IBfon.Org » usa http://ibfon.org Mastermind of World Trade Wed, 01 Jan 2014 19:34:32 +0000 en-US hourly 1 http://wordpress.org/?v=3.9.1 US extends Iran sanctions exemptions to Turkey, China, India and six other countries http://ibfon.org/us-extends-iran-sanctions-exemptions-to-turkey-china-india-and-six-other-countries/ http://ibfon.org/us-extends-iran-sanctions-exemptions-to-turkey-china-india-and-six-other-countries/#comments Thu, 06 Jun 2013 13:12:39 +0000 http://ibfon.org/?p=164 Continue reading ]]> United States extended six-month sanctions exemptions to Turkey and eight other countries for significantly reducing oil imports from Iran, officials said.

“Today’s determination is another example of the international community’s strong and steady commitment to convince Iran to meet its international obligations.”

Kerry said the nine nations; China, India, Malaysia, South Korea, Singapore, South Africa, Sri Lanka, Turkey, and Taiwan, are on the exemption list because those countries have significantly reduced oil imports from Iran.

The top US diplomat also called the Tehran government to take “concrete actions” to address the concerns of the international community over the Islamic state’s controversial nuclear program, warning that otherwise it would face “increasing isolation and pressure.”

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China to become the largest export market of US by 2022 http://ibfon.org/china-to-become-the-largest-export-market-of-us-by-2022/ http://ibfon.org/china-to-become-the-largest-export-market-of-us-by-2022/#comments Thu, 06 Jun 2013 13:03:16 +0000 http://ibfon.org/?p=160 Continue reading ]]> China will overtake Canada and Mexico to become the United States’ largest export market by 2022.

US’ export to China would at least triple from the current level to reach 530 billion USD, according to a report compiled by the China-United States Exchange Foundation, the China Center for International Economic Exchanges, China’s Ministry of Commerce, and the U.S.-based Center for Strategic and International Studies.

Exports to China would create a GDP worth 460 billion USD for the United States, as well as create more than 3.34 million jobs, an increase of 2.63 million compared to 2010.

If the United States loosened its export restrictions on high-tech and energy products, the export volume could be much higher, the report said.

The report said the US service trade exports to China had grown five folds during 2000 and 2010 in the sectors of legal, consulting, financial and accounting services.

Huge potential for export growth still existed, it said.

At a symposium marking the release of the Chinese version of the report, US Ambassador to China Gary Locke said bilateral trade had exceeded 1 billion USD daily.

“The Chinese and US economies are highly complementary”, he said.

source : aa.com.tr

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