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
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
TPP: Do We Need a Plan B?
The 2016 U.S. presidential campaign may be thought of as the funeral for the Trans-Pacific Partnership. The presidential candidates both… Read More
Iran Deal Implementation: Six Months Later
The Iran nuclear deal remains controversial in the United States, largely because of critics who claim it has not delivered… Read More
RTL Delivers Cargo to Gazprom Moscow Refinery
Russia based project logistics provider RTL LLC organized the delivery of oversize equipment for the modernization of a Moscow refinery… Read More
U.S.-Singapore Leaders Talk Economics, Trade
Last week’s visit to the White House by Singapore’s prime minister made headlines with President Obama’s comments on the presidential… Read More
Are We Witnessing The Demise of the Box?
Marc Levinson’s book The Box, published on the fiftieth anniversary of the first container voyage in April 1956, tells the… Read More
TPP: USTR Closes a Loophole for Digital Protectionists
The Obama administration has taken a key step in fixing its decision to exempt financial data from the Trans-Pacific Partnership… Read More
Aviation: Supporting Jobs, Economic Growth, and Sustainable Development
Aviation is vital to the modern, globalized world, supporting millions of jobs and driving economic growth. But the benefits of… Read More
Examining the International Distribution Buyback Clause
Many U.S. exporters, in an effort to keep their options open, include an escape clause in their distribution contract. In… Read More
Five Trends Guiding the Future of B2Bi and ERP
B2B integration done correctly is a chance for organizations to cut costs without reinventing the wheel. And by 2020 and… Read More
Debunking The Top Ten Myths About International Distribution Agreements
Most companies today know that foreign bribery is bad, and may even know it’s illegal. They may have heard of… Read More
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