Breaking Waves
- Yesterday’s post about the Chinese yuan – or renminbi (RMB) – was timely. About an hour after the post, Chinese vice foreign minister Cui Tiankai was quoted as saying: “The RMB is China’s currency, so I don’t think it is an issue that should be discussed internationally“. Just a tad defensive, isn’t it? Do you suppose this means that China will refrain from discussing other countries’ currencies?
- While I was prowling around the Collier’s International website earlier this week for my post on the world’s top retail corridors, I noticed some other potentially useful stuff for companies looking to set up offices in other markets. Take at look at their summary chart of worldwide leasing guidelines. And you don’t want to try to park in London. Don’t even think about it.
- China plans to make another offer next month in its negotiation to join the WTO’s government procurement code. This code is vital to China because it would ease China’s access to the procurement markets of the world’s major nations. At the same time, China must open up its own procurement market. China tried this once before in 2007, but didn’t make a good enough offer to open its own market – and were turned down by governments that had already liberalized their markets. Let’s hope Beijing is more forthcoming this time.
- Hawaii’s new Republican Congressman Charles Djou is getting into the trade game. Djou has drafted a non-binding resolution that would ask the Obama Administration to negotiate a free trade agreement with the Philippines. Hawaii has long had close ties with the Philippines and has a politically active Filipino community. This puts Hawaii’s Democratic senators and one Congresswoman in a tough spot: support the Filipino community or continue to roll over for the Administration’s anti-FTA stance.
- Fedex, in a bit of good news, argues that we have been underestimating the recovery of world trade from the recession. The company is seeing customers (and shipments) with stronger than expected exports.
- If you have any interest in Mongolia, take a look at my friend Jargalsaikhan Dambadarjaa’s blog post about unregulated “ninja” mining in Mongolia.
This entry was posted
on Saturday, June 19th, 2010 at 6:27 am and is filed under Business Opportunities, China, Exporting, Hawaii, Trade Policy.
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