SEOUL Anthony Martial Jersey UK , July 10 (Xinhua) -- A free trade agreement (FTA) between China and South Korea will be positive for both countries as the deal will strengthen the already-strong economic ties between the two countries, a global credit rating company Moody's said Thursday.
"Last Thursday, the leaders of China and Korea pledged to conclude the FTA by the end of this year. A deal would be credit positive for both countries because it would deepen investment flows and provide a boost to GDP,"Tom Byrne, senior vice president at Moody's, said in a report.
Chinese President Xi Jinping and his South Korean counterpart Park Geun-hye vowed during a summit meeting in Seoul last week to endeavor to finish the FTA talks before the end of 2014 David de Gea Jersey UK , pledging to expand bilateral trade volume to 300 billion U.S. dollars in 2015.
Trade between the two countries surpassed 270 billion dollars in 2013, equaling to South Korea's trade volume with the United States and Japan combined.
China and South Korea launched the FTA negotiations in May 2012, and had completed the first stage of talks in September last year with a total of seven rounds of negotiations.
The 12th round of negotiations will be held for five days from July 14 in South Korea's southeastern city of Daegu.
Moody's said that the free trade pact would especially benefit South Korea from an economic and a geopolitical perspective, noting the deal would provide Seoul with FTAs with its three largest export destinations, including the United States, the European Union (EU) and China.
South Korea already signed the free trade deal with the U.S. and the EU Manchester United Jersey UK , and those pacts have come into force.
China is South Korea's No.1 trading partner, largest export destination and import source and No.1 destination of overseas investment. South Korea is China's third-largest trading partner and fifth-largest source of foreign direct investment.
Moody's said concluding the pact will not be smooth sailing as negotiators will have to resolve contentious issues such as China' s access to South Korea's agricultural market and South Korea's access to China's auto market.
Strong economic and political ties between the two nations could benefit South Korea geopolitically if a stronger relationship with Beijing helped contain Pyongyang's hostile policies toward Seoul, the rating agency added.
YANGON, July 26 (Xinhua) -- Bird flu has recently broken out inDawei, Myanmar's southern Tanintharyi coastal region, an officialreport said Wednesday.
According to an announcement of the Ministry of Health andSports Tuesday Sergio Romero Manchester United Jersey UK , more than 1,800 chickens were culled to preventspread of the virus.
The local authorities have banned sale of eggs and chicken inthe markets in Dawei.
The bird flu virus was detected at some farms in Dawei, some 370km southeast of Yangon, following unusual death of chickens.
Bird flu has occurred in other places of Myanmar for eight timesbut the outbreak in Tanintharyi has been the first time, added thereport. Enditem
CANBERRA, July 18 (Xinhua) -- Australian hotels need to keep up with the demands placed on them by Chinese tourists, Tourism Australia's boss said on Tuesday.
The remarks came after international research showed that Chinese tourists were less inclined to travel to Australia compared to a year ago.
The research, undertaken by the Expedia-owned Hotels website, found that Australia was third on the list of destinations Chinese tourists intend on traveling to in the next 12 months Fred Manchester United Jersey UK , down from being No. 1 last year.
Travelers coming from China said Australian hotels were simply under-equipped to handle Chinese tourists, with many indicating that a lack of Mandarin speaking staff was a problem, in addition to no support for payment facilities such as China Union Pay.
On Tuesday, Tourism Australia managing director John O'Sullivan told News Corp that while Chinese tourists wanted to visit Australia, the lack of support was proving detrimental for the tourism industry.
"The challenge for Australian tourism providers is how to keep pace with this demand," O'Sullivan said.
But some hotels have recognized the challenges and are actively trying to better accommodate Chinese travelers.
Chief operating officer of Accor Hotels Marcos Rojo Manchester United Jersey UK , Simon McGrath said his company had launched its Chinese Optimum Services Standards more than five years ago, meaning a number of locations were equipped to deal with Mandarin speakers.
"Today these standards have been adopted by over 50 of our hotels and we as a business continue to grow in this area as we learn more about what our Chinese guests are looking for in -accommodation in Australia," McGrath said.
Meanwhile the boss of Mantra hotels, Bob East said that while hotels in locations geared towards international tourists should be keeping up with demands from China, there were many hotels in less-popular areas which are primarily aimed at domestic tourism.
"It's a matter of tailoring the product around your most likely target market," East told News Corp.
by Will Koulouris
SYDNEY Lee Grant Manchester United Jersey UK , July 14 (Xinhua) -- A popular Australian Senator for the Australian Greens Party, Scott Ludlam, has resigned from the Senate effective immediately on Friday, after the revelation that he is a dual citizen of Australia and New Zealand.
This is in breach of the Australian Constitution, that stipulates that under section 44(i) that a person who is a citizen of a foreign power is incapable of being chosen as a senator, or member of the House of Representatives in Australia.