WTO urges Japan to reform, free trade

AJOT | February 17, 2011 | International Trade

Japan must liberalize its foreign trade as part of wide-ranging structural reforms to restore competitiveness and boost growth, the World Trade Organization said.

Looser macro-economic policies, albeit offset by the appreciation of the yen that reinfo Read More »

US senators set March 9th date for Latin America trade plan

AJOT | February 17, 2011 | International Trade

U.S. Trade Representative Ron Kirk faced pressure to come up with a plan to win approval for long-delayed free trade agreements with Panama and Colombia by the time he testifies before the Senate Finance Committee on March 9.

"We expect that you will Read More »

Abercrombie to boost spending, expand global reach

AJOT | February 17, 2011 | International Trade

Teen retailer Abercrombie & Fitch Co posted a bigger-than-expected quarterly profit as discounts boosted traffic, and said it plans to almost double its capital expenditures this year as it ramps up international expansion.

Abercrombie, once a high-fl Read More »

Peru to expand ambitious trade agenda

AJOT | February 17, 2011 | International Trade

Peru's ambitious agenda to diversify both the products it sells abroad and the market for its exports is taking it to India and Arab Gulf countries, Trade Minister Eduardo Ferreyros said.

Peru has finished trade negotiations with the European Union an Read More »

UK farmers seek national food plan as imports rise

AJOT | February 17, 2011 | International Trade

Britain needs a national food plan that makes production a strategic priority and curbs its increasing reliance on imports, Peter Kendall, president of the National Farmers Union said.

Kendall told the NFU's annual conference that global food prices w Read More »

Japan agonises whether to jump aboard free-trade train

AJOT | February 17, 2011 | International Trade

Everyone who is willing Japan to find the elixir to revive its listless economy and put off its day of reckoning with the bond markets should pencil June in their calendars.

That is when Prime Minister Naoto Kan, if he is still in office -- and it is Read More »

Chinese telco gearmakers aim to leap US barriers

AJOT | February 17, 2011 | International Trade

Chinese telecom equipment makers have their sights set on the United States, a massive market that has so far been largely off limits to them because of fears over the security of key national infrastructure.

Huawei, the world's number three seller of Read More »

Rajesh Exports rides on retail expansion plans

AJOT | February 17, 2011 | International Trade

Rajesh Exports Ltd , one of India's top jewellery manufacturer and exporter, plans to open 550 retail stores in three years in the country on the back of robust demand for gold jewellery despite rising prices, a top official said.

"Demand is consisten Read More »

Colombia losing patience with US on trade

AJOT | February 17, 2011 | International Trade

Colombians have "started losing patience" with U.S. delays over trade deals as China steps up its interest and investments in the Andean nation, Bogota's envoy to Washington said.

"They are ready to throw in the towel," Ambassador Gabriel Silva told R Read More »

US takes disputes to WTO, China trade gap up

AJOT | February 17, 2011 | International Trade

The United States said it had asked the World Trade Organization to rule on two disputes with China -- one on restrictions Beijing has imposed on U.S. specialty steel exports and the other on access to its vast credit and debit card payments market.

T Read More »

Canfor sees long-term market in China

AJOT | February 17, 2011 | International Trade

Canfor Corp sees further growth in lumber sales to China this year with the market now taking about 30 percent of the company's production, its executives said.

Canfor is not abandoning its traditional U.S. customers for China, but the days of being " Read More »

China resource demand drives Kazakh trade surplus

AJOT | February 17, 2011 | International Trade

China spent more than $10 billion on goods from resource-rich Kazakhstan last year to become the most lucrative export market for Central Asia's largest economy, official Kazakh data released showed.

China, the world's second-largest crude oil importe Read More »

Obama wants all three trade pacts passed

AJOT | February 17, 2011 | International Trade

US Treasury Secretary Timothy Geithner gave the Obama administration's clearest statement yet that it wants to work with Congress to approve three long-delayed trade agreements with South Korea, Colombia and Panama this year.

"We'd like to pass all of Read More »

CEO sees doubling of growth in 2011

AJOT | February 17, 2011 | Air Cargo

Looking ahead in the worldwide air cargo market, the chief executive of Airline Network Services expressed confidence that the company's record of growth and expansion established last year will be doubled in 2011.

"Through careful management and hand Read More »

Forward Air Q4 profit beats Street

AJOT | February 17, 2011 | Air Cargo

Air cargo company Forward Air Corp posted a quarterly profit that beat market estimates, helped by strong performance at all its segments, and said improving macroeconomic environment along with company-specific positive trends will continue this year. Read More »

Government slams graft in China airport building boom

AJOT | February 17, 2011 | Air Cargo

China's airport building boom over the past five years has caused a litany of graft and environmental problems, but has managed to boost local economies, the government's spending watchdog said.

Ten airport projects across the country cost taxpayers s Read More »

Atlas Air profit tops expectations

AJOT | February 17, 2011 | Air Cargo

Atlas Air Worldwide Holdings Inc posted a higher-than-expected quarterly profit and forecast 2011 earnings above current Wall Street estimates, sending the cargo carrier's shares up as much as 11.6 percent to a nearly three-year high.

The company has Read More »

OOCL announces re-introduction of the Atlantic Express Service (AES)

AJOT | February 17, 2011 | Liner Shipping

OOCL announced re-introduction of the Atlantic Express Shuttle (AES) with an additional port call to Hamburg.

Revised rotation will be: Hamburg-Antwerp-New York-Hamburg. Read More »

Sea Star Line reaches 10,000 load milestone

AJOT | February 17, 2011 | Liner Shipping

Sea Star Line, LLC, will soon mark one year of its weekly service to Puerto Rico from the Port of Philadelphia's Tioga Marine Terminal. After less than 10 months of operation, Sea Star Line's fleet of three vessels has moved a milestone 10,000 loads throu Read More »

NOL says Q4 net profit $177 mlllion

AJOT | February 17, 2011 | Liner Shipping

Neptune Orient Lines (NOL) , the world's seventh largest container shipping firm, reported on Wednesday better-than-expected fourth-quarter net profit, reversing from a loss the previous year as freight rates and cargo volumes soared. Read More »