Topic “In the News News” — Exporter Magazine

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. 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. 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. 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. 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. 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. 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.