International Trade

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 »

First Reserve to Acquire TNT Crane & Rigging, Inc. from Odyssey Investment Partners

PR Newswire | October 21, 2013 | International Trade

First Reserve, the largest global private equity firm exclusively focused on energy, today announced that First Reserve Fund XII, in partnership with the existing management team, has agreed to acquire TNT Crane & Rigging, Inc. ("TNT") from Odyssey Investment Partners ("Odyssey"). Read More »

Free trade agreement with Europe

PR Newswire | October 18, 2013 | International Trade

The Canadian aluminum industry applauds . The stage is set: Quebec must now ensure success! Read More »

Obama, Italy’s Letta compare notes on budget woes

Reuters | October 18, 2013 | International Trade

President Barack Obama and Italian Prime Minister Enrico Letta congratulated each other for surviving extended budget crises and pledged to work together to advance U.S.-EU trade talks and address security issues. Read More »

India probe into Wal-Mart investment moves to RBI

Reuters | October 18, 2013 | International Trade

An investigation by the government into whether Wal-Mart Stores Inc violated local investment rules in 2010 has been referred to the Reserve Bank of India (RBI), officials familiar with the matter said. Read More »

GM aids Opel by booking Russian profits at loss-making unit

Reuters | October 18, 2013 | International Trade

General Motors has decided to put its Russian operations back under the control of its European wing - a victory for GM Europe's new president and a signal of support for a workforce that has endured massive job cuts in the hunt for profitability. Read More »

Argentina ready to take EU to WTO in biodiesel row

Reuters | October 18, 2013 | International Trade

Argentina is preparing to take the European Union to the World Trade Organisation to challenge punitive duties on its biodiesel exports, two people familiar with the matter said. Read More »