International Trade

U.S. sets final dumping duties on transport containers from China

Reuters | April 13, 2015 | International Trade

The U.S. Commerce Department on Monday said it set final dumping duties on imports of rail and road transport containers from China after finding the goods were sold below cost in the United States. Read More »

Obama meets Venezuela’s Maduro at time of high tensions

AJOT | April 13, 2015 | International Trade

U.S. President Barack Obama met Venezuelan President Nicolas Maduro privately at a regional summit on Saturday and tried to ease tensions that surged after the United States recently placed sanctions on Venezuela. Read More »

China says U.S. backs its campaign to hunt down “economic fugitives”

AJOT | April 13, 2015 | International Trade

The United States has promised support for China's campaign to hunt corrupt officials fleeing abroad, the official Xinhua news agency reported late Friday, after meetings between security officials from the world's two largest economies. Read More »

History now made, U.S. and Cuba face bumpy road ahead

AJOT | April 13, 2015 | International Trade

Cuba and the United States just made history. Now comes the hard part. Read More »

Japan, U.S. aim for Pacific trade pact progress before summit

AJOT | April 13, 2015 | International Trade

Japanese and U.S. officials will meet from Wednesday in a bid to strike a two-way deal giving momentum to a pan-Pacific free-trade pact, the 12-nation Trans-Pacific Partnership (TPP), ahead of a leaders' summit late this month. Read More »

Time running out on Greek debt talks, says top EU official

AJOT | April 13, 2015 | International Trade

Greece is not moving fast enough to draw up and implement structural reforms and there is limited time to prevent it running out of cash, European Commission Vice President Valdis Dombrovskis said on Monday. Read More »

Japan aluminium stocks rise for 12th month, hit record

Reuters | April 13, 2015 | International Trade

Aluminium stocks held at three major Japanese ports climbed for a 12th month to hit a record high at the end of March due to high level of imports and slow housing sector demand. Read More »

Australia’s McAleese seeks trade halt as Atlas mine closures hit contractors

Reuters | April 12, 2015 | International Trade

Australia’s McAleese Ltd , a mining and minerals haulage group, has asked that its shares be suspended as it weighs the impact of lost work from Atlas Iron Ltd which plans to progressively suspend mining due to a plunge in iron ore prices. Read More »

Venezuela curbs cocoa exports, irking Japanese, Swiss chocolatiers

Reuters | April 12, 2015 | International Trade

Venezuela’s flavorful cocoa, coveted centuries ago by pirates and now a darling of specialty producers, will not be enriching foreign chocolate bars any time soon. Read More »

China’s first-quarter economic growth seen at six-year low of 7%

AJOT Administrator | April 10, 2015 | International Trade

China's economy probably cooled further to grow 7 percent in the first three months of the year, a Reuters poll showed, which would be the weakest pace in six years and raise pressure on policymakers to do more to bolster growth. Read More »

Refineries revolution to spur use of oil products supertankers

Reuters | April 09, 2015 | Energy | Maritime | International Trade

The rapid growth of mega refineries is prompting a new class of oil products supertankers, mirroring an earlier revolution in crude oil shipping, as traders look for scale that was previously not economically viable. Read More »

Genco Shipping & Trading To Acquire Baltic Trading

PR Newswire | April 08, 2015 | International Trade

Genco Shipping & Trading Limited ("Genco") (OTCBB: GSKNF) and its subsidiary Baltic Trading Limited (NYSE: BALT) ("Baltic Trading") today announced that they have entered into a definitive merger agreement under which Genco will acquire Baltic Trading in a stock-for-stock transaction. Read More »

EU re-imposes sanctions on Iranian bank, 32 shipping firms

Reuters | April 08, 2015 | International Trade

The European Union re-imposed sanctions on an Iranian bank and 32 Iranian shipping companies on Wednesday, using new legal grounds, after the measures were struck down by a European court. Read More »

U.S. closing in on recommendation to remove Cuba from state terrorism list

Reuters | April 07, 2015 | International Trade

The U.S. State Department is closing in on a decision to recommend removal of Cuba from its list of countries accused of sponsoring terrorism, days before President Barack Obama attends a regional summit with his Cuban counterpart Raul Castro. Read More »

Cuba says US companies won’t get preferential treatment

Reuters | April 07, 2015 | International Trade

U.S. companies can expect the same treatment as those from the rest of the world, receiving neither special benefits nor punishment, if there is a further commercial opening between Cuba and the United States, Cuba's foreign trade minister said. Read More »

Turkey, Iran agree on trade but steer clear of Yemen disagreements

Reuters | April 07, 2015 | International Trade

Turkish President Tayyip Erdogan and Iranian counterpart Hassan Rouhani agreed to boost trade and signed a slew of deals at a meeting, but steered clear of directly addressing differences over conflict-ridden Yemen. Read More »

Bangladesh exports up 7% on garment sales

Reuters | April 07, 2015 | International Trade

Bangladesh's exports rose 7.4 percent in March from a year earlier to $2.59 billion, increasing for a fifth straight month, driven by stronger sales of ready-made garments, official data showed. Read More »

US defense chief says influence at risk without Asia trade pact

Reuters | April 06, 2015 | International Trade

U.S. Secretary of Defense Ash Carter threw his weight behind the Obama administration's bid to clear the way for a pan-Pacific trade pact, arguing that time was running out and that without a deal, U.S. influence and Asia-Pacific stability were at risk. Read More »

China Premier Li calls for ‘quality’ equipment exports

Reuters | April 06, 2015 | International Trade

Chinese manufacturers should shift the focus to quality from quantity in equipment exports and expand joint production overseas, to boost efficiency in the slowing economy, said a report carried on a government site citing Premier Li Keqiang. Read More »

US trade deficit lowest since 2009, ports dispute likely a factor

Reuters | April 04, 2015 | International Trade

The U.S. trade deficit in February fell sharply to its lowest level since 2009, likely as a labor dispute at one of the country's main ports depressed both imports and exports. Read More »