Trade News

ASEAN becomes S. Korea's second largest trade partnerJun 1, 2011

The Association of Southeast Asian Nations (ASEAN) has become the second largest trade partner of South Korea four years after a bilateral free trade agreement took effect, the foreign ministry said Tuesday. Two-way trade volume between the two totalled 106.8 billion U.S. dollars as of May this year, second highest only to China, according to the ministry...

Imported iron ore stocks fall on weak demandJun 1, 2011

Inventories of iron ore at 25 of China's major sea ports rose by 610,000 metric tons to hit a total of 93.07 million metric tons on May 30, according to the Xinhua-China Iron Ore Price Index released on Tuesday. The index, compiled by the Xinhua News Agency, tracks iron ore inventories and imports in Chinese spot markets through research and analysis of ...

Turkey's exports up 26.5% in AprilJun 1, 2011

Turkey's exports surged 26.5 percent year-on-year to 11.8 billion U.S. dollars in April, a faster growth than the previous month, official figures showed Tuesday. In April, imports rose 40.2 percent year-on-year to 20.9 billion U.S. dollars, bringing foreign trade deficit up 63.4 percent to 9.1 billion U.S. dollars, the Turkish Statistical Institute said...

Japan, Peru ink FTA, Japanese automakers look to up exportsJun 1, 2011

Japan and the Republic of Peru on Tuesday signed a bilateral free trade agreement (FTA) which will promote the liberalization and facilitation of trade and investment between the two countries. According to the agreement, the new pact, which will come into effect once ratified by the Diet of Japan and Congress of Peru, will eliminate tariffs on more than ...

China says service trade to hit 600 bln USD by 2015Jun 1, 2011

China is drafting a five-year plan to promote trade in its service sectors, with a projected service trade volume of 600 billion U.S. dollars by 2015, a senior official said on Tuesday. "Despite a relatively late take-off, China's service trade has huge potential," said Assistant Minister of Commerce Qiu Hong at a press conference in Beijing. She said ...

China-EU Smart and Secure Trade Lanes adds Chongqing and ShanghaiJun 1, 2011

CHONGQING and Shanghai have been selected as the pilot ports of the China-EU Smart and Secure Trade Lanes (SSTL) phase 2 project, Xinhua reports. The SSTL project's 16th working conference was recently held in Chongqing. Representatives from European Commission's Directorate General for Taxation and Customs Union, representing customs of the UK, Germany...

Indonesia optimistic to surpass neighboring countries' growth in 2012...May 31, 2011

Indonesia is optimistic to surpass neighboring countries' economic growth in 2012 with growth of 6.5- 6.9 percent, a minister said here on Tuesday. Finance Minister Agus Martowardojo told a parliamentary plenary session that the expected growth would surpass Malaysia (5.2 percent), Thailand (4.5 percent), the Philippines (5.0 percent) and Singapore (4.4 ...

Indian economy grows 7.8% in Q1May 31, 2011

Indian economy expanded 7.8 percent in the first quarter of 2011 from a year earlier, lower than market expectation of 8.2 percent, according to India's Central Statistics Office on Tuesday. This marks the slowest quarterly growth since the first quarter of 2010 and confirms the slowdown of Indian economy with monetary tightening. Meanwhile, India's G...

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Qingdao Saint Voyage Log

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