Trade News

More than 200 new cars to show at Beijing import auto expoJun 13, 2011

More than 200 new vehicles will be displayed at 2011 Beijing import auto expo which is scheduled to be held from Oct. 31 to Nov. 6, organizer has said. The exhibition to be held at the China National Convention Center covers a floor space of 26,000 square meters. Organizer said on Friday that leading car makers such as Mercedes Benz and BMW have shown wil...

China's imports rise, exports growth drop in MayJun 13, 2011

China's imports grew faster than expected in May, indicating the country's appetite for commodities remains strong. Imports jumped 28.4 percent year-on-year to reach 144.11 billion U.S. dollars in May, up from April's increase of 21.8 percent, the General Administration of Customs (GAC) said on Friday. Imports of iron ore jumped 8.1 percent from a ye...

Indonesia to take 4 steps in face of Australia's cattle export halt: ...Jun 13, 2011

Indonesian President Susilo Bambang Yudhoyono said on Friday that the government has prepared four steps to handle Australia's cattle export halt for six months, the country's largest news portal reported here. Prior his departure to Bali to open an art event, Yudhoyono said that the first step is that the government is working to ensure suffi...

Chinese mainland suspends imports of 948 DEHP-tainted products from Ta...Jun 13, 2011

The Chinese mainland has suspended imports of 948 Taiwanese products, including beverages, food products and food additives that are produced by 280 companies suspected of using a cancer-causing plastic additive, according to a notice issued by the Food Safety Commission on Friday. The Food Safety Commission under the State Council, or cabinet, has ordere...

Indonesia plans to import cattle from New Zealand, beef from U.S.Jun 13, 2011

The Indonesian government will increase live cattle imports from New Zealand and beef from the United States (U.S.) should the domestic meat supply is insufficient. The move came following the ban of live cattle exports to Indonesia by Australia after the cattle cruelty issue in Indonesia's abattoirs, a deputy agriculture minister said here on Friday. ...

Russia to lift EU vegetable import ban under guaranteesJun 13, 2011

Moscow will lift its ban on fresh vegetable imports from the European Union (EU) after receiving safety guarantees, said Russian President Dmitry Medvedev at the summit with the EU here on Friday. Russia is ready to resume vegetable imports if EU agencies give safety guarantees, he told a news conference, adding that specialists from the two sides will dr...

Petrobras announces major oil discoveries in Gulf of MexicoJun 10, 2011

Brazil's state-owned oil and gas giant Petrobras said Thursday it discovered two major oil deposits and a gas deposit in the Gulf of Mexico, together with Exxon Mobil. The discoveries, with estimated total reserves exceeding 700 million barrels of oil equivalent, were made in a concession zone of the Hadrian area in the U.S. portion of the Gulf, about 40...

Transformation of China's economic growth pattern important to world,...Jun 10, 2011

Acting Managing Director of the International Monetary Fund (IMF) John Lipsky said Thursday that the transformation of China's economic growth pattern is important to the rest of the world. China's economy would continue to be a "bright spot" for global growth and the IMF maintains its forecast for China to grow around 9.5 percent for both this year and...

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