trade

Georgian wine in, Moldavian wine out 0

tbilisiwineSource: The Messenger

While Georgian wine has returned to the Russian market, a ban was announced for Moldavian wines. The Moldavian wine held around 10-12% of the Russian market, so, presumably, Georgia will take this segment of the Russian wine market. More…

Coal export income decreased by 45 percent 0

coalSource: news.mn

The trade deficit has fallen to 1.5 billion according to the National Statistical Office of Mongolia.

As estimated, total export turnovers reached 6.9 billion US dollars in the first 8 months but fell to 7.6 percent compared to the same period of last year. More…

Central Asia: China flexes political and economic muscle 0

chinacentralasiaSource: EurasiaNet

Chinese President Xi Jinping is wrapping up a 10-day tour through Central Asia, having vacuumed up energy resources while digging into Beijing’s deep pockets to dispense largess and generate goodwill. More…

Chinese, Mongolian presidents meet on promoting cooperation 0

Chinese President Xi Jinping (R) shakes hands with Mongolian President Tsakhia Elbegdorj during their meeting in Bishkek, KyrgyzstanSource: Xinhua

Chinese President Xi Jinping met with Mongolian President Tsakhia Elbegdorj here on Thursday and both leaders agreed to promote bilateral cooperation.

Xi said China, following the win-win principle, will strengthen its economic and trade cooperation with Mongolia in the three major areas of mineral resources exploitation, infrastructure construction and financial cooperation. More…

Cracks in the economy: Reserves get breathing space as trade deficit contracts 0

topics-subPAKISTANmapSource: The Express Tribune

Pakistan’s trade deficit contracted marginally to $3.3 billion in the first two months of the fiscal year 2013-14 as exports outpaced the anaemic growth in imports – reducing the pressure on precious foreign currency reserves, but underlining deep structural weaknesses of the overall economy. More…

Bangladesh’s export rises about 15 pct in Jul-Aug 0

Clothing made in Bangladesh is shown after purchase from a Walmart store in CaliforniaSource: Xinhua

Bangladesh’s export income in the first two months of the current 2013-14 fiscal year (July 2013 to June 2014) surged about 15 percent to over $5 billion with readymade garments as the key performer, an official said Wednesday.

The Export Promotion Bureau (EPB) official, who preferred to be unnamed, told Xinhua that the South Asian country earned a total of $5,037.73 million from export during July-August compared to $4,390.56 million in the same period a year earlier. More…

Businesses urge Myanmar to ease border trade rules 0

MyanmarSource: Mizzima

Thai businessmen have called on the Myanmar government to relax border control rules affecting trade with Thailand.

They were referring to the export of Thai products through Ban Pu Nam Ron temporary checkpoint in Kanchanaburi via the Htee Ki border checkpoint in Myanmar’s Tanintharyi Division. More…

China now world’s third largest investor behind US and Japan 0

Chinese Yuan and US DollarsSource: The Times of India

China has emerged as the world’s third largest investor as foreign direct investment (FDI) from the communist giant jumped by 17.6 per cent last year defying a global pattern.

China’s outbound FDI rose 17.6 per cent year-on-year in 2012 to a record high of $87.8 billion, according to the 2012 Statistical Bulletin of China’s Outward Foreign Direct Investment (ODI) by the ministry of commerce. More…

July exports up by 2.3% 0

PortSource: Philstar

The country’s merchandise exports increased by 2.3 percent to $4.836 billion in July 2013, up from the $4.727 billion posted in the same period last year, the National Statistics Office reported on Tuesday.

Machinery and transport equipment, woodcrafts and furniture, chemicals, electronic products, and cathodes and sections of cathodes of refine copper supported the country’s exports, which grew by 7.7 percent from the $4.49 billion posted in June 2013. More…

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