International Trade

EU grants export licenses for out-of-quota sugar

Reuters | October 10, 2013 | International Trade

The European Union will approve export licenses for 650,000 tons of sugar produced in excess of the bloc's annual quota limits, an entry in the bloc's official journal on Thursday showed. Read More »

Wal-Mart, Bharti Enterprises call off India joint venture

Reuters | October 09, 2013 | International Trade

Wal-Mart Stores Inc and Bharti Enterprises are breaking up their Indian joint venture, leaving the world's biggest retailer to go it alone in a country where it has struggled to build a bigger presence. Read More »

South Korea suspends some US beef imports over feed additive

Reuters | October 09, 2013 | International Trade

South Korea has suspended some U.S. beef imports after detecting the cattle feed additive zilpaterol in meat supplied by a unit of JBS USA, raising concerns over how the controversial animal growth enhancer has entered the global supply chain. Read More »

Japan worries about Boeing retreat in wake of JAL defection

Reuters | October 09, 2013 | International Trade

For five decades Boeing Co. has awarded bigger and bigger shares of its supply contracts to Japanese firms, but that could change after Japan Airlines' shock defection to Airbus and as the planemaker seeks to win orders in China. Read More »

Apollo bid for Cooper at risk unless price is cut

Reuters | October 09, 2013 | International Trade

Funding for Apollo Tires' $2.5 billion bid for U.S.-based Cooper Tire & Rubber Co is in jeopardy unless the deal price is cut to reflect the risk of higher costs stemming from labour issues, sources with direct knowledge of the matter said. Read More »

Sharply lower September trade gap bright spot for India’s economy

Reuters | October 09, 2013 | International Trade

India's trade deficit narrowed to a two-and-a-half-year low in September, raising hopes for a significant reduction in the country's gaping current account deficit, which helped send the rupee to record lows in recent months. Read More »

Kenya seizes ivory smuggled in seed sacks destined for Turkey

Reuters | October 09, 2013 | International Trade

Kenyan officials have seized more than 1,600 pieces of illegal ivory recently weighing almost five tons and hidden inside sesame seed sacks destined for Turkey, wildlife officials said. Read More »

US trade official says to seek TPP deal by year-end

Reuters | October 08, 2013 | International Trade

The United States maintained it hopes to seal an ambitious trade pact on schedule by year-end despite resistance in some countries and the absence of President Barack Obama from a regional summit that is ironing out differences on the pact. Read More »

Canada August trade deficit widens, hitting Q3 growth

Reuters | October 08, 2013 | International Trade

Canada's trade deficit widened more than expected in August as imports soared to a record high, suggesting that exports were still not providing the much-desired boost to economic growth in the third quarter. Read More »

Global trade weakening, economy to slow

Reuters | October 08, 2013 | International Trade

The 21 countries of the Asia Pacific Economic Cooperation trade group promised to implement responsible macroeconomic policies that will help offset slowing global economic growth and weaker trade. Read More »

Global trade in infrastructure goods to surge

Reuters | October 08, 2013 | International Trade

Trade in goods to build infrastructure such as ports, railways and power stations will rise sharply over the next two decades as developing economies climb the value ladder and rich nations keep investing to maintain their competitive advantage, HSBC said. Read More »

German exports rise less than expected in August

Reuters | October 08, 2013 | International Trade

German exports revived in August, rising slightly less than expected but more than imports and widening the trade surplus, official data showed, in a sign foreign trade will not drag too much on growth in Europe's largest economy. Read More »

Iranian trade with India hit by insurance delay

Reuters | October 08, 2013 | International Trade

Oil and container trade between India and Iran has been disrupted due to uncertainty over insurance cover, leaving some ships stranded outside ports in both countries, industry sources said. Read More »

Australia sees free trade deal with China within 12 months

Reuters | October 08, 2013 | International Trade

Australian Prime Minister Tony Abbott said he is intent on finalizing a free trade agreement with China within the next 12 months, and is prepared to accept a watered-down deal in order to quickly cement an arrangement that has been negotiated since 2005. Read More »

US firms urge Washington not to rush through landmark trade deal

Reuters | October 07, 2013 | International Trade

U.S. multinationals have warned Washington not to compromise and weaken a landmark 12-nation Asia-Pacific free trade pact in order to complete the deal by the end of this year. Read More »

Canceled EU-US talks complicate trade ambitions

Reuters | October 07, 2013 | International Trade

Even before the cancellation of the latest round of EU-U.S. talks, negotiations to create the world's largest free-trade deal were getting into difficult territory. Read More »

Russia halts Lithuanian dairy imports before EU summit

Reuters | October 07, 2013 | International Trade

Russia suspended imports of dairy products from neighboring Lithuania, turning up trade pressure on the European Union member weeks before it hosts a summit that could pull former Soviet republics further from Moscow's orbit. Read More »

Developing East Asia slows, but continues to lead global growth at 7.1% in 2013

AJOT | October 07, 2013 | International Trade

Changing global outlook highlights need for structural reforms to sustain growth and share prosperity Read More »

CBP reports cargo clearance still normal

AJOT | October 04, 2013 | International Trade

U.S. Customs and Border Protection (CBP) and related cargo clearance agencies continue to operate under normal working hours with no delays in cargo operations experienced at this time. Read More »

MOL Joining Project in Uruguay - To Build and Charter World’s Largest FSRU -

AJOT | October 04, 2013 | Breakbulk & Projects | International Trade

Mitsui O.S.K. Lines, Ltd. (MOL) President: Koichi Muto announced that MOL, along with a subsidiary of GDF Suez S.A. has signed a 20-year time charter party for one floating storage regasification unit (FSRU) Read More »