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The US government is concerned about the maintenance, let alone expansion, of its over US$3 billion bilateral trade with Pakistan after the latter's failure to introduce the Secure Freight Initiative (SFI) program at Karachi Port, the Business Recorder reported. The local authorities, however, claim to have deep interest in the Pak-US joint venture, term...
SINGAPORE: The Association of Southeast Asian Nations (ASEAN) effort in engaging pro-actively with China in free trade agreement (FTA) is bearing fruit, an ASEAN official said on Thursday. Sundram Pushpanathan, Deputy Secretary-General of ASEAN for the ASEAN Economic Community, spoke at the ASEAN Roundtable 2010 that ASEAN-China trade reached over $192 bi...
BEIJING - Mongolian President Tsakhiagiin Elbegdorj called on Wednesday for Chinese and Mongolian companies to strengthen economic cooperation in the mining and animal husbandry industries. Elbegdorj made the remark at the China-Mongolia Business Forum, during his official visit to China, taking place from April 28 to May 3 at the invitation of Chinese Pr...
NEW YORK: Oil prices rebounded on Wednesday as the Federal Reserve's decision to leave rates low offset an overall bearish inventory report and Spain's downgrading. Light, sweet crude for June delivery rose 78 cents to settle at $83.22 a barrel on the New York Mercantile Exchange. Crude futures pared early losses after the Fed said it will continue to...
BEIJING: China will make every effort to achieve a 10 percent growth in service trade this year, on the back of steps to narrow the trade deficit in the sector, the Ministry of Commerce said on Thursday. The ministry said the nation's service trade fell by 6 percent to $286.8 billion in 2009, the first yearly drop since 2001. Service exports declined b...
NANCHANG: Chinese Ministry of Commerce released regulations concerning foreign investment in China's central region here Thursday. The region - which includes the provinces of Shanxi, Anhui, Jiangxi, Henan, Hubei and Hunan - should attract high-end green industry with policy incentives and guidance, the regulations say. It should give priority to manuf...
BEIJING: Global concerns over a potential Greek default and spreading debt problems in the eurozone deepened Wednesday as the country's borrowing costs surged, a day after ratings agency Standard & Poor's downgraded Greece's bonds to junk status, which led to sliding stocks around the world. The ratings firm Tuesday dropped Greece three pegs to BB+...
Deutsche Post said it is seeing clear signs of economic recovery, particularly in Asia, Reuters reported. "The perceptible rebound in volume in the first months of the year is a clear indication of a strengthening economic upswing," Europe's biggest mail and express delivery company said. The company also affirmed its 2010 outlook. Deutsche Post is due...
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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