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 force from July 1 this year. The first ever FTA… Continue reading
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 there are other key issues to be discussed including the… Continue reading
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, fabric and sugar. This tariff was in addition to 5… Continue reading
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 sent to the plenary session of the parliament that is… Continue reading
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 model contracts are developed to help small businesses especially from… Continue reading
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 with overseas investments. The revival of these economies will attract… Continue reading
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 both countries. The deals include co-operation in the fields of… Continue reading
‘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 carriers to the Granite City, the steel town of Illinois.… Continue reading
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 include Colombia providing electricity from Puerto Iniria to Venezuela’s San… Continue reading
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 bulletin of the Emirates Industrial Bank (EIB). The bulletin has… Continue reading
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 be used as a platform for discussing the North Korean… Continue reading
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. The formation of a new National Broadband Network Corporation with… Continue reading
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 negative or zero growth in 2009-10 fiscal. Among them, only… Continue reading
Venezuela and Iran Urge Countries to Supplant Free Trade with Fair Trade
on April 6, 2009 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 taking into account each country’s market realities. Chávez termed the… Continue reading
Brazil Gov Releases Auction Dates for Electricity and Wind Power
on April 6, 2009 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, the first ever auction is expected to attract major players… Continue reading
Bilateral Trade Will be High on Agenda of Arab-Latin American Summit at Doha
on April 6, 2009 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 region and 22 countries from the Arab world are expected… Continue reading
Universal Reserve Currency is Gaining Momentum – the US Tries to Nip it in the Bud
on April 6, 2009 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 US dollar. Zhou Xiaochuan, the governor of the People’s Bank… Continue reading
World Water Forum Concludes without Committing Water as a Human Right
on April 6, 2009 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 a statement. Nonetheless, around 25,000 participants from 150 countries including… Continue reading
The UAE woos Canada to Boost Trade Ties
on April 6, 2009 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 both countries. They primarily focussed on the need for establishing… Continue reading
El Salvador, Costa Rica to Resume Ties with Cuba, the US Likely to Follow Suit
on April 6, 2009 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 past today and therefore they should be able to accommodate… Continue reading
Africa Clamours for Aid
on April 6, 2009 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 to release the promised aid by the developed countries. The… Continue reading
The US Truck Ban Receives Retribution from Mexico with Higher Tariffs on its Goods
on April 6, 2009 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 in tariffs and the list of goods are likely to… Continue reading
Argentina Joins the Visa-free Regime with Russia
on April 6, 2009 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 the presence of Russia’s Ambassador to Argentina Yuri Korchagin at… Continue reading
Political Uncertainty and Terrorism Damage Pakistan’s Tourism Sector
on April 6, 2009 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 60 people dead in last September. The Swat valley, once… Continue reading
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 largest economy and manufacturing hub of the world has continued… Continue reading