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
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
U.S. Unveils Offshore Oil and Gas Leasing Plan
After considering more than 3.3 million public comments and holding 36 public meetings, U.S. Secretary of the Interior Sally Jewell… Read More
Rubio Introduces Bill Sanctioning China
U.S. Senator Marco Rubio, a Republican of Florida, introduced yesterday the “South China Sea and East China Sea Sanctions Act,”… Read More
Trump, Trade, and Security
In October, Donald Trump listed what he plans to do as president in his first 100 days, giving us the… Read More
CaroTrans Initiates First, Direct LCL Service from Poland to U.S.
CaroTrans, a global NVOCC (non-vessel operating common carrier) and ocean freight consolidator has announced its first direct, weekly LCL service… Read More
FMC: Information Infrastructure Key to U.S. Competitiveness
Critical information delivered to supply chain actors via a national portal will improve port performance and increase American economic competitiveness,… Read More
Blockchain: Evolution Not Revolution
Blockchain—more precisely, distributed ledger technology—seems to be the talk of the town. Best-known as the process underpinning the virtual currency… Read More
SELF-POWERED EXPORTS
To understand what goes into making Combustion Associates Inc. the “poster child” for small companies that export in a big… Read More
Successfully Trekking Into International Contracting
Every year, 50,000 hikers enjoy the ascent to Yosemite Valley’s imposing and iconic summit of Half Dome. While sometimes technical… Read More
Can’t We All Just Trade Along?
The recent elections saw a great focus on the need to spur domestic job growth. Much has been said about… Read More
Principles For Securing The Internet Of Things
The Department of Homeland Security (DHS) recently issued a set of “Strategic Principles for Securing the Internet of Things (IoT),… Read More
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