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Latest in Trade


Kazakhstan officially admitted into WTO

Nearly two decades after it began negotiations to join the World Trade Organization (WTO), Kazakhstan has finally managed to overcome all stumbling blocks hindering its accession to the international trade body. The WTO's General Council on Monday formally approved Kazakhstan's bid to join the body, ending nearly two decades of membership talks the Geneva-based trade body had called among the…

Deutsche Welle

Hopeful trade indicators between Egypt and the US

By Amr Eleraqi According the American Chamber of Commerce’s most recent report, the volume of trade exchange between Egypt and US has declined by 9.2% during 2011, reaching $8.2 million. The drop represents about 4% of GDP and 4.3% of the volume of goods traded in the US. During 2011, non-petroleum exports were stable, but …

Daily News Egypt

Eurozone woes hit Singapore GDP in Q2

Singapore (AFP) — Singapore’s trade-driven economy contracted by 1.1 percent in the second quarter from the previous three-month period as debt woes dampened European demand, a government estimate showed Friday. The unexpected contraction, down from 9.4 percent growth in the preceding quarter, was largely due to an output drop in the biomedical manufacturing industry, the …

Daily News Egypt

Russia OKs historic WTO accession

Moscow (AFP)-Russia’s parliament on Tuesday voted to ratify WTO membership, a historic move which the government says will boost productivity but the opposition claims will bear a heavy social toll. The vote was the last major hurdle for Russia’s accession to the World Trade Organization as deputies from opposition parties presented a rare united front …

Daily News Egypt

Minister of Industry lays development roadmap for successor

By Abdelkader Ramadan In what seemed to be his political will to his successor in the new government, current Minister of Industry and Trade Mohamed Eissa proposed a number of projects which he hopes the Ministry would undertake. Eysa said in a statement that increasing production at the 1570 factories currently going through difficulties topped …

Daily News Egypt

Expectations of worldwide downturn in cotton production

By Inaam El-Adawy The Cotton Exporters’ Association predicts that worldwide cotton production will fall during the 2012-2013 season to 24.9 million tons. In a recent report, the Association attributed the decline in production to the fall of prices during the 2011- 2012 period, which will drive cotton farmers to reduce output this season. The study …

Daily News Egypt