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.
Maersk Infuses $600 Million into Nigeria’s Port Infrastructure, Bolstering Maritime Trade Expansion
A.P. Moller-Maersk (Maersk) has unveiled a substantial $600 million investment geared towards enhancing Nigeria’s port infrastructure, marking a pivotal step… Read More
TPP: The Nitty Gritty
Despite all of the negative rhetoric on trade and the Trans-Pacific Partnership (TPP) being heard in the U.S. presidential campaign,… Read More
Sino-Global Signs Strategic Agreement with COSCO Logistics
Sino-Global Shipping America, Ltd., a shipping, chartering, and logistics company, has signed a strategic cooperation agreement with COSCO Logistics (Americas)… Read More
The Cuba Embargo: When Will it Be Lifted?
In December of 2014, President Obama announced that it was time to “cut loose the shackles of the past,” inaugurating… Read More
Southco Chooses DHL as its Sole Global Logistics Provider
Southco, a global source for engineered access hardware, has chosen DHL Global Forwarding once again as its sole global logistics… Read More
TPP Gets Passing Grade From International Trade Expert
When the United States and 11 other nations recently agreed to the Trans-Pacific Partnership, they set in motion history’s largest… Read More
Crossborder Weapons Sales: Who’s Minding the Store?
The headlines seem at times like a James Bond, international spy-versus-spy action thriller movie description, but they are real. Russian-born… Read More
Avaya Helps China’s Tuhu Deliver Upgraded Ecommerce Experience
Avaya is working with Tuhu.com, a B2C automotive maintenance ecommerce service platform in China, to deliver a new contact center… Read More
The Multinational Branding Tug-of-War
When a US exporter enters a distribution partnership in an overseas market, localization (commonly abbreviated L10N) decisions must be made…. Read More
Retailers: Clinton and Trump Both Wrong on International Trade
The National Retail Federation is not comfortable with either of the major presidential candidates to the extent they opposes trade…. Read More
Economic Inclusion Requires a Robust Advanced Sector
City, metropolitan area, and state leaders across the country continue to look for ways to re-energize the American economy and… Read More
Seal Manufacturer Expands Manufacturing, Logistics Capacities
Cambridge Security Seals (CSS), a manufacturer of tamper-evident seals and asset protection solutions, has expanded its manufacturing capacity. The move… Read More
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