International Trade

ASA Welcomes News of Tentative West Coast Ports Labor Deal

AJOT | February 23, 2015 | International Trade

The Pacific Maritime Association (PMA) and International Longshore and Warehouse Union (ILWU) reached a tentative deal on a new contract late Friday that would resume operations at ports along the west coast. Read More »

Congressional delegation meets Cuba’s heir apparent

Reuters | February 23, 2015 | International Trade

Nine members of the U.S. House of Representatives met Cuban Vice President Miguel Diaz-Canel, marking the first time Cuba's heir apparent to power has received an official American delegation. Read More »

Japan Display in talks with Apple to build iPhone screen plant

Reuters | February 23, 2015 | International Trade

Japan Display Inc is considering building a plant to supply smartphone screens for Apple Inc and is negotiating with the U.S. company for investment in the project, a person familiar with the situation said. Read More »

US sugar refiners challenge deal over Mexico imports

Reuters | February 23, 2015 | International Trade

A deal to set limits on sugar imports to the United States from Mexico would squeeze U.S. sugar refiners, refiners said, while sugar growers from both countries said the deal should stand. Read More »

Sikorsky willing to supply VVIP helicopters to India

Reuters | February 23, 2015 | International Trade

Sikorsky Aircraft Corp, a unit of United Technologies Corp, is keen to sell VVIP transport helicopters to the Indian government, a company executive told Reuters. Read More »

EU and Britain ‘sleepwalked’ into Ukraine crisis

Reuters | February 23, 2015 | International Trade

The European Union and Britain "sleepwalked" into the Ukraine crisis, failing to grasp its exceptional nature and lacking the ability to read political shifts in Russia, British lawmakers said in a report. Read More »

US farm lobbies call for action over India, China subsidies

Reuters | February 20, 2015 | International Trade

Big developing countries such as China and India are routinely breaking international trade rules on agriculture and the U.S. government should take action to stop them, representatives of U.S. corn and rice growers said. Read More »

Honda to cut North America output by another 5,000 cars amid port delays

Reuters | February 20, 2015 | International Trade | Ports & Terminals

Honda Motor Co said it would continue to adjust production at two North American car factories from Feb. 24 to March 2 due to a parts shortage caused by disruptions at U.S. West Coast ports in the midst of protracted labour talks. Read More »

Lockheed says international sales could reach 30% of annual revenue

Reuters | February 19, 2015 | International Trade

International sales could eventually account for 30 percent of Lockheed Martin Corp's annual revenue, Chief Executive Officer Marillyn Hewson told Reuters. Read More »

China chocolate market seen growing to $4.3 billion by 2019

Reuters | February 19, 2015 | International Trade

Chocolate sales in China should grow to $4.3 billion by 2019, up nearly 60 percent from $2.7 billion in 2014 and driven by demand from the growing urban population, a senior Hershey officer forecast. Read More »

US lawmaker sees fast-track trade power soon in step towards trade pact

Reuters | February 19, 2015 | International Trade

The chairman of a U.S. congressional committee responsible for trade said he expects passage of legislation to fast-track trade deals soon, a vital step towards a Pacific trade pact covering a large chunk of the global economy. Read More »

Japan’s annual exports jump most since late 2013 in boost to economy

Reuters | February 19, 2015 | International Trade

Japan's annual exports in January jumped the most since late 2013 in an encouraging sign a weak yen is finally boosting the nation's all-important export engine and helping the economy crawl out of recession. Read More »

Germany’s sun king seeks to rebuild empire from the US

Reuters | February 18, 2015 | International Trade

German solar energy pioneer Frank Asbeck is betting that the United States can rehabilitate him and his company SolarWorld, which he rescued from the jaws of insolvency two years ago, making himself an industry outcast in the process. Read More »

As free trade pacts expand, US trade deficit soars. Why add one more?

Reuters | February 18, 2015 | International Trade

President Barack Obama has called on Congress to grant him fast-track trade authority for his Trans-Pacific Partnership free-trade agreement. The administration insists the authority, which would give Congress only an up-or-down vote on the agreement, is needed to get the best possible terms from its trade partners along the Pacific Rim. Read More »

US, Cuba to meet February 27; senators see path for end to embargo

Reuters | February 18, 2015 | International Trade

The United States and Cuba will hold a second round of talks in Washington nest week aimed at restoring diplomatic relations, the State Department said, as U.S. Democratic senators visiting Havana said there may be enough support among Republicans to lift a trade embargo on Cuba. Read More »

Pelosi traveling with lawmakers to Cuba

AJOT | February 18, 2015 | International Trade

U.S. House of Representatives Democratic leader Nancy Pelosi is traveling to Cuba with a delegation of congressional Democrats, Pelosi's office announced. Read More »

Fast Retailing says boosting oversight of garment, textile suppliers

Reuters | February 18, 2015 | International Trade

Uniqlo-owner Fast Retailing Co Ltd said it is strengthening oversight of its garment and textile suppliers, after problems with working conditions were recently found at two suppliers in China. Read More »

After Japan poultry deal, Indonesia sets sights on more Asian buyers

Reuters | February 18, 2015 | International Trade

Indonesian poultry suppliers are weeks away from making their first exports of processed chicken to Japan in a decade, an endorsement of quality that will boost the Southeast Asian nation's push into a regional market dominated by Thailand. Read More »

Lockheed Martin Names Rod Makoske Senior VP, Corporate Engineering, Technology, and Operations

PR Newswire | February 18, 2015 | People | Appointments | International Trade

Lockheed Martin Corporation has appointed Rodney A. Makoske, 51, to senior vice president, Corporate Engineering, Technology, and Operations and a corporate officer, and Dana Jackson, 45, as vice president and chief technology officer Read More »

Istanbul snowstorm grounds planes, shuts Bosphorus shipping lane

Reuters | February 18, 2015 | International Trade

A snowstorm in Istanbul grounded planes, halted traffic and forced the closure of key shipping channel the Bosphorus Strait on Wednesday, Turkish officials said. Read More »