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Exporters See Growth as Government Pushes New Markets

Even as India's commerce ministry wants the exporting community to diversify into new markets to combat the downturn in the developed world, Indian industry says it is easier said that done for a variety of reasons, notably high interest rates. The reaction comes against the backdrop of Commerce Secretary Rahul Khullar asking members of the Federation of Indian Export Organisations (FIEO), an umbrella agency of the government to promote exports, to look beyond .....

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Russia may join WTO before year’s end

It looks like Russia will join the World Trade Organization already before this year is out. Still, almost two decades since Moscow applied for membership, there is a growing sense of uncertainty among many Russians about the expediency of joining the 153-member organization. Narrator: The matter very naturally arose during the recent Russia Calling! economic forum in Moscow, sponsored by the state bank VTB.In his first direct address to investors after announcing that he would run again for president .....

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Despite improved prospects, cereal markets likely to remain tight: FAO

Despite improved production prospects, world cereal markets are likely to remain fairly tight in 2011-2012, UN FAO (Food & Agriculture Organisation) said recently. FAO's quarterly Crop Prospects and Food Situation (CPFS) report published here forecast world cereal production will total 2 310 million tonnes this marketing season, 3 per cent or 68 million tonnes higher than in 2010-11. This was 3 million tonnes more than FAO forecast last month, largely because of improved .....

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Peru: Grape shipments to Asian market increase 100%

Within PROMO 2011 (specialized conferences for export) it was noted that in the last nine years, imports of Peruvian products in all Asian countries grew surprisingly, in particular to Taiwan, China and Thailand, in the order of 35% and is expected to grow over the next five years to 100%. In this sense, Carol Wu, sales manager for the Taipei market, said this growth would be the result -mainly- of the entry of these countries to the World Trade Organization (WTO) in 2005 and the .....