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.
Shippers Frustrated as Spot rates Rise With Demand
As demand surges on the Asia-European trades, carriers and forwarders find themselves grappling with escalating spot rates, leading to frustrations… Read More
WATCH: Trump’s Misleading Statements About Energy, Steel
President Donald Trump signed an executive order yesterday at the headquarters of the Environmental Protection Agency that purported to roll… Read More
Is Mexico’s Surprise Surplus a Portent of Export Reversal to Come?
Mexico delivered a trade surplus of $684 million in February, according to official figures, compared to A $350 million deficit… Read More
The Rolls-Royce Treatment: Global Bribery Demands Global Resolutions
International anti-corruption enforcement has never been more coordinated, aggressive or costly. Last year was a record-breaking year for global enforcement,… Read More
First Look at Trump Budget Isn’t Pretty
The Trump administration released the first document of its proposed budget for the 2018 fiscal year last week. The document… Read More
Bullish on Exports to Mexico
I may be wrong, but 90 percent of President Trump’s trade rhetoric may just be pre-negotiating posturing. Keep in mind… Read More
WATCH – US-Mexico: Trade, Security, and Prosperity
Much more than the Rio Grande now separates the policies of the US and Mexican governments. Mexico will have a… Read More
Africa: Finding Resurgence in Emerging Markets
We’ve heard it all before: “Africa in Free-Fall” or “Failure to Launch.” Indeed over the past few years, economic growth… Read More
Trump Budget Hurts Manufacturers, Exporters
Secretary of Commerce Wilbur Ross tried to put on a brave face when explaining the 16-percent cutback that President Trump’s… Read More
WATCH: Pioneering Blockchain for Trade
Vivek Ramachandran, global head of product and propositions for global trade and receivables finance at HSBC, explains the importance of… Read More
Adidas to Automate China Trade Operations
Conducting international trade within China can be difficult and complex. Adidas China needed an automated solution to help reduce manual-based… Read More
Move to Exporting 201
Companies that have had some export success selling though distributors often reach a point where their sales growth flattens or… Read More
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