Topic “In the News News” — Exporter Magazine

THE International Chamber of Commerce (ICC) has published revisions to its international commercial terms, also known as Incoterms, that will go into effect on January 1, according to the Shipping Gazette. China Rail has opened a new intermodal centre at Jiaozhou city to enhance the container services to and from the port of Qingdao and other harbours to the eastern Province of Shangdong, according to the Shipping Gazette. The report said Eastern Europe stood out as a region for the tea market. From 2004 until 2009 tea sales grew at a CAGR of 15.1 %, taking value sales up from €1980.5 million (NZD$3563 million) to €4003.4 million. The market is expected to continue on an upward path and reach €5050.4 million by 2014. Samsung is expected to announce shortly that it will offer its seven-inch tablet, the Galaxy Tab, to Australia’s Telstra customers on a plan at a vast reduction on the $1000 it retails at, competiting headon with Apple’s iPad. Cathay Pacific has concluded a purchase agreement with Airbus for the delivery of 30 new A350-900s for HK$60.8 billion (NZD$10.8 billion) with the first of the aircraft to be delivered in 2016, according to the Shipping Gazette. Marks and Spencer director of store development Richard Gillies told a recent conference in London that different feeding regimes meant New Zealand lamb was more “sustainable” than Welsh lamb. The opening of this Agricultural Trade Office on mainland China marks USDA’s expansion into the dynamic hub of northeast China and reflects the Administration’s National Export Initiative, which aims to double American exports in the next five years. Bred by Crown Research Institute Plant & Food, the new pear – or cultivar – is known for the time being as PremP109. And it is an apple pear, a term increasingly used in the US. It is a cross between a Chinese and a Japanese pear and it is hoped it will have strong consumer appeal in global fruit markets abroad.