News — Exporter Magazine

  1. A high tech pipe profiling company that grew from Massey University’s ecentre has confirmed a multi-million dollar deal with a technology company in the United States.
  2. Homegrown winemaker Invivo Wines has built early success in its Japanese export market using strong in-store presence and its strategy of regular face-to-face meetings with consumers.
  3. A record surge in trade between Asia and Africa to as much as USD$1.5 trillion by 2020 is prompting companies including AP Moeller-Maersk A/S and Deutsche Post AG (DPW) to expand shipping links between the continents, according to Bloomberg.
  4. The US Senate will try to pass legislation in coming weeks aimed at forcing China to stop holding its currency below market value, according to Reuters.com.
  5. Compac Sorting Equipment, an Auckland-based technology exporter, has successfully tendered for a $US15m contract to design and develop a hi-tech sorting and packing line for the world’s largest citrus company, according to FreshPlaza.com.
  6. China’s trade surplus contracted sharply to USD$17.8 billion in August, down from $31.5 billion in July, as imports rose to a new record high, according to official data released yesterday, according to Gulf Daily News.
  7. The UAE government has joined hands with the Arab Federation for Food Industries and AR Group to roll out an ambitious initiative to support food security in the Arab world and address the famine in the African Horn, according to Trade Arabia News Service.
  8. LG Electronics, the world’s second-largest maker of flat-screen television, is in advanced talks with Sharp over buying liquid crystal displays (LCDs) from its Japanese rival to use in its large-sized TVs, ccording to Te Korea Times citing industry sources.
  9. thailand-8426015 New Zealand is making moves to update its legislation that will help cut compliance costs for businesses while cracking down on people who import and sell counterfeit goods.Commerce Minister Simon said the two bills, which make up the Trade Marks (International Treaties and Enforcement) Amendment Bill, are designed to cut compliance costs and make our trade marks system work better.
  10. battling-copycats-0000-8637688 The global consumer flexible packaging market is worth USD$58.3 billion in 2011 and is forecast to grow at a CAGR of 4.1% to reach $71.3 billion by 2016, according to the latest research from Pira International.
  11. Spanish company Stora Enso Mill has recently inaugurated a new beverage packaging recycling plant which processes used beverage carton from European countries.
  12. FedEx Express has opened its largest station in Shanghai which is one of the fastest growing economies in China, totalling US$207.89 billion in imports and exports, up 21% year on year, according to the Shipping Gazette.
  13. Stevia is increasingly becoming the leading sweetener choice, partly caused by the momentum in media attention, the potential of new markets, and its FDA GRAS status, according to “Sugar, Sugar Substitute, and Sweetener Trends in the US, 3rd Edition” released by US market research publisher Packaged Facts.
  14. Fonterra and United Kingdom-based dairy co-operative First Milk have announced a joint venture to produce whey proteins for Fonterra’s growing food ingredients business in Europe.
  15. keeping-maf-happy-key-takeaways-1995881 Coca Cola Co in mid August announced plans to invest USD$4 billion in China as food brands scramble to expand in its fast-growing consumer market, according to The Globe and Mail.
  16. New capacity coming on Asia-Europe trade lanes threatens to outpace demand while freight rates on east-west deteriorate unless smaller containerships withdraw, according to the Shipping Gazette.
  17. Changes to the Rules of Origin under the Australia New Zealand Closer Economic Relations Trade Agreement (CER), will reduce costs for exporters, according to ab an online report cby Fibre2Fashion, citing Customs Minister Maurice Williamson and Trade Minister Tim Groser.
  18. Fonterra Co-operative Group is proposing changes to the Raw Milk Regulations that will ensure processors supplying New Zealanders with dairy products get their fair share of regulated milk.
  19. China has appealed against a World Trade Organization (WTO) ruling that it illegally restricted exports of key raw materials, according to China Post, quoting the WTO.
  20. UK soft drinks producers have been accused of being “blatantly misleading”, in the way they market their products to children and their parents, according to a report by FoodManufacturer.co.uk.

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