migration adviser at the National Security Council for three years, credited Harris’ focus with spurring investment in reducing these numbers, arguing that Harris “was able to leverage her credibility” and the power of the White House to persuade companies to invest in “a risky investment environment.”
“That was very much Kamala Harris,” she added. “I have never seen something like that done before in this space and it made a real impact.”
Republican Sen. Rick Scott of Florida, a sharp critic of Harris, said the vice president and White House were taking credit for investments that would have been made anyway.
The companies are “not doing it because someone asked them to,” said Scott, who co-founded a major medical company. “They’re doing it because it makes economic sense.”
Harris also sought to address endemic corruption that has fueled migration from Central America. Before her 2021 trip to Guatemala, Harris met with a group of exiled Guatemalan prosecutors and judges in Washington.
Among them was Thelma Aldana, a former chief prosecutor who fled her country after what she said were politically motivated corruption charges.
“I came out of it convinced that she has a genuine interest in seeing things change in Central America,” Aldana said.
The vice president also deserves credit for helping stop Guatemala’s former president, Alejandro Giammattei, from overturning the 2023 election of his successor, Bernardo Arévalo, according to Luis Von Ahn, a U.S.-based technology entrepreneur from Guatemala.
“Giammattei didn’t want to leave power, the administration of Kamala Harris came and told him ’stop (messing) around,’” said Von Ahn, the founder of the language app Duolingo. “That’s a big help to Guatemala. If an extremely corrupt president doesn’t want to leave it’s terrible and (his exit) lets us be a better country.”
While the Harris campaign and White House have pointed to statistics that show migration from Northern Triangle countries has dropped substantially since early 2021, there is debate over what is responsible for that drop.
Sen. Chris Murphy, D-Conn., said Harris and the administration deserve credit for the reduction because their efforts “worked.”
Independent analysts, however, said they were skeptical that Harris’ approach was responsible for the dip. They said the decrease was likely driven by regional factors, including the ascension of El Salvador’s new president and his aggressive drive to combat violent crime. His government reported a 70% drop in homicides in 2023.
Julia Gelatt, associate director of the Migration Policy Institute in Washington, said investment can take years to alter migration patterns — if it ever does.
“Even a whole lot of economic development doesn’t curb immigration in the way countries hope it will,” Gelatt said.
Riccardi reported from Denver. Associated Press writer Sonia Pérez D. in Guatemala City contributed to this story.
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علامہ اقبال اوپن یونیورسٹی کی ہاتھ سے لکھی ہوِئی حل شدہ مشقیں حاصل کرنے کے لیے رابطہ کریں
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2022 | |
2023 |
سوال | سوال نمبر |
زر کے تصور کی وضاحت کریں۔ نیز زر کے کردار پر مفصل بحث کریں۔ | 1 |
مرکزی بنک کے فرائض کی تفصیل سے وضاحت کریں ۔ | 2 |
جزوی معاشیات اور کلی معاشیات میں فرق کی وضاحت کریں ۔ جدید معاشیات کے مسائل میں ان دونوں کی اہمیت بیان کریں ۔ | 3 |
ڈائیگراموں کی مدد سے عرصہ قلیل کے تحت مکمل مقابلیاتی فرم کے توازن کی مختلف صورتوں کی وضاحت کریں۔ | 4 |
طلب کی لچک سے کیا مراد ہے؟ اس کی پیمائش کیونکر ممکن ہے؟ مثالوں کی مدد سے طلب کی قیمت لچک ، طلب کی آمدنی لچک اور طلب کی متقاطع لچک کے تصورات کی وضاحت کریں۔ | 5 |
قومی آمدنی کی تعریف کریں نیز اس کے مختلف تصورات کی تفصیل سے وضاحت کریں ۔ | 6 |
خطوط عدم ترجیح کی مدد سے عام اشیاء گفن اشیاء اور گھٹیا اشیاء کیلئے اثر قیمت ، اثر آمدنی اور اثر استبدال کی وضاحت کریں۔ | 7 |
قانون متغیر متناسبات کی گوشوارے اور ڈائیگرام کی مدد سے وضاحت کریں۔ | 8 |
معاشیات سے متعلق المرابار مثل کی تعریف کی وضاحت کیجئے۔ کیا یہ تعریف دیگر تعریفوں کے مقابلہ میں معاشیات کے مضمون کا کما حقہ احاطہ کرتی ہے یا نہیں ؟ | 9 |
کانون تقلیل افادہ مختم سے کیا مراد ہے ؟ نیز اس قانون کی وضاحت ایک فرضی ٹیل اور ڈائیگرام کی مدد سے کریں۔ | 10 |
مخلوط عدم ترجیح سے کیا مراد ہے ؟ ڈائیگرام کی مدد سے وضاحت کریں نیز مخلوط عدم ترجیح کے خواص پر ایک نوٹ تحرر کریں۔ | 11 |
کیا آپ مکمل اور غیر عمل مقابلہ میں فرق کر سکتے ہیں ؟ ڈائیگرام اور روز مرہ زندگی کی مثالوں کی مدد سے واضح کریں۔ | 12 |
تظیم کی تعریف کیجئے۔ نیز اس ضرورت اور اہمیت پر بحث کیجئے۔ نیز ایک آجر یا فرم کی عمل کاری اور تنظیم کے مختلف اجزا کی وضاحت قلمبند کیجئے۔ | 13 |
خام قومی آمدنی اور خام قومی پیداوار میں کیا فرق ہے ؟ خام قومی پیداوار کے ذریعہ کونسی اشیا کی پیمائش کی جاتی ہے نیز خام قومی پیداوار پیمائش کرنے کے فوائد اور پیمائش کے دوران چھوٹ جانے والے عوامل بیان کیجئے۔ | 14 |
آمدنی اور صرف کے تعلق سے متعلق کینز کے نظریہ یا قانون صرف کی وضاحت اور اس کے مفروضات بیان کیجئے۔ نیز تفاعل صرف پر اثر انداز ہونے والے داخلی عوامل تحریر کیجئے۔ | 15 |
مالیاتی پالیسی سے کیا مراد ہے ؟ نیز کسی ملک کی ترقی میں مالیاتی پالیسی کے کردار پر ایک سیر حاصل بحث قلمبند کیجئے۔ | 16 |
Important Questions For Exam | ||
Q # | Question | Answer |
1 | What do you understand by the term “market” as it is used by the economist? Also differentiate among local, national, and international markets. Give examples of some commodities and link them to the above-said types. | |
2 | Make a comparison between differentiated oligopoly and monopolistic competition with the help of diagrams. | |
3 | Can the equilibrium output of a firm be established if the marginal cost intersects the marginal revenue from above? Explain with the help of diagrams in case of perfect competition and monopoly. Also, differentiate between duopoly and monopoly. Can this difference be shown diagrammatically? Explain. | |
4 | Whether the large-scale production be necessarily beneficial or some loss would be expected? If you know any local factory owners, why not discuss with them what economies of scale might be available in practical terms in their particular area of business and industry? Write the conclusion of this discussion as a note. | |
5 | What is a wage? Also, discuss different theories of wages and their types in detail. | |
6 | What is the median? What is the median of grouped data? Explain with the help of a formula. | |
7 | Is economics a positive or negative science? What are considerations on the basis of how those economic systems can be differentiated from one another? What are the determinants of an economic system? Also, enumerate different economic systems and then write a note on the functions of free enterprises. | |
8 | What is the relationship between the law of demand and the law of equi-marginal utility? Derive the demand curve of a market from the market demand schedule. Also, show the rise and fall of demand with the help of a hypothetical demand schedule and diagram. | |
9 | Explain the division of price effect into a substitution effect and income effect with the help of indifference curves and budget line in the Giffon good case. Also, derive the demand curve for Giffongood from the said diagram. | |
10 | What is meant by supply and demand elasticity? In which situation does unitary elasticity of supply prevail? How does the change in the elasticity of supply determine the slope of the supply curve? Explain with the help of a formula and diagram. | |
11 | ||
12 | What is meant by internationally accepted symbols and identities of the simple economy? Why are the basic identities modified? Write down the identities in the full economy. Also, write a discussion on the aim of national income accounting and its general problems. | |
13 | ||
14 | How do the general acceptance characteristics of money play a role in its definition? Differentiate between the supply of money and the stock of money. Also enumerates the different components of the money supply. | |
15 | Differentiate between the savings bank and commercial bank. Discuss the role of commercial banks in credit creation. How do commercial banks affect the daily life business through discounting of bills, purchasing of bonds and securities, and over-drafting? Discuss by giving examples from daily life experience. | |
16 | What is the relationship between purchasing power parity and exchange rate? Also, give an overview of purchasing power parity theory in a critical manner. | |
17 | Our exports seem to be insufficient to meet the need for foreign reserves in Pakistan. Can deficiency in foreign reserves be overcome by reducing our imports (or payment to foreigners in foreign currency)? Suggest a suitable policy to increase the foreign exchange reserves of Pakistan. | |
18 | What is the volume of government debt in the current year? (Consult “Pakistan Economic Survey 2022-23”). How can the volume of government debt be decreased by increasing government taxes? Suggest some suitable policy. | |
19 | How the budget deficit is financed? Discuss the objectives and effects of deficit financing on the economy. What is the relationship between deficit financing and economic stability? Explain. | |
20 | Discuss the economic growth and social welfare as criteria for measuring the development of a country. Write a note on the two important sectors for the economic development of Pakistan i.e. industrial and agriculture sectors. Also, update the data of table 17.2 from 2008-09 to 2021-22 (see Pakistan Economic Survey 2022-23) stability and development of a country. Enumerate a logical discussion in detail. | |
21 | Discuss different forms of economic planning. Also, suggest some planning to cope with the crises of the balance of payment and employment in Pakistan(to complete the above discussion write down the relevant discussion from the last topic of unit 17 “ Other key Areas”). |
Ignou master of arts m.a economics (mec) solved assignment for 2022-2023 session : .
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IGNOU MASTER OF ARTS M.A Economics (MEC) Solved Assignment For 2022-2023 Session: If you were searching for the IGNOU MASTER OF ARTS M.A Economics Semester Solved Assignment for 2022-2023 Session then finally you are at the right place as IGNOU MASTER OF ARTS M.A Economics Solved Assignment for 2022-2023 is now available for download .