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.
Essential Guidelines for US Freight Forwarders
In a bid to clarify export compliance responsibilities, the Bureau of Industry and Security (BIS) has recently issued comprehensive guidance… Read More
UNCTAD: Digital Economy Offers Phenomenal Opportunities
The digital economy offers phenomenal opportunities to engage more individuals and small businesses in the global economy, but it also… Read More
Navigating Trump’s 35-Percent Import Tax
As the jolt of Donald Trump winning the U.S. presidential election reverberated around the world, the media and blogospheres have… Read More
North American Grain Shipments Flowing
The St. Lawrence Seaway is expecting a strong finish to the shipping season as freighters deliver raw materials and exports… Read More
The Economic Effects of the 2016 Election
The economic effects of the election are likely to be positive, but somewhat muted in 2017. Like anyone seeking office,… Read More
Handling the Supply Chain Butterfly Effect
Experiencing supply chain disruptions these days is like watching the butterfly effect at Mach speed. One delicate wing flap in… Read More
Building Trust in Online Markets
The internet—and ecommerce in particular—offers new opportunities for developing countries to grow, but maximizing the potential of this opportunity requires… Read More
Energy Department Awards Wave Energy Prize
The U.S. Department of Energy’s (DOE) Office of Energy Efficiency and Renewable Energy announced AquaHarmonics as the winner of the… Read More
Elaine Chao Earns Praise from Transportation, Logistics Lobbies
While some of President-Elect Donald Trump’s cabinet choices have been greeted with skepticism, the selection of Elaine Chao as Secretary… Read More
Trade Winds: A Four-Part Series On Shifting Attitudes Toward Trade Agreements
On November 10, only two days after the election of Donald Trump to the United States presidency, Canadian Prime Minister… Read More
Globalization Has Surpassed Pre-Crisis Peak
DHL, the global logistics leader, has released the fourth edition of its Global Connectedness Index (GCI), a detailed analysis of… Read More
Carmichael International Expands To Mexico
Carmichael International Service, one of North America’s largest customs brokerage and trade compliance specialists, has announced that it has expanded… Read More
« Previous 1 … 194 195 196 197 198 … 279 Next »