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Central Asia
Iran Ready for Oil Swap with Caspian Neighbors
An official with the Iranian Oil Terminals Company (IOTC) says Iran can swap up to 120,000 b/d of crude oil with its northern neighbors at North Oil Terminal, Shana reports. Hamid Reza Shadoust, a local IOTC official in the city of northern city of Neka, said on August 16 that…
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East Asia
S. Korea’s agriculture ministry launches Chinese website
South Korea’s agriculture ministry said Wednesday it has launched its Chinese website (chinese.mafra.go.kr) in the latest move to provide better information on the country’s agricultural products. The Ministry of Agriculture, Food and Rural Affairs said it plans to boost exchanges and cooperation with China in the agricultural sector. The ministry…
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East Asia
North Korea’s foreign trade
Recent economic sanctions created serious problems with exports of minerals from North Korea. Technically UN member countries are banned from importing North Korea minerals even though in practice it remains to be seen to what extent this ban will be observed by China. Nonetheless, there is no doubt that the…
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East Asia
Is Mongolia really facing an economic recession?
The UB Post – Khaliun Chimeddorj Minister of Finance B.Choijilsuren made a statement to the public to present information about the nation’s current socio-economic, budgetary, and financial conditions, after which, many people started asking if the country’s economic situation was truly in critical condition. MONGOLIA’S ECONOMIC GROWTH The Minister said…
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East Asia
Future of China-NK relations
Lee Seong-hyon – The Korea Times Most Western experts describe China’s North Korea policy as a failure. If that is the case, China has had many failures, not just one. Combing through Sino-North Korean history, we discover a series of intriguing relational hiccups between the two, with their relations fluctuating between…
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Central Asia
Azerbaijan, Turkey and Russia to create trilateral co-op
Azerbaijan, Turkey and Russia will create a trilateral format of cooperation, President of Turkey Recep Tayyip Erdogan said in St. Petersburg during a joint press conference with Russian President Vladimir Putin, Trend Agency reports. Baku hosted a trilateral summit of the presidents of Azerbaijan, Russia and Iran – Ilham Aliyev,…
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East Asia
Koreans make a beeline for Georgian honey
By Rachel Lee – The Korea Times Georgia boasts a long history of beekeeping and is proud of its “genuine” honey that has made a promising start in the Korean market, a Georgian envoy says. Ambassador to Korea Nikoloz Apkhazava said honey had many health benefits and Koreans were choosing…
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West Asia
Everyday with Samsung in Iran
Alireza Bahrami/Iranian Journalist Editor-in-chief of ISNA (Iranian Students’ News Agency) “Samsung” has become a part of Iranian culture while an issue, which did not exist in the history of a nation, needs some factors to be a part of that culture. The presence of this brand is undeniable among Iranian…
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East Asia
New energy industry: Korea’s next growth engine
By Joo Hyung-hwan – The Korea Times Korea has never stopped seeking fast-growing sectors for targeted investments that can provide new impetus to the country’s economic growth. As its latest initiative for a new growth engine, the Ministry of Trade, Industry and Energy (MOTIE) unveiled a detailed investment plan on…
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East Asia
Japan to invest $10bn in Iran
Iranian officials declared that Japan to move faster on presenting a credit package worth $10 billion for investment in Iran. Mehr New Agency reports that Iranian Deputy Oil Minister for International Affairs Amir Hossein Zamaninia touched upon negotiations with Japan over investment in Iran’s oil industry adding that “Japan has…
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