Archive for September 2009

Negotiations on Indo–Australian FTA Soon

on September 29, 2009 by admin in Business, Economy, India News, World Business, Comments (0)

The Indian origin Australian high commissioner during his recent visit to India said the negotiations on the proposed FTA would begin after governments of both the countries examine the feasibility study report on the pact. Peter Varghese, the newly-appointed high… Continue reading

Arab Banking Conference to Focus on Reforms and Investments

on September 24, 2009 by admin in Business, Economy, Trade Deals, World Business, Comments (0)

The two-day Annual Arab Banking Conference to be held in Beirut, Lebanon between November 19 and 20 would lay emphasis on pan-Arab investments in the new global economic order post-meltdown, the Union of Arab Banks (UAB) stated. The UAB which… Continue reading

EU Allays Fears of Italian Auto Industry over S-Korean FTA

on September 22, 2009 by admin in Business, Trade Deals, Comments (0)

The EU trade commissioner informed Italian industry representatives that the Italian economy would stand to gain from the FTA with South Korea – which is expected to come into effect from July 2010. The EU Commissioner Catherine Ashton said it… Continue reading

Ethiopia to be the Cynosure of African Trade

on September 19, 2009 by admin in Business, Economy, World Business, Comments (0)

The multi-million dollar Africa International Trade Centre which is coming up at Ethiopia’s capital, Addis Ababa is expected to transform the country to be the trade hub of the African continent. The centre owned by the Addis Ababa Chamber of… Continue reading

Australian SMEs Optimistic – Jobs by Next Quarter

on September 17, 2009 by admin in Business, News, Trade News, World Business, Comments (0)

A survey indicated Australian small businesses are confident after two strong quarters of business to reach a record high above the peak confidence level of August 2007. The recent survey by Sensis Business Index, showed confidence of the SMEs had… Continue reading

Poor Agri-Infrastructure Fail Nigerian Fruit Exports

on September 17, 2009 by admin in Business, Economy, World Business News, Comments (0)

Lack of sustainable infrastructure to support farm products in Nigeria has caused inadequate supply of fruits in the market during the month of Ramadan despite having large farmlands. Nigerian fruit traders consider the month of Ramadan as the most favourable… Continue reading

Bangladeshi SMEs Want Regulatory Barriers Disposed

on September 15, 2009 by admin in Business, World Business, Comments (0)

In a recent conference organized by the SME Foundation of Bangladesh has inferred that the country needed an SME-friendly environment without regulatory barriers to take the sector to the next level of global recognition. The meet to address Regulatory Barriers… Continue reading

Japan to Open Doors for Food Products from Ukraine

on September 11, 2009 by admin in Bilateral Trade, Business, Export News, World Business, World Business News, Comments (0)

The representatives of the Ukrainian Ministry of Agriculture have claimed that the recent meeting with a delegation from Japan had almost struck a deal to engage more through agricultural trade between both countries. The Ukrainian team said that the country… Continue reading

New Zealand Redundancy Protection Bill to Worry Businesses

on September 9, 2009 by admin in Business, World Business, Comments (0)

The Redundancy Protection Bill (RPB), the brainchild of the Labour MP Darien Fenton is likely to cause severe damage to several businesses, particularly SMEs while protecting the hapless workers who are losing jobs due to ongoing slowdown. Max Whitehead, the… Continue reading

Japanese Morning Banana Diet Lifts Filipino Exports

on September 8, 2009 by admin in Trade News, World Business, Comments (0)

A sudden rise in banana consumption in Japan owing to the Morning Banana Diet (MBD) designed by Hitoshi Watanabe and wife Sumiko to lose weight in last September has significantly helped the Philippine banana exports to register record growth this… Continue reading

China’s Surge in Green Energy to Fuel Trade with the US

on September 7, 2009 by admin in Economy, World Business, Comments (0)

China’s growing interest in transforming its economy to a less carbon-emitting one has helped it to grow at a faster pace in extracting energy through renewable sources. Along with its green energy achievements, it has also generated interest among major… Continue reading

Jordan Completes Formalities on FTA with Iraq

on September 4, 2009 by admin in Economy, Trade News, World Business News, Comments (0)

Jordanian Prime Minister Nader al-Dahabi’s sudden visit to Iraq has culminated in the signing of the much awaited Free Trade Agreement (FTA) with Iraq. He was received at the Baghdad Airport by Iraqi Prime Minister Nuri al-Maliki. In the presence… Continue reading

New Banking Software to Make Life Easy for SMEs Worldwide

on September 3, 2009 by admin in Business, Economy, World Business News, Comments (0)

In a recent press release by the International Trade Centre (ITC), the export development agency of the WTO and the UN, has informed that it had launched a software to assess the credit worthiness of loan applicants from exporting SMEs without relying solely on their financial collaterals. The software named as LoanCom or “Loan for Competence” has been jointly developed by Export Import Bank of India and the United Nations Office in Geneva (UNOG). Continue reading

Pakistan Cashes in on Libyan Anniversary to Promote Trade

on September 2, 2009 by admin in Business, World Business, World Business News, Comments (0)

The Pakistani delegation headed by Prime Minister Yousuf Raza Gilani has fully utilized the opportunity provided by the 40th anniversary of the Libyan Revolution (Al-Fateh) to facilitate bilateral ties with the host and other participating nations. During the three-day visit… Continue reading

Free Fall in Shipping Rates to Devastate Industry

on September 1, 2009 by admin in Business, Shipping News, World Business, Comments (0)

A Bloomberg survey by six analysts and fund managers predicts that the rate for leasing capesize vessels will reach as low as $18,000 from its current price of $37,865 per day. It should be recalled the rates for capsize ships… Continue reading