Word: tradings
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...devastation of the marine environment has to be taken into account," says H. Bruce Franklin, a professor of American studies at Rutgers University and the author of a recent book on menhaden, The Most Important Fish in the Sea. (See TIME's photo-essay "Scenes from the Tuna Trade...
...Tsvangirai has come out against an election. In an interview with TIME earlier this month, the former trade union leader rejected any vote before both sides decided on a new constitution. Only after a draft is agreed upon and put to a referendum - the process set out in the agreement under which Mugabe and Tsvangirai agreed to share power - would elections be possible, he said. "People should not preempt process ... which is understood by all parties to be the law," he added. (See the top 10 news stories...
...example, China's consumer appliance giant Haier is planning to take advantage of the FTA by investing $9 million more into its factories in Thailand to churn out more fridges, washing machines and air conditioners. Indonesia is so jittery by the prospect of such moves that the country's Trade Minister, Mari Pangestu, has notified the secretariat of ASEAN (Association of Southeast Asian Nations) that Jakarta wants to delay the inclusion of hundreds of domestically produced items like textiles, food products and electronics from the accord, fearing that local Indonesian industries could be swamped by cheap Chinese goods...
...Still, the opportunity that the agreement opens up for Southeast Asia is huge. According to HSBC, the China-ASEAN free-trade area will encompass 1.9 billion people and a combined GDP of $6 trillion. To capitalize on this vast market, economists advise Southeast Asian companies to specialize in niche goods and services that China cannot duplicate - and to do it fast. "Given the shifting nature of China's comparative advantage, Asian countries may best re-orientate their economies towards sectors that cannot be easily replicated by China," wrote Kit Wei Zheng, a Singapore-based economist with Citigroup...
...Before the free-trade agreement kicked in this month, Yap was paying customs duty in China on his fish that amounted to roughly 6% of their cost, he says. As a result, China only made up slightly less than 10% of Qian Hu's $67 million in 2009 revenue, a share that Yap aims to triple over the next five to 10 years now that the tariff is gone...