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.
Global Commodity Prices Plateau, Threatening Inflation Targets Amid Geopolitical Tensions
Global commodity prices, which sharply declined last year contributing to a reduction in global inflation, have now stabilized, posing challenges… Read More
U.S. SME Exporting Slows: Survey
Small and midsized U.S. enterprises are taking on more of the administrative burden associated with exporting even as growth in… Read More
Manufacturers Take Aim at Presidential Candidates’ Anti-Trade Rhetoric
Trade continues to be a major topic in the campaigns of both Republican and Democratic presidential candidates. “Unfortunately,” said Linda… Read More
CEVA Upgrades Customs Clearance Procedures in Brazil
CEVA Logistics, one of the world’s leading supply chain management companies, has significantly upgraded its clearance procedures in Brazil to… Read More
TPP Opponents Continue to Push Against Trade Deal
The Trans-Pacific Partnership was concluded half a year ago, and interest groups opposed to the trade are continuing their efforts… Read More
International Trade Administration Ranks Top Export Markets For U.S. Industries
United States Under Secretary of Commerce for International Trade Stefan M. Selig has released 19 Top Markets Reports to provide… Read More
U.S. Customs Broker Carmichael International Service Expands to Canada
Carmichael International Service, a division of APL Logistics and one of the largest customs brokerage, trade compliance and consulting specialists… Read More
TTIP: Good for the EU, Good for the U.S.
The independent consultant carrying out a sustainability impact assessment (SIA) for the European Commission (EC) on the trade agreement being… Read More
European Commission Launches New Investigation on Chinese Steel Imports
The European Commission (EC) has launched a new anti-subsidy investigation on imports of Chinese hot-rolled flat steel, on which an… Read More
What in the World is China Doing in Kenya?
China’s presence in sub-Saharan Africa has risen markedly in recent years. Research from Johns Hopkins University notes that Chinese investments… Read More
Dubai, Florida County Discuss Bilateral Cooperation
The Dubai Investment Development Agency (FDI) and Orange County, Florida, are actively exploring economic cooperation, to include trade, investments, and… Read More
Economic Alliance Helps Drive LA-Guangzhou Partnership
Los Angeles-based CausePlay has inked a deal with a Guangzhou company to support Virtual Reality (VR) production and advertising. The… Read More
« Previous 1 … 222 223 224 225 226 … 279 Next »