WadeTradeNews

Welcome to the latest edition of Wade Trade News - Wade World Trade's free monthly bulletin of trade leads and tips. This month we have news-you-can-use and trading links for Japan, the eurozone countries, Dubai, Vietnam, India and Tunisia - plus a great site that can link you to trading contacts in 20 countries worldwide!

Japan Economy Improving
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The Japanese economy has been sluggish, impacting on the world economy, for several years. But now, according to the Bank of Japan, the country's economy is improving or growing in all of the country's nine areas. The bank says 'The economy as a whole expanded moderately as all regions remained on an expansion or recovery trend, although there were regional differences.' Hokuriku and Tokai said their economies were expanding gradually. In western Japan's Osaka region, exports are solid and business investment is said to be robust. Tohoku, the northernmost region of the main Honshu island, is expanding due to 'solid consumption'. BOJ Governor Toshihiko Fukui also announced that Japan's economy is expected to keep on growing over the next year.

If you want to trade with Japan then the Japan External Trade Organisation (JETRO) site should be your first stop - www.jetro.go.jp. There are also links for individual JETRO sites for over 35 countries worldwide.

Eurozone 'Makes Good Start In 2007'
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The eurozone economies started 2007 on a sound footing, the European Commission has said in a recent report. The eurozone countries grew 3% in the first quarter of 2007 and economic growth was mainly due to strong domestic demand (although consumption contracted slightly and export growth actually decelerated in the first three months).

The report said that that some eurozone countries have performed much better than others sharing the same currency. For example, German exports declined by 1.2% in the first quarter after a very strong growth of 6% in the last quarter of 2006. France is blaming the rise of the euro against the Japanese yen and the US dollar for slowing French exports.

Dubai Major Used Car Trading Centre
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Following our report in last month's bulletin about Dubai's growing trade comes the news that Dubai is becoming a major import-export centre for used cars - opening up new opportunities for traders. Dedicated zones for trading used cars in Dubai have made the city a major source of supply of used cars for most of the neighbouring countries and countries in North Africa and Eastern Europe. Imports of used cars increased by 15.8% to Dh1.85 billion in 2006, representing 121,379 vehicles. Actually, the majority of Japanese made used cars exported from the US to Dubai in 2006 were then re-exported to the other GCC countries of Saudi Arabia, Oman, Qatar and Bahrain. Car exports to Iraq and Afghanistan fell, while exports to Iran, Libya, Angola, Sudan, Yemen, Kenya and Ethiopia all increased considerably.

Vietnam Honours Promise To End Export Incentives
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As of the end of June 2007 the Vietnamese government stopped paying cash bonuses to enterprises which achieve high export levels. It follows Vietnam's entry into the WTO last January. (WTO rules allow member countries to support research and development, disadvantaged areas in a country and environmental protection, but ban other forms of support including export subsidies and incentives.)

However, Vietnam is still expected to grow fast as a major trading country. The country's ambitious export goal is to reach US$100 billion in export value by 2010, according to the trade ministry. Vietnam's exports in the first half this year jumped 19.4% to US$22.5 billion. The nation's four main export markets now are the EU, USA, Japan and China. Trade officials said exports to the US were forecast to rise 35% from last year to nearly US$11 billion this year while exports to Europe would jump 22%.

India Ends 'Unfair' Import Duty On Wines & Spirits
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India has withdrawn the additional customs duty to be paid on wines and spirits - potentially opening access to a massive new beverages market - in a move to end disagreements with the USA and EU over the high duties. In March, the USA asked the WTO to examine the tariffs India was imposing on wine and spirits because they were up to 550% in some cases. The USA and other trading nations claimed the inflated tariffs were unfair and were limiting their entry into what should be an important export market. However, although it has dropped additional customs duty, India has raised the basic customs duty to be paid on wines from 100% to 150%, making it equal to that of spirits. This increase reaches the maximum imposed by the World Trade Organisation.

Tunisia Economy Grows 6.5% In Just Three Months
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Tunisia's economy grew 6.5% in the first quarter of 2007 compared to just 1.1% in the first quarter of 2006 - mainly due to its expanding manufacturing, transport and telecoms sectors. Manufacturing industry grew 32.5% while transport and telecoms grew 10.8% - according to the National Statistics Institute data. The major textile and clothing sector grew 2.3%, although food processing growth fell 2% with agriculture and fishing growth up 0.8%. The government expects the economy to grow by 6% overall this year before reaching an average annual growth of 6.3% in the coming decade.

The Tunisian Foreign Investment Promotion Agency (FIPA) has a very professional site packed with useful trading information at www.investintunisia.tn. Also try the Tunisian Exports Promotion Center (CEPEX) at www.cepex.nat.tn (English version available).

Access Direct Trading Links With Twenty Countries Worldwide
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Trading in partnership with a commercial agent is a good way to find customers for your product, or products for your customers. The easiest way to find them is through the International Union Of Commercial Agents & Brokers (IUCAB) website at www.iucab.nl. IUCAB represents over 470,000 agents in Austria, Belgium, Canada, Cyprus, Denmark, Finland, France, Germany, Great Britain, Ireland, Italy, Lithuania, Mexico, Netherlands, Norway, Spain, Sweden, Switzerland and the USA. Their site enables you to find agents according to name, location and products handled. If you're a commercial agent yourself you can also find out about the national associations you might want to join.

Don't Tell the Professionals Offer
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Wade World Trade : All You Need To Become A Successful Import/Export Agent
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The aim of this free bulletin is just to bring you a few selected trade tips each month. They are just a very, very small selection of what Wade World Trade can do for you.

Our products and services include professional self-study courses, manuals, advice, information, online resources and worldwide trade and business contacts - more or less everything you need to start up or expand your import-export business. To find out more, visit us at our website at www.wadetrade.com - we're open 24/7.