International Trade

Boeing ups jet demand forecast; no hurry on 757 successor

Reuters | June 11, 2015 | International Trade

Boeing Co boosted its 20-year forecast for aircraft demand by 3.5 percent, predicting two out of every five new jets will feed Asia's booming travel market. Read More »

US FDA testing Nestle’s Maggi noodles after India recall

Reuters | June 11, 2015 | International Trade

The U.S. Food and Drug Administration (FDA) is testing samples of a Nestle instant noodle brand that was recalled from stores across India last week, a spokeswoman for the Swiss food group said. Read More »

New reports examine where traded goods start, flow, and go in the US

AJOT | June 11, 2015 | International Trade

The Brookings Metropolitan Policy Program will release twin reports examining the volume of goods flowing through U.S. ports and across the nation by truck, train, boat, plane, and pipeline. The reports explore how metropolitan areas drive the flow of goods domestically and internationally, with significant implications for national, regional, and local infrastructure policy. Read More »

Europe tries to compete with China’s influence in Latin America

Reuters | June 11, 2015 | International Trade

Unable to match China's offer of $250 billion in investment in Latin America, the EU sought ways to avoid being marginalized in the region, offering new trade deals, visa-free travel and deeper ties. Read More »

Mega African trade bloc paves way for continental commerce

Reuters | June 11, 2015 | International Trade

A $1.2 trillion free-trade area stretching across 26 African countries from Cape Town to Cairo is a stepping stone to uniting the poorest continent as one commercial bloc within the next two years, Africa's top trade official said. Read More »

Senegal seizes illegal elephant hair jewelry

Reuters | June 11, 2015 | International Trade

Investigators found more than 450 items including bangles, rings and bundles of hair worth around $65,000 during a raid last week and detained eight people involved, according to Eco Activists for Governance and Law Enforcement (EAGLE). Read More »

Japan growth strategy sets sights on shift to IT, economists sceptical

Reuters | June 11, 2015 | International Trade

Japan aims to encourage its companies to focus more on cutting-edge information technology such as artificial intelligence, but analysts doubt the latest draft of the government's growth strategy will be substantive enough to revitalise the economy. Read More »

India scraps import duties on AIDS drugs to battle shortage

Reuters | June 11, 2015 | International Trade

India has scrapped customs import duties for drugs and test kits used to treat AIDS in an effort to cut prices across the country, as it struggles to cope with an ongoing shortage in its national program to fight the disease. Read More »

Asia-Europe trades to remain sluggish, TOC Europe learns

AJOT | June 11, 2015 | International Trade

While global container growth shows signs of recovery, Asia-Europe trades will likely be behind the pack, the Container Supply Chain conference at TOC Europe hears Read More »

ASA lauds house passage of COOL repeal

AJOT | June 11, 2015 | International Trade

With a vote late Wednesday night, the House of Representatives passed a bill to repeal the country of origin labeling standards for meat products sold in the United States. Read More »

Ecom, sugar rival join forces as industry woes deepen

Reuters | June 10, 2015 | International Trade

Global agricultural merchant Ecom Agroindustrial Corp and its smaller U.S. rival V&A Commodity Traders Inc have joined forces to create a medium-sized sugar merchant, the latest deal to transform the struggling sweetener market. Read More »

US House lawmakers overcome hurdle on key trade bill

Reuters | June 10, 2015 | International Trade

U.S. lawmakers said they have reached a deal on funding to help workers who lose their jobs due to trade, possibly clearing the way for a vote on legislation key to President Barack Obama's signature Pacific trade pact. Read More »

Robots could restore “Made in Germany” label to Adidas shoes

Reuters | June 10, 2015 | International Trade

German cobbler Adi Dassler revolutionised running when he started hammering spikes into track shoes almost a century ago. Today most of the 258 million pairs of shoes produced each year by his firm Adidas are made in low-cost Asia. Read More »

African textile exports may reach $4 billion under US trade deal

Reuters | June 10, 2015 | International Trade

Africa's textile and apparel exports to the United States could quadruple to $4 billion over the next decade through an extended duty-free trade treaty, a U.S. official said. Read More »

TOC Europe hears next wave of giant container ships already being planned

AJOT | June 10, 2015 | International Trade

Container vessels of 20,000+ TEU might not be far away, the Container Supply Chain conference at TOC Europe is told Read More »

Cuba suspends US chicken imports over bird flu

Reuters | June 09, 2015 | International Trade

Cuba has suspended imports of U.S. chicken citing a bird flu epidemic ravaging the U.S. poultry industry, U.S. traders told Reuters. Read More »

Nissan Mexico to spend $7.2 billion on auto parts in 2016

Reuters | June 09, 2015 | International Trade

Nissan Motor Co, the biggest car producer in Mexico, plans to make purchases worth $7.2 billion among automotive parts suppliers there in 2016, a company executive said. Read More »

Germany to be fourth-biggest shareholder in AIIB

Reuters | June 09, 2015 | International Trade

Germany plans to take a 4.1 percent stake in the new China-led Asian Infrastructure Investment Bank (AIIB), making it the fourth-biggest member, according to a finance ministry draft document seen by Reuters. Read More »

UK trade deficit narrows as China, US. exports increase

AJOT | June 09, 2015 | International Trade

Britain’s trade deficit narrowed more than economists forecast in April, helped by exports to China, Saudi Arabia and the U.S. Read More »

AICM Announces Domestic Container Manufacturing Agreement with Navistar

AJOT | June 09, 2015 | International Trade

Agreement provides AICM a foothold into the growing 53-foot North American intermodal container marketplace Read More »