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Li&Fung says China low-cost era over

AJOT | June 27, 2010 | International Trade

Consumer goods exporter Li & Fung Ltd said the low-cost era in China was likely over but it anticipated no radical change in sourcing in the country, adding that it aimed to switch its sourcing focus to the interior from coastal areas.

Speaki Read More »

Mexico stands to gain from stronger yuan

AJOT | June 27, 2010 | International Trade

Mexico, which competes directly with China to sell electronics and autoparts to the United States, looks like a clear winner in the Asian giant's plan to strengthen its currency. Read More »

Farm trade safeguard would have limited impact

AJOT | June 27, 2010 | International Trade

A controversial plan to allow developing countries to raise tariffs temporarily to cope with a destabilising flood of food imports or drop in food prices would actually have little impact on trade flows, a new study shows. Read More »

Ford Motor to invest $450 mlllion in new Thai plant

AJOT | June 27, 2010 | International Trade

Ford Motor Co announced a $450 million investment in Thailand to build a new manufacturing plant, with the bulk of the output destined for export markets as part of its expansion in Asia Pacific. Read More »

US says China blocking stuck Doha trade talks

AJOT | June 27, 2010 | International Trade

The World Trade Organization's long-running Doha round is stuck and a deal is impossible until China and other big emerging economies join real negotiations to open their markets, a top U.S. trade official said.

The unusually outspoken commen Read More »

Yuan move to aid some Canadian fertilizer, forest firms

AJOT | June 27, 2010 | International Trade

As the market debates the benefits of the flexible yuan on commodity prices, a few Canadian firms that have a large part of their operations in China are likely to reap rewards from the currency move. Read More »

Big Thai trade surplus as May exports jump

AJOT | June 27, 2010 | International Trade

Thailand had its biggest trade surplus in almost two years in May as exports jumped 42 percent from a year before, more than the 34 percent forecast. Read More »

Turkish Tigers press Iran trade amid sanctions fears

AJOT | June 27, 2010 | International Trade

Money changers in the shadow of Istanbul's historic Grand Bazaar hand Turkish exporters cash sent from Iran. Trucks and vans ferry textiles and small machinery across the frontier into the Islamic Republic. Read More »

Urbanizing emerging markets crave more coffee

AJOT | June 27, 2010 | International Trade

The hustle of city life is turning more of the world's poor into coffee drinkers to cope with the transition from a rural pace to the demands of a bustling urban existence. Read More »

US lawmakers renew drive for China currency bill

AJOT | June 27, 2010 | International Trade

U.S. lawmakers dismissed China's recent step toward a more flexible currency policy as too little too late and said they would pursue legislation to press Beijing for more significant reform.

"Nothing ever changes unless you force China to ac Read More »

US policy prevents poultry exports-Russia watchdog

AJOT | June 27, 2010 | International Trade

Washington's policy remains the only obstacle blocking the resumption of poultry exports to top buyer Russia, the head of Russia's consumer protection watchdog Rospotrebnadzor said. Read More »

Obama, Medvedev reach deal on US poultry exports

AJOT | June 27, 2010 | International Trade

U.S. President Barack Obama and Russian President Dmitry Medvedev to allow U.S. companies to restart exports of poultry to Russia as the two leaders found common ground on trade and investment. Read More »

Protectionism mounting despite G20 pledge

AJOT | June 27, 2010 | International Trade

Major trading powers are continuing to impose protectionist measures in defiance of a promise by G20 leaders to keep markets open, according to a report by independent economists. Read More »

G20 to warn against complacency on economy

AJOT | June 27, 2010 | International Trade

The Group of 20 major economies will warn against complacency in tackling the global economic crisis and say that sickly public accounts could hit long-term growth, a draft G20 document shows. Read More »

China sports brands: Fast lane or time to bench?

AJOT | June 27, 2010 | International Trade

China's footballers didn't make it to the World Cup finals, but investors hope the event, and more money in consumers' pockets, will help boost home-grown sports brands such as Anta and Li Ning. Read More »

US panel approves duties on China steel product

AJOT | June 27, 2010 | International Trade

A U.S. trade panel approved steep import duties on Chinese-made steel gratings, despite a protest from Beijing earlier this month. Read More »

Customs Union raises palm oil import duty

AJOT | June 27, 2010 | International Trade

The customs union of Russia, Belarus and Kazakhstan has decided to increase its import tariff on packaged palm oil for nine months from June 21, the union's commission executive body said. Read More »

Aloha Air Cargo appoints Steele as President

AJOT | June 27, 2010 | Air Cargo

Aloha Air Cargo announced today the appointment of Lee Steele as the company's new president. Steele brings more than two decades of experience in the airline industry to Aloha Air Cargo, including a position as a senior vice president at Aloha Airlines. Read More »

Continental Air sees $10 mlllion forex loss in Q2

AJOT | June 27, 2010 | Air Cargo

Continental Airlines said it would take foreign exchange losses of about $10 million in the second quarter from the decline of the euro and the British pound against the U.S. dollar. Read More »

US and Switzerland sign new Air Transport Agreement

AJOT | June 27, 2010 | Air Cargo

In Bern, Switzerland, officials of the United States and Switzerland signed an enhanced Open Skies Air Transport Agreement, replacing the previous agreement signed in 1995. The new agreement entered into force upon signature. Read More »

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