Topic “In the News News” — Exporter Magazine

HSBC economist Simon Williams told Gulf News that employment continues to be weak in the United States and in Europe while rising commodity prices erode disposable income and that’s a real threat to a recovery that looks fragile in most of the western world. According to GulfNews.com, consistent with what has been seen in the last decade, Indian demand for gold will be driven by savings and real income levels and not by price. The Fukushima plant, hit by the March 11 earthquake and tsunami, has contaminated soil, seawater and drinking water as it leaks radiation, prompting local and overseas consumers to seek safer food supplies. Governments worldwide have also curbed imports of Japanese foodstuffs. Exhibitors are given a special tag which they can attach to their product. A web portal is also created whereby the exhibitors must upload information in advance. Potential buyers get given their badges which they can scan information about the products they are interested in. According to the central bank’s latest report on the international financial market in 2010, banks made more than 500 billion yuan of cross-border RMB trade settlement in 2010, accounting for 2% of China’s total foreign trade value that year and about 48 times the amount in 2009. “Nansha is able to offer competitive terminal handling costs on top of high service levels,” said Maersk’s south China chief Soren Karas, adding that trucking an FEU to the Shekou, Chiwan or Yantian terminals on the eastern side of the Pearl in Shenzhen would be US$160 higher from Zhongshan than if the cargo went to Nansha. MAF spokesperson David Crowe said the little food New Zealand imports from Japan is mostly processed, such as sake, soy sauce, pickled ginger and wasabi.