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Japan LNG imports to drop 6% in fiscal 2016-17

TOKYO: Japan’s LNG imports are expected to fall 4.5% year on year to 85 million mt in the current fiscal year to March 31 and then are likely to drop 6.4% year on year to 79.6 million mt in fiscal 2016-17 (April-March), the Institute of of Energy Economics, Japan said Friday. The forecast is based on the assumptions that five ... Read More »

Zimbabwe’s imports decline by 12% to $516m in October

HARARE: Zimbabwe’s imports declined by 12 percent in the month of October to $516 million, from $584 million recorded in September, latest data from the Zimbabwe National Statistical Agency shows. In the period under review, Zimbabwe imported most of its goods from South Africa, Singapore and China. From South Africa, the country procured goods valued at $201 million, in Singapore ... Read More »

EU eases testing on Bangladeshi shrimp imports

CITY OF BRUSSELS: The EU had decided to ease rules around shrimp imported form Bangladesh, abolishing the provision that required a separate health certificate for every shrimp consignment from the country, reports The EU had been worried about the level of nitrofuran in Bangladeshi shrimp which prompted it to stop imports for six months in 2010. Imports resumed under ... Read More »

Thailand, Cambodia plan to triple bilateral trade

BANGKOK: Thailand and Cambodia agreed on Friday to triple the value of bilateral trade and develop their partnership for mutual benefit. Agreement was reached at talks between the delegations of Thai Prime Minister Prayut Chan-o-cha and visiting Cambodian Prime Minister Hun Sen at Government House. Deputy government spokesman Werachon Sukondhapatipak said afterwards that the two sides agreed to triple bilateral ... Read More »

Iran ready to join World Trade Organization

TEHRAN: Iran is prepared to negotiate its way into the World Trade Organization, Industry Minister Mohammad Reza Nematzadeh said, building on the momentum of a landmark nuclear deal as Tehran restores international economic links after years of sanctions. “I’m here with an important message,” Nematzadeh told ministers of the trade body’s 162 members at a twice-yearly meeting in Nairobi. “Now ... Read More »

Canada wholesale trade falls in October

OTTAWA: Canadian wholesale sales declined for a fourth consecutive month in October, missing market expectations and adding to questions about the pace of Canada’s economic recovery. October wholesale trade fell 0.6% from September to a seasonally adjusted 54.74 billion Canadian dollars ($39.24 billion), Statistics Canada said Friday. Expectations were for a 0.1% increase, according to economists at Royal Bank of ... Read More »

Italy to reopen trade office in Pakistan

ROME: Italy has assured to support Pakistan’s case for continuation of GSP-plus scheme during the first review expected next month. Italian Trade Commissioner and Chairman of the Italian Trade Promotion Agency Riccardo Monti said his government will press for continuation of the Generalised System of Preferences Scheme for Pakistan. Speaking at a press conference here the other day, he said ... Read More »

Canada: 48 kilos of cocaine, worth $2.4m, seized in Milton traffic stop

TORONTO: A whopping 48 kilograms of cocaine, with a street value of $2.4 million, were seized in a traffic stop in Milton, Peel police say. Officers stopped a car and arrested a man near Highway 401 and Highway 25 around 12:30 p.m. on Monday. The arrest was the result of a joint investigation between the major drugs and vice unit, ... Read More »

South Africa police confiscate fake goods worth R120K

CAPE TOWN: A joint operation between police and the Department of Labour saw counterfeit goods of more than R120 000 confiscated at the Cape Town station deck. According to police spokesperson Noloyiso Rwexana, police and the Department of Labour carried out a search and seizure operation as part of the anti-crime initiative Operation Fiela on the station deck between 10am ... Read More »

US Customs seizes 445 counterfeit hoverboards at Port of Norfolk

NORFOLK: Nearly 450 hoverboards with counterfeit trademarks, including fake batteries, were seized by U.S. Customs and Border Protection Officers at the Port of Norfolk. The seized hoverboards have a manufacturer’s suggested retail price of $171,031. CBP officers inspected a shipping container and discovered hoverboards containing batteries manufactured in China and displaying the trademark “Samsung.” CBP determined that the mark was ... Read More »

Thai Customs seizes B40m in smuggled ivory, pangolin scales

BANGKOK: Almost 800 kg of smuggled elephant tusks and pangolin scales worth 40 million baht in total have been seized by customs officers at Samui international airport in Surat Thani province. The Customs Department on Friday announced the seizure of 281 ivory tusks, weighing 789 kg, and 12 bags containing 587kg of pangolin scales. These banned products were seized at ... Read More »

Turkey authorities arrest 2 men for smuggling 148 blank European passports

ISTANBUL: Two suspects were apprehended by Turkish authorities in Istanbul airport while allegedly trying to smuggle 148 blank European passports hidden in pizza-making equipment, AP reports citing a local government source. According to the source, one of the suspects is a Belgian citizen of Turkish descent while the other is a native of Syria. There were British, Irish, French and ... Read More »

US: Oakland airport security officer accused of drug smuggling

OAKLAND: A security officer at Oakland International Airport has been accused of using her job to help smuggle drugs through the airport. The San Francisco Chronicle reports that the 28-year-old Mateo resident is accused of manipulating X-ray machines at security checkpoints so her partners could pass through with carry-on bags full of marijuana. According to an indictment unsealed Thursday by ... Read More »

Tanzania sentences 4 Chinese men for rhino horn smuggling

DODOMA: Tanzania court has sentenced four Chinese men to 20 years in jail each after they were convicted of smuggling rhino horns, part of a crackdown in sub-Saharan Africa on lucrative illegal poaching of protected wildlife. The East African country, which relies heavily on revenues from safari tourism and new President John Magufuli has pledged to root out poaching as ... Read More »

Philippines Customs issues rules on VAT tax credit certificates

MANILA: The Bureau of Customs (BoC) has come out with new rules to allow companies to claim their tax credit certificates (TCCs) covering value-added tax payments. In a statement issued on Friday, the bureau said firms may now apply to convert to cash their VAT import and VAT drawbacks TCCs by submitting applications before the BoC’s tax credit secretariat. The ... Read More »

Vietnam Customs seizes 2.2 tonnes of elephant tusks

HA NOI: Hai Phong customs officials found and seized more than 2.2 tonnes of elephant tusks smuggled into Viet Nam from Mozambique. The tusks arrived at Tan Vu Port in the northern coastal Hai Phong City on November 29. They were sent by an enterprise in Mozambique to Ha Linh Import-Export JSC in the city. The goods were said to ... Read More »

Woman arrested to smuggle 1kg of heroin

DUBAI: A woman arrested for trying to smuggle more than a kilogram of heroin said the court should track down the man who asked her to carry the bag because she did not know it contained drugs. “A man I know in Iran gave me the bag and asked me to deliver to his friend here,” said Tajik M E, through ... Read More »

Dubai Court sentences man 10 yrs jail to swallow 90 drugs capsules

DUBAI: A 50-year-old man who claimed he was forced by two men to swallow 90 capsules containing hashish has been jailed for 10 years. Dubai Criminal Court convicted Afghan M K of possessing and smuggling nearly one kilogram of the drug with the intent to sell it, charges he denied last month. “I was forced by two men to swallow the ... Read More »

NDLEA arrests man for attempting to export 18.2kgs of drugs

ABUJA: National Drug Law Enforcement Agency (NDLEA) yesterday said it arrested a 31 year-old South African, Sipho Mitshali and two Nigerians at the Nnamdi Azikiwe International Airport (NAIA), Abuja, for attempting to export 18.2kgs of drugs valued at N163 million. They include a South African Mitshali, who was found with 4kg of Ephedrine and 8kg of Methamphetamine on his way ... Read More »

Dubai Police foil attempt to smuggle 50kg of opium in ship

DUBAI: An Asian man was arrested for allegedly trying to smuggle 50 kilograms of opium into the country. Col Eid Al Thani, director of Dubai Police’s Anti-Narcotics Department, said that 26-year-old KNA tried to bring in the drugs using a launch boat. “He took advantage of his position as a sailor and we caught him red-handed putting the bags into ... Read More »