Archive for June 2009

Indo-US FTA will be a Reality if Agriculture is excluded

on June 30, 2009 by admin in Global Economy, Trade Deals, Trade News, US Business News, World Business, Comments (0)

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 FTA excluding agriculture. FICCI, the… Continue reading

B2Bs Permeate Through Powerhouses of International Trade

on June 27, 2009 by admin in B2B Business, B2B Portal, Global B2B, World B2B, Comments (0)

Until Business to Business (B2B) portals came into existence there was not any viable tool to connect the internet and international trade. That was a time when internet penetrated into all the areas except international trade. During that time, in… Continue reading

World’s Largest Solar Project to Transform Energy Domain

on June 26, 2009 by admin in Business, Economy, News, World Business, Comments (0)

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 Africa and Europe particularly to the Mediterranean Union states. The $554bn project… Continue reading

Namibian Meet to Check Conflict/Blood Diamond Trade

on June 24, 2009 by admin in Business, Trade News, World Business, World Business News, Comments (0)

A three-day meet by the Kimberley Process member states is in progress since Tuesday to review and fix illegal trade practices involved in the diamond mining and trade globally. The Kimberley Process Certification Scheme (KPCS) is a rough diamond certification… Continue reading

Up to $1.5 trillion to be siphoned from Global Stimulus

on June 23, 2009 by admin in Business, Economy, Global Economy, World Business, Comments (0)

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 come out with a four-pronged formula… Continue reading

Iran Revives Interest in US Products

on June 22, 2009 by admin in Export News, Global Economy, Iranian News, Trade Deals, Trade News, Comments (0)

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 year. The analysis of US government trade data… Continue reading

IPTIC Moves its Global Headquarters to Dubai from Europe

on June 19, 2009 by admin in Australian News, Business, Export News, World Business News, Comments (0)

The latest release of Dubai Multi Commodities Centre (DMCC) stated that the International Pulses Trade and Industry Confederation (IPTIC) had decided to relocate its headquarters from Europe to Dubai. President of the IPTIC, Dr. Jose Maria Lazara is learned to… Continue reading

BRIC Plans to Fix Monetary System by altering USD Role

on June 16, 2009 by admin in Business, China Business News, Global Economy, Russia News, Trade News, Comments (0)

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 system. The coincidence of the summits reasserts the fact… Continue reading

Pakistani Exporters to be Further Choked with the New Tax Regime

on June 15, 2009 by admin in Export News, Pakistan News, Trade News, Comments (0)

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 presumptive tax structure on its exports. Currently, under… Continue reading

Recession Impacted the UK Defence Exports despite Claims of No. 2 in 2008

on June 15, 2009 by admin in Defence Supplies, Defense Supplies, News, UK News, Comments (0)

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’ average of 21 percent. According… Continue reading

WIMAX and HSPA Battle It Out To Usher In Next Wave of E-Commerce

on June 11, 2009 by admin in Australian Business, Australian News, E-Commerce, World B2B, World Business, Comments (0)

Internet has permeated through all walks of lives, and this has tremendously increased the need for better connectivity. Lately, businesses regardless of being offline or online, view internet and its connectivity as an indispensable part of their business process. However,… Continue reading

Kenyan Women Farmers Find Solace in the Burgeoning UK Organic Market

on June 10, 2009 by admin in Cameroon News, Egypt News, Gambia News, Ghana News, Kenya News, Morocco News, UK News, Zambia News, Comments (0)

According to a recent report by the International Trade Centre (ITC), the export development agency of the WTO and the UN has stated the organic trade to the UK is helping a number of Kenyan farmers and workers, largely women… Continue reading

Russia Proposes Grain Triangular Union with Ukraine and Kazakhstan

on June 8, 2009 by admin in Business, Kazakhstan News, Largest Wheat Exporter, Russia News, Trade Deals, Trade News, Ukraine News, World Grain Forum, Comments (0)

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 market. The Russian Agriculture Minister Yelena Skrynnik presented… Continue reading

Ethiopian Airlines Expanding its Fleet with Record Profits

on June 5, 2009 by admin in Africa News, Aviation News, Ethiopia Airlines, Ethiopia News, Tourism News, Travel News, US Business News, Comments (0)

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. Girma Wake, CEO of EA averred that four additional… Continue reading

Thailand Ropes in the UAE to Develop Mega Livestock Farms

on June 5, 2009 by admin in ASEAN News, Bilateral Trade, Business, Dairy News, Dubai News, GCC News, Trade Deals, Trade News, World Business, Comments (0)

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 have working for some time from now… Continue reading

Iran Offers Solution for Japan to Overcome Economic Turbulence

on June 5, 2009 by admin in Economy, Iranian Business, Iranian News, News, Trade Deals, Trade News, World Business, World Business News, Comments (0)

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 country had presented immense trade opportunities for Japan to… Continue reading

B2B Portal- A Partnership, the Trader Can Only Win

on June 4, 2009 by admin in B2B Business, B2B Portal, Business, E-Commerce, Global B2B, World B2B, World Business, Comments (0)

B2Bs are fast becoming house hold names among international traders. The free memberships of these portals are used by most of the traders to learn about the functions as well as to initiate business. But choosing the right portal for… Continue reading

An International Trader Cannot Dismiss B2Bs

on June 3, 2009 by admin in B2B Portal, Business, E-Commerce, Global B2B, World B2B, World Business, Comments (0)

Business to Business (B2B) portals have emerged as comprehensive business solution for international trade. It is high time for a trader to check, if one witnesses tremendous progress in one’s competitor’s business and one does not use e-commerce space for… Continue reading

India to Become Cocoa Production Hub of the Region

on June 1, 2009 by admin in Economy, India News, Trade News, World Business News, Comments (0)

Rising demand from the recession proof India for chocolates is forcing leading manufacturers to look within the country for cocoa sourcing to avoid 30 percent import duty and rising transportation cost. Cadbury, the leading UK-based chocolate producers claimed that India… Continue reading