Month: February 2023

Feb 21

Reed Smith international lawyers, practices earn exclusive Chambers Global rankings

International law firm Reed Smith ranked Band 1 in seven practice categories, and eight of its lawyers earned Band 1 individual rankings in 10 categories, in the Chambers Global 2023 guide released today. The firm appeared for 55 practice areas; 53 of its lawyers were endorsed; it gained new entries in 11 practice categories; and its lawyers got new rankings in six categories. Reed Smith’s featured practices are concentrated on dispute resolution (including arbitration) and its lawyers have a high Read Full Details…

Feb 21

Balancing ASEAN’s Internal and External Economic Integration

While political crises dominate the bloc’s attention, Indonesia can use its chairmanship to advance and recalibrate ASEAN’s economic integration agenda. The theme for Indonesia’s chairmanship of the Association of Southeast Asian Nations (ASEAN) in 2023, “ASEAN Matters: Epicentrum of Growth,” aims to validate Southeast Asia’s status as an epicenter of economic growth. It also recognizes that maintaining economic growth necessitates ongoing efforts to internally integrate ASEAN’s ten economies and externally integrate them global partners. External integration has proceeded faster than Read Full Details…

Feb 21

Merchandise exporters to pay 18% GST on shipping costs: Govt

Merchandise exporters will have to cough up 18% goods and services tax, or GST, on the services of transportation of goods, a move that the industry says could lead to cash flow issues at a time when exports are declining. This follows a recommendation of the GST Council that the place of supply of transportation of goods must be determined on the location of the service receiver, rather than on the basis of destination of goods. Source : economictimes.indiatimes.com/news/ For Read Full Details…

Feb 21

Japan’s clothing imports up 21.6% to 308,847 mn yen in Jan 2023

Japan’s clothing and accessories imports increased by 21.6 per cent to 308,847 million yen (approximately $2,301.96 million) in January 2023, accounting for 3.1 per cent of the total imports of 10,047,783 million yen during the period under review, according to the provisional trade statistics released by the Far Eastern country’s ministry of finance.The imports of textile yarn and fabric were valued at 101,826 million yen in January 2023, a 5.6 per cent increase from the same period last year. Yarn Read Full Details…

Feb 20

Qatar lifts ban on frozen seafood from India

Qatar has lifted its temporary ban on the import of frozen seafood from India, paving the way for enhanced export and improved bilateral relations with the West Asian country. Qatar has lifted its temporary ban on the import of frozen seafood from India, paving the way for enhanced export and improved bilateral relations with the West Asian country, the Ministry of Commerce and Industry said in a statement. Source : currentaffairs.adda247.com/ For More Details

Feb 20

Minister of Economic Relations: The Law on Gas at the BiH Level will not be adopted

The Minister of Foreign Trade and Economic Relations in the Council of Ministers of Bosnia and Herzegovina (BiH), Stasa Kosarac, said that the recommendation of Denis Becirovic, a member of the BiH Presidency, on the drafting and adoption of the BiH Gas Law is absolutely unacceptable and represents a gross attack on the Republika Srpska (RS)‘s constitutional rights. ”I will not support such a proposal, because it represents a gross attack on the constitutional competences of the RS. The law Read Full Details…

Feb 20

China’s taking control of LNG as global demand booms

A rush by China to sign new long-term liquefied natural gas (LNG) deals promises to give the nation even more control over the global market at a time when competition for cargoes is booming. Chinese companies are sealing the most LNG purchase agreements of any nation and increasingly are becoming the sector’s key import intermediary. The Chinese buyers are reselling many of the cargoes to the highest bidders in Europe and Asia, effectively taking charge over a hefty chunk of Read Full Details…

Feb 20

Year-round dragon fruit from Vietnam enables global exports

Nguyen Quoc Duan is General Direct at Vietnamese dragon fruit growing and export company Song Nam ITD Co., Ltd.. The company is based in Ho Chi Min City, with its farms in Vietnam’s Binh Thuan region. Binh Thuan is famous for the production of dragon fruit, with over 50,000 hectares of dragon fruit farms. otal dragon fruit production is growing in Vietnam. Mr Duan comments about the industry trends: “Originally, dragon fruit was harvested once a year in Summer. Now Read Full Details…

Feb 20

Inner Mongolia companies seek business expansion in Middle East

A legion of enterprises from north China’s Inner Mongolia Autonomous Region will leave for the United Arab Emirates and Saudi Arabia to seek business opportunities and cooperation, the regional commerce department said on Sunday. Arranged by the local government, the trip will see 51 foreign trade companies bring local specialties and feature products covering 11 categories, including sunflower seeds, raw and cooked beef, lamb and tomato sauce, to expand their markets in the Middle Eastern countries. A series of activities Read Full Details…

Feb 20

Commercial Flower Power: How the Global Flower Trade Continues to Blossom

Roses are red, violets are blue… and the flower industry makes a lot of green. Chances are, you just picked up a beautiful bouquet for a very special someone earlier this week (or, better yet, a very special someone just picked up a bouquet for you). Along with heart-shaped chocolates and absurdly large teddy bears, Valentine’s Day is primetime for sweethearts to buy each other a dozen roses. The holiday is the floriculture industry’s super bowl, a day in which Read Full Details…