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Image : Vietnamese fish farmers win $570,000 compensation for mass fish deaths

Vietnamese fish farmers win $570,000 compensation for mass fish deaths

person Orange Themes access_time Dec 23,2016

A group of 11 seafood companies in southern Vietnam have been ordered to recompense families whose fish were killed en masse last year.

Image : Liverpool announce sales partnership with China's JD.com

Liverpool announce sales partnership with China's JD.com

person Orange Themes access_time May 11,2016


Liverpool Football Club launched an online store in China on Tuesday in partnership with JD.com , the country's No.2 e-commerce company.

Image : Thailand's crown prince becomes country's new king

Thailand's crown prince becomes country's new king

person Orange Themes access_time Dec 02,2016

King Maha Vajiralongkorn will be known as Rama X, or the 10th king of Thailand's Chakri Dynasty.

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Vietnam, EU agree in principle on timber trade deal

access_time Nov 18,2016 chat_bubble_outline 71 views
Vietnam, EU agree in principle on timber trade deal

European Commissioner for the Environment, Maritime Affairs and Fisheries Karmenu Vella and Vietnamese Minister of Agriculture and Rural Development Nguyen Xuan Cuong announced the completion of the six-year FLEGT negotiations in Hanoi on November 18 after ten high-level and eighteen technical sessions.

Since the start of negotiations in October 2010, the substance of the VPA has been agreed, though some technical annexes still have to be finalised by negotiators in the next few months. The agreement is expected be ratified next year.

Under the agreement, the two sides will work together to reduce illegal logging and promote trade in legally produced timber through a licensing system for Vietnamese timber and timber products.

It is expected to ensure that Vietnam’s exports of timber and timber products to the EU come from legal sources while promoting domestic wood processing and exports in a sustainable way, expanding international export markets, especially the EU, and enhancing brand value for Vietnam’s wood processing industry.

The most important point in the agreement is that Vietnam will develop a timber legality assurance system (VNTLAS) and will undertake other reforms outlined in the document, including issuing specific legislation to ensure the legality of the timber it imports for further processing.

Addressing the ceremony, Minister Cuong affirmed that the full operation of VNTLAS would contribute significantly to ensuring legal origin of Vietnamese timber exported to the EU through FLEGT.

This is the “passport” for shipments of timber and timber products from Vietnam accompanied by a FLEGT licence without being subject to provisions under the EU Timber Regulation when exported to the EU market, the Vietnamese minister stressed.

Cuong also expressed his wish that after being fully deployed, FLEGT VPA would promote confidence in the legality of timber products exported by Vietnam not only in the EU but also in other export markets, as well as bring greater benefits to the economy, environment and society.

EU Commissioner Vella stressed the need to focus on implementation to ensure that the VPA delivers on its social, environmental and economic goals.

A key commitment is to establish a credible and robust system that involves all stakeholders and includes effective mechanisms to detect violations and ensure law enforcement, he said, adding that the EU would continue to support Vietnam's efforts in this regard and monitor closely how the country works to implement the agreement.

Vietnam is one of fifteen countries that are implementing or negotiating VPAs with the EU. On November 15, Indonesia became the first EU VPA partner country to issue FLEGT licences.

Vietnam is a major timber importing and processing country, which has seen its forest-based industries grow exponentially over the past decade. In 2014, the timber trade between Vietnam and the EU was worth US$705 million.

Inside Paradise Cave

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The Health Benefits of Laughter

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US Treasury chief warns on 9/11 law during Saudi visit

Riyadh (AFP) - A United States law allowing victims of the September 11, 2001 attacks to sue Saudi Arabia could have "serious implications" for shared US-Gulf interests, a top Obama administration official said Thursday.US Treasury Secretary Jacob Lew made the comments at the opening of a meeting with finance ministers from the six-nation Gulf Cooperation Council, whose most powerful member is Saudi Arabia.The US Congress voted overwhelmingly in September to override President Barack Obama's… chat_bubble_outline Read More...

NYC cops: Gold flakes thief believed hiding in Los Angeles

NEW YORK (AP) — New York City police say they believe the opportunistic thief who swiped an 86-pound bucket of gold flakes worth nearly $1.6 million off an armored truck in Manhattan is hiding out on the West Coast.Detectives say the man fled to Orlando, Florida after the Sept. 29 theft before ultimately landing in California. Police believe he's hiding out in the Los Angeles area with the stolen gold.The theft occurred in broad daylight and was caught on street surveillance cameras.Police say… chat_bubble_outline Read More...

Syrian army and allies take village from Islamic State

BEIRUT (Reuters) - The Syrian army and its allies on Sunday drove Islamic State from the village of Soran, east of Aleppo, state media and a military media unit run by Hezbollah reported, bringing them closer to territory held by Turkey-backed rebels.Several overlapping conflicts are being fought in Syria, dragging in regional and global powers as well as the government and local groups, complicating the battlefield in the north of the country and raising the risk of an escalation in the… chat_bubble_outline Read More...

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