LIBBY

KSA, US identify new areas of cooperation

Riyadh - Arab Today

The Kingdom and the US have identified new areas of cooperation under the Saudi-American Trade and Investment Framework Agreement (TIFA) at a meeting held between the two parties at the Ministry of Commerce and Investment (MCI). The TIFA held its fifth session at MCI headquarters on Wednesday in which government authorities and business people discussed boosting trade and investment cooperation.Read more

Foreign Direct Investment's Inflow into China Rises 4.2% in Jan-Oct

Beijing - QNA

Foreign direct investment (FDI) into the Chinese mainland rose 4.2% year on year to reach 666.3 billion yuan (around 98 billion US dollars) in the first ten months of the year, official data showed Thursday. The growth rate is unchanged from the January-September period, according to the Ministry of Commerce. The service industry continued to attract massive foreign investmentRead more

Oman hosts UNCTAD training course

Muscat - Arab Today

The 35th Regional Course on Key Issues on the International Economic Agenda organized by the Ministry of Commerce and Industry in collaboration with United Nations Conference on Trade and Development (UNCTAD) kicked off in the Omani capital on Monday. The course will run for three weeks. Mohsen bin Khamis al Balushi, advisor at the Ministry of Commerce and Industry saidRead more

Myanmar's foreign trade drops slightly in nearly six months of FY 2016-17

Yangon - XINHUA

Myanmar's foreign trade through normal and border sectors was down by over 400 million U.S. dollars in nearly six months of the fiscal year 2016-2017 as of Sept. 23, according to the figures of the Ministry of Commerce on Monday. The total trade value of the six-month period reached 12.40 billion U.S. dollars, down from the same period of theRead more

China sees record-high direct investment in US in 2015

Beijing - XINHUA

China's direct investment in the United States reached a record high of 8 billion U.S. dollars in 2015 as Chinese firms continued to expand overseas. Investment in the United States accounted for 5.5 percent of China's total outbound direct investment (ODI), with the manufacturing sector attracting the most capital, according to a report by the Ministry of Commerce, the NationalRead more

China active contributor to world trade growth: MOC

Beijing - XINHUA

China has been an active contributor to global trade growth but a major victim of rising protectionism, the Ministry of Commerce (MOC) said Saturday in response to a WTO report. The World Trade Organization report released on Tuesday brought down the global cargo trade growth projection in 2016 from 2.8 percent to 1.7 percent, citing slower economic and trade growthRead more

China expresses concern over Thai investigation into Chinese steel

Beijing - XINHUA

China's Ministry of Commerce (MOC) on Tuesday expressed concern over Thailand's investigation into Chinese steel products and urged the country to be cautious and restrained in using trade remedy measures. "We hope Thailand can work with China to promote dialogue and cooperation in the field to resolve trade friction," an MOC online notice quoted an unnamed official as saying. TheRead more

China expresses concern on EU's new prior-surveillance system for steel imports

Beijing - XINHUA

Trade protectionism measures would do no help to tackle global steel overcapacity but hinder global trade orders, China's Ministry of Commerce (MOC) said in a statement after the European Union (EU) adopted new prior-surveillance system for steel imports. The prior-surveillance system will bring extra burdens to normal trade and China is concerned about this matter, said the statement. The EURead more