PR Resource – Muarateweh.net

China will seek to maintain stable growth in foreign trade and expand domestic consumption, the Ministry of Commerce said.

In a statement published on its website, the ministry said the impact of the global financial crisis on China cannot be underestimated.

It said the ministry has identified expanding domestic demand, maintaining the stability of export and import growth, optimizing the utilization of foreign investment, and increasing overseas investment and international economic cooperation as key tasks.
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Industry and Trade Minister Vu Huy Hoang has sought government approval to waive the floor until February񎧙 when the country’s largest crop harvest starts and exporters should be freely sell their grain, a state-run newspaper reported.

Vietnam, which vies with India as the world’s second-biggest rice exporter, imposed an export price floor earlier this year in order to prevent a retreat in global prices from hurting farmers who rushed to expand crops this spring, but has gradually trimmed that floor as Thai prices nearly halve from their peaks.

Last week its floor for 5 percent broken rice was $650 a tonne, free-on-board basis, while traders and exporters said the grain could only be traded at a maximum 躀 a tonne. Freely traded Thai rice fell to a seven-month low of $630 last week.
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India may agree to give both pre-investment and post-investment national treatment to South Korea under the comprehensive economic partnership agreement (CEPA) being negotiated.

At present, India gives only post-investment national treatment to foreign investments. This means while overseas investors have the same rights for protection of investments as their Indian counterparts once the investment is made, the government is not liable to compensate for any losses suffered in the pre-investment stage. However, if a country is given pre-investment national treatment, the government has to take responsibility for losses in pre-investment stage, too, if it occurs due to a policy change.
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India Inc has finalised overseas mergers and acquisitions (M&As) worth $26 bn till September-end this year, notwithstanding a slugg ish domestic economy and the global meltdown, according to a leading consultancy firm.

Cash-rich Indian companies are doing much better than their global counterparts in the area M&As, IndusView Advisors, which advises multinational corporations on business opportunities in India, said in an assessment report released Thursday.

The consultancy said infrastructure sector dominated the deal street with transactions worth $12 bn, followed by power, oil and gas that saw M&As worth $5 bn.

“The cash-rich acquisitive Indian companies are set to make new acquisitions as target companies are significantly cheaper now than just six months ago,” it said.
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