AGP Executive Report

Last update: 10 hours ago

Cross-border payments: India’s UPI goes live in Greece, with Piyush Goyal saying instant transfers cut costs to a fraction of conventional fees—another step for tech-led commerce beyond borders. Regional travel demand: Asia-Pacific airlines saw passenger traffic rise ~4% in Jan–May 2026 to 166.77m, though May marked the first monthly dip as Middle East routes and capacity were trimmed. Supply-chain reshuffle: Oxford Economics says “China+1” gains have been selective: Vietnam is the standout, India is improving mainly in electronics, while the Philippines has captured virtually none of the diversification so far. Logistics leadership: Maersk appoints Scott Elliott as Asia Pacific regional president, aiming to deepen customer partnerships across key trade lanes. Food trade & compliance: Kenya’s Afriavo Orchards won approval to export frozen avocados to China after a KEPHIS audit, with strict farm registration and pesticide record requirements. Industrial safety: A fire at India’s Haldia refinery pipeline injured at least 15 people; authorities are investigating the cause. Consumer & brand signals: Ralph Lauren’s China sales jumped 50% last quarter, boosted by a growing base of Chinese “superfans” and long-term brand repositioning. Auto market pressure: Toyota’s China sales fell 32% in May for a fourth straight month as fuel prices squeeze demand and NEVs keep gaining share. Trade tensions: EU-China friction escalated again, with EU officials pushing for a “reset” over subsidies and currency concerns.

Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.

AGP Wire

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China places export controls on 40 Japanese entities

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