Trade News

China Enterprises Index Down 2.74 Pct -- May 20 May 21, 2008

The Hang Seng China Enterprises Index on the Hong Kong Stock Exchange went down 394.10 points, or 2.74 percent, to close at 13,973.20 Tuesday. The H-shares index, initiated in August 1994 and readjusted on March 10, 2008, tracks the overall performance of 42 Chinese mainland state-owned enterprises listed on the Hong Kong Stock Exchange. The Hang ...

Retail Sales Value in Macao Surges 46 Pct in Q1 2008 May 21, 2008

Macao's value of total retail sales for the first quarter of 2008 was estimated at 4.55 billion patacas (569 million U.S. dollars), significantly rising by 46 percent year-on-year, according to the figures released Tuesday by Macao's Statistics and Census Service (DSEC). The city saw marked increases in the sales of watches, clocks and jewelry, adults...

WTO Chief Says Doha Round Negotiations Moving to End Game May 21, 2008

With the release of new compromise proposals on agriculture and industrial goods trade, the Doha Round of global negotiations is now closer to its end game, WTO chief Pascal Lamy said on Tuesday. The new proposals, or negotiating texts, were released respectively by Crawford Falconer, chair of agriculture negotiations, and Don Stephenson, chair of neg...

China's Zhang Yuejiao Sworn in as WTO Top Court Judge May 21, 2008

Famous Chinese lawyer Zhang Yuejiao was sworn in on Tuesday as a judge of the World Trade Organization (WTO)'s top court. Zhang will start a four-year term in the Appellate Body on June 1. The seven-member body is often considered as the highest court of the WTO, which gives final rulings to trade disputes. Japan's Shotaro Oshima was also sworn in ...

PCC takes trade agenda to Washington May 21, 2008

A 40-member delegation from the activist Pacific Coast Council of Customs Brokers and Freight Forwarders Associations is in Washington this week pressing its case on a number of hot button issues related to international trade and freight transportation. The group met Monday with officials at U.S. Customs and Border Protection, the Food and Drug Admin...

Vietnam Might Apply Rice Export Taxes May 20, 2008

Vietnam's Finance Ministry is drafting a document under which the country will impose export taxes on rice export, instead of annual rice volume quotas as it currently does, local newspaper Vietnam Agriculture reported Monday. When prices of rice in the domestic market increase considerably, Vietnam will raise the taxes to limit rice export. When the ...

China Orient Taps Brokerage Business May 20, 2008

China Orient Asset Management Co said on Friday that it had started operating a securities unit, becoming the first state bad-debt manager to tap underwriting and brokerage businesses. Dongxing Securities Co was opened on Thursday, China Orient said in a Website statement. The stock house was revamped from Fujian Province-based Minfa Securities Co take...

Australia Needs More Skilled Workers to Keep Economy Grow May 20, 2008

Australian Immigration Minister Chris Evans said on Saturday that the nation's economy could not continue to grow unless more skilled migrant workers were allowed to work in the country. Evans said many companies could not find enough skilled workers to enable their businesses to grow due to an ageing population. So there is a huge demand. We will...

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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.

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Qingdao Saint Voyage Log

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