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Trade

Lactalis recalls tainted milk from 83 countries

Lactalis offers salmonella compensation, French govt says probe continues. A milk products sticker is seen on a building at the French dairy group Lactalis headquarters in Laval, western France, January 12, Reuters reported France welcomed dairy group Lactalis’ pledge to compensate victims of a Salmonella contamination in its baby milk on Sunday, but said a judicial investigation to determine who ... Read More »

Govt decides to lift ban on Hilsha export

Fisheries and Livestock Minister Narayan Chandra Chanda today said the government has decided to lift the ban on hilsa export, slapped nearly six years ago, to check the smuggling of the national fish. “Our hilsa production is increasing gradually and it has a demand in the international market. So we want to allow its export to some extent,” he told ... Read More »

Bangladesh loses Tk 7b for illegal handset import

The government is losing around Taka 700 crore duties every year due to illegal import, mainly through luggage, of unauthorized mobile phone sets. “The government has been losing huge amount of duties due to the sale of unauthorized mobile sets in the country. As per the rules of the government, everyone has to pay around 25 percent duties while importing ... Read More »

Dhaka Trade Fair attracts huge holiday crowd

Dhaka International Trade Fair (DITF), 2018 witnessed a significant influx of visitors on Friday, the first weekend of the month-long trade fair at Sher-e Bangla Nagar in the capital. As city dwellers took the opportunity of the holiday to visit the fair with friends and family, the 23rd DITF saw a handsome amount of rush of the visitors. Read More »

Trade multilateralism set back yet again

By Anis Chowdhury and Jomo Kwame Sundaram Sydney and Kuala Lumpur, Jan 3 (IPS) – As feared, the Eleventh Ministerial Conference (MC11) of the World Trade Organization (WTO) in Buenos Aires, Argentina, on 10-13 December 2017, ended in failure. It failed to even produce the customary ministerial declaration reiterating the centrality of the global trading system and the importance of ... Read More »

Hasina calles for finding new markets for BD products

Prime Minister Sheikh Hasina on Monday urged the businessmen to explore new markets, produce new products and maintain their quality to grab export opportunities in the competitive world market. “You (businessmen) to look for new countries, new markets and assess the demands in those markets. If we can do that we’ll be able to boost our business. We also need ... Read More »

Saudi Aramco to establish world-class maritime yard

Saudi Aramco has entered into a joint venture to establish, develop and operate a world-class maritime yard. The oil giant signed an agreement to work with Lamprell plc, the National Shipping Company of Saudi Arabia (Bahri), and Hyundai Heavy Industries Co Ltd – with an aim to provide one of the world’s largest maritime integrated service complexes. The project is ... Read More »

37 die in Philippines’ Davao mall fire

At least 37 people are feared to have died in a fire that ravaged a shopping mall in the southern Philippine city of Davao, local officials say. Firefighters battled for hours to extinguish the blaze that started on Saturday morning on the third floor and spread to the floor above, trapping employees of a call centre. Their chances of survival ... Read More »

Arming poor countries enriches rich nations

By Anis Chowdhury and Jomo Kwame Sundaram Sydney/Kuala Lumpur, Dec 14 (IPS) – Although the Cold War came to an end over a quarter century ago, international arms sales only declined temporarily at the end of the last century. Instead, the United States under President Trump is extending its arms superiority over the rest of the world. Read More »

OIC’s Istanbul summit: US Trade with the Muslim World

Tuesday, December 12 – The Organization of the Islamic Conference (OIC) will hold an extraordinary summit in Istanbul, Turkey, on Wednesday, December 13, 2017, to discuss the repercussions of the announcement of US President Donald Trump last week recognizing Jerusalem as the capital of Israel. Last Monday, the OIC appealed to its 57 member states to cut ties with any country ... Read More »

UAE implementing 5pc value added tax on Jan 1

The UAE’s Federal Tax Authority has announced a final list of products and services that will be subject to an impending 5 per cent value added tax rate on January 1. Other select goods and services will be zero-rated or exempt from the tax in areas including education, healthcare, oil and gas, transport and real estate. Certain government and non-profit ... Read More »

World food import bill set to rise this year, says FAO

Geneva (Kanaga Raja) – The cost of importing food globally is set to reach USD 1.413 trillion in 2017, representing a 6 percent or USD 86 billion rise from last year, the Food and Agriculture Organisation (FAO) of the United Nations has reported. In its latest Food Outlook report released this month, the FAO said that sharp increases in freight ... Read More »

Peasants not food corporations feed the world

The latest edition of a report from ETC Group “Who Will Feed Us?” is a synthesis of research over several years which produces critical, much needed information to guide decision-make much-needed and agriculture. The report states that it is the Peasant Food Web that has the diversity, resilience, and light footprint needed to successfully adapt to climate change. Read More »

From Gothenburg social summit to social union

On 17 November, the European Parliament, Council and Commission proclaimed a European Pillar of Social Rights in Gothenburg. The launch of the Pillar signals a cautious but steady paradigm shift, away from austerity, at least at the level of the Commission. But will it lead to tangible results? Read More »

Asia is leading a recovery in world trade

Asia and the Pacific is leading a recovery in world trade amid the continued uncertainty surrounding the global trade policy environment. This year’s Asian Economic Integration Report introduces a new composite index to gauge the progress of regional cooperation and integration (RCI) in Asia and the Pacific. RCI plays an important role in supporting economic growth and poverty reduction and ... Read More »

IPR of essential drugs: And use of compulsory licenses

Geneva, 2 Nov (Kanaga Raja) – Highlighting the use of compulsory licenses by countries such as the United States, Germany and most recently Malaysia in order to gain access to amongst others affordable essential medicines, several major developing countries including India, Brazil and South Africa have stressed the importance of a balanced intellectual property (IP) system with built-in flexibilities. Read More »

A Chinese model for foreign aid

Asit K. Biswas and Kris Hartley Singapore – Last month, the Bill & Melinda Gates Foundation released a status report tracking progress on the United Nations Sustainable Development Goals (SDGs). The data, which were meant to highlight efforts to eradicate extreme poverty and reduce premature deaths, was also intended to cajole. Countries can, and must, do more to address the ... Read More »