Trade News

Free trade dominates APEC leaders' meeting ahead of summitNov 11, 2010

Asia-Pacific Economic Cooperation (APEC) member economies agreed not to introduce new trade barriers until 2013 on Wednesday, as Japan's foreign minister Seiji Maehara highlighted the region's importance in driving the global economic recovery and reiterated the need to expand free trade. During the first installment of the forum's ministerial two-da...

Import growth outpaces China's exports in October trade Nov 11, 2010

China's exports rose 22.9 percent in October from a year earlier to 135.98 billion U.S. dollars, while imports increased 25.3 percent to 108.83 billion U.S. dollars, the General Administration of Customs (GAC) said Wednesday. Exports and imports in the first 10 months rose 36.3 percent year on year to 2.39 trillion U.S. dollars, exceeding that of the w...

China's October consumer confidence falls due to inflation, rate hike...Nov 10, 2010

Consumer confidence of Chinese bank card holders fell in October amid continuing inflationary pressure and an interest rate hike by China's central bank, according to an index reading released Tuesday. The Bankcard Consumer Confidence Index (BCCI), compiled by Xinhua News Agency and China UnionPay, a Chinese association for banking card industry in Chi...

China, UK seek closer ties as economic dialogue opens in BeijingNov 10, 2010

Chinese and British officials convened the third China-UK Economic and Financial Dialogue in Beijing Tuesday to discuss bilateral cooperation and coordination on issues of common concern. Chinese Vice Premier Wang Qishan and UK Chancellor of the Exchequer George Osborne co-chaired the dialogue. China hoped the two sides could conduct thorough discus...

Malaysia expects total trade to rise 18% in 2010Nov 10, 2010

The Malaysian government expects the country's total trade to register a growth of 18 percent in 2010 after the government's effort to boost trade. Malaysian International Trade and Industry Minister Mustapa Mohamed told reporters here on Tuesday that compared with 2008, the total trade of 2009 had dropped 16.9 percent. However, total trade value ...

EU to force access to foreign public procurement marketsNov 10, 2010

The European Commission said Tuesday it would propose a new instrument to punish those countries which denied equal access to their public procurement markets for European businesses. "In 2011, the commission will make a legislative proposal for an EU instrument to help secure and increase symmetry in access to public procurement markets in developed co...

EU aims to conclude Doha trade talks by 2011 Nov 10, 2010

The European Commission said on Tuesday it aimed to conclude the long-delayed Doha Round of global trade talks by the end of 2011 at the latest. "The commission aims to conclude the Doha Round of global trade talks as a matter of urgency, and at the latest by end 2011," the European Union (EU)'s executive arm said when presenting its new trade strategy...

S Korean FM discusses free trade deal with U.S. senators, congressman Nov 10, 2010

South Korean Foreign Minister Kim Sung-hwan met Tuesday with ranking U.S. senators and a congressman to discuss bilateral alliance free trade deal awaiting legislative approval in both countries, the foreign ministry here said. Kim had a 30-minute meeting with Daniel Inouye, Democratic senator from Hawaii, and Thad Cochran, Republican senator from Missi...

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Qingdao Saint Voyage Log

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