Trade News

Japan's auto output falls 6.3% on year in Jan.Mar 1, 2011

Japan's automobile production fell 6. 3 percent in January from a year earlier, marking the fourth consecutive month of decline, the Japan Automobile Manufacturing Association (JAMA) said in a report on Monday. Automobile production in January totaled 706,107 units, down from the 753,734 units total production logged in the same month a year earlier, JAM...

S. Korea to increase tariff-free imports from MarchMar 1, 2011

South Korea plans to increase zero- tariff import items from early March as part of efforts to ease rising trend of domestic prices, the finance ministry said Monday. South Korea will expand the amount of tariff-free powdered milk and frozen pork belly from early next month, with the total number of duty-free items increasing to 99 from the current 75, th...

Australia being trapped in a bigger bubble: RBA directorFeb 28, 2011

Australia is being trapped in a global bubble that could hit the nation much harder than the global financial crisis and expose the weaknesses of Labor government's economic settings, a board member of Australian central bank warned. Reserve Bank of Australia board member Warwick McKibbin told The Australian Monday that the bubble in global commodity pri...

S Korea-EU trade pact awaits S Korean parliament approvalFeb 28, 2011

A ratification bill for a free trade deal between South Korea and the European Union will be submitted to South Korean parliament again due to minor translation errors, the foreign ministry said Friday. The pact, signed last October and approved by the European Parliament earlier this month, still awaits legislative approval here. The pact, if it goes i...

Chinese firm to start bauxite mining in FijiFeb 28, 2011

Fiji's Minister for Lands and Mineral Resources Netani Sukanaivalu on Friday issued a land lease to a Chinese mining company to explore bauxite in Nawailevu in northern Bua province. Sukanaivalu handed over the lease documents to Executive Director of Aurum Exploration Limited, Simon Chen Bao, in a ceremony in Nawailevu that was witnessed by local villag...

Nepal remains top trade partner of China's TibetFeb 28, 2011

Nepal continued to be Tibet's top trade partner with bilateral trade up 90.2 percent year on year in January to 59.67 million U.S. dollars, the local customs of the autonomous region in southwest China said Sunday. In January, Tibet generated 87.66 million U.S. dollars in foreign trade, a 39.6-percent year-on-year rise, and trade with Nepal accounted for...

MISC profit increases three fold while revenue declines 10pcFeb 28, 2011

MAYLASIAN carrier MISC Berhad Group has posted a near three-fold profit increase to MYR2.4 billion (US$783 million) for 2010 while its revenue declined 10 per cent to MYR9.4 billion. Profits were attributed to improved operational performance, lower losses in liner business and improved earnings in MISC's heavy engineering business. Although MISC did ...

Xiamen fruit imports from Taiwan up 40pc in 2010Feb 28, 2011

SOUTHEAST China's Xiamen customs imported 5,936.1 tonnes of fruits from Taiwan at a value of US$5.66 million in 2010, reports Xinhua. The volume keeps Xiamen in the No 1 spot as top fruit importer from Taiwan of all of China Customs' regions for a third straight year. (Source:http://www.schednet.com)  

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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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