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.
Global Commodity Prices Plateau, Threatening Inflation Targets Amid Geopolitical Tensions
Global commodity prices, which sharply declined last year contributing to a reduction in global inflation, have now stabilized, posing challenges… Read More
New Digital Supply Chain Finance Solution Opens Working Capital Opportunities For Bank Clients
Intellect Global Transaction Banking, a transaction banking and technology specialist, has implemented a comprehensive supply chain finance platform for Bank… Read More
Report: $89 Billion Lost In Underuse of EU Free Trade Agreements
The full potential of European Union free trade agreements (FTAs) remains untapped to the tune of $89 billion, UNCTAD and… Read More
ANIMAL PLANET
1) Somewhere between being herded in and out of the airport and rounded up on and off the airplane–peanuts tossed… Read More
A World without NAFTA?
The Trump administration’s efforts to re-negotiate NAFTA continue amidst uncertainty and growing concern whether the parties will be able to… Read More
How Will the Tax Overhaul Affect US Competitiveness?
President Donald J. Trump and congressional Republicans have enacted the largest changes to the federal tax code in three decades…. Read More
Marisol International Announces Enhanced Supply Chain Technology Solutions
Marisol International, an Ascent Global Logistics company, today announced its newly enhanced suite of technology empowered supply chain solutions, referred… Read More
KNOW YOUR DIGITS
With every import or export comes at least one question: What is the correct Harmonized System (HS) code associated with… Read More
How to Prepare Your Logistics For Chinese New Year
China’s busiest time of year is fast approaching. Chinese New Year (CNY) is celebrated nationwide meaning all businesses around the… Read More
U-Freight Welcomes Luxor Resolution on Ecommerce
The U-Freight Group (UFL), with its considerable involvement in ecommerce logistics, has welcomed the recently-signed Luxor Resolution on crossborder ecommerce… Read More
Complaints Over State Support Exacerbating Global Excess Capacity
China’s state-led economic model finances the rapid expansion of capacity and production in government-selected industries such as steel, aluminum, and… Read More
TPP Redux: Why the United States Is the Biggest Loser
On the first anniversary of President Trump’s announcement that the United States would withdraw from the Trans-Pacific Partnership (TPP), the… Read More
« Previous 1 … 99 100 101 102 103 … 279 Next »