Category: Trade

Norwegian industry minister expressed positive progress on free-trade deal with China

Norway aims to reach a free-trade agreement with China by the end of 2020, Norwegian Industry minister said on 8th January 2020, H.E. Torbjoern Roe Isaksen told Reuters during an industry conference in Oslo, “By the end of last year we had good progress in the talks, we continue to be optimistic and think it…

Norway seafood industry hits record breaking export sale in 2019

NORWAY’S seafood industry enjoyed its best ever year in 2019 with export sales hitting a record 107.3 billion kroner – or £9.25 billion – despite slightly lower volumes. Seafood trade between Norway and China grew significantly. Tom-Jørgen Gangsø, director of market insight and market access at the Norwegian Seafood Council, said “We have seen an…

China’s refinery sector to buy Norwegian Johan Sverdrup crude oil in 2020

China appears likely to add Norway into the list of its regular crude oil suppliers in 2020, with the country’s independent refineries especially finding North Sea’s new Johan Sverdrup crude attractive for its competitive price and familiar specification. “We have run multiple tests and found the grade acceptable. Its specification is not bad, which is…

Danish Unifeeder buys majority share from Singaporean Feedertech

The Danish carrier service, Unifeeder has expanded its global reach and closed the gap on market leader X-Press with its acquisition of a majority stake in Singapore-based feeder and shortsea operator Feedertech Group. Unifeeder will buy a 77% stake in Feedertech, with the Singapore registered company’s chairman, Ali Maghami, retaining the remaining 23%. Unifeeder said…

Maersk launched the latest logistics centre in Bac Ninh, Vietnam

The Danish logistics conglomerate Maersk launched a new logistics center in Bac Ninh, Vietnam on 11th December 2019. Danish Ambassador to Vietnam Mr. Kim Højlund Christensen, Mr. Quang Le, Maersk senior executives and Vietbeko Head of Supply Chain were honorary guests along with other distinguished at the opening ceremony. The new warehouse offers premium Warehousing…

EU Ambassador met with Cambodian premier to further strengthen relationship

European Union Ambassador to Cambodia, Ms. Carmen Moreno told Cambodian Prime Minister Hun Sen that the EU will continue to be a development partner of the kingdom, assisting Cambodia’s sustainable economic development during a courtesy call on the premier at the Peace Palace in Phnom Penh on 2nd December 2019. Eang Sophalleth, Prime minister Hun…

Swedish ambassador discussed further cooperation with Cambodia

H.E.Bjorn Haggmark, recently appointed Swedish Ambassador to Cambodia, met on 29th November 2019 with Mr Prak Sokhonn, Cambodia’s Minister of Foreign Affairs, at the ministry where both parties discussed further cooperation. After the meeting, Foreign Affairs Ministry spokesman Koy Koung spoke to reporters regarding the private discussions between the officials from Sweden and Cambodia. “During…

China-Norway Free Trade Agreement negotiations in good progress

“Good progress” is being made on a long-awaited free trade agreement (FTA) between China and Norway, a senior Norwegian official said in Beijing on 29th November 2019, urging further dialogue and an open attitude toward trade to fend off lingering concerns over protectionism. China and Norway reached an agreement on the launch of an FTA…

Malaysia retained its seat in IMO council

Malaysia not only managed to retain its seat for the eighth consecutive term at the International Maritime Organisation (IMO) Council under Category C during a recent re-election.  It also won a record number of votes with 142 out of 165 member countries,in London, 29th November 2019. Malaysia has now held its seat on the IMO…

Panthera Group Thailand sets up new company to help enter and expand in China

The rise of China is undeniable. Increasing growth in spending power and population makes the Chinese market an object of fascination for many businesses, including those in Thailand. However, entering this market can be challenging — cultural and legal differences make it difficult for new businesses to tailor the perfect approach to an unfamiliar country.…