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.
Resurgence in Manufacturing Boosts Transport and Logistics Sector
The transport and logistics sector has experienced a notable uptick in transaction volumes, reaching its highest levels in nine months,… Read More
CGG Services Settles Civil Liability for Alleged Violations of the Cuba Embargo
CGG Services S.A. has agreed to pay $614,250 to settle potential civil liability for alleged violations of the Cuban Assets… Read More
U.S. Trade Slumps Almost Five Percent in 2015
U.S. exports of goods and services totaled $2.23 trillion in 2015, a 4.8 percent decrease from 2014, according to the… Read More
Lawmakers Urge Rigorous Scrutiny of Proposed Terex Deal
China’s Zoomlion Heavy Industry Science & Technology Co. has filed for regulatory approval of its unsolicited bid to acquire Connecticut-based crane and construction machinery maker, Terex Corp. The bid has drawn… Read More
China’s Slowdown, Foreign Policy, and the Global Economy
In light of China’s deepening economic slowdown, “China’s foreign policy may well be driven increasingly by the risk of domestic… Read More
New Partnership Capitalizes on Alaska’s Potential in Global Air Cargo Commerce
A new partnership between the Alaska International Airport System, the Municipality of Anchorage, and the Anchorage Economic Development Corp. aims… Read More
The CBSA’s Assessment and Revenue Management Project
As the trade landscape continues to evolve and governments modernize systems in 2016, Canadian importers are already experiencing the effects… Read More
The Next Wave of Innovation Requires Standardization
A new study from the University of Tennessee, Knoxville’s Global Supply Chain Institute demonstrates that decision fatigue impedes a company’s… Read More
Not Your Average Zhou
Zhou Xiaochuan, the urbane governor of China’s central bank for the past 13 years, gave a lengthy interview recently to… Read More
Ford to Shutter Operations in Japan, Indonesia
After pursuing “every possible option,” global auto giant Ford Motor Co. has said decided to close down all operations in… Read More
Korean Tire Makers Expand Production in the U.S.
Two giant Korean auto tire makers are expanding their footprint in the U.S. market with the start-up of production capabilities… Read More
European Parliamentarians Make Demands of Negotiators of Services Agreement
The ongoing talks on a Trade in Services Agreement (TiSA), among countries representing 70 percent of world trade in services,… Read More
« Previous 1 … 233 234 235 236 237 … 277 Next »