News

Aussie two-way trade with China topped $100 bln
Australia's two-way trade with China topped Aus$100 billion ($US105.64 billion) for the first time last year, data showed Wednesday, with surging coal and iron ore exports boosting national coffers.
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China's 2010 GDP grew 10.3% over year earlier
China maintains a rapid and healthy economic growth, as its 2010 gross domestic product grew 10.3% over a year ago, putting China’s economy over Japan’s, according to People’s Daily.
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Tru-Test Group buys into Brazil distributor
Tru-Test Group, New Zealand’s world leading manufacturer of electric fencing systems, milk metering and animal weighing systems is investing heavily in Brazil in the next step on its international growth path.
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China likely to reduce duty on imported luxury items
It is only a matter of time before China moves to reduce import duty on luxury goods, according to ChinaDaily, quoting Yao Jian, a Ministry of Commerce spokesman.
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Google's head-head challenge for Facebook market
Google is taking on Facebook with the unveiling of its latest attempt to build a social network modelled directly on its fast-growing rival, according to the Financial Times.
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Fonterra to face uphill climb in China - analyst
Fonterra may face an uphill struggle in its bid to expand in China despite the promise of significant market growth, according to DairyReporter.com.
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Maersk to charge for no-show cargo, will pay for cargo not loaded
Maersk, the world's largest container shipping line, has told shippers they now face extra charges for cargo that does not show up, but at the same time, the company also said it will also compensate shippers for cargo that is not loaded, according to the Shipping Gazette.
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NZ study shows food chain safe from bacteria resistant to antibiotics
A new Ministry of Agriculture and Forestry (MAF) survey has shown no human health implications from antimicrobial resistance in New Zealand food-producing animals and fresh produce, according to Foodworks.co.nz.
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More Kiwi red wine for China?
Kiwi winemaker Brent Marris has concluded a deal to start exporting wine to China.
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Kiwi Smoobo blender, portable dishwasher vye for Electrolux design award
An innovative blender using bouncing ball technique, a portable dishwasher and a heat grenade are among the Kiwi inventions that will compete in a global Electrolux Design Lab competition.
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NZ needs more asparagus growers?
New Zealand's asparagus industry is facing a grave shortage of growers making it impossible to meet demand, according to the Timaru Herald.
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PET bottles dominate beverage packaging
PET bottles continue to gain a bigger and bigger share of the global beverage packaging market, helped by the popularity of juices and RTD tea, according FoodProductionDaily, citing an Euromonitor report.
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Mars Chocolate warns of global cocoa shortage by 2020
Confectionery giant Mars predicts a major cocoa shortage by 2020 and reveals harmonization of global cocoa certification programmes to ensure meaningful income hikes for farmers is one of its sustainable cocoa project goals, according to ConfectioneryNews.com.
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BNZ and NZTE's new fund for small business
BNZ is joining forces with New Zealand Trade and Enterprise (NZTE) to provide up to $1.5 million to support the expansion of New Zealand businesses, helping to drive growth and improve performance.
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China puts tariff on NZ dairy imports despite free trade pact
New Zealand's booming dairy export trade with China has been hit with trade sanctions at least seven times since the free trade agreement between the countries began in 2008, according to Radio NZ.
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