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.
Geopolitical Volatility Keeps Year to Date (YTD) Container Leasing Rates Elevated
A YTD analysis of global container leasing transactions by Container xChange shows a notable uptick in average rates since the… Read More
IMF: Decline in Commodity Prices Has Significantly Affected Low-Income Developing Countries
A recently-released International Monetary Fund (IMF) paper has found that the sharp decline in international commodity prices over the past… Read More
First Export Load From Gulf Coast of U.S. Crude Loaded
A 600,000 barrel cargo of domestic light crude oil was loaded at the Enterprise Hydrocarbon Terminal (EHT) on the Houston… Read More
Exports to Myanmar Eased by U.S.
In December, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued a six-month general license authorizing certain… Read More
Lake Charles LNG Project Receives FERC approval
A Lake Charles, Louisiana, liquefied natural gas export project has received approval from the U.S. Federal Energy Regulatory Commission (FERC)…. Read More
Iran Oil Exports Hit Six-Month High in December
Iran exported an estimated 1.26 million barrels a day (bpd) of crude oil in December, a six-month high. This comes… Read More
Australian Company Infratech Will Export Solar Power System to U.S. City
Infratech Industries, an Australian-owned and operated sustainable infrastructure company, has sold its floating solar system to the City of Holtville,… Read More
Export Crisis in India Non-Existent, Says Government
The Indian Ministry of Commerce and Industry says there is no cause for alarm from the recent decline in country’s… Read More
Detroit Auto Parts Manufacturer in Joint Venture With Chinese State-Owned Enterprise
Federal-Mogul Motorparts and China Automotive Import and Export Co. Ltd. (CAIEC), a nationwide state-owned automotive distribution network, have formed a… Read More
Vietnam’s Economic Recovery Yields Positive World Bank Outlook
Vietnam’s economy has weathered recent turbulence fairly well, says a recent World Bank report, released today, with GDP growth expected… Read More
Five Ways the Trans-Pacific Partnership Will Benefit Agriculture and Rural America
The Trans-Pacific Partnership (TPP), the largest multilateral trade agreement since NAFTA, will break down barriers to trade and create significant… Read More
Action on Cross-Border Parcel Delivery Needed to Boost European Online Shopping
A study published by the European Commission shows that crossborder parcel prices for national postal operators are almost five times… Read More
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