Tradenews

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    
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    
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    
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    
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    
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    
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    
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    
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    
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    
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    
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    
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    
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    
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    
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    
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    
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    
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    
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    
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    
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    
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    
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    
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    
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    
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    
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    
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    
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    
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    
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    
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    
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    
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    
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    
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    
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    
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    
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    
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    
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    
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    
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    
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    
Government encouraging exports to contain rising CAD [02 Mar 2011]  
Worried over the rising current account deficit, the government today said that it is providing incentives to exporters to encourage overseas shipment to bridge the rising gap.

"We are concern  ...More
Tags: GDP    CAD    Reserve Bank    fiscal deficit    
China Reports Unexpected Trade Deficit as Export Growth Cools [10 Mar 2011]  
China reported an unexpected $7.3 billion trade deficit; the nation’s biggest in seven years, in February after a Lunar New Year holiday disrupted exports.

Outbound shipments rose an annual 2.  ...More
Tags: Commerce Minister    David Cohen    Bloomberg    Seasonal Distortion    
Over 40% of SMEs with websites use the Internet for advertising [16 Mar 2011]  
Indian SMEs are reaping the benefits of using the Internet medium to grow their businesses. This was revealed by a study conducted by Google India to understand usage patterns and importance of online  ...More
Tags: Indian SMEs    vendors    suppliers    Google India    Insurance    Technology B2B    IT Hardware    Travel & Tourism    
Why MSMEs should not avoid online advertising [12 Dec 2011]  
A recent study reveals that less than 6 percent of Indian MSMEs with access to personal computers advertise online. It is shocking why the sector is so much unaware of the benefits of using online adv  ...More
Tags: MSMEs online advertising    
Cheaper Swiss loans a big draw for Indian firms- Union Bank, SBI already tapped Swiss institutions [11 Apr 2012]  
MUMBAI: Switzerland is fast emerging as the fund-raising hub for Indian companies, which are looking to borrow from Europe's new pool of money. Cheap interest rates and lower currency hedging costs ar  ...More
Tags: Cheaper Swiss loans    
Eurozone crisis: All eyes on European Central Bank president Mario Draghi to fight crisis [05 Aug 2012]  
FRANKFURT: European Central Bank president Mario Draghi has already taken Europe's monetary authority into uncharted territory. Now, with the debt crisis in Europe threatening further disaster, he  ...More
Tags: Eurozone crisis    
Eurozone crisis: Spain has no immediate need for help, says ECB's Ewald Nowotny [29 Oct 2012]  
VIENNA: Spain has no immediate need of help from the European Central Bank's new bond-buying programme and should try to refinance itself before requesting aid, ECB policymaker Ewald Nowotny said. Spa  ...More
Tags: Eurozone crisis    
Sweet Revenge- China Raises Price of European Wines to counteract the Solar Panel Incident [10 Jun 2013]  
Whoever said that revenge is best served cold wasn’t obviously referring to the European made Champagnes, Burgundies and other fine wines that will soon be pricier for connoisseurs across China. This  ...More
Tags: China Raises Price of European Wines    
USA finds favour with Chinese Tourists- Europeans prefer home! [25 Jun 2013]  
The United States of America (USA) has gained massively from the globally connected Chinese tourist. This marks a record 35.3% improvement as compared to previous years when Chinese visitors flocked t  ...More
Tags: USA finds favour with Chinese Tourists    
The Containment Act- Indian Government trying to hit fiscal deficit target, as tax revenues crash. [18 Nov 2013]  
The Indian government is in a minor state of bother, tax revenues aren’t hitting the expected numbers and other income sources that add to the government’s coffers aren’t signalling great returns as w  ...More
Tags: India fiscal deficit target    
Snippets from the Odisha MSME International Trade Fair [13 Jan 2014]  
Are tradeshows good for your business? Apparently so, if the stupendous success of the Odisha MSME International trade fair is any indication. This trade fair was jointly organised by the Micro, Small  ...More
Tags: Snippets Odisha MSME International    
Grassroots Trouble- Pakistani Farmers resist Free Trade with India [24 Feb 2014]  
Looks like a normal trade relationship between India and Pakistan will remain a distant pipe-dream for now. An alliance of farmers was forged in the Punjab province of Pakistan recently, to oppose any  ...More
Tags: Grassroots Trouble Pakistani Farmers Free Trade    
China is India’s Best Trade Partner. [04 Mar 2014]  
India’s Asian neighbour, China has emerged as its biggest trading ally. According to an influential report compiled by PHD Chamber of Commerce, China has surpassed the United Arab Emirates (UAE) that  ...More
Tags: China is India’s Best Trade Partner