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Tag Archives: Trade

Iranian envoy, Hafeez Shaikh discuss ways to enhance trade ties

ISLAMABAD: Iranian ambassador to Pakistan Syed Muhammad Ali Hosseini called on Adviser to Prime Minister on Finance Dr Abdul Hafeez Shaikh. Matters of mutual interest, bilateral cooperation, trade, investment, regional peace and other issues were discussed in the meeting. On the occasion, Hafeez Shaikh said that Pakistan desired to further enhance the volume of bilateral trade between the two neighboring ... Read More »

Trade, investment between Thailand-CLMV tipped to rise

BANGKOK: The Ministry of Commerce sees further potential for trade and investment between Thailand and CLMV (Cambodia, Laos, Myanmar, Vietnam) countries. The remark came after it was revealed that trade between Thailand and CLMV from January was Bt353.31 billion, up 1.74 per cent on the same period last year. Thai business operators can obtain business, investment information, data and advisory ... Read More »

EU trade deals to bring in £20b for Britain

BERLIN: Britain’s income will be boosted by £20bn through concluded and future international trade deals that have been brokered by the European Union, according to the business department. In a written Parliamentary question, Labour MP Emma Reynolds asked what the benefit had been to the UK economy of preferential trade agreements the EU has negotiated with countries outside the bloc. ... Read More »

General trade between Turkey, Namibia increases by more than 100% within last three years

ANKARA: General trade between Turkey and Namibia has increased by more than 100 percent within the last three years. According to trade statistics obtained from the Namibian Statistics Agency (NSA), last year Namibia exported goods to Turkey with a total value of US$28 million and imported goods worth US$104 million. The goods exported include fish fat, charcoal, fur skin and ... Read More »

TPP deal lifts hopes for US-EU trade pact

BRUSSELS: With his move this week to conclude negotiations on a deal with Japan and 10 other Pacific Rim economies, Barack Obama went a long way to achieving one of the main pillars of an ambitious trade agenda. So what about another? Can the US and the EU now seal the deal on the Transatlantic Trade and Investment Partnership, a ... Read More »

Jamaica: Brown emphasizes link between maritime transport, trade

KINGSTON: Foreign Affairs and Foreign Trade State Minister, Hon. Arnaldo Brown, has underscored the important and “inextricable” link between maritime transport, trade and economic development. Mr. Brown said this link is particularly important for Jamaica and other Caribbean countries, which, as small island developing states, are heavily dependent on external markets and maritime transport. The State Minister was speaking at ... Read More »

Sri Lanka-Turkey bilateral trade reaches $300m

ANKARA: The bilateral trade between Sri Lanka and Turkey has crossed the US$ 300 million barrier for the first time, Minister of Industry and Commerce Rishad Bathiudeen said. Addressing the inaugural event of Turkey Ceylon Business Council in Colombo on 23 September, the Minister said Sri Lanka’s trade with Turkey has been increasing over the last few years and in ... Read More »

French companies fear losing Iran trade

PARIS: French companies are warning that their government’s tough stance in the Iranian nuclear negotiations could be hurting their chances of winning business when sanctions are lifted. France’s main business lobby group, Medef, is in Iran on Monday with a delegation of ministers and about 150 companies, including Total and PSA Peugeot Citroën, to improve relations. very tough stance has created ... Read More »

Norway partners with ASEAN free trade bloc

OSLO: ASEAN foreign ministers accepted Norway as a Sectoral Dialogue Partner at their recent meeting in Kuala Lumpa, following Norway’s application early this year to establish a formal partnership with the Asian bloc. The ASEAN free trade area includes Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. Taken together, the ASEAN bloc was Norway’s fourth-largest trading ... Read More »

Taiwan-Turkey business association launches to promote closer trade

ANKARA: The Taiwan-Turkey Business Association was established on Friday to promote closer trade and industrial cooperation between Taiwan and Turkey, according to the association. The group’s main objective is to increase Taiwanese businesses’ understanding of Turkey’s history, culture and trade environment and enhance ties between Taiwanese companies and Turkish business groups, Huang Mao-hsiung, head of the preparatory committee of the ... Read More »

German trade surplus hit record high in July

BERLIN: Germany’s trade surplus hit a record high in July, as a weaker euro helped bolster exports to countries outside the eurozone, particularly the U.S. The Federal Statistical Office said Tuesday that exports rose 2.4 percent to 103.4 billion euros ($115.25 billion), adjusted for calendar and seasonal variations. Imports rose 2.2 percent to 80.6 billion euros for a 22.8 billion ... Read More »

Italy, Germany, Russia deny to establish US leadership in trade with Azerbaijan

ROME: Baku, Fineko/ Top 3 and Top 5 of Azerbaijan’s key trading partners did not have internal changes in July: the U.S, which in February became Azerbaijan’s key trade partner for the first time in history and most ex-dynamic counteragent, calmed down as back as in June. By the end of first 7-month term of 2015 Top 3, as a ... Read More »

Trade and services indices for Q2 announced

ANKARA: According to the Turkish Statistical Institute (TurkStat), the seasonally- and calendar-adjusted trade and services turnover index increased 4.2 percent compared to the previous quarter in the second quarter of 2015, and the calendar-adjusted trade and services turnover index increased 11.5 percent since the second quarter of 2014. Moreover, the seasonal and calendar-adjusted trade and services gross wages-salaries index increased ... Read More »

Biggest traded Norwegian insurer becomes haven in market selloff

OSLO: Gjensidige Forsikring ASA, Norway’s largest listed insurer, said it should be a haven for investors amid unprecedented global turbulence. “We have a very strong position in a very strong economy, the Norwegian economy,” Chief Executive Officer Helge Leiro Baastad said in an interview in Oslo Thursday. “Gjensidige, insurance, the Nordics. When the world is uncertain and there’s a lot ... Read More »

Empty shops blight Northern Ireland high street as summer washout hits trade

DUBLIN: The number of shoppers on the high street fell by 6.9% last month, according to today’s figures from retail analysts Springboard and the Northern Ireland Retail Consortium. Overall shopper numbers fell by 4.5%, although there was a small rise in business at out-of-town developments. Footfall activity in high streets and shopping centres “has moved in opposite directions”, the report’s ... Read More »

Turkey seeks to expand energy, transport, trade with Iran

TEHRAN: Turkmen Foreign Affairs Minister Rashid Meredov says his country seeks to expand and enhance energy and transport ties with Iran. Speaking to reporters on the sidelines of a seminar in Tehran on business and trade between Iran and Turkmenistan, Meredov said that the two countries have been cooperating on water and electricity, as well as transport projects, and the ... Read More »

Italy trade delegation to visit UAE soon

DUBAI: A large number of Italian companies will visit the UAE to meet local businessmen in order to discuss increasing trade in fast moving consumer goods (FMCG) sector between the two countries. The business community in the UAE will also be provided with the events calendar list slated to take place in the European country to take part in the trade ... Read More »

Dubai-China trade worth Dh47b in Q1 2015

DUBAI: China is well positioned as Dubai’s top trading partner, with bilateral trade volume valued at Dh47 billion in the first quarter of 2015, Director of Dubai Customs, Ahmed Mahboob Musabih, revealed following a business meeting with Consul General of China in Dubai, Li Lingbing. Dubai-China trade reached a record Dh175 billion in 2014. The two sides said they discussed ... Read More »

Finland’s trade sales fall by 2.7% in May 2015

HELSINKI: Retail trade sales decreased by 2.7 per cent in May 2015 year-on-year, according to Statistics Finland,  Sales declined by 3.6 per cent both in daily consumer goods trade and in department store trade. Over the same period, wholesale trade sales fell by 6.4 per cent and motor vehicle sales by 6.1 per cent. Sales decreased in total trade by ... Read More »

UK trade credit insurer Atradius sees 25% YOY rise in trading losses

DUBLIN: According to British trade credit insurer Atradius, the first half of 2015 saw a 25% year-on-year rise in trading losses among Irish firms linked with the UK building sector, as insolvencies there increase. Atradius protects firms from the risks of trading domestically and overseas. The company has paid out nearly €500,000 in claims in the last month. Since the ... Read More »