International Trade

From war-torn to oil-rich: Middle East and North Africa is a region of logistics contradictions

PR Newswire | March 17, 2014 | International Trade

It is all too obvious to state that Middle East and North Africa is one of the most difficult regions to assess in terms of logistics investment and services. Huge differences exist between rapidly growing markets serving a global customer base on the one-hand and countries torn apart by war on the other. Generalisations are impossible. Read More »

EU struggles to convince U.S. to export gas under trade pact

Reuters | March 16, 2014 | International Trade

The European Union has yet to convince Washington to commit to exporting U.S. gas under a transatlantic trade deal despite two days of talks on the issue, highlighting the challenges Europe faces to reduce its reliance on Russian energy. Read More »

South Korea can’t join Pacific trade talks until US issues fixed

Reuters | March 14, 2014 | International Trade

South Korea will not be welcomed into a planned Pacific free-trade pact until all problems are resolved in carrying out an existing trade deal with the United States, a senior U.S. official said. Read More »

Western banks cold-shoulder Iran trade finance scheme

Reuters | March 14, 2014 | International Trade

Despite a diplomatic thaw, Western banks are steering clear of attempts by Iran to get them involved in financing humanitarian transactions, fearing they could be penalized under U.S. sanctions, bankers and government officials told Reuters. Read More »

GE partner IHI and Rolls Royce ally MHI discuss jet engine parts alliance

Reuters | March 14, 2014 | International Trade

IHI Corp., General Electric's jet engine partner in Japan, may tie up aircraft engine part production with Mitsubishi Heavy Industries Ltd 0711.T which is more closely aligned with GE's competitors. Read More »

Toshiba, SanDisk sue Hynix over suspected flash memory technology leak

Reuters | March 14, 2014 | International Trade

Partners Toshiba Corp of Japan and SanDisk Corp of the United States separately filed civil lawsuits against South Korea's SK Hynix Inc, seeking damages over the suspected theft of data related to their flagship flash memory chip technology used in smartphones and tablet computers. Read More »

Japan February exports seen accelerating; trade gap to narrow

Reuters | March 14, 2014 | International Trade

Japan's export growth is forecast to have accelerated in February as shipments recovered from a Lunar New Year slowdown, which along with slower import growth is expected see the trade deficit narrow from record levels, a Reuters poll shows. Read More »

Japan, US make ‘bit of progress’ in trade talks

Reuters | March 13, 2014 | International Trade

The United States and Japan made some progress on resolving a deadlock over tariffs on farm and industrial exports which is dragging on a wider Pacific trade deal, a senior Japanese official said Read More »

EU, US to commit to remove all duties on bilateral trade

Reuters | March 13, 2014 | International Trade

U.S. President Barack Obama and European Union leaders will promise to remove all tariffs on bilateral trade at their summit on March 26, an ambitious step towards the world's largest free-trade deal, according to a draft statement seen by Reuters. Read More »

Boeing in talks with India airlines on 737 MAX jet

Reuters | March 13, 2014 | International Trade

Boeing Co is in talks with Indian airlines Jet Airways and Air India about the sale of its 737 MAX jets, a Boeing executive told Reuters on Thursday, as the aircraft manufacturer raised its forecast for demand in India. Read More »

FDA bans imports from Sun Pharma plant in India crackdown

Reuters | March 13, 2014 | International Trade

The U.S. Food and Drug Administration (FDA) has banned imports from Indian generic drugmaker Sun Pharmaceutical Industries Ltd's plant at Karkhadi in the western state of Gujarat, in the latest quality blow for India's drug sector. Read More »

India’s Dr. Reddy’s recalls some lots of heartburn drug in US

Reuters | March 13, 2014 | International Trade

Indian generic drugmaker Dr. Reddy's Laboratories Ltd is recalling about 58,656 bottles of the heartburn drug lansoprazole in the United States due to a microbial contamination, the U.S. Food and Drug Administration said. Read More »

EU, U.S. to commit to remove all duties on transatlantic trade (2)

Reuters | March 13, 2014 | International Trade

U.S. President Barack Obama and European Union leaders will promise to remove all tariffs on bilateral trade at a summit on March 26, an ambitious step towards the world’s largest free-trade deal, according to a draft statement seen by Reuters. Read More »

Canadian Courier & Logistics Association (CCLA) applauds Free Trade Agreement with South Korea

PR Newswire | March 13, 2014 | International Trade | Transport Intermediaries

TORONTO, March 13, 2014 /CNW/ - The Canadian Courier & Logistics Association (CCLA) applauds the announcement by Prime Minister Stephen Harper and South Korean President Park Geun-hye of the Canada-Korea Free Trade Agreement (FTA).

Read More »

EU, U.S. to commit to remove all duties on bilateral trade

Reuters | March 13, 2014 | International Trade

U.S. President Barack Obama and European Union leaders will promise to remove all tariffs on bilateral trade at their summit on March 26, an ambitious step towards the world’s largest free-trade deal, according to a draft statement seen by Reuters. Read More »

Brazilian sugar mills begin cane crushing early

Reuters | March 13, 2014 | International Trade

Brazilian sugar cane mills struggling with growing debts have begun the April-March cane crushing season early, as they try to generate cash flow and take advantage of attractive domestic ethanol prices, cane industry association Unica said Thursday. (end of article) Read More »

Gazprom says Russian gas flows to Europe via Ukraine unaffected

Reuters | March 13, 2014 | International Trade

Russian gas exports to Europe through Ukraine have not been affected by political turmoil in Kiev and were stable on Thursday, said a spokesman for state-controlled gas producer Gazprom. Read More »

China banks cut loans to bloated industries by up to 20 pct

Reuters | March 13, 2014 | International Trade

Growing jitters about the financial health of bloated industries in China have prompted many banks to cut lending in these sectors by as much as 20 percent, banking and industry sources with knowledge of the matter said. Read More »

Europe’s fear of US hormone meat, GM food sows divide in trade talks

Reuters | March 12, 2014 | International Trade

Europe's reluctance to buy hormone meat or genetically modified food from the United States has exposed an "enormous gulf" that threatens the world's biggest trade pact, industry and labour groups told EU and U.S. negotiators. Read More »

South Korea trade deal draws fire from Canadian auto sector

Reuters | March 12, 2014 | International Trade

A new free trade agreement with South Korea will throw a wrench into Canada's auto sector recovery, union leaders and an automaker warned, highlighting the pressure on an industry already struggling with competition from Mexico. Read More »