International Trade

NAFTA deal with Mexico, not Canada

President Donald Trump, accompanied by Secretary of State Mike Pompeo, left, attends a cabinet meeting in the Cabinet Room of the White House, Thursday, Aug. 16, 2018, in Washington. (AP Photo/Andrew Harnik) WASHINGTON – The Trump administration is close to striking a deal with Mexico on a revamped North American Free Trade Agreement, analysts said, but thorny issues are yet to be resolved with Canada, the third party in the trilateral pact. Reaching an agreement with Mexico would mark a…

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Missouri U.S. Senate candidates have sharp differences on trade war

An issue that’s front and center in the Missouri U.S. Senate race is the trade war, especially given that agriculture is estimated to be an $88.4 billion industry in the state. The tariffs have hit commodities such as soybeans, which have dropped in value by 20% since the Trump administration carried out trade sanctions against China. Various manufacturers in the state have also been hit hard.  Mid Continent Nail Corporation in Poplar Bluff has been devastated by a 25% tariff…

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In defence of Palm Oil – Palm Voices

MALAYSIA is a country that is built for business and trade. We are relatively small geographically and in population terms, but we have a dynamic economy, a skilled and educated workforce, and we are situated at the crossroads of strategically important trading routes. It is therefore natural that Malaysia’s trade, as a percentage of GDP, is 133% – compared with a global average of just 56%. As Malaysia’s business leaders look around the world, it is clear that there is…

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Trump ‘in no rush’ to conclude NAFTA talks as Mexico’s deadline looms

Exactly one year after NAFTA talks began, the odds of an accelerated conclusion before the end of the summer appeared as mixed as ever on Thursday.   U.S. President Donald Trump staged a photo opportunity with his cabinet members and offered his take on the renegotiation of the North American Free Trade Agreement (NAFTA). “I’m in no rush. We want to make the right deal,” he said, backing off expectations that an American deal was imminent with Mexico, as two-way talks persevere through their fourth week.…

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1D1F: High cost of energy threatens successful implementation

The initiative by the present government to situate factories in the various districts in Ghana has been widely commended as a laudable initiative aimed at solving the unemployment situation in the country. This is because the alarming rate of joblessness among the youths in Ghana continues to pose a major threat to national security. Needless to say, unemployment serves as breeding grounds for the perpetuation of crimes by energetic youths. One District one factory (1D1F) has the potential of boosting…

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George Will: Markets know better than bureaucrats what society needs

WASHINGTON — Governments, seemingly eager to supply their critics with ammunition, constantly validate historian Robert Conquest: The behavior of any bureaucratic organization can best be understood by assuming that it is controlled by a secret cabal of its enemies. Consider North Carolina’s intervention in the medical-devices market. Born in India, Dr. Gajendra Singh is an American citizen and a surgeon in Winston-Salem who wants to supply something useful for which there is a strong demand. North Carolina’s government is, however,…

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Sri Lanka : Possibility to amend the Sri Lanka FTA with Singapore within a year

* Possibility to amend the Sri Lanka FTA with Singapore within a year – Minister Thu, Aug 16, 2018, 11:23 pm SL Time, ColomboPage News Desk, Sri Lanka. Aug 16, Colombo: The Sri Lanka – Singapore Free Trade Agreement (SLSFTA) signed in January this year can be amended within a year if it has any detrimental effect on the country and the economy, a senior minister of the government said. Sri Lanka’s Minister of Ports and Shipping Mahinda…

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City set to tackle price gouging during expo

THE Shanghai government will launch price control measures involving local hotels, online car hailing and public parking lots during the China International Import Expo in a bid to stymie the price gouging of visitors. According to the government announcement, the price intervention will be carried out between October 26 and November 14. During this period, the prices of hotel rooms should never exceed the highest price of similar rooms between October 1 and November 30 last year. Newly opened hotels…

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Rangel Again Calls For U.S. Normalization Of Relations With Cuba

Rep. Rangel [National] Echoing the increasing support for ending the Cuban embargo, including former Floridan Governor Charlie Crist who once opposed the idea, Congressman Charles B. Rangel reiterated his call for the free exchange of people, goods and ideas between the U.S. and Cuba. Rangel (D-New York) has repeated introduced bills that would open trade between the two countries, lift travel restrictions on Cuba, and increase exports to the island nation. During his appearance last Friday on HBO’s “Real Time…

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New Orleans Law Firm Wallace Meyaski offers unique “fixed fee” General Counsel services for small & mid-sized companies – International Trade News Today

New Orleans Law Firm Wallace Meyaski offers unique “fixed fee” General Counsel services for small & mid-sized companies – International Trade News Today – EIN News Trusted News Since 1995 A service for international trade professionals · Thursday, August 16, 2018 · 458,861,051 Articles · 3+ Million Readers News Monitoring and Press Release Distribution Tools Press Releases Events & Conferences Source link

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China, U.S. to hold lower-level trade talks in late August

BEIJING (Reuters) – China will hold a fresh round of trade talks with the United States in Washington later this month, Beijing said on Thursday, offering a glimmer of hope for progress in resolving a conflict that has set world financial markets on edge. A Chinese delegation led by Vice Minister of Commerce Wang Shouwen will meet U.S. representatives led by Under Secretary of Treasury for International Affairs David Malpass, the Ministry of Commerce said in a statement on its…

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Markets are a better barometer of society’s needs than bureaucrats

<![CDATA[ ]]> Opinion: August 16, 2018 at 12:00a.m. WASHINGTON Governments, seemingly eager to supply their critics with ammunition, constantly validate historian Robert Conquest: The behavior of any bureaucratic organization can best be understood by assuming that it is controlled by a secret cabal of its enemies. Consider North Carolina’s intervention in the medical-devices market. Born in India, Dr. Gajendra Singh is an American citizen and a surgeon in Winston- Salem who wants to supply something useful for which there is…

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BUSINESS NEWS IN BRIEF 16/8

Vietnam firms join Tamil Nadu food expo in India Seven Vietnamese enterprises are showcasing their products at Vibrant Tamil Nadu – Global Expo & Summit 2018 in the Indian state of Tamil Nadu, which runs from August 12-15. The food and beverage expo also features nearly 200 Indian firms and representatives from 29 other nations. Several workshops on food, processed food and beverages and measures to boost the sector’s development have been held at the event, along with meetings between…

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Japan export growth slows as U.S.-bound shipments fall

By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s export growth slowed more than expected in July as shipments to the United States fell for a second straight month, with the automotive sector down sharply as global trade disputes cast doubts over the strength of foreign demand. Ministry of Finance (MOF) data out on Thursday showed exports rose 3.9 percent year-on-year in July, far below a 6.3 percent increase expected by economists in a Reuters poll. The rise followed a 6.7 percent…

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Tariffs Could Cost Fruit and Nuts $3 Billion

Falling ag exports to China, India, Mexico and Turkey expected to lower prices The ongoing international trade turmoil between the U.S. and other countries has prompted import tariffs on many U.S. agricultural commodities in important export markets, which could hurt U.S. farmers. A new report released by the University of California Agriculture and Natural Resources’ Agricultural Issues Center estimates the higher tariffs could cost major U.S. fruit and nut industries $2.64 billion per year in exports to countries imposing the…

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NIMASA trains 2,337 seafarers to boost maritime sector – Peterside –

The Nigeria Maritime Administration and Safety Agency on Wednesday said it had trained 2,337 Nigerians as seafarers to enhance the performance of the maritime industry.Dr Dakuku Peterside, the Director-General of NIMASA, said the aim was to empower them with the sea time experience required by the industry players before engaging them in the shipping sector.Peterside made this known at a news conference in Lagos on the national maritime regulatory agency’s achievement within one year.According to him, the organisation is committed…

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