International Trade

Obama, Rousseff turn page on spy spat, work on trade, travel

AJOT | June 30, 2015 | International Trade

President Barack Obama and Brazilian President Dilma Rousseff used a White House visit to turn the page on a spying scandal that had damaged bilateral relations and said they want to work to bolster economic ties. Read More »

Obama signs trade bills into law, says tough battle still ahead

AJOT | June 30, 2015 | International Trade

U.S. President Barack Obama signed into law legislation that gives him "fast-track" power to push ahead on a Pacific Rim trade deal that has been the subject of intense debate in Congress and across the nation. Read More »

USDA takes first step to import fresh beef from Brazil, Argentina

AJOT | June 30, 2015 | International Trade

Fresh beef from Brazil and Argentina will be allowed into the United States under amended regulations that specify conditions to mitigate risk of foot-and-mouth disease (FMD), the U.S. Department of Agriculture's Animal and Plant Health Inspection Service (APHIS) said. Read More »

South African competition watchdog fines Japanese shipping firm

Reuters | June 30, 2015 | International Trade

South Africa’s competition watchdog has recommended Japanese shipping firm Nippon Yusen Kabushiki Kaisha Ltd (NYK) pay a 104 million rand ($8.5 million) penalty for price-fixing and collusion in the transport of cars. Read More »

‘Nein Danke’ - smaller German firms see US trade deal as threat

AJOT | June 29, 2015 | International Trade

Martina Roemmelt-Fella, who owns a small, family-run turbine manufacturer in Bavaria, should be a cheerleader for a trade deal between Europe and the United States that promises to ease the flow of goods and services across the Atlantic. Read More »

China-backed multilateral bank to take concrete shape this week

AJOT | June 29, 2015 | International Trade

One of China's biggest ever foreign policy successes will take concrete shape when delegates from 57 countries sign an agreement on the Asian Infrastructure Investment Bank (AIIB) in Beijing. Read More »

China to hold some veto powers in new Asian bank

AJOT | June 29, 2015 | International Trade

China will hold over a quarter of the votes in the new Asian Infrastructure Investment Bank (AIIB), its finance ministry said, giving it a veto in some key decisions despite Beijing insisting it will not have such powers. Read More »

Indonesia to be eighth-largest AIIB shareholder with $672 million stake

AJOT | June 29, 2015 | International Trade

Indonesia will sign up as a founding member of the China-backed Asian Infrastructure Investment Bank (AIIB) with an investment of $672.1 million paid over five years, the Finance Ministry said in a statement. Read More »

Juncker says EU pressed Greece to raise tax on ship owners

Reuters | June 29, 2015 | International Trade

European Commission President Jean-Claude Juncker said on Monday he had sought to get Greece to raise more tax from its shipping magnates as part of a cash-for-reform deal that the Athens government has rejected. Read More »

Brazil’s Petrobras slashes 5-year spending plan by 41%to $130.3 billion

Reuters | June 29, 2015 | Energy | International Trade

Brazil’s state-run oil company Petrobras slashed its long-term spending plan to the lowest level in eight years on Monday as new management moved to reduce the industry’s largest debt burden and pull the company out of a giant corruption scandal. Read More »

CBP officers in Tampa seize counterfeit Legos from China

AJOT | June 29, 2015 | International Trade

U.S. Customs and Border Protection (CBP) officers in Tampa seized a shipment of counterfeit toys with a Manufacturer’s Suggested Retail Price (MSRP) of more than $9,000. Read More »

California small business exports forklifts to Brazil supported by EXIM-guaranteed buyer financing

AJOT Administrator | June 29, 2015 | International Trade

Wiggins Lift Co. Inc., a small-business manufacturer in Oxnard, Calif., is exporting its forklifts to marinas in Brazil with the support of medium-term buyer financing being guaranteed by the Export-Import Bank of the United States (EXIM Bank) from Northstar Trade Finance Inc. in Vancouver, British Columbia. Read More »

Commodity Prices Rally Again in May: Scotiabank’s Patricia Mohr

Marketwired | June 29, 2015 | International Trade

Commodity Prices Rally Again in May: Scotiabank's Patricia Mohr Read More »

CAGTC applauds Senate “National Multimodal Freight Policy and Investment Act”

AJOT | June 29, 2015 | International Trade

Senators Cantwell, Booker, Murray and Markey Introduce S.1680 to Support Multimodal Goods Movement Read More »

Chief Lagarde says disappointed over inconclusive talks with Greece

Reuters | June 28, 2015 | International Trade

The head of the International Monetary Fund said Sunday she is disappointed in the stalemate over talks to prevent Greece from defaulting on its IMF debt, but said the euro area is in a “strong position” to respond effectively to developments. Read More »

Greece’s creditors propose targeting shipping sector

Reuters | June 26, 2015 | International Trade

Under the latest proposals made by Greece’s creditors, the country’s shipping companies face paying a higher tonnage tax and a phasing-out of special tax allowances which they have enjoyed, according to documents seen by Reuters. Read More »

Congress Passes Final Legislation to Renew GSP

AJOT | June 26, 2015 | International Trade

GSP renewal legislation has finally passed in both the House and the Senate. The legislation will now go to the President for his signature. Read More »

US Congress victory moves Obama’s Pacific trade pact forward

AJOT | June 25, 2015 | International Trade

Legislation vital to securing the largest U.S. trade deal in decades was passed by the Senate by a comfortable margin, advancing President Barack Obama's efforts to strengthen U.S. economic ties around the Pacific Rim. Read More »

US and China to cooperate to end ‘massacre’ of wildlife

AJOT | June 25, 2015 | International Trade

U.S. and Chinese officials agreed during high-level talks in Washington to work together to end the "massacre" of wildlife and reduce the flow of illegal wildlife trafficking, a senior U.S. official said. Read More »

US, China stress positives, but fail to narrow differences

AJOT | June 25, 2015 | International Trade

The United States and China sought on Wednesday to stress the positives in their relationship after three days of high-level talks, but failed to narrow differences on the most contentious issues of cyber and maritime security. Read More »