Reposted from The Jakarta Post
As of last year, Indonesia and Myanmar’s bilateral trade reached $465 million, increasing 7.98 percent from $430.7 million in 2011.
By Agnes Winarti
Despite the ongoing communal tensions in Myanmar, both Indonesia and Myanmar have reiterated their commitment to achieving US$1 billion in trade volume by 2016.
“We are able to review the state of our economic relations and trade, especially our efforts to achieve $1 billion trade value by 2016, as well as our promotion of investment and progress in capacity building,” Foreign Minister Marty Natalegawa told journalists after the third meeting of the joint commission for bilateral cooperation between the two countries on Wednesday. More…
Reposted from The Nation
By PETCHANET PRATRUANGKRAI
Thailand plans to double trade with Sri Lanka and Maldives by 2017 under closer economic cooperation arising from an upcoming trade mission.
Commerce Minister Boonsong Teriyapirom said Thailand would forge closer cooperation with these two South Asian countries under the Kingdom’s strategy to penetrate new markets. Prime Minister Yingluck Shinawatra will lead a team of representatives from government economic agencies and private enterprises to visit Sri Lanka and Maldives from tomorrow to Sunday. More…
Fiji and PNG recently signed an agreement to boost trade and investment in both their economies
Reposted from Fiji Broadcasting Corporation
By Mika Loga
Papua New Guinea’s Trade Minister Richard Maru has reaffirmed his government’s commitment to Fijian businesses wanting to set up in the country.
Maru says they want Fiji to assist PNG in developing its agriculture, manufacturing and tourism sectors. He says PNG’s GDP is set to grow in the next few years when the country starts selling liquid natural gas overseas. More…
Fiji is New Zealand’s largest export partner in the Pacific
Reposted from Islands Business
New Zealand companies injected $342million (US$191 million) into the local economy from 2005 to 2010, adding mileage to its third spot ranking as one of Fiji’s top five investors behind China and Australia.
Speaking at the Fiji-New Zealand trade and investment mission seminar at the Tanoa Plaza in Suva yesterday, Ministry of Industry and Trade permanent secretary Shaheen Ali said New Zealand had a long and positive history of trade with Fiji, noting more than $287 million (US$160 million) worth of exports were traded to Fiji. More…
The IFC is launching a program to help improve the country’s investment and trade environment
Reposted from 2Merkato
By Meraf Leykun
The International Finance Corporation (IFC), member of the World Bank Group is to cooperate with the Ethiopian Ministry of Trade (MoT) and Ethiopian Revenue and Customs Authority (ERCA) to help improve the country’s investment and trade environment.
The Ministry of Trade will launch an electronic business licensing and trade registration system shortly, while Ethiopian Revenue and Customs Authority will consider to revise its laws. More…
Chinese companies are building a $2.8 billion electrified railway from Ethiopia to Djibouti port, one of the first electric trains in East Africa
Reposted from Business Insider
By Jenny Vaughan
Camels rather than locomotives lumber over the railway tracks in this remote desert, famously traversed by storied French adventurers Arthur Rimbaud and Henry de Monfreid in the early 20th century.
The old French-built railway that connected Addis Ababa, the capital of landlocked Ethiopia, to the Red Sea port of Djibouti, is now being replaced by a Chinese-built electrified railway, a bold project that seeks to boost Ethiopia’s commercial exports. More…
Reposted from Ventures Africa
Ethiopia is working to gain accession to the WTO by 2014
Ethiopia may be eligible to join the World Trade Organisation (WTO) by 2014, according to officials at the organisation.
The announcement that the country may be able to join the WTO within the next two years was made by Pascal Lamy, out-going Director General of the organisation while visiting Ethiopia to hold talks on the potential WTO membership. More…
Turkey plans to invest in capital projects in Fiji
Reposted from The Fiji Times Online
By Sherita Sharma
Fiji has the support of the Turkish government in key areas of trade, development and international co-operation, says the Turkish ambassador Atilay Ersan. More…
Resposted from The Phnom Penh Post
By Anne Renzenbrink
Cambodia’s exports grew by 13.5 per cent annually and imports by 12.3 per cent between 2000 and 2009
The Asian Development Bank (ADB) and the OPEC Fund for International Development have signed an agreement to support trade in emerging Asian countries under the ADB’s Trade Finance Program, according to a news release. More…
Ethiopia’s Mesfin Engineering expects to build cars for China’s Geely within 5 years
Reposted from Bloomberg Businessweek
By William Davison
Ethiopia’s Mesfin Industrial Engineering Plc, a company linked to the ruling party, expects to build cars for China’s Geely Automobile Holdings Ltd. (175) within five years, General Manager Habte Hadish said.
Mesfin Engineering, which is based in Mekele, 504 kilometers (313 miles) north of the capital, Addis Ababa, is now assembling six cars a day for Geely and wants to move into full production, he said. More…