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The Russian Chamber of Commerce and Industry (CCI) would further facilitate economic and trade cooperation with China, newly elected chairman Sergei Katyrin said Tuesday. During a meeting with Chinese ambassador to Russia Li Hui, Katyrin said the CCI had been maintaining close communication with the China Council for the Promotion of International Trade (...
The Indonesian government scrapped 182 import duties for raw material and processing equipment, aimed at helping the development of five industrial sectors, a senior official at the financial ministry said here on Tuesday. Bambang Brodjonegoro, head of fiscal policy-making at the ministry said that such a policy that reduces the import tariffs from 5 perc...
Indian Commerce Secretary Rahul Khullar arrived in Pakistan on Tuesday for talks to boost economic engagement between the two nations, officials said. Khullar will lead in the Indian delegation in official talks in Islamabad on April 27 and 28. The Indian Commerce Secretary arrived via Wagah border near the eastern city of Lahore, and did not talk to medi...
Lotte Group, a Fortune 500 company from the Republic of Korea, is considering spending about 10 billion yuan (1.5 billion U.S. dollars) to build a business center in central China's Hubei Province. A team of high-profile managers, led by Lotte chairman Shin Dong Bin, visited the provincial capital of Wuhan over the last few days, sources with the Wuhan m...
HONG KONG came to Memphis to offer much appreciated words of comfort and consolation to the rival Tennessee airport it recently dethroned as the world's busiest cargo hub, reported the Memphis Commercial-Appeal. "Everybody wants to be No 1," said Donald Tong, commissioner of Hong Kong's US economic and trade office. "But the reality is, there is only on...
Singapore's manufacturing output in March grew by 22 percent year on year thanks to strong biomedical output, the Economic Development Board said on Tuesday. The growth followed a lower-than-expected 4.8 percent in February. The board said the growth in March would be 6.1 percent with the biomedical cluster excluded. The biomedical output surged by 57 pe...
Fishery products imported from areas other than Japan have been gaining popularity among South Korean customers anxious about radiation poisoning, local media reported Tuesday. Sales of saury and mackerel between March 22 and April 24 have skyrocketed 204 percent and 80 percent, respectively, at Lotte Mart, one of South Korea's top three retail chains, c...
Chinese exporters are confronting a decline in growth as they are pinched by external and internal pressures, two government reports said. China's export growth could plunge to 20 percent in 2011, from 31 percent in 2010, while total imports could surge by 25 percent, the Development Research Center, a think-tank under the State Council, said in a report...
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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