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Dublin: 10 °C Tuesday 22 October, 2019

#Trade

From TheJournal.ie Column: Let's stop pussyfooting around the Bloxham debacle Opinion

Column: Let's stop pussyfooting around the Bloxham debacle

Former trader Nick Leeson is fed up with the light-touch reporting on the Bloxham demise – and with what he deems as inaction by the Central Bank and Financial Regulator.

From TheJournal.ie EU takes legal action against Argentina over imports policy Trade

EU takes legal action against Argentina over imports policy

The European Union says Argentina insists on pre-approving imports, a policy which effectively throttles EU exports.

From TheJournal.ie Revealed: the single country that's hurting Ireland's trade balance Trade

Revealed: the single country that's hurting Ireland's trade balance

There’s one single country from which we are importing more and more stuff – and it’s hurting our overall trade figures.

From TheJournal.ie GALLERY: Ireland's 20 most improved trading partners in 2011 Trade This post contains images

GALLERY: Ireland's 20 most improved trading partners in 2011

We’ve ranked the countries with which Ireland has the best surplus of exports – and seen where that’s grown in 2011.

From TheJournal.ie Fornication, planning and right-wing dictatorship: the week in statistics In Numbers

Fornication, planning and right-wing dictatorship: the week in statistics

Plus – the man who came back from the dead, the amount we have to spend each month, and how many Nokias in Manchester United?

From TheJournal.ie China fish trial ‘major boost’ for Irish fisheries – Simon Coveney Fisheries

China fish trial ‘major boost’ for Irish fisheries – Simon Coveney

Ireland’s trade mission to China has secured 155 per cent increase on its quota for boarfish, which has been described as a “real opportunity and a boost to Irish fishermen and processors”.

From TheJournal.ie Imports and exports down in February – CSO Trade

Imports and exports down in February – CSO

Ireland’s trade surplus declined by €197 million over the first two months of 2012, with both exports and imports falling.

From TheJournal.ie Ireland to share horse breeding knowledge with China Breeding

Ireland to share horse breeding knowledge with China

But the tips won’t come cheap.

From TheJournal.ie Kenny pressed on human rights issues ahead of China trip China

Kenny pressed on human rights issues ahead of China trip

It has been billed by the Government as a trade mission but should human rights issues be ignored?

From TheJournal.ie Buses, oil and Facebook passwords: the week in statistics In Numbers

Buses, oil and Facebook passwords: the week in statistics

Plus: An all-time record for Irish exports, and how many of the government’s 109 TDs were in the Dáíl on Wednesday night…

From TheJournal.ie Irish exports recover in January to follow record trade surplus Trade

Irish exports recover in January to follow record trade surplus

CSO figures show that the trade surplus reached €3.25 billion in January, while the confirmed figures for 2011 are the best ever.

From TheJournal.ie Trade surplus falls by 23 per cent in December Trade

Trade surplus falls by 23 per cent in December

Ireland’s seasonally adjusted exports fell by €750m in December 2011, while imports rose to chip away at the trade balance.

From TheJournal.ie Record levels of Irish exports in 2011 - Enterprise Ireland Exports

Record levels of Irish exports in 2011 - Enterprise Ireland

The enterprise agency has painted a positive picture for exports in 2011 despite them falling by nearly 5 per cent in October.

From TheJournal.ie Explainer: Why would Ireland stick with the euro? Euro

Explainer: Why would Ireland stick with the euro?

Amid market pressure on the single currency and a major EU summit to ease that pressure, read up on TheJournal.ie’s guide to why Ireland wants to keep the euro.

From TheJournal.ie China predicts grim outlook for global economy during trade talks China USA

China predicts grim outlook for global economy during trade talks

China has insisted that “imbalanced growth” is better than balanced recession – confirming it plans to focus on bolstering its own economy before addressing trade strains with other countries.

From TheJournal.ie Column: Is the euro really essential to our economy? Opinion

Column: Is the euro really essential to our economy?

Fine Gael TD Eoghan Murphy doesn’t want to see us drop the euro – but if it’s a choice between staying in the eurozone or keeping control of our domestic fiscal affairs…

From TheJournal.ie Exports up 10 per cent in one month Exports

Exports up 10 per cent in one month

The CSO’s latest figures show that exports increased by 10 per cent in August – good news following a poor performance in July.

WIN: Tickets to this weekend's Irish Craft Beer fest

Craft brewers of Ireland are showcasing their wares in Dublin’s RDS weekend – and they want TheJournal.ie readers to join them…

From TheJournal.ie Exports fall by 12 per cent in just one month Trade

Exports fall by 12 per cent in just one month

The value of Irish exports fell by €935m in July – denting hopes that external trade could help to refloat Ireland’s economy.

From TheJournal.ie Irish export growth to slow as outlook for key markets dims - NIB Trade

Irish export growth to slow as outlook for key markets dims - NIB

National Irish Bank is less optimistic on Irish export growth as eurozone economies slow down.

From TheJournal.ie Ireland records its highest ever trade surplus Trade Surplus

Ireland records its highest ever trade surplus

Ireland’s trade surplus hit its highest level in June as exports rose by almost 6 per cent.

From TheJournal.ie Ireland's trade surplus rises 44% in May Trade

Ireland's trade surplus rises 44% in May

New figures from the CSO show that Irish imports fell sharply in May.

From TheJournal.ie Column: Yes, the global economy is in turmoil... but banks have to start lending Opinion

Column: Yes, the global economy is in turmoil... but banks have to start lending

Ireland needs to order its banks to resume lending to small and medium businesses in order to fuel a recovery, argues Nick Leeson.

From TheJournal.ie (Short) stay now: Visa waivers for Olympic visitors Visa Waiver

(Short) stay now: Visa waivers for Olympic visitors

Government launches new visa waiver programme for 16 countries to entice them over to Ireland during the London 2012 Olympics and beyond…

From TheJournal.ie Exports fall for second month in a row Trade

Exports fall for second month in a row

Ireland’s exports dropped by almost €200million in April – but overall figures show they are still significantly higher than in 2010.

From TheJournal.ie China posts trade deficit for first quarter of this year China

China posts trade deficit for first quarter of this year

Suggestions have surfaced about one of the world’s largest economies slowing down after China posted its first quarterly trade deficit in seven years.

From TheJournal.ie Irish exports hit €162.7bn for 2010 Exports

Irish exports hit €162.7bn for 2010

Latests data shows an increase of 6 per cent in Irish exports for last year compared with 2009.

From Business ETC Exports rose during 2010: CSO Trade

Exports rose during 2010: CSO

The value of exports increased by six per cent in 2010 on the previous year, driven partly by the pharmaceutical industry.

From TheJournal.ie Irish exporting sector continues to boom Trade

Irish exporting sector continues to boom

The trade surplus – the amount by which Ireland’s exports exceed its imports – grew in September.

From TheJournal.ie Drinks industry warns of pub "meltdown" Alcohol

Drinks industry warns of pub "meltdown"

Sales of drink are up for the year, but fewer people are drinking it pubs.

IRAN HAS SAID that it is willing to return to negotiations with western powers about the exchange of nuclear fuel, despite the European Union imposing harsh new sanctions on the country on Monday.

Iran denies that the sanctions will hurt, but has stated that it plans to return to talks in the Autumn.

EU countries agreed to self-impose investment restrictions in Iranian oil and gas in response to Iran’s nuclear programme. Sanctions will also include a suspension on EU dealings with Iranian banks and insurance companies.

These are the latest extension on sanctions against Iran, against following similar UN, EU and US actions earlier in the year.

Despite Tehran insisting that the country is enriching uranium for peaceful purposes (medicinal and energy uses), suspicions that Iran is attempting to build a nuclear weapon have brought a slew of economic sanctions.

Last June, Turkey and Brazil agreed a fuel swap with Iran in an attempt to reduce escalating international tension surrounding Tehran’s nuclear ambitions. Under the terms of the agreement 1200 kg of Iran’s 3.5% enriched uranium would be sent to Turkey in exchange for 120 kg of 20% enriched fuel.

Nevertheless, the following day the United States, Britain, France, Germany, China and Russia all agreed to impose economic sanctions on Iran.

The nature of the sanctions are designed to hit Iran hard. Despite the country being the fifth largest crude oil exporter in the world, it has a extremely limited capacity to refine petroleum and so relies on foreign imports for about 40% of its domestic consumption.

Refined oil, such as gasoline, is essential for personal and commercial transport and business.  The country has been relying on friendlier nations like Turkey and China for gasoline imports.


Mark Fitzpatrick, an Iran specialist at the International Institute for Strategic Studies, told Reuters that the EU did not fear other countries rushing in to provide commercial imports for Iran as the areas chosen for the sanctions are ones in which Europe has “substantial leverage.”

She continued by adding: “Not so many other countries can provide the kind of financial services that will be cut off. Few other countries supply technology for liquefied natural gas, nobody else does re-insurance … The European Union has very wisely found areas over which it has real leverage and cannot be supplanted.”

However, some countries object to the new round of sanctions, including Russia. Iranian IRNA news quotes Maxim Shevchenko, president of the Center for Strategic Research on Modern Religion and Politics, as saying that “any pressure on the country to stop its program will be unjust, unacceptable and discriminatory,” and that “Iran maintains cordial relations with several powerful countries including Indonesia, Malaysia, China, Turkey, Brazil and Japan… (which  would) foil the effects of sanctions on Iran.”

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