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International Trade

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.

U.S global trade tariff

U.S. Increases Tariffs on Chinese Imports to Protect Domestic Industries

Today, U.S. Secretary of Commerce Gina Raimondo issued a statement supporting President Biden’s directive to the United States Trade Representative… Read More

Successful conclusion of EU-India trade talks would increase shipments of import cargo and shipments of export cargo between the two and would impact international trade, logistics, and supply chains.

German Ambassador Believes India-EU Trade Talks Will be Restarted Soon

Peter Buxbaum 4:00 AM  9/12/2015

Germany’s new ambassador to India has said that he expects the stalled India-European Union free trade agreement talks will resume… Read More

Minnesota is attracting significant federal STEP funding helping dozens of companies generate shipments of export cargo to overseas markets.

Minnesota Trade Office Awarded Over $500,000 from SBA for Export Promotion Program

Peter Buxbaum 5:00 AM  9/11/2015

The Minnesota Trade Office (MTO) has been awarded $564,132 from the U.S. Small Business Administration (SBA) to fund the Minnesota… Read More

Ocean carrier Carnival Cruise is prposing to build its own private port in the Bahamas and has ordered LNG powered ships which will carry passengers as well as related cargo which may include oth export cargo and import cargo.

Carnival Cruises Eyes New Private Port on Grand Bahama; Orders New LNG-Powered Ships

Haylle Sok 4:00 AM  9/11/2015

Carnival Corporation, parent of Carnival Cruise Lines, has presented the government of the Bahamas with a proposal to build a… Read More

Compromise on TTIP issues may hasten a deal leading to increased US-EU international trade and shipments of import cargo and shipments of export cargo between the trading partners.

U.S. May be Ready to Resolve Cheese Impasse to Clinch EU Trade Deal

Peter K. Yu and Irene Calboli 3:00 AM  9/11/2015

Next month, the European Union and the United States will likely resume their negotiation of the Transatlantic Trade and Investment… Read More

Prologis has sold its assets in Romania, warehouses that provided logistics processing to shipments of impiort cargo and shipments of export cargo.

Prologis Sells Logistics Park near Bucharest to Czech group CTP

Haylle Sok 8:00 AM  9/10/2015

Prologis, a U.S. company and the world’s largest owner of industrial space, recently sold the logistics park Prologis Park Bucharest… Read More

Despite some favorable conditions to the growth of ecommerrce in the Philippines, logistics infrastructure remains a concern, preventing the most efficient transportation and processing of shipments of import cargo for delivery to consumers.

Online Retail in the Philippines Spurred by Rising Internet and Smartphone Penetration

Peter Buxbaum 7:00 AM  9/10/2015

Rising smartphone and internet penetration are the major factors contributing to development of business-to-consumer (B2C) ecommerce in the Philippines while… Read More

WTO's Trade Facilitation Agreement is all about eliminating corruption at the border in connection with international trade shipments of export cargo and shipments of import cargo that are transported by air, ocean, rail, or truck,

Does Trade Facilitation Matter in the Fight against Corruption?

Evelyn Suarez 4:00 AM  9/10/2015

What does the World Trade Organization’s (WTO) Trade Facilitation Agreement (TFA) have to do with corruption? It has everything to… Read More

The question of whether Stoli vodka is imported into the U.S. from Latvia or imported from Russia has landed the company at the crossroads of international trade, social issues, and geopolitics.

Vodka, Gay Rights, and the New Cold War

John Freivalds 9:00 AM  9/9/2015

Stolichnaya vodka has been a trademark product of Russia since 1950. It’s as Russian a symbol as Jim Beam Bourbon… Read More

A survey of 500 CEOs and senior executives by management consulting firm A.T. Kearney shows East Asia and Latin America were the regions they had most faith in, as well as India which is luring more manufacturing with its seven percent economic growth rate.

Senior Executives See Growth Opportunities in Emerging Markets

Peter Buxbaum 6:00 AM  9/9/2015

Emerging markets may been pummeled in the financial world this year, but a survey of 500 CEOs and senior executives… Read More

Companies that are proactive in puttng plans in place to deal with events that impact logistics, supply chain, and transportation have a better chance of mitigating their effects.

The Aftermath of Tianjin: It’s Worse Than you Think

Peter Buxbaum 9:00 AM  9/8/2015

The global supply-chain impact of the August 2015 Tianjin, China, explosions extends far beyond that of a significant but routine… Read More

International trade is one of the drivers of ecommerce growth in Thailand. Better delivery options provided by logisitics and transportation companies would help spur further growth.

Mobile, social, and cross-border commerce driving online retail in Thailand

Haylle Sok 7:00 AM  9/8/2015

A new report by market research firm yStats.com describes the current state, trends and prospects of the online shopping market… Read More

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