International Trade

Russian firms could take part in Egypt’s grain silo plan

Reuters | February 10, 2015 | International Trade

Egypt, the world’s largest wheat importer, is considering building an 8 million tonne grain silo, and Russian companies could take part, Russian Agriculture Minister Nikolai Fyodorov said. Read More »

Indian diesel cargoes head to Australia in rare move

Reuters | February 10, 2015 | Energy | Maritime | International Trade

Indian diesel cargoes are being shipped to Australia in a rare move as rising competition from new Middle East refineries has made it more difficult to land the fuel in India’s core traditional markets in Europe and Africa. Read More »

Iraq was second-leading contributor (after the U.S.) to global oil supply growth in 2014

AJOT | February 09, 2015 | Energy | International Trade

US EIA: Despite some supply disruptions and security threats, Iraq was the second-leading contributor to global oil supply growth in 2014, behind only the United States. Read More »

RPT-Best party mood for oil traders since 2008 price crash

Reuters | February 09, 2015 | Energy | International Trade

The oil price crash has meant slashed budgets, staff layoffs and mothballed projects for big producers, but oil traders will celebrate their best market for years this week. Read More »

US Customs “Superfake” operation catches $12 million in fake merchandise

AJOT | February 06, 2015 | International Trade

U.S. Customs and Border Protection interdicted nearly 700 shipments of counterfeit merchandise valued at $12 million as part of a Super Bowl XLIX focused operation Read More »

Soybean group urges Congress to take up and pass TPA

AJOT | February 06, 2015 | International Trade

The American Soybean Association (ASA), as part of a larger coalition of agriculture and food industry organizations, sent a letter this week to members of Congress encouraging them to support the immediate introduction and enactment of Trade Promotion Authority (TPA) legislation. ASA has a particularly valuable stake in global trade, as soybeans represent the largest American agricultural export. Read More »

Ex-Im Bank Chairman Hochberg statement on the release of export data from the Commerce

AJOT | February 06, 2015 | International Trade

Export-Import Bank Chairman Fred P. Hochberg Statement on the Release of Export Data from the Commerce Department as U.S. Sets Record for Fifth Consecutive Year Read More »

California exports achieve new mark

AJOT | February 06, 2015 | International Trade

Overcoming a strengthening dollar, slackening demand from economically stressed trading partners, and congestion at major West Coast seaports, California’s exporters set a new all-time high in 2014, according to a Beacon Economics' analysis of foreign trade data. Read More »

Soy growers find faults, opportunities in proposed White House budget

AJOT | February 06, 2015 | International Trade

Following the release of President Obama’s proposed FY2016 budget on Monday, ASA drew attention to multiple areas in which the association saw potential dangers and opportunities in the proposal. Read More »

ASA pushes congress to take up and pass TPA

AJOT | February 06, 2015 | International Trade

ASA, as part of a larger coalition of agriculture and food industry organizations, sent a letter this week to members of Congress encouraging them to support the immediate introduction and enactment of TPA legislation. Read More »

Full Colonial Pipeline gives rise to U.S. market for shipping capacity

Reuters | February 06, 2015 | Energy | Pipeline | International Trade

The perpetually full Colonial Pipeline has spawned another market for traders and brokers: line space on the crucial artery. Read More »

U.S. Bureau of Economic Analysis, says goods and services deficit was $46.6 bn in Dec.

AJOT | February 05, 2015 | International Trade

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced that the goods and services deficit was $46.6 billion in December, up $6.8 billion from $39.8 billion in November. December exports were $194.9 billion, down $1.5 billion from November. December imports were $241.4 billion, up $5.3 billion from November. Read More »

Premium Article  The future of relations with Cuba – more questions than answers loom after White House announcement

Jenifer Kimble | February 05, 2015 | International Trade

The prospect of normalizing diplomatic relations and lifting the half-century trade embargo on Cuba has prompted more questions than answers. Now the question is no longer about whether the embargo will be lifted but rather when? Read More »

Whirlpool expects robust US growth, but dollar to drag

Reuters | February 04, 2015 | International Trade

Whirlpool Corp said 2015 would be another solid year for U.S. sales of its washers, stoves and refrigerators because of the housing market's recovery and low oil prices, and its shares rose 6 percent. Read More »

Subaru-maker Fuji Heavy lifts profit view on rosy US sales, weak yen

Reuters | February 04, 2015 | International Trade

Japan's Fuji Heavy Industries Ltd , the maker of Subaru cars, raised its annual profit forecasts, lifted by brisk sales in the buoyant U.S. market and a weaker yen. Read More »

Automakers report January sales gains in Canada

Reuters | February 04, 2015 | International Trade

The top auto companies sold more vehicles in Canada last month than a year ago, according to industry data, with Chrysler Canada leading the pack as the top-selling carmaker for January. Read More »

India’s coffee exports to fall 10 pct on lower arabica output

Reuters | February 04, 2015 | International Trade

India's annual exports of coffee are set to drop by more than a tenth in the marketing year ending Sept. 30, hit by lower output of the arabica variety as farmers' demand for higher prices erodes overseas competitiveness. Read More »

Obama seeks to fold US trade agencies into one-stop-shop

Reuters | February 03, 2015 | International Trade

President Barack Obama revived a proposal to fold the office of the U.S. Trade Representative and other trade bodies into a one-stop-shop for U.S. exporters, a plan that in the past drew mixed reviews. Read More »

US lawmakers preparing Cuba telecomms, agriculture bills

Reuters | February 03, 2015 | International Trade

U.S. lawmakers are preparing a series of bills to ease U.S. restrictions on trade with Cuba, with plans to introduce them in the Senate in the next two months, senior congressional aides said. Read More »

GM confirms Indonesia factory plan with China’s SAIC Motor

Reuters | February 03, 2015 | International Trade

General Motors said that one of its Chinese ventures plans to establish manufacturing operations in Indonesia to take advantage of growth in Southeast Asia's biggest vehicle market. Read More »