International Trade

U.S. House Republicans push two-month extension for transport projects

Reuters | May 18, 2015 | International Trade

Republicans in the U.S. Congress, unable to reach agreement on a long-term transportation funding bill in time for a May 31 deadline, on Friday introduced legislation for a two-month extension to buy more negotiating time. Read More »

Goldman Sachs cuts crude price forecasts for the next five years

Reuters | May 18, 2015 | Energy | International Trade

Goldman Sachs slashed its crude oil price forecasts for 2016 to 2020, citing improved U.S. shale efficiency meeting global oil demand, coupled with unimpeded OPEC productivity. Read More »

China, India sign more than $22 billion in deals according to the Indian embassy

Reuters | May 18, 2015 | International Trade

China and India signed deals worth more than $22 billion in areas including renewable energy, ports, financing and industrial parks, an Indian embassy official said on Saturday. Read More »

Dubai is the Gateway to the Wider Middle East Region

PR Newswire | May 16, 2015 | International Trade

Jafza highlights the Emirate’s status as the hub to reach the thriving region of 2.5 billion consumers at Invest in Dubai seminar Read More »

Iranian shooting at clear violation of international law

Reuters | May 14, 2015 | International Trade

The Iranian navy’s shooting at a Singapore-flagged tanker in the Gulf on Thursday is a clear violation of international law, Saudi Arabia’s foreign minister said. Read More »

US Senate backs clampdown on currency cheats ahead of key trade vote

Reuters | May 14, 2015 | International Trade

U.S. senators backed tough new rules against currency manipulation ahead of an important test vote that holds the key to completing a Pacific Rim trade deal, the backbone of the Obama administration's pivot to Asia. Read More »

US Senate poised to breathe new life into Obama’s trade agenda

Reuters | May 14, 2015 | International Trade

President Barack Obama's trade agenda, which focuses squarely on developing stronger ties with Asia, gets a shot at new life when the U.S. Senate is set to hold an important test vote on legislation to help him complete a Pacific Rim deal. Read More »

US rejects Canada’s claim that Volcker rule violates NAFTA

Reuters | May 14, 2015 | International Trade

The White House has dismissed the Canadian government's claim that a ban on some proprietary trading on Wall Street violates a free-trade agreement, saying it has the legal right to protect its financial system. Read More »

House’s Pelosi says concerned about “fast-track” bill’s time frame

Reuters | May 14, 2015 | International Trade

U.S. House of Representatives Democratic leader Nancy Pelosi said she had concerns over the duration of a bill in Congress to give President Barack Obama "fast-track" authority to negotiate trade deals. Read More »

US trade bill clears Senate hurdle in boost to Pacific trade pact

Reuters | May 14, 2015 | International Trade

A 12-nation Pacific trade agreement cleared a crucial test in the U.S. Senate on Thursday, giving a resounding thumbs-up to legislation that holds the key to President Barack Obama's diplomatic pivot to Asia. Read More »

US trade setback more diplomatic than economic

Reuters | May 14, 2015 | International Trade

America’s claim to global economic leadership has suffered another blow. After China’s coup in getting 57 countries to join its new Asian infrastructure bank, the United States Senate has delayed a bill that would have given President Barack Obama authority to negotiate a new Pacific trade pact. Read More »

US class action asserts India’s Ranbaxy manipulated FDA rules

Reuters | May 14, 2015 | International Trade

Indian generic drugmaker Ranbaxy Laboratories Ltd has been sued in a district court in the United States for allegedly manipulating U.S. Food and Drug Administration rules for years to keep rival generic drugs out of the market. Read More »

JBS CEO says Brazil close to exporting fresh beef to US

Reuters | May 14, 2015 | International Trade

Brazil is "closer than it had ever been" to exporting fresh beef to the United States, the chief executive of Brazilian meat packer JBS SA said on Thursday, adding that he expects shipments to start later this year. Read More »

Senate vote advances Trade Promotion Authority

AJOT | May 14, 2015 | International Trade

The National Retail Federation issued the following statement from Senior Vice President for Government Relations David French today following the Senate vote advancing consideration of the Bipartisan Congressional Trade Priorities and Accountability Act, which would renew Trade Promotion Authority: Read More »

India to seek end to non-tariff barriers during Modi’s China visit

Reuters | May 14, 2015 | International Trade

India will seek abolition of non-tariff barriers during Prime Minister Narendra Modi’s visit to China next week, officials said, as part of efforts to reduce a widening trade deficit and boost local industry. Read More »

EU to impose duties on imports of electrical steel

Reuters | May 14, 2015 | International Trade

The European Union will impose anti-dumping duties on imports of a grade of electrical steel from China, Japan, Russia, South Korea and the United States. Read More »

ProdecoTech, e-Bike Manufacturer, Now Enjoys Customs Benefits as part of Port Everglades Foreign-Tra

AJOT | May 14, 2015 | International Trade

ProdecoTech, an electronic bicycle manufacturer in Oakland Park, FL, has received federal approval to conduct their production activity as a non-contiguous site within Port Everglades Foreign-Trade Zone No. 25 Read More »

Republican Rubio hits Clinton on trade, ‘negligent’ foreign policy

Reuters | May 13, 2015 | International Trade

Republican presidential candidate Marco Rubio on Wednesday accused Democrat Hillary Clinton of failing to fight for free trade and overseeing a disastrous tenure as secretary of state. Read More »

Wal-Mart challenges Amazon with unlimited shipping service for $50 per year

Reuters | May 13, 2015 | International Trade

Wal-Mart Stores Inc is planning to test a new unlimited online shipping service this summer for $50 per year, a move that may hurt Amazon’s annual $99 Prime shipping service. Read More »

Presidential candidate Rubio vows to use US power to guard economic interests

Reuters | May 13, 2015 | International Trade

Republican presidential candidate Marco Rubio said on Wednesday that the United States must respond aggressively when rivals such as China and Iran take actions that threaten U.S. economic interests. Read More »