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The Asia-Pacific Economic Cooperation (APEC) mechanism agreed to cut tariffs among its 21 members to zero in 2020, Peruvian APEC representative of APEC Luis Quesada said Wednesday. This decision under the 2nd Association Plan of Trade Facilities was ratified at the APEC's Second Senior Officers Meeting (SOM-II), being held from May 20-29 in the Peruvi...
Indonesia will quit the Organization of Petroleum Exporting Countries (OPEC) due to years of declining production and investment in the field, a senior official has said. Energy and Mineral Resources Minister Purnomo Yusgiantoro said at a press conference Wednesday that Indonesia, the only Southeast Asian member of the oil cartel will not renew its me...
China announced on Wednesday it would start an anti-dumping investigation against imported cyclic dimethyl siloxane from the Republic of Korea (ROK) and Thailand. The Ministry of Commerce announced it would study the extent of the dumping behavior and its damage to the Chinese domestic manufacturing industry. The investigation would normally end w...
China Petroleum and Chemical Corporation (Sinopec) announced on Wednesday it planned to tie up with SK Energy Co., the biggest oil refiner in the Republic of Korea (ROK), to construct an ethylene project in Wuhan, capital ofthe central Hubei Province. The framework agreement was signed by both companies during ROK President Lee Myung-bak's visit to Be...
Agricultural prices had fallen for the seventh consecutive week as of Sunday, indicating that the quake in Sichuan Province hasn't had a major impact on food prices, the Shanghai Securities News reported on Wednesday. The newspaper cited the latest statistics from the Ministry of Commerce (MOC), which showed that farm produce prices in 36 medium-sized...
A transition to equal profitability of natural gas supplies on the domestic market and abroad will be completed in 2014-2015, Deputy Economy Minister Andrei Klepach said during today's meeting of a trilateral commission for the regulation of social and economic relations. The government decided to stick to its plan providing for bringing the prices of dom...
Bayer CropScience is the newest sponsor of Dig It! The Secrets of Soil with a $100,000 donation to support the exhibition. Scheduled to open July 19th, 2008 at the Smithsonian’s National Museum of Natural History (NMNH) in Washington, D.C., Dig It! will occupy an approximately 5,000 square foot exhibition space in the most visited natural history museu...
New Delhi, May 27: India will soon have its first petroleum, chemical and petrochemical investment region (PCPIR) operational near Vizag in Andhra Pradesh, Ram Vilas Paswan, minister for chemicals and fertilisers, said here Tuesday. PCPIR in Andhra Pradesh is at an advanced stage. It is being looked into by a high-powered committee, and will shortly st...
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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