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Seoul, Tokyo, Beijing biz leaders agree to form private-sector economic consultative body

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Seoul, May 27 (IANS) Business leaders of South Korea, Japan and China have agreed to form a trilateral economic consultative body to promote economic cooperation and resolve pending issues, the country’s main business lobby said on Monday.

Chey Tae-won, Chairman of the Korea Chamber of Commerce and Industry (KCCI); Masakazu Tokura, Chairman of the Japan Business Federation (Keidanren); and Ren Hongbin, Chairman of the China Council for the Promotion of International Trade (CCPIT), announced a statement on the trilateral partnership in Seoul as quoted by Yonhap news agency report.

The eighth trilateral business summit, which took place for the first time in four-and-a-half years in Seoul, comes on the sidelines of the ninth trilateral summit of leaders from the three nations.

The KCCI, Keidanren, and the CCPIT said in the statement that they had reached a consensus on the need to set up a private-sector, working-level consultative body to jointly respond to pending trade issues amid growing business uncertainties.

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“Geopolitical risks and changes in international trade environments are still adding uncertainties to the three economies. On top of that, climate change, low birth rates, and aging societies have emerged as common issues for them to tackle,” Chey said in an opening speech.

Chey, who leads South Korea’s chips-to-battery conglomerate SK Group, initially proposed the trilateral consultative platform in the private sector.

The three business lobby groups have also agreed to cooperate in digitalisation, trade, and supply chains for the growth of the three countries while vowing to make joint efforts on the issues of carbon emissions and aging societies for sustainable growth, the statement said.

“The three countries are inseparable neighbours and companions as they have long been the biggest trading partners. We hope business leaders will play a pivotal role in strengthening the trilateral economic partnership and benefit from the partnership,” CCPIT Chairman Ren Hongbin said.

The ninth trilateral business summit is scheduled to be held in Japan.

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–IANS

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German exports to non-EU countries down 2.6 per cent in June

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German exports to non-EU countries down 2.6 per cent in June

German exports to non-EU countries down 2.6 per cent in June

Berlin, July 22 (IANS) German exports to countries outside the European Union (EU) continued to fall in June, declining by 2.6 per cent month-on-month to 58 billion euros (63.2 billion US dollars), according to the country’s Federal Statistical Office (Destatis) on Monday.

Compared with a year ago, the decrease in June reached 4.5 per cent, Destatis reported. Exports to Germany’s most important trading partners, including the United States and China, recorded sharp declines of 6.2 per cent and 9.9 percent year-on-year, respectively.

These figures reflect a recent survey among businesses conducted by the IFO Institute for Economic Research, which indicated that sentiment in the German export industry deteriorated slightly in June, with expectations turning negative once again.

“No clear direction is currently emerging,” said IFO expert Klaus Wohlrabe, adding that the country’s export economy still needs significant improvement, Xinhua news agency reported.

Dirk Jandura, president of the Federation of German Wholesale, Foreign Trade and Services (BGA), remarked earlier this month that the weakness of German foreign trade is “largely home-made.” He urged Germany to take a leading role in promoting free trade, warning that without such action, “nothing will happen here in the future.”

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Jandura also cautioned against the European Commission’s tariffs on electric cars imported from China, saying that these measures are not in Germany’s or Europe’s interests. “We must accept international competition rather than isolate ourselves from it,” he added.

–IANS

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25 bodies recovered, 34 missing from two buses hit by landslides in Nepal

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25 bodies recovered, 34 missing from two buses hit by landslides in Nepal

25 bodies recovered, 34 missing from two buses hit by landslides in Nepal

Kathmandu, July 22 (IANS) Twenty-five bodies of the passengers have been recovered while 37 others have remained missing since their buses were swept away into a river by landslides on July 12, a local official said on Monday.

The number of people traveling on the buses was first put at 65, but revised to 62 after verification.

“While three passengers managed to swim out of the river, the dead bodies of 25 have been recovered,” said Indradev Yadav, chief district officer of Chitwan, Xinhua news agency reported.

The whereabouts of the other people and the two buses are still unknown, Yadav told Xinhua, adding that Nepali security forces and a 12-member Indian team are continuing the search operation.

Around 130 people have been killed in rain-triggered incidents in Nepal since the monsoon season started on June 10, according to Nepal Police.

–IANS

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Indonesia's nature reserve welcomes new baby orangutan

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Indonesia's nature reserve welcomes new baby orangutan

Indonesia's nature reserve welcomes new baby orangutan

Jakarta, July 22 (IANS) Indonesia has welcomed a new baby Sumatran orangutan, born at Orangutan Reintroduction Center in Jantho Nature Reserve in the Aceh province.

“The yet-to-be-named female baby was born to Mama Wenda and is in good health,” head of the Aceh Natural Resources Conservation Agency, Ujang Wisnu Barata, said on Monday.

The baby orangutan is believed to be about two weeks old, Xinhua news agency reported.

Jantho Nature Reserve, home to a variety of wildlife, has seen its seventh orangutan birth since the reintroduction program began in 2011. ■

–IANS

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Vietnam's seaport capacity to reach 1.4 billion tonnes by 2030

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Vietnam's seaport capacity to reach 1.4 billion tonnes by 2030

Vietnam's seaport capacity to reach 1.4 billion tonnes by 2030

Hanoi, July 22 (IANS) Vietnam’s cargo output through seaports is expected to reach 1.2-1.4 billion tons by 2030, according to the country’s detailed planning of seaports, harbours and water areas towards 2050 submitted by the Ministry of Transport.

It is forecast that the number of domestic and international passengers passing through the seaports by 2030 will be 17 to 19 million, Vietnam News Agency reported Monday.

The investment capital need for the seaport system by 2030 will be about 351.5 billion Vietnamese dong (13.8 million US dollars), including 72.8 billion dong (2.8 million dollars) for public maritime infrastructure and 278.7 billion dong (11 million dollars) for ports, Xinhua news agency reported.

The country’s cargo output through seaports in the first five months of this year was estimated at over 346 million tonnes, increasing by 17 per cent year on year, said Vietnam Maritime Administration.

–IANS

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Heavy security in Uganda ahead of planned protest in Kampala

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Heavy security in Uganda ahead of planned protest in Kampala

Heavy security in Uganda ahead of planned protest in Kampala

Kampala, July 22 (IANS) Ugandan security agencies have had heavy deployment ahead of an anti-corruption protest in the capital city of Kampala, a police spokesperson said here Monday.

Luke Owoyesigire, deputy spokesperson of Kampala Metropolitan Police, told Xinhua by telephone that various security agencies had already deployed their personnel as a precautionary move.

“They (security officers) are already around. They will be around today, tomorrow, and throughout the week,” Owoyesigire said.

The spokesperson said different groups had engaged in continuous mobilization on social media calling upon people to join in the Tuesday march, which the police decided to stop, saying it would attract criminal activities.

“People have other intentions of destabilizing public peace,” Owoyesigire said, before confirming that a message had been sent out to various sector commanders to deploy in their areas, Xinhua news agency reported.

According to the police, mass occupation of streets would likely result in “significant traffic congestion, disruption of trade, and disturbances to public order.”

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The commanders were ordered to “utilise intelligence, be firm and professional.” They were also ordered to be vigilant, not to allow destruction of property or abuse to human lives.

The President of Uganda Yoweri Museveni, in a live televised address Saturday to the nation, accused the opposition of working with foreign elements to cause chaos in the country through riots, illegal demonstrations and inconsiderate processions.

“These people are unfair and inconsiderate, and they should check themselves, or we will have no alternative but to check them,” Museveni said.

–IANS

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