International Trade

‘Nein Danke’ - smaller German firms see US trade deal as threat

AJOT | June 29, 2015 | International Trade

Martina Roemmelt-Fella, who owns a small, family-run turbine manufacturer in Bavaria, should be a cheerleader for a trade deal between Europe and the United States that promises to ease the flow of goods and services across the Atlantic. Read More »

China-backed multilateral bank to take concrete shape this week

AJOT | June 29, 2015 | International Trade

One of China's biggest ever foreign policy successes will take concrete shape when delegates from 57 countries sign an agreement on the Asian Infrastructure Investment Bank (AIIB) in Beijing. Read More »

China to hold some veto powers in new Asian bank

AJOT | June 29, 2015 | International Trade

China will hold over a quarter of the votes in the new Asian Infrastructure Investment Bank (AIIB), its finance ministry said, giving it a veto in some key decisions despite Beijing insisting it will not have such powers. Read More »

Indonesia to be eighth-largest AIIB shareholder with $672 million stake

AJOT | June 29, 2015 | International Trade

Indonesia will sign up as a founding member of the China-backed Asian Infrastructure Investment Bank (AIIB) with an investment of $672.1 million paid over five years, the Finance Ministry said in a statement. Read More »

Brazil’s Petrobras slashes 5-year spending plan by 41%to $130.3 billion

Reuters | June 29, 2015 | Energy | International Trade

Brazil’s state-run oil company Petrobras slashed its long-term spending plan to the lowest level in eight years on Monday as new management moved to reduce the industry’s largest debt burden and pull the company out of a giant corruption scandal. Read More »

CBP officers in Tampa seize counterfeit Legos from China

AJOT | June 29, 2015 | International Trade

U.S. Customs and Border Protection (CBP) officers in Tampa seized a shipment of counterfeit toys with a Manufacturer’s Suggested Retail Price (MSRP) of more than $9,000. Read More »

California small business exports forklifts to Brazil supported by EXIM-guaranteed buyer financing

AJOT Administrator | June 29, 2015 | International Trade

Wiggins Lift Co. Inc., a small-business manufacturer in Oxnard, Calif., is exporting its forklifts to marinas in Brazil with the support of medium-term buyer financing being guaranteed by the Export-Import Bank of the United States (EXIM Bank) from Northstar Trade Finance Inc. in Vancouver, British Columbia. Read More »

Commodity Prices Rally Again in May: Scotiabank’s Patricia Mohr

Marketwired | June 29, 2015 | International Trade

Commodity Prices Rally Again in May: Scotiabank's Patricia Mohr Read More »

CAGTC applauds Senate “National Multimodal Freight Policy and Investment Act”

AJOT | June 29, 2015 | International Trade

Senators Cantwell, Booker, Murray and Markey Introduce S.1680 to Support Multimodal Goods Movement Read More »

Chief Lagarde says disappointed over inconclusive talks with Greece

Reuters | June 28, 2015 | International Trade

The head of the International Monetary Fund said Sunday she is disappointed in the stalemate over talks to prevent Greece from defaulting on its IMF debt, but said the euro area is in a “strong position” to respond effectively to developments. Read More »

Greece’s creditors propose targeting shipping sector

Reuters | June 26, 2015 | International Trade

Under the latest proposals made by Greece’s creditors, the country’s shipping companies face paying a higher tonnage tax and a phasing-out of special tax allowances which they have enjoyed, according to documents seen by Reuters. Read More »

Congress Passes Final Legislation to Renew GSP

AJOT | June 26, 2015 | International Trade

GSP renewal legislation has finally passed in both the House and the Senate. The legislation will now go to the President for his signature. Read More »

US Congress victory moves Obama’s Pacific trade pact forward

AJOT | June 25, 2015 | International Trade

Legislation vital to securing the largest U.S. trade deal in decades was passed by the Senate by a comfortable margin, advancing President Barack Obama's efforts to strengthen U.S. economic ties around the Pacific Rim. Read More »

US and China to cooperate to end ‘massacre’ of wildlife

AJOT | June 25, 2015 | International Trade

U.S. and Chinese officials agreed during high-level talks in Washington to work together to end the "massacre" of wildlife and reduce the flow of illegal wildlife trafficking, a senior U.S. official said. Read More »

US, China stress positives, but fail to narrow differences

AJOT | June 25, 2015 | International Trade

The United States and China sought on Wednesday to stress the positives in their relationship after three days of high-level talks, but failed to narrow differences on the most contentious issues of cyber and maritime security. Read More »

Obama looks abroad to secure his legacy

AJOT | June 25, 2015 | International Trade

At a moment when much of the world is watching Greece, one of the most critical moments in Barack Obama’s presidency is also fast approaching. Read More »

McDonald’s plans to sell Taiwan stores to franchise operator

AJOT | June 25, 2015 | International Trade

McDonald's Corp said it is aiming to sell all of its 413 Taiwan-based stores to a franchise operator, as the U.S. fast-food chain looks to cut costs globally and turn around its flagging China business. Read More »

GM’s Chevy brand puts hopes for global growth on Cruze

AJOT | June 25, 2015 | International Trade

General Motors Co unveiled the new-generation Chevrolet Cruze compact car, a linchpin of its effort to attract new buyers to the brand and a symbol of the U.S. automaker's competitive challenges. Read More »

Subaru recalls 72,000 vehicles in US for possible auto brake failure

AJOT | June 25, 2015 | International Trade

Subaru is recalling 72,000 newer-model vehicles in the United States because the automatic pre-collision braking part of the driver-assist system could fail, increasing the risk of a crash, according to documents posted online by U.S. safety regulators. Read More »

Boeing plans to further slow 747 jet production in 2016

AJOT | June 25, 2015 | Air Cargo | International Trade

Boeing Co said it would slow production of its 747-8 jumbo jet by 23 percent to one per month starting in March, an effort to keep the production line running amid sluggish demand for the iconic, humped-top plane. Read More »