International Trade

Peru’s central bank says country posts $666 million trade deficit

AJOT | September 20, 2013 | International Trade

Reuters is reporting that Peru's central bank slashed its official view of this year's trade balance to a $666 million deficit. Read More »

Canadian wheat crop vies with U.S. for export sales

AJOT | September 20, 2013 | International Trade

Canada's biggest wheat crop in more than two decades will send supplies from the No. 2 wheat exporter into unusual places, battling head-on with U.S. wheat, grain traders said. Read More »

Airforwarders Association Hails Advancement of Ports and Waterways Bill in U.S. House

AJOT | September 20, 2013 | Air Cargo | International Trade | Transport Intermediaries

The Airforwarders Association (AfA), which represents more than 350 companies dedicated to moving cargo throughout the supply chain, has applauded a U.S. House committee's approval of legislation to improve America's ports and waterways. Read More »

World crude steel production up +5.2% in August

AJOT | September 20, 2013 | International Trade

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 130 million tons (Mt) in August 2013, an increase of 5.2% compared to August 2012. Read More »

Aluminum in Autos Better than Steel to Save Energy and Cut Carbon, Oak Ridge National Lab Confirms

AJOT | September 20, 2013 | International Trade

Opting for aluminum over steel in new automobile construction to improve fuel economy is also the best way to reduce energy consumption and carbon emissions, according to a new study by the United States Department of Energy’s Oak Ridge National Laboratory (ORNL). Read More »

ASA Welcomes Committee Approval of WRRDA, Calls for Passage by Full House

AJOT | September 20, 2013 | International Trade

American Soybean Association President Danny Murphy, a soybean farmer from Canton, Miss., voiced the association’s approval this afternoon as the House Transportation and Infrastructure Committee voted unanimously to approve the Water Resources Reform and Development Act (WRRDA). Read More »

Soybean association calls for quick move on Farm Bill

AJOT | September 20, 2013 | International Trade

Following the vote in the House of Representatives on the Nutrition Reform and Work Opportunity Act, ASA called on the House to quickly name its conferees with the Senate and get to work reconciling the farm and food legislation in the two chambers. Read More »

Specialty Crop Farm Bill Alliance Statement on Moving Forward on Conference Committee for 2013 Farm

AJOT | September 20, 2013 | International Trade

The Specialty Crop Farm Bill Alliance (SCFBA) strongly urges the House of Representatives to move forward with the Farm Bill. Read More »

Cargill to build $200 million oil crushing plant in Russia

Reuters | September 19, 2013 | International Trade

Agribusiness Cargill Inc CARG.UL said it plans to open a $200 million sunflower oil crushing plant in southern Russia in time for the 2015 harvest. Read More »

Amber Road acquires Shanghai-based EasyCargo

AJOT | September 19, 2013 | International Trade

Amber Road, a leading provider of global trade management (GTM) solutions, announced today it acquired EasyCargo, a Shanghai-based GTM solutions provider specializing in complex Chinese trade regulations. Read More »

Swiss exports slip in August as trade with EU ebbs

Reuters | September 19, 2013 | International Trade

Swiss exports fell in August on declining trade with the European Union, with the pharmaceutical and machinery branches sagging even as exports of Swiss watches improved, the Federal Customs Office said. Read More »

US farm bill might violate trade rules

Reuters | September 17, 2013 | International Trade

The new U.S. farm bill might violate World Trade Organization rules against trade-distorting subsidies, major U.S. business groups said in an appeal to lawmakers to revamp the bill, which is already facing slim odds of passage. Read More »

Chinese telecom carrier says new iPhone orders exceed 100,000 units

Reuters | September 17, 2013 | International Trade

Chinese telecom carrier China Unicom Hong Kong Ltd said preorders for Apple Inc's newest iPhone models, iPhone 5C and 5S, exceeded 100,000 units since the two smartphones were launched last week. Read More »

EU ready for talks with China on pact paving way for free trade

Reuters | September 17, 2013 | International Trade

European Union countries will agree next month to talks with China on a pact making it easier to do business, possibly paving the way for a free-trade deal between two of the world's biggest markets, EU officials said. Read More »

Singapore August exports fall, but regional trends remain strong

Reuters | September 17, 2013 | International Trade

Singapore's non-oil domestic exports unexpectedly fell in August, pointing to continued difficulties faced by its manufacturers even as the city-state's overall trade figures underscored recent signs of improving global demand for the region's shipments. Read More »

China to slap anti-subsidy duties on US solar material

Reuters | September 16, 2013 | International Trade

China said hat it would impose preliminary anti-subsidy duties on some imports of U.S. solar-grade polysilicon, a move that could intensify trade tensions between the world's two largest economies. Read More »

Ukraine, Honduras revive tobacco dispute with Australia at WTO

Reuters | September 16, 2013 | International Trade

Ukraine and Honduras are reviving a dispute at the World Trade Organization (WTO) challenging Australian laws that impose uniform drab green packaging and large graphic health warnings for cigarettes, diplomats said. Read More »

GPA adds cargo, customers in FY2013

Bob Kirk | September 12, 2013 | International Trade

In his State of the Port address, Georgia Ports Authority Executive Director Curtis Foltz reported record cargo volumes, an influx of new business, and more than 1 million square feet of distribution center space leased or developed. Read More »

New US meat label rule survives challenge by meat packers

Reuters | September 12, 2013 | International Trade

A U.S. district judge refused to stop the government from requiring labels on packages of beef, pork, poultry and lamb sold in U.S. stores to include more specific information about the meat's country of origin. Read More »

Smithfield says proxy firm ISS recommends deal with Shuanghui

Reuters | September 12, 2013 | International Trade

Smithfield Foods Inc said an independent proxy advisory firm recommended that shareholders vote for the pork producer's $4.7 billion sale to China's Shuanghui International Holdings Ltd, citing the high offer price. Read More »