International Trade

Key Democratic senators back plan for US trade legislation

AJOT | June 23, 2015 | International Trade

The U.S. Senate is headed toward showdown votes this week on legislation key to a Pacific trade pact, with some Democrats essential to passing the measure vowing to support it again and others undecided on whether to change their votes to oppose the bill. Read More »

US and EU face ‘heavy lift’ to get trade deal

AJOT | June 23, 2015 | International Trade

The United States and the European Union face a major challenge to achieve a free trade deal before President Barack Obama's term of office ends in January 2017, the EU's ambassador to the United States said. Read More »

US, India discuss intellectual property concerns

AJOT | June 23, 2015 | International Trade

Indian Finance Minister Arun Jaitley said on Saturday that senior Obama administration officials had raised U.S. concerns with him about India’s handling of intellectual property rights during his U.S. visit this week. Read More »

US trade negotiator poised to close on Pacific trade pact

AJOT | June 23, 2015 | International Trade

The chief U.S. agricultural negotiator says she is just a few phone calls and meetings away from wrapping up loose ends with her counterparts for a massive Pacific trade deal. Read More »

Asia’s exporters struggle to cope with a changing global economy

AJOT | June 23, 2015 | International Trade

In the good old decades, many Asian governments could stick to a simple economic strategy - ramp up exports, and reap solid growth rates. Read More »

China pushes 21st century Silk Road, bets on Modi to sign up

AJOT | June 23, 2015 | International Trade

The centre of China’s three-decade manufacturing boom, Guangdong, sits on the South China Sea, barely an hour from Hong Kong port. It is also the starting point of China’s Maritime Silk Road, a grand plan to recreate the ancient trading route linking Asia to Europe in which it wants India to sign up. Read More »

Brazil’s current account gap narrows on positive trade

AJOT | June 23, 2015 | International Trade

Brazil's current account deficit narrowed in May to half its level in the previous month due to a rising trade surplus, boosted by dwindling demand for imports and a weaker local currency. Read More »

Germany’s Gabriel opposes debt haircut for Greece

Reuters | June 23, 2015 | International Trade

German Vice Chancellor Sigmar Gabriel said on Tuesday a debt haircut for Greece would not accomplish anything if Athens simply piled on more debts immediately afterwards, adding that Germany and Europe must not be blackmailed by Athens. Read More »

Greek offer to creditors stirs angry backlash at home

Reuters | June 23, 2015 | International Trade

Greek lawmakers reacted angrily on Tuesday to concessions Athens offered in debt talks and parliament’s deputy speaker warned the proposals might by rejected, puncturing optimism that a deal to pull Greece back from the abyss might be sealed quickly. Read More »

Austria finmin says no agreement on Greek proposals without concrete plan

Reuters | June 23, 2015 | International Trade

Austria’s finance minister said on Tuesday there would be no agreement on new Greek budget proposals unless there was a concrete plan showing how they would be carried out. Read More »

U.S. ethanol exports to Brazil face tariff increase

Reuters | June 22, 2015 | Energy | International Trade

Brazil increased a tariff on imported ethanol to 11.75 percent on Monday, in a move expected to benefit local cane mills and put further pressure on shipments of U.S. ethanol, which account for the bulk of imports to Brazil. Read More »

Argentine grains workers sign wage deal, averting strike

Reuters | June 22, 2015 | International Trade

Port workers at Argentina’s Rosario grains hub have called off a strike that was planned for Tuesday after agreeing with export companies to a 31.5 percent wage increase, a union official said. Read More »

Export-Import Bank Approves Financing for Export of 144 American-Made Bridges to Sub-Saharan Africa

AJOT | June 22, 2015 | Breakbulk & Projects | Projects | International Trade

The Export-Import Bank of the United States (EXIM) Chairman and President Fred Hochberg announced today in New Castle, Delaware that the Bank will finance the sale of Acrow Corporation of America’s modular steel bridge components to the Road Development Agency in the Republic of Zambia (ROZ). EXIM will guarantee a $73 million commercial loan to facilitate the export of 144 steel bridges. Transaction will support jobs in Pennsylvania, Delaware, New Jersey, and several other states. Read More »

U.S. Treasury’s Lew urges Greece to make serious move in debt talks

Reuters | June 22, 2015 | International Trade

U.S. Treasury Secretary Jack Lew urged Greece again on Monday to make a “serious move” at reaching a deal with its creditors, saying it needed to quickly submit proposals that were credible, a Treasury official said. Read More »

Chinese firms pour money into U.S. R&D in shift to innovation

Reuters | June 22, 2015 | International Trade

Surging investment by Chinese companies in U.S. research labs is yielding a fast-growing trove of patents, part of a push to mine America for ideas to help China shift from Read More »

The Bank of Japan said it expects factory output to fall for the first time in three quarters

Reuters | June 22, 2015 | International Trade

The Bank of Japan said it expects factory output to fall for the first time in three quarters in April-June on weak Asian demand, underscoring the fragile nature of the economic recovery. Read More »

Brazil’s JBS world’s largest meat packer to pay $1.5 billion for rival Moy Park

Reuters | June 22, 2015 | International Trade

Brazil's JBS SA, the world's largest meat packer, has agreed to pay about $1.5 billion for Moy Park Ltd, the British unit of rival Marfrig Global Foods SA (MRFG3.SA), JBS and Marfrig announced. Read More »

“Reasonable” Greek offer raises hopes of deal but Germany urges caution

Reuters | June 22, 2015 | International Trade

Euro zone officials welcomed Greek concessions on Monday as a possible step towards a deal on averting a default, but politicians dismissed expectations of a breakthrough at a summit later in the day to secure the country’s future in the euro. Read More »

Cargo Thefts Trending Up

AJOT | June 22, 2015 | International Trade

Across the United States, cargo theft is up 11 percent in these rolling three months from the same period in 2014. California, Florida, and Illinois have the biggest decreases in cargo theft. But cargo theft has increased in New Jersey and Texas and has occurred in a wider distribution of states in this rolling quarter. Read More »

First aircraft Airbus components transported by DHL arrive in Mobile, Alabama from Hamburg, Germany

AJOT | June 22, 2015 | Air Cargo | International Trade

DHL Industrial Projects provides multimodal transport concept for highly sensitive break-bulk goods with unit weights of thirty tonnes. Read More »