Trade

Iranian Economy Minister Shamseddin Hosseini: India will maintain energy ties with Iran

September 1, 2012

“Iran held economic talks with some Arab members of the Non- Aligned Movement during a summit last week in Tehran, the capital.”

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Regulator: British Bank accused of scheming with Iran to conceal financial transactions

August 7, 2012

“About 60,000 transactions were involved between 2001 and 2007 and the bank faces losing its ability to trade in the US if the allegations are proven. “

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New Law bans British Ships from docking in Buenos Aires, Argentina

August 5, 2012

“The law is designed to hinder British ships involved in oil exploration in waters belonging to the islands and will be seen as the latest in a series of provocations in the run up to the 30th anniversary of the Falklands War.”

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President Obama announces another round of new sanctions against Iran

August 1, 2012

“President Obama has signed an executive order that imposes new sanctions on Iran’s energy and petrochemical sectors to prevent the country from getting around existing sanctions.”

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Iran’s biggest automobile company, Iran Khodro, coping with French car maker Peugeot’s decision to halt exports

July 29, 2012

“The decision appeared to be tied to Peugeot’s alliance with US group General Motors, and US sanctions pressure on Iran over its disputed nuclear activities.”

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Japan hits a record 2.9 trillion yen trade deficit in the first-half of 2012 due to energy shortages

July 28, 2012

“The world’s third-largest economy has averted economic crisis this year largely because of a spike in domestic demand, spurred by reconstruction of the earthquake- and tsunami-devastated northeast.”

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China appeals to the World Trade Organization in an anti-dumping case against U.S. steel

July 24, 2012

“China has appealed to the World Trade Organization to set aside a WTO panel report favoring the United States in an anti-dumping case involving U.S. steel product.”

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South African President Zuma: Africa’s unbalanced trade ties with China are “unsustainable”

July 22, 2012

“Two-way trade between China and Africa hit $166 billion last year, with a trade surplus in Africa’s favor due to exports of raw materials such as crude oil and copper. China is a major exporter of cheap manufactured goods to Africa, such as electronics and clothes.”

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China and African countries outline plans for future cooperation

July 22, 2012

“At the forum, China pledged African governments $20 billion in credit over the next three years, and Chinese president Hu Jintao said the money will support infrastructure, agriculture, manufacturing and growth of small businesses.”

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Iraq: Kurdish oil exports to Turkey by truck are illegal

July 17, 2012

“He said that the oil is the property of all Iraqis and that any exports and revenue collection should be organised by the central government.”

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Myanmar President U Thein Sein encourages U.S. business to return to Myanmar after a 25-year absence

July 13, 2012

“Across the region, most countries — with the Philippines as an exception — do more trade with China than with the United States.”

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U.S. files trade complaint against China at the World Trade Organization, accusing them of unfair import duties on American cars

July 8, 2012

“Some critics have contended that the administration’s bailout of the auto sector could leave U.S. products vulnerable to countervailing duties by international competitors claiming it amounted to an unfair subsidy.”

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Iran test-fires missiles one day after the European Union implemented its oil embargo against Iran

July 3, 2012

“The three days of war games in the north-central desert area of Semnan province, dubbed the Great Prophet 7, are aimed at testing the precision and efficiency of the Iranian Revolutionary Guard Corps’ warheads and missile system.”

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India & Myanmar exploring new initiatives for future bilateral ties and trade

May 29, 2012

“”We also hope to sign a number of agreements and MoUs to further strengthen our bilateral cooperation in these areas, besides promoting people-to-people contacts,” Singh said.”

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South African Trade and Industry Minister Rob Davies: We want products made in the Palestinian territories to be labeled “Made in Palestine”

May 22, 2012

“Products manufactured in the occupied Palestinian territories, and sold in South Africa, should be labelled to indicate their place of origin, Davies said, adding that the move should not be seen as an attempt to boycott Israeli goods.”

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