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BEIJING, May 15, 2017 /PRNewswire/ -- Chinese enterprises can play a critical role in supporting the Belt and Road regions to achieve the 2030 Agenda for Sustainable Development, says the United Nations Development Programme (UNDP) in the 2017 Report on the Sustainable Development of Chinese Enterprises Overseas, launched today during the Belt and Road Forum in Beijing. This is the second report to review and provide recommendations on the sustainable practices of Chinese companies operating overseas. Produced in cooperation with the Chinese Academy of International Trade and Economic Cooperation (CAITEC) of the Ministry of Commerce (MOFCOM) and the Research Center of State-Owned Assets Supervision and Administration Commission (SASAC) of the State Council, the report provides concrete analysis and recommendations on the potential impact of Chinese enterprises operating in Belt and Road regions and the realization of the 2030 Agenda in host countries. The report was launched during the high-level Belt and Road Forum (BRF) by UNDP Administrator a.i, Tegegnework Gettu. "As the growth engine in most developing and developed countries, the private sector contributes significantly to poverty eradication and creating and aggregate income and wealth by generating and providing affordable goods and services," said Gettu. "UNDP hopes the report can serve as a reference, both in principle and in practice, for Chinese enterprises at home and abroad in facilitating the implementation of the 2030 Agenda in Belt and Road regions and build a community of shared interests and responsibility which enhances economic, social and environmental value in a sustainable way," he added. The report highlights the linkages between the 2030 Agenda, the Belt and Road Initiative and the actions of Chinese enterprises operating overseas. These include improving infrastructure, upgrading industries, creating jobs, technology transfer and implementing ecological civilization, all areas that Chinese enterprises are already engaged in and are called on to accelerate by both the BRI and the 2030 Agenda. In 2016, China's non-financial outward direct investment (ODI) reached US$170.11 billion, an increase of 44.1% from 2015. Chinese companies invested in 7,961 overseas enterprises in 164 countries and regions. About 2.8 million jobs were created by Chinese enterprises by the end of 2015, including 1.2 million non-Chinese employees.  The report surveyed 543 Chinese enterprises doing business in the Belt and Road regions and collected opinions from 38 stakeholder representatives. It also includes 18 case studies of Chinese invested overseas projects that showcase best practices in green and sustainable economic development benefitting local communities and contributing to poverty reduction. Survey results show that Chinese enterprises investing in the Belt and Road countries have already developed relatively high levels of awareness of corporate social responsibility, and have in fact invested in the public welfare of local communities. They have made significant strides in the localization of employment, ensuring equal treatment of local and Chinese employees with regards to pay and training, and in applying  local labour, health and safety and environmental regulations. However, survey results also show that there are still improvements to be made by Chinese enterprises, in terms of systematic analysis of social and environmental risks, establishing strategic management systems for sustainable development, strengthening information disclosure and enhancing communications with stakeholders. Overseas Chinese enterprises are increasingly contributing to sustainable development in ways that are mutually beneficial to themselves and to the local community. The vision provided by the BRI as well as support from the Chinese government and other stakeholders are creating an enabling environment for Chinese enterprises to take advantage of profitable business opportunities while also contributing to the sustainable development of countries along the Belt and Road. Please click link to download the report. The video report, produced by Phoenix TV "The Odyssey of Dragon" Programme, will be broadcasted on every Sunday from May 14th to June 4th. UNDP partners with people at all levels of society to help build nations that can withstand crisis, and drive and sustain the kind of growth that improves the quality of life for everyone. On the ground in around 170 countries and territories, we offer global perspective and local insight to help empower lives and build resilient nations. www.undp.org Get in touch: UNDP on Weibo | Media Contacts | WeChat ID: undpchina More resources: Our work | UNDP News


News Article | May 16, 2017
Site: globenewswire.com

LEHI, Utah, May 16, 2017 (GLOBE NEWSWIRE) -- Nature’s Sunshine Products (NASDAQ:NATR), “the Company”, a leading natural health and wellness company engaged in the manufacture and direct selling of nutritional and personal care products, today announced that it has received its direct selling license from MOFCOM, China’s Ministry of Commerce. The license allows Nature’s Sunshine to begin to expand its business scope, including direct selling activities within China. Headquartered in Shanghai, a leading economic center with an urban population of more than 24 million residents, Nature’s Sunshine China began to apply for the direct selling license with MOFCOM following the formation of a joint venture with Shanghai Fosun Pharmaceutical (Group) Co., Ltd. (Fosun Pharma), a leading, local healthcare company, in 2014. The joint venture was the first of its kind between a U.S. company and a Chinese company for direct selling products in China, representing a significant competitive differentiator in the marketplace. “We are greatly honored to receive our license from the People’s Republic of China,” commented Gregory L. Probert, Chairman and Chief Executive Officer. “This marks an important step toward realizing the vision and potential we saw when we joined forces with Fosun Pharma almost three years ago. By bringing Nature’s Sunshine to the people of China, we are opening a tremendous new chapter and growth opportunity in our Company’s 45-year history, and fulfilling our mission to transform lives around the world through our innovative, industry-leading products.” “This is the culmination of more than two years of hard work and dedication in laying the foundation of Nature’s Sunshine China,” said Paul E. Noack, President of China and New Markets. “Today is an historic day for our Company, as this license makes it official that Nature’s Sunshine’s direct selling business has arrived in China. Having made significant investments over the last couple of years, building the infrastructure to support the commencement of operations, we are in a position to begin direct selling activities in the near-term. We are immensely proud of the accomplishments of the China management team, and we are optimistic about the opportunity the China market provides.” China is the world’s second largest direct selling market in terms of retail sales, according to 2015 data from the World Federation of Direct Selling Associations. In 2015, direct selling retail sales in China increased 19.0% to USD $35.5 billion and accounted for 19.3% of global sales. Nature’s Sunshine Products (NASDAQ:NATR), a leading natural health and wellness company, markets and distributes nutritional and personal care products through a global direct sales force of approximately 539,000 independent Managers, Distributors and customers in more than 40 countries.  Nature’s Sunshine manufactures most of its products through its own state-of-the-art facilities to ensure its products continue to set the standard for the highest quality, safety and efficacy on the market today. The Company has four reportable business segments that are divided based on the characteristics of their Distributor base, similarities in compensation plans, as well as the internal organization of NSP’s officers and their responsibilities (NSP Americas; NSP Russia, Central and Eastern Europe; Synergy WorldWide; and China and New Markets). The Company also supports health and wellness for children around the world through its partnership with the Sunshine Heroes Foundation.  Additional information about the Company can be obtained at its website, www.naturessunshine.com. This press release contains forward-looking statements regarding the Company’s future business expectations, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may include, but are not limited to, statements relating to the Company’s objectives, plans and strategies. All statements (other than statements of historical fact) that address activities, events or developments that the Company intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are often characterized by terminology such as “believe,” “hope,” “may,” “anticipate,” “should,” “intend,” “plan,” “will,” “expect,” “estimate,” “project,” “positioned,” “strategy” and similar expressions, and are based on assumptions and assessments made by management in light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, including the following. These and other risks and uncertainties that could cause actual results to differ from predicted results are more fully detailed under the caption “Risk Factors” in our reports filed with the Securities and Exchange Commission, including our Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. All forward-looking statements speak only as of the date of this press release and are expressly qualified in their entirety by the cautionary statements included in or incorporated by reference into this press release. Except as is required by law, the Company expressly disclaims any obligation to publicly release any revisions to forward-looking statements to reflect events after the date of this press release.


News Article | May 16, 2017
Site: globenewswire.com

LEHI, Utah, May 16, 2017 (GLOBE NEWSWIRE) -- Nature’s Sunshine Products (NASDAQ:NATR), “the Company”, a leading natural health and wellness company engaged in the manufacture and direct selling of nutritional and personal care products, today announced that it has received its direct selling license from MOFCOM, China’s Ministry of Commerce. The license allows Nature’s Sunshine to begin to expand its business scope, including direct selling activities within China. Headquartered in Shanghai, a leading economic center with an urban population of more than 24 million residents, Nature’s Sunshine China began to apply for the direct selling license with MOFCOM following the formation of a joint venture with Shanghai Fosun Pharmaceutical (Group) Co., Ltd. (Fosun Pharma), a leading, local healthcare company, in 2014. The joint venture was the first of its kind between a U.S. company and a Chinese company for direct selling products in China, representing a significant competitive differentiator in the marketplace. “We are greatly honored to receive our license from the People’s Republic of China,” commented Gregory L. Probert, Chairman and Chief Executive Officer. “This marks an important step toward realizing the vision and potential we saw when we joined forces with Fosun Pharma almost three years ago. By bringing Nature’s Sunshine to the people of China, we are opening a tremendous new chapter and growth opportunity in our Company’s 45-year history, and fulfilling our mission to transform lives around the world through our innovative, industry-leading products.” “This is the culmination of more than two years of hard work and dedication in laying the foundation of Nature’s Sunshine China,” said Paul E. Noack, President of China and New Markets. “Today is an historic day for our Company, as this license makes it official that Nature’s Sunshine’s direct selling business has arrived in China. Having made significant investments over the last couple of years, building the infrastructure to support the commencement of operations, we are in a position to begin direct selling activities in the near-term. We are immensely proud of the accomplishments of the China management team, and we are optimistic about the opportunity the China market provides.” China is the world’s second largest direct selling market in terms of retail sales, according to 2015 data from the World Federation of Direct Selling Associations. In 2015, direct selling retail sales in China increased 19.0% to USD $35.5 billion and accounted for 19.3% of global sales. Nature’s Sunshine Products (NASDAQ:NATR), a leading natural health and wellness company, markets and distributes nutritional and personal care products through a global direct sales force of approximately 539,000 independent Managers, Distributors and customers in more than 40 countries.  Nature’s Sunshine manufactures most of its products through its own state-of-the-art facilities to ensure its products continue to set the standard for the highest quality, safety and efficacy on the market today. The Company has four reportable business segments that are divided based on the characteristics of their Distributor base, similarities in compensation plans, as well as the internal organization of NSP’s officers and their responsibilities (NSP Americas; NSP Russia, Central and Eastern Europe; Synergy WorldWide; and China and New Markets). The Company also supports health and wellness for children around the world through its partnership with the Sunshine Heroes Foundation.  Additional information about the Company can be obtained at its website, www.naturessunshine.com. This press release contains forward-looking statements regarding the Company’s future business expectations, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may include, but are not limited to, statements relating to the Company’s objectives, plans and strategies. All statements (other than statements of historical fact) that address activities, events or developments that the Company intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are often characterized by terminology such as “believe,” “hope,” “may,” “anticipate,” “should,” “intend,” “plan,” “will,” “expect,” “estimate,” “project,” “positioned,” “strategy” and similar expressions, and are based on assumptions and assessments made by management in light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, including the following. These and other risks and uncertainties that could cause actual results to differ from predicted results are more fully detailed under the caption “Risk Factors” in our reports filed with the Securities and Exchange Commission, including our Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. All forward-looking statements speak only as of the date of this press release and are expressly qualified in their entirety by the cautionary statements included in or incorporated by reference into this press release. Except as is required by law, the Company expressly disclaims any obligation to publicly release any revisions to forward-looking statements to reflect events after the date of this press release.


News Article | May 16, 2017
Site: globenewswire.com

LEHI, Utah, May 16, 2017 (GLOBE NEWSWIRE) -- Nature’s Sunshine Products (NASDAQ:NATR), “the Company”, a leading natural health and wellness company engaged in the manufacture and direct selling of nutritional and personal care products, today announced that it has received its direct selling license from MOFCOM, China’s Ministry of Commerce. The license allows Nature’s Sunshine to begin to expand its business scope, including direct selling activities within China. Headquartered in Shanghai, a leading economic center with an urban population of more than 24 million residents, Nature’s Sunshine China began to apply for the direct selling license with MOFCOM following the formation of a joint venture with Shanghai Fosun Pharmaceutical (Group) Co., Ltd. (Fosun Pharma), a leading, local healthcare company, in 2014. The joint venture was the first of its kind between a U.S. company and a Chinese company for direct selling products in China, representing a significant competitive differentiator in the marketplace. “We are greatly honored to receive our license from the People’s Republic of China,” commented Gregory L. Probert, Chairman and Chief Executive Officer. “This marks an important step toward realizing the vision and potential we saw when we joined forces with Fosun Pharma almost three years ago. By bringing Nature’s Sunshine to the people of China, we are opening a tremendous new chapter and growth opportunity in our Company’s 45-year history, and fulfilling our mission to transform lives around the world through our innovative, industry-leading products.” “This is the culmination of more than two years of hard work and dedication in laying the foundation of Nature’s Sunshine China,” said Paul E. Noack, President of China and New Markets. “Today is an historic day for our Company, as this license makes it official that Nature’s Sunshine’s direct selling business has arrived in China. Having made significant investments over the last couple of years, building the infrastructure to support the commencement of operations, we are in a position to begin direct selling activities in the near-term. We are immensely proud of the accomplishments of the China management team, and we are optimistic about the opportunity the China market provides.” China is the world’s second largest direct selling market in terms of retail sales, according to 2015 data from the World Federation of Direct Selling Associations. In 2015, direct selling retail sales in China increased 19.0% to USD $35.5 billion and accounted for 19.3% of global sales. Nature’s Sunshine Products (NASDAQ:NATR), a leading natural health and wellness company, markets and distributes nutritional and personal care products through a global direct sales force of approximately 539,000 independent Managers, Distributors and customers in more than 40 countries.  Nature’s Sunshine manufactures most of its products through its own state-of-the-art facilities to ensure its products continue to set the standard for the highest quality, safety and efficacy on the market today. The Company has four reportable business segments that are divided based on the characteristics of their Distributor base, similarities in compensation plans, as well as the internal organization of NSP’s officers and their responsibilities (NSP Americas; NSP Russia, Central and Eastern Europe; Synergy WorldWide; and China and New Markets). The Company also supports health and wellness for children around the world through its partnership with the Sunshine Heroes Foundation.  Additional information about the Company can be obtained at its website, www.naturessunshine.com. This press release contains forward-looking statements regarding the Company’s future business expectations, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may include, but are not limited to, statements relating to the Company’s objectives, plans and strategies. All statements (other than statements of historical fact) that address activities, events or developments that the Company intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are often characterized by terminology such as “believe,” “hope,” “may,” “anticipate,” “should,” “intend,” “plan,” “will,” “expect,” “estimate,” “project,” “positioned,” “strategy” and similar expressions, and are based on assumptions and assessments made by management in light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, including the following. These and other risks and uncertainties that could cause actual results to differ from predicted results are more fully detailed under the caption “Risk Factors” in our reports filed with the Securities and Exchange Commission, including our Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. All forward-looking statements speak only as of the date of this press release and are expressly qualified in their entirety by the cautionary statements included in or incorporated by reference into this press release. Except as is required by law, the Company expressly disclaims any obligation to publicly release any revisions to forward-looking statements to reflect events after the date of this press release.


News Article | May 16, 2017
Site: www.thedrinksbusiness.com

The FTA will see China drop a tariff on 93.9% of exported products from Georgia, with 90.9% of products enjoying zero tariff either later this year or early next year, as reported by China’s state news agency Xinhua. The tariff on remaining products will be reduced over a period of five years. Once effective, Georgia will become another wine producing country to be exporting wines to China with zero tariff following Chile, New Zealand and Australia, though tariff on Australian wines will only be completely scrapped in 2019. The agreement was described by the Ministry of Commerce as an important part of the Chinese government’s “One Belt, One Road” initiative that promises to build infrastructure and connectivity in Euroasia spanning more than 60 countries in the region. According to figures released by the Georgian Wine Association, Georgian wine exports to China grew by 98% to 5.3 million bottles in 2016, the highest growth rate among all the countries importing wines from Georgia. China currently is Georgia’s third largest export market behind Russia and Ukraine, but is expected to surpass Ukraine soon with the FTA. Georgia dubbed as ‘the cradle of wine’ produces wines mainly in Kakheti province from two indigenous grapes – Rkatsiteli for white wine and Saperavi for reds.


GUANGZHOU, China, May 18, 2017 /PRNewswire/ -- 2017 China Guangxi Products Exhibition (CGPE), the annual international event that brings companies and products from China's Guangxi Province to the most important global markets, will be held at Messe Offenbach in Offenbach, Germany, from June 2 - 4, 2017 in a move to promote economic and trade cooperation between the province and European countries. A total of 65 enterprises have confirmed their participation and will be exhibiting their products across approximately 70 booths. Up to 4,000 professional buyers are expected to attend. This year's exhibitors will feature products ranging from light industrial arts, food and domestic animal products, medicine and health care products, mechanic-electronic products, mine and chemical products, to textiles and garments. More information about the event, please visit: http://emailer.10times.com/event/chinaguangxiproduct2017.html CGPE aims to help local enterprises in Guangxi to launch new products, target them to the best audience, increase awareness and build brands in the European market. It will also allow participating companies to gain more knowledge about European trade policies, market demand, consumption habits, and strengthen integration and communication between the two regions. Last year's expo, which was held in Mumbai, India, featured 53 exhibitors from Guangxi across an exhibition area of 3,000 square meters, and attracted more than 5,200 professional buyers. It was the first opportunity for the Guangxi-based enterprises to promote themselves in the Indian market, conduct cultural and professional exchanges, and to strengthen trade cooperation. The China Guangxi Products Exhibition (CGPE) is co-organized by Canton Fair Advertising Co. Ltd., which is affiliated with the China Foreign Trade Center, a unit of the Ministry of Commerce of the People's Republic of China. Over the past four years, it has held successful events in India, Thailand, Cambodia and Hungary. About Canton Fair Advertising Co. Ltd. Founded in 1988, Canton Fair Advertising is the member of the "4A" advertising agency of Guangzhou, a standing director unit of both the Advertising Association of Guangdong Province and the Guangzhou Advertising Association, and a deputy chairman unit of the Guangzhou Outdoor Advertising Association.


News Article | April 11, 2017
Site: chinaseafoodexpo.com

In the run-up to the 2017 Spring Festival holidays, online retailer JD.com Inc saw its sales of imported US lobsters surge. The tasty crustaceans have become vogue in China over the last few years. China imported $108 million worth of lobsters from the US in 2016. The lobster trade shows just how interconnected the two countries’ economies have become at a time when trade tensions are flaring. Still, experts said a trade war remains unlikely because the two economies depend heavily on one another. China surpassed Canada to become the US’ largest trading partner in 2015, according to media reports. Dumplings, pork, beef and chicken have usually been the traditional festival dishes in Zhang Yuan’s home, but the 31-year-old brought a bit of exoticism to the table for the Chinese lunar new year in 2017 – lobsters from the US. In early January, the white-collar worker in Shijiazhuang, capital of North China’s Hebei Province, bought six live Maine lobsters from JD.com Inc, China’s second-largest online retailer by sales. “I was surprised that I could get fresh Western seafood the day after I ordered it,” Zhang told the Global Times on Saturday. Maine lobsters are native to the Atlantic coast of North America. The species, which can grow up to 64 centimeters long, is sometimes called the king of crustaceans. Yet, Zhang didn’t consider the ­lobsters expensive on jd.com, where they sold for 325 yuan ($47.1) a kilogram. It was the first time Zhang bought lobsters from the US, but she didn’t think it would be the last. Besides being affordable and delicious, the lobsters turn a deep red when boiled, which makes for a nice trapping for holidays and celebrations, she said. Plus, they were a hit at her family’s lunar new year dinner. “My entire family raved about them,” Zhang noted, beaming with pride. It turns out that the Zhang family was far from the only Chinese family to buy fresh food from the US before the lunar new year. “In the month leading up to this year’s Spring Festival, sales of fresh produce from the US increased eightfold versus a year ago, with sales of American lobsters up over fifteenfold,” Josh Gartner, a spokesman of jd.com, said in an e-mail to the Global Times on Wednesday. From US nets to Chinese doorsteps It appears that most Chinese consumers had never heard of Maine lobsters before 2010, when China imported about $7.4 million worth of the clawed crustacean, according to an Associated Press report in late March this year. As China’s middle class has developed more cosmopolitan tastes, the demand for lobsters from the US has grown, said a Shanghai-based businessman surnamed Xia, who has been selling imported lobsters from the US both online and at his own stores in the city for the last four years. Xia told the Global Times on ­Thursday that his lobster sales have been rising 10 percent to 20 percent a year. In January, Chinese importers like Xia bought 777 metric tons of live whole lobster from the US, worth $14.1 million – up 281 percent year-on-year, according to a report released on Saturday by Norway-based seafood information provider IntraFish. Affordable prices and improved logistics were also responsible for US lobsters’ rapid entry into the Chinese market. It takes less than 72 hours by air to deliver a live Maine lobster from fisherman’s net to Shanghai doorstep, Xia said. Businessmen like Xia have certainly benefited from the rising Chinese demand for American products, but so has the lobster industry in Maine, one of the largest aquaculture states in the US. The Chinese market has been vital to the revival of Maine’s lobster industry, which took a hit from fall prices in 2012 amid a supply glut, the Washington Post reported in 2016. It produces more than 45 million kilograms of lobsters each year, the most in the US, according to a press release issued in late March by the Maine In-tern at ion al Trade Center (MITC). Jeff Bennett, senior trade specialist with the MITC, said Maine has opened an office in Shanghai to chase more Chinese investment, the Xinhua News Agency reported on Wednesday. The lobster industry demonstrates that the US and China have a lot of mutual economic interests, which suggests the two government ought to pursue a policy of cooperation, said Wang Jun, a senior economist at the Beijing-based China Center for International Economic Exchanges. Trade between China and the US hit $519.6 billion in 2016, according to data from China’s Ministry of Commerce. By the end of 2016, mutual in-vestment surpassed $170 billion. China surpassed Canada to become the US’ largest trading partner in 2015, according to media reports. It was inevitable that there would be some friction over trade between the two countries, given that Trump has been complaining about the US’ trade deficit with China, Wang said. Still, neither Wang nor businessman Xia sees the situation degenerating into a trade war. “China-US trade is highly complementary, so the two countries’ governments will work hard in their discussions to settle their disputes and avoid a trade war,” Wang told the Global Times on Sunday. During a meeting Thursday and Friday with US President Donald Trump in Florida, Chinese President Xi Jinping urged cooperation on trade and investment, and the two sides engaged in a comprehensive dialogue, according to Xinhua. Chinese and US officials involved in the dialogue said China is willing to rescind a ban on US beef imports and purchase more US agricultural products, the Financial Times reported on Monday. Importing more agricultural products would help meet the needs of China’s growing middle class. “It is this new consumer class that will change China’s trade patterns with the rest of the world,” Wang said. “It is also likely to help reduce the US’ trade deficit with China.” Driven by strong domestic demand for overseas products, China reported a rare trade deficit in February – amounting to $9.15 billion – its first monthly trade deficit since 2014, according to the latest official customs data. For the first two months of 2017, imports from the US jumped 41 percent year-on-year, while exports rose at an annual rate of 11.5 percent. The US’ politically sensitive trade deficit with China narrowed to $23 billion, down 26.6 percent from the January, according to data from the US Department of Commerce. As China pushes ahead with supply-side structural reforms and maintains sound development momentum, China-US trade and economic cooperation will enjoy bright prospects, Xi was quoted by Xinhua as saying during the meeting with Trump in the US.


News Article | April 25, 2017
Site: en.prnasia.com

BANGKOK, April 25, 2017 /PRNewswire/ -- The Thailand Convention and Exhibition Bureau (TCEB) is returning the Spice Up Thailand campaign for the fourth consecutive year in 2017, adding new privileges for domestic business event travellers and targeting delegates from Asia, especially CLMV countries. TCEB launches Spice Up Thailand 2017 campaign with special privileges for MICE In collaboration with Visa International (Thailand), Tourism Authority of Thailand, Thai Airways, Thai Smile Airways and the Department of International Trade Promotion, Ministry of Commerce, TCEB is offering privileges such as discounts on hotel accommodation, car rental, airport transfers, restaurant dining and golf course green fees. TCEB will also run 'Plan More, Enjoy More' from May to July, 2017, allowing delegates to design their own trips and share their experiences through social media channels using the hashtags #PlanMoreEnjoyMore and #SpiceUpThailand. The participant who obtains the highest number of likes and shares will receive two international air tickets courtesy of Thai Airways. From April to December, delegates can access Spice Up Thailand privileges by registering and downloading the Spice Up Privilege Coupons via the campaign website www.spiceupthailand.com, or pick up the Spice Up Privilege Coupon Booklet at the registration counter. In the campaign's 2016 run, 46 business events by 16 organisers were registered and more than 43,000 coupons were redeemed. The five most popular products redeemed were restaurants, shopping, attractions, spas, and transportation. The top five nationalities participating were China, India, Singapore, Vietnam and the US. If you need any further information, please feel free to contact the campaign's public relations department: Thachasorn Asadathorn, Mobile: +6698-635-6365, Email: 9@ninetynine99.com For Further information on Spice Up Thailand 2017, please contact: Duangporn Permpoonrattanakul         Tel: +662 354 3584 ext. 2015Porntira Chaokijka                                Tel: +662 354 3584 ext. 2016 To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/tceb-launches-spice-up-thailand-2017-campaign-with-special-privileges-for-mice-300445060.html


Organized by the Saudi Ministry of Health, the U.S.-Saudi Arabian Business Council (USSABC), and the Ministry of Commerce and Investment, and held in collaboration with GE (NYSE: GE), the conference is designed to provide a platform to senior business executives and government representatives, from both countries, to review specific commercial and investment opportunities and network with potential business partners. Specifically, the event will introduce U.S. healthcare manufacturers and service providers to opportunities in Saudi Arabia for sales, technical tie-ups, joint ventures and investments in Saudi Arabia's expanding healthcare market. The program will feature panel discussions with U.S. and Saudi company executives who are already successfully engaged in the Saudi market alongside Saudi Government experts from a wide variety of fields, and will present ample networking opportunities. H.E. Dr. Tawfig AlRabiah, Saudi Minister of Health, said: "Saudi Vision 2030 has given us a driving force to move forward with solid steps regarding the reforms needed to uplift the level of healthcare in the Kingdom. Key to these reforms are public private partnerships and global best practices. We are reaching out to foreign investors in this vital sector, and want to spearhead this initiative by coming into contact with as many key players as possible from the United States." H.E. Dr. Majid AlKassabi, Saudi Minister of Commerce & Investment added: "As a part of Vision 2030, the Kingdom is seeking to form and encourage partnerships with firms to raise the competitiveness and productivity across the healthcare industry. The Saudi Horizons Healthcare Conference will bring together the American and Saudi public and private sectors to explore Saudi Arabia's rapidly expanding and re-structuring healthcare market. These changes are creating lucrative and exciting opportunities for local and foreign investors alike." Emphasizing the importance of the event, Edward Burton, USSABC President and CEO said, "This is a unique opportunity to inform the American business community in the healthcare industry about the unprecedented market growth opportunities in this critically important sector within the Kingdom of Saudi Arabia. It will also provide unequaled access to the key government and private sector decision makers who are having high developmental impact on the direction of this industry." Confirmed Saudi high-level officials and executives to address the conference include H.E. Dr. Tawfig AlRabiah, Minister of Health; H.E. Dr. Majid AlKassabi, Minister of Commerce and Investment; H.E. Dr. Qasim Al Qasabi, CEO, King Faisal Specialist Hospital and Research Center; Dr. Hisham Al-Jadhey, CEO, Saudi Food and Drug Administration; Dr. Mahmoud Al-Yamany, CEO, King Fahad Medical City; and Fahad Al Rasheed, Managing Director and CEO, King Abdullah Economic City. Distinguished U.S. senior executives confirmed to speak at the conference include Mr. Jeffrey Immelt, Chairman and CEO, GE; Dr. Omar Ishrak, Chairman and CEO, Medtronic; Dr. Paul Rothman, CEO, Johns Hopkins Medicine; Dr. Marc Boom, President and CEO, Houston Methodist Hospital; and Mr. Dennis Kogod, CEO Emeritus, DaVita International. Saudi Arabia has allocated $32 billion for healthcare and social spending in its 2017 budget, an increase of nearly $5 billion over 2016 and a significantly larger budget than any other country in the Gulf Cooperation Council (GCC) region. In addition, demand for healthcare services in Saudi Arabia is projected to increase by 25 percent through 2025 with expenditure in the sector growing at an annual rate of 10 percent. Over the next five years, Saudi Arabia is expected to spend $180 billion on healthcare: an additional $100 billion on healthcare service provision, $54 billion on pharmaceuticals, and $14 billion on medical products. For media interested in attending and covering the Conference, please contact: Jay Ennis Director, Communications and Information Services U.S.-Saudi Arabian Business Council Tel.: 703-962-9300 Email: jennis@us-sabc.org The U.S.-Saudi Arabian Business Council (USSABC) was established in December 1993 to improve the mutual knowledge and understanding between the private sectors of the U.S and Saudi Arabia and to promote and facilitate increased trade and investment between the two countries. The USSABC has built a membership base of approximately 350 leading companies in the U.S. and Saudi Arabia and serves as the central source of information and assistance for companies that want to pursue specific business activities in Saudi Arabia.  The USSABC organizes conferences and seminars in both countries to promote dialogue between the two private sectors, as well as trade and investment missions that provide networking opportunities for U.S. and Saudi companies. For more information on the Business Council, please visit www.us-sabc.org. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/saudi-arabia-seeking-us-partners-unprecedented-partnership-opportunities-to-be-unveiled-at-saudi-healthcare-conference-in-boston-300440388.html


News Article | April 22, 2017
Site: news.yahoo.com

FILE - In this April 1, 2016, photo, cars line up at at a gas station in Pyongyang, North Korea. Car users in Pyongyang are scrambling to fill up their tanks as gas stations limit services and close their gates amid concerns of a possible shortage. The cause of the restrictions or how long they might last were not immediately known. (AP Photo/Eric Talmadge, File) PYONGYANG, North Korea (AP) — Car users in Pyongyang are scrambling to fill up their tanks as gas stations begin limiting services or even closing amid concerns of a spreading shortage. A sign outside one station in the North Korean capital said Friday that sales were being restricted to diplomats or vehicles used by international organizations, while others were closed or turning away local residents. Lines at other stations were much longer than usual and prices appeared to be rising significantly. The cause of the restrictions or how long they might last were not immediately known. North Korea relies heavily on China for its fuel supply and Beijing has reportedly been tightening its enforcement of international sanctions aimed at getting Pyongyang to abandon its development of nuclear weapons and long-range missiles. The issue was raised at a regular Chinese Foreign Ministry news conference in Beijing on Friday after a Chinese media outlet, Global Times, reported gas stations were restricting service and charging higher prices. But spokesman Lu Kang gave an ambiguous response when asked if China was restricting fuel deliveries. "As for what kind of policy China is taking, I think you should listen to the authoritative remarks or statements of the Chinese government," he said, without elaborating on what those remarks or statements are. "For the remarks made by certain people or circulated online, it is up to you if you want to take them as references." One of China's top North Korea scholars, Kim Dong-jil, director of the Center for Korean Peninsula Studies of Peking University, said he had not heard of new restrictions on fuel to pressure Pyongyang, but said they are considered to be an option. China's Ministry of Commerce had no immediate comment. Gasoline was selling at $1.25 per kilogram at one station, up from the previous 70-80 cents. According to a sign outside a station where ordinary North Korean vehicles were being turned away, the restrictions took effect on Wednesday. Gasoline is sold in North Korea by the kilogram, roughly equivalent to a liter (0.26 gallon). When buying gas in North Korea, customers usually first purchase coupons at a cashier's booth for the amount of fuel they want. After filling up the tank, leftover coupons can be used on later visits until their expiration date. A common amount for the coupons is 15 kilograms (19.65 liters or 5.2 U.S. gallons). Supply is controlled by the state. The military, state ministries and priority projects have the best access. Several chains of gas stations are operated under different state-run enterprises — for example, Air Koryo, the national flagship airline, operates gas stations as well. Prices can vary from one station to another. Traffic in Pyongyang has gotten heavier than in past years, when visitors were often struck by the lack of cars on the capital's broad avenues. The greater number of cars, including swelling fleets of taxis, has been an indication of greater economic activity, as many are used for business purposes, such as transporting people or goods. Associated Press writer Christopher Bodeen in Beijing contributed to this report.

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