Search Results for: International business

KEITH NUTHALL
THE EUROPEAN Commission is considering new legislation that would make it compulsory for transport contracts to include clauses allowing hauliers to adjust their fees, if they are hit by sudden rises in the price of fuel. EU transport Commissioner Loyola de Palacio said that she was considering the idea as a priority response to the Commission’s recent transport White Paper.…

BY KEITH NUTHALL
THE INTERNATIONAL Monetary Fund has released the first of a series of studies of offshore finance centres, which will especially examine the operational and legislative precautions taken to fight money laundering. A report on Cyprus has just been published.…

BY KEITH NUTHALL
KNITTED clothing and textile manufacturing countries that are members of the World Trade Organisation have attacked the world’s major importers – the US, the EU, and Canada – for failing to even approach the liberalisation targets imposed by the WTO’s Agreement on Textiles and Clothing.…

BY SWINEETHA DIAS WICKRAMANAYAKE, in Columbo
AGREEMENT has been struck between the Japanese and Sri Lankan governments over funding for a SLRupees12 billion development project for the Bandaranaike International Airport (BIA), near Columbo, which was attacked by Tamil Tiger terrorists this summer.…

BY KEITH NUTHALL
CHINA is to abolish its laws requiring international oil companies to channel their crude and processed oil through state importers. The promise has been accepted as part of Beijing’s price for membership of the World Trade Organisation which was approved by the WTO’s China accession working party last month (September).…

Keith Nuthall
FURTHER details have emerged about the effect on the international automobile industry of China’s recently approved membership of the World Trade Organisation. According to an EU briefing paper obtained by just-auto.com, China has made significant steps to liberalise its auto trade, a statement that contrasts with the pessimistic tone of an earlier WTO paper, which said that tariff protection would remain high after it formally joins the trade body, probably next March.…

BY ALAN OSBORN
A POTENTIALLY vast new market for international insurers has been opened up in China following agreement by that country on the terms of its accession to the World Trade Organisation this week. “It will mean that this market, which accounts for more than a sixth of the world’s population and is set to be one of the largest economies in the world, will basically become open for insurers from other countries to set up branches and joint ventures on a steadily growing scale,” says John Cooke, head of international relations at the Association of British Insurers, in the key London insurance market.…

Keith Nuthall
URGENT action to boost airport security in the wake of the destruction of New York’s World Trade Centre has been ordered by the European Union Council of Ministers for transport.

In an emergency session held days after the tragedy, EU Member States agreed to implement “all the key measures in Document 30 of the European Civil Aviation Conference and said that even “these measures should be reviewed in the light of recent events.”…

BY MONICA DOBIE, in Montreal, Canada
FREDERICTON airport in New Brunswick, Canada has announced that it will undergo a CAN$2 million expansion and renovation project.

The 6,000 feet runway will be enlarged to 8,000 feet, enabling it to become an international airport, with larger passenger planes use the facility from the United States.…

KEITH NUTHALL
AN EAST Asia Ministerial Conference on Forest Law Enforcement and Governance has accepted an unprecedented declaration committing their countries to combat illegal logging, associated illegal trade, and other forest crimes. The comminique said that this was the first ever international commitment by governments to combat corruption in the forestry sector.…