Trade News

Alataw Pass trade value up 31.2pc in first five months Jul 8, 2010

STATISTICS from the Alataw Pass customs checkpoint, on the China-Kazakhstan border, showed that as of June 5, value of the trade cargo handled by the port in this year totalled US$4.5 billion, up 31.2 per cent year on year, Xinhua reported. Import value soared 104.1 per cent to $3.99 billion, while export value plunged 65.3 per cent to $512 million. (S...

Sino-Russian trade surges 56pc in first five months Jul 8, 2010

FROM January to May, the trade between China and Russia surged 56 per cent year on year to US$21 billion, Xinhua reported. Export from China to Russia grew 54 cent to $9.3 billion. Imports from Russia to China increased 57 per cent to $11.7 billion. Affected by the economic downturn, the Sino-Russian trade dropped sharply in 2009, but has strongly r...

Dalian Commodity Exchange plans to start coke, coking coal futures in ...Jul 7, 2010

Dalian Commodity Exchange plans to introduce coke futures this year and is studying plans for coking coal contracts as consumption for the raw materials rises in China, the world's biggest steelmaker. "Due to a combination of factors, the price of coke and coking coal this year fluctuated a lot," Liu Xingqiang, the director of the bourse, China's larg...

China's Jan.-May coal imports jump 114 pct on robust industrial deman...Jul 7, 2010

China's coal imports surged 114.3 percent year on year to 68.98 million tonnes in the Jan.-May period on the back of strong industrial demand, the Ministry of Industry and Information Technology (MIIT) said Monday. In a statement posted on its website, the MIIT attributed the increased demand to the power, steel, cement and chemical fertilizer industri...

D8 Commission establishes Preferential Trade Agreement Jul 7, 2010

The D8 Commission on Monday in Abuja established a Preferential Trade Agreement (PTA) to facilitate the improvement of investment and economic cooperation among member states. The commission, established in 1997, comprises developing nations of Nigeria, Egypt, Turkey, Malaysia, Bangladesh, Indonesia, Iran and Pakistan, with the aim of promoting economic...

Nepal's garment exports to U.S. sink to zero Jul 7, 2010

Long plunging garment exports to the United States have hit rock bottom with not one piece being shipped in June. Nepal's ready-made garment manufacturers received zero orders from the U.S. during the month, The Kathmandu Post daily reported on Tuesday. Statistics of the Garment Association of Nepal (GAN) show that garment exports in the first six mont...

European Commission to invest 10 million euros in China's energy effi...Jul 7, 2010

The European Commission announced Monday that it will invest 10 million euros in Greenstar Energy Conservation and Emission Reduction Private Equity Fund, the first energy efficiency-focused private equity fund in China. Attending the EU-China Smart City Forum at the Shanghai World Expo, Gunther Oettinger, EU commissioner for energy, said the European U...

UAE calls for actions against trade protectionism Jul 7, 2010

The foreign trade minister of the United Arab Emirates (UAE) said governments worldwide should take measures to remove trade protectionism in the wake of the global economic downturn, the state news agency WAM reported Tuesday. Any curbing of trade activities between countries would hinder rather than help global economic recovery, Sheikha Lubna Al Qasi...

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