The recent emergency meeting summoned by the UK Health Minister Mike O’Brien with the trade bodies to condemn and act against the parallel drug trade may become a lip service if the government fails to implement its action plan. Though government has enunciated stern action against the perpetrators who were selling the allotted medicines for [...]
According to the recent National People’s Congress and the Chinese People’s Political Consultative Conference (CPPCC) sessions, China is expected to consider serious changes in its exim policy while re-balancing its economy. Though exports will continue to remain the focal point of economic growth yet it is understood to remove some import restrictions aimed at increasing [...]
At the behest of Google, the Obama administration is reviewing the options of complaining to the World Trade Organization (WTO) over the Chinese censorship of Google Inc., the search engine powerhouse and other affected companies. The alleged Chinese action is believed to have infringed upon the WTO laws which provided a level playing field for [...]
A delegation led by Thai Trade Commissioner Kiat Sittheeamom which comprised representatives from a cross-section of business firms from Thailand presented its interest in exploring varied sectors of Bahrain economy to Prince Salman bin Hamad Al Khalifa during its visit to Bahrain recently. The Crown Prince and Deputy Supreme Commander, Salman welcomed Thailand’s decision to [...]
Protectionism versus safety took the centre stage of debate between the Rudd administration and the domestic beef industry along with the main opposition while the Australian government declared the removal of ban on beef importation on Monday. Prior to the announcement, the Coalition senators and about 1000 beef producers gathered in Armidale to protest against [...]
Greece, the EU member state, which is experiencing a severe economic crisis, has literally become a thorn in the flesh to the Union. Initial analysis on the ongoing crisis indicates a likely domino effect on the Eurozone, and the resuscitation of Greece economy now hinges on the rescue mission planned by the EU commission.
Germany’s non-committal [...]
In the latest data provided by the Tea Board of Kenya indicate that the country has usurped the throne of Sri Lanka for the first time as the biggest tea exporter in the world. While Kenya exported 342mn kg last year Sri Lanka could only supply 280mn kg to the world tea market during the [...]
The current mobile phone finance players and aspiring entrants are vying among one another to extract a higher share of the future market of mobile payments, the latest mode of payment among migrant workers, by joining forces with current mobile telephony providers of the Asian and African region. Several mobile payment firms are reported to [...]
A versatile bio-degradable plastic being developed by a group of scientists at the Imperial College London is all set to transform the packaging industry as well as the healthcare. According to the research team, the economically and commercially viable plastic would be available in the markets within two to five years.
Dr Charlotte Williams, head of [...]
According to the World Trade Organisation (WTO), the GCC is the biggest importer of food in the world by buying more than 90 percent of its total needs. The GCC’s very high reliance on external food sources virtually pushes 36mn people of the region at the mercy of global price fluctuations.
The food imports have considerably [...]
