Pakistan Foreign Ministry: 2012 Trade Volume Will Reach $15 Billion.

According to the "business records" reported on July 9th, foreign ministry spokesman Abdul Abdul (Basit) recently said at a weekly press conference. Two countries The relationship has been developing rapidly in recent two years, and the volume of trade has risen to 8 billion US dollars. It is expected to increase to 15 billion US dollars in 2012.

He said that the Pakistani President, who is visiting China, will attend the meeting of the Forum on cooperation and cooperation. It is expected that many of them will come from mining, construction, banking and shipbuilding. industry Chinese companies will attend the meeting. He said that at present, China has about 100 projects in Palestine. Labour force Thousands of people. (Note: the above data are all Palestinian Statistics).

Supplement:

The International Cotton Advisory Committee (ICAC) released the latest report in July 1st: in June, due to a sharp reduction in the price of cotton in 09/10, the Cotlook A index was released after June 22nd. Cotlook A index 09/10 annual average of 78 cents / pound, 28% higher than 08/09, also the highest since 96/97. The 2010/11 Cotlook A new flower index in May 16th was the only index that is still being released.

As global cotton production continues to decline and textile cotton recovers, the 09/10 end of the year is expected to be 9 million 600 thousand tonnes, down 21% from the same period last year, the lowest level since 03/04. Global inventory consumption dropped from 52% in 08/09 to 39% in 09/10, the lowest since 1993/94.

Before the new flower picking in the northern hemisphere in August, global cotton supply remained tight. In 2010/11, global cotton production is expected to rebound by 14% to 25 million tons. The increase is due to the expansion of cotton planting area, which is the response of cotton growers to the increase of cotton prices in 09/10 and the decline of grain and oilseed crops prices. Under the continuous improvement of global economic growth, but also limited by the high cotton price and the re reserve effect slowing down, the global textile cotton consumption is expected to continue to grow by 2%, to 24 million 900 thousand tons. Due to the balance of cotton production and consumption in 2010/11, the end of the world inventory will remain unchanged at 9 million 600 thousand tons, and the inventory consumption ratio will remain at 39%.

The ICAC price model predicts that the Cotlook A index will average 87 cents per pound in 2010/11, with a probability of 95% between 73-103 cents / pound. That means an increase of 12% over the 2009/10 estimate. However, we must pay attention to the uncertainty existing in the bulk commodity market.