International Trade

China’s Huawei seeks US foothold in smartphone race

Reuters | February 24, 2014 | International Trade

China's Huawei Technologies believes it can take advantage of recent changes in how operators in the United States sell phones to get a foothold in the all-important market, an executive with its consumer division said. Read More »

China confident can maintain same growth pace in trade this year

Reuters | February 24, 2014 | International Trade

China is confident of maintaining around the same pace of growth in foreign trade this year as last year, the Ministry of Commerce said. Read More »

Mexico saw record $35 billion in foreign direct investment in 2013

Reuters | February 24, 2014 | International Trade

Mexico drew a record $35.2 billion in foreign direct investment (FDI) last year, the country's economy ministry said on Sunday, nearly double the level seen in 2012. Read More »

CGB joins grain shippers rejecting Syngenta’s GMO corn trait

Reuters | February 24, 2014 | International Trade

Consolidated Grain and Barge Co on Monday became the latest U.S. grain handler to say it will not accept crops containing Syngenta AG’s new genetically modified corn trait until it is approved by major importers. Read More »

Rising volumes of GMO-free soy available

Reuters | February 24, 2014 | International Trade

Soybeans that are free of genetically modified organisms (GMOs) are available in growing volumes, despite claims by German poultry producers that supplies are falling, three associations that support GMO-free crops and trade said. Read More »

Rain returns to Ivory Coast’s Daloa cocoa region

Reuters | February 24, 2014 | International Trade

Rains returned last week to Ivory Coast’s western cocoa growing region of Daloa after more than a month of dry conditions, farmers said on Monday although worries for the upcoming mid-crop deepened for growers along the coast. Read More »

China in 3-day talks with Sri Lanka on economic cooperation

Reuters | February 22, 2014 | International Trade

Chinese officials began three days of talks on economic cooperation with Sri Lanka on Saturday, as Beijing strengthens relations with the Indian Ocean island that is a focal point for its regional rivalry with India. Read More »

US trade chief to focus on farm barriers in Japan, Canada

Reuters | February 21, 2014 | International Trade

Barriers to farm imports in Japan and Canada will be one focus of free trade talks with Pacific Rim countries this weekend, U.S. Trade Representative Michael Froman said. Read More »

Obama’s ambitious trade agenda hits Asian resistance

Reuters | February 21, 2014 | International Trade

America's ambitious trade agenda is running into fierce resistance in Asia, but negotiators say a draft Pacific free-trade deal that papers over some differences may be ready by the time U.S. President Barack Obama visits the region in April. Read More »

Wal-Mart’s China syndrome a symptom of international woes

Reuters | February 21, 2014 | International Trade

Wal-Mart Stores Inc, famed for its low prices, has stumbled in the one major market where consumers say price is less of a driver in their buying decisions: China. Read More »

In Asia, WhatsApp posts mixed message for Facebook

Reuters | February 21, 2014 | International Trade

WhatsApp may be hugely popular but its forays into Asia, the world's biggest mobile market, have had mixed success, raising questions about whether it can sustain the explosive growth Facebook Inc cited to justify its $19 billion price tag. Read More »

China auto lobby, policymakers collide over foreign investment

Reuters | February 21, 2014 | International Trade

China's auto lobby has urged Beijing to support local carmakers after the regulator said it was considering further opening up the market to outside investment amid a deepening row between policymakers and state-owned car firms. Read More »

Brazil posts record current account deficit in January

Reuters | February 21, 2014 | International Trade

Brazil January's current account deficit was the biggest ever posted, central bank data showed, the latest evidence of the rapid deterioration of its balance of payments as Brazilians continue to spend heavily on imports and trips abroad. Read More »

‘Three Amigos’ look to reduce trade frictions, Keystone nags

Reuters | February 20, 2014 | International Trade

U.S. President Barack Obama and his Canadian and Mexican counterparts discussed ways to reduce any trade frictions at a summit in central Mexico, but clear divisions remained over the Keystone XL oil pipeline project. Read More »

Boeing says South Carolina carbon fiber plant will support 787

Reuters | February 20, 2014 | International Trade

A plan by Japan's Toray Industries Inc to build a $1 billion carbon fiber manufacturing plant in South Carolina is among the "proactive efforts" to support Boeing Co's drive to ramp up its production of 787 Dreamliners, Boeing said. Read More »

Have a cigar: Cuba and Europe to write a business plan

Reuters | February 20, 2014 | International Trade

It all happened one hot January day last year at an EU-Latin America summit in Chile. Castro cheerily waved alongside European Commission President Jose Manuel Barroso for the official group picture and then, as the photo gathering broke up, German Chancellor Angela Merkel shook his hand. Read More »

Puma seeks to source goods closer to Western consumers

Reuters | February 20, 2014 | International Trade

German sportswear firm Puma SE is looking to produce more goods closer to customers in Europe and the Americas, but will not abandon Asia in the next few years despite rising labor costs and political unrest, its chief executive said. Read More »

Germany’s surplus not harming euro zone

Reuters | February 20, 2014 | International Trade

Germany's persistently high current account surplus is not putting the euro zone economy at risk, the chairman of euro zone finance ministers said, dismissing U.S. concerns. Read More »

Japan may take Indonesia to WTO over mineral export ban

Reuters | February 20, 2014 | International Trade

The Japanese government is set to seek talks with Indonesia through the WTO this month, the report said, without citing sources. If the issue was not resolved, Japan would request that a panel be appointed to look into the case, it added. Read More »

Taiwan January export orders shrink as China, US demand falls

Reuters | February 20, 2014 | International Trade

Taiwan's export orders surprisingly shrank in January, as a lull after the 2013 year-end holidays dampened demand in its key markets, raising concerns for its high-tech manufacturers. Read More »