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South Korea's import prices jumped 19 percent on-year in April as higher oil prices outweighed the local currency's ascent to the U.S. dollar, the central bank said Monday. In local currency terms, the country's import prices soared 19 percent last month from a year earlier, the Bank of Korea (BOK) said in a monthly report. From the previous month, imp...
China's trade surplus may drop to around 100 billion U.S. dollars in 2011, the China Securities Journal quoted a central bank advisor as saying in a Monday report. Li Daokui, a member of the monetary policy committee of the People's Bank of China, the country's central bank, made the remarks at the 3rd International Business Development Forum held in B...
An initial ruling by China's Ministry of Commerce said Monday that European Union (EU) members have subsidized potato starch exports to China, hurting the interests of China's domestic industries. China will impose an anti-subsidy provision of the tariff on potato starch products effective from May 19, the ministry said in a statement on its website. Th...
The Industrial and Commercial Bank of China (ICBC) said its trade financing business has posted robust growth in the first quarter, with domestic subsidiaries conducting almost 290 billion yuan of in-balance-sheet trade financing, up 42.58 percent year on year. Meanwhile, the bank's domestic branches granted nearly 30 billion U.S. dollars of internationa...
SHANGHAI customs recorded a value of US$116 million of Taiwan imports under the Mainland-Taiwan Economic Cooperation Framework Agreement (ECFA) in the first three month, Xinhua reports. Since the agreement was implemented on January 1, import tariffs were reduced or eliminated under the agreement came to CNY32.7 million (US$5.04 million) at the end of Ma...
China had become an "outstanding actor in the trade agenda" for Latin America and it was time to grow the relationship further, a UN regional commission official said here Thursday. Chile-based Osvaldo Rosales, director for trade and integration at the UN Economic Commission for Latin America and the Caribbean (ECLAC), was presenting a paper, "The eruptio...
China opposes the European Union's decision to impose its first-ever anti-subsidy and anti-dumping duties on imports from China, said Ministry of Commerce (MOC) spokesman Yao Jian on Saturday. Yao made the remarks in a statement on the MOC website after the EU announced its anti-subsidy and anti-dumping duties on Chinese coated fine paper -- used for hig...
The European Union's (EU) move to levy tariffs against Chinese-made coated fine paper is against the principles of the World Trade Organization (WTO) and Beijing should take the EU to task to safeguard the interest of Chinese enterprises, experts said on Sunday. The EU announced on Saturday its first-ever anti-subsidy and anti-dumping duties on Chinese c...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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