Showing posts with label marketplace. Show all posts
Showing posts with label marketplace. Show all posts

Wednesday, July 4, 2012

Trade in France

France's trade is one of the largest in the world. France export and imports various raw materials, automobiles and electronic products. The country ranks sixth in the world in terms of export volumes and 5th when it comes to imports.Agriculture is also another strong point for France's economy, with almost 25 percent of the EU’s total undeveloped products being produced in France. The government provides subsidies to the rural sector and the development of this sector is likely to give export activities a more boost.

Besides French trade, sightseeing is also a big contributor to the national GDP.  France rules the tourism industry with over 82 million tourists visit the country for its rich heritage and culture.The international fiscal crisis of 2009 led France into a recession, the French economy shrinking by 2.5%. The country has nonetheless resisted this development better than the eurozone average, thanks to a more diversify economy a more solid banking system, as well as a immense

France is the biggest agricultural power in the European Union, secretarial for a quarter of its total agricultural production, and the second farming power in the world after the United States. Nevertheless, the agricultural sector only represent a very small part of the country's GDP. It receives significant subsidy, especially from the European Union. Wheat, corn, meat and wine are France's main farming products.
France's manufacturing industry is varied, however, the country is in the middle of undergoing a de-industrialization process which translates into many relocations. The key industrial sectors in France are telecommunications, electronics, cars, aerospace and weapons.
The tertiary sector represents about three-fourths of the French GDP and employs almost 75% of the active workforce. France is the leading-tourist purpose in the world with more than 75 million foreign tourists every year


Trade in France

France has the world's fifth largest economy by nominal figures and the ninth largest economy by PPP figures. It has the second largest economy in Europe (behind its main economic partner Germany) in nominal figures and [[List of sovereign states in Europe by GDP (PPP).
France's economy entered the recession of the late 2000s later and left it earlier than most comparable economies, only enduring four quarters of contraction. Between January and March 2011, France's GDP growth had been stronger than expected at 0.9%, one of the best figures in Europe but shrunk between April and June 2011 decreasing by -0.1%. In 2011, the GDP surprisingly grew at 1.85%, below Germany at 2.9% but more than the UK that grew by 0.6%.
France has long been part of the world's wealthiest and most developed national economics
After the turn of the century, wealth per adult grew very strongly in France, tripling in value between 2000 and 2007. It then fell back by 15% and has not yet regained its 2007 value. Much of the earlier rise can be attributed to appreciation of the euro against the dollar, a factor which affected all Eurozone countries. However France also experienced a rapid rise in house prices as a result of which real property now accounts for two thirds of household assets. Personal debts are 12% of household assets, which is a relatively low ratio in developed economies.



Trade in France

embarked on an ambitious and very successful programme of modernization under state coordination. This programme of dirigisme, mostly implemented by governments between 1944 and 1983, involved the state control of certain industries such as transportation, energy and telecommunications as well as various incentives for private corporations to merge or engage in certain projects.
The 1981 election of president François Mitterrand saw a short-lived increase in governmental control of the economy, nationalising many industries and private banks. This form of increased dirigisme, became criticised as early as 1982. By 1983, the government decided to renounce dirigisme and start an era of rigueur ("rigour") or corporatization. As a result the government largely retreated from economic intervention; dirigisme has now essentially receded, though some of its traits remain. The French economy grew and changed under government direction and planning much more than in other European countries.
Despite being a widely liberalised economy, the government continues to play a significant role in the economy: government spending, at 53% of GDP in 2001, is the highest in the G-7. Labour conditions and wages are highly regulated. The government continues to own shares in corporations in a range of sectors, including banking, energy production and distribution, automobiles, transportation, and telecommunications. These differ from countries such as the US or UK where most of these companies have been privatized.

France, with its developed economy, is one of the most active participants in world trade. After World War II, the French government saw that closer ties to Ger many would bring it political security and greater economic strength. Thus, the European Coal and Steel Community was formed, which brought the 2 countries and other European nations into a consultative body to discuss the production of steel and coal. The EU, which France was instrumental in creating, has helped it to diminish government intervention in economic affairs by privatizing several industries. In 1992, the Treaty of Maastricht was signed, which was the watershed event in bringing Europe into political and economic union. On a practical level, the lower trade barriers and fewer restrictions that integration has brought have opened doors to French products to be sold in many European countries and has allowed a wider freedom of movement of capital in Europe, all of which has benefitted France. 

The contribution of smaller-scale enterprises to the French export picture has been on the rise since 1990. Almost half of total exported goods and services were produced by companies having somewhere between 10 to 499 employees. These types of companies are called Small-to-Medium Enterprises (SMEs). Firms hiring fewer than 10 people are called Very Small Enterprises (VSEs). Foreigners control about 27 percent of SMEs in France and about 33 percent of VSEs. SMEs concentrate in agricultural products such as agro-foodstuffs and consumption goods such as wood and leather.
ealizing the importance of operating in the country where the market is, French companies have extended their presence abroad. French companies have established a sizable presence in other countries which amounted to 239.7 billion francs in 1998. France is a net exporter of direct capital investments to the rest of the world. The balance of export and import of direct capital investment almost doubled in 1997 from its 1996 value and did not change much in 1998, standing at 74.4 billion francs. This rate was due largely to the increased volume of foreign direct capital investment in France, overall, a remarkable change from the 1990 deficit of 112.3 billion francs. Emerging economies is another reason why French capital opted to take advantage of new markets abroad. But despite new investment in the developing world, two-thirds of French capital in 1998 was invested in the EU and the United States. 


Trade in France







Tuesday, July 3, 2012

Trade and industries

FOREIGN TRADE is the official source for U.S. export and import statistics and responsible for issue regulations governing the reporting of all export shipments from the United States. If you're searching for import or export statistics, information on export regulations, commodity classifications, or a host of other trade related topics, this is the place to get the information you need.

A trade secret is a formula, practice, process, design, instrument, pattern, or compilation of information which is not generally known or practically ascertainable, by which a business can obtain an economic advantage over competitors or customers. In some jurisdictions, such secrets are referred to as "top secret information", but should not be referred to as "classified information", due to the nature of the word in the USA.

Trade secrets are by definition not disclosed to the world at large. Instead, owners of trade secrets seek to protect trade secret in sequence from competitors by instituting special procedures for handling it, as well as technological and legal security measures. Legal protections include non-disclosure agreements (NDA) and non-compete clauses. In exchange for an opportunity to be employed by the holder of secrets, an employee may sign an agreement not to reveal his or her likely employer's proprietary information. An employee may also surrender or dole out to his employer the right to his own intellectual work produced during the course (or as a condition) of employment. breach of the agreement generally carries the possibility of heavy financial penalties. These penalties operate as a disincentive to reveal trade secrets. Though proving a breach of a non-disclosure agreement against a former employee who is legally working for a competitor can be very difficult. A holder of a trade secret may also require similar agreements from other parties he deals with, such as vendors or licensees.
Protection of trade secret can, in standard, extend indefinitely and then may provide an advantage over patent protection, which lasts only for a specific period of time. Coca-Cola, for model, has no patent for its formula and has been very effective in protecting it for many more years than the twenty years of security that a patent would have provided. In fact, Coca-Cola refused to reveal its trade secret under at least two judges' orders.The inconvenience is that there is no protection once information protected as trade secret is uncovered by others through reverse engineering, for example, whereas patent has a guaranteed time of protection in exchange for disclosing the in order to the community.


World trade



To acquire rights in a trademark under U.S. law, one must simply use the mark "in commerce." It is possible to register a trademark in the U.S., both at the federal and state levels. (Registration of trademarks confers some advantages, including stronger protection in certain respects, but it is not required in order to get protection.) Registration may be required in order to file a lawsuit for trademark infringement. Other nations have different trademark policies and this information may not apply to them. Assuming the mark in question meets certain other standards of protectibility, it is protected from infringement on the grounds that other uses might confuse consumers as to the origin or nature of the goods once the mark has been associated with a particular supplier. (Similar considerations apply to service marks and trade dress.) By definition, a trademark enjoys no protection (qua trademark) until and unless it is "disclosed" to consumers, for only then are consumers able to associate it with a supplier or source in the requisite manner. (That a company plans to use a certain trademark might itself be protectible as a trade secret, however, until the mark is actually made public.)

A company can protect its confidential information through non-compete and non-disclosure contracts with its employees (within the constraints of employment law, including only restraint that is reasonable in geographic and time scope). The law of protection of confidential information effectively allows a perpetual monopoly in secret information - it does not expire as would a patent. The lack of formal protection, however, means that a third party is not prevented from independently duplicating and using the secret information once it is discovered.

urveillance of national trade policies is a fundamentally important activity running throughout the work of the WTO. At the centre of this work is the Trade Policy Review Mechanism (TPRM). All WTO members are reviewed, the frequency of each country’s review varying according to its share of world trade. 

The World Trade Organization (WTO) deals with the global rules of trade between nations. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible.

This website is a one-stop national resource to learn about the crime of identity theft. It provides detailed information to help you deter, detect, and defend against identity theft.  
On this site, consumers can learn how to avoid identity theft – and learn what to do if their identity is stolen.  Businesses can learn how to help their customers deal with identity theft, as well as how to prevent problems in the first place.  Law enforcement can get resources and learn how to help victims of identity theft.
Read on to find out more about identity theft and what you can do about it.

Here's an example of a "yen carry trade": a trader borrows 1,000 Japanese yen from a Japanese bank, converts the funds into U.S. dollars and buys a bond for the equivalent amount. Let's assume that the bond pays 4.5% and the Japanese interest rate is set at 0%. The trader stands to make a profit of 4.5% as long as the exchange rate between the countries does not change. Many professional traders use this trade because the gains can become very large when leverage is taken into consideration. If the trader in our example uses a common leverage factor of 10:1, then she can stand to make a profit of 45%. 

World trade organization



The big risk in a carry trade is the uncertainty of exchange rates. Using the example above, if the U.S. dollar were to fall in value relative to the Japanese yen, then the trader would run the risk of losing money. Also, these transactions are generally done with a lot of leverage, so a small movement in exchange rates can result in huge losses unless the position is hedged appropriately.

A strategy in which an investor sells a certain currency with a relatively low interest rate and uses the funds to purchase a different currency yielding a higher interest rate. A trader using this strategy attempts to capture the difference between the rates, which can often be substantial, depending on the amount of leverage used.

The Fair Credit Reporting Act guarantees you access to your credit report for free from each of the three nationwide credit reporting companies — Experian, Equifax, and TransUnion — every 12 months. The Federal Trade Commission has received complaints from consumers who thought they were ordering their free annual credit report, and yet couldn't get it without paying fees or buying other services. TV ads, email offers, or online search results may tout "free" credit reports, but there is only one authorized source for a truly free credit report. 

Many companies claim to offer free credit reports – and some do. But others give you a report only if you buy other products or services. Still others say they’re giving you a “free” report and then bill you for services you have to cancel. If you go to www.AnnualCreditReport.com and follow the prompts for your free credit report, you can be sure the reports you get really are free. 

Looks like the Nets aren’t waiting for Dwight Howard’s situation to get resolved before making moves. According to Nets Daily, they just went ahead and traded for Joe Johnson, whose contract will have Brooklyn unable to re-sign Deron Williams and still make a deal for the Orlando big man this summer. More details: “The Nets have all but completed a trade for Joe Johnson, the six-time all-star, league sources tell NetsDaily. In return, the Hawks get expiring contracts and a first round pick. NOT included in the trade: MarShon Brooks and Gerald Green. The Nets also didn’t have to give up their own first round pick in the trade. The trade will not be finalized until July 11. Johnson, who is still owed $89.3 million over the next three years, was dealt for Anthony Morrow; Jordan Farmar, who will be bought out at Atlanta’s expense; Jordan Williams, Johan Petro, a signed-and-traded DeShawn Stevenson and the Rockets 2013 lottery protected first round pick.”

Trade agreements usually involve a detailed list of rights that nations must provide to authors of new works -- including any original content from books to software. But while the deals often include general provisions, permitting countries to adopt exceptions to those rights, they have never been explicitly required.
Those exceptions are what allow for the existence of everything from libraries to movie reviews. They're also critical for a host of internet operations, which frequently reference or make use of copyrighted material under well-established "fair use" standards and other key exemptions.

We're encouraged that the USTR (United States Trade Representative) has acknowledged that we can have strong and balanced copyright," said Matthew Schruers, vice president of law and policy at the Computer and Communications Industry Association, a tech lobbying organization. "There is still much more to be done, on this issue, other IP issues, as well as issues outside of the IP space. Nevertheless, this is an important first step toward modernizing the trade framework for the twenty-first century."
The USTR -- the White House agency, led by Ron Kirk, that's responsible for negotiating the Trans-Pacific deal -- said this new outline aims to enhance the framework of the Trans-Pacific Partnership.
"The TPP is intended to be a 21st century agreement, covering a number of emerging issue areas, and it’s clear that this is an issue of major importance to many stakeholders," said USTR spokesperson Carol Guthrie in a written statement. "After consulting with them and with our trading partners, we’ve decided to further enhance our framework."

Tech policy and transparency in the Trans-Pacific deal have generated some concern among a few members of Congress, who have said that key staffers were denied access to draft negotiation documents, even though more than 600 corporate officials were able to view the documents through positions on advisory panels. 



Fair trade



Sunday, July 1, 2012

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.
 
 
We are manufacturer cum exporter of leather fabric motor bike suits, leather wear, leather garments, sleeping bag,leather
motor bike garment,leather motor bikejackets,leather motorbike pant,leather
fashion suit,leather motor bike jacket,leather socks,leather fashion pant, textile fabric codura
jackets,pant,leather o/all, leather vest,leather motor racing gloves, leather purse, leather bag, leather socks,
we have skilled workmenship and equipped with modern machinery,and we shall provide you
top quality goods and competative prices from any other supplier.
we have many clients in europe,usa, u.k. Australia, russia,middle east, japan and many other
countries.
we hope you shall inform us your own items list and check our permute delivrey and
quality.
  • 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.

 

Thursday, June 21, 2012

Science trade in Bangladesh

As soon as it gained independence in 1971, Bangladesh followed with keen interest and supported Vietnam’s struggle against the U.S. The Government of Bangladesh condemned the U.S.’s bombing in the North of Vietnam. There was a strong nation-wide movement of the Bangladeshi people to support Vietnam’s fighting against the U.S. Bangladesh was the first country in South Asia and second one in Asia to recognize and establish diplomatic relations at ambassadorial level with Provisional Revolutionary Government of the Republic of South Vietnam. On February 11, 1973, Vietnam and Bangladesh officially established diplomatic relations. The two sides started exchange of visits and economic and trade interaction. In July 1982, Vietnam closed its Embassy in Dhaka.
In recent years, there have been new and important political and economic progresses in the relations between Vietnam and Bangladesh. In November 1993, Bangladesh opened its Embassy in Ha Noi. Vietnam re-opened its Embassy in Dhaka in January 2003.
The two sides have exchanged a number of high-level visits over the years.  
Vietnam-Bangladesh bilateral trade, though modest, is progressing positively with an average growth rate of 20% per year. Bilateral trade turnover was US$ 14 million in 2002 (Vietnam exported US$ 7 million and imported US$7 million), US$ 20 million in 2003 (Vietnam exported US$ 14 million and imported US$ 7 million), US$ 39 million in 2004 (Vietnam exported US$ 17.8 million and imported US$ 21.2 million), US$ 76 million in 2005 (Vietnam exported US$ 22 million and imported US$ 54 million). During Prime Minister Khaleda Zia’s visit to Vietnam in May 2005, the two sides set a target of US$ 100 million of two-way trade by the year 2008. 
 - Vietnam’s main export items to Bangladesh are cloth, plastic products, products made from bamboo, sedge and rattan, rubber, computer, electrics, wood, pottery and porcelain. Vietnam’s main import items from Bangladesh are pharmaceuticals, garments, leather & textile materials, fabric, machinery equipment and tools, electrical spare parts and fertilizers.
 - The cooperation between the two countries in other fields is still at low level, mainly focusing on experience sharing in infrastructure development, small and medium enterprises, aquaculture and environment protection. The two sides are trying to upgrade cooperation in economic and commercial fields and others namely agriculture and fisheries, industry, handicraft, finance and banking, culture, training and education, tourism and health in pace with good political relation.

In an attempt to eliminate epidemic levels of diarrhea and other infectious diseases associated with the use of surface waters, millions of shallow tube wells were drilled into the Ganges Delta alluvium in Bangladesh beginning in the early 1970s. This process reduced the rates of water-related infectious diseases but created a new public health dilemma: a surge in diseases such as skin ailments, diabetes mellitus, and various cancers, all resulting from habitual consumption of groundwater naturally high in arsenic.
A number of interventions have been proposed to help remedy the widespread arsenic exposure, but these interventions may only be bringing the catastrophic water situation in Bangladesh full circle. A new study by epidemiologists led by Kamalini Lokuge of the Australian National University suggests that, while these interventions will eventually result in less disease overall, they may initially cause a steady and considerable increase in diarrheal disease [EHP 112:1172–1177]. The study indicates that any large-scale transition away from household tube wells as a source of drinking water, without proper evaluation of the risks, may be premature.
In attempting to quantify the disease burden resulting both from arsenic exposure and from the potential side effects of widely available arsenic mitigation interventions, Lokuge and her colleagues used previously published information to estimate mortality rates and disability-adjusted life years (DALYs). Simply put, a DALY is a measure of the burden of disease; it reflects how much a person’s expectancy of healthy life is reduced by premature death as well as by disability caused by disease.
The Australian team used World Health Organization data to estimate the DALYs lost per year to arsenic-related effects including diabetes, ischemic heart disease, and a number of cancers. They calculated that arsenic exposure causes the loss of 174,174 DALYs per year in Bangladeshis exposed to arsenic concentrations above 50 micrograms per liter (μg/L), the nation’s cut-off point for safe drinking water.

trade in science

Then they calculated the DALYs that would be lost to infectious disease, provided Bangladeshis adopted certain arsenic mitigation options currently advocated by the federal Bangladesh Arsenic Mitigation and Water Supply Project and immediately accessible to the majority of the Bangladeshi population year-round. These include surface water supplies, uncontaminated community tube wells, and low-cost filtration systems. These alternative options carry the potential for increased water-related infections, compared with household tube wells.
Assuming that mitigation efforts were undertaken only in those areas where the arsenic concentration of drinking water is highest (100–300 μg/L), the team found that the long-range benefits of arsenic mitigation in terms of DALYs gained and deaths avoided would outweigh any initial decline in public health due to water-related infectious diseases. However, there would initially be a period of some years (the number of which is still unknown) before any benefit would accrue, and some additional years until the total benefit outweighed the cost of the water-related infectious disease increase. The investigators also conclude, moreover, that if the Bangladeshi people gradually stop using the alternative water sources and processes (for example, because of the inconvenience of maintenance or complacency as disease drops off), the initial DALY-based cost of water-related infectious diseases would remain while the long-range benefits would disappear.
The study demonstrates that implementation of any arsenic-mitigating intervention must take into account not only the strategy’s effectiveness in reducing arsenic exposure but also its safety in terms of water-related infectious diseases, the likelihood of population-wide compliance, and different exposure levels within the population. The investigators contend that such information is vital to developing appropriate policies toward resolving the drinking water crisis in Bangladesh.
Among the most renowned banks in Bangladesh, Citi Bank NA is such a name what plays an important role not only in the investment banking and trade operations but also in the overall industrial development in Bangladesh. After starting of their business in Bangladesh it has been running with its financial strength, technological strength, customized products and dynamic employees. Citi’s Cash Management Department and Trading department are working successfully with wide product line, maintaining good customers relationship and strong MIS (management information System). In Cash management department Citi basically works with the accounts opening, inward remittance, outward remittance, receivable management, foreign currency exchange etc. Trade department works with the LC opening of import and export, LC amendment, advising, import bill and export bill processing system. In case of local operation process of trade department it concentrate on some specific areas like- dealing with only their listed customer, providing LC authorization form as that bank is the authorized dealer of Bangladesh Bank, LC issuance and amendment local import and export LC amendment advising, NULC (Not under letter of credit), delivery order and shipping guarantee and import and export bill. From the beginning of LC opening to product shipment and receiving payment, every thing uploaded in the international server TCS Eserve, local server Trim, and Central image system. They maintain different data storage system and different files of same elements to make dual control of the system. Citi’s successful trade operation is made through its excellent customer relation service, Audit system and internal management information system with their dynamic employees. Though trade department has been working successfully from the starting but their insufficient employees, too much work load makes the existing employees demotivated. So I think overcoming these two problems Trading Department of Citi will be unbeatable in the banking sector.
Russia (the USSR at that time) and Bangladesh started developing friendly and mutually beneficial ties in the early 70s, from the very first days of Bangladesh as an independent state. Diplomatic relations between the USSR and Bangladesh were established on January 25, 1972. However the foundation for friendship between our countries had been laid even before that. The Soviet government raised its voice on the international arena against the atrocities being done to the people fighting for their freedom in 1971 and that was not simply a political decision but the manifestation of the deep and sincere sentiments of the Soviet people who were outspoken in their support for national-liberation movements all over the world. Immediately after the Liberation War the Soviet Union extended its helping hand to the Bangladeshi people and assisted the newly-born state in reestablishment and development of its economy. The USSR also provided its support to Bangladesh in acquiring international recognition and joining the UN.

trade in science

The cooperation between Russia and Bangladesh has always been comprehensive and has been developing in a wide range of spheres from politics to culture. Over the years Russia and Bangladesh have been holding close or similar positions on the numerous pressing issues of the international agenda, such as matters of global security, fight against terrorism, dialog between civilizations, mitigation of negative effects of climate change. Russia has always seen Bangladesh as a reliable partner in promoting principles of multipolar global architecture and fair international economic system.
The Africa Faith and Justice Network (AFJN) is a community of advocates for responsible U.S. relations with Africa. AFJN stresses issues of peacebuilding, human rights and social justice that tie directly into Catholic social teaching. AFJN works closely with Catholic missionary congregations and numerous Africa-focused coalitions of all persuasions to advocate for U.S. economic and political policies that will benefit Africa's poor majority, facilitate an end to armed conflict, establish equitable trade and investment with Africa and promote sustainable development.
  China’s June trade data on Tuesday stoked anxiety about the strength of domestic demand in the world’s second biggest economy as imports rose at only half the pace expected, signaling a need for Beijing to do more to bolster growth.

Officials singled out the debt crisis in the European Union – China’s biggest trading partner – as key to Beijing’s ability to meet its 10 percent target for trade growth this year, with softening sales to the EU in the first half of 2012 seeing the United States overtake it as China’s top export destination.
Exports are better than expected, but I don’t this means that we shouldn’t be concerned about exports,” Sun Junwei, Beijing-based China economist with HSBC, said.
Customs spokesman, Zheng Yuesheng, said as much in a news conference to release the data.
“China’s exports to the European Union actually fell in the first half. Our exports to Germany have been falling for four consecutive months and exports to France have been on decline for three straight months, too. Our exports to Italy have been falling for 10 straight months since September,” Zheng said.
“The United States replaced Europe to become our largest exporting market in the first half. However, U.S. economic recovery is not stable yet, and its demand for our goods has not returned to the level seen before.”
China’s exports to the EU fell 0.8 percent in the first half of 2012 to $163.1 billion, while to the United States they rose 13.6 percent to $165.3 billion. China imported $65.8 billion worth of U.S. goods in the first six months, up 7.9 percent.

Data on Monday showed China’s consumer and producer prices eased more than expected in June, signaling falling demand for goods from the manufacturing capital of the world and the likelihood of more policy moves to support the slowing economy.
The People’s Bank of China unexpectedly cut benchmark interest rates last week for the second time in a month in a bid to bolster growth. It has also lowered banks’ required reserves ratios (RRR) in three 50 basis point steps since November 2011, freeing an estimated 1.2 trillion yuan ($190 billion) to lend.
But that has not stopped economists and investors scaling back their growth calls for China’s economy this year and steadily pushing back the consensus view on when the growth cycle is set to bottom from Q1 to Q2 and, increasingly, into Q3.
Analysts polled by Reuters last week forecast China’s annual rate of GDP growth will have eased to 7.6 percent in the second quarter of the year versus 8.1 percent in Q1. GDP data is due on Friday.
It is likely to be the slowest quarter of growth in the country since the first three months of 2009, in the depths of the global financial crisis when world trade ground to a halt.
Ting Lu, China economist with Bank of America/Merrill Lynch in Hong Kong, wrote in a note to clients that June’s trade data confirmed that the current situation was not that bad.
overnment sent letters to three development finance institutions on Wednesday requesting them to form a consortium for arranging funding for the troubled Padma Bridge project, officials said.
Finance Minister AMA Muhith sent the letters to presidents of the Manila-based Asian Development Bank (ADB), the Japan International Cooperation Agency (JICA) and the Islamic Development Bank (IDB) requesting them to arrange a syndication loan for the dream project, a senior finance ministry official told the FE.
Bangladesh’s foreign exchange reserve has crossed US$10 billion mark again as the inflow of foreign currencies increased, officials said.
The foreign exchange reserve rose to US$10.02 billion on Wednesday from $9.93 billion of the previous working day, according to the central bank statistics.
The prices of detergent products of different companies are on the rise on the retail markets across the country as manufacturers are hiking the prices of the items frequently, retailers said.
Stocks bounced back on Wednesday, breaking a losing streak of seven days, on the back of a buying pressure from institutional investors.
Foreign Minister Dr Dipu Moni has urged the world community to reach a legally binding agreement on carbon emission cuts in order to face onslaughts of climate change.
She also sought a global consensus on four recognized tracks of action in global warming –adaptation, mitigation, financing and technology transfer.
Dipu Moni made the appeal while she was speaking at a function marking the 19th ministerial meeting of ASEAN Regional Forum (ARF) here on Wednesday.
Foreign Ministers from ASEAN countries and the major Asia- Pacific countries including China, Japan, Korea, Australia, New Zealand, France, UK, USA, Russia, Canada, India and Pakistan participated in the conference.
Terming Bangladesh as the most vulnerable countries to global climate change, Dipu Moni stressed upon the engagement of the developed countries for effective action on adaptation and mitigation projects in developing countries.
She said Bangladesh has been facing multiple challenges. Bangladesh Foreign Minister also had bilateral meetings with the Foreign Ministers of China and Myanmar on the side-line of ARF meeting, where she had discussed important bilateral issues and issues of common concerns.
They have discussed ways and means to strengthen the trade, commerce, investment and establishment of physical connectivity for the smooth movement of goods and people.

trade in science


Tuesday, June 19, 2012

Trade in Russia

Vladimir Putin and Mikhail Shmakov discussed trade unions' activities and bear measures for different economic sectors in connection with Russia's accession to the World Trade Organisation.
In his discussion with the Chairman of the Independent Trade Unions Federation, Mr Putin noted that trade unions should take part in conniving support measures for the different economic sectors in connection with Russia's accession to the WTO.
Mr Shmakov informed the President that a meeting of the Russian Tripartite Commission, which brings together representatives of state authorities, employers, and trade unions, proposed to make regular analyses at area level of the effects of various processes after Russia ratifies the protocol on joining the WTO in order to take measures to minimise or prevent possible negative impact.
Vladimir Putin supported the initiative and noted that the unlike agencies should develop support measures for the various economic sectors at the first stage of Russia's WTO accession.  
Mr Shmakov also proposed getting trade union representatives and employers involved in the implementation and monitoring of the presidential supervisory orders on social policy.  The President noted that he has established a commission specifically to monitor implementation of socioeconomic development policy. This commission is headed by the President himself, and Mr Putin stressed that the Independent Trade Unions Federation will also take part in its work. 
Extending permanent normal trading relations isn't a gift to Russia. It is a smart, strategic investment in one of the fastest growing markets for U.S. goods and services. It's also an investment in the more open and rich Russia that we want to see develop.
As the demonstrations across Russia over the past six months make clear, the country's middle class is demanding a more transparent and accountable management, a more modern political system, and a diversified economy. We should support these Russian efforts.
When Russia joins the WTO, it will be required—for the first time ever—to establish predictable tariff rates, ensure transparency in the publication and enactment of laws, and adhere to an enforceable mechanism for resolving disputes. If we extend permanent normal trading relations to Russia, we'll be able to use the WTO's tools to hold it accountable for meeting these obligations.
The Obama administration is under no illusions about the challenges that lie ahead. WTO membership alone will not suddenly create the kind of change being sought by the Russian people. But it is in our long-term strategic interest to join forces with Russia in areas where our interests overlap.
Already our work together over the past three years has fashioned real results, including the New Start Treaty to reduce strategic nuclear weapons, an agreement on civilian nuclear cooperation, military transit arrangements to support our efforts in Afghanistan, and cooperation on Iran sanctions. With everlasting normal trading relations, we would add expanded trade to the list.
To be sure, we have real differences with Russia. We disagree essentially about the situation in Georgia. On Syria, we are urging Russia to push Bashar al-Assad to implement former U.N. Secretary-General Kofi Annan's six-point plan, end the violence, and work with the international community in promoting a transition.
In addition, President Obama and I have clearly expressed our serious concerns about human rights in Russia. And we have taken steps to address these challenges, including support for programs that promote human being rights, rule of law, and civil society there. We have strengthened ties between nongovernmental organizations in both countries, from political activists to groups working for women's rights. Following the tragic death of Sergei Magnitsky, a lawyer who blew the shrill on official corruption, we imposed restrictions to ensure that no one implicated in this crime can travel to the United States. We are continuing to work with Congress on addressing these issues.
Some argue that continuing to apply Jackson-Vanik to Russia would give us some leverage in these areas of disagreement. We disagree—and so do leaders of Russia's political opposition. They have called on the U.S. to terminate Jackson-Vanik, despite their concerns about human rights and the Magnitsky case. In fact, retaining Jackson-Vanik only fuels more anti-American sentiment in Russia.
Russia's membership in the WTO will soon be a fact of life. Failing to extend permanent normal trading relations will not penalize Russia, nor will it supply a lever with which to change Moscow's behavior. It will only hurt American workers and American companies. By extending those trading relations, we can create new markets for our people and support the political and economic changes that Russia's people are demanding. These reforms will ultimately make Russia a more just and open society as well as a better partner over the long term for the U.S.
Membership of the organization will loosen Russia’s steadfast protectionism towards its economy. At the moment there are prohibitively high import duties on many goods, which guard the local market against cheaper foreign products. Russia also has very high interest rates on loans, which many MPs and observers say is stifling growth. Government ministers have conceded however that the economy will contract at first while Russia adjusts to international rules. Some analysts agree predicting that federal revenues will shrink by around 4 billion pounds in the first year alone. Sergei Sutyrin is a WTO chair-holder and head of the Department of World Economy at Saint-Petersburg State University. He argues that the long-term benefits are much more important.

Trade in Russia

“It’s the possibility to participate in setting the rules international trade is conducted. WTO is basically the main and only establishment in charge of that. Unless we are members of the WTO, we are not able to express our concerns and to influence on how these rules of the game are defined and that is extremely momentous because these rules are basically negotiable. They are not given by God or somebody else. That’s the opportunity to be treated equally according to the rules of the WTO, by foreign companies and foreign governments.”
For years the liberals, communists and the Just Russia Party have staunchly resisted WTO entry. They are now trying to appeal the parliamentary votes in Russia’s constitutional court. If successful Russia would not join the global trade body later this year as expected. The government would have to renegotiate the terms of accession with the WTO, a process that could take years. But Alexey Portanskiy, the head of the Information Bureau on Russia’s accession to the WTO thinks that that scenario is highly unlikely.
“The constitutional court said that the protocol of the accession is not in negation with the constitution, so it is in line with Russian constitution. I think the communists have no chance in this movement.”
The communists, however, have found support from a group of influential company directors. They recently signed a petition calling for Russia to reject the WTO and stick to more protectionist policies. Those opposed to Russia’s taking office to the WTO claim that it’s protectionism that promotes investments. They say that with such policies Russia can sustain the investments that need for its economy to grow and diversify. But Sergei Sutyrin, the chair-holder of the WTO and professor of economics disagrees saying that theory is flawed.
“We perceive a relation between trade and investment, in other words, the investment is precisely the result of the trade, but real life is a little bit different. We also have complementarily between two issues. Because in many cases companies invest precisely in order to promote trade. So, from that point of view top tariffs in many cases are not the additional incentives for investors.”
Russia now has to formally notify the trade group of the parliamentary votes within one month before it can be officially admitted as a member. That means Russia could for the first time ever be trading according to international rules as early as the end of August.
Russia's legislative body, the Duma, plans to take up a vote on WTO membership Tuesday. Policymakers in the U.S. Congress will have a choice to make as well: permanently normalize trade with Russia or force American workers and businesses to lose out on more open access to the world's ninth-largest economy.
Maine already has strong trade ties to Russia, thanks to companies like General Electric and Procter & Gamble. In 2011, the state exported more than $13 million in goods to Russia. Normalizing trade would open trade with Russia even further and help protect the state's exports.
This is hardly a choice at all. If Congress grants Russia permanent normal trade relations, it sets the stage for replication America's annual exports to the country -- from $11 billion today to $22 billion in 2017.
But if Congress fails to normalize trade with the country, WTO rules will allow Russia to deny benefits to the United States -- putting at risk that same $11 billion, and all the jobs that go with it.
Boost the economy or give our foreign competitors a leg up on international trade? It really is that simple. Russia is going to join the WTO no matter what the U.S. chooses, so legislators would be especially foolish to turn down this opening.
The complication is that in order to grant Russia permanent normal trade relations, legislators will have to scrap a 38-year-old trade restriction known as the Jackson-Vanik amendment. That law was designed to help ensure that Soviet Jews and victims of religious persecution had the right to freely immigrate to the U.S. by linking foreign trade status to immigration restrictions.
Jackson-Vanik was necessary at the time, but now it's outdated. In 1992, after the fall of the Soviet Union, Russia voted to allow free emigration for all citizens. America's leaders know all this, and have acted accordingly. Every year since 1992, Presidents from both parties have certified Russia as complying with the anxiety of Jackson-Vanik.
It's time to finally do away with this restriction that the United States has affirmatively decided to ignore for 20 years -- and permanently normalize trade with Russia.
Granting Russia permanent normal trade relations won't require the U.S. to adjust any of its trade tariffs, though it will make Russia accountable in international intellectual property agreements and WTO dispute resolution.
But these benefits will be ours only if Congress establishes permanent normal trade relations with Russia.
Normalizing trade opens valuable markets for American businesses at no cost to the United States -- it's estimated, for example, that Russia will need to spend $500 billion on infrastructure. That's a lucrative opportunity for American workers and businesses.
The state of Maine has a strong economic interest in seeing this deal work. Trade is already an important part of the economy: In 2010, the state's exports totaled $3.2 billion and made up 6.1 percent of the state's total economy. In 2008, exports were directly or indirectly responsible for 21,000 jobs in the state.
Thanks to WTO member rules, the state's trade position would become even stronger under a normalized trade administration.
Last year, the state exported a total of $13.9 million in goods to Russia alone, including $8.1 million in aircraft and parts. Once in the WTO, Russia will be required to reduce its tariffs on aircraft engines to 5 percent from 10 percent.
Cattle exports from Maine to Russia totaled more $5 million last year. Russia's WTO member agreement would help preserve that trade by construction any changes to future livestock important rules subject to WTO challenge.

Trade in Russia

Unemployment in Maine clocked in at 7.2 percent in March. That's better than many states, but the question still remains: Can the state's economy really afford to turn down this opportunity?
Already there is bipartisan support for granting Russia permanent normal trade relations: Four U.S. senators recently introduced legislation to permanently wipe Jackson-Vanik from the books and grant Russia permanent normalized trade status in the process.
In 1994, Russia was the world's 16th-largest economy and only 4 percent the size of the U.S. economy. Per capita gross domestic product was only $1,865. Today, Russia is the seventh-largest economy. Its per capita GDP is nearly $13,000. Russia's population, now about 142 million, declined over the intervening years but just reversed the trend.
Russia, says U.S. Trade Representative Ron Kirk, is only the United States' 20th-largest trading partner with $42.9 billion in two-way goods trade in 2011.
Russia's parliament, facing a July 23 deadline for its WTO invitation, is scheduled to vote Tuesday to join the WTO. Once the agreement is ratified, Russia automatically joins the WTO 30 days later.
However, for U.S. companies to trade competitively with Russia, Congress must sweep away some outdated Cold War restrictions and grant “everlasting normal trade relations” status to Russia. A PNTR bill sponsored by Sen. Max Baucus, D-Mont., is pending.
Granting PNTR trade status “is not a gift to Russia,” Kirk stressed in recent congressional testimony. Russia would have to lower tariffs, agree to protect foreign brands and copyrights, enforce food safety standards and conduct rules-based dispute resolution. The United States would not make any trade concessions because its tariffs already are low.
Despite its concessions, Russia wants WTO membership because it believes it will attract additional foreign investments that can diversify and strengthen its economy.


Passera is to look at energy cooperation, infrastructure development and industrial agreements on his Russian visit. The general setting of access to the Russian market and the crisis in the eurozone will also be among the main topics on the agenda of minister of economic development Corrado Passera, on his first official visit to Moscow today and tomorrow. As announced by the Italian Embassy in Russia, in his two days in Moscow Passera will meet: deputy prime minister with accountability for energy, Arkady Dvorkovich, energy minister, Aleksander Novak, industry and trade minister, Denis Manturov, and transport minister, Maxim Sokolov. Italy is one of Russia's main economic and trading partners. Trade totalled 46 billion dollars in 2011, 22.6% higher than 2010 and closing in on pre-crisis figures (53 billion). Nearly half of the total volume of imports from Russian (45%) consists of gas and oil, whose prices last year were particularly high. Energy will be at the heart of the visit, also preparatory to that of prime minister Mario Monti, expected by the end of July. AGI was told that in this sector Italy would like Russia to speed up the South Stream development (the gas pipeline that would bring 63 billion cubic metres of gas per year to Europe) and that Russia will ask Italy for support in the negotiations with Brussels to gain exemptions in the Third Energy Package.
Russia - the largest economy outside the global trade organization - has spent 18 years trying to negotiate its entry into the body. Now that the talks are over, the Russian government, which has strongly advocated the entry, is facing criticism from many businesses and opposition politicians that the WTO membership would hurt house producers by flooding the market with cheaper imports.
Activists including several dozen Communist Party deputies staged a protest outside the State Duma Tuesday morning to protest Russia's accession, which is considered a done deal since the Duma is controlled by President Vladimir Putin's party.
"The WTO is death to Russia!" one of the posters held by a protester.
Thousands of Russian businesses are wary that the low import duties and caps on subsidies that are a condition of joining the WTO will hurt their businesses. The government, however, insists that the WTO rules will help weed out inefficient players from the market and make Russian companies and their goods more competitive abroad.

Read more here: http://www.sacbee.com/2012/07/10/4620256/russia-to-ratify-agreement-for.html#storylink=cpy
 Russia, the ninth largest economy in the world, would also make itself subject to the WTO dispute resolution system, which gives the United States an important tool to hold Russia accountable for its WTO promises and its future actions on trade.

But the United States will be unable to benefit from these market-opening and rule-of-law changes unless Congress agrees to establish U.S. permanent normal trade relations (PNTR) with Russia. The United States routinely grants PNTR to other countries to ensure consistent and fair trade relations, and WTO rules entail that all member countries treat each other by the same standards.

Once Russia joins the WTO this summer, the WTO's other 150-plus countries will immediately enjoy this significant new access to Russia's 142 million consumers, which includes a growing middle class.
Brazil has imposed special taxes on inbound capital to cool its capital market and stop the real appreciating. China doesn't even pretend to run an open currency or trade regime and despite the huge investment there, foreign companies have a hard time making money or getting profits out. And the administrative trade barriers to foreign business in India are legendary.
In this setup, Russian companies (and foreign companies) are in a much better position to capitalize on the free flow of goods and capital that WTO membership offers. And it is already happening: bear in mind that a quarter of the $85 billion of capital flight in 2011 was actually Russian companies reinvesting profits earned from their foreign assets abroad. (These profits never touch Russian shores and have nothing to do with the Russian economy, but are included in the capital flight numbers because of an accounting quirk.)
There is already a steady stream of consumer-related businesses arriving in Russia, such as all the fast-food companies that arrived last year, like KFC and Burger King. 
The Russian parliament is expected to vote to join the World Trade Organization (WTP) on Tuesday, giving Congress a short window to either adopt trade legislation or risk seeing U.S. companies trail competitors in the world's ninth-largest economy.
Establishing normal trade relations with Russia is a no-brainer for U.S. businesses eyeing a vast export market, but lawmakers in the House and Senate are still debating how to do that while retaining leverage over the country on human right
Russia intends to drive home that point by sending a high-ranking parliamentary delegation to Washington right after the vote to make the case for permanent normal trade relations on Capitol Hill and to the media.
The four Russian senators will focus their discussions on Russia's accession to the WTO, Russian-American bilateral trade and the 2009 death of whistle blowing lawyer Sergei Magnitsky, according to the Russian embassy.
Both parties have latched onto Magnitsky's death, which happened while he was in police custody, to press Russia on human rights. House and Senate panels have passed bipartisan legislation placing financial and travel restrictions on Russian officials involved in Magnitsky's death and other human rights abuses, but Russia has vowed “retaliation” if it becomes law.
Lawmakers are at odds over whether to link the Magnitsky bill to the legislation normalizing trade relations, which has yet to clear either chamber. Sen. Max Baucus (D-Mont.), whose Senate Finance commission has jurisdiction over trade, has proposed doing so, but his counterpart on the House Ways and Means Committee, Rep. David Camp (R-Mich.), disagrees with the move.
Four Russian senators are in Washington today to urge Congress to do away with Cold War-era trade restrictions, a day after the Russian parliament voted to join the World Trade Organization. The Russian senators are also expected to make the case to lawmakers and the U.S. media that Congress should not replace the trade restrictions with human-rights legislation that would slap trade and financial sanctions on Russian human-rights abusers.
Tuesday's vote starts a 30-day clock at the end of which Russia will automatically become a member of the WTO. If Congress hasn't established permanent normal trade relations with Russia by then, U.S. businesses will be at a competitive advantage with the rest of the world for access to the world's ninth-largest economy.

 The Union aims to create an EU-like suprantional group in the Caucasus. Currently, the group is effectively a customs union but by 2015, the goal is to create a regional free-trade zone with a Eurasian Economic Commission to oversee joint policies, and an independent court to judge rules breaches. Unified monetary, tax and macroeconomic policies are eventually supposed to follow.
The reason, of course, is the closed nature of the Russian market, which allows big companies to charge huge margins with impunity and has lead to the astronomical growth and creation of a super-rich class filled by all businessmen that have profitably set up and captured a market niche. That will start to change.
Trade in Russia