Posts tagged Trade News
India and Nigeria to Streamline Pharma Exports
on August 3, 2009 by admin in Business, Comments Off
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
India Pitted Against with China in Ban Game
on July 29, 2009 by admin in China Business News, World Business, Comments Off
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… Continue reading
Slowdown and Piracy Sink Suez Canal Revenues
on July 27, 2009 by admin in Egypt News, Shipping News, World Business News, Comments Off
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… Continue reading
Venezuela, a One-time Coffee Exporter Turns Importer
on July 25, 2009 by admin in Economy, Export News, News, World Business, World Business News, Comments Off
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… Continue reading
The EU Agency Rejects Hype on Health Claims of Food Products
on July 22, 2009 by admin in Business, Economy, World Business News, Comments Off
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… Continue reading
Latin American Economies Have to Wait Despite Green Shoots
on July 18, 2009 by admin in Business, News, Trade News, World Business News, Comments Off
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… Continue reading
Benin will be a Rice Exporting Nation under the FAO Guidance
on July 17, 2009 by admin in Africa News, Business, World Business, Comments Off
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… Continue reading
Saudi Arabian Citizenship for Long-term Expats
on July 15, 2009 by admin in Business, Economy, News, World Business, World Business News, Comments Off
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… Continue reading
Geithner Trip to Guarantee Investment Safety to the Mid-East
on July 13, 2009 by admin in Economy, GCC News, World Business, Comments Off
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… Continue reading
Fake Items are on the Rise in the EU – Seizures Double
on July 13, 2009 by admin in Business, Trade News, World Business, World Business News, Comments Off
The European Commission in its latest report stated the customs seizures of fake goods have grown by about 125 percent in 2008 from the previous year. It said China maintained its position as the major source of origin by accounting… Continue reading
ISA Virus puts the Chilean Salmon Trade in Dire Straits
on July 9, 2009 by admin in Business, Economy, News, World Business, Comments Off
The spread of infectious salmon anaemia (ISA) among salmonid farming population has pushed the Chilean fishing industry to a full-fledged crisis. The industry is confronted with problems including unemployment, rising debt levels of fishing firms, cancellation of orders from importers,… Continue reading
Korea Plans to Include Overseas Partners in its e-Trade
on July 6, 2009 by admin in Business, E-Commerce, Economy, Comments Off
South Korea is planning to popularize the domestic e-trade initiative called uTradeHub among international traders, and for which the government has already approached Libya, Uzbekistan, Mongolia and Romania. The uTradeHub system is the first operational e-commerce platform in the world… Continue reading
Jordan to prepare Blueprint on Arab Transport Inter-linking
on July 4, 2009 by admin in Business, Trade News, World Business News, Comments Off
At a press meet in Amman, Mohammad Twaijri, assistant secretary general of the Arab League for Economic Affairs stated that Jordan had been chosen to head a technical committee to prepare the road map of integrating inter-Arab trade. He was… Continue reading
India Strikes Hi-Grade Uranium 600km away from Bangalore
on July 3, 2009 by admin in Business, World Business News, Comments Off
The nondescript Gogi village in Gulbarga district about 600km away from Bangalore will soon become the uranium capital of India with its serendipity of superior uranium discovery, the highest value uranium deposit found outside Canada and Australia. This major rare… Continue reading
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 Off
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
Namibian Meet to Check Conflict/Blood Diamond Trade
on June 24, 2009 by admin in Business, Trade News, World Business, World Business News, Comments Off
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
Iran Revives Interest in US Products
on June 22, 2009 by admin in Export News, Global Economy, Iranian News, Trade Deals, Trade News, Comments Off
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
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 Off
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
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 Off
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 Off
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 Off
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 Off
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
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 Off
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
India and ASEAN Iron out Differences – the FTA to be concluded in October
on May 28, 2009 by admin in Bilateral Trade, Business, Economy, Recent Summit, Trade Deals, Trade News, World Business, Comments Off
According to the Indian government sources, the India-ASEAN FTA will be a reality in the forthcoming ASEAN Summit in October as all outstanding issues had been sorted out by both parties. Although India and ASEAN had concluded the talks for… Continue reading
Australia and New Zealand Criticize the US Subsidies to Dairy Exports
on May 25, 2009 by admin in Australian Business, Australian News, Business, Dairy News, Dairy Trade, Economy, Global Economy, New Zealand News, News, Protectionism, World Business, Comments Off
The US move to re-introduce subsidies to 92,000 tons of dairy exports including milk powder, butter and cheese has been decried by both major dairy producing nations New Zealand and Australia. Prime Minister of New Zealand, John Key stated the… Continue reading