International Trade

Singapore-Sri Lanka FTA has been in effect since May 1st – Malik

The Singapore- Sri Lanka Free Trade Agreement (SLSFTA) is currently in effect says Minister of Development Strategies and International Trade Malik Samarawickrama. Minister made this statement today (18), addressing the media following an event. He said that the agreement was in force from the 1st of May this year and the it is being implemented with under the consultancy of the Attorney General. !function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n; n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=[];t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window, document,’script’,’//connect.facebook.net/en_US/fbevents.js’); fbq(‘init’, ‘1534842333510611’); fbq(‘track’, “PageView”); (function(d, s, id) { var js, fjs =…

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Ministry seeks stakeholder comments on the draft paper of the Trade Adjustment Programme

* Ministry seeks stakeholder comments on the draft paper of the Trade Adjustment Programme Sat, Aug 18, 2018, 10:46 am SL Time, ColomboPage News Desk, Sri Lanka. Aug 18, Colombo: To mitigate the potential negative impacts of trade liberalization, the Development Strategies and International Trade Ministry is planning to implement a Trade Adjustment Programme, which aims to safeguard the welfare of workers improve the competitiveness of firms. The Ministry on Wednesday published a draft paper of the Trade Adjustment Programme…

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Huawei’s Nova Academy is Back in Cebu – Metro Cebu News

On its fifth year, Accenture’s Program the Future competition poses a new challenge to the brightest minds from Philippine colleges and universities — to design and build a technology solution with “Tech4Good” in mind — applying innovative technologies and digital solutions for social transformation by helping solve critical challenges faced by business and society today. During the Semi-Final eliminations round, Accenture has chosen the top five (5) semifinalists in Cebu to compete in the final round with other teams in…

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– South Africa Licenses Leopard Hunting

  By Janine Avery PRETORIA, South Africa, August 17, 2018 (ENS) – South Africa has opened hunting season on leopards after two years of grace. The Department of Environmental Affairs has given permission to shoot two leopards in KwaZulu Natal and five in the Limpopo Province. The leopards must be males of seven years or older. This decision comes after a zero quota during 2016 and 2017 and is the result of a determination by the Scientific Authority that leopard…

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Getting personal: U.S., Turkish leaders feud over arrest of American pastor

A detained American pastor has become a symbol of a growing rift between Turkey and the United States, but problems in the Cold War-era alliance as well as Turkey’s own financial crisis are unlikely to dissipate even if he is released and Washington eases economic penalties. The fate of Andrew Brunson, charged with terror offenses by a Turkish court, also overshadows the predicament of a Turkish-American scientist from NASA and several Turkish workers for the U.S. diplomatic mission who were…

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. Latest Sri Lanka News

SLSFTA won’t be suspended: Malik under fire over receives SLFP backing The SLFP yesterday threw its weight behind Development Strategies and International Trade Minister Malik Samarawickrema, now under heavy fire over Sri Lanka-Singapore Free Trade Agreement (SLSFTA) finalized in January this year. SLFP Vice President and party spokesman Mahinda Samarasinghe strongly denied Samarawickrema having done anything underhand to facilitate the SLSFTA. Samarasinghe told the media not to propagate lies and single out Cabinet colleague Samarawickrema. The former UNP Chairman signed…

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More SC businesses could close due to tariffs, chamber warns

Element Electronics is the first South Carolina factory to say it will close in response to President Donald Trump’s tariffs; the S.C. Chamber of Commerce warns it likely won’t be the last. Based on conversations with companies in the state’s business community, S.C. Chamber president and chief executive Ted Pitts told McClatchy Friday he expects more local manufacturers to announce closures or layoffs in the coming weeks. “I think we’re going to hear about more manufacturing operations in South Carolina…

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Dr M to open new chapter in Malaysia-China ties, ambassador says | Malaysia

Mahathir is scheduled to meet President Xi Jinping, Prime Minister Li Keqiang, Chinese investors and the business community and the Malaysian diaspora during his visit. ― Picture by Razak Ghazali HANGZHOU, Aug 17 — Tun Dr Mahathir Mohamad will fly into this city later today to begin a five-day official visit to China to open a new chapter to further enhance Kuala Lumpur-Beijing ties. Malaysian Ambassador to China Datuk Zainuddin Yahya said Chinese leaders were excited to welcome the Malaysian…

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Missouri nail company cites Trump’s tariffs for additional layoffs

Mid Continent Nail Corporation in southeast Missouri’s Poplar Bluff has laid off about 160 workers since President Trump’s tariffs on steel and aluminum imports began on June 1. The company now employs fewer than 340 workers, down from about 500 before the tariffs took effect. Temporary workers have been let go and some permanent workers have left for other jobs and have not been replaced. Photo courtesy of Mid Continent Nail Corp. “Our company is in trouble, but a solution…

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Buying online? Make sure it’s only three items, or Sars will call you an importer

Mike Hibbert is one of them. He currently has two packages‚ both personal-use items‚ “stuck” at customs in Cape Town. It was when he contacted the couriers — UPS and Aramex — to query the non-delivery that he discovered the “more than three imports and you need to apply for an importer’s code” rule. “I pay my import duties against my ID‚ allowing Sars to track what I’m ‘importing’ and the customs duty and VAT I’m paying on it —…

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Chinese economy maintains steady growth

Economic Growth The Chinese economy has maintained steady growth with good momentum despite a complicated domestic and external environment, a senior government official said. Ning Jizhe, deputy head of the National Development and Reform Commission and also head of the National Bureau of Statistics, made the remarks when responding to questions about China’s economy. “Based on key indicators that measure macro-economy, China’s economy presents a distinctive feature of stability,” said Ning, noting that China is confident and capable of overcoming…

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Markets know better than bureaucrats what society needs

By GEORGE F. WILL WASHINGTON — Governments, seemingly eager to supply their critics with ammunition, constantly validate historian Robert Conquest: The behavior of any bureaucratic organization can best be understood by assuming that it is controlled by a secret cabal of its enemies. Consider North Carolina’s intervention in the medical-devices market. Born in India, Dr. Gajendra Singh is an American citizen and a surgeon in Winston-Salem who wants to supply something useful for which there is a strong demand. North…

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Trade mark clock counts down to Brexit

Brands matter in the highly competitive food and drink market. Mike Vettese and Alain Godement look at how to make sure they are protected. Brexit is coming and many of our household food and drink brands could soon be feeling the impacts in one particular area – trade marks. Of particular concern to trade mark holders in the food and drink sector is the latest version (March 2018) of the Draft Withdrawal Agreement (DWA) for leaving the European Union (EU)…

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NAFTA deal with Mexico, not Canada

President Donald Trump, accompanied by Secretary of State Mike Pompeo, left, attends a cabinet meeting in the Cabinet Room of the White House, Thursday, Aug. 16, 2018, in Washington. (AP Photo/Andrew Harnik) WASHINGTON – The Trump administration is close to striking a deal with Mexico on a revamped North American Free Trade Agreement, analysts said, but thorny issues are yet to be resolved with Canada, the third party in the trilateral pact. Reaching an agreement with Mexico would mark a…

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Missouri U.S. Senate candidates have sharp differences on trade war

An issue that’s front and center in the Missouri U.S. Senate race is the trade war, especially given that agriculture is estimated to be an $88.4 billion industry in the state. The tariffs have hit commodities such as soybeans, which have dropped in value by 20% since the Trump administration carried out trade sanctions against China. Various manufacturers in the state have also been hit hard.  Mid Continent Nail Corporation in Poplar Bluff has been devastated by a 25% tariff…

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In defence of Palm Oil – Palm Voices

MALAYSIA is a country that is built for business and trade. We are relatively small geographically and in population terms, but we have a dynamic economy, a skilled and educated workforce, and we are situated at the crossroads of strategically important trading routes. It is therefore natural that Malaysia’s trade, as a percentage of GDP, is 133% – compared with a global average of just 56%. As Malaysia’s business leaders look around the world, it is clear that there is…

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