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China, which is set to import more than 55 percent of its oil needs this year, should seek greater diversification of oil imports, build more stockpiles and improve conservation to enhance energy security, said analysts. The country will see a continuous increase in oil imports, as domestic production cannot keep pace with the fast growing economy, said...
THE American Apparel & Footwear Association (AAFA) has presented a plan to help the National Export Initiative to double US exports by 2015, but also urged greater realism about the world trade and the role of protectionism on the part of the US government. "Domestic manufacturers of apparel and footwear primarily operate under the Berry Amendment (...
Poland's economy will grow 3.6 percent in 2010, 5.9 percent in 2011 and 6.5 percent in 2012, the Bureau for Investments and Economic Cycles (BIEC) reported on Thursday. In the near future domestic and foreign demand as well as investments will continue to be chief factors behind the economic growth, the report said. BIEC analysts said that in the c...
Thailand's Prime Minister Abhisit Vejjajiva on Friday said he is confident the export sector would help lift gross domestic product (GDP) growth in 2010 to at least seven percent year on year. According to the Bangkok Post's website, local media reports said Abhisit Friday morning chaired the ceremony marking the 90th anniversary of Commerce Ministry ...
Angang Steel Co (Angang) said Thursday that its parent, Anshan Iron and Steel Group (Ansteel), may postpone plans to invest in a US steel plant because of objections from US lawmakers, Reuters reported. Chen Ming, vice chairman of Angang, said its parent was currently engaged in talks with the US-based Steel Development, but had not yet invested in the ...
Chinese steel mill Rizhao Steel Holding Group Co Ltd was fined $114 million Monday by an arbitrator in Austalia for breach of a long-term supply contract with Australian iron ore company Mount Gibson Iron Ltd, the Economic Information Daily said. Rizhao Steel is one of the first Chinese companies to be fined because of breaching contract. The company di...
Russia may turn to be a net-importer of grain instead of being an exporter this year, Moscow's Vedomosti daily reported on Thursday. According to a source in the Agriculture Ministry, in 2010-2011 Russia may import 5 million tons of grain. This is a done decision, the source said, adding that the government currently discussed the volume of such an...
The devaluation of Vietnam's dong by another 2 percent early this week will not have any appreciable impact on Thailand's rice exports, Commerce Minister Porntiva Nakasai said on Thursday. "Vietnam is a major competitor for rice exports, but our neighbor now has no more rice for sale," the Bangkok Post's wesbite quoted the Thai commerce minister as s...
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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