THE SMART NEWS SOURCE | Feb 10 2012 10:12 | LAST UPDATED Feb 10 2012 10:12 |
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Stop relying on Europe, says GordhanSouth Africa needs to look in other parts of the world to diversify its trade, and not focus only on Europe, Finance Minister Pravin Gordhan says. China: Trade with Africa transforming the continentChina says its two-way trade with Africa has increased by nearly 45% in a year to hit a record $114,81-billion. BHP-Potash bid decision looms, report of Russian rivalRussian fertiliser company Phosagro is reportedly planning to bid for Potash Corp, rivaling BHP Billiton's $39-billion offer. US urges emerging powers to open marketsEmerging countries such as China, India, Brazil and South Africa must open their markets to secure a new global trade deal, the US said on Wednesday. Trade conditions remain slackTrade conditions in March remained slack, the South African Chamber of Commerce and Industry said on Wednesday. Oil on the agenda as Chávez visits ChinaVenezuelan President Hugo Chávez was set to arrive in China Tuesday on a visit likely to deepen already strong ties that focus on oil. India to triple trade with AfricaIndia expects to triple trade with Africa over the next five years to reach $100-billion, officials said on Wednesday. Venezuela tightens ties with ZimbabweVenezuela and Zimbabwe have signed a cooperation deal to strengthen ties in energy, agriculture, economic and social affairs and culture. Africa looks East for aid and tradeDemand from the booming economies of Asia is fuelling strong growth in Africa and bidding up world prices for its exports, but not all are cheering. African leaders push for single marketLeaders from three major African trading blocs met in the Ugandan capital on Wednesday met to push for a single market. |
Photos about trade
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