It’s easy to take for granted our accessibility to products native to or manufactured in countries on the other side of the world. International trade makes it possible to enjoy a dinner of Kobe beef from Japan, tropical fruits from India and a bottle of wine from France, without having to wait days (or weeks) for all the ingredients to arrive. From the days of the Silk Road between Europe and Asia in the 1200s, international trade has facilitated the exchange of goods and services between nations. As transportation evolved to make doing business internationally more practical, the result has been a global economy where events in one county can impact product supplies, demand and prices in countries thousand of miles away. For consumers, global trade means more business competition, which (despite tariffs and other additional costs that do not apply to domestic trade) typically results in lower prices for the products they want to purchase. It also opens up more markets where countries can sell the goods that are more abundant within their borders. The Cycle of Global Trade Relationships International trade can, over time, change the nature of relationships between two countries. One familiar example is when a poorer nation provides labor and facilities to more developed trading partners, acquiring wealth that can then be channeled into greater domestic productivity. When that happens, it could eventually result in a reversal of roles, where the product importer becomes an exporter. One sees elements of this in the trade relationship between the U.S. and China.
Navigating Global Investment Challenges: UNCTAD’s Call for Equitable Development Strategies
Amidst evolving global economic landscapes, the United Nations Conference on Trade and Development (UNCTAD) has unveiled a comprehensive report titled… Read More
Apple Spreads Its Wings in China
Global communications giant Apple has taken a large step toward achieving its target of 40 new retail stores in China…. Read More
Corruption Continues to Strangle Global Trade
Despite increased global efforts to curtail it, corruption remains a significant obstacle to international business, according to the most recent… Read More
Australian Vessel Seizes Large Weapons Cache
Operating as part of Combined Task Force 150 (CTF150), an Australian ship uncovered and seized a large weapons cache following… Read More
It’s Time to Brace for ACE
U.S. Customs recently announced a delay until March 31 for mandatory filing of all entry summary transactions in U.S. Customs’… Read More
Central America Has Growth Potential for U.S. Exporters
Manufacturers and distributors of automobile parts, components, and accessories and automobile care equipment ought to consider growing their businesses by… Read More
Tianjin Tianhai in $6-Billion Acquisition of Ingram Micro
Ingram Micro Inc. and Tianjin Tianhai Investment Company, Ltd. have entered into a merger agreement. Under the agreement, Tianjin Tianhai… Read More
Ford Mulls Plans to Move Some Production to Mexico
Detroit-based Ford Motor Co. is seriously mulling plans to build a new assembly plant in San Luis Potosí, Mexico, and expand an… Read More
EU Industries Protest Proposed MES for China
More than 5,000 workers from 17 European countries recently marched on the offices of the European Commission in Brussels to protest the proposed granting of Market… Read More
Qatar Airways Cargo Increased Tonnage By 37.5 Percent In 2015
Statistics revealed by Qatar Airways Cargo show that the world’s third largest international air freight carrier increased its tonnage by… Read More
CGG Services Settles Civil Liability for Alleged Violations of the Cuba Embargo
CGG Services S.A. has agreed to pay $614,250 to settle potential civil liability for alleged violations of the Cuban Assets… Read More
U.S. Trade Slumps Almost Five Percent in 2015
U.S. exports of goods and services totaled $2.23 trillion in 2015, a 4.8 percent decrease from 2014, according to the… Read More
« Previous 1 … 233 234 235 236 237 … 278 Next »