AGL 38.16 No Change ▼ 0.00 (0%)
AIRLINK 134.75 Increased By ▲ 0.56 (0.42%)
BOP 9.05 Increased By ▲ 0.20 (2.26%)
CNERGY 4.78 Increased By ▲ 0.09 (1.92%)
DCL 8.62 Decreased By ▼ -0.05 (-0.58%)
DFML 40.00 Increased By ▲ 0.22 (0.55%)
DGKC 84.42 Decreased By ▼ -0.73 (-0.86%)
FCCL 34.80 Decreased By ▼ -0.10 (-0.29%)
FFBL 75.90 Increased By ▲ 0.30 (0.4%)
FFL 12.81 Increased By ▲ 0.07 (0.55%)
HUBC 109.79 Increased By ▲ 0.34 (0.31%)
HUMNL 14.05 Decreased By ▼ -0.05 (-0.35%)
KEL 5.47 Increased By ▲ 0.07 (1.3%)
KOSM 8.05 Increased By ▲ 0.30 (3.87%)
MLCF 41.00 Decreased By ▼ -0.37 (-0.89%)
NBP 69.80 Increased By ▲ 0.10 (0.14%)
OGDC 194.00 Increased By ▲ 0.38 (0.2%)
PAEL 26.20 Decreased By ▼ -0.01 (-0.04%)
PIBTL 7.50 Increased By ▲ 0.08 (1.08%)
PPL 164.51 Increased By ▲ 0.66 (0.4%)
PRL 26.45 Increased By ▲ 0.09 (0.34%)
PTC 19.66 Increased By ▲ 0.19 (0.98%)
SEARL 86.10 Increased By ▲ 1.70 (2.01%)
TELE 8.05 Increased By ▲ 0.06 (0.75%)
TOMCL 33.89 Decreased By ▼ -0.16 (-0.47%)
TPLP 8.85 Increased By ▲ 0.13 (1.49%)
TREET 17.27 Increased By ▲ 0.09 (0.52%)
TRG 60.60 Decreased By ▼ -0.40 (-0.66%)
UNITY 29.19 Increased By ▲ 0.23 (0.79%)
WTL 1.37 No Change ▼ 0.00 (0%)
BR100 10,795 Increased By 19 (0.18%)
BR30 32,244 Increased By 10.3 (0.03%)
KSE100 100,524 Increased By 441.7 (0.44%)
KSE30 31,280 Increased By 86.2 (0.28%)

China and Iceland signed a free trade agreement on Monday boosting Beijing's presence in an Arctic region that world powers are looking at for new shipping routes, minerals and oil. The deal signed in Beijing aims to abolish tariffs between an island of 320,000 people and the Asian powerhouse of 1.2 billion. Iceland's exports to China, mainly seafood, rose 40 percent last year to about $61 million, the Icelandic government said in a statement announcing the agreement.
While the deal may boost Iceland as it recovers from a 2008 economic crash, the agreement is likely to be seen also as a symbolic push by China into the Arctic. The Arctic has big reserves of oil, gas, gold, diamonds, zinc and iron. And with global warming melting polar ice, it may offer new shipping routes - and naval interests - for trade between Asia, Europe and North America's east coast.

Copyright Reuters, 2013

Comments

Comments are closed.