Malaysia has signed an agreement with China to resume the much-debated East Coast Rail Link (ECRL) project, which will include increased palm oil exports to the latter, said Malaysian Prime Minister Tun Dr Mahathir Mohamad.
Iran’s export to Iraq, including food products, grew by 30% in the last seven months, the Iran-Iraq Chamber of Commerce announced last week. Trade ties is set to deepen, despite US sanctions against Iran.
Innovation, research and development are key factors if countries want to transform their ‘surplus’ commodities into value-adding products, said the Thailand Institute of Scientific and Technological Research (TISTR).
Japan’s export of agriculture, forestry and fishery products has reached 435.9 billion yen (about US$3.9 billion) for the first six months of the year, a 15.2% increase as compared to the same period last year.