South Korea's terms of trades have increased for the 9th straight month. It has increased 2.7% since last year. Imports have declined faster than exports, which is why the terms of trade have increased.
Ekurhuleni, a city in South Africa, is currently carrying out an agenda to fuel economic development in the city. The primary aim is to encourage investment in certain city-owned facilities, mainly a new airport, to combat unemployment, poverty, and inequality. The city is already in position to achieve economic growth, as it has several advantages including convenient location and highway access. This, combined with the ideas of the mayor Mondli Gungubele, are very good signs that Ekurhuleni will be able to gain investors and develop over time.
The article talks about India it was firmly committed to the establishment of a free trade area in south Asia but emphasised that a review of several tariff and non-tariff barriers was necessary to augment formal trade in the region."We are firmly committed towards the establishment of a free trade area in south Asia. The region has a large potential common market and a large skilled low-wage workforce," Minister of State for External Affairs Digvijay Singh said here.There were several tariff and non-tariff barriers to trade in the region which should be reviewed to augment formal trade within the region.
I really enjoyed this article, though it may be a little to subjective at times. However it still arises a great point, this article goes in depth about how the U.S. government has been giving out subsidies to big oil companies. This article also gives a little history and historical background on the topic dating back to when hugo chavez took power in south america. All in all it is a great article.
An increase in the tariff price of sugar in South Africa is threatening to increase prices of "a range of foods, including bread, maize meal, and snacks."
After a vote in Paraguay's congress, the country of Venezuela has been approved to join the South American trading bloc known as Mercosur. However, Paraguay itself was suspended last year due to the impeachment of a president, which was considered anti-democratic. Paraguay is expected to be reintegrated completely after the election of its new president, Horacio Cartes. These events show how closely related politics and economics can be in the realm of trading organizations.