Topic “In the News News” — Exporter Magazine

The opening of the first Burger Fuel outlet in Dubai is the New Zealand company’s second Middle Eastern territory to be opened in 2010, the first being the hugely successful Al Khobar store in the Eastern province of Saudi Arabia. As of July 2010, in accordance with the most recently accepted documents, Russia, Belarus and Kazakhstan formally created a joint customs area, within which the majority of goods exchange are subject to the principles of free trade. Two of the new functional systems under Cargill’s Asian ingredients brand, Protex CF 6205 and Protex CF 6206, are intended for use in Mochi buns and donuts, Japanese delicacies traditionally made from pounded and shaped glutinous rice but which can also be made from rice flour. The US Justice Department said Singapore Airlines Cargo Pte Ltd engaged in a conspiracy to fix prices with a one-count felony charge filed in federal court accusing the company of helping to fix prices between 2002 and 2006. The agreement is a significant addition to New Zealand’s network of double tax agreements with key trading partners and is potentially valuable to businesses and investors from both here and Hong Kong. New Zealand horticultural produce exporters paid an estimated $235 million in tariffs to importing countries, an increase of 19% on the 2008 figure of $197 million. At the same time export earnings increased by 8%, according to a recent study.