Trade in Srilanka

Sri Lanka reported a trade deficit corresponding to 965 Million USD in January of 2012. Historically, from 2003 until 2012, Sri Lanka Balance of Trade averaged -1038.2000 Million USD success an all time high of -239.5000 Million USD in September of 2003 and a record low of -2974.0000 Million USD in December of 2011. Sri Lanka exports mostly textiles and garments (40% of total exports) and tea (17%). Others include: spices, gems, coconut food, rubber and fish. Main export partners are United States, United Kingdom, Germany, Belgium and Italy. Sri Lanka imports petroleum, textile fabrics, foodstuffes and machinery and transportation equipment. Main import partners are India, China, Iran and Singapore. This page includes a chart with chronological data for Sri Lanka Balance of Trade.

The balance of trade is the difference between the monetary value of exports and imports in an country over a certain period of time. A positive sense of balance of trade is known as a trade surplus and consists of exporting more than is imported; a negative balance of trade is known as a trade deficit or, informally, a trade gap. The balance of trade forms part of the current account, which also includes other transactions such as income from the international investment position as well as international aid. If the current description is in surplus, the country's net international asset position increases correspondingly. Equally, a deficit decreases the net international asset position. The Balance of Trade is identical to the divergence between a country's output and its domestic demand - the difference between what goods a country produces and how many goods it buys from abroad; this does not contain money respent on foreign stocks, nor does it factor the concept of importing goods to produce for the domestic market.

Sri Lanka State Trading (General) Corporation Ltd., is a fully government owned , well established organisation functioning under the purview of the Ministry of Co-operatives and internal trade. STC has been in the big business over more than 30 years whilst catering to both public and private sectors.

Today, the company deals with a wide range of products namely, Office Stationery and Equipments, Construction and hardware items, ICT Products, Office Furniture and Interior Decors, FMCG, Automotive Batteries & Tyres, Agricultural Products, Chemical Products etc. In addition, STC has taken steps to market world reputed brands such as 'Double A' photocopy papers, Frostair Airconditioners, Yokohama tyres, HP & Fugitsu Laptops, 'Exide' automotive batteries, 'Orange' Electrical items etc.

STC operates under the guidance of the government with a long term goal of developing Sri Lanka by providing the very best to consumers, and ensuring stability in market price for various goods, and thereby protecting consumer welfare. With this in mind the STC has partnered with Intel, Microsoft, and HP Lanka to make computing affordable and in doing so developing and laying a springboard for IT usage.

Under this scheme, laptops and desktop computers will be offered at very reasonable prices on installment-based payment schemes that can be tailored to suit any budget. HP computers will be powered by Intel processors and Genuine Microsoft operating systems while being maintained under HP’s three-year company warranty, ensuring the security and longevity of the product, and offering the very best experience to the shopper, and in doing so driving the growth of IT in the nation.

"To develop and promote Sri Lanka's foreign trade relations at bilateral, regional and multilateral levels by the effective implementation of rule trade policy, with a view to raising the standards of living and realizing a higher quality of life through the increase of total production, income and employment levels, thereby actively causative to the overall economic growth of Sri Lanka".

P.D Fernando, the new Director General of Department of Commerce was felicitated by the NCE at the Council Meeting held in May at the Taj Samudra.

He was presented with a plaque in recognition of his invaluable military to exporters, during his many years of service at the Department of Commerce to overseas Trade Missions. Fernando was known among many exporters as a person who had always strived to assist Sri Lankan exporters to the best possible extentby effectively engaging the bureaucrats and other relevant persons in overseas markets, who were impediments to Sri Lankan exporters. He requested member exporters of the meeting room to unhesitatingly

Sri Lanka is a South Asian island is situated 29 km off southeastern coast of India. Palk Strait separates Sri Lanka from India. It is 350km (217miles) elongated and it's maximum width is 180km (112miles). Its total land area is about 64.740 sq. km.

Sri Lanka has its own contrasts; its own fortunes and misfortunes. Over thousands of years travellers to this small island were surprised by its physical beauty and the richness of its culture. Many described it as a Paradise Isle and as the Pearl of the Orient. Then for many years it went from beginning to end a difficult period under colonial rule. At present it goes through its most difficult times in its history due to the continuing ethnic conflict.

For Centuries, Sri Lanka has been associated with the international trade in gems & jewellery, and has been referred to as the “Cradle of Treasures” due to its wealth of precious gemstones. The art of jewellery making and Sri Lanka’s gem industry have been widely acclaimed in literary works dating as far back as 250 B.C in the Legends of Arabia, folk-lore of China,India, Indonesia and in the tales of early European travelers to the East, which describe in grate detail the fabulous gems & jewellery of Sri Lanka.

The Earth’s greatest meditation of fine gems could be found within Sri Lanka’s land area of 65,525 square kilometers. Geo-scientific opinion estimates that 90% of the Island’s land mass is potentially gem bearing. Sri Lanka ranks with Burma, Brazil, South Africa and Thailand as one of the five most important gem bearing nations of the world.

A unique feature of Sri Lanka’s gem mines is that an assortment of gems such as Spinels, Corundums (Blue and Star Sapphires, Rubies) Cat’s Eyes, Zircon and many others are found in a single gem pit. Gem mining in Sri Lanka is almost entirely confined to sedimentary deposits. Gems as a resource belongs to the management, however licenses for mining could be obtained for privately owned lands.  Most often gem mining is done in agricultural lands during off-season.

The techniques of mining and processing in Sri Lanka though labour intensive is very efficient compared with gem mining in other developing countries and the recovery of fine gems as small as one millimeter or less is assured.  shield of the environment is ensured by law.

Product

Sri Lanka’s breathtaking natural heritage is blessed with over 150 varieties of gems  including Blue, Pink and Yellow Sapphires, Rubies, Padmaradchas, Star Sapphires, Star Rubies, Alexandrites, Cats’ eyes, Spinels, Aquamarines, Topazes, Zircons, Garnets, Tourmalines, Moonstones, Quartzes and variety of rare gems. Amongst the outstanding gem stones that Sri Lanka has produced in the up to date era is the Blue Giant of the Orient (466 cts), Logan Blue Sapphire (423 cts), Blue Belle of Asia (400 cts), Rossar Reeves Star Ruby (138.7 cts), Star of Lanka (393 cts. Star Sapphire) and Ray of Treasure (105 cts. Cat’s Eye). The first three gems are on display at the Smithsonian Institute in Washington DC, USA.  The Blue Sapphire is Sri Lanka’s gem supreme and can be considered, the highly prized of all gems. It is second only to the equilateral in hardness. The Blue sapphire is the National Stone of Sri Lanka.

Skilled labour at competitive rates combined with a global reputation as a country with a friendly and forward looking investment climate has created an beautiful base for cutting and polishing diamonds in Sri Lanka.
The country’s highly literate and trainable work force is the locomotive of its success as a cutting centre. Adaptability to new technology has helped the industry produce polished diamonds with high quality makes it is increasingly recognized internationally.
Sri Lanka ’s specialty is small diamonds of extraordinarily high quality, which are imported sawn or cleaved rough. In addition to the traditional brilliant cut, many cutting companies handle other specialized shapes and cuts, particularly tapers, baguettes and princes etc.
The industry in Sri Lanka is highly organized and the factories are equipped with modern bruting machines and polished wheels mainly from Belgium, Israel, Thailand, India and China.

 Sri Lanka’s jewellery makers have refined their hereditary skills over centuries, to attain the highest standards in exquisite craftsmanship and sophisticated creativity with the modern touch. With the addition of the latest expertise in design and construct, and a new focus on design excellence, Sri Lanka is emerging as a design centre offering high quality jewellery collections of Silver, Gold & Platinum.

Jewellery of Sri Lankan origin is hallmarked by an autonomous Authority, having membership in The Convention on the Control and Marking of Articles of Precious Metals (Hallmarking Convention) and the International connection of Assay Offices.  The Gemological Laboratory certifies the validity of gemstones.

The laws in Sri Lanka guarantees copyright protection of designs. Simplified import-export procedure offers intercontinental buyers peace of mind and ease of operation when dealing with Sri Lanka. Sri Lanka’s membership of the conference on the ATA carnet, facilitates the smooth transportation of jewellery.

An Import Export Gem Office at the Cargo Village at the International Airport in Katunayake expedites the clearance of rough gemstones and export of cut & polished gems, jewellery and diamonds.

A Sri Lanka-Korea Economic Co-operation Committee was set up on 4th November 1982, under the aegis of the Ceylon Chamber of Commerce. The objectives of the committee are to attract Korean investment to Sri Lanka, to promote two-pronged trade between the two countries with weight on the promotion of exports to Korea, to encourage the transfer of expertise from Korea to Sri Lanka and to encourage the growth of tourism from Korea to Sri Lanka. Over all, the economic co-operation board has met nine times, five times in Sri Lanka and four times in Korea.

Trade in Srilanka

 

In relation to coconut fibre and fibre based products, there is significant potential to further expand exports of bristle, twisted fibre, geo textiles, coir fibre pith, various kinds of brushes, door mats, matting as well as rubberised coir based products for the automobile industry. There seems to be a number of areas where upward interest has been observed in new applications for rubberised coir fibre, such as in civil construction weed killer mats. These can also be explored.

The trend for environmentally friendly biodegradable natural products like geo textiles manufactured from coir fibre, has opened opportunities for export to Korea.

There is also a lot of potential to expand exports of activate carbon to Korea since the total imports are in the region of about 12,000 million tons per year.

Other products with enormous potential are floricultural products particularly rooted plants, uprooted cuttings/cane, tissues, cultured plants, cut flowers, cut pretty leaves and flower seeds.

There is also opportunity for exports of calibrated gemstones, diamonds and jewellery, with prospects for collaboration with Korean partners.

Since Korea imports more than US$ one billion worth of garments, in attendance are also enormous prospects for export of Sri Lankan textiles and textile based products, which at the moment is only Rs. 200 to 300 million.

Other potential product areas are limonite, graphite and silica sand, canned and processed fruits and juices, processed gherkins, baby corn, essential oils and spices.

The Sri Lanka Export Development Board (SLEDB commonly known as the EDB) is the premier state organisation dealing with the promotion and development of exports. It was established in 1979 under the Sri Lanka Export enlargement Act No. 40 of 1979, and now functions under the Ministry of Industry & Commerce.

The Chairman is the Chief Executive who is assisted by the Director General and the Additional Director General. Its day-to-day functions are carried out by several divisions each of which is headed by a Director.

The Export Services Division provides assistance and creates opportunities for local professional services companies including ICT,BPO,KPO and Electronic harvest to extend their business worldwide, thereby increasing export sales and employment prospects in the country through integrated programmes such as supply development, quality improvement and training, initiate product development and adaptation of such products / services to export market requirements.  It offers assistance for the ICT/BPO/KPO exporters for market development and consultative services to small and mid-sized businesses and sponsors & co-sponsors educational seminars and training programs for exporters and potential exporters. 

In the Gulf region, the UAE is the largest export market for Sri Lanka, the largest source of imports to Sri Lanka, and the largest investor in Sri Lanka. The UAE is also home for a large number of Sri Lankan expatriate workers among Gulf countries. The number of tourists from the UAE visiting Sri Lanka is also on the increase and the UAE has become the largest tourist supplier among the Gulf countries to Sri Lanka in 2011.

ri Lanka has been trading with the UAE for a significant period of time and it continues to remain one of Sri Lanka's major trading partners ranking 7th position of top export market to Sri Lanka. Sri Lanka exported US$ 246 Mn worth of goods to UAE in 2010. The total trade between the two countries was at US$ 570 Mn in 2010, an increase of US$ 65 Mn compared to the figures registered in 2009. However, the balance of trade has been in favour of the UAE. Interesting to note that the two way trade jumped to US$ 807 Mn during January – September 2011, pushed up by rice and oil imports which accounted for over one third or USD 267 million of imports from UAE.

Tea, natural rubber, coconut oil, desiccated coconut, copra, cashew nuts, essential oil, fruits and vegetables, processed food, sea food, rubber products and toys are the chief export commodities from Sri Lanka to the UAE. However, tea has been the major export commodity (accounting 60%) of Sri Lanka to the UAE.

Among the items imported from the UAE, crude oil, diesel, gas oil and lubricants are the major trade in commodities accounting for 24% of whole imports. Other items include urea, lentils, iron & steel and machinery & parts.

Trade in Srilanka

Trade in Austarlai

Australia reported a trade deficit equivalent to 285 Million AUD in May of 2012. Historically, from 1971 until 2012, Australia Balance of Trade averaged -369.3 Million AUD reaching an all time high of 3478.0 Million AUD in June of 2010 and a record low of -3651.0 Million AUD in February of 2008. Rich in natural resources, Australia is a major exporter of agricultural products, particularly wheat and wool, minerals such as iron-ore and gold, and energy in the form of liquefied natural gas and coal. Australia is a major importer of machinery and transport equipment, computers and office machines and telecommunication lasers. Its main trading partners are: Japan, China, The United States and New Zealand. This page includes a chart with chronological data for Australia Balance of Trade.

The balance of trade is the difference between the monetary value of exports and imports in an economy over a certain period of time. A helpful balance of trade is known as a trade surplus and consists of exporting more than is imported; a negative balance of trade is known as a trade deficit or, unceremoniously, a trade gap. The balance of trade forms part of the current account, which also includes other transactions such as income from the international investment position as well as international aid. If the current account is in surplus, the country's net international asset position increases correspondingly. Equally, a deficit decreases the net international asset position. The Balance of Trade is matching to the difference between a country's output and its domestic demand - the difference between what goods a country produces and how many goods it buys from abroad; this does not include money respent on foreign stocks, nor does it factor the concept of importing goods to produce for the domestic market.

The Australian Trade Commission (Austrade) assists Australian businesses to expand their business outside Australia with information about export markets, grants and assistance and promotes and supports productive foreign venture and international education in Australia.

The principal roles of the Australian Customs and Border Protection Service are to facilitate trade and the movement of people across the Australian border while protecting the community and maintaining appropriate obedience with Australian law; to efficiently collect customs revenue; and to administer specific industry assistance schemes and trade measures.

DECO is responsible for administering controls on the export of defence and dual-use goods, and the granting of authorisations to export, in the form of permits and licenses. Items subject to control are listed within the Defence and Strategic Goods List (DSGL). The dual-use categories include Chemicals, Toxins, Materials Processing, Electronics, Computers, Telecommunications and Information Security, Sensors and Lasers, Navigation and Avionics, Marine and Aerospace and momentum sectors. 

Your gateway to Australian Financial Services licensing and regulation. The Financial Services Gateway is an online portal to help international visitors understand Australia's regulatory environment, guiding probable investors to banking, superannuation, insurance and funds administration information.

Trade in Austarlai

Australia and New Zealand's biggest annual celebration of all things fair trade is coming soon. With events, activities and promotions happening across both countries, Fair Trade Fortnight gives each of us the opening to celebrate the life-changing difference our fair trade choice makes for millions of developing country farmers, producers, their families and communities.  

The first one that was sent out just wouldn't start. Called up the company, they agreed to replace it but would not pay for postage of returning it.
The second one they sent out had a broken fuel tank cover which wouldn't stay on.
Called up the company, the sales rep. told us that it wasn't such a big deal, but as a favour to us, he would be willing to exchange for another chainsaw.
We refused and asked for a refund, but the group would only agree to refund of 80% of cost of the chainsaw, as they didn't think a broken fuel cap was an issue.
They also refused to refund any postage costs that were incurred, despite the products they had sent out being faulty. 

Australia has always been a trading nation. Its political, colonization and cultural links with other countries have been reinforced by trade and investment, with its high reliance on imports such as electrical appliances, cars, clothes, footwear, PCs and watches being a reminder of these trade links. The influx of imported products has benefited Australia but in recent decades, the reliance on them has caused problems for its economy. Such problems have incorporated trade deficits, whereby the value of imports has exceeded that of exports by between $12 and $20 billion each year. They also include foreign debt in money owed overseas, which has increased from roughly $19 billion to $527 billion since the 1980s, as well as causing unemployment. Australia's current trade and trade and industry policies, particularly its push for stronger trading links with Asia-Pacific countries, reflect the attempt at tackling these ongoing problems.

Although Australia relies heavily on its overseas foreign outlay and employers, with hundreds of foreign companies operating in Australia, it is also a high exporter of goods, services and capital, with 60% of its exports going to the Asia-Pacific region. Agricultural goods and minerals dominate Australia's exports, as do some of its service firms such as Qantas which is well known overseas, especially in its region. This chapter will explore Australia's trade links in its membership with regional trading blocs and agreements, and its shift away from its traditional trading partners such as Britain, and the types of goods exported.

Trade in Austarlai

For many years, Britain was Australia's major trading partner, with its acquire of Australian farm products and supplies to Australia of consumer goods. Britain's trade with Australia has declined since the 1960s, so that it now ranks sixth behind Australia's top five trading partners. Australia still exports primary products such as minerals, wheat and fruit to Britain and other western European countries despite the decline in trade. However, Japan has develop into Australia's largest trading partner with its importing of Australian wool, and minerals such as coal and iron ore. Other regional Asian countries have become major importers of Australia's primary products, especially wheat. Japan and also the United States have replaced Britain as Australia's main source of consumer goods. As well as supplying food, raw materials and insincere goods, Australia currently provides services such as education, training and software development to its Asia-Pacific neighbours.

Australia belongs to the Asia-Pacific Economic Cooperation (APEC) group (1989). APEC began in response to the growing interdependence of Asia-Pacific economies, and has 18 member nations located around the Asia-Pacific Rim that includes Brunei, Canada, Chile, China, Hong Kong, Indonesia, Japan, South Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Russia, Singapore, Taiwan, Thailand, United States and Vietnam. The significance of APEC can be seen in its member countries' increase in exports, valued at approximately US$2.5 trillion and representing about 43% of total world exports, as well as imports, valued at approximately US$2.4 trillion and representing about 44% of total world imports in topical years. More than half of Australia's exports go to APEC countries and about 40 percent of imports and much of its foreign investment come from these. Australia seeks from APEC the promotion of free trade in the region and other countries, to protect and project regional interests in wider negotiations such as the Uruguay Round of the General Agreement on Tariffs and Trade (GATT) negotiations and to develop cooperative projects in improving the economic routine of member countries and the region in general.

  Australia's first trading agreement in its region was the New Zealand-Australia Free Trade Agreement (1965), which was a response to Britain's move away from trade in the British Commonwealth to join the European Economic Community (ECC). This was followed by a call for closer trade and industry ties and the signing of the Australia-New Zealand Closer Economic Relations Trade Agreement (CER) in 1983. In 1988 the two countries agreed to implement free trade in goods from 1990 and discussions are ongoing for increased harmonisation of competition policy, banking and accountancy regulations, as well as mutual links in migration, tourism, transport, and the relaxing of export subsidies between the countries. Points of friction remain on issues such as Australia's strict quarantine laws. CER is recognised as one of the world's most successful free trade agreements.

A high level of foreign investment into Australia has allowed faster advance of its domestic resources. In 2003, foreign investment into Australia reached $904.4 billion, up by $47.4 billion or 5.5 percent on the previous year, with direct investment rising 8.4 percent to $233.5 billion. Australia's government has a regional headquarters program aimed at encouraging global companies to establish regional bases in Australia by stressing its economic strengths, cultural diversity and stability. It has further used this to promote its image as a gateway to the Asia-Pacific with strong trade and cultural links with countries in this region. In the late 1990s, Australia's unique stability and economic strength was shown by its remaining relatively unscathed by the Asian Financial Crisis, which was caused by a boom of international lending to the region followed by a sudden withdrawal of funds. Many Australian companies retained a presence in countries hit by the crisis such as Thailand, Malaysia and Indonesia. Australia has since benefited from honouring its district trade links now that conditions have improved. Further, its ability to adapt to such crises has now been seen by many overseas investors to be proven. Such investors with a regional base in Australia include American firms, Dow Chemical, Hewlett Packard and Microsoft, the Finnish firm, Nokia, and German firm, Siemens.

Another major Asia-Pacific trading bloc is the connection of South-East Asian Nations (ASEAN) Free Trade Area (AFTA). Australia's exports to AFTA countries exceed exports to either the European Union or North America. Its member countries include Burma, Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Philippines, Singapore, Thailand and Vietnam. AFTA's future goals coincide with Australia's regional trading aims. These goals include liberalising trade in ASEAN by progressively removing tariff and non-tariff barriers, attracting foreign investors, and adapting ASEAN to the rise of other district trading blocs.

The law in most countries requires that a signature on a document be witnessed or other procedures applied before the document can be used for legal purposes or in a court of law. Solicitors, justices of the peace, and notaries public normally perform these functions in Australia, but the Department of Foreign Affairs and Trade (DFAT) may also be authorised to do so. 

Trade in Austarlai

DFAT provides notarial army, or the legalisation of documents, to Australians, or people planning to use documents in Australia, through its State/Territory offices in Australia and its diplomatic missions overseas.

Following over a decade of uninterrupted growth, the Australian economy is now feeling the effects of the pressures of the global economic crisis and is in a period of minimal or zero growth. While consumer demand has been strong and the housing sector robust, the real story regarding growth in GDP forecast for 2009 is .05%, A mild recovery in fiscal growth, to 1.2% may arrive in 2010 but could be as late as 2011. 

The unemployment rate for 2008 was estimated at 4.2 per cent and is forecast to rise to 5 per cent by the June quarter 2009 and 5¾ per cent by the June quarter 2010.

The Reserve Bank of Australia will continue to cut interest rates in the first quarter of 2009, despite the fact that inflation is calculate to remain well above the bank’s target. Headline consumer inflation accelerated to 5% year on year in the third quarter of 2008, up from 4.5% in the previous quarter. The forecast is that inflation will ease to 3.1% in 2009 and 2.6% in 2010. 

Imports of goods rose by AUD$5.6 billion in the third quarter of 2008, to AUD$59.8 billion. Imports of consumer goods fell, in a reflection of the deteriorating outlook for consumer confidence in Australia.

The general tariff reduction on industrialized goods has now fallen to 5 per cent. Duties on passenger motor vehicles (PMV) and parts components has been reduced from 10% (General rate of customs duty) to 5% on 1 January 2010. Duties on textile, clothing and footwear (TCF) have fallen to 10% since 1 January 2005 & will be the same rate as other manufactured goods - 5% in 2015.Pharmaceuticals
Trade in prescription and non-prescription pharmaceuticals between Australia and Canada have been enhanced through a Mutual Recognition Agreement (MRA) signed in March 2005. This agreement allows manufacturers batch certifications to be recognised by one without re-analysis by the other. In addition, the agreement reduces compliance costs and shortens delays in the marketing of Canadian curative/drug products in Australia and vice versa.   

The High Commission in Canberra is primarily involved in market access issues and the development of industrial, economic and systematic cooperation with Australia. It facilitates strategic alliances and investment. It also handles business development and trade enquiries in the following sectors: government and defense procurement; aerospace; agriculture, food and beverages; fish and seafood products, agricultural technology and equipment; education; forest industries; metals, minerals and related equipment, services and technology; and science and technology, and is responsible for business progress in New Caledonia, Papua New Guinea, Vanuatu and the Solomon Islands. Canberra co-operates with the Consulate General of Canada in Sydney and the Consulate and Trade Office of Canada in Auckland.

We serve Canadian clients in all sectors. Based on our knowledge of the market, the following sectors offer the greatest opportunities for Canadian companies:

Aerospace & Defence | Agricultural Technology & Equipment | Agriculture, Food & Beverages | Environment and Renewable Energies | Fish & Seafood Products | Forest Industries| Information and connections Technology (ICT) | Life Sciences | Metals, Minerals & Related Equipment, Services & Technology | Service Industries and Capital Projects (including road and rail network and Transportation)

Trade in Austarlai

Tarde and garments

Cotheeka Trading Agency is one of the leading trading companies in Bangladesh specialized on Export-import, Local Trading and Marketing of various products ranging Computer & Electronic Accessories to Jute Products.

Cotheeka Trading Agency is reputable worldwide for its excellent Quality Control and Fast Turnaround time for delivering all kinds of products or services. Our commitment to customer services and passion for providing the best consumer value have enriched our spectacular growth since 2001. Our experience in management, including a wealth of experience in the areas of finance, strategy and operational management with distribution and direct marketing helped us to be established as one of the best trading companies in Asia. We have extensive experience developing inventive and original marketing campaigns that build our customer relationships in the retail and consumer product industries.
Web site of Cotheeka Trading Agency is updated with new information and fresh product offers on daily basis. So, don't forget to bookmark the site and visit often.

Your search for clothing industry trade fairs, fashion & textile exhibitions, apparel trade shows, garment technology trade fairs, optics & eyewear trade show, clothing accessories tradeshow, kidswear/children expositions and bridalwear tradefairs & expos from across the globe ends on this encompassing section. Here you can get access to the well-ordered data of Apparel & Clothing sector expositions based on knitted cloths & accessories, denims, scarves, lingerie, sportswear, gold/silver/platinum/crystal/metal jewellery, watches and other fashion ornaments & accessories helping you to opt from around 300 related expos.


International Trade Garments has been operating in the casual clothing industry since 2001.
You can have a look at our new updated Spring-Summer and Autumn-Winter collections in our showrooms in Bergamo , where we are located. Our highly qualified staff follows the 

There is a considerable increase in the textile and ready garment import trade in USA. Off late the USA garments importers have been importing huge quantities of garment from the Indian Exporters.

Due to the rising effects of globalization and technology transfer, setting up an international trade deal with the garments importers of any other country is not a big deal anymore. If you are dealing in garment / readymade garment or textile export trade, you might like to consider extending your business to USA. Almost every person exporting textile wants to establish trade links with USA importers of garments. One of the prime reasons that attract a lot of sellers to this place is the fact that they are able to earn dollars. Also, USA garments importers are known for being extremely professional and particular about their payment terms. Though it is easy to set up trade with these traders, but you will need the right sources to reach them. If you don’t have any existing links with these traders, you will have to find out ways to approach those who would be interested in buying your products.

The best help would be taking aid from the services of online export import database companies like Infodrive India. The database companies provide genuine export import data that is collected right from the ports and Customs offices. Whether you want to find US readymade garments importers or US textile and garment importers, you can always depend on their accurate list of active importers / buyers. The database includes all the important fields like US garments importers Name and Address, US Notify Party, Exporters Name and address, and Bill of Landing details. The Bill of Landing column has entries like BL number, Arrival Date, Weight kg, Pieces, Piece Unit, TEU, Measure cm, HS Code, and container number. Besides this information, the data also states Port of Embarkation, Port of Arrival, Product Description, and Marks number. 

 

The data service of the export import database companies enables you to extend your business to new destinations and more prospective clients. With some business intelligence and a proper analysis of the latest database, you can also enhance your product’s demand in international market. development of the collections, from design up to the realization of the item, studying each single article in details always considering the new fashion trends of the market.
Thanks to a wide range of articles always available and a very good relation between quality and price, International Trade Garments is able to satisfy all the customers’ needs, guaranteeing prompt deliveries or programming them in advance time. Our production capacity in the Far East, in particular in China and Bangladesh, is one of our main asset, as we are able to produce not only our collections but also to make customized productions in Private Label. Thanks also to a very efficient logistic we are able to deliver quickly all over Italy and Europe.
International Trade Garments is characterized by a dynamic professional young team and bases its work on important values like competence, seriousness, flexibility, loyalty.

trade industry

LGE is returning this summer for its second year and has joined forces with Fashion Capital’s event PROFILE; bringing you a spectacular three days of trading, networking, catwalks and entertainment!

Held at The Business Design Centre, LGE is the must-see show for young designers, manufacturers and emerging brands. Showcasing the very best of womenswear, menswear, lingerie, swimwear and fabrics, LGE is where you will find buyers from the biggest names in the industry mixed in with new designers and world famous manufacturers.

LGE strives to create a hub of activity and excitement for 2012 by hosting exclusive catwalks, seminars, trend reports and B2B meetings, plus the chance to be a part of the VIP Gala where exhibitors can network with buyers, high profile decision makers and the most prominent apparel associations in the world.

 

Based on our analysis of the latest standards for Fair Trade Certified Apparel & Home Goods products and our knowledge of other initiatives towards high-road apparel production, we worry that the proposed standards for apparel to bear a fair trade label will fall short of today’s best
industry practices. We grant that—if there is a robust enforcement program—workers producing under these fair trade standards will enjoy working conditions better than the industry norm. But going just beyond the norm—sweatshop and, at times, near slave-labor conditions— should not be enough. To be the purveyor of a label that would claim to signify a high mark in terms of labor standards, wages, and working conditions, TransFair must truly push the envelope of reform, and only bestow its blessing on workplaces that provide an environment of dignity and respect, and ensure workers a meaningful voice and a decent standard of living, consistent with
the very best industry practices. There is significant risk in a fair trade label that fails to meet this bar. It can mislead consumers, lower the aspirations of major companies, and, in effect, push down standards from the top. This program does not occur in a vacuum. Other efforts that are attempting to implement good labor standards may face more obstacles if TransFair sets a low bar.
We would be proud to openly support real fair trade standards, and happy to promote the pioneering companies that seek to realize those standards for workers. But the present draft standards are not yet strong enough that we can offer our public endorsement.
 

 

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we have skilled workmenship and equipped with modern machinery,and we shall provide you
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we have many clients in europe,usa, u.k. Australia, russia,middle east, japan and many other
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• The Court agreed that goods such as those listed above in Nike's application were destined for the general public.  However, Nike could not assert that the level of this public’s attention would be higher than that of the average consumer in that the garments covered by the mark applied for were what were described somewhat coyly as ‘intimate garments’.  Even such garments are everyday consumer goods, in Spain at any rate. In any event, this argument would not wash: the goods covered by Nike’s application included those items of clothing which were not intimate as well as those which were.
• Nike’s submission that the initially average distinctiveness of the word "jump" as a trade mark had become diluted was unconvincing. "Jump’ was not part of the basic vocabulary of the general public in Spain and would thus be perceived as a fanciful term.
• Nike could not both (i) concede that it was likely that the relevant public did not attach a direct and unequivocal meaning to the term ‘jump’ and that, therefore, a conceptual comparison may not be established and (ii) argue that the word ‘jump’ bore for the average Spanish consumer – above all in connection with footwear, a connotation which was associated mentally with the idea of a sudden vertical movement or propulsion from the ground. If the word was not understood in Spain, it could have no meaning for the Spanish.
• If the word ‘jump’ had no meaning to the average Spanish consumer, that word was not made more meaningful through the addition of the word ‘man’. The Board was correct to find that there was a likelihood of confusion, on account of the distinctive character of the word ‘jump’, the identity of the goods concerned and the visual and phonetic similarities between the signs at issue.

 

Trade in Brazil

Brazil reported a trade surplus equivalent to 807 Million USD in June of 2012. in times gone by, from 1991 until 2012, Brazil Balance of Trade averaged 1310.5900 Million USD reaching an all time high of 5659.4000 Million USD in July of 2006 and a record low of -1845.3000 Million USD in December of 1996. Brazil has an export-oriented economy. The main exports are transport equipment, iron ore, industrial raw materials, soybeans, footwear, coffee, autos, automotive parts, machinery. Brazil imports machinery, electrical and transport equipment, chemical products, automotive part and electronics. The primary trading partners of Brazil are The United States, European Union and Argentina. This page includes a graph with chronological data for Brazil Balance of Trade.

The balance of trade is the difference between the monetary value of exports and imports in an economy over a certain period of time. A positive balance of trade is known as a trade surplus and consists of exporting more than is imported; a unconstructive balance of trade is known as a trade deficit or, informally, a trade gap. The balance of trade forms part of the current account, which also includes other transactions such as income from the international investment position as well as worldwide aid. If the current account is in surplus, the country's net international asset position increases correspondingly. Equally, a deficit decreases the net international asset position. The Balance of Trade is identical to the difference between a country's amount produced and its domestic demand - the difference between what goods a country produces and how many goods it buys from abroad; this does not include money respent on foreign stocks, nor does it factor the concept of importing goods to produce for the domestic market.

The EU is Brazil's biggest trading partner, accounting for 22.5% of its total trade (2009). It is part of Mercosur and part of the EU's ongoing negotiations for a free trade conformity with that regional group. Brazil is the single biggest exporter of agricultural products to the EU, accounting for 12.4% of total EU imports (2009) and ranks as the EU's 10th trading partner. In goods, the EU runs an overall trade deficit with Brazil of over €4.1 billion (2009but has a surplus in commercial services trade of €2.4 billion (2009). The EU  is the biggest foreign investor in Brazil with nest egg in many sectors of the economy.

The Brazilian market is relatively highly protected with an applied customs averaging tariff of 12% and the EU consistently encourages Brazil to reduce tariff and non-tariff barriers, and to maintain a stable regulatory situation for European investors and traders. Brazil is a key interlocutor for the EU in the on-going WTO Doha Round of world trade talks.

The backbone of the EU's future bilateral trade relations with Brazil will be a wide-ranging EU-Mercosur Association Agreement which will also result in the creation of a vast free trade area. This agreement which is currently under compromise should provide a boost to regional trade integration among the countries of Mercosur and stimulate new opportunities for trade with the EU by removing tariff and non-tariff barriers to trade. The Mercosur-EU AA will cover, among other issues, trade in goods and services, investment, intellectual property rights (IPR) aspects including protection of environmental indications, government procurement, technical barriers to trade and sanitary and phytosanitary aspects.

Trade in Brazil

Until summer 2004 there was gradual but substantial progress in the negotiationwhich, however, stalled in September 2004. Since then, regular acquaintances have taken place both at ministerial and technical level in order to explore ways on how to re-engage the process.  The Madrid Summit, which brought together Heads of State and Governments from Latin America, the Caribbean and Europe, as well as imperative non-state actors, resulted in a decision to re-launch negotiations of the EU-Mercosur Free Trade Agreement - a process which is now under way.

Brazil was the United States' 8th largest goods export souk in 2011.

U.S. goods exports to Brazil in 2011 were $42.9 billion, up 21.2% ($7.5 billion) from 2010, and up 180% from 2000. U.S. exports to Brazil accounted for 2.9% of taken as a whole U.S. exports in 2011.

The top export categories (2-digit HS) in 2011 were: Machinery ($7.9 billion), Mineral Fuel ($6.3 billion), Aircraft ($5.4 billion), Electrical Machinery ($4.6 billion), and Plastic ($2.1 billion).

U.S. exports of agricultural products to Brazil totaled $800 million in 2011. Leading categories include: cotton ($323 million), dairy products ($40 million), wheat ($30 million), and sugars and sweeteners ($21 million).

U.S. exports of private commercial services* (i.e., excluding military and management) to Brazil were $19.9 billion in 2011 (preliminary data), 21% ($3.4 billion) more than 2010 and 219% greater than 2000 levels. Other private services (business, professional, and technical services, telecom services, and financial services), travel and royalties and license fees categories accounted for most of the U.S. services exports to Brazil.

Brazil was the United States' 17th largest supplier of goods imports in 2011.

U.S. goods imports from Brazil totaled $31.4 billion in 2011, a 30.9% increase ($7.4 billion) from 2010, and up 126% from 2000. U.S. imports from Brazil accounted for 1.4% of overall U.S. imports in 2011.

The five largest import categories in 2011 were: Mineral Fuel and Oil (crude) ($10.5 billion), Iron and Steel ($3.5 billion), Machinery ($2.3 billion), Spices, Tea, and Coffee (coffee) ($2.0 billion), and Wood Pulp ($1.0 billion).

U.S. imports of agricultural products from Brazil totaled $4.1 billion in 2011, the 4th largest supplier of Ag imports. Leading categories include: coffee (unroasted) ($1.9 billion), fruit and vegetable juices ($321 million), tobacco ($278 million), and raw beet and sugar cane ($270 million).

U.S. imports of private commercial services* (i.e., excluding military and government) were $6.9 billion in 2011 (preliminary data), 32% ($1.7 billion) more than 2010 and up 254% from 2000 level. The other private services (business, qualified, and technical services), travel services, and royalties and license fees categories led U.S. services imports from Brazil.

U.S. foreign direct investment (FDI) in Brazil (stock) was $66.0 billion in 2010 (latest data available), up 19.7% from 2009.

U.S. direct investment in Brazil is led by the manufacturing and finance/ indemnity sectors.

Brazil FDI in the United States (stock) was $1.1 billion in 2010 (latest data available).

Brazil’s reported direct investment in the U.S. is led by the comprehensive trade sector.

Sales of services in Brazil by majority U.S.-owned affiliates were $24.7 billion in 2009 (latest data available), while sales of services in the United States by majority Brazil-owned firms were $972 million.

 OPPOSITE Rio de Janeiro's best-known shopping mall, just before the tunnel that takes drivers to the beach resorts of Copacabana and Ipanema, stands a gleaming new showroom for JAC Motors, a state-owned Chinese car maker. The importance of the location is appropriate: imported Chinese cars have suddenly become a visible presence on Brazil's roads. This has alarmed Brazil's car industry and President Dilma Rousseff's government. Last month a 30-percentage-point tax increase on cars with less than 65% local content took effect, taking the tax on some imported models to a punitive 55%—on top of import tariffs.

The government's response is a mix of short-term protectionist measures combined with modest steps towards more constructive longer-term policy changes. The tax rise on cars was announced last September, as part of a new engineering policy. The aim was to bully carmakers without plants in Brazil to hurry up and build them. This seems to be working: JAC Motors, BMW, and Jaguar Land Rover, a unit of India's Tata Motors, have all announced plans to build factories in Brazil since the import tax was unveiled.

The industrial policy also features an experimental cut in the payroll tax for footwear, textile, furniture and software firms. But officials are at pains to point out that, rather than help specific industries, the main thrust of the new policy is to try to boost competitiveness more generally by promoting innovation, higher schooling and training.

The second emollient is that the real has depreciated by 17% against the dollar since its peak in late July. That is partly because investors fled emerging markets but also because of government intervention, in the form of taxes on short-term capital inflows. At the same time, the Central Bank has taken advantage of the economy's soft patch to cut its benchmark interest rate, from 12.5% in August to 11%. With inflation at 6.5%, the real interest rate is much lower than at any other time in the past decade.

But industry also wants to see fewer taxes, cheaper energy, less bureaucracy and better transport networks, says Paulo Skaf, FIESP's president. On these things the government is moving far more slowly, if at all. However narrowly targeted, protectionism will not only raise prices in Brazil but risks sending the wrong message to businesses. Across Latin America, trade with China is growing but partly at the expense of intra-regional trade in manufactures. Brazil should lead a move to tear down all trade barriers within Latin America, thus turning the Chinese challenge into an opportunity, says Mr Amaral.

In 2005, Brazil's total exports more than doubled to US$118 billion from $58 billion for 2001. Over that same period, imports into South America's largest country grew some 30% to $74 billion from $56 billion.

Brazil's trade surplus has expanded more than 16-times to $47 billion from $2.6 billion over the past 4 years.

With a population of almost 200 million, Brazil is the world's leading exporter of sugar, coffee, beef and orange juice. Soybeans are Brazil's fastest-growing shipments, powered by the appetites of China's 1.3 billion consumers. Other major exports include aircraft, vehicles, iron ore, steel, textiles and footwear.

o remain an agricultural superstar in global trade, Brazil has to deal with growing pains. The recent collapse of World Trade Organization talks in Doha shut the door on an initiative to remove U.S. and European farm subsidies and trade tariffs that would have spurred Brazil's exports onto new heights of success. Also, a weak American dollar makes Brazilian products more expensive and therefore sensitive to international competition. And Brazil is notorious for poorly constructed and maintained roads, railways and seaports. Three hour delays at airports are common. This is further aggravated by an inefficient customs service.

Brazil is one of the top ten world economic powers. Its cautious taxation and monetary policies, together with the necessary microeconomic reforms, have given the Brazilian economy solid basis allowing it to withstand the global economic crisis.

Brazil has abundant natural resources and its economy is relatively diversified. 

Trade in Brazil

A major agricultural power, Brazil is the world's first producer of coffee, sugar cane and oranges, as well as one of the largest producers of soy. It also attracts many world groups in the food industry and biofuels. Brazil has the world's largest commercial livestock herd. Nevertheless, agriculture's contribution to the GDP is relatively small, accounting for only 6.6%, yet the sector represents 40% of its exports. Forests cover half of the country, with the largest ombrophilous forest in the world situated in the Amazon Basin. Brazil is the world's fourth largest exporter of timber.

Brazil is also a great industrial country. It benefits from its mineral ore wealth and is the second world exporter of iron and one of the main producers of aluminum. As an oil producer, the Brazil is aiming to become self-sufficient in the near future. The country is asserting itself more and more in the textile, aeronautics, pharmacy, automobile, steel and chemical industry sectors.

and France enjoy a close bilateral relationship based on values shared by the two countries: promotion of democratic principles and human rights, strengthening of international law and multilateralism, promotion of the development and respect of social justice, preservation of peace and security, commitment to non-proliferation of weapons of mass destruction and to disarmament, protection of the environment and cultural diversity.

France has recognized Brazil as its special partner in South America and as a global player in international affairs. The two countries are committed to strengthening their bilateral cooperation in the areas for which working groups have been created: nuclear energy, renewable energies, defence technologies, technological innovation, joint cooperation in African countries and space technologies, medicines and the environment.

France and Brazil entered a formal strategic alliance in 2008. France supports Brazil's ambition to become a global player on the international scene, and has been a strong supporter of the Brazilian bid for a permanent seat on the United Nations Security Council.Through significant technology transfers, France intends to help Brazil acquire key technologies of a major world power in the military, space, energy and technology sectors.

Brazil and France share a 673 km border between the state of Amapá and French Guiana. The cross-border cooperation between the two countries has enjoyed increased vitality. This cooperation makes it possible to better integrate French Guyana into its geographical environment, to respond to the concerns of both parties about the various cross-border risks, to encourage human exchanges and trade and to develop the economy of the Amazon region, respecting the local populations and extraordinary environment. The granting to France, on the initiative of Brazil, of observer status within the Amazon Cooperation Treaty Organization, will strengthen this cooperation. The construction of the Oyapock River Bridge over the Oyapock River, decided during President Lula’s visit to France, will make the Cayenne-Macapá road link possible. The bridge is scheduled to be completed in 2010. In May 2012 Brazil sent troops to guard its border with France (Guiana)

Although Brazil has made substantial progress in reducing traditional border trade barriers (tariffs, import licensing, etc.), tariff rates in many areas remain high and continue to favor locally produced products. Brazil's barriers to trade are a cause for concern for the US Government and the European Union (EU), both of whom continue to work through regional trade accord negotiations and at the WTO level to influence tariff and non-tariff barriers. This report touches upon a broad range of trade regulations that may affect US companies seeking to export to Brazil. 

Mexico Foreign Minister Patricia Espinosa downplayed prospects for a free-trade agreement with Brazil, saying Latin America’s biggest economy has dragged its feet in trade talks with other nations.

“Brazil currently has trade negotiations under way that date far back with many different countries,” Espinosa said in an interview in Bloomberg’s Mexico City offices yesterday. “This makes us think that it’s a country in which there isn’t much flexibility for a negotiation.”

Mexican President Felipe Calderon and former Brazilian leader Luiz Inacio Lula da Silva vowed last year to start talks on a free-trade pact. A deal would help Mexico diversify trade away from the U.S., which buys 80 percent of its exports, though it may be thwarted by Brazil’s efforts to boost protection for manufacturers being hurt by a rally in its currency and increased competition from China.

 Trade flow problems between Argentina and Brazil continue to exist” revealed Brazilian Industry Ministry Executive Secretary Alessandro Teixera in direct reference to the non automatic trade licenses conflict that flared between both countries a few months ago.

Non automatic import licences are an instrument contemplated by the World Trade Organization given certain periods of time and certain conditions.

“There are still trade flow problems. However, a little trouble is always expected between the Mercosur trade bloc members,” Teixeira stated from Asunción, at the Mercosur summit.

Teixeira explained that in order to move forward with negotiations to solve the trade dispute, several private meetings between Brazilian and Argentine negotiators were taking place in Paraguay.

"Doing Business in Brazil" is a follow-up to the 1999 publication "Doing Business in Latin America". Along with the portfolio’s annual "Capture the Americas — Latin America" seminar series, it is another tangible sign of the Government’s commitment to promoting Australian trade and investment in Latin America, and supporting the efforts of the business community.

The importance of expanding Australia’s relations with Latin America was highlighted by the report, tabled in September 2000, on "Australia’s Trade and Investment Relationship with South America" by the Trade Sub-Committee of the Joint Standing Committee for Foreign Affairs, Defence and Trade of the Australian Parliament. The report assessed that the region had considerable market expansion potential and could play a more important role from Australia’s trading perspective.

The Government has responded positively to the thrust of the recommendations. In particular, at the time of his visit to Brazil in March 2001, my colleague, Mr Downer, and I jointly announced the creation of the Council on Australia Latin America Relations (COALAR). The Council, which will include prominent business representatives with experience in Latin America, will advise government and business on ways to further Australia’s commercial, economic and political interests in the region.

Of all the region’s markets, Brazil stands out. It is already Australia’s largest trading partner there, and, due to its economic size and diversity, offers significant potential.

My first official overseas assignment as Australian Trade Minister in September 1999 included a visit to Brazil. I was struck by the warm and positive relations that exist between our two countries. I was able to speak to Australian business people on the ground and obtain first-hand assessments of the opportunities for our exporters.

While the commercial relationship is growing, it remains less than optimal: Brazil, the ninth largest economy in the world, accounts for only 0.5 per cent of Australia’s total exports. Clearly, the potential for further commercial cooperation is substantial.

Trade in Brazil

Trade in Malaysia

Malaysia is one of Vietnam ’s most important strategic partners in the Association of Southeast Asian Nations (ASEAN), and is a huge potential market, said the Deputy Director of the Asian-Pacific Market Development Department under the Industry and Trade Ministry, Chu Thang Trung.

This year, the ministry chooses Malaysia , particularly the MIFB as one of trade promotion activities to introduce Vietnamese brand names that are exported to the exmarket, Trung added.

On display in Kuala Lumpur from July 12-14, Vietnamese pavilions were very popular with well-known brand names of agricultural products and seafood.

Statistically, over the last few years bilateral trade between Vietnam and Malaysia has been increasing at roughly 20 percent year on year. Two-way trade reached 6.66 billion USD in 2011, of which Vietnamese exports accounted for almost 2.76 billion USD. In the first six months of this year, the figure was about 4 billion USD.

This year’s MIFB attracted 350 businesses from 20 nations and territories across the world to display their various products, goods and services in 500 stands on an area of 11,800 sq.m.-VNA

Southeast Asia, particularly Malaysia, has been a trade hub for centuries. Since the beginning of history, Malacca has served as a fundamental regional commercial center for Chinese, Indian, Arab and Malay merchants for trade of precious goods. Today, Malaysia shares healthy trade relations with a number of countries, specifically the US. The country is associated with trade organizations, such as APEC, ASEAN and WTO. The ASEAN Free Trade Area that was established for trade promotion among ASEAN members also has Malaysia as its founding member. Malaysia has also signed Free Trade Agreements with countries including Japan, Pakistan, China and New Zealand.Malaysia was once the world’s largest producer of tin, rubber and palm oil. Its manufacturing sector has a crucial role in its economic growth. The export industry was hit hard during the late 2000 economic recession drastically dropping to 78% i.e. FDI to RM4.2 billion in the first two quarters of 2009. Total exports fell down to $156.4 billion in 2009 from $198.7 billion in 2008. The imports also reduced from 154.7 billion in 2008 to $119.5 billion 2009.

The scarcity of organs available to transplant in Malaysia is the main contributing factor in this organ trade. Dr Hasan and his ministry are partly to blame for this scarcity. They have failed to publicise the life-changing potential of donating organs.

They, and our communal and religious leaders, have never provided enough encouragement to Malaysians to carry a donor card, proudly and nobly.

Our conservative culture plays no small part in this organ shortage. Many Malaysians, of all races and religions, are fearful of death, and regard any discussion of death as taboo. This makes it difficult, of course, for a young Malaysians to bring up the subject of carrying a donor card at the family dinner table, for example.

Scarcity, perhaps inevitably, leads to high prices. Relatively affluent Malaysians can fly to China or India to have a liver or kidney transplant. Where does the organ come from? It’s best not to ask. It’s entirely believable, given the demand for organs, that living Bangladeshis can be imported to Malaysia, as a kind of organ delivery service.

Karachi—Pakistan and Malaysia have agreed that while bilateral trade had witnessed a steady growth after FTA in January 2008, there still existed a considerable untapped potential to enhance the two-way commerce and broaden the narrow range of products being traded between the two countries.

Leading businessmen and senior government officials from Pakistan and Malaysia underscored an effective use of various protocols and frameworks available under the Free Trade Agreement (FTA) to boost economic relations and broaden the scope of bilateral trade.

Trade in Malaysia

The consensus to work aggressively to forge business partnerships emerged at a daylong Pakistan Malaysia Business Forum held in Kuala Lumpur Tuesday under the joint aegis of the Trade Development Authority of Pakistan (TDAP) and the Malaysian Institute of Accountants (MIA). The event that drew nearly 200 leading Malaysian and Pakistani investors and businessmen for a daylong exchange of business ideas also served as an ideal opportunity for productive networking and business matchmaking. Malaysian Prime Minister’s Special Envoy on South Asia, Datuk Seri Samy Vellu who recently led a business delegation on a visit to Pakistan, also attended the Business Forum. 

The Department of Foreign Affairs says the agreement will see Malaysia cut tariffs on 99 per cent of Australian imported goods by 2017, and Australia will eliminate all tariffs on Malaysian imports.

After seven years of negotiating, the agreement will reduce tariffs on dairy, automotive, food manufacturing, wine and iron and steel products.

Malaysia is Australia's third-largest trading partner in South-East Asia and 10th biggest worldwide.

Two-way trade in goods and services reached $16 billion in 2011.

Australia has several similar agreements with Singapore, Thailand and the United States, and bilateral negotiations with China, Japan and South Korea are under way.

Trade Minister Craig Emerson described the deal with Malaysia as "a platinum agreement" in trade liberalisation.

"I know the business community in both countries value this agreement," he told reporters.

A statement released by his office said the deal "will further integrate the Australian economy with the fast-growing Asian region, benefiting Australian exporters, importers and consumers."

Malaysian trade minister Mustapha Mohamad hailed the deal as historic.

"Australian exporters to Malaysia will also be able to immediately enjoy significantly reduced tariffs for goods, reaching up to 99 per cent by 2020," he said at a signing ceremony with Mr Emerson.

The agreement also allows Malaysian investors to participate in Australian private hospital services including massage, homeopathy and traditional medicine.

Malaysia, meanwhile, has agreed to allow 100 per cent equity holdings by Australian entities in the Malaysian education and telecommunication sectors, and 70 per cent holdings in the Malaysian insurance and investment-banking sectors.

The Department of Foreign Affairs says the agreement will see Malaysia cut tariffs on 99 per cent of Australian imported goods by 2017, and Australia will eliminate all tariffs on Malaysian imports.

After seven years of negotiating, the agreement will reduce tariffs on dairy, automotive, food manufacturing, wine and iron and steel products.

Malaysia is Australia's third-largest trading partner in South-East Asia and 10th biggest worldwide.

Two-way trade in goods and services reached $16 billion in 2011.

Australia has several similar agreements with Singapore, Thailand and the United States, and bilateral negotiations with China, Japan and South Korea are under way.

Trade Minister Craig Emerson described the deal with Malaysia as "a platinum agreement" in trade liberalisation.

"I know the business community in both countries value this agreement," he told reporters.

A statement released by his office said the deal "will further integrate the Australian economy with the fast-growing Asian region, benefiting Australian exporters, importers and consumers."

Malaysian trade minister Mustapha Mohamad hailed the deal as historic.

"Australian exporters to Malaysia will also be able to immediately enjoy significantly reduced tariffs for goods, reaching up to 99 per cent by 2020," he said at a signing ceremony with Mr Emerson.

The agreement also allows Malaysian investors to participate in Australian private hospital services including massage, homeopathy and traditional medicine.

Malaysia, meanwhile, has agreed to allow 100 per cent equity holdings by Australian entities in the Malaysian education and telecommunication sectors, and 70 per cent holdings in the Malaysian insurance and investment-banking sectors.

Options trading is relatively new in Malaysia. However, did you know that Bursa Malaysia Derivatives offers the trading of options contracts?

Before you read on, you might be asking: “I’m an investor, but what does options trading, have to do with me anyway?” Well, options trading provides investors an alternative way of investing and can also be used as an effective risk management tool in an investment portfolio. More recently, the demand for courses teaching the basics of trade options has increased. In this article, we will discuss the simple basics of options trading in Malaysia. By the end of this article, you will be able to describe an option contract, the trading process of an option contract and identify the benefits of options trading.

Canada was one of the first countries to recognize Malaysia's independence and establish diplomatic relations in 1957.

In Malaysia, Canada is represented by the High Commission of Canada in Kuala Lumpur, and by a consulate headed by an honorary consul in Penang. Malaysia is represented in Canada by a high commission in Ottawa, a trade office in Toronto and a consulate in Vancouver. 

Canada and Malaysia have a long history of close and friendly bilateral relations that encompass a full range of political, economic, trade, social, and cultural relations. People-to-people links between Canada and Malaysia are the cornerstone of the bilateral relationship. Malaysia is an important source of students to Canada and a number of Canadian universities maintain exchange and study programs with Malaysia. Many Malaysians visit Canada every year and Canadians reciprocate by visiting, working and living in Malaysia.

Canada engages Malaysia on issues related to the promotion of good governance, human rights, and pluralism bilaterally and in multilateral organizations. Canada worked with Malaysia during Canada's tenure on the United Nations Human Rights Council (UNHCR) until 2009 and continues to work with Malaysia on the promotion of universal respect of all human rights and fundamental freedoms during its tenure on the UNHCR. 

Canada and Malaysia place a high priority on the security aspect of the relationship. Canada provides support for capacity-building initiatives related to counter-terrorism, security and defence. Through these programs, Canada has trained nearly 1000 Malaysians to safely respond to terrorist attacks. 

The Canada-Malaysia relationship is further fostered through close partnership and cooperation in international organisations such as the Commonwealth, the United Nations, the Asia-Pacific Economic Cooperation (APEC), and World Trade Organization (WTO). Canada also works with Malaysia as a dialogue partner in the Association of Southeast Asian Nations (ASEAN), and its security forum, the ASEAN Regional Forum (ARF).

Trade in Malaysia

Canada's trade relationship with Malaysia includes commerce across several sectors. Canadian companies in Malaysia employ thousands of Malaysians. This relationship is complemented by major investments by Malaysian companies in Canada in the oil and gas and agriculture sectors and Canadian investments in the aerospace, high tech, transportation and oil and gas sectors in Malaysia.

 In October 2010, at the third round of TPP negotiations in Brunei Darussalam, Malaysia joined the United States and seven other Asia-Pacific nations in negotiations to achieve a high-standard broad-based regional trade agreement known as the Trans-Pacific Partnership (TPP) Agreement.  Malaysia’s announcement followed more than a year of high-level consultations between Malaysia and the original eight TPP nations, including the United States.  In addition to working together on TPP, the United States and Malaysia meet frequently to discuss bilateral trade and investment issues and to coordinate approaches on APEC, ASEAN, and the WTO.

Malaysia was the United States' 18th largest supplier of goods imports in 2011.

U.S. goods imports from Malaysia totaled $25.8 billion in 2011, a 0.5% decrease ($129 million) from 2010, but up 0.8% from 2000. U.S. imports from Malaysia account for 1.2% of overall U.S. imports in 2011.

The five largest import categories in 2011 were: Electrical Machinery ($12.5 billion), Machinery ($4.0 billion), Fats and Oils (palm oil) ($1.7 billion).Optic and Medical Instruments ($1.4 billion), and Rubber ($1.4 billion).

U.S. imports of agricultural products from Malaysia totaled $2.4 billion in 2011, our 10th largest supplier of agriculture imports. Leading categories include: tropical oils ($1.7 billion), cocoa paste and cocoa butter ($274 million), and rubber products ($188 million).

U.S. imports of private commercial services* (i.e., excluding military and government) were $1.2 billion in 2010 (latest data available), up 19.7% ($205 million) from 2009 and up 248% from 1994 levels. The other private services (business, professional and technical services) category accounted for most of U.S. services imports from Malaysia.

Malaysia was the United States' 23rd largest goods export market in 2011.

U.S. goods exports to Malaysia in 2011 were $14.2 billion, up 1.0% ($138 million) from 2010, and up 29% from 2000. U.S. exports to Malaysia account for 1.0% of overall U.S. exports in 2011.

The top export categories (2-digit HS) in 2011 were: Electrical Machinery ($6.8 billion), Machinery ($1.6 billion), Aircraft ($1.0 billion), Optic and Medical Instruments ($686 million), and Iron and Steel ($571 million).

U.S. exports of agricultural products to Malaysia totaled $1.0 billion in 2011. Leading categories include: wheat ($158 million), soybeans ($150 million), dairy products ($137 million), and processed fruit and vegetable ($74 million).

U.S. exports of private commercial services* (i.e., excluding military and government) to Malaysia were $2.1 billion in 2010 (latest data available), 23.7% ($402 million) more than 2009 and 137% greater than 1994 levels. The other private services (business, professional, and technical services) category accounted for most of U.S. exports in 2010.

U.S. goods and services trade with Malaysia totaled $43 billion in 2010 (latest data available). Exports totaled $16 billion; Imports totaled $27 billion. The U.S. goods and services trade deficit with Malaysia was $11 billion in 2010.

Malaysia is currently our 22nd largest goods trading partner with $40.0 billion in total (two ways) goods trade during 2011. Goods exports totaled $14.2 billion; Goods imports totaled $25.8 billion. The U.S. goods trade deficit with Malaysia was $11.6 billion in 2011.

Trade in services with Malaysia (exports and imports) totaled $3.3 billion in 2010 (latest data available). Exports were $2.1 billion; Services imports were $1.2 billion. The U.S. services trade surplus with Malaysia was $853 million in 2010.

 A key factor that contributes to the economic incentive to trade in illegal cigarettes is the high price of legal cigarettes in Malaysia – already the 3rd highest in ASEAN. This is due principally to the high levels of tobacco taxes and duties that have been imposed over the years. Since 2004, excise tax has increased by a staggering 172%. High excise increases lead to high cigarette prices.

Malaysia is already one of the leading automobile markets in the ASEAN region and is expected to continue to grow. To capitalize on this potential, Mazda began local assembly of the Mazda3 (known as Axela in Japan) last year and with the new joint venture project, plans to begin local assembly of the Mazda CX-5 early in 2013. Mazda plans to produce 3,000 CX-5s per year in Malaysia.

Mazda’s sales in Malaysia have shown consistent growth since we started doing business with Bermaz in 2008. In the last financial year we achieved record sales results of approximately 6,000 units and one percent of the market share. Local assembly of Mazda3 started in January 2011 and is going well. Malaysia is one of our key strategic markets and we expect further growth there. The talks with Bermaz about the joint-venture production and sales company indicate Mazda’s strong commitment to business in Malaysia. Mazda will continue to focus on emerging markets to strengthen our overall business foundation,” said Takashi Yamanouchi, Mazda’s Representative Director and Chairman of the board, President and CEO.

Beginning with an exponential rise in the tourism, the relationship between the two countries has been further enhanced, opening new avenues for Malaysia and India to benefit mutually from each other’s economies. Over the past 10 years, trade between Malaysia and India has seen a healthy average growth rate of over 15.6% p.a.

In spite of a slowdown in the global trading scenario, Malaysia has shown signs of rapid growth, recording a total trade value of US$415 billion in 2011 – the highest ever achieved. For the 14^th consecutive year, Malaysia has recorded a trade surplus figure of US$39 billion – a growth rate of 9.4% for the year 2011. The merchandising trade has registered an impressive growth of 8.7% p.a. with exports from Malaysia growing to US$226.98 billion, while imports recorded a figure of US$187.66 billion – an 8.6% rise. This notable feat is at par with other developed countries in the region, like Singapore and ROK, which have registered similar records.

Trade in Malaysia