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Author Archives: CT Report

Nigeria: Oyo customs generates over 13 billion in 2015

nigeriacustoms

ABUJA: The Nigeria Custom service, Oyo and Osun command revealed it has generated over N13billion between the months of January and November, 2015. The command had also made over three hundred million Naira in the said months. Briefing the pressmen at the command headquarters in Ibadan, the custom area commander, Abdulsalam Hazzan said the command will continue to build on ... Read More »

Ireland trade surplus rises by 29% in October: CSO

Ireland trade

DUBLIN: New preliminary figures from the Central Statistics Office show that seasonally adjusted exports rose by 17% to €10.299 billion in October compared to the previous month. The figures also show that seasonally adjusted imports increased by 10% to €5.871 billion. This resulted in an increase of €990m, or 29%, in the seasonally adjusted trade surplus to €4.428 billion in ... Read More »

Argentinian bank joins ADB trade finance programme

ADB trade finance programme

BUENOS AIRES: Banco Patagonia has joined the Asian Development Bank’s trade finance programme (TFP). Through the TFP, the Argentinian bank will receive guarantees covering payment risk from Asian banks backing trade transactions, supporting south-south trade. “I did a little research into Asian-Latin America bank-to-bank relationships and was really surprised to discover that outside of the People’s Republic of China, India, ... Read More »

WTO must deliver trade deals or change role: Kenya

WTO Kenya

NAIROBI: Ministers meeting this week should decide whether the World Trade Organization continues to negotiate major trade deals that have proved elusive or find it a more modest mandate, like arbitrating trade rows, the summit host Kenya said on the other day. The Geneva-based WTO, which has more than 160 members, has been trying and largely failing to agree on ... Read More »

Thailand authorities seize B100K of mislabelled cosmetics, food products

thailandauthorities

PHUKET: Cosmetics and food products valued at around B100,000 were seized in Wichit after the Consumer Protection Police discovered all the seized items were mislabelled. CPP Crime Suppression Chief Maj Phayom Pamoonkhetnil armed with a warrant of arrest from Phuket Provincial Court raided one of the island’s biggest cosmetic retailers after his department in Bangkok received several complaints from consumers ... Read More »

Philippines Senate passes customs modernization legislation

PhilippinesCustoms

MANILA: The proposed law which will modernize the Bureau of Customs (BoC) and the tariff system was approved on second reading at the Senate, closing off any individual or committee amendments to the bill tagged as a priority measure by the government and the business sector. Senate Bill No. 2968, otherwise known as the Customs Modernization and Tariff Act (CMTA), ... Read More »

Canada: Trimac announces asset purchase agreement

canadaTrimac

CALGARY: Trimac Transportation Ltd., has completed an Asset Purchase Agreement with Transport Rollex Ltée a division of Groupe Robert Inc., headquartered in Boucherville, Quebec. The Asset Purchase Agreement covers the purchase of 8 power units and 22 trailers as well as the assignment of a transportation agreement for the hauling of bulk liquid emulsions originating from a chemical plant in ... Read More »

American Airlines to fly between Los Angeles, Havana

airlines

American Airlines will begin this weekend direct charter flights between Los Angeles and Havana, said Cuba Travel Services (CTS). CTS announced last week a second weekly trip by JetBlue on Tuesdays, linking the cities of New York and Havana. The new CTS charter flight with American Airlines will take place on Saturdays on a Boeing 737-800. CTS currently manages flights ... Read More »

Mexico launches bidding for onshore oil fields

oil-auction

HOUSTON: Mexican regulators began opening the final bids for 25 onshore oil fields Tuesday, as the country pushes forward with a privatization intended to revitalize its energy sector. The onshore fields hold a smaller bounty of oil and represent less potential investment than some of the offshore fields presented in other auctions. But the bidding’s more accessible scale means that ... Read More »

Brazilian steel sheet imports fall 46% in November

brazilsteelsheet

SAO PAULO: Brazilian imports of carbon steel sheet products in November reached 39,154 mt, or 46% below the 72,491 mt imported in the same period last year, data from the foreign trade ministry showed in the other day. Imports of hot-rolled coil in the month were 6,653 mt, 13.2% above the 5,876 mt imported in November 2014. Cold-rolled imports dropped ... Read More »

Russia bans fish imports from Lithuania

russiafishimports

MOSCOW: Russia’s federal veterinary and phytosanitary supervisory authority, the Rosselkhoznadzor, has banned the import of third country fish products via Lithuania. Russia will not be allowing in any fish products from third countries that have been unloaded and stored in Lithuania. The only exception applies to products that have been transported through the territory of Lithuania but that have not ... Read More »

Iranian fruits may replace Turkish imports in Russian market

iranianfruits

TEHRAN: With the standing Russian ban on food and other imports from Turkey showing no signs of being lifted any time soon, Iranian producers are ready to move in and fill the void. In an interview with Sputnik Persian, Hedayat Asghari, the executive director of the Iranian Trade Association, outlined the prospects of replacing Turkish fruit, meat and fish with ... Read More »

India exports, imports drop in November

india export import

NEW DELHI: Contraction in exports continued for the 12th month in a row last month as outward shipments shrank 24.43 per cent to $20.01 billion amid a global demand slowdown. Imports too declined 30.26 per cent to $29.79 billion last month compared to November 2014. Fall in imports has an impact on the trade balance as deficit fell to $9.78 ... Read More »

US: DHL conducts training module of Automotive Logistics Academy

DHL Automotive Logistics Academy

DETROIT: DHL Global Forwarding conducted the third training module of its Corporate Automotive Logistics Academy 4.0 (CALA 4.0) in Detroit, Michigan on December 3, 2015, held for the first time in the United States but second time in the Americas. The modular training program CALA 4.0 is a platform for knowledge transfer and management developed in close cooperation with BVL ... Read More »

Watseka Chamber planning expo

Watseka_Chamber_c5

NEW YORK: Watseka Area Chamber of Commerce will hold its “Bordertown U.S.A. Business Expo” from 9 a.m. to 3 p.m. Saturday, March 12, at Watseka Community High School. Businesses can plan to showcase their firms at a discounted rate by reserving a booth by Jan. 1 by contacting Amanda Hibbs, Chamber executive director, at 815-432-24156 or at the office at ... Read More »

S.Korea’s KOSEP seeks 960,000 tons of coal

kosep

SEOUL: Korea South-East Power Co Ltd  is seeking 960,000 tonnes of steaming coal for shipment between February and May via two spot tenders, theutility said on its website. The tender will close at 11 a.m.(0200 GMT) on Dec. 21. Read More »

Yakima Chmaber holds meets, greet for new City Council

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YAKIMA: Last week the City of Yakima ushered in a new era, a new City Council was sworn into office.  The new council members won’t officially take on their new roles till the first of the year, but many of them are doing what they can to get out and meet the community. On Monday the Yakima Chamber of Commerce ... Read More »

Iron ore shipments decrease sharply in Nov 2015

iron ore import

WASHINGTON: Iron ore shipments on the Great Lakes continue their seasonal decline, with shipments down sharply in November. At nearly 5 million tons, November shipments of iron ore were 17 percent below those in November 2014. And when compared to November’s five-year average, shipments were down 12 percent, according to the Lake Carriers’ Association. A total of 4.2 million tons ... Read More »

SBP to continue its tradition of promoting SMEs: Qasim Nawaz

sbp

SIALKOT: Managing Director State Bank of Pakistan (SBP) Qasim Nawaz has said that the SBP will continue its tradition to promote the SMEs for boosting the national economy, saying that the SMEs Sector has been playing a backbone role in national economy as this sector not only employees tens of millions of workforce but also acts as impetus for the ... Read More »

Iran urges Russia to remove trade hurdles

Iran1

TEHRAN: Iranian President Hassan Rouhani has urged Russian President Vladimir Putin to intervene to facilitate exports of Iranian food to Russia, head of Iran’s Chamber of Commerce says. Russia’s leaders have cited Iran as a possible new source of supply after banning imports from Turkey but Mohsen Jalalpour said Iranian exporters face hurdles to access the Russian market. “After a ... Read More »