Word: tradings
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...with the German share the largest, at about 27.3 million tons. But last November, E.U. leaders agreed to phase out milk quotas by 2015, increasing the annual production allotment 1% each year until that date, a move most dairy farmers oppose. (Read "Europe Moves Closer to Banning Bluefin-Tuna Trade...
...many years, there has been a layer of academics, policymakers and politicians in the U.S. who have devoted their professional lives to the relationship with Japan. And Americans enjoy Japanese cars and consumer electronics. At the same time, anyone who remembers the depth of anti-Japanese feeling over trade issues in the 1980s knows that familiarity with Japanese goods does not translate into popular support for Japanese interests...
India and China fought a war in 1962 whose acrimonious legacy lingers even while economic ties flourish (China is now India's biggest trade partner). Beijing refuses to acknowledge the de facto border - demarcated by the British empire - and claims almost the entirety of the northeastern Indian state of Arunachal Pradesh as part of its territory. Indian strategic analysts believe Beijing's stance has hardened in recent years, perhaps as a consequence of its increasing economic and military edge over India as well as growing Chinese influence in smaller South Asian countries like Nepal and Bangladesh. Comments made last month...
...real arena for future confrontation, say most Indian strategists, lies not in standoffs on remote, rugged peaks but in the waters all around the Indian subcontinent. The Indian Ocean is the thoroughfare for nearly half of all global seaborne trade, and the coastal states are home to over 60% of the world's oil and a third of its gas reserves. Traditionally, India has imagined the ocean as part of its backyard without investing serious resources in its navy - much more goes to an army and air force that are perched by the land boundaries with the old enemy...
...Uday Bhaskar, director of the National Maritime Foundation, a think tank attached to the Indian navy, need to "evolve some kind of modus vivendi as they establish themselves in the Indian Ocean." But few can divine what that may look like. Part of the problem is that despite booming trade between India and China, there is little political understanding between their governments. "They engage very superficially," says Pant. "There's rarely consensus on any of the fundamental issues." Comparisons have even been made linking India and China's current rapport to the ill-fated understandings between the U.S. and Japan...