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Out of bounds
11/2/15
Abu Dhabi
replacement center in 18 African imports
Predicted an interview with the Chamber of Commerce and Industry (DCCI) on the establishment of the tripartite free trade area in Africa analysis that enhanced economic cooperation between the UAE and African countries and moving more exports and imports through Dubai with the increase in intra-regional trade of the countries of the continent, it comes in the framework of the preparation of the Global Forum of the African business to be held on 17 and November 18, the analysis pointed out that the establishment of a free trade area in the southeastern part of the African continent among 26 countries, which became known as the Tripartite Free Trade Area, is expected to enhance the economic cooperation between the UAE and the countries of Africa, as Dubai is Africa's gateway to Asian markets which is the business partner of President of the continent. He stressed Hamad Bu Amim, Director General of the Chamber of Commerce and Industry (DCCI) on the need to give more space for the private sector to play an active role in the integration process, allowing the promotion of intra-regional trade performance in the African continent and creates promising opportunities for foreign investments in Africa and helps to strengthen the productive capacity and overcome obstacles other.
Cairo
limit the decline in exports at the end of 2015
Minister of Trade and Industry of Egypt Tarek Cain said Sunday that his country aimed at halting the decline in exports to the outside end of this year that raises between 9 to 10 percent per year until 2020.
The Egyptian non-petroleum exports fell 19 percent during the first nine months of 2015 to $ 13.884 billion dollar against 17.2 billion a year ago.
He said Cain in response to a question by Reuters at a news conference in Cairo on Sunday about his expectations for the appointment of Egyptian exports stability and stop the decline, he said "the end of this year. we are working to increase exports between 9 and 10 percent annually until 2020, but the minister did not elaborate In any details of his plan to increase Egyptian exports.
He attributed Cain Egyptian exports decline to "the slowdown in world trade and the lack of gas and the unavailability of the dollar."
said Cain on Sunday in his first news conference since taking office in September, "iron factories (in Egypt) was almost parked throughout the four months ago because of the gas shortage but returned to work last week.
Seoul's
exports recorded the biggest drop in 6 years
South Korea's exports recorded the largest decline in six years in October, with a large decline in shipments bound for China and the United States and Europe in a sign of a further slowdown in global demand. It attributed the Ministry of Commerce decline mainly to a sharp drop in ships decades and falling oil prices, but the descent more than expected exports stoke fears of a worsening recession hanging over the global economy.
showed the ministry data on Sunday that exports fell 15.8 percent to $ 43.5 billion in October The first registered a decline for the tenth month in a row and the biggest drop since August 2009. Imports 16.6 percent and dropped to 36.8 billion dollars.
The inn's trade surplus to $ 6.7 billion in October, compared with $ 8.9 billion after the amendment in September / September last.
it shows data details The Ministry of Commerce that South Korea's exports to China fell by eight percent and the United States 11.4 percent and the European Union 12.5 percent.
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