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Japanese Trade Stocks Surge Amidst Speculations Of U.S-China Trade Deal

Japanese stocks witnessed a significant increase as investors speculated the closure of phase one trade deal between U.S. and China. Reports state that The White House agreed to do away with tariffs on Chinese exports, which is likely to come into effect soon. Amidst trade optimism, Japanese Yen and Australian dollar traded high.

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Pakistan And Russia To Enhance Trade Relations

Russia plans to support Pakistan’s economy in different fields through joint collaborations. One of the industries on the agenda for revival is Pakistan’s steel mills, which has the capacity to produce more than a million tonnes of iron and steel foundries apart from the aircraft sector. Russia and Pakistan had agreed to increase volume of bilateral trade from the present ...

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Nepal Receives Aid From China For Projects

With the endeavour to strengthen trade ties, Nepal stands to receive 492 million dollars as from China. This will assist Nepal in different initiatives related to growth and development. The amount will be dispersed to Nepal over the next two years.  Bilateral trade between Nepal and China witnessed significant improvement owing to opening of Tatopani-Zhangmu this year. The border was ...

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SAARC: Best Platform to Promote Economic Cooperation and Prosperity

The South Asian Association for Regional Cooperation (SAARC) remains the best way to promote regional integration, prosperity, peace and economic cooperation. This was stated by the Maldives Ambassador Ahmed Saleem recently while addressing a seminar organized by the SAARC Chamber of Commerce and Industry (SAARC). The ambassador highlighted that the SAARC charter calls for the welfare of people living in ...

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Vietnamese, Chongqing Firms Explore Business Opportunities

A meeting was held in Hanoi recently for businesses from Vietnam and China’s Chongqing province to discuss investment opportunities in the fields of refrigeration mechanics, motorbike manufacturing, electronics and metallurgy. Speaking at the event, Vice Chairman of the Vietnam Association of Foreign-Invested Enterprises Nguyen Van Toan said two-way trade between Vietnam and China topped 106 billion USD last year. Vietnam ...

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Vietnam Considers Tariff Cuts On American Agriculture Products

Vietnam is considering cutting tariffs on several American products, the Ministry of Finance said in a statement recently, after U.S. Commerce Secretary Wilbur Ross urged Vietnam to reduce its trade surplus during a visit to Hanoi last month. Tariffs on chicken and processed chicken meat, almonds, grapes, wheat, pork, and potatoes are all earmarked for reductions; in order to re-balance ...

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China Exports Fall Again As US Trade War Continues

China’s exports fell in November as shipments to the US slowed sharply, adding to concerns about the effects of the two nations’ trade war. November exports from the world’s second largest economy fell 1.1% from a year earlier, the fourth straight fall. Exports to the US were down 23%, the worst such result since February and the twelfth monthly decline ...

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Asia Stocks Fall As Trump Delays Trade Deal With China

U.S President Donald Trump said the trade deal with China may be delayed. As a result, stocks in Asia traded low. Australian shares, which experienced a growth in its economy in September, also experienced losses in major markets. Similarly Japan, South Korea and Mainland Chinese stocks tumbled down marginally. Investors were anticipating a breakthrough in the trade deal between China and ...

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Vietnam Benefits From US-China Trade War

Vietnam has seen an influx of economic activity as companies seek to avoid tariffs on Chinese imports. U.S. companies that do business overseas are looking to diversify their business because of uncertainty about the U.S. relationship with China. Vietnam’s exports to the United States were 35% higher in the first nine months of 2019 compared to the first nine months ...

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India Committed Towards The Development Of Iran’s Chabahar Port

Afghanistan Ambassador to Tehran Abdul Ghafoor Liwal says his country plans to increase commodity transit through Iranian Chabahar Port. Liwal made the remarks in a meeting with the Chairman of the Board of Chabahar Free Trade–Industrial Zone Organization Abdolrahim Kordi. According to the official, following the country’s plans for boosting trade in Chabahar, setting up an Afghan bank branch in ...

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