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|SANTIAGO Eric Fisher Chiefs Jersey , July 28 (Xinhua) -- Chilean Mining Minister Aurora Williams said on Friday the government was upgrading its price projections for copper in 2017, from 2.60 to 2.64 U.S. dollars a pound on the world market.
The prices for copper, Chile's main export product, in the year of 2018, were also adjusted Allen Bailey Chiefs Jersey , up from 2.60 to 2.68 dollars per pound.
"The rise in 2017 is due in part to the improved performance of China's economic indicators, which surpassed market forecasts," Williams said at a press conference.
China's economy continued steady expansion in the first half of this year with the GDP up 6.9 percent year on year, according to the latest data released by Chinese authorities. The reading is well above the government's target for the year of 6.5 percent.
Another factor was lower expectations that the U.S. Federal Reserve will increase its benchmark interest rate more than once in the second half of the year, she said.
Meanwhile Ron Parker Chiefs Jersey , Sergio Hernandez, the executive vice president of the Chilean Copper Commission (Cochilco), said that global copper demand in 2017 was expected to reach 23.6 million tons, or 1.5 percent more than in 2016.
"In the second half of the year, Cochilco expects foundries that were under maintenance in China to begin operating Laurent Duvernay-Tardif Chiefs Jersey , a reduction in the availability of scrap metal, a recovery in inventories and greater stability in economic growth, which will lead to a recovery in copper demand," said Hernandez at the press conference.
In 2018, global copper demand is expected to reach 24 million tons.
Chile's economy has slowed down since 2013 Dee Ford Chiefs Jersey , in part due to falling prices for its main export.
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LOME, Aug. 8 (Xinhua) -- Togo's Prime Minister Selom KomiKlassou on Tuesday urged African countries to consider trade asdriver for substantial growth of wealth.
He expressed this in his opening speech of the special sessionsof private sector and civil society representatives as part of the16th Forum of the African Growth and Opportunity Act (AGOA) themed"The U.S. and Africa: Partnering for Prosperity through Trade" inLome, capital of Togo.
"The Lome sessions must serve as catalyst to fulfill our shareddreams and actually consider trade as unavoidable driver forsubstantial growth of wealth of our nations and improve the livingconditions of our people," Klassou said.
Over a thousand participants from 38 Sub-Saharan Africancountries and the United States are expected at the three-dayforum.
Tuesday's sessions gathered private sector and civil societyrepresentatives as well as U.S.-sponsored African Women'sEntrepreneurship Program (AWEP).
Discussions were focused on how they can contribute tostrengthening economies through trade Albert Wilson Chiefs Jersey , expanding inclusive andsustainable economic growth, holding governments accountable, andthe necessity of social corporate responsibility which contributeto the development of prosperous societies.
Klassou believed that these sessions are "excellent frameworkfor discussions that will enable to overcome the bottlenecks thatare faced with in the implementation of AGOA between the UnitedStates and the eligible Sub-Saharan African countries."
During the 16th AGOA Forum, officials will explore wayscountries can continue to maximize the benefits of AGOA andstrengthen trade and investment with the United States.
The Lome meeting includes ministerial plenary with theparticipation of a wide range of U.S. representatives among whichare members of the Congress.
Ministerial session will be held on Aug. 9 and 10 and will bechaired by the United States Trade representative Ambassador RobertLighthizer, sources close the organization said.
AGOA is based on the existing trade programs of the UnitedStates and expands the duty-free benefits that were previouslyavailable only under the Generalized System of Preferences (GSP)program.
Duty-free access to the U.S. market under the combined AGOAGSPprogram stands at approximately 6 Mitchell Schwartz Chiefs Jersey ,500 product tariff lines,including the tariff lines that were added by the AGOAlegislation.
The newly added AGOA-products include apparel and footwear,wine, certain motor vehicle components, a variety of agriculturalproducts Demetrius Harris Chiefs Jersey , chemicals, steel and many others. Enditem
Pedestrians walk past the concrete blocks acting as bollards on July 8, 2017 in Melbourne, Australia. More than 200 large concrete blocks were installed across the Melbourne City to block vehicle access to pedestrian zones so as to prevent terror attack. (XinhuaBai Xue)
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UNITED NATIONS Cairo Santos Chiefs Jersey , May 16 (Xinhua) -- The UN Children's Fund (UNICEF) said Tuesday that one in four children in the Middle East and North Africa live in poverty as poverty continues to impact at least 29 million children in the region.
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