Tag: Trade
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China to Become World’s Largest Exporter By End of Year
China's Minister of Commerce said Thursday that the country's foreign trade will top $2.9 Trillion this year. He also stated that China will soon be the largest exporter and second largest importer in the world.
China’s Rare Earth Near-Monopoly Could Last 15-Years
The 17 rare earth elements (often called minerals in media reports) are critical for clean technology. China owns about 95% of the current world production. A DoE report says 15 years needed to develop sufficient new sources.
EU Hurts Sri Lanka Economy
On the 15th of February, the European Union decided to withdraw temporarily the preferential tariff benefits under Generalized System of Preferences (GSP) granted to Sri Lanka on the charge that Colombo had indulged in human rights violations.
