Eurasian Economic Union to boost ties with South America’s largest trade bloc

BUENOS AIRES, November 26. /TASS/. The Eurasian Economic Union, which is due to go into effect in 2015, and the Southern Common Market (Mercosur) have almost agreed on a memorandum of understanding, a minister for trade of the Eurasian Economic Commission told TASS in an interview on Wednesday.

“We have in fact completed the work on the memorandum of cooperation in the economic sphere between the two integration associations,” said Andrey Slepnev, who leads talks with Argentina, the current chair of the Mercosur trade group. Continue reading

China poised to surpass U.S. on business travel spending by 2016

For years Americans have led the world in business travel spending. That is about to change.

With China’s economy surging, business travel spending from the world’s most populous country is expected to jump 14% in 2013 and 17% next year, according to the Global Business Travel Assn., the trade group for corporate travel managers.

China is expected to surpass the U.S. as the world’s largest business travel market by 2016, the trade group says. Continue reading