International Trade

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 »

New global grain giant takes shape with COFCO, CIC venture

Reuters | May 13, 2015 | International Trade

China’s biggest grain trader has taken its next step to developing a major competitor to the traditional ‘Big 4’ global agribusiness giants, ADM, Bunge, Cargill and Louis Dreyfus. Read More »

China’s COFCO, CIC to set up venture to run agricultural businesses

Reuters | May 12, 2015 | International Trade

China’s largest grain trader COFCO is setting up a venture with sovereign wealth fund China Investment Corp (CIC) to control COFCO’s investments in Dutch trader Nidera and Noble Group Ltd’s agribusiness. Read More »

Alibaba rolls out 3-hour delivery service for healthcare goods

Reuters | May 12, 2015 | International Trade

Chinese online shopping giant Alibaba Group Holding Ltd is rolling out a three-hour delivery service for healthcare goods, mimicking rival JD.com Inc. Read More »

As Cuba opens, Hollande seeks greater French role

Reuters | May 11, 2015 | International Trade

French President Francois Hollande on Monday urged an end to the U.S. trade embargo of Cuba and envisioned a larger French role in Cuba’s engagement with the West during the first visit by a French head of state to Cuba. Read More »

Brazil to sweeten infrastructure package to woo investors

Reuters | May 11, 2015 | International Trade

Brazil could offer an improved rate of return for investment in multibillion-dollar projects aimed at overhauling its aging infrastructure and ease requirements as it seeks to lure more private capital, five officials close to policy talks told Reuters. Read More »

China’s state firms cool on new derivatives power

Reuters | May 11, 2015 | International Trade

Chastened by several high-profile calamities in the recent past, many of the state companies China has freed to trade overseas derivatives will be sitting on their hands, put off by the risks or a lack of expertise. Read More »

Europe appeals for UN to back operation to tackle migrant flow

Reuters | May 11, 2015 | International Trade

Europe appealed to the United Nations Security Council on Monday to back its plans to stem the flow of migrants across the Mediterranean and pledged that those intercepted at sea while making the precarious trip would not be repatriated. Read More »

Washington gives Jordan 100,000 tonnes of wheat worth $25 million

Reuters | May 10, 2015 | International Trade

The United States has given Jordan 100,000 tonnes of wheat as part of broader aid to help its Middle Eastern ally cushion the impact of Syrian refugees on its economy, U.S. officials said on Sunday. Read More »

Imports Settling Down After Surge to Clear Backlog

AJOT | May 08, 2015 | International Trade | Ports & Terminals

Import cargo volume at the nation’s major retail container ports is returning to normal levels as officials prepare to count votes on ratification of a new West Coast labor agreement that ended months of uncertainty, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. Read More »