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편집 파일: 1694154744.M29479P18130.server.saraya-global.com,S=63781,W=65286:2,

Envelope-to: victor.lee@saraya.world
Delivery-date: Fri, 08 Sep 2023 14:32:24 +0800
Date: Fri, 8 Sep 2023 01:31:34 -0500 (CDT)
From: Allianz Trade in Asia Pacific <news_apac@allianz-trade.com>
Reply-To: info_apac@allianz-trade.com
To: victor.lee@saraya.world
Message-ID: <1105692153.17606489.1694154694956@lonmktmail-batch1d.marketo.org>
Subject: Your Monthly Dose: Fresh Insights & Updates Await
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September=C2=A02023
Global boiling: Heatwave may have cost 0.6pp of GDP
Dear Victor,

An initial =E2=80=98back of the envelope=E2=80=99 calculation suggests that=
 the recent heatwave across the United States, Southern Europe, and China m=
ay have cost 0.6pp=20
of GDP in 2023. The cost ranges from 0.1pp for France to 1.3pp of GDP for C=
hina. =C2=A0One day of extreme heat (above 32 degrees) is equivalent to hal=
f a day of strike.=20

Adaptation is key.=C2=A0In the short term, warning and prevention measures =
can be put in place. But these need to be complemented by longer-term struc=
tural adaptation measures aiming at preparing cities for climate change (i.=
e., urban greening) and finding ways to productively adapt workplaces to in=
creased heat burden (i.e., adapting buildings, infrastructure, and working =
hours).
learn more <https://go.allianz-trade.com/dc/fYDavknS7IUXy9xnC836XsRc6mBkQKt=
OnEwAumkNy45zlD7xFLG1BCwGvSwvJgZx-9RU9OZBsJfumxxZmsaZQVvww7YAthH-46P-RsrHPi=
yx0INQU_kiXssbhBKJ0uPNcdaCEBzUZQz-nSJ_AZD4hOkBZWXewXnN-SnLw99RZ342JugPUFqmr=
Emj5Wqc2lRQ6K2-6-hhqlv7f63pk7VkUyr0Tw-j-Rlwwlc8txFzk0xXmySffoTfonS8Zf4tpaQf=
ihNXIi_qEtyYyc-2r_nsn0biWnEok-7UrU0mQdk2E6Wr2ZTQ6KiQshKH3_LxHlpKMYYzAccSZma=
UgDVr1UzgOinbu-ArdnoLZxBo2rUzxqI96oBGIu4D13LTIJcNR15Vec2Ig07ANfNODWwsoP6fjD=
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LVdLQy02ODIAAAGOEnXRIuebb2cvvL4PEPb6r4dFa8v0n7hZk0FOaZ9_GrgjYBO9fu6Ap-gAQyo=
qHdMxX0n1xHo=3D>
Electronics Sector Report 2023
Access our NEWLY LAUNCHED=C2=A0report to explore the cutting-edge trends an=
d insights shaping the electronics industry.
Download <https://go.allianz-trade.com/dc/fYDavknS7IUXy9xnC836XsRc6mBkQKtOn=
EwAumkNy46dcz-P8Ki1s2ZRRTAb5shvC7GjvwokF_HL2rY1kepsdp-O_oOUuQQs0BuoRPbG_bJn=
XI5RnLjbXgemdgyfmGcp07U7YzQYMdrdajHMZ5kHAR6DlkfX5bej6H8vUmrfgbUZUhMl73fSI7Z=
xwPBHrw6egQyG6jS5sNaQ8ytlSW4_MhqqRcCoVXkd5Ir3CrUP6VAT5OuI1_ZgjhegJcBGfCFPYL=
CVRK-vpP0rYGXQIAZhJBGHDNva_-GqSLMDX3mvO62df-CC8pp4oU4kUBA9IkjtmDmwKq0RgVNWo=
JZJzqRjoCTkiY_F8iXt5qarvoY-gZAu_MDRs7dORwkOcZowIyHTUHIEsyYAPoomRXp7Ka12Kguz=
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4PEPb6r4dFa8v0n7hZk0FOaZ9_GrgjYBO9fu6Ap-gAQyoqHdMxX0n1xHo=3D>
Agrifood Sector Report 2023
Our latest agrifood sector report is out. Click the button below to read mo=
re.
Download <https://go.allianz-trade.com/dc/fYDavknS7IUXy9xnC836XsRc6mBkQKtOn=
EwAumkNy47dPVq3vwhH20wCXJAiAr3_KJjesVdDVKYntZzfmISVFCMEPsksztZthR0n24EBb_Do=
KICS9JolyP9oE8txLSc_xNEhoEt_O-xR9ocxdhFuFlIQq6gbcsWIdiRdzkYDCMR_i5T6Tei4Fxy=
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4PEPb6r4dFa8v0n7hZk0FOaZ9_GrgjYBO9fu6Ap-gAQyoqHdMxX0n1xHo=3D>
Pharmaceutical Sector Report 2023
Learn about the latest trends and insights in the pharmaceutical sector. Do=
wnload our report now.
Download <https://go.allianz-trade.com/dc/fYDavknS7IUXy9xnC836XsRc6mBkQKtOn=
EwAumkNy44aXbREH8RscuhjJRKvCjzep8qqzCTJzXGShkkKBpL7hyAF735rAg-kaW5Ty2ByeXNt=
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dMxX0n1xHo=3D>
In case you missed them
Did you read our sector reports? Learn about the outlook of the electronics=
, chemicals, machinery and equipment sectors and more.
DOWNLOAD <https://go.allianz-trade.com/MTMzLVdLQy02ODIAAAGOEnXRIqxYsILQ4xiE=
Q3yYTxo2yMbmMtNK9SoSNdlTfTO-Pd1n25njtuqW61yTNuBgS8iiA2Q=3D>
Ultimate guide of Trade Credit Insurance
On average, 1 in 10 invoices becomes delinquent. What should you do in this=
 scenario? Download our FREE ultimate Trade Credit Insurance guidebook for =
answers.
get it now <https://go.allianz-trade.com/dc/fYDavknS7IUXy9xnC836XsRc6mBkQKt=
OnEwAumkNy453945Bt6bnRvSVTeDdO4YeFhCwm5gMovTci4UsK58lV2LxeP7oxQFzGoB1-tsB-l=
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vL4PEPb6r4dFa8v0n7hZk0FOaZ9_GrgjYBO9fu6Ap-gAQyoqHdMxX0n1xHo=3D>
Allianz Trade is the trademark used to designate a range of services provid=
ed by Euler Hermes.=20
Euler Hermes APAC

Discover Allianz Trade <https://go.allianz-trade.com/MTMzLVdLQy02ODIAAAGOEn=
XRIuuObgJb-Tc0kEACdomO2yq9MB_9sfOeR-kY28FD6z8F0OVnXeIPfjadS5vINIEtI0E=3D>=
=20
Economic research <https://go.allianz-trade.com/MTMzLVdLQy02ODIAAAGOEnXRIuO=
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<td align=3D"center" valign=3D"top">=20
<table width=3D"100%" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" role=
=3D"presentation">=20
<tbody>=20
<tr>=20
<td align=3D"left" valign=3D"top" style=3D"font-family:Arial, Helvetica, sa=
ns-serif; font-size:24px; mso-line-height-rule:exactly; line-height:24px; t=
ext-align: center; color:#003781; padding: 20px 20px 20px;">=20
<div class=3D"mktEditable" id=3D"titletitletexta7a9d007-0a2a-4d49-9fbb-afd2=
a577b563">=20
<div style=3D"text-align: left;">=20
<div style=3D"text-align: left;">=20
<span style=3D"text-align: center; font-size: 12px;"><span color=3D"#0065ae=
" face=3D"Arial, helvetica, sans-serif" style=3D"color: #0065ae; font-famil=
y: Arial, helvetica, sans-serif;"><b>September</b></span></span>=20
<strong style=3D"color: #0065ae; font-family: Arial, helvetica, sans-serif;=
"><span style=3D"font-size: 12px;">&nbsp;2023</span></strong>=20
</div>=20
<span style=3D"font-family: Arial, helvetica, sans-serif;"><span style=3D"c=
olor: #0065ae;"><span style=3D"font-size: 22px; color: #0065ae;">Global boi=
ling: Heatwave may have cost 0.6pp of GDP </span></span><br /></span>=20
</div>=20
</div> </td>=20
</tr>=20
</tbody>=20
</table> </td>=20
</tr>=20
</tbody>=20
</table>
<table class=3D"widthMobile mktoModule" width=3D"100%" border=3D"0" cellspa=
cing=3D"0" cellpadding=3D"0" align=3D"center" style=3D"padding-bottom: 0px;=
" bgcolor=3D"#ffffff" id=3D"bodytext2">=20
<tbody>=20
<tr>=20
<td align=3D"center" valign=3D"top">=20
<table width=3D"100%" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" role=
=3D"presentation">=20
<tbody>=20
<tr>=20
<td align=3D"left" valign=3D"top" style=3D"font-family:Arial, Helvetica, sa=
ns-serif; font-size:14px; mso-line-height-rule:exactly; line-height:15px; c=
olor:#414141; padding: 10px 20px 10px; text-align: center;">=20
<div class=3D"mktEditable bodylink" id=3D"bodycontent2">=20
<p style=3D"text-align: left; line-height: 21px;"><span style=3D"color: #41=
4141; font-family: arial, helvetica, sans-serif; font-size: 14px;"><span st=
yle=3D"color: #414141;"><span style=3D"color: #414141;"><span style=3D"colo=
r: #333333;">Dear Victor,</span><br /></span></span></span></p>=20
<p style=3D"box-sizing: border-box; margin-bottom: 0px; color: #414141; fon=
t-family: 'Arial', sans-serif; font-size: 16px; font-style: normal; font-va=
riant-ligatures: normal; font-variant-caps: normal; font-weight: 400; lette=
r-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-tra=
nsform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px;=
 white-space: normal;=20
background-color: #ffffff; text-decoration-thickness: initial; text-decorat=
ion-style: initial; text-decoration-color: initial;"><span style=3D"font-fa=
mily: arial, helvetica, sans-serif; font-size: 14px;"><span style=3D"color:=
 #007ab3;">An initial =E2=80=98back of the envelope=E2=80=99 calculation su=
ggests that the recent heatwave across the United States, Southern Europe, =
and China may have cost 0.6pp of GDP in 2023</span><span style=3D"color: #4=
14141; font-style: normal; font-variant-ligatures: normal; font-variant-cap=
s: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align=
: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0p=
x; -webkit-text-stroke-width: 0px; white-space: normal; background-color: #=
ffffff; float: none; display: inline !important;"><span style=3D"color: #00=
7ab3;">.</span> The cost ranges from 0.1pp for France to 1.3pp of GDP for C=
hina. &nbsp;One day of extreme heat (above 32 degrees) is equivalent to hal=
f a day of strike. <br /><br /><span style=3D"color: #007ab3;">Adaptation i=
s key.</span><strong>&nbsp;</strong>In the short term, warning and preventi=
on measures can be put in place. But these need to be complemented by longe=
r-term structural adaptation measures aiming at preparing cities for climat=
e change (i.e., urban greening) and finding ways to <span style=3D"color: #=
333333;">productively adapt workplaces</span> to increased heat burden (i.e=
., adapting buildings, infrastructure, and working hours).</span></span><br=
 /></p>=20
</div> </td>=20
</tr>=20
</tbody>=20
</table> </td>=20
</tr>=20
</tbody>=20
</table>
<table class=3D"widthMobile mktoModule" width=3D"600" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" bgcolor=3D"#ffffff" style=3D"background-color:#=
ffffff; width: 600px;" id=3D"spacermodule2116b7c3-1f0c-4f35-b4d9-f20c72810a=
9e">=20
<tbody>=20
<tr>=20
<td style=3D"height:10px" height=3D"10"></td>=20
</tr>=20
<tr>=20
<td style=3D"width: 20px; background-color:#ffffff; height: 1px;" width=3D"=
20" height=3D"1" bgcolor=3D"#ffffff"></td>=20
<td class=3D"widthFull" align=3D"left" valign=3D"middle" width=3D"560" heig=
ht=3D"1" style=3D"border-bottom: 2px solid #ffffff; height: 1px width: 560p=
x;"> </td>=20
<td style=3D"width: 20px; background-color:#ffffff; height: 1px;" width=3D"=
20" height=3D"1" bgcolor=3D"#ffffff"></td>=20
</tr>=20
<tr>=20
<td style=3D"height:10px" height=3D"10"></td>=20
</tr>=20
</tbody>=20
</table>
<table class=3D"widthMobile mktoModule" width=3D"600" border=3D"0" cellspac=
ing=3D"0" cellpadding=3D"0" align=3D"center" style=3D"width: 600px;" bgcolo=
r=3D"#ffffff" id=3D"buttoncenter5cf49990-d014-4d9a-a2d2-59b814a201e6">=20
<tbody>=20
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<td align=3D"center" valign=3D"top">=20
<table class=3D"widthMobile" width=3D"560" border=3D"0" cellspacing=3D"0" c=
ellpadding=3D"0" align=3D"center" style=3D"width: 560px;">=20
<tbody>=20
<tr>=20
<td align=3D"center" valign=3D"top" style=3D"padding: 20px 20px 20px">=20
<table border=3D"0" cellspacing=3D"0" cellpadding=3D"0" align=3D"center">=
=20
<tbody>=20
<tr>=20
<td align=3D"center" colspan=3D"1" valign=3D"top">=20
<table align=3D"left" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" bgco=
lor=3D"#007ab3" style=3D"border-collapse: separate !important; border: 1px =
solid #007ab3">=20
<tbody>=20
<tr>=20
<td align=3D"center" height=3D"34" style=3D"word-break: break-word; font-si=
ze: 12px; font-weight: bold; font-family:Arial, Helvetica, sans-serif; padd=
ing-left:30px; padding-right:30px; text-transform: uppercase">=20
<div class=3D"mktEditable" id=3D"btncenter45b1aca8-201a-4fc7-8ba3-a427b23e3=
6c1">=20
<a href=3D
"https://go.allianz-trade.com/dc/fYDavknS7IUXy9xnC836XsRc6mBkQKtOnEwAumkNy4=
5zlD7xFLG1BCwGvSwvJgZx-9RU9OZBsJfumxxZmsaZQVvww7YAthH-46P-RsrHPiyx0INQU_kiX=
ssbhBKJ0uPNcdaCEBzUZQz-nSJ_AZD4hNllZatz42f9SBZWdj9PR2rPpjzgvYO8ax6dCjnlg1GD=
QOPr0k0FA_zq_AKjLLM74ZazJcMr1P-2xugT1Ik5RkCpB8JsMuvRWUdyHZR103OkU1jTeUdMi8S=
NgvjEHtAJjZ3IXfvVaZbKheBzgCLj2omWDUpYUI8E2m-aAZ01gQ4LdiJpNIvM3JNNPIS5G1U5rE=
-SjRm9mkZECN1ziEAhNFyoZhYnAPy3UgvRqcXJUb4L_6Pbu2kT44N4kxQdUqdVur3mCAacczCji=
UrgJAaxNrgOLKRfmsKrHRty3ncA-zSZCjbDxh0lEF9vrBdZZZ_BOWvekjKNKCqcYRVPhZWPdOwN=
aoJhNsK3sTClYG7SjGoIctCRJQWBxdXZUXye3o2nqQ=3D=3D/MTMzLVdLQy02ODIAAAGOEnXRIu=
ebb2cvvL4PEPb6r4dFa8v0n7hZk0FOaZ9_GrgjYBO9fu6Ap-gAQyoqHdMxX0n1xHo=3D" class=
=3D"buttonclr" target=3D"_blank" style=3D"color: #ffffff; text-decoration: =
none; line-height: 16px;"
>learn more</a>=20
</div> </td>=20
</tr>=20
</tbody>=20
</table> </td>=20
</tr>=20
</tbody>=20
</table> </td>=20
</tr>=20
</tbody>=20
</table> </td>=20
</tr>=20
</tbody>=20
</table>
<table align=3D"center" width=3D"100%" cellpadding=3D"0" cellspacing=3D"0" =
border=3D"0" role=3D"presentation" class=3D"mktoModule widthMobile" bgcolor=
=3D"#ffffff" id=3D"smallimgtext2aa8bd2c-da54-4578-85d6-477d329e6102">=20
<tbody>=20
<tr>=20
<td align=3D"center" valign=3D"top">=20
<table class=3D"widthMobile" width=3D"600" border=3D"0" cellspacing=3D"0" c=
ellpadding=3D"0" align=3D"left" style=3D"width: 600px;">=20
<tbody>=20
<tr>=20
<td align=3D"left" valign=3D"top" style=3D"padding: 20px 20px 20px 20px;">=
=20
<table align=3D"left" class=3D"widthFull" width=3D"173" style=3D"width: 173=
px;" cellpadding=3D"0" cellspacing=3D"0" border=3D"0">=20
<tbody>=20
<tr>=20
<td align=3D"left" valign=3D"top" style=3D"font-family:Arial, Helvetica, sa=
ns-serif; font-size:14px; line-height:15px; color:#414141; padding-top: 0px=
;">=20
<div class=3D"mktoImg" id=3D"smallimgtextimg582ed76a-8786-41fc-9adf-e7dcbcb=
78c48" mktolockimgsize=3D"true">=20
<a href=3D"#" target=3D"_blank" style=3D"color:#414141; text-decoration:und=
erline;"> <img src=3D"https://info.allianz-trade.com/rs/133-WKC-682/images/=
electronics-2023-report-cover-en.png" alt=3D"electronics-2023-report-cover-=
en.png" width=3D"173" border=3D"0" style=3D"display: block;" class=3D"photo=
" /> </a>=20
</div> </td>=20
</tr>=20
</tbody>=20
</table>=20
<table align=3D"left" class=3D"widthFull" width=3D"382" style=3D"width: 382=
px;" cellpadding=3D"0" cellspacing=3D"0" border=3D"0">=20
<tbody>=20
<tr>=20
<td align=3D"left" valign=3D"top" style=3D"font-family:Arial, Helvetica, sa=
ns-serif; font-size:14px; line-height:15px; color:#414141;">=20
<table align=3D"left" class=3D"widthFull" width=3D"382" style=3D"width: 382=
px;" cellpadding=3D"0" cellspacing=3D"0" border=3D"0">=20
<tbody>=20
<tr>=20
<td align=3D"left" valign=3D"top" style=3D"font-family:Arial, Helvetica, sa=
ns-serif; font-size:24px; line-height:27px; mso-line-height-rule: exactly; =
color:#003781; padding: 0px 20px 15px;">=20
<div class=3D"mktEditable" id=3D"smallimgtexttitle20e3fbf3-e16f-427e-b1fc-5=
2445391ceb8">=20
<span style=3D"color: #0065ae; font-family: arial, helvetica, sans-serif; f=
ont-size: 24px; font-style: normal; font-variant-ligatures: normal; font-va=
riant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; t=
ext-align: -webkit-left; text-indent: 0px; text-transform: none; widows: 2;=
 word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; ba=
ckground-color: #ffffff; text-decoration-thickness: initial; text-decoratio=
n-style: initial; text-decoration-color: initial; display: inline !importan=
t; float: none;">Electronics Sector Report 2023</span>=20
</div> </td>=20
</tr>=20
<tr>=20
<td align=3D"left" valign=3D"top" style=3D"font-family:Arial, Helvetica, sa=
ns-serif; font-size:14px; line-height:15px; mso-line-height-rule: exactly; =
color:#414141; padding: 0 20px 15px;">=20
<div class=3D"mktEditable bodylink" id=3D"smallimgtexttext079ca3f0-7aff-404=
b-a92d-4e3a6fd52d0c">
 Access our=20
<span style=3D"color: #007ab3; font-family: arial, helvetica, sans-serif; f=
ont-size: 14px; font-style: normal; font-variant-ligatures: normal; font-va=
riant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; t=
ext-align: left; text-indent: 0px; text-transform: none; widows: 2; word-sp=
acing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background=
-color: #ffffff; text-decoration-thickness: initial; text-decoration-style:=
 initial; text-decoration-color: initial; display: inline !important; float=
: none;">NEWLY LAUNCHED&nbsp;</span>report to explore the cutting-edge tren=
ds and insights shaping the electronics industry.=20
</div> </td>=20
</tr>=20
<tr>=20
<td align=3D"left" valign=3D"top" style=3D"font-family:Arial, Helvetica, sa=
ns-serif; font-size:14px; line-height:15px; mso-line-height-rule: exactly; =
color:#414141; padding: 0 20px 1px;">=20
<table border=3D"0" cellspacing=3D"0" cellpadding=3D"0" align=3D"left">=20
<tbody>=20
<tr>=20
<td align=3D"left" valign=3D"top">=20
<table align=3D"left" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" bgco=
lor=3D"#007ab3" style=3D"border-collapse: separate !important; border: 1px =
solid #007ab3">=20
<tbody>=20
<tr>=20
<td align=3D"center" height=3D"34" style=3D"word-break: break-word; font-si=
ze: 12px; font-weight: bold; font-family:Arial, Helvetica, sans-serif; padd=
ing-left:30px; padding-right:30px; text-transform: uppercase">=20
<div class=3D"mktEditable" id=3D"smallimgtextbtn2327da3b-4b13-4d0a-a5ed-61c=
876b8282e">=20
<a href=3D
"https://go.allianz-trade.com/dc/fYDavknS7IUXy9xnC836XsRc6mBkQKtOnEwAumkNy4=
6dcz-P8Ki1s2ZRRTAb5shvC7GjvwokF_HL2rY1kepsdp-O_oOUuQQs0BuoRPbG_bJnXI5RnLjbX=
gemdgyfmGcpWmKeUUnTnZImKa_hxDyX42WMyHiw-9Z3sLH0z_WJIF_6s2QNMR37MVpmEB_bLMu7=
nYUTcQ9F47ido2dCVrKm_-CT953QeBLia168q4yKZnVYIf1P5uBKuD4y9VHwzX42wjXPNdjUM8p=
Arm9aC0iZmjdsB3-kyEbb12ZCwyqopqPJxuOgjLNN5xQwTJJNWfmG-J0KhwS5ax_01vTJLYfuGM=
cHpa4si8iYtQNVefxct_NZ6TO8fXFbStZLklm1S8jhacU08ksTUOYtpvf-Y5KbN16wxOdqGkidu=
RG4WHeytNbLDFBA9jTgXjFT7E05zXVTwh9Uq4gJvyNls5g8fNtLCmwpj2fOekqTl9qq2ACQEbk=
=3D/MTMzLVdLQy02ODIAAAGOEnXRIuebb2cvvL4PEPb6r4dFa8v0n7hZk0FOaZ9_GrgjYBO9fu6=
Ap-gAQyoqHdMxX0n1xHo=3D" class=3D"buttonclr" target=3D"_blank" style=3D"col=
or: #ffffff; text-decoration: none; line-height: 16px;"
>Download</a>=20
</div> </td>=20
</tr>=20
</tbody>=20
</table> </td>=20
</tr>=20
</tbody>=20
</table> </td>=20
</tr>=20
</tbody>=20
</table> </td>=20
</tr>=20
</tbody>=20
</table> </td>=20
</tr>=20
</tbody>=20
</table> </td>=20
</tr>=20
</tbody>=20
</table>
<table align=3D"center" width=3D"100%" cellpadding=3D"0" cellspacing=3D"0" =
border=3D"0" role=3D"presentation" class=3D"mktoModule widthMobile" bgcolor=
=3D"#ffffff" id=3D"smallimgtexte5453deb-8bd5-4ffc-9248-6ad747b6e58e">=20
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<td align=3D"center" valign=3D"top">=20
<table class=3D"widthMobile" width=3D"600" border=3D"0" cellspacing=3D"0" c=
ellpadding=3D"0" align=3D"left" style=3D"width: 600px;">=20
<tbody>=20
<tr>=20
<td align=3D"left" valign=3D"top" style=3D"padding: 20px 20px 20px 20px;">=
=20
<table align=3D"left" class=3D"widthFull" width=3D"173" style=3D"width: 173=
px;" cellpadding=3D"0" cellspacing=3D"0" border=3D"0">=20
<tbody>=20
<tr>=20
<td align=3D"left" valign=3D"top" style=3D"font-family:Arial, Helvetica, sa=
ns-serif; font-size:14px; line-height:15px; color:#414141; padding-top: 0px=
;">=20
<div class=3D"mktoImg" id=3D"smallimgtextimg622c5c0f-5b66-463d-894a-1950d6a=
d99ac" mktolockimgsize=3D"true">=20
<a href=3D
"https://go.allianz-trade.com/dc/fYDavknS7IUXy9xnC836XsRc6mBkQKtOnEwAumkNy4=
7dPVq3vwhH20wCXJAiAr3_KJjesVdDVKYntZzfmISVFCMEPsksztZthR0n24EBb_DoKICS9Joly=
P9oE8txLSc_1z9lwog-4n4F5SyCsgY830JNQo3RThC0I1js5lL4zegNWcCSxOIu-_LBlJlmbHkU=
iqtKaYpoWWEQ08syZJWpofQVKlRbZ62L4kjo-VlcfUOEyWcXeZYUEFvJdEBMmOJoRBHS1F2Ytff=
9bxe97iEp-Wsu0SYAqHlUa3apjs_Xeljt5ZG0Gkt78MRE3zbXCnHawEnlEUPeW8N9W4UhLBpv90=
nuOBOK4y2YbZDcb50fYlZm-IWzYbfg_MVIC0XYHfTwODeK9OYopdTM7jABzfRV4KiJSXUwtepuD=
hnoTYZAglCVYr9n9SyAp4rJrTsw3HnhlQ_DnAFCbzDwf4H297R9gYr6UyknQTSybm6yFmSEqnE=
=3D/MTMzLVdLQy02ODIAAAGOEnXRIuebb2cvvL4PEPb6r4dFa8v0n7hZk0FOaZ9_GrgjYBO9fu6=
Ap-gAQyoqHdMxX0n1xHo=3D" target=3D"_blank" style=3D"color:#414141; text-dec=
oration:underline;"
> <img src=3D"https://info.allianz-trade.com/rs/133-WKC-682/images/agrifood=
 2023 cover.jpg" alt=3D"agrifood 2023 cover.jpg" width=3D"173" border=3D"0"=
 style=3D"" class=3D"photo" /> </a>=20
</div> </td>=20
</tr>=20
</tbody>=20
</table>=20
<table align=3D"left" class=3D"widthFull" width=3D"382" style=3D"width: 382=
px;" cellpadding=3D"0" cellspacing=3D"0" border=3D"0">=20
<tbody>=20
<tr>=20
<td align=3D"left" valign=3D"top" style=3D"font-family:Arial, Helvetica, sa=
ns-serif; font-size:14px; line-height:15px; color:#414141;">=20
<table align=3D"left" class=3D"widthFull" width=3D"382" style=3D"width: 382=
px;" cellpadding=3D"0" cellspacing=3D"0" border=3D"0">=20
<tbody>=20
<tr>=20
<td align=3D"left" valign=3D"top" style=3D"font-family:Arial, Helvetica, sa=
ns-serif; font-size:24px; line-height:27px; mso-line-height-rule: exactly; =
color:#003781; padding: 0px 20px 15px;">=20
<div class=3D"mktEditable" id=3D"smallimgtexttitle9ac5ccc9-3a15-4004-ae3c-4=
acc77471dee">=20
<span style=3D"font-family: arial, helvetica, sans-serif; color: #0065ae;">=
Agrifood Sector Report 2023<br /></span>=20
</div> </td>=20
</tr>=20
<tr>=20
<td align=3D"left" valign=3D"top" style=3D"font-family:Arial, Helvetica, sa=
ns-serif; font-size:14px; line-height:15px; mso-line-height-rule: exactly; =
color:#414141; padding: 0 20px 15px;">=20
<div class=3D"mktEditable bodylink" id=3D"smallimgtexttext27d2c7b0-efc9-435=
f-bbac-05ee3cff1562">=20
<div style=3D"line-height: 18px; text-align: left;">
 Our latest agrifood sector report is out. Click the button below to read m=
ore.=20
<br />=20
</div>=20
</div> </td>=20
</tr>=20
<tr>=20
<td align=3D"left" valign=3D"top" style=3D"font-family:Arial, Helvetica, sa=
ns-serif; font-size:14px; line-height:15px; mso-line-height-rule: exactly; =
color:#414141; padding: 0 20px 1px;">=20
<table border=3D"0" cellspacing=3D"0" cellpadding=3D"0" align=3D"left">=20
<tbody>=20
<tr>=20
<td align=3D"left" valign=3D"top">=20
<table align=3D"left" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" bgco=
lor=3D"#007ab3" style=3D"border-collapse: separate !important; border: 1px =
solid #007ab3">=20
<tbody>=20
<tr>=20
<td align=3D"center" height=3D"34" style=3D"word-break: break-word; font-si=
ze: 12px; font-weight: bold; font-family:Arial, Helvetica, sans-serif; padd=
ing-left:30px; padding-right:30px; text-transform: uppercase">=20
<div class=3D"mktEditable" id=3D"smallimgtextbtncdc09a67-d9b5-4b30-b03e-636=
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FOaZ9_GrgjYBO9fu6Ap-gAQyoqHdMxX0n1xHo=3D" class=3D"buttonclr" target=3D"_bl=
ank" style=3D"color: #ffffff; text-decoration: none; line-height: 16px;"
>get it now</a>=20
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Allianz Trade is the trademark used to designate a range of services provid=
ed by Euler Hermes.
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