China has warned India that it would also clamp restrictions on Indian food products including seafood and sesame oil if India did not remove ban on its dairy products. China reacted following India banned imports of chocolates and chocolate products from China besides its restrictions on Chinese milk and milk products since last September charging [...]
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 domestic manufacturers would compel government to impose a number of tariff and non-tariff barriers including Indonesian National Standards (SNI), anti-dumping measures, or any other [...]
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 and piracy scare re-routing. The 191km long man-made waterway allows vessels to bypass without travelling around Africa to reach destinations across the continent.
The Suez Canal [...]
The WTO chief economist Patrick Low stated the European economy’s poor performance would make Germany lose its largest exporter tag to China soon. He made such a remark while he was speaking at a two-day gathering of trade ministers from APEC economies in Singapore.
According to the global trade organization’s figures, German merchandise exports stood at [...]
Venezuela’s dismal harvest in 2008-09 has placed one of the coffee-dependent nations in terms of production and consumption to look out for supplies from outside for the first time after independence. In fact, the forecast for the likely imports was by next year but the current coffee inventories indicate stocks including reserves would be entirely [...]
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) findings will have grave implications on the sales of the these products not only in Europe but across the world as products involved in the [...]
The UN Economic Commission on Latin America and the Caribbean (ECLAC) in its latest economic forecast stated that though the economies were showing signs of recovery but the desirable growth of above 3 percent would be possible only by next year. The various factors expected to play a significant role in the recovery are growing [...]
According to the United Nations Food and Agriculture Organization’s (FAO) press release, Benin has the potential to become self-sufficient rice exporting nation in the coming years owing to its productive land banks and rice production assistance from the organization. Benin is expecting to produce 300,000 tons of rice by 2011, more than double of the [...]
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 naturalization program. Abdullah Sadiq Dalhan, the Saudi representative to ILO stated the long-term expats above 25 years of residency in the GCC would be allowed to [...]
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 volatility and depreciation. Geithner is expected to reassure its investor allies that the burgeoning budget deficit will not spark off inflation which would [...]
