News

Arab world to tackle food security and African famine issues
The UAE government has joined hands with the Arab Federation for Food Industries and AR Group to roll out an ambitious initiative to support food security in the Arab world and address the famine in the African Horn, according to Trade Arabia News Service.
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China's Aug trade surplus at US$17.8 bln, down from $31.5 bln in July
China's trade surplus contracted sharply to USD$17.8 billion in August, down from $31.5 billion in July, as imports rose to a new record high, according to official data released yesterday, according to Gulf Daily News.
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NZ to update trademark legislation
New Zealand is making moves to update its legislation that will help cut compliance costs for businesses while cracking down on people who import and sell counterfeit goods. Commerce Minister Simon said the two bills, which make up the Trade Marks (International Treaties and Enforcement) Amendment...
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Asia leads growth in flexible packaging market
The global consumer flexible packaging market is worth USD$58.3 billion in 2011 and is forecast to grow at a CAGR of 4.1% to reach $71.3 billion by 2016, according to the latest research from Pira International.
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Spain's Stora Enso's new waste recycling technology
Spanish company Stora Enso Mill has recently inaugurated a new beverage packaging recycling plant which processes used beverage carton from European countries.
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FedEx opens its largest station in Pudong
FedEx Express has opened its largest station in Shanghai which is one of the fastest growing economies in China, totalling US$207.89 billion in imports and exports, up 21% year on year, according to the Shipping Gazette.
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Stevia the new sweet craze?
Stevia is increasingly becoming the leading sweetener choice, partly caused by the momentum in media attention, the potential of new markets, and its FDA GRAS status, according to “Sugar, Sugar Substitute, and Sweetener Trends in the US, 3rd Edition” released by US market research publisher...
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Fonterra and UK's First Milk in whey venture
Fonterra and United Kingdom-based dairy co-operative First Milk have announced a joint venture to produce whey proteins for Fonterra's growing food ingredients business in Europe.
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Coca Cola plans USD$4-bln investment in China
Coca Cola Co in mid August announced plans to invest USD$4 billion in China as food brands scramble to expand in its fast-growing consumer market, according to The Globe and Mail.
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Fonterra seeks to remove unfair advantage for other dairy producers
Fonterra Co-operative Group is proposing changes to the Raw Milk Regulations that will ensure processors supplying New Zealanders with dairy products get their fair share of regulated milk.
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Trans Tasman rules of origin changes
Changes to the Rules of Origin under the Australia New Zealand Closer Economic Relations Trade Agreement (CER), will reduce costs for exporters, according to ab an online report cby Fibre2Fashion, citing Customs Minister Maurice Williamson and Trade Minister Tim Groser.
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Small ship owners told to stop crowding Asia-Europe sector
New capacity coming on Asia-Europe trade lanes threatens to outpace demand while freight rates on east-west deteriorate unless smaller containerships withdraw, according to the Shipping Gazette.
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China appeals WTO decision on raw material exports
China has appealed against a World Trade Organization (WTO) ruling that it illegally restricted exports of key raw materials, according to China Post, quoting the WTO.
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UK soft drinks makers' misleading marketing
UK soft drinks producers have been accused of being “blatantly misleading”, in the way they market their products to children and their parents, according to a report by FoodManufacturer.co.uk.
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UK's Tesco bows out of Japan
Tesco has announced that it intends to sell off its Japan business after eight years trying to break into the market, according to BBC News.
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