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
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Is Cuba Really Open for Business?
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Canada Signs International Trade Deals, But Still Hasn’t Achieved Single Internal Market
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Upturn in Global Trade Projected by HSBC
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U.S.-Based Airgas Acquired by France’s Air Liquide
French industrial gas producer Air Liquide has finalized a successful bid to acquire U.S. counterpart Airgas in deal valued at about $10.3… Read More
Trade Index Shows Declines in Europe-Based Lanes
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International Monetary Fund Includes Chinese Renminbi in SDR Basket
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South Carolina Ports See Container Growth
The South Carolina Ports Authority has seen its fiscal year-to-date container volume increase of seven percent, with 678,033 twenty-foot equivalent… Read More
Kenya’s FSG Acquires Transit Freight Forwarding in South Africa
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It is now one year since G20 governments made the commitment, in the G20 Beneficial Ownership Transparency Principles, to dismantle the… Read More
Where In The World Does China Think It Is Going?
The standard of living of the average Chinese was so poor 30 years ago that China could only grow by… Read More
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