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APEC progresses well with four cooperation priorities
Bollar said during the APEC Economic Leaders’ Meeting 2016 in Peru, APEC leaders delivered a clear message of focusing more on inclusive growth so that a number of initiatives on regional economic integration, trade and investment were raised at this year’s meeting.
Alison Mann, Director General of the Asia-Pacific Regional Integration Division under the New Zealand Ministry of Foreign Affairs and Trade, said New Zealand highly values Vietnam’s proposals and stands ready to work closely with Vietnam in such efforts along the way.
On the prospect of the Free Trade Area of the Asia-Pacific (FTAAP), Bollar said APEC’s action programme on free trade and several works are ongoing.
Mann, for her part, said New Zealand is awaiting the completion of trade agreements to open markets to the Asia-Pacific, stressing that it takes time to complete FTAAP and a lot of effort to achieve its goals.
As Chair of the Working Group on Free Trade Agreements, New Zealand will help member economies devise action programmes to clear obstacles to trade liberalisation, she said.
About the future of APEC after 2020, Mann said New Zealand will promote the agenda until 2021 and is partnering with Vietnam and other member economies on the issue.
US Navy investigates possible missile fire from Yemen
DUBAI, United Arab Emirates (AP) — The U.S. Navy says it is investigating the overnight possible missile attack from Yemen on a group of American warships in the Red Sea.An American defense official told The Associated Press on Sunday that one of the ships saw on radar what sailors believed to be missiles being fired on it out of Yemen at night. The official spoke on condition of anonymity to discuss details of the incident not yet made public.Adm. John Richardson, the Navy's top officer,… chat_bubble_outline Read More...
ADB willing to lend Vietnam a hand to clear toxic debts in banking system: PM
The Asian Development Bank is planning to acquire a troubled commercial bank and may introduce partners who are capable of helping Vietnam to clear its toxic debts, Prime Minister Nguyen Xuan Phuc said Friday at the Vietnam Development Forum. Overhanging bad debts have been a burden on Vietnam’s economic growth since 2012 when total toxic debts, mostly in the real estate sector, reached VND280 trillion ($12.5 billion), equivalent to 11 percent of gross domestic product, Last year, in an… chat_bubble_outline Read More...
Egypt refers two officials to court for migrant boat capsizing
CAIRO (Reuters) - Egypt has referred two maritime inspection officials to trial for their role in the capsizing of a migrant ship that led to the death of over 200 earlier this year, state news agency MENA reported on Saturday.A boat carrying about 450 people capsized off Egypt's northern coast in September. Some 202 bodies were subsequently recovered from the sea and 169 people rescued.The largest Arab nation has said it is committed to developing a strategy to combat what has turned into a… chat_bubble_outline Read More...
China exports drop 7.3% on-year in October
Beijing (AFP) - China's exports slid 7.3 percent year-on-year to $178.2 billion in October, data showed on Tuesday, as weak global demand weighed on the world's second-largest economy.The country's imports fell 1.4 percent to $129.1 billion during the same period, Customs data showed, while the trade surplus dropped to $49.1 billion in the month.It was the seventh straight monthly exports decline, and both imports and exports came in below expectations, with a survey of economists by Bloomberg… chat_bubble_outline Read More...
'Dronejacking' may be the next big cyber threat
Washington (AFP) - A big rise in drone use is likely to lead to a new wave of "dronejackings" by cybercriminals, security experts warned Tuesday.A report by Intel's McAfee Labs said hackers are expected to start targeting drones used for deliveries, law enforcement or camera crews, in addition to hobbyists."Drones are well on the way to becoming a major tool for shippers, law enforcement agencies, photographers, farmers, the news media, and more," said Intel Security's Bruce Snell, in the… chat_bubble_outline Read More...