International Trade

Brazil current account deficit narrows in September

Reuters | October 25, 2013 | International Trade

Brazil's current account deficit narrowed in September from the previous month as the foreign trade surplus firmed, but the improvement was more modest than economists expected. Read More »

French customs service withers as Europe borders become “sieve”

Reuters | October 25, 2013 | International Trade

Only four customs officers are left at the airport in the French Riviera resort of Cannes, renowned as a bastion of the Calabrian mafia. There used to be 20. Read More »

Wal-Mart to open up to 110 new China stores by 2016

Reuters | October 24, 2013 | International Trade

Wal-Mart Stores Inc, the world's biggest retailer, is expanding its China business as it seeks to raise profitability in a slowing retail sector. Read More »

Powerful mix of public/private sector speakers at CONECT Cargo Symposium

AJOT | October 24, 2013 | International Trade | Transport Intermediaries

It’s unlikely that a regional non-profit trade association could assemble a powerful mix of high ranking public and private sector trade & transportation experts to address an audience of constituents, but that is exactly what the Coalition of New England Companies for Trade (CONECT) has done. CONECT’s 12th Annual Northeast Cargo Symposium (NECS) is Thursday, November 7 at the Boston Marriott Newton, where ten experts in international trade compliance and global transportation will speak on critical industry issues. Read More »

Ford boosts outlook after third-quarter profit beats estimates

Reuters | October 24, 2013 | International Trade

Ford Motor Co boosted its full-year global profit outlook, as its European picture brightened and stronger overseas operations sparked better-than-expected third-quarter results. Read More »

Xylem goes live with export on-demand solution

Reuters | October 23, 2013 | International Trade

Amber Road, a leading provider of global trade management (GTM) solutions, announced that a leading global water technology company Xylem Inc., implemented its Export On-Demand solution to automate all aspects of export compliance for 300 worldwide users across 150 countries. Read More »

Brazil gives some exporters more time to settle FX contracts

Reuters | October 23, 2013 | International Trade

Brazilian exporters facing financial problems will be given more time to settle their foreign exchange contracts, the central bank said, adding that the change will have no impact on the currency market. Read More »

TT Club sees Latin American trade growth creating infrastructure challenges

AJOT | October 23, 2013 | International Trade | Transport Intermediaries

While the growth rates of national economies in Latin America have slowed in recent years, the two largest economies, Brazil and Mexico are still forecast to increase by over 3% annually, while significant growth is predicted in Colombia (4.7%), Chile (5.1%) and Peru (6.3%). This growth is one of four factors identified by freight transport insurance specialist TT Club in its current country-by-country market analysis of the region, Transport and Logistics Market Opportunities. Read More »

China’s new free trade zone will not allow LME warehouses

Reuters | October 23, 2013 | Intermodal | International Trade

China will retain a ban on overseas commodity exchanges setting up warehouses there, a government source said, dashing expectations for London Metal Exchange warehouses in the newly launched Shanghai free trade zone. Read More »

Oman Business Road Show to visit Houston, Texas

PR Newswire | October 23, 2013 | International Trade

Road Show Will Highlight Oman's Role as Gateway to Fast Growing $92 Billion Gulf Market Read More »

America’s Greatest Hope for Economic Recovery Threatened by U.S. Policy, According to Boron Capital

PR Newswire | October 23, 2013 | International Trade

America has surpassed projections of becoming the world leader in oil production by 2020, by being reported to be the world's largest total supplier of oil liquids in 2013, exceeding both Russia and Saudi Arabia. According to the 2013 Energy Outlook by British Giant BP, the U.S. should be nearly self-sufficient by 2030. Read More »

Global carmakers need to look beyond ‘BRICs’

Reuters | October 22, 2013 | International Trade

Global automakers must look beyond China, India, Russia and Brazil to other clusters of emerging countries if they want to get their share of growth worldwide, a consulting firm said. Read More »

Diebold settles US bribery charges for $48 million

AJOT | October 22, 2013 | International Trade

Diebold Inc, the largest U.S. provider of automated teller machines, will pay roughly $48.1 million to settle U.S. criminal and civil charges that it bribed bank officials in China and Indonesia and paid bribes in Russia to win business. Read More »

Canada’s ACI eManifest 
postponed again

AJOT | October 22, 2013 | International Trade | Transport Intermediaries

The mandatory phase of Canada Border Services Agency’s (CBSA) Advance Commercial Information (ACI) eManifest program has been postponed and will not be implemented this fall. Read More »

EU states back biodiesel duties on Argentina, Indonesia

PR Newswire | October 22, 2013 | International Trade

European Union member states agreed to impose punitive duties on imports of biodiesel from Argentina and Indonesia, which are accused of selling it into the bloc at unfairly low prices, according to diplomats. Read More »

Harper Government supports economic growth in Morocco

PR Newswire | October 21, 2013 | International Trade

Agriculture and Agri-Food Minister, the Honourable Gerry Ritz, announced today, on behalf of the Honourable Christian Paradis, Minister of International Development and Minister for La Francophonie, the Harper Government's support for stimulating sustainable economic growth in Morocco's agricultural sector. Minister Ritz recognized the Canadian International Grains Institute for their role in the new project, which will provide customized training programs and specialized technical support to Moroccans. Read More »

Hollywood must think bigger about China, says producer Yang

Reuters | October 21, 2013 | International Trade

With a few exceptions, Hollywood studios are moving far more slowly than Chinese companies in the world's second-largest movie market, said U.S. producer Janet Yang, whose works include "The Joy Luck Club" and "Shanghai Calling". Read More »

Sharp Japan export slowdown dents ‘Abenomics’, flags Asia weakness

Reuters | October 21, 2013 | International Trade

Japan's export growth fell well short of expectations in September as the country posted a record run of trade deficits, a sign that slowing demand in Asia is taking the shine off Prime Minister Shinzo Abe's stimulus policies. Read More »

Bangladesh poised to hike garment wages, but may not end strikes

Reuters | October 21, 2013 | International Trade

Bangladesh's garment factory owners are penciling in a minimum wage increase of about 50 to 80 percent and will ask retailers to pay more to defray the cost, as the government tries to end a wave of strikes that hit nearly a fifth of workshops last month. Read More »

Gabon launches WTO talks to rebalance import tariffs

Reuters | October 21, 2013 | International Trade

Gabon launched six months of WTO negotiations to rebalance its trade rules, offering to cut thousands of import tariff ceilings in return for being allowed to keep thousands more above previously agreed limits. Read More »