Currency trade spotlights Southeast Asian financial arena

Article Abstract:

The New York Cotton Exhange (NYCE) has readied its futures contract trading on four Southeast Asian currencies, such as the baht, ringgit, Singapore dollar and the rupiah. Officials are a little worried about the futures contract trading since the move would give speculators additional leverage in moving the foreign exchange markets. The NYCE has stipulated that futures contracts trading in the Southeast Asian currencies will be carried out under a 'nondeliverable' condition, to reduce the incidence of the trading that influences spot-market trading.

Functions related to deposit banking, Foreign Exchange Dealers, Commodity Contracts Dealing, Foreign Exchange & Reserves Policy, Planning, Forecasts and trends, Southeast Asia, Foreign exchange market, Foreign exchange futures, New York Cotton Exchange

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Along galleons' routes, APEC's Chile sees Asian trade soar by promoting quality image

Article Abstract:

Chile is holding presentations in various parts of Asia beginning in Singapore to enhance its image as a trade partner. Chile is focusing its campaign in promoting itself as Asia's channel to Latin American trade. It was the first Latin American country to join the Asia-Pacific Economic Cooperation, an organization aimed at boosting trade in the Asia-Pacific region. It posted $5,662 in exports to Asian countries in 1995. Chile is also promoting itself as a source of natural resources particularly copper, which its primary export product.

Trade Relations, Chile, International economic relations, Latin America, Trade policy, Asia-Pacific Economic Cooperation

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Information-technology pact's benefits may be far off

Article Abstract:

The agreement to reduce tariffs on information-technology products signed by some Asian countries will not yield immediate benefits. This is because tariff cuts will start only in 1998 and the 2000 deadline may not yet be met as some Asian countries wanted more time to shield vulnerable industries. The pact's potential economic benefits are further weakened by China and India's failure to sign it as well as the existence of duty-free manufacturing zones in other countries.

Tariffs & Duties, Information technology, Contracts, Tariffs

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