International Trade

India to seek end to non-tariff barriers during Modi’s China visit

Reuters | May 14, 2015 | International Trade

India will seek abolition of non-tariff barriers during Prime Minister Narendra Modi’s visit to China next week, officials said, as part of efforts to reduce a widening trade deficit and boost local industry. Read More »

EU to impose duties on imports of electrical steel

Reuters | May 14, 2015 | International Trade

The European Union will impose anti-dumping duties on imports of a grade of electrical steel from China, Japan, Russia, South Korea and the United States. Read More »

ProdecoTech, e-Bike Manufacturer, Now Enjoys Customs Benefits as part of Port Everglades Foreign-Tra

AJOT | May 14, 2015 | International Trade

ProdecoTech, an electronic bicycle manufacturer in Oakland Park, FL, has received federal approval to conduct their production activity as a non-contiguous site within Port Everglades Foreign-Trade Zone No. 25 Read More »

Republican Rubio hits Clinton on trade, ‘negligent’ foreign policy

Reuters | May 13, 2015 | International Trade

Republican presidential candidate Marco Rubio on Wednesday accused Democrat Hillary Clinton of failing to fight for free trade and overseeing a disastrous tenure as secretary of state. Read More »

Wal-Mart challenges Amazon with unlimited shipping service for $50 per year

Reuters | May 13, 2015 | International Trade

Wal-Mart Stores Inc is planning to test a new unlimited online shipping service this summer for $50 per year, a move that may hurt Amazon’s annual $99 Prime shipping service. Read More »

Presidential candidate Rubio vows to use US power to guard economic interests

Reuters | May 13, 2015 | International Trade

Republican presidential candidate Marco Rubio said on Wednesday that the United States must respond aggressively when rivals such as China and Iran take actions that threaten U.S. economic interests. Read More »

New global grain giant takes shape with COFCO, CIC venture

Reuters | May 13, 2015 | International Trade

China’s biggest grain trader has taken its next step to developing a major competitor to the traditional ‘Big 4’ global agribusiness giants, ADM, Bunge, Cargill and Louis Dreyfus. Read More »

China’s COFCO, CIC to set up venture to run agricultural businesses

Reuters | May 12, 2015 | International Trade

China’s largest grain trader COFCO is setting up a venture with sovereign wealth fund China Investment Corp (CIC) to control COFCO’s investments in Dutch trader Nidera and Noble Group Ltd’s agribusiness. Read More »

Alibaba rolls out 3-hour delivery service for healthcare goods

Reuters | May 12, 2015 | International Trade

Chinese online shopping giant Alibaba Group Holding Ltd is rolling out a three-hour delivery service for healthcare goods, mimicking rival JD.com Inc. Read More »

As Cuba opens, Hollande seeks greater French role

Reuters | May 11, 2015 | International Trade

French President Francois Hollande on Monday urged an end to the U.S. trade embargo of Cuba and envisioned a larger French role in Cuba’s engagement with the West during the first visit by a French head of state to Cuba. Read More »

Brazil to sweeten infrastructure package to woo investors

Reuters | May 11, 2015 | International Trade

Brazil could offer an improved rate of return for investment in multibillion-dollar projects aimed at overhauling its aging infrastructure and ease requirements as it seeks to lure more private capital, five officials close to policy talks told Reuters. Read More »

China’s state firms cool on new derivatives power

Reuters | May 11, 2015 | International Trade

Chastened by several high-profile calamities in the recent past, many of the state companies China has freed to trade overseas derivatives will be sitting on their hands, put off by the risks or a lack of expertise. Read More »

Europe appeals for UN to back operation to tackle migrant flow

Reuters | May 11, 2015 | International Trade

Europe appealed to the United Nations Security Council on Monday to back its plans to stem the flow of migrants across the Mediterranean and pledged that those intercepted at sea while making the precarious trip would not be repatriated. Read More »

Washington gives Jordan 100,000 tonnes of wheat worth $25 million

Reuters | May 10, 2015 | International Trade

The United States has given Jordan 100,000 tonnes of wheat as part of broader aid to help its Middle Eastern ally cushion the impact of Syrian refugees on its economy, U.S. officials said on Sunday. Read More »

Imports Settling Down After Surge to Clear Backlog

AJOT | May 08, 2015 | International Trade | Ports & Terminals

Import cargo volume at the nation’s major retail container ports is returning to normal levels as officials prepare to count votes on ratification of a new West Coast labor agreement that ended months of uncertainty, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. Read More »

US Customs Intercepts Cache of Undeclared Bees at Laredo Port

AJOT | May 08, 2015 | International Trade

U.S. Customs and Border Protection (CBP) agriculture specialists at Laredo Port of entry stung an ill-fated and unusual smuggling attempt as they seized a cache of undeclared live queen and worker honey bees from a group of travelers in a pickup truck. Read More »

Soy Growers call for ‘mandatory and continuous’ grain inspections

AJOT | May 08, 2015 | International Trade

American Soybean Association (ASA) Director Bill Gordon, of Minnesota, testified in Washington this week, calling on the Senate Committee on Agriculture, Nutrition and Forestry Committee to help ensure that grain inspections under the Grain Standards Act remain both mandatory and continuous, even in the event of a work stoppage due to strike or lockout. Read More »

Russia and China deepen ties with new economic deals

Reuters | May 08, 2015 | International Trade

Russia and China signed a $25 billion deal to boost Chinese lending to Russian firms and a host of other accords deepening economic cooperation on Friday as Moscow’s ties with the West fray over the Ukraine crisis. Read More »

Carly Fiorina ‘uncomfortable’ granting trade authority to Obama

AJOT | May 08, 2015 | International Trade

Americans for Limited Government President Rick Manning today issued the following statement praising presidential candidate Carly Fiorina for stating she is "uncomfortable with this deal and giving him trade authority" to Obama to negotiate the Trans-Pacific Partnership trade deal on the Laura Ingraham Show: Read More »

Adidas behind competition? Some shareholders think so.

Reuters | May 07, 2015 | International Trade

Adidas (shareholders took aim at the management of the German sportswear company on Thursday, not convinced a new strategy would be enough to challenge the dominance of rival Nike. "Adidas is panting behind the competition. Adidas lost the race, at least in 2014," Gerhard Jaeger, spokesman for the SdK investor association, told the firm's annual shareholder meeting in the southern town of Fuerth. Read More »