Welcome to the Wade Trade News import-export bulletin for November 2009. The aim of our free monthly bulletin is to bring you a handy summary of the latest world trade news, plus details of sites you'll find useful. This month you will find news on China, Central Asia, the ASEAN countries and Latin America, sites to help you with language problems and to trade gifts - and details of Google Export Adviser. Take a look now .... you could find something that will help you make money.

* China Now Main Driving Force Of World Growth
According to a recent report by the China National Bureau of Statistics (NBS) China now leads the world in terms of contribution to global economic growth. The country contributed 19.2% to world economic growth last year, up from 2.3% in 1978 the report said. China's Gross Domestic Product (GDP) was US$30 billion in 1952, more than doubling by 1960, and reached a massive US$3.86 trillion in 2008. China had also become the world's third largest economy in 2008 by accounting for 6.4% of global GDP. However, while Gross National Income Per Capita has been catching up with the rest of the world China is still well behind most of the countries of the world. In 2008 Gross National Income Per Capita was US$2,700, placing China 130th out of 206 countries.

* ASEAN - South America Trade Has Potential For Growth
As trade between Asia, the USA and EU continues to stagnate due to the world recession ASEAN (the Association of Southeast Asian Nations) countries are now increasingly looking at Latin America to sell their products - a senior official at the ASEAN Secretariat Office (http://www.aseansec.org) said recently. Deputy Secretary General of ASEAN Sundram Puspanathan said recently: "Latin America is a promising new emerging economy region that promises lucrative markets for ASEAN products. Trade between ASEAN and Latin American countries has been demonstrating significant growth. Trade value between the two economies showed tremendous growth, reached US$24 billion from 2006-2007 with a growth of 200% in that period, with surplus going to ASEAN countries." According to the ASEAN Deputy Secretary General, Brazil and Mexico have been the main countries involved in increasing trade with ASEAN countries.

According to ASEAN a number of countries in these two regions are discussing bilateral trade relationships, with Chile and Singapore having already set one up. Currently the main exports from ASEAN to Latin America are agriculture, footwear and sugar products. Significant imports include alcohol and fertiliser, according to Sundram.

* Google Export Adviser
You probably know about Google. Like us you probably use it every day to search for the websites you need. But you might not know about Google Export Adviser. Together with partners including UK Trade & Investment (UKTI), HSBC, Royal Mail, Institute of Export (IoE), Applied Language and Alibaba.com, the Google Export Adviser will help your business overcome the major barriers to exporting with useful tools, practical insights and relevant offers to enable your business to reach new markets and grow internationally. Google Export Adviser offers you a handy five step exporting guide, together with seminars on exporting.

Now Google Export Adviser is a little bit sneaky in that it pushes you towards using the services provided by its partners - some of which are quite expensive. But the basic service is free so still worth taking a look at. Website: http://www.google.co.uk/intl/en/exportadviser/

* Caucasus And Central Asia To Lead Global Recovery
According to the IMF (http://www.imf.org) the countries of the Caucasus and Central Asia (also known as CCA) are to be amongst the first to see recovery in their economies in 2010. "The region as a whole should see a modest recovery in 2010, although the degree of the upturn will vary amongst countries," Masood Ahmed told an economic forecast briefing recently. The region has been severely affected by the global economic downturn, with growth projected to drop from 6.6% in 2008 to 1.5% in 2009.

The IMF expects that the energy exporters of the region such as Azerbaijan, Turkmenistan and Uzbekistan will record solid growth in 2009, owing to long term energy export contracts, supportive policies and limited linkages to international markets. "With increasing global energy demand, most energy exporters are expected to grow strongly in 2010," the IMF said. However, the IMF pointed out that the region's energy importers namely Armenia, Georgia and Tajikistan are facing a severe slowdown in growth and deteriorating living standards as a result of the reduction in remittances, especially from Russia.

* Applied Language Solutions
Having access to translation services can open up new opportunities in countries where English isn't spoken, or isn't spoken well. But you need a reliable translator to get started in these markets. Applied Language Solutions is a specialist translation services provider, dedicated to providing high quality professional language translation at competitive prices. Their global database of 14,000 professional in-country translators are ready to translate your documents whatever your need. From website translation, technical manuals, letters or documents Applied Language can provide your translation to short deadlines. Since their formation in 2003 they have worked for some of the world's most recognised and respected brands and in over 150

languages worldwide. They can also arrange interpreting should you need it. Tel. 0845 367 7000 from the UK. Website: http://www.appliedlanguage.com

* Gift Focus - Free Magazine
Gifts are a popular, easy product for import-export. If you're interested in getting started here's a handy resource. Gift Focus is a leading trade magazine read by thousands of, mainly UK-based, trade contacts. Every issue of Gift Focus provides you with the very latest products, advice, inspiration, contacts and a wealth of professional help in choosing product lines. The main categories of goods covered are: Children's products/games. China/glass/ceramics. Christmas products. Collectables. Craft products. Executive gifts. Fashion accessories. Furniture/lighting. Garden products. General giftware. Homeware. Interior accessories. Jewellery/watches. Kitchenware. Prints/pictures/frames. Stationery/desk items. Tabletop. Toiletries/aromatherapy. You can download copies of the magazine for free. Visit: http://www.giftfocus.co.uk

* More Useful Links
That's all for this month .... we'll be back to you in December with more helpful news and tips. Meanwhile, if you need more help or information on the products Wade World Trade has for you, including our seminars and courses, just visit our site at http://www.wadetrade.com. Look forward to seeing you there!

Until next month,

 

Mark Hempshell
Editor