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Tag Archives: Trade

Malaysia posts RM4.52 billion trade surplus in Feb 2015

KUALA LUMPUR: Malaysia registered the 208th consecutive month of trade surplus in February 2015, with a value of RM4.52 billion, the Ministry of International Trade and Industry (MITI) said. Trade for the month amounted to RM101.81 billion with exports and imports valued at RM53.17 billion and RM48.65 billion respectively, compared with RM58.91 billion and RM48.48 billion respectively in February 2014. ... Read More »

German companies seek to win billions of euros worth of business from Iran

BERLIN: German companies are hoping to win billions of euros worth of business from Iran after world powers reached a preliminary nuclear accord with Tehran, and Germany’s engineering body urged banks to revise their business policies towards Iran. The tentative agreement struck on Thursday opens the way for a settlement to allay Western fears that Iran could build an atomic ... Read More »

Thailand-Myanmar trade not affected due to low-intensity conflict in Kayin State

BANGKOK: A low-intensity conflict in areas of Kayin State has not reduced bilateral trade, with the latest Ministry of Commerce figures showing a recent upsurge in commerce with nearby Thailand. The trading gates including the Myawaddy crossing are periodically shut by either side. Most recently, The Bangkok Post last week said, Myanmar soldiers closed ports on the Moei river in ... Read More »

Jordan, India to strengthen ties as trade growth soars 15% in 2014

AMMAN: The Minister of state for commerce and industry Maha Ali and Jordanian counterpart Nirmala Sitharaman discussed about increasing cooperation in the areas of trade, industry, standards and specifications, tourism and transport at the 9th Joint Jordanian-Indian Committee session. Sitharaman, who was in Jordan earlier this week, added that the 15 % growth in bilateral trade in the past year ... Read More »

Zimbabwe registers $153 million increase in exports to EU

BRUSSELS: Zimbabwe has registered a nearly five-fold increase in exports to the European Union to $153 million, latest trade figures from the International Trade Centre have shown. The boost has been helped by diamond exports to Belgium and reengagement efforts between Harare and Brussels. While the country continuing to have a trade deficit with the EU, imports on the other ... Read More »

China to boost ties with Turkey to increase trade volume up to $100b

ANKARA: Qingwei Kong, the secretary of the Finance Committee of the ruling Communist Party of China – which is known as the key to investing in China – said that they are open to all kinds of collaboration with Turkey. Although Turkey has signed an agreement with China for national currencies to be used in trade, the trade volume in ... Read More »

China to boost ties with Turkey to increase trade volume up to $100b

ANKARA: Qingwei Kong, the secretary of the Finance Committee of the ruling Communist Party of China – which is known as the key to investing in China – said that they are open to all kinds of collaboration with Turkey. Although Turkey has signed an agreement with China for national currencies to be used in trade, the trade volume in ... Read More »

Exports touch 1.13tr euros: Germany trade surplus reaches 216.9 billion euros in 2014

BERLIN: Germany trade surplus reached 216.9 billion euros in 2014, soundly beating a previous record from 2007 of 195.3bn euros, the German Statistics Office reported. Total exports equalled e1.13 trillion as compared with imports valued at e916.6bn. The actual trade surplus is slightly lower than first estimates of e217bn. Further revisions of the numbers were expected throughout the year with ... Read More »

German trade surplus soars to record high of 216.9 billion euros in 2014

BERLIN: Germany’s controversial trade surplus reached a new high in 2014. Economists say the trend is continuing this year, as the weaker euro fuels Germany’s export machine, but not everyone is happy about it. Germany’s trade surplus hit a record level of 216.9 billion euros ($234 billion) last year, the Federal Statistics Office reported Monday in presenting slightly revised figures. ... Read More »

Qatar Sheikh Faisal bin Qassim, Belgium Minister sign pacts to bolster trade ties

BRUSSELS: Fresh efforts at bolstering economic and trade relations between Belgium and Qatar kicked-off on a high note as Belgium’s Princess Astrid, representative of the King of Belgium, met Emir H H Sheikh Tamim bin Hamad Al Thani, Prime Minister and Interior Minister H E Sheikh Abdullah bin Nasser bin Khalifa Al Thani and other ministers. Princess Astrid also held talks with ... Read More »

German trade surplus soars to record high of 216.9 billion euros in 2014

BERLIN: Germany’s controversial trade surplus reached a new high in 2014. Economists say the trend is continuing this year, as the weaker euro fuels Germany’s export machine, but not everyone is happy about it. Germany’s trade surplus hit a record level of 216.9 billion euros ($234 billion) last year, the Federal Statistics Office reported Monday in presenting slightly revised figures. ... Read More »

UK’s TradeLink Solutions seeks $3.7m through bond initiative for small hydro projects

LONDON: TradeLink Solutions (TLS) Energy Group, based in Hertfordshire, England, is attempting to increase its affect on the European small hydro market by seeking US$3.7 million in investments through a bond initiative backed by Triodos Bank N.V. Working in partnership with Triodos Bank N.V., TLS Energy Group subsidiary TLS Hydro Power Ltd., “will raise funds for use to finance the ... Read More »

€6 billion existing trade: 190 Italian companies visit Egypt to boost economic ties

ROME: Italian business mission is visiting Egypt with 190 groups. Of these 90 are companies, business unions and credit institutes, according to Italian news agency ANSAmed. Italy is the fifth state investing on the Egyptian market, with the 2014 trade exchange between the two countries valued at €6bn, according to a Ministry of Industry and Foreign Trade report. The Italian ... Read More »

Australia wants to enhance trade ties with Qatar

DOHA: Australia looks to further strengthen its trade relations with Qatar by introducing more Australian companies to the Qatari market and encourage them to invest in the country,” Australia Business Connect chairman Ray Najar has said. Najar, who was former national chairman of the Australian-Arab Chamber of Commerce and Industry, represented some 16 Australia-based companies specialising in agriculture, food, engineering ... Read More »

Australia wants to enhance trade ties with Qatar

DOHA: Australia looks to further strengthen its trade relations with Qatar by introducing more Australian companies to the Qatari market and encourage them to invest in the country,” Australia Business Connect chairman Ray Najar has said. Najar, who was former national chairman of the Australian-Arab Chamber of Commerce and Industry, represented some 16 Australia-based companies specialising in agriculture, food, engineering ... Read More »

Support FTA: Hong Kong seeks to expand trade partnership with Indonesia

HONG KONG: Hong Kong, the world’s 10th largest trading economy, is seeking to expand its partnership both in trade and services with the Indonesian private sector to support a free-trade agreement (FTA) currently under negotiation. As part of the plan, Hong Kong is set to carry out a mega-promotion project in Indonesia on Sept. 17, presenting more than a hundred ... Read More »

Bilateral trade between India, South Africa hit $11.15 billion in 2014

CAPE TOWN: The bilateral trade between India and South Africa is estimated at $11.15 billion in 2013-14, Agriculture Minister Radha Mohan Singh said. South African Agriculture Minister Senzeni Zokwana today called on Singh and discussed about the trade prospects between the two countries. Singh also requested Zokwana to increase the import of grapes, wheat, sugar and cotton from India which ... Read More »

Trade exchanges between Bahrain, Germany exceed $583 million

BERLIN: Trade exchanges between Bahrain and Germany have exceeded $583 million, according to figures released by the Central Informatics Organisation. Bahrain Chamber of Commerce and Industry (BCCI) second deputy chairman Jawad Al Hawaj cited the statistics as he attended a meeting at Beit Al Tijjar with a high-level German business delegation led by Federal Minister of Transport and Arab-German Chamber ... Read More »

Support FTA: Hong Kong seeks to expand trade partnership with Indonesia

HONG KONG: Hong Kong, the world’s 10th largest trading economy, is seeking to expand its partnership both in trade and services with the Indonesian private sector to support a free-trade agreement (FTA) currently under negotiation. As part of the plan, Hong Kong is set to carry out a mega-promotion project in Indonesia on Sept. 17, presenting more than a hundred ... Read More »

UK trade deficit narrows to £616m in January from 5-year high of £2.1b in December

LONDON: The UK trade deficit has narrowed to £616m in January from a five-year high of £2.1bn in December, latest figures from the Office for National Statistics revealed. Imports decreased by £2.5bn from December 2014, the largest monthly decrease since July 2006. The large decrease in imports was mainly due to a £1.3bn fall in the imports of fuels, specifically ... Read More »