Trade News

S Korean president, U.S. governor discuss Seoul-Washington free trade ...Jun 8, 2011

South Korean President Lee Myung-bak met with a visiting U.S. governor Wednesday to discuss economic cooperation, the Seoul-Washington alliance and a bilateral trade accord between the two countries. Maryland Governor Martin O'Malley, in Seoul as part of his 10- day Asian trade mission, signed Tuesday a memorandum of understanding with the economy minist...

S.Korea's revised GDP posts 4.2 pct growth in Q1Jun 8, 2011

South Korea's economy grew 4.2 percent in the first quarter from a year earlier in line with initial estimates, the central bank said Wednesday. Real gross domestic product (GDP), the broadest measure of economic performance, expanded 4.2 percent on-year for the first three months of this year, unchanged from the earlier estimate, the Bank of Korea (BOK)...

Japan's corporate bankruptcies rise 4.89% in AprilJun 8, 2011

The number of Japanese corporate bankruptcies rose 4.89 percent in May from the same time a year earlier, marking the first increase since July 2009, due to the fallout of the March 11 twin disasters, data from Tokyo Shoko Research showed Wednesday. The credit research agency said that in the recording period there were 1,071 corporate failures, of which ...

Australia's cattle exporters disappointed with cattle exports to Indo...Jun 8, 2011

Live cattle export bodies on Wednesday said it is disappointed with Australian federal government's decision to temporarily suspend all live cattle exports to Indonesia. The federal Agriculture Minister Joe Ludwig on Wednesday announced to suspend all live exports to Indonesia until the welfare of cattle can be guaranteed. The suspension came following...

S. Korean steel maker announces expansion in MexicoJun 8, 2011

The South Korean steel maker Pohang Iron and Steel Company (POSCO) Tuesday announced an expansion of its Mexican operations. POSCO Mexico President Min Dong Kim said 300 million U.S. dollars would be invested to begin a second phase at its galvanized steel plant in Altamira, located in Mexico's northern state of Tamaulipas bordering the United States. ...

Australia suspends all live cattle exports to IndonesiaJun 8, 2011

The Australian government on Tuesday night suspended all live cattle exports to Indonesia, in a move that could cost the industry hundreds of millions of dollars. The suspension came following ABC1's Four Corners last Monday released footage, which showed Australian cattle being tortured in Indonesian slaughterhouses. The video has earlier led to a fed...

China's Shenzhen city seeks Danish investment in hi-tech, emerging in...Jun 7, 2011

Officials and experts from Shenzhen, China, were in Denmark to boost trade and attract investment in high-technology, new energy and other emerging industries, on Monday. "We expect to experience much faster development in terms of the new energy, internet and biology sectors," said Gao Guohui, deputy secretary-general of the Shenzhen municipal government...

Cambodia, China trade leaps to 498 mln USD in Q1: dataJun 7, 2011

 The bilateral trade between Cambodia and China reached 498 million U.S. dollars in the first quarter of this year, 216 percent rise from 157.5 million U.S. dollars in the same period last year, according to statistics from the ministry of commerce on Tuesday. In the first quarter, Cambodia's exports to China worth 42 million U.S. dollars, up 342 pe...

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Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi

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