According to Indian government officials and representatives of various Indian trade bodies, progress is very slow - and may even be getting slower after last weekend’s truce between the United States and China in their trade war. Both India and China have sought to rebuild trust after a armed standoff over a stretch of the Himalayan border last year. Indian Prime Minister Narendra Modi and Chinese President Xi Jinping have met a number of times this year to give impetus to the trade discussions. The latest was last week, when they met on the sidelines of the G20 meeting in Argentina. Indian and Chinese officials said after that meeting there was talk of Beijing increasing its soymeal, rapeseed meal, rice and sugar imports from India, while China would push for more Chinese exports of dairy products, apples and pears to India. India is also keen to increase its exports of drugs to China. In reality, though, getting such exchanges turned into deals is going to be a laborious … [Read more...] about Slow train to China: India’s trade ties with Beijing taking time to ripen
Nixon goes to china
Vietnam increases export of industrial, aquaculture products to China
Illustrative image (Source: VNA) HCM City (VNA) – Vietnam has seen a gradual increase in its proportion of industrial and agricultural, forestry, and aquatic products exported to China, and a reduction in its export of raw materials, fuels, and minerals, heard a forum in Ho Chi Minh City on December 5. The Vietnam-China economic and trade cooperation forum 2018 was held by the Vietnam Chamber of Commerce and Industry (VCCI) and the China Council for the Promotion of International Trade (CCPIT). China is now a major trading partner of Vietnam, while Vietnam is the eighth largest trade partner of China in the world. Their two-way trade in the first 10 months of 2018 reached 86.7 billion USD, up 13.6 percent over the same period in 2017. China has ran 2,041 investment projects with a combined registered capital of 12.78 billion USD in Vietnam to date, ranking seventh among the 129 countries and territories investing in Vietnam. Representatives from Vietnamese firms said … [Read more...] about Vietnam increases export of industrial, aquaculture products to China
US curbs nuclear exports to China
WASHINGTON — The United States said on Thursday that it will increasingly restrict civilian nuclear exports to China as President Donald Trump vowed a hard line on trade, bluntly warning not to think Americans are "stupid." The US Energy Department said it would make it more difficult to ship nuclear technology to China, one of the few growing markets for new plants as the Asian economy tries to meet rising electricity demand through low-carbon sources. "The United States cannot ignore the national security implications of China’s efforts to obtain nuclear technology outside of established processes of US-China civil nuclear cooperation," Energy Secretary Rick Perry said in a statement. The measures are the latest salvo in a widening US drive to pressure China, with the Trump administration recently slapping $250 billion in tariffs. The Energy Department said it would not end exports to China but would show greater scrutiny and that there "will be a presumption of … [Read more...] about US curbs nuclear exports to China
Seafood exports to China surge
Tra fish processing for exports (Photo: VNA) Hanoi (VNA) – China is projected to become Vietnam’s leading seafood importer from this year’s second quarter with growth of 37 percent, said Deputy Minister of Agriculture and Rural Development Tran Thanh Nam. Vietnam’s seafood export value to China rose to 1.28 billion USD in 2017, helping the country become Vietnam’s fourth biggest seafood importer and accounting for 15 percent of total import turnover. Nam revealed that the Ministry of Agriculture and Rural Development will soon hold a trade promotion event in the northern province of Quang Ninh with Chinese importers. The ministry will also pay working visits to China to address trade barriers for exports of Vietnam’s staples such as seafood, fruits and rice, among others. China is currently Vietnam’s biggest trade partner, while Vietnam is China’s largest trader in ASEAN. The US, Japan, China and the Republic of Korea were … [Read more...] about Seafood exports to China surge
Apple Samsung iPhone design copying case goes to jury
Jurors are set to return to a Silicon Valley courtroom on Monday (May 21) to put a price on patented iPhone design features copied by Samsung in a legal case dating back seven years. Apple-Samsung iPhone design copying case goes to jury, photo AFP Apple is seeking slightly more than a billion dollars in damages, while Samsung wants a figure closer to US$28 million. The jury has been asked to determine whether design features at issue in the case are worth all profit made from Samsung smartphones that copied them or whether those features are worth just a fraction because they are components. "Samsung isn't saying it isn't required to pay profits," Samsung attorney John Quinn said during closing arguments on Friday. "It is just saying it isn't required to pay profits on the whole phone." The three design patents in the case apply to the shape of the iPhone's black screen with rounded edges and a bezel, and the rows of colorful icons displayed. Samsung no longer sells the … [Read more...] about Apple Samsung iPhone design copying case goes to jury