Trade News

USDA proposes rules to allow Israeli eggplant imports Nov 14, 2008

 The U.S. Department of Agriculture's Animal and Plant Health Inspection Service has proposed rules to allow the importation of commercial shipments of fresh eggplant from Israel into the United States.    As a condition of entry, the eggplant would be grown under a systems approach that would include requirements for pest exclusion at the produc...

China to increase export rebates to stimulate growth Nov 14, 2008

 The Chinese government said Wednesday it will raise export rebates for 3,700 products in a bid to lift the gloom over the country's export sector, Xinhua reported.    With demand for Chinese-made goods falling -- evidenced by relatively moribund cargo volumes across the transpacific and falling throughput at some of China's major container t...

WTO: Tackle trade finance or face downward spiral Nov 14, 2008

 Pascal Lamy, director-general of the World Trade Organization, said Wednesday after a meeting with representatives of private banks, international financial institutions and export credit agencies, that the market for trade finance has severely deteriorated over the last six months, and particularly since September    The world economy is slowin...

FDI inflows begin to slow amid global crisis Nov 13, 2008

Foreign direct investment (FDI) kept rising in October, but at a slower clip, pointing to a decline in capital inflows amid global economic turbulence. FDI for the first 10 months went up 35 percent to $81.1 billion, compared to 45.6 percent for the first half of the year, the Ministry of Commerce said on its website yesterday. The ministry did not ...

China reports $216 bln trade surplus in Jan.-Oct. period Nov 13, 2008

China's General Administration of Customs on Wednesday announced that the country's trade surplus in the first ten months of this year stood at 215.99 billion U.S. dollars, with the trade surplus of October reaching 35.24 billion U.S. dollars. Figures also showed that the country's combined export from January to October reached 1.2 trillion U.S. doll...

Spending on Chinese airports to reach 250 bln yuan in 2010 Nov 13, 2008

China will start work on new airport infrastructure worth 250 billion yuan (36.6 billion U.S. dollars) in 2010, the nation's top aviation official said on Wednesday. Total investment in airports under construction this year is expected to reach 100 billion after the launch of additional new projects and will double next year, Li Jiaxiang, head of the ...

China's actual use of overseas capital up 35% in past 10 months Nov 13, 2008

China's actually utilized overseas capital rose 35.06 percent to 81.1 billion U.S. dollars in the past ten months, said the Ministry of Commerce on Wednesday. From Jan. to Oct., the country approved the establishment of 22,736 overseas-funded companies. That's a drop of 26.24 percent from the same period last year. In October alone, the country us...

China retail sales rise 22% in Oct. Nov 13, 2008

China's retail sales grew at an annual rate of 22 percent in October, down 1.2 percentage points from September, the National Bureau of Statistics said on Wednesday. Source: Xinhua

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Qingdao Saint Voyage Log

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