Archive For April 2009

Canada FTA with Iceland, Liechtenstein, Norway and Switzerland in Force as Planned

on April 30, 2009 by admin in Bilateral Trade, Canada News, EU News, Iceland News, Liechtenstein News, Norway News, Switzerland News, Trade Deals, Trade News, World Business News, Comments (0)

The Canadian Minister of International Trade, Stockwell Day has declared the FTA with the members of the European Free Trade Association (EFTA) Iceland, Liechtenstein, Norway and Switzerland would come into […]

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The EU Foreign Ministers Meet Will Decide the Extension of Myanmar Sanctions

on April 27, 2009 by admin in EU News, Myanmar Sanctions, Comments (0)

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 […]

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Egypt Removes Additional Tariff – India Expects the Same from Turkey

on April 25, 2009 by admin in Bilateral Trade, Egypt News, India News, Trade News, Turkey News, Comments (0)

Mounting pressure from the Indian government has forced Egypt to call off the ‘precautionary fee’ of 25 percent of CIF value imposed in January this year on Indian cotton yarn, […]

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S. Korean Parliamentary Committee Approves the US-Korea FTA amid Opposition

on April 24, 2009 by admin in Bilateral Trade, Trade Deals, Trade News, US-South Korea FTA, World Business News, Comments (0)

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 […]

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SMEs to Get a Fillip through New Model Contracts for Trade Deals

on April 22, 2009 by admin in Business, SME News, Trade News, World Business, World Business News, Comments (0)

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 […]

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Early Economic Revival of Asian Economies will Delay the Rest out of Crisis

on April 21, 2009 by admin in Business, Global Economy, Trade News, US Business News, World Business, World Business News, Comments (0)

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 […]

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Kazakhstan Strengthens Ties with China – 10 New Deals Ratified

on April 17, 2009 by admin in Asia Pacific Trade, China Business News, Kazakh Business, Kazakhstan Business News, Trade Deals, Trade News, Comments (0)

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 […]

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‘Made in India’ Steel Pipes Give Steam to ‘Buy American’ Slogan

on April 16, 2009 by admin in Bilateral Trade, Business, Indian Exports, Protectionism, Trade News, US Business News, World Business, World Business News, Comments (0)

The home state of the US President Barack Obama became a stage for angry protests after a retired steel worker discovered ‘Made in India’ etched on stacked pipes in train […]

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Venezuela and Columbia Shrug off Their Differences to Renew Bilateral Ties

on April 15, 2009 by admin in Bilateral Trade, Latin American Business, Trade Deals, Trade News, World Business, Comments (0)

The President of Venezuela, Hugo Chávez and his Columbian peer, Alvaro Uribe have signed five agreements during a brief one day visit by the latter to Caracas. The signed deals […]

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GCC to Ward off the Fears of Fiscal Deficit, if Current Oil Prices Stay Afloat

on April 13, 2009 by admin in Bahrain News, Dubai News, GCC News, Kuwait News, Marine business, Oman News, Qatar News, Saudi Arabia News, Trade News, UAE News, World Business, Comments (0)

According to the Middle East oil experts, the current crude prices in the realm of $50/barrel will help GCC to avoid a potential budget deficit as announced by the latest […]

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N. Korean Satellite Launch May Deflect ASEAN Summit’s Real Purpose

on April 9, 2009 by admin in ASEAN News, Asia Pacific Trade, Australian News, Business, Global Economy, North Korea News, Protectionism, Recent Summit, Trade News, Comments (0)

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 […]

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Rudd Roles Out State-owned Mega Plan to Tweak Broadband Speed

on April 7, 2009 by admin in Australian Business, Australian News, Business, Global Economy, Trade News, World Business, World Business News, Comments (0)

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 hold majority stake. […]

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While Majority Sectors Flatten Out, Indian Pharma Exports to Maintain Growth

on April 6, 2009 by admin in Business, Global Economy, Indian Exports, Indian Pharma Industry, Trade News, World Business, World Business News, Comments (0)

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 […]

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Venezuela and Iran Urge Countries to Supplant Free Trade with Fair Trade

on by admin in Trade News, Comments (0)

Venezuelan President Hugo Chávez and his Iranian counterpart, Mahmoud Ahmadinejad have urged countries to replace free trade agreements (FTA) with a ‘fair trade’ model which focused on country-specific needs by […]

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Brazil Gov Releases Auction Dates for Electricity and Wind Power

on by admin in Uncategorized, Comments (0)

As part of the strategy to move away from the conventional energy dependence, Brazil will hold its first auction for wind-power projects on November 25 this year. According to sources, […]

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Bilateral Trade Will be High on Agenda of Arab-Latin American Summit at Doha

on by admin in Uncategorized, Comments (0)

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 […]

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Universal Reserve Currency is Gaining Momentum – the US Tries to Nip it in the Bud

on by admin in Uncategorized, Comments (0)

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 […]

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World Water Forum Concludes without Committing Water as a Human Right

on by admin in Uncategorized, Comments (0)

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 […]

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The UAE woos Canada to Boost Trade Ties

on by admin in Uncategorized, Comments (0)

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 […]

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El Salvador, Costa Rica to Resume Ties with Cuba, the US Likely to Follow Suit

on by admin in Uncategorized, Comments (0)

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 […]

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Africa Clamours for Aid

on by admin in Uncategorized, Comments (0)

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 […]

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The US Truck Ban Receives Retribution from Mexico with Higher Tariffs on its Goods

on by admin in Business, Global Economy, Mexico and the US, Protectionism, Trade News, Tradeoff, Uncategorized, World Business, World Business News, Comments (1)

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 […]

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Argentina Joins the Visa-free Regime with Russia

on by admin in Uncategorized, Comments (0)

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 […]

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Political Uncertainty and Terrorism Damage Pakistan’s Tourism Sector

on by admin in Uncategorized, Comments (0)

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 left […]

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China Records Worst Export Slump– Recovery Bleak till Fourth Quarter

on April 5, 2009 by admin in Uncategorized, Comments (0)

Despite initiating various measures to boost exports, China has been pushed to the wall on the export front with no signs of recovery in the short term. China, the third […]

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