Japan and Canada to negotiate free trade agreement

Note: This section contains information in English only.
Source: BBC
Japan and Canada have embarked on negotiations aimed at setting up free trade zone between two countries. However, experts claim it would be difficult to agree for two countries as Japan continues to protect its agricultural and farming sector from foreign competition. At the same time, Japan is large importer of Canada's commodities as coal, copper and food products. Canada mostly purchases industrial goods from Japan.

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Mon, 26 Mar 2012 07:13:07 GMT

Trade balance of New Zealand swung to surplus in February

The trade balance of New Zealand increased more than initially projected in February, reported Statistics New Zealand. The trade balance soared to 161 million New Zealand Dollars last month as compared to a deficit of 199 million New Zealand Dollars in January. Experts predicted the trade surplus to approach 153 million New Zealand Dollars in February.

Mon, 26 Mar 2012 08:45:08 GMT

Aussie and Kiwi climb versus Yen before US data

The New Zealand and Australian currencies ascended versus Japanese Yen ahead of US data which are expected to show consumer confidence stayed close to one-year record high. Aussie added 0.4% to JPY 86.49 while Kiwi gained 0.2% to JPY 67.52. Currently AUD/JPY is trading at JPY 86.29 and NZD/JPY is trading at JPY 67.39.

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