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Customs & Trade
ASEAN to leapfrog as China’s top trade partner by 2015
Apr. 25 | The Association of Southeast Asian Nations (ASEAN) group will become China’s biggest trading partner by 2015, the China Council for the Promotion of International Trade said. The trade association said that trade between China and the ASEAN bloc is...
IMF: Rosier outlook for Asia at risk from fragile world economy
Apr. 23 | Economic activity in Asia has picked up in 2012 following last year’s slowdown, but the region’s prospects are being dimmed by the fragile global economy, says the International Monetary Fund (IMF). Asia’s economy is expected to grow at 6 percent...
Outlook for 2012 improving but still fragile—IMF
Apr. 18 | The global economy is slowly improving again, but growth is expected to be weak, especially in Europe, according to the International Monetary Fund’s latest forecast. The IMF in its most recent “World Economic Outlook” report released on...
Vietnam, US top alternatives to China for manufacturing goods
Apr. 16 | A survey of U.S. importers who sell to major American retailers report that they have moved, or plan to move, a portion of their manufacturing outside of China due to increased costs of raw materials and logistics, as well as the difficulties China-based...
WTO: Global trade faces further slowdown in 2012
Apr. 13 | World trade will slow down still further to 3.7 percent in 2012 after expanding by 5 percent in 2011, a sharp deceleration from the 2010 rebound of 13.8 percent, the World Trade Organization (WTO) projects. The global economic slowdown can be attributed...
Developing Asia to grow 6.9% in 2012 — ADB report
Apr. 11 | Weak global demand will slow down developing Asia in 2012, but growth rates in most developing economies remain robust and should tick back up in 2013, the Asian Development Bank (ADB) says in a new report. ADB’s flagship annual economic publication,...
New deputy sec-gen for ASEAN economic community assumes office
Apr. 11 | Dr. Lim Hong Hin (right) shakes hands with Dr. Surin Pitsuwan, secretary-general of Asean, at his oath-taking. The new deputy secretary-general (DSG) for the Asean Economic Community (AEC) took his oath of office on April 10, the Association of Southeast...
APEC confab pushes innovation-friendly environment to foster regional growth
Apr. 11 | Economies in the Asia-Pacific Economic Cooperation (APEC) region must continue to actively promote “innovation-friendly” policies and infrastructure to bolster their economic fortunes. This was the consensus reached by regional officials and industry...
Container lines propose new round of US-Asia rate adjustments
Apr. 10 | Oakland, CA / April 9, 2012 – Container shipping lines in the Westbound Transpacific Stabilization Agreement (WTSA) are recommending a further round of incremental rate increases to dry and selected refrigerated commodities, as part of a comprehensive...
