The US Food and Drug Administration has received approval from the US State Department to establish eight full time permanent FDA positions at US diplomatic posts in the People's Republic of China, pending authorization from the Chinese government.
FDA's plans to hire and place FDA staff in China over the next 18 months. It will also be hiring a total of five local Chinese nationals to work with the new FDA staff at the US Embassy in Beijing and the U.S. Consulates General in Shanghai and Guangzhou.
"In an age when a border is not a barrier, the globalized economy demands nothing less than heightened regulatory interoperability, information exchange, and cooperation, especially on product quality and enforcement matters," said Murray M. Lumpkin, M.D., deputy commissioner for International and Special Programs, FDA.
"Along with the important Memoranda of Agreement signed with two FDA counterpart Chinese agencies, our efforts to fill permanent FDA positions in China are a significant step toward ensuring access to safe food, drugs, and medical devices in the global market."
Building the FDA's capacity outside of the US supports the agency's "Beyond our Borders" initiative that facilitates the building of stronger cooperative relationships with the FDA's counterpart agencies around the world and enhanced technical cooperation with foreign regulators.
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Chains such as Safeway, Whole Foods Markets and Wal-Mart, are pushing solar panel installation projects to gain a 30% tax credit. Kathy Loftus from Whole Foods Market, commented: "We're hoping that our purchases along with some other retailers will help bring the technology costs."
After X5 announced that all new hypermarkets will be opened under the Karusel brand, Russia's largest food retailer, gained 3.2% in London trading. The retailer aims to add as much as 160,000 sq m of space this year as economic growth in Russia enables more people to buy higher-priced foods and shop in stores rather than at open markets.
Wal-Mart has announced plans to invest around USD 1 billion in Brazil and open 80 to 90 new stores, in all its formats, in 2009. It will be the largest investment the retailer has made in Brazil since it opened its first operation in Sao Paulo in 1995.
Although sales are up by 17% for Fresh & Wild Ltd, the UK unit of Whole Foods Market, the company has reported ₤7 million loss for the year to September 30, 2007. Some analysts feel that there is too much working against Whole Foods for it to really get off the ground.
Carrefour has been keeping its entry into Iran low-key, as both the retailer and Tehran's government suspect that the foreign presence may cause some excitement. It is not clear yet how feasible it will be for Carrefour to maintain supply in the face of financial restrictions on trade with Iran as a result of US sanctions.
The sale of 107 Somerfield stores, purchased last month by the Co-operative Group, is being handled by Credit Suisse which has requested that potential bidders offer up proposals before 22 August.
