International Trade

GPA adds cargo, customers in FY2013

Bob Kirk | September 12, 2013 | International Trade

In his State of the Port address, Georgia Ports Authority Executive Director Curtis Foltz reported record cargo volumes, an influx of new business, and more than 1 million square feet of distribution center space leased or developed. Read More »

New US meat label rule survives challenge by meat packers

Reuters | September 12, 2013 | International Trade

A U.S. district judge refused to stop the government from requiring labels on packages of beef, pork, poultry and lamb sold in U.S. stores to include more specific information about the meat's country of origin. Read More »

Smithfield says proxy firm ISS recommends deal with Shuanghui

Reuters | September 12, 2013 | International Trade

Smithfield Foods Inc said an independent proxy advisory firm recommended that shareholders vote for the pork producer's $4.7 billion sale to China's Shuanghui International Holdings Ltd, citing the high offer price. Read More »

Retailers discuss compensation for Bangladesh factory disasters

Reuters | September 12, 2013 | International Trade

A dozen retailers and clothing brands are meeting in Geneva to discuss providing compensation to the victims of the Rana Plaza and Tazreen factory disasters in Bangladesh, although several companies were noticeable by their absence. Read More »

Shanghai noses ahead in China’s free trade zone race

Reuters | September 12, 2013 | International Trade

Shanghai is pulling away as the clear winner in the race to set up free trade zones in mainland China, casting a cloud over the future of other areas such as Qianhai that were clear favorites before and had the blessings of top government officials. Read More »

VW drives overseas expansion as Europe hurts

Reuters | September 11, 2013 | International Trade

Volkswagen is taking further steps to beef up its overseas operations as the German carmaker increasingly feels the pinch of slumping demand in ailing European markets. Read More »

VistaJet CEO takes aim at US before China push

Reuters | September 11, 2013 | International Trade

Private jet operator VistaJet will take on its Warren Buffet-owned rival in the United States next year before turning attention to the Chinese market, the company's founder and chairman Thomas Flohr said. Read More »

US VW execs ‘forced’ by German boss to sign UAW letter

Reuters | September 11, 2013 | International Trade

U.S. executives at Volkswagen AG's plant in Tennessee were "forced" by a German board member to sign a letter disclosing the United Auto Workers' efforts to organize the factory, a move that created distress within the company, U.S. Senator Bob Corker said. Read More »

In world’s biggest market, “cheap” iPhone looks too pricey

Reuters | September 11, 2013 | International Trade

The world's biggest public company and the world's biggest country are at loggerheads over the price of a phone. Read More »

Russia, unhappy with Moldova’s EU drive, bans its wine and spirits

Reuters | September 11, 2013 | International Trade

Russia announced a ban on imports of Moldovan wines and spirits, saying they contained impurities, a move certain to be seen in the small ex-Soviet republic as retaliation for its drive to expand ties with the European Union. Read More »

EU rejects Russian pressure on Ukraine, seeks trade ties

Reuters | September 11, 2013 | International Trade

The European Union rejected Russian pressure to deter Ukraine and other former Soviet republics from deepening trade ties with Europe, saying any kind of retaliation was unacceptable. Read More »

Shanghai may offer corporate tax benefits in free trade zone

Reuters | September 11, 2013 | International Trade

Shanghai may offer tax advantages to companies who operate in its free trade zone (FTZ) the official Shanghai Securities News reported, as leaks of potential reforms and industrial policies in the zone fan stock market speculation. Read More »

Europe buoys McDonald’s in August, but worries linger

Reuters | September 10, 2013 | International Trade

McDonald's Corp reported a bigger-than-expected 1.9 percent increase in global sales at established restaurants in August, after a revival in France helped drive solid results in Europe, its top market. Read More »

Apple expected to unveil iPhone to drive emerging market sales

Reuters | September 10, 2013 | International Trade

Apple Inc is expected to introduce a cheaper version of the iPhone, bringing one of the industry's costliest smartphones within reach of the masses in poorer emerging markets. Read More »

Killing the goose: Why Indian exports need more than a cheap rupee

Reuters | September 10, 2013 | International Trade

The upside of the Indian rupee's slump is an export boom that sets the economy straight, right? Wrong. Prime Minister Manmohan Singh echoed classical economic theory when he told parliament last month that the plunging rupee, which has lost 18 percent against the dollar since selling pressure picked up in May, would spur exports and discourage imports. Read More »

WTO cuts 2013 world trade forecast to 2.5%

Reuters | September 09, 2013 | International Trade

World trade is expected to grow by 2.5 percent this year and 4.5 percent in 2014, the World Trade Organisation's new chief, Roberto Azevedo, said, revising down previous estimates of 3.3 percent and 5 percent. Read More »

Export of hardwood logs to China gets OK as trade ban lifted

AJOT | September 09, 2013 | International Trade

The Port of Virginia will benefit from the reestablishment of American hardwood log exports to China as that country recently lifted its trade ban on the raw material. Read More »

Medvedev warns Ukraine over joining EU trade bloc

Reuters | September 09, 2013 | International Trade

Russian Prime Minister Dmitry Medvedev stepped up pressure on Ukraine to back down on plans to join an EU trade bloc, warning that Kiev would be barred from a customs union of former Soviet states if it signs an agreement with Europe. Read More »

Italy’s jewelry sector bets on exports to counter home weakness

Reuters | September 09, 2013 | International Trade

Export-focused Italian jewelers are seeing sporadic signs of recovery in key foreign sales, offsetting deep-rooted weak demand at home, industry officials at a major trade fair said. Read More »

India’s exports post double digit growth in August

Reuters | September 09, 2013 | International Trade

India's merchandise exports posted double-digit growth in the month of August, while imports were "contained", Trade Secretary S. R. Rao said, offering some respite for the troubled rupee currency. Read More »