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China's foreign direct investment (FDI) in the "11th Five-Year Plan" period (2006-2010) is projected to top 420 billion U.S. dollars, the Ministry of Commerce (MOC) said Monday. The figure is 1.5 times that found in the previous five years, making China the world's second largest destination for FDI, the MOC said in a statement posted on its website. ...
The European Commission on Tuesday unveiled an assertive trade strategy for the next five years in a bid to open foreign markets for European Union (EU) businesses. EU Trade Commissioner Karel De Gucht said trade was working for Europe's economic recovery by ensuring growth and jobs. "A renewed trade strategy will open markets and connect Europe to...
Growth in imports and exports of China's electronic products slowed in September from the same period last year, the Ministry of Industry and Information Technology (MIIT) said Thursday. The country's exports and imports of electronic products increased by 23.1 percent and 20.2 percent, respectively, year on year in September, according to a statement...
Saudi Arabia's national carriers said Sunday that it had ordered 12 Boeing 777-300ER and eight Boeing 787 Dreamliners to boost its fleet. According to a statement by the state-owned Saudi Arabian Airline, the 777-300ER deal was valued at 3.3 billion U.S. dollars at average list prices, with an option for 10 more of the aircraft. The price tag of the 78...
Trade officials from South Korea and the United States sat down with each other Monday in their last- minute efforts to iron out differences on their two-way free trade pact still awaiting legislative approval in both countries. South Korean Trade Minister Kim Jong-hoon and his U.S. counterpart Ron Kirk started the two-day negotiations in Seoul before t...
Japanese businesses are keen to consider a free trade agreement with New Zealand, said New Zealand Finance Minister Bill English on Monday. Just days before Japan hosts the Asia Pacific Economic Co- operation meeting, its government has agreed to join talks on the Trans-Pacific Partnership -- the U.S.-backed grouping that includes New Zealand, Brunei, C...
The free trade agreement (FTA) negotiations between Malaysia and the European Union (EU) could strengthen Malaysia's bilateral and trade relationship with Austria. Malaysian Prime Minister Najib Razak made this remark in his speech delivered by his deputy Muhyiddin Yassin at the Malaysia- Austria Economic Forum here on Monday. Also present was Aust...
Last-minute efforts by South Korea and the United States to iron out differences on their two-way trade pact have not to produce a breakthrough yet, South Korea's top trade official said Monday. South Korean trade minister Kim Jong-hoon and his U.S. counterpart Ron Kirk began in Seoul two-day negotiations aimed at settling their outstanding issues in t...
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