International Trade

Goodyear to shut down UK manufacturing plant, cut 360-390 jobs

Reuters | June 25, 2015 | International Trade

Goodyear Tire & Rubber Co, the largest tire maker in the United States, said it would shut down its Wolverhampton, England manufacturing plant and transfer production to Europe, the Middle East and Africa (EMEA) to cut costs. Read More »

Retailers call Senate passage of TPA ‘landmark step toward tearing down trade barriers’

Reuters | June 24, 2015 | International Trade

The National Retail Federation issued the following statement from President and CEO Matthew Shay on Senate passage of Trade Promotion Authority: Read More »

US firms fear financing drought as deadline looms for trade bank

AJOT | June 24, 2015 | International Trade

A battle in Congress that could shut down the U.S. Export-Import (Ex-Im) Bank next week is already causing headaches for small exporters as they try to stop customers from defecting to foreign competitors and as export financing starts to freeze up. Read More »

Senate pushes Obama’s Pacific Rim trade pact forward

AJOT | June 24, 2015 | International Trade

President Barack Obama's call for "fast-track" trade negotiating authority to help him strike a Pacific Rim deal cleared a key hurdle in the U.S. Senate, paving the way for a final vote on the legislation. Read More »

EU industry group says trade defenses against China must stay

AJOT | June 24, 2015 | International Trade

European businesses from bicycles to steel will release a report concluding that China has a state-led and subsidized economy and should not benefit from a change of global trade rules next year. Read More »

Japan says broad agreement on Pacific trade deal possible in July

AJOT | June 24, 2015 | International Trade

A broad agreement on a Pacific rim trade deal could be reached next month, Japan's Economy Minister Akira Amari said, as the U.S. Senate moved towards a vote on giving President Barack Obama "fast-track" negotiating authority. Read More »

Australia to be sixth-biggest shareholder in AIIB

AJOT | June 24, 2015 | International Trade

The Australian government said it would contribute A$930 million ($718.9 million) over five years to the new China-led Asian Infrastructure Investment Bank (AIIB), making it the institution's sixth largest shareholder. Read More »

China seizes $483 million of smuggled meat, some 40 years old

AJOT | June 24, 2015 | International Trade

Chinese customs have seized around 3 billion yuan ($483 million) worth of smuggled meat, some more than 40 years old and rotting, the official China Daily said on Wednesday, the latest in a grim series of food safety scares. Read More »

China says door open to US, Japan joining infrastructure bank

AJOT | June 24, 2015 | International Trade

China has left the door open for the United States and Japan to join a Beijing-led infrastructure bank but the offer has so far been rebuffed, Chinese Finance Minister Lou Jiwei said. Read More »

Daimler Trucks reports stronger US, west European demand

AJOT | June 24, 2015 | Intermodal | Road | International Trade

Daimler Trucks' full order books in the United States and western Europe are helping to more than offset weak markets in Asia and Latin America, the company said. Read More »

Daimler Trucks reports stronger U.S., west European demand

Reuters | June 24, 2015 | International Trade

Daimler Trucks’ full order books in the United States and western Europe are helping to more than offset weak markets in Asia and Latin America, the company said on Wednesday. Read More »

BIFA concerned at ongoing delays to Union Customs Code legislation

AJOT | June 24, 2015 | International Trade

The British International Freight Association (BIFA) is concerned at delays in the European Commission Inter-Services Consultation on the Implementing and Delegating Acts for the Union Customs Code (UCC). Read More »

European shares slide after Greece says lenders reject debt proposals

Reuters | June 24, 2015 | International Trade

European shares fell sharply into negative territory on Monday, after Greece said international lenders had rejected its latest proposals to end a stand-off over debt and avoid default. Read More »

Retailers call Senate trade vote ‘Necessary step toward free and open global economy’

AJOT | June 23, 2015 | International Trade

global economy’ The National Retail Federation issued the following statement from Senior Vice President for Government Relations David French on the Senate’s procedural vote today on Trade Promotion Authority: Read More »

Key Democratic senators back plan for US trade legislation

AJOT | June 23, 2015 | International Trade

The U.S. Senate is headed toward showdown votes this week on legislation key to a Pacific trade pact, with some Democrats essential to passing the measure vowing to support it again and others undecided on whether to change their votes to oppose the bill. Read More »

US and EU face ‘heavy lift’ to get trade deal

AJOT | June 23, 2015 | International Trade

The United States and the European Union face a major challenge to achieve a free trade deal before President Barack Obama's term of office ends in January 2017, the EU's ambassador to the United States said. Read More »

US, India discuss intellectual property concerns

AJOT | June 23, 2015 | International Trade

Indian Finance Minister Arun Jaitley said on Saturday that senior Obama administration officials had raised U.S. concerns with him about India’s handling of intellectual property rights during his U.S. visit this week. Read More »

US trade negotiator poised to close on Pacific trade pact

AJOT | June 23, 2015 | International Trade

The chief U.S. agricultural negotiator says she is just a few phone calls and meetings away from wrapping up loose ends with her counterparts for a massive Pacific trade deal. Read More »

Asia’s exporters struggle to cope with a changing global economy

AJOT | June 23, 2015 | International Trade

In the good old decades, many Asian governments could stick to a simple economic strategy - ramp up exports, and reap solid growth rates. Read More »

China pushes 21st century Silk Road, bets on Modi to sign up

AJOT | June 23, 2015 | International Trade

The centre of China’s three-decade manufacturing boom, Guangdong, sits on the South China Sea, barely an hour from Hong Kong port. It is also the starting point of China’s Maritime Silk Road, a grand plan to recreate the ancient trading route linking Asia to Europe in which it wants India to sign up. Read More »