The document discusses trade policy issues affecting the U.S. pork industry. It summarizes data on rising U.S. pork exports in recent decades due to various trade agreements. It then outlines key free trade agreements and sanitary/phytosanitary barriers impacting the industry in markets like China, Russia, South Africa, and Taiwan. Resolving non-tariff barriers will be important for further growth in exports and producer prices.
This document summarizes Wyeth's worldwide net revenue by product for the fourth quarter and full year of 2008. Some key points:
- For the fourth quarter of 2008, total Wyeth pharmaceutical revenue decreased 6.7% to $4.4 billion compared to the same period in 2007, due to declines in several major products including Protonix, Contraceptives and Rapamune.
- For the full year of 2008, total Wyeth pharmaceutical revenue decreased 7.2% to $5.3 billion compared to 2007, led by decreases in Protonix, Contraceptives and Other Pharmaceuticals.
- The top-selling pharmaceutical products in the fourth quarter were Enbrel
The document is a table showing Wyeth's worldwide net revenue by product for the third quarter and nine months ended September 30, 2008. It breaks revenue down by individual pharmaceutical products and consumer healthcare products in both domestic and international markets. The largest revenue generators were Enbrel outside the US & Canada with $697 million, Prevnar with $717 million, and Effexor with $983 million. Total revenue for Wyeth was $5.8 billion, with domestic markets accounting for 46% of pharmaceutical revenue and 54% of total revenue.
Objective Capital's West Africa Investment Conference 2012
Moevenpick Ambassador Hotel in Accra, Ghana
7-9 May 2012
Speaker: Dr Toni Aubynn, The Ghana Chamber of Mines
This document summarizes Wyeth's worldwide net revenue by product for the second quarter and first half of 2008. Key products such as Effexor, Prevnar, Enbrel, and Nutritionals saw revenue increases in the international market compared to the prior year. Overall, Wyeth's total pharmaceutical revenue decreased 9.4% domestically but increased 20.4% internationally, leading to a total revenue increase of 4.7% worldwide. Consumer healthcare revenue also increased both internationally and globally, while decreasing domestically.
Henning Beltestad - CEO Lerøy Seafood Group -Waiting for China, What to do in...Norwegian Seafood Council
1) The document discusses a conference presentation by Henning Beltestad, CEO of Lerøy Seafood Group ASA, about the company's Q3 results and the market for Atlantic salmon.
2) It notes that while Lerøy Seafood saw increased sales year-to-date in 2011, its EBITDA and EBIT declined due to challenges in China, a key export market.
3) Beltestad discusses the potential for growth in various Asian markets to offset reduced Chinese demand until the situation there is resolved.
1) Foreign direct investment and foreign institutional investment are both types of cross-border investment but differ in nature. While FDI involves direct ownership in a business located in another country, FII refers to foreign investment in the stock markets of another country.
2) FDI provides greater control rights and is a longer term commitment, whereas FII is more short-term in nature and does not provide control over operations.
3) Both FDI and FII can provide benefits like increased capital flows and investment, but FII is more prone to being "hot money" that leaves quickly.
Camerimage 2009 thierry perronnet ok market overwiewThierry Perronnet
Global box office revenues reached record levels in 2008 but many film industry revenue streams declined in 2009 due to the economic crisis. Specifically, DVD sales fell 13% and commercial TV revenues declined 10-13% worldwide. Meanwhile, the domestic US box office was up 4% through July 2009 despite fewer American films shooting in Europe. The independent film market has been protected by government funding but is feeling market pressures with distributors buying films for 30-40% less than in 2008. Overall, the global film market shrank by an estimated 5-7% in 2009.
The document discusses price risk management strategies for cocoa producers and exporters. It begins by outlining world cocoa price movements, production, and trade data. It then examines the Philippines' cocoa exports and imports. The main sections explore managing export price and other risks, including world price fluctuations, production risks, and non-performance risks. It also discusses risk mitigation strategies like hedging, certifications, and branding approaches like telling the story of cocoa production from "plot to gut". The presentation concludes by suggesting areas for further research on certification impacts and developing a distinctive brand identity for Davao cocoa.
This document summarizes Wyeth's worldwide net revenue by product for the fourth quarter and full year of 2008. Some key points:
- For the fourth quarter of 2008, total Wyeth pharmaceutical revenue decreased 6.7% to $4.4 billion compared to the same period in 2007, due to declines in several major products including Protonix, Contraceptives and Rapamune.
- For the full year of 2008, total Wyeth pharmaceutical revenue decreased 7.2% to $5.3 billion compared to 2007, led by decreases in Protonix, Contraceptives and Other Pharmaceuticals.
- The top-selling pharmaceutical products in the fourth quarter were Enbrel
The document is a table showing Wyeth's worldwide net revenue by product for the third quarter and nine months ended September 30, 2008. It breaks revenue down by individual pharmaceutical products and consumer healthcare products in both domestic and international markets. The largest revenue generators were Enbrel outside the US & Canada with $697 million, Prevnar with $717 million, and Effexor with $983 million. Total revenue for Wyeth was $5.8 billion, with domestic markets accounting for 46% of pharmaceutical revenue and 54% of total revenue.
Objective Capital's West Africa Investment Conference 2012
Moevenpick Ambassador Hotel in Accra, Ghana
7-9 May 2012
Speaker: Dr Toni Aubynn, The Ghana Chamber of Mines
This document summarizes Wyeth's worldwide net revenue by product for the second quarter and first half of 2008. Key products such as Effexor, Prevnar, Enbrel, and Nutritionals saw revenue increases in the international market compared to the prior year. Overall, Wyeth's total pharmaceutical revenue decreased 9.4% domestically but increased 20.4% internationally, leading to a total revenue increase of 4.7% worldwide. Consumer healthcare revenue also increased both internationally and globally, while decreasing domestically.
Henning Beltestad - CEO Lerøy Seafood Group -Waiting for China, What to do in...Norwegian Seafood Council
1) The document discusses a conference presentation by Henning Beltestad, CEO of Lerøy Seafood Group ASA, about the company's Q3 results and the market for Atlantic salmon.
2) It notes that while Lerøy Seafood saw increased sales year-to-date in 2011, its EBITDA and EBIT declined due to challenges in China, a key export market.
3) Beltestad discusses the potential for growth in various Asian markets to offset reduced Chinese demand until the situation there is resolved.
1) Foreign direct investment and foreign institutional investment are both types of cross-border investment but differ in nature. While FDI involves direct ownership in a business located in another country, FII refers to foreign investment in the stock markets of another country.
2) FDI provides greater control rights and is a longer term commitment, whereas FII is more short-term in nature and does not provide control over operations.
3) Both FDI and FII can provide benefits like increased capital flows and investment, but FII is more prone to being "hot money" that leaves quickly.
Camerimage 2009 thierry perronnet ok market overwiewThierry Perronnet
Global box office revenues reached record levels in 2008 but many film industry revenue streams declined in 2009 due to the economic crisis. Specifically, DVD sales fell 13% and commercial TV revenues declined 10-13% worldwide. Meanwhile, the domestic US box office was up 4% through July 2009 despite fewer American films shooting in Europe. The independent film market has been protected by government funding but is feeling market pressures with distributors buying films for 30-40% less than in 2008. Overall, the global film market shrank by an estimated 5-7% in 2009.
The document discusses price risk management strategies for cocoa producers and exporters. It begins by outlining world cocoa price movements, production, and trade data. It then examines the Philippines' cocoa exports and imports. The main sections explore managing export price and other risks, including world price fluctuations, production risks, and non-performance risks. It also discusses risk mitigation strategies like hedging, certifications, and branding approaches like telling the story of cocoa production from "plot to gut". The presentation concludes by suggesting areas for further research on certification impacts and developing a distinctive brand identity for Davao cocoa.
Analysis OECD Survey: Colombia's Acces Edgar Chacon
The OECD Economic Survey tries to show the situation of Colombia, and the possibility that Colombia has to be member of this group. This opportunity can push Colombia to a big progress of its economy, productivity and potential.
This document summarizes the history of air transportation from the Wright Brothers' first flight in 1903 to modern developments. It covers early commercial aircraft like the Ford Trimotor and Douglas DC-3, the growth of airlines in the 1920s-1930s, the impact of World War II, the introduction of jets like the Boeing 707 and 747 in the 1950s-1960s, and advances in air traffic control, regional aircraft, and very long-range aircraft through the 2000s. Major topics include the development of air mail services, regulations, airports, navigation technologies, and aircraft across different eras.
Fixed wheels were invented in 3500 BC, allowing for early wheeled vehicles like carts and chariots. River boats and horse-drawn transportation developed over the following millennia. In the 18th and 19th centuries, major transportation innovations emerged like the steamboat, steam locomotive, automobile, airplane, and technologies that improved travel by land, sea, and air. Transportation management has evolved greatly from early wheeled vehicles to modern modes like jets, rockets, and bullet trains.
The document discusses how economic growth and changes in factors of production, technology, and tastes can impact international trade. It examines different types of factor growth, technical progress, and their effects on production possibilities and trade. Growth can lead to increased, decreased, or unchanged trade volumes depending on whether production and consumption effects are pro-trade or anti-trade. In large countries, growth impacts welfare through terms-of-trade and wealth effects, and can potentially cause immiserizing growth under certain conditions. Growth and changes in both trading nations will shift their production possibilities and can influence trade volumes and terms of trade.
Early humans walked and dragged items, developing worn paths that became early roads. The development of the wheel led to wheeled vehicles and the first roads made of packed materials in Mesopotamia around 3500 BC. Romans later built stone-surfaced roads with mortar around 300 BC. Steam power was applied to transportation starting in the late 18th century, leading to road and water vehicles and railroads in the early 19th century. The modern highway system and commercial air travel developed in the mid-20th century.
Study the international Finance at the macro level. In this slide we will see the Current Account situation of several countries and Vietnam on focus (as of 2008).
In slide 2.2 we will see how to Finance the Current Account deficit.
ROLE OF EXPORT MARKETING IN INTERNATIONAL TRADEsushmitha7
1) Export marketing is a systematic process of developing and distributing goods and services in overseas markets and involves undertaking various marketing activities such as research, product design, branding, packaging, pricing, and promotion.
2) Export marketing brings valuable foreign exchange to exporting countries and helps balance payments but faces challenges like technological differences between countries and trade barriers.
3) Organizations benefit from export marketing through increased sales and profits, enhanced competitiveness, gaining global market share, and risk diversification.
The International Monetary Fund (IMF) was conceived in 1944 and established in 1945 with 45 founding member countries. The IMF works to improve the economies of its member countries and oversees the global financial system by monitoring members' macroeconomic policies. It aims to stabilize international exchange rates and facilitate development through loans that require liberalizing economic policies. The IMF provides short-term loans to countries having balance of payments problems and is headquartered in Washington D.C.
This document discusses international trade and comparative advantage. It begins by introducing Paul Krugman's support for free trade and comparative advantage. It then discusses concepts like specialization based on comparative advantage, gains from trade including increased competition and economic growth. The document uses an example to illustrate how two countries can both benefit from specializing in different goods based on their relative costs of production. It acknowledges some of the assumptions and limitations of comparative advantage theory. Finally, it discusses patterns of exports for different countries and how the UK's comparative advantage has shifted over time.
The Association of Southeast Asian Nations (ASEAN) was established in 1967 by Indonesia, Malaysia, Philippines, Singapore, and Thailand. It has since expanded to include 10 member countries and aims to accelerate economic growth, social progress, and cultural development while maintaining regional peace and stability. ASEAN faces challenges such as financial crises, transboundary haze pollution, and disputes but has taken steps like the ASEAN Surveillance Process and ASEAN+3 Financial Cooperation to prevent future crises and foster cooperation. ASEAN also presents many opportunities for economic growth and development across member countries in the coming years.
This document discusses different types of e-commerce including B2B, B2C, B2G, C2C, G2C, and G2B. It defines each type and provides examples. The key stages of the e-commerce process are described as a consumer browsing a merchant's website, selecting items, providing payment and address details, receiving order confirmation, and order fulfillment. Advantages of e-commerce include 24/7 availability, low costs, and broad reach, while disadvantages include inability to examine products physically and security risks.
The document discusses price risk management strategies for cocoa producers and exporters. It begins by outlining world cocoa price movements, production, and trade data. It then examines the Philippines' cocoa exports and imports. The presentation identifies various risks like price fluctuations, non-performance by buyers or sellers, and proposes hedging strategies. It also discusses opportunities for Philippine cocoa, including branding under certifications and telling the story of cocoa production from "plot to gut". The director concludes by encouraging the audience to package Davao cocoa as a reliable brand that consumers always know what they will get.
The document discusses fish price indices in India from 2000-2007. It shows that the indices for fish, meat, food articles, and all commodities have generally increased over this period. Charts illustrate trends in the indices for fish and meat, as well as food articles. Additional data and charts examine price trends for rice, milk, and various types of fish in different regions of India. The document also provides explanations for price trends and attempts to forecast future fish prices.
The document contains charts and graphs showing energy usage data over multiple years:
- Total energy usage was around 55,000 gigajoules (GJ) in 2008 and increased to around 85,000 GJ in 2019.
- Natural gas accounted for the vast majority of energy usage, representing around 90% of the total. Electricity and other sources made up the remaining 10%.
- Energy usage from natural gas increased from around 50,000 GJ in 2008 to around 75,000 GJ in 2019. Usage of other sources remained relatively stable over this period.
The document contains charts and graphs showing energy usage data over multiple years:
- Total energy usage was around 55,000 gigajoules (GJ) in 2008 and increased to around 85,000 GJ in 2019.
- Natural gas accounted for the vast majority of energy usage, representing around 90% of the total. Electricity and other sources made up the remaining 10%.
- Energy usage from natural gas increased from around 50,000 GJ in 2008 to around 75,000 GJ in 2019. Usage of other sources remained relatively constant over this period.
Colombia has the 4th largest economy in Latin America. The GDP in 2009 was approximately 793 billion pesos. The main sectors are services (55.8%), industry (30.3%), and agriculture (13.9%). The US is Colombia's largest trading partner, receiving 43% of exports. Other major export partners include China, Ecuador, Venezuela, and Peru. Imports have increased from China, Argentina, and Brazil in recent years.
The document contains data on energy use in gigajoules (GJ) for various sectors including transportation, residential, commercial, and industrial from 2008 to 2019. It shows that:
- Total energy use fluctuated between 52,039 GJ and 57,758 GJ from 2008 to 2019.
- Transportation was the largest consuming sector, accounting for around 90% of total energy use.
- Within the transportation sector, light-duty vehicles made up the majority of energy demand, ranging from 78,527 GJ to 85,982 GJ.
RadiciGroup at 6th European Nylon Symposium - 27-28 February 2012 RadiciGroup
RadiciGroup is a major producer of polyamides such as Nylon 6 and Nylon 66. The document discusses trends in the global polyamide market showing strong growth forecast for polyamide plastics compared to fibers. It also outlines several market challenges for polyamides including requirements for lower emissions, lighter weight materials, and improved sustainability. RadiciGroup is developing new high performance and sustainable polyamide grades to meet these market challenges including those with better heat resistance, higher filler levels, and grades made from bio-based feedstocks.
Soybean College - Gary Schnitkey, Ph.D.Clara Miles
1) World soybean production is projected to be around 267 million metric tons for the 2012/13 marketing year, driven by high production in South America while U.S. production is uncertain due to drought conditions.
2) Global soybean consumption is also projected to continue growing, reaching over 263 million metric tons in 2012/13, with increasing demand from China and other regions helping absorb supplies.
3) With production uncertainties and strong global demand, soybean prices have remained high, with fall delivery prices over $16 per bushel and futures contracts in 2012/13 also well above projections. Tight world supplies relative to consumption are expected to support firm prices.
Tyson Foods reported first quarter fiscal year 2009 revenue of $6.521 billion, a 0.7% increase from the previous quarter. Chicken sales generated 34.3% of total revenue but the segment experienced a 695.8% decline in operating income. Beef sales accounted for 40.8% of total revenue but had no change in operating income. Overall, the company reported a total operating loss of $198 million, down 310.6% from the previous quarter.
This document provides Canadian federal marginal tax rates from 1998-2012. It shows the tax brackets and tax rates for each year. Taxable income is broken into brackets such as $0-$10,527, $10,527-$42,707, etc. The rates range from 0% to 29% depending on the tax bracket. Certain types of income like gifts, inheritances, and lottery winnings are not taxed in Canada.
Analysis OECD Survey: Colombia's Acces Edgar Chacon
The OECD Economic Survey tries to show the situation of Colombia, and the possibility that Colombia has to be member of this group. This opportunity can push Colombia to a big progress of its economy, productivity and potential.
This document summarizes the history of air transportation from the Wright Brothers' first flight in 1903 to modern developments. It covers early commercial aircraft like the Ford Trimotor and Douglas DC-3, the growth of airlines in the 1920s-1930s, the impact of World War II, the introduction of jets like the Boeing 707 and 747 in the 1950s-1960s, and advances in air traffic control, regional aircraft, and very long-range aircraft through the 2000s. Major topics include the development of air mail services, regulations, airports, navigation technologies, and aircraft across different eras.
Fixed wheels were invented in 3500 BC, allowing for early wheeled vehicles like carts and chariots. River boats and horse-drawn transportation developed over the following millennia. In the 18th and 19th centuries, major transportation innovations emerged like the steamboat, steam locomotive, automobile, airplane, and technologies that improved travel by land, sea, and air. Transportation management has evolved greatly from early wheeled vehicles to modern modes like jets, rockets, and bullet trains.
The document discusses how economic growth and changes in factors of production, technology, and tastes can impact international trade. It examines different types of factor growth, technical progress, and their effects on production possibilities and trade. Growth can lead to increased, decreased, or unchanged trade volumes depending on whether production and consumption effects are pro-trade or anti-trade. In large countries, growth impacts welfare through terms-of-trade and wealth effects, and can potentially cause immiserizing growth under certain conditions. Growth and changes in both trading nations will shift their production possibilities and can influence trade volumes and terms of trade.
Early humans walked and dragged items, developing worn paths that became early roads. The development of the wheel led to wheeled vehicles and the first roads made of packed materials in Mesopotamia around 3500 BC. Romans later built stone-surfaced roads with mortar around 300 BC. Steam power was applied to transportation starting in the late 18th century, leading to road and water vehicles and railroads in the early 19th century. The modern highway system and commercial air travel developed in the mid-20th century.
Study the international Finance at the macro level. In this slide we will see the Current Account situation of several countries and Vietnam on focus (as of 2008).
In slide 2.2 we will see how to Finance the Current Account deficit.
ROLE OF EXPORT MARKETING IN INTERNATIONAL TRADEsushmitha7
1) Export marketing is a systematic process of developing and distributing goods and services in overseas markets and involves undertaking various marketing activities such as research, product design, branding, packaging, pricing, and promotion.
2) Export marketing brings valuable foreign exchange to exporting countries and helps balance payments but faces challenges like technological differences between countries and trade barriers.
3) Organizations benefit from export marketing through increased sales and profits, enhanced competitiveness, gaining global market share, and risk diversification.
The International Monetary Fund (IMF) was conceived in 1944 and established in 1945 with 45 founding member countries. The IMF works to improve the economies of its member countries and oversees the global financial system by monitoring members' macroeconomic policies. It aims to stabilize international exchange rates and facilitate development through loans that require liberalizing economic policies. The IMF provides short-term loans to countries having balance of payments problems and is headquartered in Washington D.C.
This document discusses international trade and comparative advantage. It begins by introducing Paul Krugman's support for free trade and comparative advantage. It then discusses concepts like specialization based on comparative advantage, gains from trade including increased competition and economic growth. The document uses an example to illustrate how two countries can both benefit from specializing in different goods based on their relative costs of production. It acknowledges some of the assumptions and limitations of comparative advantage theory. Finally, it discusses patterns of exports for different countries and how the UK's comparative advantage has shifted over time.
The Association of Southeast Asian Nations (ASEAN) was established in 1967 by Indonesia, Malaysia, Philippines, Singapore, and Thailand. It has since expanded to include 10 member countries and aims to accelerate economic growth, social progress, and cultural development while maintaining regional peace and stability. ASEAN faces challenges such as financial crises, transboundary haze pollution, and disputes but has taken steps like the ASEAN Surveillance Process and ASEAN+3 Financial Cooperation to prevent future crises and foster cooperation. ASEAN also presents many opportunities for economic growth and development across member countries in the coming years.
This document discusses different types of e-commerce including B2B, B2C, B2G, C2C, G2C, and G2B. It defines each type and provides examples. The key stages of the e-commerce process are described as a consumer browsing a merchant's website, selecting items, providing payment and address details, receiving order confirmation, and order fulfillment. Advantages of e-commerce include 24/7 availability, low costs, and broad reach, while disadvantages include inability to examine products physically and security risks.
The document discusses price risk management strategies for cocoa producers and exporters. It begins by outlining world cocoa price movements, production, and trade data. It then examines the Philippines' cocoa exports and imports. The presentation identifies various risks like price fluctuations, non-performance by buyers or sellers, and proposes hedging strategies. It also discusses opportunities for Philippine cocoa, including branding under certifications and telling the story of cocoa production from "plot to gut". The director concludes by encouraging the audience to package Davao cocoa as a reliable brand that consumers always know what they will get.
The document discusses fish price indices in India from 2000-2007. It shows that the indices for fish, meat, food articles, and all commodities have generally increased over this period. Charts illustrate trends in the indices for fish and meat, as well as food articles. Additional data and charts examine price trends for rice, milk, and various types of fish in different regions of India. The document also provides explanations for price trends and attempts to forecast future fish prices.
The document contains charts and graphs showing energy usage data over multiple years:
- Total energy usage was around 55,000 gigajoules (GJ) in 2008 and increased to around 85,000 GJ in 2019.
- Natural gas accounted for the vast majority of energy usage, representing around 90% of the total. Electricity and other sources made up the remaining 10%.
- Energy usage from natural gas increased from around 50,000 GJ in 2008 to around 75,000 GJ in 2019. Usage of other sources remained relatively stable over this period.
The document contains charts and graphs showing energy usage data over multiple years:
- Total energy usage was around 55,000 gigajoules (GJ) in 2008 and increased to around 85,000 GJ in 2019.
- Natural gas accounted for the vast majority of energy usage, representing around 90% of the total. Electricity and other sources made up the remaining 10%.
- Energy usage from natural gas increased from around 50,000 GJ in 2008 to around 75,000 GJ in 2019. Usage of other sources remained relatively constant over this period.
Colombia has the 4th largest economy in Latin America. The GDP in 2009 was approximately 793 billion pesos. The main sectors are services (55.8%), industry (30.3%), and agriculture (13.9%). The US is Colombia's largest trading partner, receiving 43% of exports. Other major export partners include China, Ecuador, Venezuela, and Peru. Imports have increased from China, Argentina, and Brazil in recent years.
The document contains data on energy use in gigajoules (GJ) for various sectors including transportation, residential, commercial, and industrial from 2008 to 2019. It shows that:
- Total energy use fluctuated between 52,039 GJ and 57,758 GJ from 2008 to 2019.
- Transportation was the largest consuming sector, accounting for around 90% of total energy use.
- Within the transportation sector, light-duty vehicles made up the majority of energy demand, ranging from 78,527 GJ to 85,982 GJ.
RadiciGroup at 6th European Nylon Symposium - 27-28 February 2012 RadiciGroup
RadiciGroup is a major producer of polyamides such as Nylon 6 and Nylon 66. The document discusses trends in the global polyamide market showing strong growth forecast for polyamide plastics compared to fibers. It also outlines several market challenges for polyamides including requirements for lower emissions, lighter weight materials, and improved sustainability. RadiciGroup is developing new high performance and sustainable polyamide grades to meet these market challenges including those with better heat resistance, higher filler levels, and grades made from bio-based feedstocks.
Soybean College - Gary Schnitkey, Ph.D.Clara Miles
1) World soybean production is projected to be around 267 million metric tons for the 2012/13 marketing year, driven by high production in South America while U.S. production is uncertain due to drought conditions.
2) Global soybean consumption is also projected to continue growing, reaching over 263 million metric tons in 2012/13, with increasing demand from China and other regions helping absorb supplies.
3) With production uncertainties and strong global demand, soybean prices have remained high, with fall delivery prices over $16 per bushel and futures contracts in 2012/13 also well above projections. Tight world supplies relative to consumption are expected to support firm prices.
Tyson Foods reported first quarter fiscal year 2009 revenue of $6.521 billion, a 0.7% increase from the previous quarter. Chicken sales generated 34.3% of total revenue but the segment experienced a 695.8% decline in operating income. Beef sales accounted for 40.8% of total revenue but had no change in operating income. Overall, the company reported a total operating loss of $198 million, down 310.6% from the previous quarter.
This document provides Canadian federal marginal tax rates from 1998-2012. It shows the tax brackets and tax rates for each year. Taxable income is broken into brackets such as $0-$10,527, $10,527-$42,707, etc. The rates range from 0% to 29% depending on the tax bracket. Certain types of income like gifts, inheritances, and lottery winnings are not taxed in Canada.
It's More Fun Investing in the PhilippinesAldrin Bibon
The Philippine stock market has performed well despite global economic challenges, with the PSEi up 18.5% year-to-date. Strong economic fundamentals such as consumer spending, government spending, and exports drove 1Q GDP growth of 6.4%. However, valuations appear stretched and recent large share placements may sap liquidity in the short-term. Overall the outlook remains positive, as fundamentals are expected to catch up to valuations over the long-run.
The Emergence of Private Equity in AsiaTuck Seng Low
Private equity has emerged as an important alternative investment in Asia. The presentation discusses the growth of private equity in Asia, with total private equity pools growing at an average of 24% annually from 1994 to 2003. Several Asian economies like China, India, Korea and Singapore have seen particularly strong growth. The presentation also outlines the types of private equity funds focused on Asia, including regional, country-specific, bank-sponsored and corporate funds. Selected private equity deals and exits in Asia from the first half of 2004 are also mentioned.
Alberta vs Norway: Comparison of petroleum royalties (to 2012)DavidTKing
This document contains charts and statistics comparing royalty rates and revenues from oil and gas production in Alberta, Canada and Norway over several decades from the 1970s to 2012. It shows that while Norway collected royalties at an average rate of 72.4% of export values, Alberta's rate was only 4.3% over the same period. If Alberta had invested royalties at 33% of sales value at a 5% rate of return since 1976, it would have accumulated over $865 billion, similar to Norway's current $783 billion Government Pension Fund from its oil revenues.
Bioceutical Research Labs projects sales to steadily increase each month from June 2010 to May 2011, reaching a total of $3.1 million for the year. Gross profits are projected at 71.47% of sales. Total operating expenses are projected to be 70.84% of sales, including fixed costs like wages, rent, and marketing, as well as variable costs like commissions and freight. This would result in a small net income of $12,577, or 0.41% of projected total sales, for the full year ending May 2011.
This document summarizes a presentation on financing sports given at the 2012 European Athletics CEO Conference. It discusses how sports financing has evolved from self-financed amateur athletics to today's reality of athletics being a semi-professional economic enterprise. It provides data on the budgets and sources of income for international sports organizations like the IOC, FIFA, and IAAF as well as national and regional sports federations. Potential sources of revenue for sports organizations are also summarized, including financial support, broadcasting rights, sponsorships, merchandising, and others.
This document summarizes the impact and status of the Catalytic Fund as of October 2010. It shows that pledges to the fund have increased every year since 2004. As of October 2010, the fund had allocated over $522 million for education projects in 36 recipient countries. Disbursements have also increased each year, totaling over $221 million as of September 2010. The fund has helped increase primary school completion rates, reduce repetition rates, and achieve gender parity in recipient countries. Top performing countries in disbursement since 2007 include Mozambique, Ethiopia, Guyana, Rwanda, and Timor Leste.
The weekly investment bulletin provides an overview of market performance and news from the past week:
- Fears about the US economy caused investors to move into safe haven assets like government bonds and the yen, causing equities and commodities to fall sharply.
- Comments from the Federal Reserve chairman helped improve sentiment by signaling the central bank's willingness to further support the economy.
- Ireland was downgraded by S&P on concerns about its banking system, while most market indexes fell over the past week.
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Long-term no-till research can provide valuable insights into crop production over many seasons. This research found that no-till soils generally had higher yields than tilled soils over time. No-till soils had cooler temperatures, held more water after rain, and had different soil biological properties and nutrient stratification compared to tilled soils. The impacts of no-till and fertilizer nitrogen on soil organic carbon and crop yields changed over the 50 years of the study.
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L'indice de performance des ports à conteneurs de l'année 2023SPATPortToamasina
Une évaluation comparable de la performance basée sur le temps d'escale des navires
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NIMA2024 | De toegevoegde waarde van DEI en ESG in campagnes | Nathalie Lam |...BBPMedia1
Nathalie zal delen hoe DEI en ESG een fundamentele rol kunnen spelen in je merkstrategie en je de juiste aansluiting kan creëren met je doelgroep. Door middel van voorbeelden en simpele handvatten toont ze hoe dit in jouw organisatie toegepast kan worden.
NIMA2024 | De toegevoegde waarde van DEI en ESG in campagnes | Nathalie Lam |...
Laurie Hueneke - Trade Policy for a Dynamic Pork Industry
1. Trade Policy for a
Dynamic U.S. Pork
Industry
Laurie Hueneke
Director of International Trade Policy, Sanitary and Technical Affairs
National Pork Producers Council
BIVI Summer Health Seminar ● Wrightsville Beach NC
August 10, 2012
2. U.S. Pork Exports
2,250,000
Canada FTA China
2,100,000 WTO Accession
1,950,000 Russia Pork
1,800,000 NAFTA TRQs
(Mexico) U.S. -Taiwan
1,650,000
Pork Deal
U.S. - Korea
1,500,000
Metric Tons
1,350,000
1,200,000 WTO Uruguay Round
U.S. - Colombia
(Japan & South Korea)
1,050,000
900,000
DR-CAFTA
750,000
600,000
450,000
Australia
300,000
FTA
150,000
0
Year
3. U.S. Pork Exports
U.S. Pork Exports
Percentage of Production
25%
2011 Estimated 20%
Percent Exported:
23% (Muscle Meat Only)
Percentage
15%
27% (Plus Variety Meat)
Export Value per Hog: about $55 10% % Exported
About 25 percent higher than 2010
5%
0%
Year
4. U.S. Pork and Pork Variety Meat Exports
Volume Value
(Metric Tons) (US $1,000)
January-December January-December
Country/Region 2010 2011 % Change 2010 2011 % Change
Japan 434,799 493,315 13% 1,645,254 1,962,674 19%
Mexico 545,914 537,531 -2% 986,987 1,041,998 6%
Canada 183,027 206,278 13% 618,325 737,594 19%
China/Hong Kong 294,171 483,323 64% 462,665 909,954 97%
Russia 82,902 69,382 -16% 204,345 217,076 6%
South Korea 86,970 188,307 117% 189,801 497,089 162%
Australia 52,449 64,351 23% 148,422 204,637 38%
ASEAN 66,618 53,471 -20% 134,457 129,175 -4%
Central and South America 59,696 72,172 21% 142,206 187,113 32%
Caribbean 42,806 34,147 -20% 92,586 85,652 -7%
European Union 14,993 8,228 -45% 46,695 32,042 -31%
Taiwan 31,012 26,981 -13% 56,925 53,832 -5%
Other 21,642 17,969 -17% 52,261 49,828 -5%
World Total 1,916,999 2,255,456 18% 4,780,929 6,108,664 28%
5. U.S. Pork and Pork Variety Meat Exports
Volume Value
(Metric Tons) (US $1,000)
January-May January-May
Country/Region 2011 2012 % Change 2011 2012 % Change
Japan 209,939.9 199,062.1 -5% 790,592 869,147 10%
Mexico 220,129.0 254,059.3 15% 408,811 463,551 13%
Canada 80,335.3 91,423.8 14% 275,408 328,719 19%
China/Hong Kong 144,373.1 192,924.9 34% 212,476 389,197 83%
Russia 26,883.9 37,074.40 38% 79,750 109,547 37%
South Korea 113,565.4 77,789.6 -32% 275,397 222,804 -19%
Australia 28,819.2 29,751.0 3% 92,159 92,209 0%
ASEAN 22,856.6 17,995.9 -21% 50,804 47,250 -7%
Central and South America 29,572.1 33,398.1 13% 73,419 85,427 16%
Caribbean 14,946.1 13,976.8 -6% 35,068 34,862 -1%
European Union 3,760.7 3,369.1 -10% 14,234 9,828 -31%
Taiwan 14,762.7 8,108.0 -45% 25,722 18,195 -29%
Other 6,922.5 9,549.8 38% 20,488 26,348 29%
World Total 916,866.5 968,482.8 6% 2,354,328 2,697,084 15%
7. Free Trade Agreements
• Focus now shifts to implementation of FTAs
• Korea FTA entered into force March 15, 2012
– Opposition party did not take control in April
– Opposition wanted certain provisions renegotiated:
• i.e. auto provisions and tariff schedules for pork
• Colombia FTA entered into force May 15,
2012
• Panama FTA expected to enter into force later
in 2012
8. Free Trade Agreements
Why are these three FTAs important to
U.S. pork producers?
• Increase U.S. pork exports by more than
$770 million annually
• Add more than $11 to U.S. live hog prices
• Generate more than 10,200 pork industry jobs
• Removal of trichinae barrier sets a precedent
for addressing it in other markets
11. TPP
• NPPC 1st in private sector to support
• Address tariff, but real payout for U.S.
pork is resolving sanitary (SPS) issues
– Trichinae risk mitigation requirements
– Ban on products due to PRRS or PMWS
– Ban on the use of pathogen reduction
treatments (PRTs)
– Limited plant approvals for export
– Residue level differences for vet drugs
12. TPP
• Vietnam market potential = $600 million
• Malaysia market potential = $100 million
• Mexico and Canada were invited to join the TPP
negotiations in June 2012
• Japan expressed interest in joining negotiations in Nov.
2011
– U.S. and Japan continuing consultations
• U.S. officials have highlighted outstanding issues to Japan’s entry
– NPPC supports Japan’s entry as soon as possible
• Just finished the 13th Round of negotiations in San
Diego, July 2012
• Next Round in September, Leesburg, VA
15. U.S.-EU FTA
• U.S.-EU Working Group considering options to increase
trade through a reduction of barriers – a possible FTA
• EU has PTAs, not FTAs – Must include agriculture
• NPPC led coalition letter with 49 ag orgs and businesses
• NPPC filed comments on EU pork barriers
– TRQ smaller than Uruguay Round minimum access
– Ban on Ractopamine
– Trichinae mitigation
– Prohibition on pathogen reduction treatment
– Plant approvals
• U.S. and EU leaders have urged the working group to
reach a recommendation on negotiations later this
year
17. Codex Alimentarius
• International standard setting body for food safety and
harmonization of trade standards
• Ractopamine hydrochloride went through the process,
found to be safe THREE times by international
independent scientists, approved for use in 26 countries,
and held at final step for 4 years
• Outreach and coordination within US and outside of US
• Final international standards adopted in July 2012
– Beef and pork muscle, fat, liver, kidney
• Countries not obligated to adopt standards, only a guideline
• Increasing importance of Codex due to trading partners
adopting for domestic and international trade
19. South Africa
• South Africa notified the WTO that it is imposing
additional requirements on pork from countries with
PRRS, including the U.S.
• PRRS is not a food safety issue and does not pose a risk to
human health
• NPPC will be advocating for South Africa to reconsider
their proposed requirements and not move forward with
implementation of this unscientific barrier to trade.
• Also impose a stringent time/temp requirement
• NPPC working with USG to renegotiate pork export
certificate
• If lift all barriers, market increases $40 million
21. MCOOL
• U.S. Mandatory Country-Of-Origin Labeling law
found in violation of the United States’ WTO
trade obligations
• U.S. appealed WTO Panel decision in late March
• An Appellate Body decision due late June
• Risks retaliation from Canada and Mexico if U.S.
does not comply
22. MCOOL
Nov. 18, 2011 Mar. 23, 2012 June 29, 2012
WTO: MCOOL Violates U.S.: Appealed WTO: Upholds
U.S. WTO Obligations WTO Ruling Nov. 2011 Ruling
July 23, 2012 July - October 2013 May 2014
Implementation Period Implementation Compliance Panel
Begins Period Ends Concludes
(Avg. 12-15 months)
November 2014 - If the United States has failed to comply, the
retaliation process can commence
May or June 2015 - retaliation award should be issued
24. Meat Exports to Russia
U.S. Meat Exports to Russia, 2005-2011 (Quantity)
1,000,000
900,000
800,000
700,000
Metric Tons
600,000
500,000 Pork
400,000 Beef
300,000 Poultry
200,000
100,000
0
Year
25. Russia’s WTO Accession
Russia Political Situation
• Presidential election was in March 2012
• Vladimir Putin returned as president
• Putin faces a new political and economic environment
Timeline
• November 10, 2011, Russian WTO Accession Working Party concluded
• Approved at WTO Ministerial Conference, December 15-17
• Will become a member of the WTO on August 22
• Congress must pass Russia Permanent Normal Trade Relations (PNTR) in order
to get all the benefits of Russia’s WTO accession.
26. Russia’s WTO Accession
Working Party Report for Pork
• Significant achievement with TRQs
• Global 400,000 MT with no country specific TRQ, plus 30,000 MT trimmings.
• In-quota tariff rate of 0%.
• Out-of-quota rate of 65% (down from 75%).
• TRQ will be replaced by a flat top rate of 25% as of January 1, 2020.
TRQ Level (MT) Global (Country Specific) In-Quota Rate Out-Quota Rate
Pork 400,000 Global 0% 65%
Pork TRQ will be replaced by a flat tariff of 25% on of January 1, 2020.
Beef 560,000 Global (U.S. 60,000 MT) 15% 55%
Poultry 350,000 Global (EU 90,000 MT) 25% 80%
No set phase out for Beef & Poultry TRQs
• However, we need more on SPS!!
27. Russia—SPS Barriers
• Freezing requirements for trichinae, do not allow
fresh/chilled
• Zero tolerance for pathogens
• Zero tolerance for tetracyclines
• Do not recognize systems-based inspection &
certification/equivalence
• Threatening ban on use of ractopamine
28. Russia
Why is Russia’s WTO accession important to U.S. pork
producers?
• Without SPS commitments from Russia the beneficial TRQs
mean very little. NPPC trying to get a bilateral SPS deal.
• In 2008, prior to Russia’s actions, U.S. pork reached a record
level of over 200,000 MT. Since then exports have fallen by
60%.
• Dr. Hayes of Iowa State forecasts U.S. pork exports to be at
least $400 million per year the next few years – IF Russia
stops using illegitimate SPS measures to limit U.S. pork.
30. China
• Domestic pork consumption 50 million (MT)
• Estimated that the market for U.S. pork in China could
be well over 1,000,000 MT.
• U.S. pork imports are constrained by:
• Ban on the use of ractopamine in imported pork
• Discriminatory value added tax (VAT)
• Large subsidies to domestic producers
• Other restrictive practices
• U.S. pork imports through the roof in 2011.
• China: $713 million
• China/HK: $909 million
32. China
Net Chinese Pork Imports as a Percent of
Chinese Pork Consumption
1.5
1
0.5
0
Percent
-0.5
-1
-1.5
-2
-2.5
Year
33. Why important to U.S. pork producers?
Impact of Additional Chinese Imports of U.S. Pork on the US Economy
Additional Imports as a Percent of Chinese Consumption
One Quarter One Half
Economic Indicators One Percent Five Percent
Percent Percent
US Pork Export Value
267,173 534,346 1,068,693 5,343,463
(Thousands Dollars)
US Pork Export Volume
125.13 250.25 500.50 2,502.50
(Thousand Metric Tons - CWE)
Total U.S. Jobs Created 6,849 13,698 27,396 136,981
Direct U.S. Pork Industry
3,393 6,786 13,572 67,862
Jobs Created
Share of U.S. Production
1.24 2.49 4.98 24.90
(Percent)
Impact on U.S. Live Hog Prices
3.72 7.44 14.88 74.39
($/Head)
35. Taiwan
• Started banning pork raised with ractopamine in 2007, beef in 2011.
• Notified to WTO in 2007 adoption of Codex draft MRL.
• Some in Taiwan have indicated that it is possible to set safe levels for
ractopamine
• Taiwanese pork producers are largest segment of Taiwan
agriculture.
• Legislative Yuan passed legislation on beef MRLs on July 25, 2012
• Maintaining all bans on the drug in pork
• Department of Health reached agreement for an MRL of 10 ppb for
beef, the standard adopted for muscle by Codex in July
• Taiwan is concerned TIFA is stalled while rest of the region is
negotiating trade deals without them
• Must address both beef and pork ractopamine MRLs for TIFA to
restart
37. Thailand
• Ban on ractopamine despite their FDA risk assessment
that it is safe.
• Dept. of Livestock and Development rarely grants
import licenses for U.S. pork with no justification.
• Import duties range from 30% to 40%.
• Import permit fee for pork
– 5 Baht per kg or US$162 per MT
• Removing these barriers will result in annual U.S. pork
exports of $30-35 million.
39. Japan’s MHLW Request
• Japan’s Ministry of Health, Labor and Welfare (MHLW) is
asking for scientific data for on-going work to develop a
negative list
• Over 300 compounds on list and 6 compounds on list
approved and used in U.S. pork production
• Working with FAS, USTR, AHI & individual companies to
submit data to ensure compounds not banned by Japan
1) Altrenogest – Merck 4) Neomycin – Pfizer
2) Bacitracin – Pfizer 5) Sulfachloropyridazine – BI
3) Carbadox – Phibro 6) Virginiamycin – Phibro