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.
Iran Tensions’ Global Trade Impact Revealed by Seized Ship Cargo
The ship MSC Aries recently made headlines after being seized by Iran’s Islamic Revolutionary Guard Corps near the Strait of… Read More
DHL Lays Tracks For China-Turkey Rail Corridor
DHL Global Forwarding has inaugurated a new service on the southern rail corridor between China and Turkey. The corridor occupies… Read More
Feds Seize Dietary Supplements Containing Kratom
U.S. Marshals, at the request of the Food and Drug Administration, seized 90,000 bottles of dietary supplements labeled as containing… Read More
Virginia Governor Signs Collaboration Agreement Between Virginia, Cuba Ports
During a marketing and collaboration mission to Cuba led by Virginia Governor Terry McAuliffe, the Virginia Port Authority signed a… Read More
White House Reports on Efforts to Combating Human Trafficking in Supply Chains
The President’s Interagency Task Force (PITF) to Monitor and Combat Trafficking in Persons has been brought together to combat human… Read More
Anemic Recovery in Emerging Markets to Weigh Heavily on Global Growth in 2016
Weak growth among major emerging markets will weigh on global growth in 2016, but economic activity should still pick up… Read More
EU, Vietnam Sign Free Trade Agreement
The European Union and Vietnam have signed the final document cementing an expansive free trade agreement deal that erases more… Read More
Schaeffler North America Opens New Plant in Mexico
South Carolina-based automotive components manufacturer Schaeffler Group North America has opened a second production facility in Huejotzingo, Puebla, Mexico. The new… Read More
Dutch Minister Lead Trade Mission to Cuba
The foreign trade and development cooperation minister of the Netherlands, Lilianne Ploumen, recently returned from leading a trade mission to… Read More
Asia Pacific Air Cargo Market Shows Weakness
Preliminary November traffic figures released today by the Association of Asia Pacific Airlines (AAPA) showed air cargo markets remained weak…. Read More
Abercrombie & Fitch Opens First Store in the UAE
Abercrombie & Fitch Co has opened its first store in the United Arab Emirates (UAE) at Dubai’s luxury Mall of Emirates shopping… Read More
Company, Union Join on Petition Against Tire Imports
The United Steelworkers (USW) union has joined with Titan International, Inc. in filing petitions for relief from imports of off-the-road… Read More
« Previous 1 … 240 241 242 243 244 … 278 Next »