Search Results for: China

BY SWINEETHA DIAS WICKRAMANAYAKA
MINERAL processing is set to resume in earnest at the Pulmoddai beach mine in northern Sri Lanka, because the ceasefire between the island’s government and the Tamil Tiger separatists has removed the threat of violent disruption to its operations.…

BY MARK ROWE
CAMBODIA’S increasingly stable political environment has led to an unexpected boom for the air industry in south-east Asia, with carriers moving quickly to increase the frequency of their routes to the country.

The main interest focuses on the ancient ruins of Angkor Wat, one of the great sights of Asia, with the Cambodian tourism authorities announcing a US$73million plan to redevelop Siem Reap airport near the temple ruins.…

BY KEITH NUTHALL
DEFINITIVE anti-dumping duties on imports into the European Union of the fragrance fixative coumarin that has been manufactured in China have been re-imposed by the EU Council of Ministers. It agreed that a rate of Euro 3,479 per tonne should be set, reflecting concerns that the high 50 per cent level of previous dumping leading to the old duties being erected, (in 1996), would be resumed if the tariffs lapsed.…

KEITH NUTHALL
JAPAN has been criticised by the Textile Monitoring Body of the World Trade Organisation for failing to establish new liberalised quotas for imports of Chinese silk yarn and fabric by the start of this financial year. In a paper issued at a recent meeting, the TMB said that it was “particularly concerned” at the omission, and said that in future it expected to be “informed by Japan as soon as possible on the timing of the annual consultations between Japan and China, as well as on the trade levels to be determined for both silk yarn and silk fabric for the Japanese fiscal year 2002.”…

BY KEITH NUTHALL
PRINTING equipment and supplies imported from the United States are to be a focus of retaliatory tariffs imposed by the European Union following the erection of controversial ‘safeguard’ duties by Washington to protect its steel industry.

The European Commission has announced that it is asking EU ministers to approve a selected range of products, where the levying of duty will cause the most pain to US exporters, in a bid to try and force the Bush administration to lift its tariffs.…

BY KEITH NUTHALL
CHINA has sought to allay fears that it is dragging its feet over the implementation of liberalisation commitments it made when it was admitted into the World Trade Organisation. It has released explanatory notes to the European Union and Canada, who have raised concerns over the opening of textile import quotas.…

BY KEITH NUTHALL
CHINA has sought to bury grumbling amongst its fellow World Trade Organisation member countries that it has been slow to implement pledges to liberalise quotas, by delivering on its promise to publish import quotas in April that fulfill its commitments under the Agreement on Textiles and Clothing and cover many knitted lines.…

BY KEITH NUTHALL
THE EUROPEAN Union has “expressed concern” and “disappointment” over China’s failure to met a January 1 deadline to establish low duty tariff quotas for imports of wheat, maize, rice, soybean oil, palm oil, rapeseed oil and sugar, under its WTO accession terms.…

BY MARK ROWE
Huntsman Corp, the world’s largest privately-held chemical firm, aims to start construction by mid-year of a US$1 billion complex in China that will dramatically increase its production of components for the car industry. The plant, pending approval from China’s ruling cabinet, will make 160,000 tonnes of crude methylene diisocyanate (MDI) and 130,000 tonnes of toluene diisocyanate (TDI) a year.…

BY MARK ROWE
CATHAY Pacific Airways and DHL International plan to start a dedicated regional express cargo joint-venture this year. Airlines including China Southern Airlines and China Eastern Airlines – for Shanghai-linked volumes – will fly to key business and feed cargo into Cathay’s international long-haul network.…