Archive for August 2009
Indian Commerce Ministry Releases New Foreign Trade Policy
on August 30, 2009 by admin in Business, Economy, India, World Business News, Comments (0)
India’s new Foreign Trade Policy (FTP) which released today has provided incentives to labour-intensive sectors such as textiles, handicrafts, leather and gems and jewellery. The policymakers had to shift their focus on these sectors particularly due to lower demand, the… Continue reading
New Mexico Gov Calls the Trade Mission to Cuba Productive
on August 30, 2009 by admin in Business, Comments (0)
New Mexico Governor Bill Richardson after meeting up with the top political and trade representatives of Cuba to promote agri-business has stated the exchanges among them were ‘very positive’. Richardson in an interview told that he had discussions with Ricardo… Continue reading
Serbia Cements Ties with China – Tadic Concludes Tour
on August 30, 2009 by admin in Business, Comments (0)
Serbian President Boris Tadic’s trip to China which began on last Wednesday has culminated in the signing of a strategic partnership deal between both countries. During his visit he discussed political and bilateral trade interest with the Chinese President Hu… Continue reading
UN Program Helps Haiti to Combat Food Shortage
on August 23, 2009 by admin in Business, News, World Business, Comments (0)
According to the UN press release, a scheme intended to improve food security of Haiti and thereby lower food prices has come to fruition with considerable increase in the income of the country’s farmers. At the Haitian government’s request, the… Continue reading
Malaysia-EU Timber Trade Deal by Year End
on August 20, 2009 by admin in Business, Economy, News, World Business, Comments (0)
The European Union (EU) and Malaysia are planning to conclude the bilateral Voluntary Partnership Agreement (VPA) to promote trade of the legitimately produced and harvested Malaysian timber by end of this year after four years of protracted negotiations. The pact… Continue reading
Jamaican Businesses Pulled Up by Rising Bad Debts
on August 17, 2009 by admin in Business, Economy, News, World Business News, Comments (0)
Jamaica’s poor payment culture is causing severe problems to all businesses, reported Jamaica Observer newspaper. The daily itself has fallen to the crisis with about 40 percent of its revenues overdue, and the majority of the Observer’s revenues come from… Continue reading
Trinidad and Tobago Hopeful of Trade Deal with Canada
on August 14, 2009 by admin in Business, News, World Business, Comments (0)
During a seminar held at St Augustine, Trinidad and Tobago (T&T), Carl Francis, permanent secretary in the Ministry of Trade and Industry of T&T said the trade partnership with Canada would make the country better off. The seminar was organized… Continue reading
Iranian Exports to Ecuador Soar
on August 13, 2009 by admin in Business, News, World Business, Comments (0)
According to the Trade Promotion Organization (TPO) of Iran, the country’s non-oil exports to Ecuador have witnessed remarkable growth during the past four years; from less than $1mn in 2005 they have surged to $223mn during last year. The Deputy… Continue reading
e-Modernization of Palestinian Customs to Boost Trade
on August 11, 2009 by admin in E-Commerce, News, Trade News, Comments (0)
Palestinian Customs in partnership with the United Nations Conference on Trade and Development (UNCTAD) had fully adopted the latest version of ASYCUDA’s web-based application to expedite the international trade processes of its country, said the UNCTAD press release. ASYCUDA, the… Continue reading
Sandstorms Shrink UAE’s Solar Power Generation
on August 10, 2009 by admin in Business, Economy, World Business, Comments (0)
The solar power production at the first and largest solar power plant of the UAE and the Middle East and North Africa (MENA) region has been hit badly due to last week’s extreme sandstorm conditions. The week-long dust clouds around… Continue reading
Spain Continues to Be Haunted by Bankruptcy Bogey
on August 8, 2009 by admin in Business, Economy, News, Comments (0)
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 Spanish National Institute of Statistics. A total of 3,285… Continue reading
Bolivia Begins Estimation on Its Lithium Reserves
on August 6, 2009 by admin in Business, Economy, Comments (0)
According to sources, the State-owned Corporacion Minera de Bolivia has begun work on determining the amount of lithium that lies beneath Salar de Uyuni – the largest salt flat in the world, and one that perhaps redefine Bolivia’s future economic… Continue reading
Cambodia Aims to Cut Lobster Imports Within Five Years
on August 4, 2009 by admin in Business, Trade News, World Business, Comments (0)
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 be able to hatch 1mn baby freshwater lobsters by late October. Haing… Continue reading
India and Nigeria to Streamline Pharma Exports
on August 3, 2009 by admin in Business, Comments (0)
India is expected to sign pharma deals with Nigeria, the country’s largest trading partner from Africa to reclaim and boost the pharmaceutical exports after fake ‘Made in India’ drugs originating from China were seized by Nigerian authorities last June. The… Continue reading