Trade News

IMF projects Japanese economy to contract slightly in 2011Jun 9, 2011

The International Monetary Fund (IMF) projected on Wednesday that Japanese economy will shrink to negative growth in 2011 mainly due to the impact of the earthquake and tsunami disasters earlier this year. "Japan's huge earthquake and devastating tsunami last March have taken a heavy toll on the country's economy, and even though output will revive in t...

French April trade gap widens by 21% on soaring energy billsJun 9, 2011

French trade deficit widened by 21 percent to 7.14 billion euros (10.44 billion U.S. dollars) in April this year from 5.9 billion euros (8.63 billion dollars) a month earlier due to increasing bills of imported petroleum products, official figures showed Wednesday. For the past 12 months, the cumulate trade deficit already climbed to 61.27 billion euros (...

African Civil Society Organizations want bigger voice in U.S.-Africa t...Jun 9, 2011

Civil Society Organizations in Africa have said that they wanted to have a bigger say in any discussions related to trade relations between the United States and Africa because they represent the voices of the "voiceless". The organizations believe that any trade preferences were meant to benefit the locals but noted that the agreements signed by African ...

China joins US, Russia in opposing European carbon trading schemeJun 9, 2011

CHINA's aviation industry has decided to follow US air industry's doing to take legal action again Europe's introduction to an Emissions Trading Scheme (ETS) next year. Besides the US and China, Russia also said it is concerned about the implementation of ETS that requires all airlines flying over EU airspace to buy permits for the carbon dioxide they ...

Protectionism grips as 30 new export restrictions imposed in a year: I...Jun 9, 2011

AT least 30 new export restrictions from G20 members from October 2010 to April 2011 have been imposed, despite international accords reached at last year's Seoul Summit to resist protectionism until 2014, according to a range of international organisations. "This undermines economic recovery," said Jean-Guy Carrier, secretary general of the Paris-based ...

Jiangsu's textile and garment exports up 38pc in first four monthsJun 9, 2011

NANJING customs' statistics show that east China's Jiangsu province exported US$910 million in textile and garments from January to April, up 38.2 per cent year on year, Xinhua reports. The province's textile and garment exports kept a steady growth since the beginning of this year, except for a slip to US$170 million in February because of the annual ...

Japan's NSK to make biggest overseas investment of 300 mln USD in eas...Jun 8, 2011

Japan's NSK Ltd., a Fortune 500 company, will invest 300 million U.S. dollars to build a plant in the inland province of Anhui in October 2011, the company's biggest investment in an overseas plant so far, said local authorities on Wednesday. NSK Ltd. signed an agreement with the management committee of the Hefei New and High Technology Development Zone...

Vietnam, Italy promote trade, investment co-opJun 8, 2011

A seminar to exchange experience and promote cooperation between Vietnamese and Italian businesses was held here on Wednesday by the Vietnamese Ministry of Planning and Investment (MPI) and Italian embassy in Vietnam. Cooperation between Vietnam and Italy has witnessed new development. The two sides have taken full advantages of each other's potential to...

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