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China-Built Pakistani Port Begins Handling Afghan Transit Trade

Pakistan’s newly opened southwestern Gwadar seaport has begun handling transit cargo headed to and from landlocked Afghanistan, marking a significant outcome of Islamabad’s multi-billion-dollar collaboration with China. Kabul traditionally has relied on Pakistani overland routes and the two main southern seaports of Karachi and Port Qasim for international trade under a bilateral deal with Islamabad, known as the Afghan Transit Trade ...

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China Says 2019 Exports Rose 0.5%

China’s 2019 exports rose 0.5% in U.S. dollar terms, though total trade for the year declined slightly. According to Vice Minister of General Administration of Customs Zou Zhiwu, the phase 1 deal between Washington and Beijing will see China increase imports from the United States but won’t affect China’s imports from other countries. This deal will be signed soon, marking a significant de-escalation but ...

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U.S. and U.K. Eager To Strike Bilateral Free Trade Agreement

Trump and U.K. Prime Minister Boris Johnson are eager to strike a bilateral free trade agreement after Britain leaves the EU on Jan. 31, but getting there ‘will be a lot more complex’ than either side thinks, former U.S. trade negotiator Wendy Cutler said. “It’s going to take the EU and the U.K. a year to figure out what their relationship ...

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Iran’s Exports Exceed $32.5bn

Iran exported goods worth $32.5 billion in the period between January and September in 2019, deputy minister of industry, mine and trade for commercial affairs of Iran Hossein Modarres-Khiabani has said. In an address to the working group for promoting Southern Khorasan province’s exports, Khiabani also said that removing obstacles in the way of exporters is among the government’s priorities. Iran’s trade ...

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Rail Corridor Between Iran And Afghanistan To Boost Trade

A major railway connecting Iran and neighboring Afghanistan will be ready in March as construction of a key cross-border line is nearing completion. Iran has almost finished its part of the Khaf-Herat railway, which runs 139 kilometers in three sections straddling the border between the two countries. Once finished, the railway would hugely boost trade between Iran and Afghanistan, a country which has ...

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China’s Border Trade With Pakistan On The Rise

With the construction of the China-Pakistan Economic Corridor (CPEC) and Pakistan’s domestic economic growth, the trade volume surged this year at a major border port between China and Pakistan. Cargo import and export reached 66,600 tonnes in the first 11 months at Khunjerab Pass in northwest China’s Xinjiang Uygur Autonomous Region, up 46.8 percent from the same period last year. Trade volume increased by 1.4 times to 5.99 billion yuan (around 856.3 million U.S. dollars) ...

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Cambodia’s Sixth Trade Centre In Kunming

The sixth Cambodian trade centre was recently inaugurated in Yunnan province, China. The centre will facilitate trade promotion of Cambodia in the world’s second-largest economy. This centre in Kunming city and other trade centres that were already opened will contribute in promoting cooperation between Cambodia and China, particularly boosting bilateral trade between the two countries. There are six Cambodian trade centres in China: in Kunming, Guangzhou, Hainan, ...

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China To Reduce Import Levies On Pakistan’s Goods From 2020

China has announced to reduce taxes on goods imported from Pakistan alongside 22 other countries, from January next year, the finance ministry announced. As per the statement, goods from countries including Pakistan, New Zealand, Peru, Costa Rica, Switzerland, Iceland, Australia, South Korea, will also be subject to even lower levies under re-negotiated bilateral trade agreements. It further said that from July ...

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India, Iran Agree To Speed Up Work On Chabahar

India and Iran recently agreed to accelerate work on the strategic Chabahar project as External Affairs Minister S Jaishankar held wide-ranging talks with his Iranian counterpart Javad Zarif on regional and global issues of mutual interest. The Chabahar port — jointly being developed by India, Iran and Afghanistan — is considered a gateway to golden opportunities for trade with central Asian nations ...

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China, Japan and South Korea trade Chiefs Vow To Accelerate FTA Talks

The trade ministers of China, Japan and South Korea pledged to step up their negotiations on a trilateral free trade agreement and a wider Asia-Pacific deal. Chinese Commerce Minister Zhong Shan, Ministry of Economy, Trade and Industry Hiroshi Kajiyama and South Korean Industry Minister Sung Yun-mo met in Beijing ahead of a trilateral summit involving the leaders of the three countries recently ...

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