Tradenews

Cambodian Garments Record 7 Percent Growth in Exports [18 Feb 2009]  
Garments, the backbone of Cambodian exports were able to register 7 percent growth in 2008 to $3.15bn from its previous year. Even in 2008, the US continued to be the largest market for Cambodian garm  ...More
Tags: garments     exports     garments industry    
Chile-Peru FTA to be Effective from March 1 [24 Feb 2009]  
The official gazette of Peru has published a decree that the Peru-Chile Free Trade Agreement (FTA) will come into full effect from Sunday, March 1 2009. The trade pact thus forms an elaborate replacem  ...More
Tags: peru     chile     commerce     asia market    
EC Praises Hungary’s Economic Policy yet Soft-pedals on Early Adoption of the Euro [25 Feb 2009]  
The European Commission’s President Jose Manuel Barroso commended the Prime Minister of Hungary, Ferenc Gyurcsany while he received him in Brussels, the headquarters of the EU for his government’s pol  ...More
Tags: european commission     economic crisis     hungary    
Chinese Begin to Fish in the US Housing Market [26 Feb 2009]  
Several Chinese travel companies are embarked on a new mission, taking their Chinese clients for home shopping in the US. Sliding prices of the houses in the US are attracting many cash-rich Chinese i  ...More
Tags: chinese     US     china     economic crisis    
With the Latest Knowhow, Africa Aims to Explore Opportunities in Rice Production [02 Mar 2009]  
The Deputy Director-General of Africa Rice Center (WARDA), Dr. Marco Wopereis claimed during the two-day STRASA meeting that the rice prices which hurled up to $1000 per ton would help the African nat  ...More
Tags: WARDA     STRASA     IRRI    
The EU Prods Thailand to be Proactive on FTA [03 Mar 2009]  
European Commission Trade Director-General and Chief Negotiator, Philippe Meyer said in Bangkok at the sidelines of ASEAN Business Investment Summit that the EU was keen on inking a free trade deal wi  ...More
Tags: european commission     bangkok     Singapore    
South Korea`s President Lee Arrives in Australia – Climate Change, the Main Feature [04 Mar 2009]  
President of South Korea, Lee Myung-bak’s arrival to Australia has marked a new beginning in a ‘greenish’ collaboration with Australia, the world leader in carbon capture and sequestration. Lee began  ...More
Tags: south korea    new zealand    asia pacific union    
India to Augment Gold Mining to Counter Imports – Opportunities for Foreign Firms [05 Mar 2009]  
The Indian government has instructed Geological Survey of India (GSI) to ferret for gold and diamond reserves in all possible locations in India within a period of three years. GSI is a state-owned en  ...More
Tags: india     gold mining     importers    
Iran and Serbia Move towards FTA [09 Mar 2009]  
During a meeting with the Iranian delegation headed by Foreign Minister Manouchehr Mottaki, the Deputy Prime Minister of Serbia, Mladjan Dinkic stated that both countries had good and stable bilateral  ...More
Tags: economic     trade     serbian exports    
Political Uncertainty and Terrorism Damage Pakistan’s Tourism Sector [12 Mar 2009]  
Tourism is one of major revenue earners for Pakistan, but persistent terror activities in the country have negatively impacted the tourism business, especially after the Marriot Hotel attack which lef  ...More
Tags: tourism     pakistan    
Argentina Joins the Visa-free Regime with Russia [13 Mar 2009]  
Argentina has become the sixth country from Latin America to remove visa requirements for Russian citizens to travel to their country. Argentine Foreign Minister Jorge Taiana signed the draft in the p  ...More
Tags: argentina     latin america     russia    
The US Truck Ban Receives Retribution from Mexico with Higher Tariffs on its Goods [17 Mar 2009]  
The Economy Secretary of Mexico Gerardo Ruiz Mateos stated they would impose higher tariffs on 90 items from the US in retaliation to the last week’s truck ban. The hike in tariffs and the list of goo  ...More
Tags: US     US Truck Ban     Economy Secretary of Mexico    
Africa Clamours for Aid Prior to the G-20 Summit [18 Mar 2009]  
During the Consultative Meeting prior to the G-20 Summit between the leaders of the African nations and the Prime Minister of Britain, Gordon Brown, the African leaders have strongly appealed to relea  ...More
Tags: african     G-20 Summit     africa    
El Salvador, Costa Rica to Resume Ties with Cuba, the US Likely to Follow Suit [20 Mar 2009]  
Costa Rica and El Salvador have confirmed at separate occasions that they would re-establish bilateral ties with Cuba. Costa Rican President Oscar Arias claimed the world had changed from the past tod  ...More
Tags: obama     joe biden     chile     costa rica     US    
The UAE woos Canada to Boost Trade Ties [20 Mar 2009]  
Minister of Economy Sultan Bin Saeed Al Mansouri of the UAE and Canada’s Minister of International Trade, Stockwell Day held a meeting to discuss further strengthening of trade ties between both count  ...More
Tags: minister of economy     canadian minister    
World Water Forum Concludes without Committing Water as a Human Right [23 Mar 2009]  
A week long fifth World Water Forum (WWF) has ended even this time around without giving water the status of ‘basic human right’ to diplomatically avoid the implications of such a statement. Nonethele  ...More
Tags: world water forum     basic human right     wwf    
Universal Reserve Currency is Gaining Momentum – the US Tries to Nip it in the Bud [25 Mar 2009]  
The US President Barack Obama and his top two economic officials have rejected the Chinese proposal to have a relook at a single international currency as an alternative to the US dollar. Zhou Xiaochu  ...More
Tags: universal reserve currency     kazakh president    
Bilateral Trade Will be High on Agenda of Arab-Latin American Summit at Doha [30 Mar 2009]  
Qatar will play host to the second summit between the South American region and the Arab world. Heads of the states or representatives from 12 countries from the Latin American region and 22 countries  ...More
Tags: bilateral trade     trade     american summit    
While Majority Sectors Flatten Out, Indian Pharma Exports to Maintain Growth [06 Apr 2009]  
Findings of a survey conducted by the Federation of Indian Chambers of Commerce and Industry (FICCI) indicate a large majority of export industries of the country will be recording either negative or  ...More
Tags: india pharma     pharma     pharma exports    
Rudd Roles Out State-owned Mega Plan to Tweak Broadband Speed [07 Apr 2009]  
Rudd's center-left Labor Government has decided to boost the country’s Broadband services by 100 times faster through establishing a public-private partnership company, in which the government will ho  ...More
Tags: broadband     malcolm turnbull     broadband services    
N. Korean Satellite Launch May Deflect ASEAN Summit’s Real Purpose [09 Apr 2009]  
The second phase of the 14th ASEAN Summit and related summits which is scheduled to be held on 10-12 April in the Thai resort city of Pattaya is feared to be used as a platform for discussing the Nort  ...More
Tags: korean satellite     satellite     pattaya    
Kazakhstan Strengthens Ties with China – 10 New Deals Ratified [17 Apr 2009]  
The President of Kazakhstan, Nursultan Nazarbayev in his four-day visit to China had talks with the Chinese counterpart Hu Jintao, and witnessed the formalities of signing ten new pacts between both c  ...More
Tags: kazakhstan     nursultan nazarbayev     china    
Early Economic Revival of Asian Economies will Delay the Rest out of Crisis [20 Apr 2009]  
The much anticipated early recovery of the Middle East and many other Asian economies including China and India by the end of this year are likely to inundate these markets with overseas investments.  ...More
Tags: asian economies     economy news     china     india    
SMEs to Get a Fillip through New Model Contracts for Trade Deals [21 Apr 2009]  
International Trade Centre (ITC) specialists and trade law experts from 51 nations will converge at Geneva this week to give finishing touches to the model contracts for trade deals. The model contrac  ...More
Tags: sme     international trade centre     trade    
S. Korean Parliamentary Committee Approves the US-Korea FTA amid Opposition [24 Apr 2009]  
A South Korean Parliamentary Committee has ratified the FTA with the US in an effort to get it tabled in the parliament for the final vote. The draft will be sent to the plenary session of the parliam  ...More
Tags: korean parliament     foreign affairs    
The EU Foreign Ministers Meet Will Decide the Extension of Myanmar Sanctions [27 Apr 2009]  
At a meeting at Luxembourg today, the foreign ministers of the EU will review whether the three year old sanctions imposed on Myanmar (Burma) to be extended or not. Though there are other key issues t  ...More
Tags: foreign ministers     myanmar    
Panamanians Give the Rightist Ricardo Martinelli a Thumping Majority [04 May 2009]  
Ricardo Martinelli, the president of the centre-right Democratic Change (CD) party has won the Panamanian presidential elections with a double-digit percentage margin over its nearest rival. His victo  ...More
Tags: panamanians     Ricardo Martinelli    
Falling Remittances and Returning Expats Heighten Economic Woes of Armenia [05 May 2009]  
Armenia, the second largest populous breakaway of the former Soviet Union is seriously confronted with lowered salary and job losses of their nationals working abroad after the economic crisis gripped  ...More
Tags: armenia     economy     diaspora    
Shipping Company Prays for New US Law to Arm Ships against Piracy [06 May 2009]  
While testifying before a Senate subcommittee over the pirate attack on one of his vessels last month, Philip J. Shapiro of Liberty Maritime Corp. appealed to the Congress to pass a legislation allowi  ...More
Tags: shipping company     US law     attack    
Iran’s Non-Oil Exports Witness Threefold Increase to Latin American Markets [07 May 2009]  
Deputy Head of Iran’s Trade Promotion Organization Babak Afqahi stated that Iran’s non-oil exports had increased by threefold to the South American region in the last four years. He said government’s  ...More
Tags: iran     oil exports     american markets    
‘The Small Miracle’ Slogan to Push Sri Lanka’s Tourism Ambitions post-LTTE Era [11 May 2009]  
While the Sri Lankan defence forces are closing in on to stub out LTTE, the internationally banned terrorist organization, the country has already started sending economic feelers to several countries  ...More
Tags: Sri Lanka     electronic media    
The US-SACU Trade Deal Hits Roadblock [13 May 2009]  
The Obama administration has categorically stated that they had no interest to move forward with the free trade negotiations with the five-member Southern African Custom Union (SACU) due to the failur  ...More
Tags: Obama administration     free trade    
GCC Rail Projects Provide Huge Opportunities for Rail and Related Global Businesses [14 May 2009]  
Apart from about 4000km long rail tracks criss-crossing the GCC states, there are several other railway projects in progress and coming up across Gulf region. France, China, the US, UK and India alrea  ...More
Tags: GCC     rail projects    
Blue-tongue Virus Scare Forces the UAE to Impose Restrictions [19 May 2009]  
The World Organisation for Animal Health’s (OIE) report on the resurfacing of the blue-tongue disease among animals in some countries of Europe has alerted the UAE to take preventive measures to conta  ...More
Tags: virus     UAE     animal health    
India and Pakistan to Export Wheat Following Bumper Harvest [19 May 2009]  
The high yield of wheat this season in India and Pakistan has prompted them to allow the grain to be exported from this month onwards. Both countries riding high on the bumper harvest will be exportin  ...More
Tags: India     Pakistan     wheat export    
Rising Sandalwood Demand in China Triggers Illegal Trade [20 May 2009]  
Lately, Malaysia and Indo-Nepal border have become illegal trade corridors for Indian sandalwood owing to increased demand from China. Director General of Malaysian Timber Industry Board, Dr Jalaluddi  ...More
Tags: sandalwood     China     trade    
Australia and New Zealand Criticize the US Subsidies to Dairy Exports [25 May 2009]  
The US move to re-introduce subsidies to 92,000 tons of dairy exports including milk powder, butter and cheese has been decried by both major dairy producing nations New Zealand and Australia. Prime M  ...More
Tags: Australia     New Zealand     agriculture    
The EU Likely to Provide Visa-free Travel for Macedonians [26 May 2009]  
According to the European Commission's (EC) assessment report, posted on the official website of the European Stability Initiative (ESI) stated Macedonia had been able to fulfil the required criteria  ...More
Tags: visa     free travel     Eurpoe    
India and ASEAN Iron out Differences - the FTA to be concluded in October [28 May 2009]  
According to the Indian government sources, the India-ASEAN FTA will be a reality in the forthcoming ASEAN Summit in October as all outstanding issues had been sorted out by both parties. Although Ind  ...More
Tags: India     Asia     trade news    
Iran Offers Solution for Japan to Overcome Economic Turbulence [05 Jun 2009]  
During the last week’s joint seminar by Iranian and Japanese chambers of commerce held in Tokyo, the chairman of Iran’s Chamber of Commerce, Industries, and Mines, Mohammad Nahavandian said that his c  ...More
Tags: Iran     Japan     Economic news    
Thailand Ropes in the UAE to Develop Mega Livestock Farms [05 Jun 2009]  
According to sources, Thailand has been able to attract the UAE to invest in its livestock farming industry to produce halal products out of sheep, goats and other livestock. Thailand is understood to  ...More
Tags: Thailand     UAE     Livestock    
Ethiopian Airlines Expanding its Fleet with Record Profits [05 Jun 2009]  
Ethiopian Airlines’ (EA) whopping profit of about $55.67mn for the first nine months of 2007-08 has enabled them to expand their fleet to accommodate more US tourists’ interest in visiting Ethiopia.  ...More
Tags: Ethiopian airlines     financial news    
Russia Proposes Grain Triangular Union with Ukraine and Kazakhstan [08 Jun 2009]  
At the recently concluded World Grain Forum, Russia showcased a model which is expected to help the grain producers of Russia, Ukraine and Kazakhstan to counter price volatility of the world grain mar  ...More
Tags: Russia     Ukraine     world grain forum    
Recession Impacted the UK Defence Exports despite Claims of No. 2 in 2008 [15 Jun 2009]  
In spite of claims of second place in the world on defense equipment export for 2008 and a 17 percent share of the global market, Britain’s defense exports fell marginally over the last five years’ av  ...More
Tags: recession     UK defence exports    
Pakistani Exporters to be Further Choked with the New Tax Regime [15 Jun 2009]  
Pakistani exporters besides the political instability sparked off by several terror attacks across the country will have to survive another scare of a new bill which has been proposed to end the presu  ...More
Tags: Pakistani exporters     bill    
BRIC Plans to Fix Monetary System by altering USD Role [16 Jun 2009]  
The first BRIC (Brazil, Russia, India and China) Summit is underway in Russia which has been conducted parallel to the Shanghai Cooperation Organization (SCO) to address the issues of global financial  ...More
Tags: BRIC plans     monetary system    
Iran Revives Interest in US Products [22 Jun 2009]  
According to Associated Press analysis, Iran has showed more interest for US goods during the first four months of Obama Administration by doubling its imports from the same period of the previous yea  ...More
Tags: Iran     US products    
Up to $1.5 trillion to be siphoned from Global Stimulus [23 Jun 2009]  
Kroll Global Fraud Report warned that if preventive measures were not taken, a portion of the global economic stimulus package would end up in the hands of fraudsters waiting in wings. The report has  ...More
Tags: Global Stimulus     anti-corruption    
World’s Largest Solar Project to Transform Energy Domain [25 Jun 2009]  
Guenter Gloser, deputy foreign minister of Germany in an interview to Reuters said the world’s largest solar project, the German-led consortium Desertec would create win-win environment for both Afric  ...More
Tags: Solar project     Germany    
Indo-US FTA will be a Reality if Agriculture is excluded [30 Jun 2009]  
FICCI president Harsh Pati Singhania while concluding his week-long trip to the US stated that instead of waiting for long, it was in the interest of both the countries to move forward with an Indo-US  ...More
Tags: Indo-US     fta     agriculture    
Jordan to prepare Blueprint on Arab Transport Inter-linking [03 Jul 2009]  
At a press meet in Amman, Mohammad Twaijri, assistant secretary general of the Arab League for Economic Affairs stated that Jordan had been chosen to head a technical committee to prepare the road map  ...More
Tags: Jordan     Arab     transport    
Korea Plans to Include Overseas Partners in its e-Trade [06 Jul 2009]  
South Korea is planning to popularize the domestic e-trade initiative called uTradeHub among international traders, and for which the government has already approached Libya, Uzbekistan, Mongolia and  ...More
Tags: South Korea     e-trade     e-commerce    
ISA Virus puts the Chilean Salmon Trade in Dire Straits [07 Jul 2009]  
The spread of infectious salmon anaemia (ISA) among salmonid farming population has pushed the Chilean fishing industry to a full-fledged crisis. The industry is confronted with problems including une  ...More
Tags: ISA Virus     trade     Chile    
Fake Items are on the Rise in the EU – Seizures Double [13 Jul 2009]  
The European Commission in its latest report stated the customs seizures of fake goods have grown by about 125 percent in 2008 from the previous year. It said China maintained its position as the majo  ...More
Tags: European commission     Cigarettes     NAFDAC    
Geithner Trip to Guarantee Investment Safety to the Mid-East [13 Jul 2009]  
The US Treasury Secretary Timothy Geithner in his two-day visit to the Middle East is likely to make serious effort to allay his country’s largest investor region’s fears over the US dollar’s volatili  ...More
Tags: investment     economic news    
Saudi Arabian Citizenship for Long-term Expats [14 Jul 2009]  
According to sources, Saudi Arabia is understood to have informed the International Labour Organisation (ILO), the Geneva-based world labour body that it has plans of considering its expats into natur  ...More
Tags: Saudi Arabia     ILO     GCC    
The EU Agency Rejects Hype on Health Claims of Food Products [21 Jul 2009]  
The EU’s food safety agency EFSA has rejected the claims of about 65 food products of their unproven health benefits through its scientific investigation. The EFSA’s (European Food Safety Authority) f  ...More
Tags: EU Agency     food products    
Slowdown and Piracy Sink Suez Canal Revenues [27 Jul 2009]  
Suez Canal, Egypt’s major foreign currency earner and world's busiest international trade routes has slashed its revenue by 7.2 percent owing to decline in traffic triggered by global economic crisis  ...More
Tags: Suez canal     Egypt     foreign currency    
ASEAN-China FTA May Hit the Indonesian Roadblock [28 Jul 2009]  
Indonesian Textile Association (API) warned that the China-ASEAN FTA in the present form would not be accepted, and appealed not to overlook industry needs. Deputy Chairman of API, Ade Sudrajat said d  ...More
Tags: ASEAN     China     FTA     SNI    
India and Nigeria to Streamline Pharma Exports [03 Aug 2009]  
India is expected to sign pharma deals with Nigeria, the country’s largest trading partner from Africa to reclaim and boost the pharmaceutical exports after fake ‘Made in India’ drugs originating fro  ...More
Tags: India     Nigeria     Pharma Exports    
Cambodia Aims to Cut Lobster Imports Within Five Years [04 Aug 2009]  
Cambodian government has launched a massive lobster hatching program to reduce dependence on imports. According to the Cambodia’s Department of Fisheries, the project initiated by the government will  ...More
Tags: Cambodia     fish     imports    
Spain Continues to Be Haunted by Bankruptcy Bogey [06 Aug 2009]  
The Spanish companies and individuals filing bankruptcy or insolvency suits in the first two quarters of 2009 had already overtaken the total number of declarations of the previous year, reported the  ...More
Tags: Spain     bankruptcy     economic crisis    
Sandstorms Shrink UAE’s Solar Power Generation [10 Aug 2009]  
The solar power production at the first and largest solar power plant of the UAE and the Middle East and North Africa (MENA) region has been hit badly due to last week’s extreme sandstorm conditions.  ...More
Tags: UAE     solar power     PV     MENA    
e-Modernization of Palestinian Customs to Boost Trade [11 Aug 2009]  
Palestinian Customs in partnership with the United Nations Conference on Trade and Development (UNCTAD) had fully adopted the latest version of ASYCUDA’s web-based application to expedite the internat  ...More
Tags: UNCTAD     ASYCUDA     EC    
Iranian Exports to Ecuador Soar [12 Aug 2009]  
According to the Trade Promotion Organization (TPO) of Iran, the country’s non-oil exports to Ecuador have witnessed remarkable growth during the past four years; from less than $1mn in 2005 they have  ...More
Tags: Iran     TPO     non-oil exports    
Trinidad and Tobago Hopeful of Trade Deal with Canada [13 Aug 2009]  
During a seminar held at St Augustine, Trinidad and Tobago (T&T), Carl Francis, permanent secretary in the Ministry of Trade and Industry of T&T said the trade partnership with Canada would make the c  ...More
Tags: Canada     FTA     T&T     SAWP    
Jamaican Businesses Pulled Up by Rising Bad Debts [17 Aug 2009]  
Jamaica’s poor payment culture is causing severe problems to all businesses, reported Jamaica Observer newspaper. The daily itself has fallen to the crisis with about 40 percent of its revenues overdu  ...More
Tags: Jamaica     JPS     LIME    
Malaysia-EU Timber Trade Deal by Year End [19 Aug 2009]  
The European Union (EU) and Malaysia are planning to conclude the bilateral Voluntary Partnership Agreement (VPA) to promote trade of the legitimately produced and harvested Malaysian timber by end of  ...More
Tags: Malaysia     Europe     EU     EC     VPA     FLEGT    
Serbia Cements Ties with China - Tadic Concludes Tour [24 Aug 2009]  
Serbian President Boris Tadic’s trip to China which began on last Wednesday has culminated in the signing of a strategic partnership deal between both countries. During his visit he discussed politica  ...More
Tags: Serbia     China     CCPIT     economy     SEE    
Free Fall in Shipping Rates to Devastate Industry [01 Sep 2009]  
A Bloomberg survey by six analysts and fund managers predicts that the rate for leasing capesize vessels will reach as low as $18,000 from its current price of $37,865 per day. It should be recalled t  ...More
Tags: Bloomberg     Netherlands     BDI    
Pakistan Cashes in on Libyan Anniversary to Promote Trade [02 Sep 2009]  
The Pakistani delegation headed by Prime Minister Yousuf Raza Gilani has fully utilized the opportunity provided by the 40th anniversary of the Libyan Revolution (Al-Fateh) to facilitate bilateral tie  ...More
Tags: Pakistan     GSP     FTA    
New Banking Software to Make Life Easy for SMEs Worldwide [03 Sep 2009]  
In a recent press release by the International Trade Centre (ITC), the export development agency of the WTO and the UN, has informed that it had launched a software to assess the credit worthiness of  ...More
Tags: bank     SME     ITC     UNOG     finance    
China’s Surge in Green Energy to Fuel Trade with the US [07 Sep 2009]  
China’s growing interest in transforming its economy to a less carbon-emitting one has helped it to grow at a faster pace in extracting energy through renewable sources. Along with its green energy ac  ...More
Tags: China     US          Barack Obama    
Japanese Morning Banana Diet Lifts Filipino Exports [08 Sep 2009]  
A sudden rise in banana consumption in Japan owing to the Morning Banana Diet (MBD) designed by Hitoshi Watanabe and wife Sumiko to lose weight in last September has significantly helped the Philippin  ...More
Tags: Japan     exports     PBGEA     JPEPA     MBD    
New Zealand Redundancy Protection Bill to Worry Businesses [09 Sep 2009]  
The Redundancy Protection Bill (RPB), the brainchild of the Labour MP Darien Fenton is likely to cause severe damage to several businesses, particularly SMEs while protecting the hapless workers who a  ...More
Tags: New Zealand     RPB     recession    
Japan to Open Doors for Food Products from Ukraine [11 Sep 2009]  
The representatives of the Ukrainian Ministry of Agriculture have claimed that the recent meeting with a delegation from Japan had almost struck a deal to engage more through agricultural trade betwee  ...More
Tags: Japan     Ukraine     Japanese Embassy    
Bangladeshi SMEs Want Regulatory Barriers Disposed [15 Sep 2009]  
In a recent conference organized by the SME Foundation of Bangladesh has inferred that the country needed an SME-friendly environment without regulatory barriers to take the sector to the next level o  ...More
Tags: Bangladesh     SME     MIDAS    
Poor Agri-Infrastructure Fail Nigerian Fruit Exports [16 Sep 2009]  
Lack of sustainable infrastructure to support farm products in Nigeria has caused inadequate supply of fruits in the market during the month of Ramadan despite having large farmlands. Nigerian fruit t  ...More
Tags: Nigeria     Fruit Exports     FAO    
Australian SMEs Optimistic – Jobs by Next Quarter [17 Sep 2009]  
A survey indicated Australian small businesses are confident after two strong quarters of business to reach a record high above the peak confidence level of August 2007. The recent survey by Sensis Bu  ...More
Tags: Australia     SME     job    
Ethiopia to be the Cynosure of African Trade [18 Sep 2009]  
The multi-million dollar Africa International Trade Centre which is coming up at Ethiopia's capital, Addis Ababa is expected to transform the country to be the trade hub of the African continent. The  ...More
Tags: Ethiopia     Africa     AEC     EU     AACCSA     AU    
EU Allays Fears of Italian Auto Industry over S-Korean FTA [22 Sep 2009]  
The EU trade commissioner informed Italian industry representatives that the Italian economy would stand to gain from the FTA with South Korea - which is expected to come into effect from July 2010. T  ...More
Tags: EU     FTA     South Korea     Italy    
Negotiations on Indo–Australian FTA Soon [29 Sep 2009]  
The Indian origin Australian high commissioner during his recent visit to India said the negotiations on the proposed FTA would begin after governments of both the countries examine the feasibility st  ...More
Tags: India     Australia     FTA     natural gas    
Egyptian Lulav Prices Bring Israel and Gaza Closer [01 Oct 2009]  
The tripling of lulav prices by the Egyptian suppliers during the festive season of Sukkot has forced Israel to allow Gazan exporters to supply lulavim (palm fronds) to fulfil its seasonal demand. Suk  ...More
Tags: Egypt     Israel     Gazan     Jerusalem    
Bangladesh Goes India and China way on Rice-husk Power [05 Oct 2009]  
A large rice-husk power generation plant coming up at the north-western Thakurgaon district of Bangladesh will generate 400 KWh of electricity mainly for small and medium sized rice mills. The project  ...More
Tags: Bangladesh     India     China     IDCOL     SEAL    
Aus Vegetable Farmers bogged down by Imports and Input Costs [06 Oct 2009]  
According to AUSVEG, the peak industry body that represents the Australian vegetable growers, the vegetable industry is troubled by imports and rising input costs. AUSVEG CEO Richard Mulcahy referred  ...More
Tags: Vegetable     AUSVEG     Australia     ABARE     HAL    
Biomass Power Plants Feared to Create Deserts [08 Oct 2009]  
Hundreds of biomass power plants, those operational and under construction, are exponentially increasing the demand for wood, and are likely to trigger industrialized plantation of trees. A sudden inc  ...More
Tags: Biomass Power Plant     Latin America     natural gas    
Right Time to Invest in India – US Prompts Its Businesses [12 Oct 2009]  
An export promotion agency of the US government has apprised the US companies to cash in on the business opportunities provided by India particularly in the field of civil nuclear energy, estimated at  ...More
Tags: India     Invest in India     US     business    
Suriname Hopes to Woo Investors at Caribbean Maritime Meet [14 Oct 2009]  
The 39th General Annual Meeting of the Caribbean Shipping Association (CSA) in Paramaribo, Suriname has well become a platform to attract more business opportunities and improve the rating of the Suri  ...More
Tags: Caribbean    CSA    CARIFORUM    EPQ    CARICOM    
Sustainable Seafood Labelling to Provide Details on Origin [16 Oct 2009]  
The recently passed bill by the state of California on Sustainable Seafood Labelling (SSL) will provide consumers an opportunity to identify where the seafood is sourced and how it is produced. Under  ...More
Tags: SSL    MBA    PCFFA    Seafood    FAO    
Trade is Top Priority to Pakistan Now [20 Oct 2009]  
Reeling under the bogey of growing militancy and terrorism, Pakistan is making a fresh effort to engage with countries which are interested to do business with them. The recent engagements with Cuba,  ...More
Tags: FTA    LOTTE    EU    Trade    Pakistan    KEPCO    
EU Releases Funds to ASEAN in a Bid to Fight Piracy [22 Oct 2009]  
The European Commission (EC), the executive branch of the EU has provided $6.7mn to the Association of South-East Asian Nations (ASEAN) to combat the threat of intellectual property (IP) violations in  ...More
Tags: EU    ASEAN    EC    election    IP    FTA    India    China    
Honduran Economy Checkmated by Political Impasse [26 Oct 2009]  
Since showing steady growth at 7 percent in the past few years, one of the most successful growths in the Latin America, Honduras is divided today between ousted President Manuel Zelaya and the interi  ...More
Tags: Honduran    Economy    politics    Latin America    
Plans of Asia-Pacific Integration through Single Currency [27 Oct 2009]  
Asian leaders have once again brought up the idea of common currency at the 4th East Asia Summit (EAS) which opened on Sunday, where ASEAN members along with others including China, Japan, South Korea  ...More
Tags: Asia-Pacific    EAS    China    Japan    South Korea    India    
Bahrain MPs Plump for Snapping Ties with Israel [29 Oct 2009]  
Despite strong opposition from the government, the Bahraini lawmakers have passed a bill to totally disconnect with Israel which includes travel and trade. The bill needs clearance by the consultative  ...More
Tags: Bahrain    Israel    FTA    US    AFP    
Collective Effort Needed to Stop Illegal Ivory Trade [02 Nov 2009]  
It is evident now that the two decades of a law to ban poaching of elephants has done very little to stop illegal trade of ivory which is going on unabated particularly in Africa, and many other parts  ...More
Tags: CITES    IFAW    IFWW    UN    UK    Qatar    
EU Cuts Canadian Seafood Tariff – No Verdict on Seal Ban Yet [03 Nov 2009]  
The European Union (EU) has indicated there would be some modification to the current tariff structure to ease the pressure off the already vexed Canadian seafood producers. The significant change to  ...More
Tags: EU    Canada    Seafood    ATRQ    
New Shipping Invention to Empower Fruit Exporters [04 Nov 2009]  
Fruits can now reach farther markets as a leading shipping company has introduced StarCare, a new generation of Controlled Atmosphere (CA) containers which would preserve the fruits from ripening and  ...More
Tags: CA    fruit exporter    food market    StarCare    
EU Won’t Seek Regime Change in Cuba but Compliance to Rights [05 Nov 2009]  
A visiting EU official said after meeting with the Cuban President Raul Castro that the EU was not looking at a regime change in the communist Cuba, but expected progress on human rights for both side  ...More
Tags: EU    Cuba    Spanish    Raul Castro    Gucht    
Israeli Prez Peres Must Carry Palestinian Answers to Brazil [09 Nov 2009]  
Israeli President Shimon Peres should have answers to the Palestinian issues during his Latin American sojourn if he aspires to strengthen ties with them, particularly, in light of growing opposition  ...More
Tags: Brazil    Latin America    Israel    Europe    North America    
Karzai Seeks Islamic Trade Ties to End Afghan Crisis [10 Nov 2009]  
The Afghan President Hamid Karzai while speaking at the 25th anniversary of the Committee for Economic and Commercial Cooperation (COMCEC) summit, appealed to the attendees that his country was lookin  ...More
Tags: Islamic Trade    Afghan    OIC    COMCEC    NATO    Turkey    
Malaysia and China Prepare Road Map for Future Growth [11 Nov 2009]  
The Chinese President Hu Jintao arrived on Tuesday in Malaysia to commemorate the 35th anniversary of diplomatic ties between both countries, and met Prime Minister of Malaysia, Datuk Seri Najib Tun A  ...More
Tags: Malaysia    China    WCEF    economy    
UID and RTE of India to be the Largest Eco-friendly Projects [12 Nov 2009]  
India would be spending in excess of $100bn on its two ambitious projects, Unique Identification cards (UID cards) and Right to Education (RTE) program in the next five years. The country’s UID projec  ...More
Tags: UID    RTE    eco friendly    UID cards    
US Exports to North Korea Impacted by Trade Embargo [17 Nov 2009]  
The vexed US-North Korea ties have adversely affected the US exports to Korea by almost nothing in comparison to previous year. In response to a second nuclear test on May 25 this year by North Korea,  ...More
Tags: US Export    North Korea    trade    Pyongyang    South Korean    
UN Urges Online Haves to Chip in to the World Food Basket [18 Nov 2009]  
The UN is pinning hopes on its “A Billion for a Billion” campaign, which appeals internet users to donate $1.50 or €1 a week to combat global  ...More
Tags: UN    world food basket    internet    WFP    FDI    
Survey Finds No Country is Immune to Economic Crimes [20 Nov 2009]  
PricewaterhouseCoopers' (PwC) bi-annual Global Economic Crime Survey which gives exhaustive data on the business frauds found that no country was immune to corporate frauds. The findings of the survey  ...More
Tags: survey    PwC    economy    China    Japan    
India Awaits Major Surge in Investments from the GCC [23 Nov 2009]  
The Indian Ambassador to Qatar, Deepa Gopalan Wadhwa told the 12th Industrialists’ Conference, organised by the Gulf Organisation for Industrial Consulting that her country was expecting a surge in in  ...More
Tags: India    investment    GCC    Qatar    FDI    
Canada Aims to Feed the Growing Seafood Appetite of Asia [24 Nov 2009]  
The Canadian fish industry is agog over capturing the new emerging markets of Asia through aggressive promotion programs in spite of competition from ASEAN fishing industry. The Canadian fishing indus  ...More
Tags: Canada    Seafood    Asia    fish industry    China    ASEAN    
Bulgarian Hoteliers to Start Own Bank to Tame Credit Crisis [25 Nov 2009]  
The Bulgarian hotel owners are all geared up to start their own banking initiative to overcome the high interest rates as rentals and revenues are receding owing to the ongoing economic downturn and o  ...More
Tags: Bulgaria    economy    crisis    H1N1    
China Advises to Maintain Quality Instead of Blindly Pursuing Profit [26 Nov 2009]  
As to stimulate its frail brand value, one of China’s business heads said that while entering the ASEAN market, the Chinese enterprises should abide by local industry regulations and establish sound r  ...More
Tags: China    CABC    CAFTA    ASEAN    FTA    Business Council    
Developing Nations barring China Joint Hands to Cut Tariff [03 Dec 2009]  
The trade representatives from 22 nations of developing and emerging economies at the sidelines of the three-day WTO ministerial meet have signed an accord to reduce industrial tariffs. According to t  ...More
Tags: China    WTO    MERCOSUR    India    Mexico    Morocco    GDP    
Growth of Cheap Fakes Continue to Hurt Cell Phone Majors [08 Dec 2009]  
Gartner, a market research firm has stated in its recent report that knock-offs or cheap imitations of branded mobile phones would double their growth by this year to eat away more than 10 percent of  ...More
Tags: Cell Phone    Mobile    GSM    CDMA    SIM    IMEI    
Russia to Lead Gas Exporters – Reinforces its Position [10 Dec 2009]  
Leonid Bokhanovsky, a board member and the first vice president of the leading engineering-construction company Stroitransgaz of Russia has been chosen as the General Secretary of the Gas Exporting Co  ...More
Tags: Russia    GECF    gas exports    Iran    India    
Scotch Whisky Exports Keep the Spirits Up [11 Dec 2009]  
According to the Scotch Whisky Association (SWA) the exports of Scotch whisky reached the positive mark by the end of September despite a poor performance in the first quarter. The association is conf  ...More
Tags: Scotch    whisky    SWA    Scotch Whisky Association    France    
Australia Outperformed Rest of Advanced Nations [14 Dec 2009]  
The Australian Treasurer Wayne Swan claimed that his country continued to outperform most other nations even as the impact of the global economic crisis eroded almost all economies. He made this state  ...More
Tags: Australia    economy    ABS    RBA    Reserve Bank    
EU Phyto Sanitary Recognition to Boost Mexican Exports [15 Dec 2009]  
The EU has recognized Mexico’s SENASICA as a regulatory authority of Sanitary and Phytosanitary Measures (SPS). The SENASICA or the National Service for Animal Health, Food Safety, and Agricultural an  ...More
Tags: Eu    Mexico    SENASICA    SPS    PROTLCUEM    FTA    
Iran Sends Team to Scout for More Business in Iraq [16 Dec 2009]  
A trade delegation from Iran headed by the director of the provincial trade organization in Tehran Seyyed Ali Mousavi has arrived in Baghdad to improve trade ties with its Iraqi counterparts. This is  ...More
Tags: Iran    Iraq    business    trade    non oil exports    
Argentina Sees Remarks by US Envoy as Political Posturing [18 Dec 2009]  
The US Secretary of State for Western Hemisphere Affairs Arturo Valenzuela’s recent visit to Argentina did not pan out as expected after he quoted the US businessmen had raised investment doubts over  ...More
Tags: Argentina    US    Chile    terrorism    drug trafficking    
USDA Releases Details on Funds for Emerging Markets Program [21 Dec 2009]  
The US Department of Agriculture (USDA) has announced that 91 agricultural trade promotion projects had been allocated $8.2m for the fiscal 2009 to promote overseas market access for the US food and a  ...More
Tags: US    USDA    EMP    agricultural products    Africa    TIRF    
Fading Memories of Vendetta and Resolve to Coexist Transform Rwanda [22 Dec 2009]  
Rwanda has become a model to many countries of endless conflicts to perceive the significance of reconciliation and co-existence. The former US President, Bill Clinton’s proposal does not become rhet  ...More
Tags: US    HIV    AIDS    Rwanda    Sweden    Finland    
Blizzard Saves the Season for E-tailers in US [24 Dec 2009]  
The snow storm that crippled the US during the final shopping weekend on December 19 and 20 became a blessing in disguise for e-commerce businesses as the total online sales recorded 13 percent growth  ...More
Tags: e-commerce    businesse    Amazon    Walmart    Apple.com    
Philippines Will Adopt Aus Halal Model to Boost Meat Exports [02 Jan 2010]  
The Philippines will be aiming for a larger share of the global halal market worth $150bn by adopting the Australian standards on halal products. The government and the industry have taken such a deci  ...More
Tags: Philippines    ISO    NMIS    Export    Australia    
Somali Piracy Ransoms Alleged on Kenyan Realty Boom [04 Jan 2010]  
A sudden surge in property prices in Nairobi, the Kenyan capital, has invited the wrath of general public alleging the piracy booty from Somalia is meddling with the realty market to make them beyond  ...More
Tags: Somali    Nairobi    Associated Press    property    Kenya    
Economists Differ on US Economic Recovery [05 Jan 2010]  
Nobel laureates Paul Krugman and Joseph Stiglitz along with economics professor Martin Feldstein of Harvard University sounded the alarm at the annual meeting of the American Economic Association in A  ...More
Tags: economy    economic recovery    Boston    US    Europe    
S-Korea Plans 2nd Capital City with Incentives to Investors [05 Jan 2010]  
The changed plans for Sejong city, located about 130kms south of Seoul, from administrative township to a science-business one will take off after a nod from the parliament with incentives for all est  ...More
Tags: S-Korea    PMO    FEZ     free economic zone    Sejong    
US Farm Bureau Laments Trade Deal Delays Ahead of Annual Meet [08 Jan 2010]  
An official of the American Farm Bureau Federation (AFBF), the largest farm organization in the US said delays by Obama administration to strike trade deals with potential countries and blocs were cau  ...More
Tags: US    AFBF    Barack Obama    trade    FTA    agriculture    ASEAN    
NZ Islamic Fed Questions Indonesian Halal Credentials [11 Jan 2010]  
The Federation of Islamic Associations of New Zealand (FIANZ) has objected to the Indonesian Council of Ulema (MUI)’s move to make mandatory obtaining halal from the councils own certification before  ...More
Tags: NZ    Indonesia    FIANZ    New Zealand    MUI    Malaysia    
Business Connivance Virus – In 90s Tobacco and Now H1N1 [19 Jan 2010]  
According to a study, what the world is hearing from the H1N1 space about the false pandemic alarm and the WHO staff’s collusion with pharma powerhouse are just what happened in the 1990’s at the behe  ...More
Tags: Business    Tobacco    H1N1    EPC    GSK    RT    
Chavez Devaluation Missile Ravages French Retail Chain [19 Jan 2010]  
Exito, a joint French-Colombian supermarket chain, has fallen prey to this month’s Venezuelan currency devaluation policy, which warned action against any firm that involved in speculative price hikes  ...More
Tags: French    commerce    business    economy    
What to Eat - Farmed or Wild Salmon - Debate Rages on [20 Jan 2010]  
It is a well known fact that salmon is the most sought after fish for its delicacy status and health benefits. Consequently, salmon is also the most farm-raised fish with its high demand and lucrative  ...More
Tags: CNN    PCB    EWG    NFI    BCSFA    business    
China Acts by welcoming More Indian Goods [21 Jan 2010]  
The Chinese Premier Wen Jiabao gave assurance to the visiting Indian Commerce and Industry Minister Anand Sharma that his country would do everything to iron out trade imbalances with India. New Delhi  ...More
Tags: China    Indian goods    China export    India    
EU Aims to Tide over WTO Ceiling on Sugar Exports [22 Jan 2010]  
In the wake of repeated requests from International Confederation of European Beet Growers (CIBE) and other sugar agencies of Europe to export surplus sugar, the EU as a ‘matter of urgency’ is plannin  ...More
Tags: EU    WTO    sugar exports    CIBE    Europe    India    Brazil    
Online Exporter Guide from ITC to Mainly Aid Africa [23 Jan 2010]  
The International Trade Centre (ITC) has launched a comprehensive, interactive trilingual online version of its Cotton Exporter’s Guide as an outreach to improve the skills and abilities of developing  ...More
Tags: online exporter    cotton exporter’s guide    ITC    UNCTAD    
Latin American Countries to Begin Single Currency Talks [25 Jan 2010]  
The trade ministers of an alliance of Latin American Countries (ALBA) will meet today to discuss the operational launch of a regional electronic currency. In last April, Venezuelan President Hugo Chav  ...More
Tags: Latin America    single currency    ALBA    US    
New Zealand Basks in the Success of Avatar [27 Jan 2010]  
Avatar, the most expensive and the largest grosser movie ever made has given a big boost to the New Zealand (NZ) film industry and the economy as a whole. The 3D mega visual has delivered USD$218mn to  ...More
Tags: New Zealand    NZ    economy    SPADA    LBSPG    WD    Avatar    
FIFA and SA Allay Fears over World Cup Security [28 Jan 2010]  
The president of South Africa (SA) Jacob Zuma and the FIFA's secretary general Jérôme Valcke at separate occasions informed there was no security threat to the forthcoming football (soccer) World Cup  ...More
Tags: FIFA    SA    South Africa    World Cup    WEF    Germany    
China to Tax E-tailers as an Act of Internet Regulation [02 Feb 2010]  
China’s Administration for Industry and Commerce will soon keep tabs on its online businesses to check fraud and generate revenue through one of the country’s fastest growing industries. A new proposa  ...More
Tags: China    internet    commerce    business    Beijing    
Japanese to Taste Pakistani Mangoes this Season [05 Feb 2010]  
An official from the Pakistani Embassy in Tokyo has informed that Japan would likely remove the two decade old ban on country’s mangoes as they had been able to fulfill the required standards for impo  ...More
Tags: Japan    Pakistan    VHT    JETRO    
Russia to be Less Reliant on Food Imports [08 Feb 2010]  
According to RIA Novosti, the President of Russia, Dmitry Medvedev has approved a plan to boost domestic food production and reduce the country's dependence on imports. Russia plans to enhance its foo  ...More
Tags: Russia    food imports    grain export    India    China    
US-Mexico Truck Dispute Enters Hope Highway [10 Feb 2010]  
A meeting between two top government representatives from the US and Mexico suggests the Obama administration’s revocation of the pilot program will be lifted soon to end the one year old trade spat.  ...More
Tags: US    Mexico    economy    NAFTA    agriculture    
Irish Visa Rules Restrict Potential Tourists [15 Feb 2010]  
The head of the representative body for private bus operators in Ireland has said that the country’s stringent visa requirements from certain countries were not allowing more job creation and perk up  ...More
Tags: Irish    tourism    CTTC    EU    UK    US    
Malaysia to Hire Foreigners for Custom-made Garment Industry [16 Feb 2010]  
The rising demand for custom-made garments and lack of skilled domestic tailors are hampering the growth or even the existence of many tailoring shops in Malaysia. An industry head apprised The Star t  ...More
Tags: Malaysia    garment    MIBA    India    business    
New Nature-friendly Plastics to Revolutionize Global Industry [23 Feb 2010]  
A versatile bio-degradable plastic being developed by a group of scientists at the Imperial College London is all set to transform the packaging industry as well as the healthcare. According to the r  ...More
Tags: plastics    industry    EPSRC    food    agriculture    
Migrant Workers Fuel e-Wallet Growth in the Gulf [24 Feb 2010]  
The current mobile phone finance players and aspiring entrants are vying among one another to extract a higher share of the future market of mobile payments, the latest mode of payment among migrant w  ...More
Tags: fuel    Gulf    VAS    business    Sweden    
Kenya Takes Over Sri Lanka as Largest Tea Exporter [25 Feb 2010]  
In the latest data provided by the Tea Board of Kenya indicate that the country has usurped the throne of Sri Lanka for the first time as the biggest tea exporter in the world. While Kenya exported 34  ...More
Tags: Kenya    Sri Lanka    tea export    UAE    
Greece Needs Pragmatism not Post mortem [01 Mar 2010]  
Greece, the EU member state, which is experiencing a severe economic crisis, has literally become a thorn in the flesh to the Union. Initial analysis on the ongoing crisis indicate a likely domino eff  ...More
Tags: Greece    EU    economy    Germany    Olympic games    
Removal of Ban on Beef Imports by Australia Sets off Dissent [02 Mar 2010]  
Protectionism versus safety took the centre stage of debate between the Rudd administration and the domestic beef industry along with the main opposition while the Australian government declared the r  ...More
Tags: beef import    Australia    FSANZ    Canada    BSE    
Thailand Cements Ties with Bahrain with Investment Plans [03 Mar 2010]  
A delegation led by Thai Trade Commissioner Kiat Sittheeamom which comprised representatives from a cross-section of business firms from Thailand presented its interest in exploring varied sectors of  ...More
Tags: Thailand    Bahrain    trade    business    economy    
UK Illicit Pharma Exports to Expand If Gov Actions Fail [09 Mar 2010]  
The recent emergency meeting summoned by the UK Health Minister Mike O'Brien with the trade bodies to condemn and act against the parallel drug trade may become a lip service if the government fails t  ...More
Tags: UK    pharma export    NHS    drug    
India Womens Bill Tied to Population Control and Economic Growth [10 Mar 2010]  
In economic parlance, any entity’s development and growth is judged by its economic capabilities of maximizing returns and minimizing expenditure. Likewise, the proposed Women's Reservation Bill of In  ...More
Tags: India    economy    women    Lok Sabha    Rajyasabha    
Washington Apple Industry Eyes Larger Share of Asian Markets [12 Mar 2010]  
An apple industry head from the US said Washington apples had great future in the Asian markets including Iraq, Iran, India, and even China as they were tastier and of higher quality than the ones whi  ...More
Tags: Washington    Apple    Asia    US    WAC    AMFI    
Developing Nations Follow Rich - Pile up Arms with New Lucre [17 Mar 2010]  
According to a new study, the emerging economies of Latin America as well as South Asia are amassing arms to improve their defence status with their new earnings delivered by globalization. In the pas  ...More
Tags: Latin America    SIPRI    Germany    France    Russia    
EU Embarrassed by Report on Exports of Torture Equipment [18 Mar 2010]  
The EU which insists on stringent enforcement of human rights in every trade deal has found itself cornered by the recent jointly released report by Amnesty International and the Omega Research Founda  ...More
Tags: EU    export    Belgium    Cyprus    Italy    Finland    Malta    
Fairtrade Enters Gold Market with New Standard [19 Mar 2010]  
The Fairtrade Foundation, a market-based social organization has announced that it had jointly developed a gold standard with the Alliance for Responsible Mining (ARM), a coalition of individuals and  ...More
Tags: ARM    A&S    FLO    F&F    gold    jewellery    
Haitians Sceptical about US Re-build Formula [23 Mar 2010]  
Most of Haiti’s population, who are left bereft of their loved ones and homes by the Jan 12 devastation of 7.2 magnitude earthquake is seemed to have woken up to the reality that everything happening  ...More
Tags: Haiti    earthquake    economy    USA    
Russia to Source Poultry and Meat from India [30 Mar 2010]  
Russia will look at India apart from Turkey and Thailand to satisfy its poultry demand to tide over the shortage created by lack of supplies from the US and Brazil. The poultry imports from the US and  ...More
Tags: Russia    poultry    India    US    Brazil    meat    BRIC    
Cameroon Pet Fishers Start to Earn More via WB-backed Project [01 Apr 2010]  
A sustainable aquaculture program developed by the World Fish Centre (WFC) with the sponsorship from the World Bank (WB) is bringing about a change among the ornamental fishing communities of Cameroon  ...More
Tags: Cameroon    fish    WFC    World Bank    Africa    Gulf    
US-Nigeria Aims to Ameliorate Ties by Broad-based Accord [05 Apr 2010]  
The US and Nigeria would be attempting to upgrade its diplomatic ties through a historic comprehensive commission pact to be signed on Wednesday in New York. The bi-national commission agreement comes  ...More
Tags: US    Nigeria    AGOA    TIFA    Africa    
Dutch Revving to Re-write 400yr-old Trade History with India [06 Apr 2010]  
The Netherlands has sent a high level delegation to India to tap the growing importance in the world economy of its long-standing trade partner. The five-day Netherlands economic mission which started  ...More
Tags: Dutch    Netherlands    India    GNP    Europe    
Carbon Reduction by NZ Relies on Progress Achieved by Others [08 Apr 2010]  
New Zealand Climate Change Minister Nick Smith told Radio New Zealand that the implementation of Emission Trade Scheme (ETS) would be based on the progress actualized by other developed countries, esp  ...More
Tags: Carbon    NZ    New Zealand    ETS    EMA    
Dubai Realty Firms Squeeze Clients for Mirages [12 Apr 2010]  
Until the global credit crisis rocked the Dubai real estate projects, way back in 2008, people continued to invest in these projects blindly without any logical personal debt management. The fallout –  ...More
Tags: Dubai    PJSC    UAE    Deutsche Bank    
Aviation Industry May Take Months to Recover from Volcanic Losses [16 Apr 2010]  
The volcano under Iceland's Eyjafjallajokull glacier which erupted on last Wednesday for the second time in a month is likely to inflict huge losses to global trade, particularly to the aviation indus  ...More
Tags: Aviation    Europe    US    Asia    CAPA    
India Scales up Vegetable Exports by 70 Percent [19 Apr 2010]  
In a data presented by Minister of State for Commerce and Industry of India, Jyotiraditya M Scindia concluded that country’s vegetable exports are showing stupendous growth since last year. According  ...More
Tags: India    vegetable    export    APEDA    EICDGI&S    FTP    
ACTA to Play God on Online Activities – Overrides WIPO Role [20 Apr 2010]  
The Anti-Counterfeiting Trade Agreement (ACTA) which will be released on Thursday from New Zealand is expected to put tabs on most e-activities on the basis of piracy or copyright infringement. Moreov  ...More
Tags: ACTA    WIPO    online    New Zealand    Australia    Singapore    
UN Report Warns Neglect of Water and Sanitation to Nullify Progress [22 Apr 2010]  
According to a UN study on water and sanitation, the economic growth of every country is directly linked to its progress made in providing potable water and sanitation facilities. It says there is str  ...More
Tags: UN    MDGs    WHO    GLAAS    WASH    UNICEF    water    
China and Bangladesh Look at US after India Cotton Ban [26 Apr 2010]  
The US has become the most sought after location for cotton following India barred last week its cotton shipments in an effort to curb soaring domestic prices. The sudden halt of exports of Indian cot  ...More
Tags: cotton    importer    surplus    India    US    CAB    
US-Cuba May Hammer out a Deal Soon Despite Divergences [27 Apr 2010]  
The two events, the legislation passed by the US House of Representatives easing travel and trade restrictions and recent municipal election in Cuba suggest the US will end the 48yr-old embargo agains  ...More
Tags: US    Cuba    Barack Obama    rice    agriculture    
Saudi Arabia Broadens Business with US on a Grand Scale [29 Apr 2010]  
The ongoing two-day US-Saudi Business Opportunities Forum, a first of its kind, has become a venue for the Saudi kingdom to woo US with investment opportunities worth more than $250bn. A delegation of  ...More
Tags: Saudi Arabia    business    US    NUSACC    
Pak Engineering Sector Aims to Step-up Exports by Gov Backup [30 Apr 2010]  
Pakistan’s Engineering sector has urged its government to have a bifocal approach on its export strategies instead of solely relying on textiles. A workshop on National Engineering Exports Development  ...More
Tags: NEEDS    textile    EDB    
Majority Do Not Buy Terror Advisories Rather Go by Intuition [03 May 2010]  
A recent opinion poll on whether terror advisories altered one's business itinerary revealed that 54 percent of the respondents went by their intuition and never fell prey to media hype or any such go  ...More
Tags: Terror     Travel     Advisory     India     US    
EU Members wish to Increase Trade with Iran [04 May 2010]  
An Iranian official claimed most European countries were keen on engaging in trade with Iran devoid of political pressures and other bottlenecks. The likely reason for that opinion would be due to the  ...More
Tags: nuclear     Iran     US     Ahmadinejad     weapons    
Greece a Lesson for Blocs Aim to Emulate EU [09 May 2010]  
Greece crisis must be termed as a discouraging event for blocs from Latin America and the Gulf which are essaying to toe the line of the EU to form unions with single currency and similar governance s  ...More
Tags: EU     Greece     economy     crisis     debt     Europe    
Greece a Lesson for Blocs Aim to Emulate EU [09 May 2010]  
Greece crisis must be termed as a discouraging event for blocs from Latin America and the Gulf which are essaying to toe the line of the EU to form unions with single currency and similar governance s  ...More
Tags: EU     Greece     economy     crisis     debt     Europe    
Oman-France Eco-tourism Foray on Course despite Deferment [11 May 2010]  
A workshop on 'green architecture and eco-tourism' will be held in Oman between 15 May and 17 May after becoming one of the many casualties to Iceland's volcanic ashes which disrupted air-travel last  ...More
Tags: Eco-Tourism     Ecology     Oman     France    
Used Cooking Oil-based Bio-diesel becomes a Rage in US [12 May 2010]  
In the US, companies and communities alike are fashioning the new wave of energy production by converting cooking oil waste to bio-diesel not just for greening but also for profits and revenue generat  ...More
Tags: US     cooking oil     Bio-diesel     Diesel    
Indo-Israeli FTA Talks to Ride on Equal Trade Opportunities [18 May 2010]  
A Free Trade Agreement (FTA) between India and Israel, proposed by the latter about four years ago, has all the trappings for an early completion as both sides find the future partner with complementa  ...More
Tags: Israel     FTA     trade     tariff     bilateral     India    
China Initiates Huge Private Participation in Energy Sector [19 May 2010]  
Last week China has announced that it would accept public bidding for national oil reserve projects, indicating that the government is planning private participation in energy domain to cut state's so  ...More
Tags: China     India     Trade     Fuels     Privatization    
Mosquito-feasting Plants May Well Be the Answer [21 May 2010]  
A Ugandan scientific team is believed to have discovered an eco-friendly method to eradicate mosquitoes. The team headed by Prof. Jasper Okeng of the Pharmacology department of Makerere University is  ...More
Tags: Uganda     malaria     mosquito     Africa    
GCC Puts Oil and Gas Exports at $18.3tn [24 May 2010]  
The head of Dubai International Financial Centre (DIFC) while addressing the second day of the MENASA (Middle East, North Africa and South Asia) Forum in Dubai said with the presumption of average oil  ...More
Tags: GCC     oil     stock     crude     finance     Dubai    
Global Infrastructure Deficit Pegged at $2Trillion Per Annum [25 May 2010]  
The World Economic Forum’s Positive Infrastructure Report (PIR) finds that world faces a global infrastructure deficit of US$2 trillion per year over the next 20 years. The report analyses the four la  ...More
Tags: WEF     Economy     Infrastructure    
Strike Paralyses SA with More in Store Ahead of World Cup [27 May 2010]  
South Africa (SA) continues to reel under the 'strike' bogey with transport strike nearing end while others surfacing. A likely strike by half of the workers at state-owned power utility Eskom and an  ...More
Tags: SA     World Cup     Strike     Crisis     Eskom    
World Oceans Day 2050 would be a Fishless Celebration [30 May 2010]  
According to a recent UN report, the World Oceans Day June 8 designated and celebrated by the UN since last year would be a fishless one in 2050 if the fishing industry failed to restructure itself. T  ...More
Tags: Fish     World Oceans Day     Fishing    
Sri Lanka Trade Pacts – Some Prefer China over India [01 Jun 2010]  
The Comprehensive Economic Partnership Agreement (CEPA) expected to be signed between India and Sri Lanka next month which sparked off recent protests in Colombo is seen as a retrogressive deal by som  ...More
Tags: CEPA     India     China     Sri Lanka     Trade     Business    
NZ Reveals Game Plan on FTAs and Bilateral Trade Pacts [02 Jun 2010]  
New Zealand Trade Minister Tim Groser's address while laying the groundwork for the FTA talks with Russia has unveiled a strategy that his country would possibly be effecting the early mover advantage  ...More
Tags: WTO     FTA     Trade     Commerce     Russia    
Nigeria Loses 10 Percent of the GDP to Illegal Maritime Acts [03 Jun 2010]  
A top official from the Nigerian government has informed that the country was losing more than 10 percent of the GDP solely due to illegal maritime activities taking place in the Nigerian waters. The  ...More
Tags: Nigeria     GDP     Trade     PICOMSS     NSA    
Cosmetics Next in Line to Boost Global Halal Trade [07 Jun 2010]  
The recently concluded Beautyworld Middle East 2010, the largest international trade fair for beauty products in the Middle East, is proving that there is huge demand for halal cosmetics as well besid  ...More
Tags: Middle East     Trade     Business     Cosmetics    
OAS Meet to Heed TI Recommendations [08 Jun 2010]  
The Organization of American States (OAS) in its 40th General Assembly in Lima is understood to have taken into consideration the recommendations by Transparency International (TI) to improve transpar  ...More
Tags: OAS     TI     Lima     Inequality     Latin America    
Botswana Identifies Cuba as Decisive Ally – Signs Pacts [11 Jun 2010]  
The three-day visit by the president of Botswana to Cuba has culminated in the signing of several accords including healthcare, education, sports and agriculture. The Botswanan President Seretse Khama  ...More
Tags: Botswana     Cuba     MoU     Trade     Medicine    
Overarching Trade Promotions by Turkey to Power Growth [14 Jun 2010]  
The Turkish government through various trade programs is ensuring that its economy will grow by more than 12 percent in the coming quarters. The one such program is the "Turkey-World Trade Bridge 2010  ...More
Tags: Turkey     TWTB     SME     TUSKON     Business    
Afghan Serendipity Exposes US Interests in Business of War [15 Jun 2010]  
It was always a mystery why most military powers constantly attempted to occupy often portrayed derelict Afghanistan, but with the latest discovery of the country being seated over more than $1tn prec  ...More
Tags: Afghanistan     US     War     Mineral     Metals    
India Diamond Trade Bolsters - Yet Short of Pre-crash levels [18 Jun 2010]  
According to the Gem & Jewellery Export Promotion Council (GJEPC), India's polished diamond exports rose 73 percent year on year to almost $1.8bn in May and the polished imports rose 68 percent during  ...More
Tags: GJEPC     Gems     Diamonds     India     Mining    
Serbian Businesses Find Croatian Markets Unwelcome [18 Jun 2010]  
The Serbian businesspeople feel that though their country has opened doors to the Croatian firms and products since 2000, the Serbian companies are still not welcome in Croatia. According to a story a  ...More
Tags: Serbia     Croatia. Trade     Nectar     Juice     Business    
Lewis Turning Point of Chinese Economy May Improve Quality [21 Jun 2010]  
The recent strikes at Honda and other factories in China for pay hike have to be construed as the fallout of the dearth in obtaining 'qualified' workers and the rapidly changing mores of the Chinese w  ...More
Tags: China     Labout Force     Skills     Growth    
Discarded Plastic Bottles Provide Housing for Poor in Lat-Am [23 Jun 2010]  
The ubiquitous plastic bottles, a serious menace to nature is becoming a key raw material in building houses for the low income families of Latin America. The brain behind this project is understood t  ...More
Tags: Latin America     Spanish     Bottles     Green    
Airline Introduces iTicketing with Apple iPad Kiosks [24 Jun 2010]  
Malaysia Airlines (MAS) in collaboration with SITA, an air transport technology major, has installed iPad kiosks at the Kuala Lumpur Sentral (KL Sentral), to simplify flyers’ travelling needs. The ini  ...More
Tags: Malaysia Airlines     Apple     iPad     Flight    
Normalcy in Kyrgyzstan Weigh beyond Parliamentary Democracy [30 Jun 2010]  
Despite a referendum for parliamentary democracy, the future of Kyrgyzstan depends a lot on the foreign policy for the country by Russia and the US. Russia along with the US backed the decision to go  ...More
Tags: Kyrgyzstan     NATO     Parliamentary     Democracy    
Jabulani Controversy May Favour Dwindling Pakistani Exports [02 Jul 2010]  
The hullabaloo over Jabulani, the official FIFA World Cup football may help the failing exports of Pakistan if the soccer governing body opted for Pakistan’s hand-stitched footballs over the Chinese t  ...More
Tags: FIFA     Soccer     World Cup 2010     Jabulani     Football    
EU Prez Tours West Balkans to Assuage Fears on EU Accession [06 Jul 2010]  
The European Union President Herman Van Rompuy has made a whirlwind trip to the Western Balkan states starting from Slovenia through Croatia, Serbia and Kosovo to demonstrate the Union's commitment fo  ...More
Tags: EU     Balkan States     Croatia     Finance     Europe    
Foul German Cheese Savour Protests from Italian Farmers [08 Jul 2010]  
A multitude of Italian farmers converged on the Austrian border to protest at the importation of tainted cheese from Germany with Italian-sounding brand names. The demonstration was held on account of  ...More
Tags: Cheese     Mozzarella     Milk     Coldiretti     Italy    
EAC Common Market Likely to Slash Cost of Consumables [12 Jul 2010]  
The East African Common Market (EACM) which came into force on July 1 is expected reduce prices of household items as the new 'competitive' market environment will trigger some price shake-up on many  ...More
Tags: EACM     EAC     Uganda     East African Business Week    
Kuwait Out-reaches to South America for Bettering Ties [14 Jul 2010]  
A high profile delegation headed by the Prime Minister of Kuwait Sheikh Nasser Al Mohammed will begin its tour of South America on Wednesday. The three-week trip to nine countries including Antigua an  ...More
Tags: Kuwait     KUNA     Al Sammak     KCCI     GCC     America    
Indo-Pak Ties - The Chokepoint for Indian Exports to Afghan [19 Jul 2010]  
The trade treaty signed on Sunday between Pakistan and Afghanistan has become a major embarrassment to the visiting US Secretary of State Hillary Clinton as the deal conspicuously disallows Indian exp  ...More
Tags: Indo-Pak     Afghan     Exports     Clinton     Commerce    
Zimbabwe to Buy Small Denominations to Fix Currency Crisis [20 Jul 2010]  
The Finance Minister of Zimbabwe has announced that his country would import small change to stave off worsening currency problems. The day to day lives of the Zimbabweans have become difficult ever s  ...More
Tags: Zimbabwe     Tendai Biti     US     Currency     Credit    
Mercosur-Egypt FTA Likely to Exclude Sensitive Poultry Trade [23 Jul 2010]  
The Free Trade Agreement between Mercosur and Egypt is expected to label poultry in the sensitive category as the latter fears it may adversely impact the domestic industry. According to the Al-Masry  ...More
Tags: Egypt     Trade     Commerce     Mercosur     Poultry    
Your Drink Can Help Some Farmers Get Living Wages [27 Jul 2010]  
TransFair USA, a non-profit organization and a third-party certifier of Fair Trade (FT) products in the US has now launched FT-labelled vodka which ensures farmers from Bolivia to fetch commensurate e  ...More
Tags: TransFair     Vodka     Bolivia     Malawi    
Staunch Trade Ties Do Not Vouch Chinese to Invest in N-Korea [27 Jul 2010]  
A Chinese trade expert in an interview to the Global Times, a Chinese newspaper and arm of People’s Daily told many Chinese companies had lost money while trading and investing in North Korea as the c  ...More
Tags: China     N-Korea     Trade     Investment     Sanctions    
Cambodia Garment Strike Spotlights on Labor Rights [29 Jul 2010]  
The wraith of global meltdown is still resonating in some form or the other in most outsourcing dependent countries. The recent Cambodia garment workers’ strike turns out to be a perfect case in point  ...More
Tags: Cambodia     Strike     Garment     Wrokers     Phnom Penh    
Tourism Primed to Spur Economic Growth of UK for a Decade [02 Aug 2010]  
The finding of a report on the UK tourism industry reveals that the tourism revenue of the country is set to rise by more than 60 percent to £188bn by 2020, and one of the main draws of the next decad  ...More
Tags: UK     Tourism     Deloitte     Olympic Games 2012    
Syria, Turkey, Lebanon and Jordan Sign Quadripartite FTA [03 Aug 2010]  
Turkey will join an economic bloc comprising of the Middle Eastern states such as Syria, Lebanon and Jordan ahead of the protracted accession to the EU. Last weekend, the four nations jointly agreed t  ...More
Tags: Syria     Turkey     Lebanon     Jordan     Trade    
Australian Opposition Unfurls Trade Map Ahead of Polls [09 Aug 2010]  
The Nationals' leader Warren Truss revealed that a Coalition government at the centre would restore funding to exporters and appoint an ambassador for trade reforms and specialist trade representative  ...More
Tags: Australia     Warren Truss     Labour     AUD     Trade    
Aviation Industry Lengthens Trajectory in Africa [09 Aug 2010]  
Renewed confidence in the African economic renaissance, most international airlines are on an expansion mode in the African continent to meet the growing demands of a prospective travel and freight ma  ...More
Tags: Aviation     Africa     British Airways     Belgian    
China Okays Iran Sanctions – Yet Holds Trade with Impunity [10 Aug 2010]  
The recent sanctions against Iran hammered out by the US and like-minded countries targeting energy and banking sectors have become more blatantly farcical when China resumed oil trade with Iran even  ...More
Tags: China     Iran     Russia     Oil     Trade     Sactions     Energy    
US Trade Delegation Makes SOS Trip to Columbia [11 Aug 2010]  
More than 100 industrialists from the US are touring Columbia to identify potential areas of trade, and maximize their business prospects under the new regime before it is too late as the new presiden  ...More
Tags: US     Columbia     Trade     Canada     FTA    
Philippines is after Casino Biz amid Opposition [13 Aug 2010]  
The Philippines aims to become Asia's next big gambling hub by building casinos and related entertainment zones across the country amid controversy. According to Philippine Amusement and Gaming Corpor  ...More
Tags: Philippines     Casino     PAGCOR     Gambling     Stock    
Switzerland Prepares for a Historic FTA with China [17 Aug 2010]  
The Swiss President Doris Leuthard's week-long visit to China is likely to make Switzerland once again a first mover from Europe to sign an FTA with China as it had established diplomatic ties 60 year  ...More
Tags: Switzerland     China     Commerce     Trade Partner    
Dolphin Exports from Solomons Invite Protest – Trader Defends Sale [23 Aug 2010]  
The dolphin trading by one of the Solomon Islands' exporter has not gone well with a leading animal right organization. Solomons dolphin activist Lawrence Makili who is the Earth Island Institute's Pa  ...More
Tags: Dolphin     Solomons     Whales     The Cove    
Dubai Free Zone Firms Pick up Pace on Global Recovery Cues [24 Aug 2010]  
The Dubai Chamber of Commerce and Industry in its latest release said that the firms within Dubai's free zones had traded $30.5bn worth of exports and re-exports last year to register a whopping 40.7  ...More
Tags: Dubai     Jebel Ali     DAFZ     Ras Al Khaimah     Gulf    
Country in Conundrum of Siding Whom Leaves Citizens Starving [26 Aug 2010]  
Despite relative success of reaping decent harvest after the worst violence interfered with the first of the two crops of the year in June, the farmers in Southern Kyrgyzstan are at the crossroads for  ...More
Tags: Kyrgyzstan     Crisis     Kyrgyz     UNDP     Economy    
Investment Threshold Makes Ghana No Entry for Businesses [30 Aug 2010]  
An analysis on investments in Ghana finds that an old law is restricting foreign investments to that country as it prescribes unreasonable minimum investment limit while leaving out domestic ones from  ...More
Tags: Ghana     ECOWAS     Nigeria     Exports     Africa    
S-Korea Bags another Deal in Latin America - FTA with Peru [01 Sep 2010]  
After holding seven rounds of talks in past 18 months, South Korea has decided to sign an FTA with Peru to fuel its ambitions in South America. The latest trade pact for Asia's fourth-largest economy  ...More
Tags: ASEAN     EFTA     South Korea     Asia     Commerce    
UNIDO gives Fillip to West African Economy [02 Sep 2010]  
The United Nations Industrial Development Organization (UNIDO) is understood to have decided to chart out plans to boost trade partnership within West Africa. The UNIDO Director Felix Ugbor laid out t  ...More
Tags: UNIDO     AGM     West Africa     Nigeria     ECOWAS    
Global Amphibian Trade Thrives on Porous Legal Framework [10 Sep 2010]  
An interview on WOMM-LP, a non-commercial community radio station based in the US, between leading amphibian experts has disclosed - along with the trade and consumption of frogs and other related liv  ...More
Tags: WOMM-LP     Frogs     Eco-system     Amphibians    
Italian Fears are not Baseless - Koreans Make Cost-effective Cars [13 Sep 2010]  
It is not about who makes a better auto-mobile - but in today's globalized market, it is rather who makes cost-effective and fuel-efficient ones. Climate change and rising hydro-carbon prices have zer  ...More
Tags: Korean Auto     Italian Cars     Hyundai     Kia     EU    
Laos Gets Galvanized by Signing Pacts with Trade Partners [16 Sep 2010]  
In less than a week, Laos has signed several trade deals with Vietnam and India in a bid to achieve its objective of becoming a developed nation by 2020. The country is understood to have put itself o  ...More
Tags: ASEAN     Laos     ASEAN-China     China    
India Rupee Growth Boosts Confidence amid Trade Deficit Worries [22 Sep 2010]  
The Indian currency with its new symbol is riding high as since May 2009 investors pumped in unprecedented $24bn into the nation's stocks and bonds. In contrast, the BOP statistics draw a gloomy pictu  ...More
Tags: INR     Currency     USD     Bloomberg    
Salvador Takes Diplomatic Route to Resolve Dominican Export Ban [23 Sep 2010]  
Two senior ministers from El Salvador are touring the Dominican Republic in order to address problems related to the exports with the Caribbean country. The Salvadoran Ministers of Economy, Hector Dad  ...More
Tags: El Salvador     Economy     Dominican Export     Ban    
Senegal Pitches for Tourism Impetus via Atlanta [23 Sep 2010]  
El Hadji Aziz Gueye, the tourism director of Senegal while surprising the Atlanta's mayor Kasim Reed by informing about the shifting of its office to Atlanta from New York two weeks ago has evoked the  ...More
Tags: Senegal     Africa     Dakar     Africa    
China Uses Predominate Muslim A-region to Woo Arab Commerce [27 Sep 2010]  
China has launched on Sunday a five-day trade platform for maximizing its trade with the Arab world from Ningxia Hui, an autonomous region with predominantly Muslim population. The China Investment an  ...More
Tags: China     Arab Commerce     Sino-Arab     Trade    
EU Lenifies Farmers by Acquiescing in Release of Feed Stocks [28 Sep 2010]  
The European Commission in a bid to check rising feed costs has decided to release about 3mn tonnes of grain from the EU’s intervention stocks. Most European farmers except from Germany have incurred  ...More
Tags: EU     Feed stocks     FNP    
Workers across Europe Strike against Austerity Measures [29 Sep 2010]  
The European trade unions will demonstrate today against the austerity measures adopted recently by many European countries, and will demand recovery plans inclusive of workers and job creation. The p  ...More
Tags: ETUC     Euro     Trade Unions    
Russia Takes Lenient Approach on Timber Exports [01 Oct 2010]  
The Russian Prime Minister Vladimir Putin yesterday told a roundtable forum that the country should discard the obsolete raw-materials export model to maintain growth of timber industry. He also said  ...More
Tags: Russia     Global Markets     Investments    
Congo Mineral Ban Conflicts its Objective [04 Oct 2010]  
The Congolese government's ban on mining activity since Sep 11 following increased violence and rape in Congo's eastern Walikale district, home to most of the country's cassiterite - tin ore, is belie  ...More
Tags: Congo     War     Kimberly     Blood Diamonds    
US Adds Malaysia in Trans-Pacific Partnership for FTA Talks [06 Oct 2010]  
Tired of Doha Rounds being reduced to lip service, the US is closing in on more countries for economic partnership in the Asia-Pacific region to fulfil Obama's export-oriented mission. As a chip off,  ...More
Tags: Malaysia     FTA     International Trade     US    
Bangladesh to Gain from Lankan Absence in EU Apparel Market [08 Oct 2010]  
Sri Lanka being excised from the Generalised System of Preferences Plus (GSP+) status from the EU is reported to allow Bangladesh to exploit the space as it is a competing entity to the Lankan ready-m  ...More
Tags: GSP     EU     Apparel Market     Bangladesh    
Kenya Packages Tourism as a Key Source of Economic Growth [11 Oct 2010]  
According to industry observers, the Kenyan tourism is experiencing a windfall in business this year after declining consecutively for last two years with political instability and global meltdown. La  ...More
Tags: Kenya     Tourism     Revenues     GDP     Africa    
Anti-Iran Camp Launches Media Blitzkrieg to Bilk Iran-Lebanon Ties [12 Oct 2010]  
The President of Iran Mahmoud Ahmadinejad is making two-day visit to Lebanon starting tomorrow, the first since he took office in 2005. His trip has already run into the disinformation campaign by the  ...More
Tags: Iran     Ahmadinejad     US     Lebanon     Democracy    
Thailand Gears up to Enhance Trade with a Democratic Myanmar [13 Oct 2010]  
About 200km Myeik-Mawtaung new road under construction between Thailand and Myanmar will become one of the major features of enhancing cross-border trade between both countries. On Monday, Thai Prime  ...More
Tags: Thailand     Myanmar     Aung San Suu Kyi     NLD    
Pak Urges Turkey to Facilitate Trade by Upgrading New Rail Link [14 Oct 2010]  
Pakistan President Asif Ali Zardari and Premier Syed Yusuf Raza Gilani conveyed to the visiting Prime Minister of Turkey Recep Tayyip Erdogan that their country was desirous of upgrading the new rail  ...More
Tags: Pakistan     Turkey     EOC     Rail Link    
Swiss Banks Thrive despite Reversals in Client Secrecy [18 Oct 2010]  
Latest report indicates Swiss private banks resisted client secrecy censures by the US, France and Germany to attract more than 50bn francs ($53bn) of assets since the end of 2007. According to data c  ...More
Tags: Swiss     UBS     Francs     Bloomberg     Banking    
Germany Aims to Create Greater Sync with India [18 Oct 2010]  
A three-day visit to India by German Minister for Foreign Affairs and Vice Chancellor Guido Westerwelle is believe to rev up Indo-German ties beyond trade as both nurse the goal of becoming the UN Sec  ...More
Tags: Indo-German     Germany     Trade     Guido Westerwelle    
OPEC So Far Bore 400bn Bls – All Set to Pump another Trillion [20 Oct 2010]  
A Saudi top official while addressing a seminar said the Organization of Petroleum Exporting Countries (OPEC), which celebrated its golden jubilee last month, has produced more than 400bn barrels sinc  ...More
Tags: Saudi Arabia     OPEC     Global Oil Industry    
Oil out GM Crops In - In a Bid to Control World [25 Oct 2010]  
A big ticket inter-governmental project on a genetically modified (GM) crop trials are about to begin in five African countries amidst promises of higher yield out of crops grown under below par condi  ...More
Tags: Genetically Modified     Gene Ethics     Crops    
High Time Africa Reckoned Its Business Potential [28 Oct 2010]  
A simple anecdotal incident from an editor of an African media house has pinpointed the loss of African business opportunities within the continent. Kadaria Ahmed editor at Timbuktu Media wrote that p  ...More
Tags: Abdoulie Janneh     aggrandisement    
Ireland Steers towards Middle East to Expand Economic Ambit [02 Nov 2010]  
According to sources, a week-long trip by a high profile Irish trade delegation to Saudi Arabia and the UAE is expected to expand proximity to the Middle East in bilateral trade to politics. The dele  ...More
Tags: economic ambit     irish trade    
Europe Online Ad Spend Will Soon Well be over that of US [09 Nov 2010]  
IAB Europe, an organization which promotes the European digital and interactive marketing industry, in its recent report stated online ad spend across Europe would experience double digit growth with  ...More
Tags: McKinsey     Advertising    
Furtherance of Djibouti Code of Conduct Expected to Cut Piracy [09 Nov 2010]  
A three-day conference organized by Yemen on Djibouti Code of Conduct will likely take strong action against piracy threat along the east coast of Africa which includes Somalia. The meeting of the mem  ...More
Tags: Piracy Djibouti Yemen IMO Somalia    
World Dairy Summit Concludes on Sustainability Mantra [12 Nov 2010]  
The World Dairy Summit which attracted about 2000 or so delegates from 70 countries has wound up the four-day conference with bold sustainability agenda coupled with lowering greenhouse emissions. Sev  ...More
Tags: Dairy NZ Climate Protest Fonterra    
Canadian Minister Discounts Asian Trade Ties [12 Nov 2010]  
In a most stunning manner international trade minister of Canada informed the cabinet that the country’s economic future remained mostly tied to the US — not to Asia or emerging economies. A position  ...More
Tags: Canada FTA Loan Asia US    
Fairtrade Refutes Charges of Its Affiliate Farmers No Better [12 Nov 2010]  
The Fairtrade Foundation has hit back at the criticism of its products had failed to lift the farmers out of poverty by a think-tank stating that such claims were baseless. The Institute of Economic A  ...More
Tags: Fairtrade Cadbury Starbucks Crowther Mali    
World Congress of Accountants views Islamic Economic Model more Sustainable [12 Nov 2010]  
Most accountant professionals from different parts of the world at the World Congress of Accountants (WCOA 2010) held at Kuala Lumpur has concluded that the Islamic financial system was more resilient  ...More
Tags: Islamic Finance Malaysia WCOA Accountants    
Hong Kong Minimum Wage Decision to Influence Many Others [16 Nov 2010]  
Hong Kong’s decision to implement minimum wage is expected to have a domino effect on many resurgent Asian economies as most of them are socialistically inclined democracies. Hong Kong floor wage, whi  ...More
Tags: Hong Kong – Wages - Labour – Macau - Trade Union    
Belgium Backs Zimbabwe on Diamond Trade – KP at Crossroads [17 Nov 2010]  
The future of the Kimberley Process (KP), the international diamond trade watchdog is put to doubt when its monitor from South Africa certified a batch of controversial Zimbabwean diamonds for trade c  ...More
Tags: Diamond Trade     Kimberly     Crossroads    
Terror Fear to Step-up Middle East Spend on Security Systems [18 Nov 2010]  
According to an industry expert, the increasing fear of terror strikes is compelling public as well as private sector in the Middle East to enhance their outlay on security systems and related technol  ...More
Tags: Security Systems    Gulf    Middle East    Intersec    
Antigua & Barbuda Diversified Return to Agri-business a Success [24 Nov 2010]  
The Antigua Black Pineapple export project, which began in November 2008 with joint backing from the Antigua & Barbuda Development Bank (ABDB) and Norway, has been termed as a success by the bank offi  ...More
Tags: Antigua&Barbuda    ABDB    Norway    Pineapple    Tourism    
Trade Unions Unite to Halt Unfair Treatment towards Women [25 Nov 2010]  
The International Trade Union Confederation (ITUC) has decided to mark International Day for the Elimination of Violence against Women and Girls by planning several programs across the globe. The ITUC  ...More
Tags: ITUC     Women     Violence     Trade     Labour     Workers    
Competitive Consumable Prices can Enhance Fiji Tourism [25 Nov 2010]  
A consumer group has informed Fiji government that exorbitant prices of tourism products and services were discouraging tourist and transport operators. According to the tourism industry, Fiji is targ  ...More
Tags: Fiji     Tourism     SME     New Zealand     Australia    
Monaco Devises programs to Garner Indian Travel Market share [26 Nov 2010]  
The tourism department of Monaco in collaboration with the Indian respective office has concluded five-day long programs including road shows at the two major cities of India to promote Monaco as a pr  ...More
Tags: Rolex Masters    Monaco    Grand Prix    F1    India Tourism    
Small Biz Sat Debuts in US to Beat Click Buying and Chain Stores [30 Nov 2010]  
The American Express’s initiative to aid local small businesses to compete with online and chain stores with the slogan of Small Business Saturday on 27 Nov has shown new direction in sales. To stop e  ...More
Tags: American Express     Black Friday     Cyber Monday     SME    
Romania to Export Power to Syria and Turkey via Marine Lines [02 Dec 2010]  
The Romanian Ambassador Daunt Florin Sandovici while in Damascus announced that both Romania and Syria were planning to conduct commercial viability study of a marine line in the Black Sea for exporti  ...More
Tags: Romania     Syria     Turkey     Business     Trade    
US-Korea FTA Likely to Dent Japanese Exports [06 Dec 2010]  
The US which has turned a price sensitive market especially post global recession will be an advantageous terrain for South Korean goods over the Japanese ones following the ratification of the FTA be  ...More
Tags: US FTA     South Korea     Japan Trade     Asia     Business    
Chinese Yuan Expanding Rapidly to Become Global Reserve Currency [08 Dec 2010]  
According to the People’s Bank of China, the trade transactions settled between June and November in Chinese currency is to the tune of 340bn yuan ($51bn). In a bid to make yuan a global reserve curre  ...More
Tags: Global Reserve Currency    Yuan    Renminbi    Finance    
Bahamas Shipping Registry on Course to Ballistic Growth [09 Dec 2010]  
A top official from the Bahamas government apprised the Bahamas shipping registry was likely to show strong growth in future at a pace of 8-10 percent per annum. The Bahamian Minister of Environment E  ...More
Tags: Shipping Registry    Bahamas    Tribune    Panama    Liberia    
Kenya Offers Unique Delight - Engages Tourists in Agro-processes [14 Dec 2010]  
Kenya with a novel approach is providing holidaymakers with an unparalleled experience to be physically involved in tea production processes including plucking the leaves and loading them off to facto  ...More
Tags: Kenya    Tourism    Agro-tourism    UN Tourism    Holiday    
AMED Meet Makes Thailand a Venue for Asian Integration [15 Dec 2010]  
The ongoing 3rd Asia and Middle East Dialogue (AMED III) which is held at Bangkok has catapulted Thailand as a major business hub in the continent. The meeting scheduled between 15 and 16 December att  ...More
Tags: AMED     GCC     Gulf     Trade     Thailand     Middle East    
Rampant Growth of e-Buying plus Undue Taxes Damaging Retailers [21 Dec 2010]  
The rapid change in the dynamics of consumer buying coupled with unfair taxation laws are undermining the traditional brick and mortar retailers across New Zealand and Australia. The Australian Retail  ...More
Tags: Online Shopping     e-commerce     Retail     e-tailing    
Beer has Direct Link between GDP and Consumption per Capita [22 Dec 2010]  
In a recent study on Beeronomics by the UBS, a leading Swiss firm providingfinancial services to private, corporate and institutional clients has found that there was a strong relationship between GDP  ...More
Tags: Beer     Alcohol     Beverages     Beeronomics     Liquor    
Georgian Fir Cone Pickers Get Safe Deal in X-mas Tree Drive [23 Dec 2010]  
The ubiquitous Nordmann fir trees which don most European houses during Christmas are undergoing a major change in their sourcing practice, that risked many fir cone pickers lives for a pittance in th  ...More
Tags: Georgia    X-mas    Christmas tree    Tree Sales    Denmark    
US Rice Farmers Let down by South Korea FTA [23 Dec 2010]  
A senior official from the US Rice Federation informed in an interview that the recent FTA between the US and South Korea had been a disappointment. While speaking to the Farm Press, Bob Cummings, sen  ...More
Tags: Rice     Grain Trade     US Farmers     Agriculture     FTA    
Hawala Scare Grips Malaysia Flight of Capital Hurts Economy [28 Dec 2010]  
A recent surge in illegal money transfers to the tune of several billions of USD each year has become a serious concern of the Malaysian central bank as it is feared that it may negatively impact the  ...More
Tags: Central Bank     Malaysia     Hawala     Money Transfer    
NZ High Mobile Rates Stagnate SME Growth and Overall Trade [28 Dec 2010]  
There is no other technology that has aided SME growth world over as that of mobile telephony did till date. However, in New Zealand, that premise cannot be applied as mobile rates did not periodicall  ...More
Tags: New Zealand     Mobile     Vodafone     Phone Charges    
Iran Attacks US for Colluding with Afghan Narcotic Trade [29 Dec 2010]  
At separate occasions, top Iranian officials lashed out at the US for being part of narcotic trade in Afghanistan in the garb of war on terror. Deputy Head of the Iranian Judiciary Ebrahim Raeesi and  ...More
Tags: UN    US    Iran    Drug Trade     Narcotic     Illegal Trade    
Bison Meat Witnesses Enormous Growth in North America [30 Dec 2010]  
Bison meat seemed to be the first choice of many cattle farmers and consumers alike in North America these days. The farmers find it attractive since rearing bison is of low maintenance as compared to  ...More
Tags: Meat    Beef    Bison    Elk    Moose    Reindeer    US    Canada    
Kuwait Enhances Infra-structure to Match Others in the Region [03 Jan 2011]  
After slow progress in infra-structural development in Kuwait in recent years, the state has planned to expedite all projects including the development of Boubyan seaport, better known as Mubarak Al-K  ...More
Tags: GCC     Kuwait     Airports     Seaports     Shipping     Flights    
Cambodian Tourism to Maintain Growth in the New Year [04 Jan 2011]  
According to the Cambodian tourism ministrys statistics, last years success of the tourism sector is likely to be extended to 2011. The Ministry has forecast 2.73mn visitors would arrive in 2011 as co  ...More
Tags: Tourism     Travel     Cambodia     South-East Asia    Flights    
Joblessness Stirs Saudization sans Reflecting on Root Cause [06 Jan 2011]  
Saudi Arabias high unemployment rate has once again sparked off an outcry for Saudization after the recent data showed about 43 percent of kingdoms citizens aged between 20 and 24 years were unemploye  ...More
Tags: Saudi Arabia    Middle East    GCC    Jobs    Gulf Employment    
Factoring in Khodorkovsky Effect – Making of Idiots out of Citizens [07 Jan 2011]  
Already there are volumes of print, online and audio-visual versions released about the Russian oil baron Mikhail Khodorkovsky’s incarceration and trial - but the fact of the matter is the ‘democratic  ...More
Tags: Khodorkovsky    WTO    US    Russia    China    
German Dioxin-tainted Food Scare Heightens across EU [08 Jan 2011]  
The contaminated eggs with toxic dioxin from Germany are panicking consumers across Europe as they are suspected to have entered the UK food chain. It is understood that 14 tonnes of tainted egg prod  ...More
Tags: Germany    EU    Holland    Britain    Poultry    Processed Food    
Emerging Seven to Usurp G7 in a Decade [12 Jan 2011]  
The latest reports by authoritative sources conclude the E7, lead by China and India will be larger than that of the G-7, the world’s largest industrialized markets in 2020. The reports published by P  ...More
Tags: PwC    HSBC    G7    E7    Italy    Austria    
Sucre Gets Functional with Ecuador-Venezuela Trade [18 Jan 2011]  
The first shipment of crude palm oil from Ecuador to Venezuela has boosted a new trade currency regime in the Latin American region. Ecuador’s state-run National Development Bank (BNF) in its official  ...More
Tags: Ecuador    Venezuela    Cuba    Nicaragua    Sucre    Currency    
Turkey Backs Inclusion of Iraq in Regional Free Trade [18 Jan 2011]  
The Turkish Foreign Minister Ahmet Davutoglu during his recent visit to Iraq stated that his country wanted Iraq to be included in the regional free trade zone. Speaking at a meeting in Baghdad, Davut  ...More
Tags: Iraq    Turkey    Syria    Jordan    Lebanon    FTA    
Malawi Exports to EU Record Growth – Imports from EU Decline [19 Jan 2011]  
According to the Eurostat, the EU’s statistical office, Malawi’s exports to the bloc has increased by 7.4 percent in the first nine months of 2010. On the contrary, the EU’s earnings from trade with M  ...More
Tags: Malawi    EU    Germany    UK    France    Imports    Exports    
CAFTA Helps Costa Rica to enhance Trade with US [21 Jan 2011]  
The Costa Rican Ministry of Foreign Trade (COMEX) stated that the total sales of country’s exports to the US rose 24 percent in 2010. Foreign Trade Minister Anabel González attributed the increase in  ...More
Tags: Costa Rica    The Dominican Republic    El Salvador    Guatemala    Honduras    Nicaragua    
Argentine Farmers Still Unhappy over Hostile Export Policies [25 Jan 2011]  
The farmers’ protest that took place in Argentina last week was called off by the trade unions with a warning of series of strikes in the near future if their demands were not met. The warnings indica  ...More
Tags: Food Prices     Grain Supplies     Argentina     Farmers Strike    
Ripple Effect of Cote D’Ivoire Politics to make Chocolates Dearer [25 Jan 2011]  
The electoral dispute between Alassane Ouattra, the internationally recognised winner of Cote d’Ivoire’s presidential election and Laurent Gbagbo, his election rival who has refused to relinquish the  ...More
Tags: UN     Ivory Coast     Cote d’Ivoire     ECOWAS     Cocoa Exports    
Hong Kong Tops Globalization Index by Toppling Singapore [27 Jan 2011]  
According to a recent report by Ernst & Young in cooperation with the Economist Intelligence Unit (EIU), Hong Kong has topped the 60 largest economies in the world in terms of globalization. Singapore  ...More
Tags: Hong Kong     Ireland     Singapore     Denmark     Globalization    
First Ecotourism Village of Indonesia to have over 400 Homes [27 Jan 2011]  
The first eco-tourism village developed through the joint-venture by Habitat for Humanity Indonesia and Asia Pulp & Paper (APP) will come up near some of Indonesia’s most picturesque ancient temples.  ...More
Tags: Indonesia     Tourism     Travel     Eco-tourism    
IN-TIME to Streamline Travel and Logistics across Europe [31 Jan 2011]  
An EU-funded project, the IN-TIME (Intelligent and efficient travel management for European cities) is expected to primarily reduce delivery and distribution costs to firms, and will allow people to f  ...More
Tags: Czech     Romania     Italy     Germany     Norway     Austria    
SMEs seek GST implementation, uniform VAT rates [07 Feb 2011]  
IIA an apex body of Micro, small and medium enterprises has sought GST implementation and uniform VAT rates across all states.

Here are the key demands:

Government proposes to introdu  ...More
Tags: IIA    Empowered Committee    SAT    Turn over tax    Surcharge    Additional Surcharge    
Govt implements measures to reduce export transaction costs [09 Feb 2011]  
The government has implemented some significant measures to reduce transaction costs for exporters - a move based on the report of a task force formed to look after the issue exclusively.

Union  ...More
Tags: Scindia    Industry Service Tax rate    Foreign Trade    
Empowered Group of Ministers on food open exports of non-Basmati Rice [10 Feb 2011]  
Ending a prolonged ban since 2008 on the export of non- Basmati rice, an empowered group of ministers (EGoM) on food decided on Wednesday to conditionally open exports of premium varieties, including  ...More
Tags: Basmati rice    MEP    albeit mutedly    AIREA    
Dun and Bradstreet launches ‘Millionaire Homes 2011’ [11 Feb 2011]  
Dun and Bradstreet (D&B) India has announced the launch of ‘Millionaire Homes 2011’, after the successful series of Millionaire Homes 2009 and 2010 held in Mumbai, Delhi, Bangalore, Chennai and Hydera  ...More
Tags: Dun and Bradstreet (D&B)    Millionaire Homes 2011    
Fresh 500-cr sops for exporters of struggling sectors [14 Feb 2011]  
The government announced a Rs. 500-crore annual package of incentives for export for products still struggling to make an impact in the global market.

The sops follow a comprehensive review of  ...More
Tags: FIEO    Vishesh Krishi and Gram Udyog Yojana    
China's Jan exports rise 38 percent to $150.73 [15 Feb 2011]  
China's exports rose by 37.7 percent year-on-year to $150.73 billion in January boosted by busy shipments ahead of the nation's traditional Spring Festival, according to the General Administration of  ...More
Tags: GDP    Japanese Cabinet Office    World Bank    
Trade and Monetary Issues Top Agenda at G-20 Meeting [16 Feb 2011]  
Developed economies still recovering from the financial crisis are looking for ways to regain momentum as the global economy shifts in favor of China and other emerging markets.

That task will  ...More
Tags: G-20 Meeting    Dominique Strauss-Kahn    International Monetary Fund    
India, Japan sign FTA for 10 years [16 Feb 2011]  
Japan and India signed Wednesday a bilateral free trade agreement that would abolish duties on more than 90 percent of trade for 10 years.

Japanese Foreign Minister Seiji Maehara and Indian Com  ...More
Tags: economic cooperation    trade and investment    Japanese exports    
EU Commission welcomes European Parliament backing for free trade with South Korea [18 Feb 2011]  
EU Trade Commissioner Karel De Gucht, today welcomed the European Parliament’s support for a Free Trade Agreement (FTA) between the European Union (EU) and South Korea. An overwhelming majority of MEP  ...More
Tags: European Parliament    FTA    EU    Lisbon Treaty    
US trade chamber seeks India's retail opening [21 Feb 2011]  
Seeking opening of India's retail sector, the US India Business Council (USIBC) has set up a sub-committee to focus on leveraging the combined resources of the retail supply chain.

The newly fo  ...More
Tags: USIBC    Compass Marketing    Retail modernisation    
Bangladesh emerges as new hub for apparel exports [22 Feb 2011]  
With 40 percent growth in its apparel exports, Bangladesh has emerged as new destinations for apparel exports, said The Daily Star.<BR><BR>Bangladesh has registered a 40 percent hike in it  ...More
Tags: The Daily Star    Mahin Group    
Japan posts first trade deficit in almost two years [23 Feb 2011]  
Weaker exports to key markets gave Japan its first trade deficit in 22 months, Ministry of Finance data has shown.

The trade deficit was 471.42bn yen ($5.7bn; £3.52bn) in January, with exports  ...More
Tags: Itochu Corporation    inflation    Takahide Kiuchi    Nomura Securities    
Businesses will learn to look beyond the BRICs [28 Feb 2011]  
During the run-up to the Iraq war Donald Rumsfeld, then America’s defence secretary, famously distinguished between “old” Europe and “new” Europe. In 2011 a growing number of businesspeople will disti  ...More
Tags: Goldman Sachs    BRICs    Rio Tinto    GDP    
Farm Boom Is Leading to Growing Concerns [01 Mar 2011]  
The cure for higher commodity prices is usually higher commodity prices.

The global clamor for corn, wheat, soybeans and other crops has been a stroke of good fortune for the agricultural indus  ...More
Tags: corn    wheat    soybeans    nonfarm wages    Kansas City Federal Reserve    
Union Budget 2011: Exporters to do self-assessment of their duty liabilities [02 Mar 2011]  
Exporters will be allowed to do self-assessment of their duty liabilities before the customs authorities, besides getting service tax refunds through a hassle-free mechanism.

"To quicken the c  ...More
Tags: Budget    EDI    FIEO    Mega Cluster Scheme    
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