Turkey, Iran eye customs deal

Turkey and Iran will implement single customs territory to facilitate trade between the two countries, Turkish Customs Minister Nurettin Canikli announced Wednesday.

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Vladimir Putin: oil price decline has been engineered by political forces

As slumping oil prices dampen Russia’s economic outlook, the country’s President has said that “at some moments of crisis it starts to feel like it is the politics that prevails in the pricing of energy resources”.

Recent tumbles in the value of oil on global markets have been the creation of politicians, Vladimir Putin, President of Russia, suggested on Thursday.

“The obvious reason for the decline in global oil prices is the slowdown in the rate of [global] economic growth which means consumption is being reduced in a whole range of countries”, Mr Putin said. Continue reading

U.S. sales to Russia have only risen since sanctions imposed

U.S. Census Bureau foreign trade data show that exports rose 17 percent from March through May _ the most recent months for which the data is available _ compared with the previous three months, before sanctions were imposed. The value of exports has risen in each consecutive month this year, an unusual trend in a trade relationship that historically fluctuates on a monthly basis.

Russian markets account for less than 1 percent of U.S. exports, but what the U.S. sells to Russia is largely high-tech and expensive goods, including technology and equipment for the energy sector, which faces the threat of targeted sanctions.

Robert Kahn, a senior fellow in international economics at the Council on Foreign Relations, said the rise in exports was evidence that Russian companies were stockpiling goods with the expectation that future sanctions would prevent U.S. companies from selling to their country. Continue reading

China to open high speed rail link to N.Korean border

China will open a high-speed rail line to the North Korean border next year, state media said on Thursday, in a sign that China remains committed to boosting trade and economic ties with the isolated, nuclear-armed state.

The line, under construction since 2010, will run 207 km (127 miles) from Shenyang to the border city of Dandong, which faces North Korea across the Yalu River, and will shorten the train journey from 3 1/2 hours to one hour, the official Xinhua news agency said. Continue reading

Xi’s speech on China-Central Asia ties catches global attention

For more information on the Silk Road and its possible revival, click here and also here.

BEIJING, Sept. 8 (Xinhua) — Foreign experts spoke highly of Chinese President Xi Jinping’s speech on China’s foreign policy toward Central Asia, referring to the Silk Road economic belt he proposed as a grand cause benefiting regional countries.

Xi, currently in Kazakhstan for a state visit, proposed that China and Central Asia join hands to build a Silk Road economic belt to boost cooperation, in a speech delivered at Nazarbayev University on Saturday.

The Silk Road boasts a three-billion population and a market that is unparalleled both in scale and potential, said Xi, urging relevant parties to facilitate trade and investment and remove barriers. Continue reading

Asian countries decide to create trade pact for A-Pac

NEW DELHI: Business leaders of Asian nations today decided to promote new free trade agreements and strengthen the existing pacts to use them as building blocks for creating a Free Trade Area of the Asia Pacific (FTAAP).

According to a joint statement issued after the 4th Asian Business Summit, economic partnership agreements and FTAs will bind Asian economies together and promote greater regional cooperation for expanded trade in goods, services and greater cross-border investment flows, besides dismantling of non- tariff barriers. Continue reading

Implications of new ‘Silk Route’

Dubai: Pakistan Prime Minister Nawaz Sharif’s recent five-day trip to China after assuming power has been termed highly successful in Islamabad. Important deals were inked on this visit that is emblematic of Sharif’s economic policy aimed at fixing the country’s staggering economy. But more significant is the strategic development pertaining to the decision to develop the trade corridor between the two countries — a project with regional implications beyond South West Asia.

The much-publicised agreement to speed work on developing a 2,000-km trade corridor linking Gwadar Port on Pakistan’s Makran Coast to Kashgar in China’s Xingjian province has been called a “game changer” by Sharif. Continue reading

BREAKING: European Commission to criminalize nearly all seeds and plants not registered with government

As oft heard, Socialism is only a bridge to Communism. Today’s modern ‘Troika‘ attempting to grab full control over what Europeans can grow in their own backyards illustrates the direction it’s going as the cycle of history repeats itself. Given the fact Cyprus and Greece (Italy/Spain/France next) can be subjugated by today’s Fourth Reich (Germany) running the EU via economic warfare through the Troika, one shouldn’t be surprised if they have enough leverage to pull this one off — especially since sovereign nations haven’t shown any backbone whatsoever in saying enough is enough.

(NaturalNews) A new law proposed by the European Commission would make it  illegal to “grow, reproduce or trade” any vegetable seeds that have not been “tested, approved and accepted”  by a new EU bureaucracy named the “EU Plant Variety Agency.”

It’s called  the Plant Reproductive Material Law, and it attempts to put the  government in charge of virtually all plants and seeds. Home gardeners who grow  their own plants from non-regulated seeds would be considered criminals under  this law. Continue reading