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| WTO asked to settle U.S., India ag dispute |
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Monday, May 14, 2012
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The United States on Friday asked the World Trade Organization to establish a dispute settlement panel to decide U.S. claims regarding India’s restrictions on imports of various U.S. agricultural products, including poultry meat and eggs. While India asserts that its measures are aimed at preventing entry of avian influenza, the United States claims India’s measures are inconsistent with the science, international guidelines, and standards India has set for its own domestic indu...
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| U.S. exports up 2.9% in March |
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Friday, May 11, 2012
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The U.S. Commerce Department on Thursday reported that exports of goods and services from the country in March were up 2.9 percent from February to reach a record $186.8 billion. Record highs were seen in U.S. exports of both total services ($54.1 billion), and goods ($132.7 billion), with record levels of exports of industrial supplies ($44.3 billion) and capital goods ($44.4 billion). U.S. goods and services exports year-to-date through the first quarter of 2012 were up 8.2 p...
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| Retailers push for Lacey Act revisions |
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Wednesday, May 09, 2012
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Retailers on Tuesday advised the House Committee on Natural Resources' subcommittee on fisheries, wildlife oceans and insular affairs that several significant compliance challenges have emerged from the 2008 Lacey Act Amendment that deserve attention from Congress. The law requires importers to provide to U.S. Customs and Border Protection and the Animal Plant and Health Inspection Service details such as the genus, species and country of harvest for products that include wood m...
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| Lawmakers: Hands off ‘Buy American’ policies |
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Monday, May 07, 2012
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A group of House lawmakers told President Obama not to compromise on the country’s “Buy American” procurement policies during Trans-Pacific Partnership agreement talks. Under the proposed TPP framework, individual states and the federal government would be required to bring existing and future domestic policies into compliance with the agreement. One of the 26 TPP chapters specifically covers government procurement policy. “Failure to conform our...
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| U.S. spotlights China’s new solar trade supports |
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Monday, May 07, 2012
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China’s new five-year plan for its solar industry threatens to further incapacitate U.S. domestic and world market share, an industry group warned. "The Chinese government launched a trade war against the U.S. domestic industry, took over the leadership of the largest American industry trade association and began driving U.S. solar manufacturing pioneers out of business," said Gordon Brinser, president of SolarWorld Industries America, the largest U.S. solar manu...
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| Lumber shipper 'begging' for capacity |
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Friday, May 04, 2012
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Ocean capacity for export lumber shippers is tight these days, according to Curtis Struyk, president of Carolina Ocean Lines and a founder of the U.S. Lumber Shippers Association. Speaking on a panel about U.S. export expansion at the Virginia Maritime Association’s International Trade Symposium Thursday, Struyk said he has to scrounge for capacity aboard vessels and can’t see why lines won’t serve his business. “I understand that repositioning contai...
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| Ralph: Economic bright spots exist |
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Friday, May 04, 2012
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Looking for a light at the end of the economic tunnel? Economist Bill Ralph said Thursday there are signs that confidence is growing among consumers and that he’s projecting containerized trade to grow 5 to 7 percent on the transpacific this year. Ralph, president of the transportation and logistics consultant R.K. Johns & Associates, delivered the morning keynote Thursday in Norfolk, Va. at the Virginia Maritime Association’s International Trade...
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| Yodel adds new service offering |
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Friday, May 04, 2012
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Yodel has unveiled a new service in response to changing conditions in the online delivery market and demand for increased flexibility. While pushing further into the online shopping business, Yodel, one of the United Kingdom’s larger delivery companies, has announced plans to alter its service in response to consumer service demands and increasing needs for flexilibity. The changes will include a six-day week for Yodel service, increa...
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| OECD says freight volumes could quadruple by 2050 |
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Thursday, May 03, 2012
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A new report, Transport Outlook 2012 , prepared for the Organization for Economic Cooperation and Development's International Transport Forum in Leipzig this week, says that while the short-term outlook for trade and freight is bleak, "the conditions for returning to growth do exist." "The impact of the current economic crises could well be a permanent loss of output rather than a direct return to pre-crises growth paths but global passenger transport volumes could grow to...
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| Solar industry forms global trade group |
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Thursday, May 03, 2012
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Seven chief executives from the solar power industry on Wednesday announced the formation of an association to expand global trade in their companies' products. Global Solar Council members will engage policymakers worldwide to demonstrate the importance of a supportive policy and trade environment, which will enable the ongoing development of competitively‐priced solar energy, driving job creation and economic growth. “Through its members, the Global Solar Council ...
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| Senate argues against yarn-forward rules in TPP talks |
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Wednesday, May 02, 2012
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Members of the Trans-Pacific Partnership Apparel Coalition on Tuesday lauded a group of 15 U.S. senators who sent a letter to President Obama urging him to push for modern and flexible rules in the TPP, a multilateral trade agreement being negotiated among a cadre of Pacific nations. The senators asked the administration to abandon a push for the so-called “yarn-forward” rule of origin, saying it restricts textile and apparel trade among TPP partners. The bipartisan...
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| U.S. industry wants sugar on TPP table |
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Tuesday, May 01, 2012
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More than a dozen industry associations has asked the Obama administration to include sugar as part of the comprehensive free trade negotiations between the country members of the Trans-Pacific Partnership. “We believe that for purposes of the TPP, all products and subject areas should be on the negotiating table regardless of any less-than-comprehensive free trade agreements that may already exist among two or more of the parties. In particular, sugar should not be excluded fro...
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| Ex-Im Bank renews Africa insurance program |
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Monday, April 30, 2012
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The U.S. Export-Import Bank on Friday announced a three-year renewal of its Short-Term Africa Initiative (STAI) that provides export-credit insurance for U.S. exporters selling to 18 countries in sub-Saharan Africa, up to a program limit of $100 million. The initiative is renewed through March 31, 2015. The bank also anticipates expanding the availability of its export financing in three sub-Saharan African countries: Cameroon, Ethiopia and Tanzania. Ex-Im Bank's b...
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| U.S. supports Colombian river port study |
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Thursday, April 26, 2012
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The U.S. Trade and Development Agency has awarded a $550,000 grant to Terminal Fluvial Andalucía, S.A. (Andalucia River Terminal or "TFA") for a feasibility study to determine the technical and financial viability of a new inland river port along Colombia’s Magdalena River. The feasibility study will also include the preparation of preliminary design documents for the river port. TFA, a subsidiary of Grupo Puerto de Cartagena (GPC), plans to build and operate an inland riv...
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| Wilmington, DE handles REpower wind blades |
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Wednesday, April 25, 2012
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The Diamond State Port Corp., operator of Delaware’s Port of Wilmington, on Monday handled its first shipment of wind turbine blades manufactured by REpower Systems SE. The cargo arrived on the vessel Star Hansa , and 45 blades, each measuring more than 147-feet long, were discharged. The blades will be trucked to the Twin Ridges Wind Farm in Somerset County, Pa. Upon completion, the wind farm will consist of 68 turbines capable of generating 2.05 megawatts of electri...
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| FDA continues global import safety push |
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Wednesday, April 25, 2012
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The U.S. Food and Drug Administration has released its Global Engagement Report, detailing the many activities and strategies the agency is currently using to transform itself from a domestic to a global public health agency. Specifically, the report describes steps FDA is taking to ensure that imports of food, drugs, medical devices, and other regulated products meet the same rigorous standards for safety and quality as those manufactured domestically. “As our wor...
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| Stifel: Ocean freight steadily stabilizing |
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Tuesday, April 24, 2012
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Ocean freight levels have remained “soft” through April, though they're stronger than in March, according to the latest Stifel Nicolaus Logistics Confidence Index. The index is a partnership between Stifel Nicolaus and U.K.-based Transport Intelligence and is based on a monthly survey of international shippers and forwarders to gauge the level of freight activity in several European-based international trade lanes. “All trade lanes showed sequential improvement over...
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| Report highlights rising metal theft |
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Tuesday, April 24, 2012
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Significant theft of metals in the United States has increased by 254 percent, from 13 thefts in the fourth quarter of 2011 to 46 incidents in the first quarter of 2012, according to a report from FreightWatch International, a logistics security company. Freightwatch says there were more metal thefts in the first quarter than all of 2010 and over half of all metal thefts recorded in 2011. "Theft of copper and other metals is not unique to the United S...
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| U.S. State Dept. funds IPR training programs |
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Monday, April 23, 2012
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The U.S. Department of State on Thursday announced $2.6 million in funding to help train foreign governments on investigating and prosecuting intellectual property rights crimes in Asia, Latin America and sub-Saharan Africa. Workshops and training seminars will be conducted for customs authorities, judges, prosecutors, police, and other enforcement officials in Mexico, Chile, and Colombia A dozen projects were selected for training and technical assistance with inp...
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| Honda picks Jaxport for CR-V exports |
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Monday, April 23, 2012
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American Honda Motor Co. has started shipping new CR-Vs manufactured at its plant in East Liberty, Ohio, to the Port of Jacksonville for export to the Middle East, Africa and Puerto Rico, the port authority said. After evaluating several ports, Honda selected Jacksonville and auto processor AMPORTS to receive, prep and load the new CR-Vs on car carriers. AMPORTS operates a 141 acre facility at the Blount Island Terminal. Rail service is provided by CSX Transporta...
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| U.S. shippers visit Libya |
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Monday, April 23, 2012
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Members of the U.S.-Libya Business Association (USLBA) on Saturday arrived in Libya to begin a five-day trade and investment delegation visit. The delegation includes 37 representatives of 20 U.S. companies and organizations. The group represents a wide range of U.S. industry sectors, including healthcare, education administration, training, energy, construction, logistics, infrastructure, construction support, vehicles and equipment, transportation, public safety, agriculture,...
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| ITC hammers UAE on nails |
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Friday, April 20, 2012
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The U.S. International Trade Commission on Thursday determined that imports of certain steel nails from the United Arab Emirates have materially injured the domestic steel nail industry. The case was brought before the ITC by Mid Continent Nail Corp., one of nine remaining domestic steel nail manufacturers. The case alleged that unfairly low-priced steel nail imports from the UAE have materially injured the U.S. industry. Prior to Thursday’s vote, the Commerce...
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| USDA to allow Chilean pomegranate imports |
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Friday, April 20, 2012
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The U.S. Department of Agriculture’s Animal and Plant Health Inspection Service is amending its regulations to allow the import of Chile-grown pomegranates into the United States, effective May 17. The agency said these imports are subject to the “systems approach.” Under this approach, the fruit must be grown at a site that is registered with Chile’s national plant protection organization and certified as having a low prevalence of Brevipalpus chilensis. The fruit must also un...
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| U.S.-Colombia FTA takes effect May 15 |
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Tuesday, April 17, 2012
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The White House announced Monday that the U.S.-Colombia Trade Promotion Agreement will take effect on May 15. The announcement follows completion of work by the United States and Colombia to review each other’s laws and regulations related to the agreement's implementation, as well as Colombia’s steps to deal with labor rights. Before President Obama’s announcement, U.S. Trade Representative Ron Kirk exchanged letters with government officials in Colombia in which each country c...
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| Washington Notebook: Obama touts trade at Port of Tampa |
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Tuesday, April 17, 2012
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President Obama visited the Port of Tampa Friday and spoke about the benefits of trade with Latin America on his way to the Summit of the Americas in Colombia. The president reiterated that increasing exports to the rest of the world is a part of his plan to help restore American manufacturing and create jobs. "Part of building that economy is making sure that we're not a country that's known just for what we buy and what we consume. After all,...
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| U.S. exports hit $181.2 billion in February |
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Friday, April 13, 2012
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The U.S. Commerce Department on Thursday reported that the country’s goods and services exports in February were up 0.1 percent from January to reach a record $181.2 billion. In addition, record highs were seen in U.S. exports of total services ($53.2 billion), and capital goods exports ($43.2 billion). The trade deficit narrowed by $6.5 billion from January to February, to $46.0 billion. This reflected a $6 billion decrease in the goods trade deficit and a $0...
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| U.S. shuts down online sellers of counterfeit apparel |
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Thursday, April 12, 2012
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The U.S. Justice Department announced Tuesday that it has seized more than $896,000 in proceeds from the distribution of counterfeit sports apparel and jerseys sold online and seized seven domain names engaged in the sale of fake goods. The investigation of the fraudulent sales is part of Operation In Our Sites, led by the Department of Homeland Security's Immigration and Customs Enforcement, which targets online retailers of counterfeit goods. Since June 2010, 758 d...
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| Sweetener firms urge immediate TRQ increase |
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Thursday, April 12, 2012
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The Sweetener Users Association has continued its campaign to get the U.S. Department of Agriculture to increase the country’s tariff-rate quota for raw and refined sugar imports. “World Agricultural Supply and Demand Estimates sharply illustrate the need for a substantial and immediate increase in the tariff-rate quotas (TRQs) for raw and refined sugar, as well as a reallocation of existing TRQs and other steps, in order to assure adequate supplies at reasonable prices during t...
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| Sweet! Big ship due in Baltimore today. |
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Monday, April 09, 2012
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Baltimore's Domino Sugar refinery said it planned to make history Monday by receiving the largest single raw sugar shipment to be delivered to any port east of the Mississippi. The company said it will set a record by receiving more than 95 million pounds of raw sugar from Guatemala, just six weeks short of the factory's 90th anniversary. The sugar will arrive on the Simon Schulte , a handymax bulk carrier with a capacity of 45,320 deadweight tons. T...
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| Global import safety cooperation urged |
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Friday, April 06, 2012
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A report released this week by a committee of the Institute of Medicine urged the U.S. Food and Drug Administration and its overseas counterparts from the top industrialized nations to work together to help developing countries improve their regulatory systems for food and drug oversight. The discovery of a counterfeit version of the cancer drug Avastin earlier this year further underscored the challenges for U.S. regulators as imports increasingly dominate the American mar...
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| EU seeks input on trade defense modernization |
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Friday, April 06, 2012
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The European Commission’s Directorate-General for Trade is starting work on the modernization of the European Union’s trade defense operations — mainly antidumping and countervailing duties, safeguards, and similar protections — and seeks input from importers, producers, and other companies that deal with cross-border trade. Trade defense instruments in this case are largely the means that governments and companies use to address what they feel as unfair international tradi...
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| Thailand industry seeks better rail |
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Monday, April 02, 2012
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Thailand is seeing its logistics costs remain high as the country struggles with transporting goods around its geography. The nation is now looking to rail as a way to address costs and shipments. The nation currently sees 83 percent of moves delivered within the country while rail accounts for only 2 percent. The country’s National Economic and Social Development Board recently gave a seminar on data for logistics development where its deputy secretary-general Arkhom Termp...
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| Bryson touts U.S. role in India development |
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Thursday, March 29, 2012
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U.S. Commerce Secretary John Bryson promoted partnerships between U.S. and Indian businesses as he discussed the U.S.-India trade relationship during meetings with several Indian government officials in New Delhi Tuesday during a five-day trade mission to India. “It’s clear that if American and Indian businesses work together, we can build India’s infrastructure in a way that brings inclusive growth, greater prosperity, and job creation in both countries,” Bryson said. “U.S. co...
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| Sweetner users want TRQ for sugar raised |
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Thursday, March 29, 2012
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A group of sweetner users asked the U.S. Department of Agriculture on Wednesday to “take immediate action on April 1 to increase the tariff rate quota (TRQ) for sugar, and simultaneously work with the Office of the U.S. Trade Representative to reallocate known shortfalls under the current quota.” “The U.S. market needs substantial additional supplies of sugar, and a TRQ increase is the only way to provide adequate supplies at reasonable prices,” said the Sweetner Users Associat...
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| Deals highlight interest in pharma logistics |
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Tuesday, March 27, 2012
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Interest in providing logistics services to life science companies remains high, as highlighted by two recent acquisitions of companies in the same-day and overnight delivery business. Earlier this month AmerisourceBergen Corp. of Valley Forge, Pa., announced plans to buy World Courier Group of Stamford, Conn. for $520 million in cash. AmerisourceBergen, one of the three largest drug distribution companies along with Cardinal Health and McKesson, said it expected to close o...
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| U.S. adds South Sudan to GSP, removes Argentina |
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Tuesday, March 27, 2012
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The White House through presidential proclamation on Monday designated the Republic of South Sudan as a new beneficiary of the Generalized System of Preferences (GSP) and suspended Argentina from eligibility in the trade program. “The president’s designation of the Republic of South Sudan as a GSP beneficiary country provides an opportunity for this newly independent nation to use trade to boost its economic development and, we hope, will encourage it to continue needed economic...
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| AgTC draws Korea ag origin certificate |
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Friday, March 23, 2012
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The Agriculture Transportation Coalition (AgTC) said Thursday it has prepared a certificate of origin for agriculture products for use on shipments to South Korea now that a free trade agreement between the United States and South Korea has kicked in. Under the agreement, which became effective March 15, South Korean import duties on U.S. agriculture and forest products have been reduced, and in some cases eliminated. For exports to qualify, they must show that the product's cou...
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| CargoNet reports 17% rise in cargo theft |
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Thursday, March 22, 2012
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CargoNet, a source for cargo theft information, said it recorded 1,215 cargo theft incidents last year, 17 percent more than the 1,035 in 2010. Its annual report said 116 incidents involved base metals, 229 electronics, 105 apparel and accessories, and 200 prepared foodstuffs and beverages. Most cargo theft incidents occurred on Fridays (227), Saturdays (202), and Sundays (198) at locations such as truck stops, carrier/terminal lots, and unsecured pa...
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| U.S. finds China subsidizes solar panel exports |
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Wednesday, March 21, 2012
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A Commerce Department investigation on Tuesday determined China subsidizes its exports of crystalline silicon photovoltaic cells, and said U.S. imports of these products should be subject to countervailing duties. The countervailable subsidies in China range from 2.9 to 4.73 percent. According to Commerce, Wuxi Suntech Power Co. received a preliminary subsidy rate of 2.9 percent, while Changzhou Trina Solar Energy Co. obtained a subsidy rate of 4.73 percent. All other...
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| Bryson leads trade mission to India |
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Wednesday, March 21, 2012
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Bryson U.S. Commerce Secretary John Bryson will lead a trade mission of 16 companies to India on March 25-30, making stops New Delhi, Jaipur and Mumbai. During the mission, Bryson will meet with senior Indian government officials to advocate for U.S. export opportunities in India’s rapidly expanding infrastructure sector, and promote investment opportunities in America – both priorities of the Obama administration. The companies attending the mission include Autode...
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| U.S. Coast Guard steps up Arctic activity |
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Tuesday, March 20, 2012
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The U.S. Coast Guard is stepping up its activity in the Arctic in response to increased shipping activity and oil exploration, said Sally Brice-O'Hara, the agency's vice commandant. Speaking Monday at the Connecticut Maritime Association's Shipping 2012 conference in Stamford, Brice-O'Hara said the Coast Guard is watching as new trade routes emerge, noting there was "some success this year with north sea routes along the coast of Russia." Sh...
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| SF reorganizes FTZ under new rule |
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Friday, March 16, 2012
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The U.S. Commerce Department has approved the Port of San Francisco’s request to reorganize its Foreign Trade Zone (FTZ) #3 under the Alternative Site Framework (ASF) program, a process that requires less paperwork and modernizes the process for businesses to apply for the zone. The ASF is part of a new rule that allows companies to secure FTZ status in about 30 days after the acceptance of their application. The rule applies to new and existing companie...
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| Indian 3PL market set to boom |
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Thursday, March 15, 2012
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India is seeing an increased demand for the third party logistics services due to a new focus on supply chain management and bids for deeper market penetration, according to a new report from RNCOS. RNCOS’ 3rd Party Logistics Market in India says India has seen a continuous improvement to its logistics infrastructure which has had the effect of making 3PL services perceived as a better way to control internal and external processes. Consumer elecontrics an...
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| U.S. imports fell 3.4% in February |
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Wednesday, March 14, 2012
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U.S. containerized imports fell 3.4 percent year-on-year in February, according to the trade intelligence firm Zepol Corp. The total number of shipments in February fell 2.7 percent from the same month in 2011. Imports by volume declined 17.5 percent from January 2012. “For the past five years, the month of February tends to have the least amount of shipments and usually falls from January imports,” Zepol said. “This is partly due to its fewer number of days.” &nbs...
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| Mobile sees steel volumes booming |
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Wednesday, March 14, 2012
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The Alabama State Port Authority said the Pinto Terminal in the Port of Mobile began handling the largest import steel shipment in the port's history on Tuesday. The vessel Shi Dai is delivering 4,259 carbon steel slabs weighing in at 94,210 metric tons. Jimmy Lyons, director and chief executive officer for the port authority, said volumes at Pinto "are skyrocketing as the ThyssenKrupp rolling mill continues to ramp production. We’ve long known this mill a...
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| Coalition seeks permanent trade relations with Russia |
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Wednesday, March 14, 2012
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More than 150 trade groups on Tuesday appealed to Senate lawmakers to establish permanent trade relations with Russia. The Coalition for U.S.-Russia Trade, which comprises businesses from a wide range of industries, advocates proposed legislation for the graduation of Russia from the Jackson-Vanik amendment to the 1974 Trade Act, enabling Congress to approve permanent trade relations with Russia before the country’s expected entry into the World Trade Organizatio...
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| Rare earth trade fight goes to WTO |
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Wednesday, March 14, 2012
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The United States, Japan and European Union on Tuesday requested World Trade Organization consultations to settle an increasingly nasty dispute over China’s restrictions on exports of various rare earth metals, tungsten and molybdenum. These metals are used heavily in the electronics industry. China reportedly controls more than 95 percent of these metal inputs. China has arduously defended its export policy for rare earth metals, citing environmental concerns asso...
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| U.S. truck tonnage falls 4% in January |
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Thursday, March 01, 2012
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U.S. trucking volumes fell back sharply in January. The American Trucking Associations' preliminary truck tonnage index of for-hire fleets dropped 4 percent to 119.4 in the first month of 2012 after advancing 6.4 percent, to a record 124.4 in December. The index is based on a survey of member companies and is adjusted to account for seasonality. The index increased 3.6 percent compared to the same month a year earlier, representing a more accurate picture of the improving healt...
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| Cambon: Carriers engaged in 'value destruction' |
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Thursday, February 23, 2012
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Shippers on the Asia-Europe trade lane should be ready for some sizable changes on their trade from March, as a new set of service alliances commences. Mediterranean Shipping Co. and CMA CGM, the world’s second and third larges container lines, have joined forces on the Asia-Northern Europe trade, as have members of the New World and Grand alliances. A third power group, composed of Evergreen Line and the CKYH Green Alliance members has also formed. Cambon American...
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| U.S.-South Korea FTA enters force March 15 |
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Wednesday, February 22, 2012
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The White House on Tuesday said the U.S.-South Korea free trade agreement will enter into force on March 15. The announcement followed the completion over the President’s Day weekend of work by the United States and South Korea to review each other’s laws and regulations related to the implementation of the agreement. The United States has exchanged diplomatic notes with South Korea in which each side confirmed that they had completed their legal requirements and proc...
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| Shipping analyst sees brighter 2012 for Asia-U.S. trade |
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Wednesday, February 22, 2012
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Trenck A leading shipping analyst said last week he expects the transpacific trade to perform better in 2012 than it did in 2011. “I feel better about the U.S. short-term than many other areas of the globe,” Charles de Trenck, founder of Hong Kong-based Transport Trackers, wrote in his 2012 forecast. “The political cycle is also bound to distort the picture – and may hurt prospects for needed deeper budget cuts. The U.S. in 2012 will be a year of politics when it would be tough...
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| SAP launches consumer app |
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Monday, February 20, 2012
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Last week, SAP launched its first consumer app, Recalls Plus. Recalls Plus addresses the often cumbersome process of tracking consumer goods recalls via a new engagement system with share options and social networking. It also allows consumers to track recalls on individual products, product categories, and food allergens on mobiles. While doing this, SAP brings this information to consumers directly, bypassing all manufacturers a...
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| Analyst: $13.1 billion for smart transport |
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Friday, February 17, 2012
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A study by Pike Research, a market research and consulting firm, found that intelligent transportation systems (ITS) will continue to see increased investment worldwide despite tightening purse strings. Pike estimates global investments in smart transport technology will reach $13.1 billion from 2011 through 2017. ITS, also called smart transportation systems, includes electric vehicles, vehicles with advanced telematics systems, new and ...
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| U.S., EU seal organic food trade |
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Thursday, February 16, 2012
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The United States and European Union on Wednesday announced that starting June 1 organic products certified in Europe or the United States may be sold as “organic” in either region. The United States and Europe are considered the world’s largest producers of organic crops, with a collective value of $52 billion (40 billion euros). The agreement’s signing took place at the BioFach World Organic Fair, the largest trade show for organic products in the world. &...
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| ITC: U.S. makers hurt by washers from South Korea, Mexico |
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Wednesday, February 15, 2012
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The U.S. International Trade Commission has determined that there is a “reasonable indication” domestic manufacturers of large residential washers imported from South Korea are allegedly subsidized and sold in the United States at less than fair value. The ITC also determined similar washers imported from Mexico, while not subsidized, are also sold at less than fair value in the United States. The commission made its determination in a 4-1 vote on Fr...
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| Wind turbine tower imports hurt U.S. makers, ITC says |
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Wednesday, February 15, 2012
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The U.S. International Trade Commission has determined there is a “reasonable indication” that domestic manufacturers of utility-scale wind turbine towers are injured by imports allegedly subsidized by China and from both China and Vietnam sold in the United States at less than fair value. The commission made its determination in a 5-0 vote on Friday. As a result, the Commerce Department will continue its investigations on imports of these products, wit...
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| U.S. trade deficit grows even with strong exports |
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Monday, February 13, 2012
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The U.S. trade deficit widened in December and for 2011 as a whole despite solid growth in exports, the U.S. Commerce Department reported Friday. December exports and imports totaled $178.8 billion and $227.6 billion, respectively, resulting in a goods and services deficit of $48.8 billion, up 3.7 percent from $47.1 billion in November. The December trade deficit compared to a year ago increased $8.3 billion, with exports up $14.8 billion, or 9 percent, and imp...
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| U.S., Peru urge end to yarn forward rule |
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Monday, February 13, 2012
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U.S. import and Peruvian export advocates last week sent a letter to Peruvian Foreign Trade Minister Jose Luis Silva and U.S. Trade Representative Ron Kirk urging elimination of a “yarn forward” rule of origin on apparel as part of the ongoing Trans-Pacific Partnership negotiations. The Peruvian Associación de Exportadores (ADEX) and members associations of the U.S. Trans-Pacific Partnership Apparel Coalition sent a joint letter on behalf of U.S. and Peru apparel producers, reta...
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| Drewry upbeat about ro/ro business |
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Thursday, February 09, 2012
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Drewry, a maritime research firm, said the car carrier industry is "better positioned than most others in the shipping industry, who suffer from large newbuilding orderbooks, to weather a double-dip recession." Publicizing a new report on the sector, Drewry said "the downturn hurt car-carrying vessels, with capacity utilization falling significantly," but added "operators are now less likely to charter tonnage for long periods, instead placing an emphasis on fu...
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| U.S., Vietnam to close $1.5 billion in finance deals |
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Tuesday, February 07, 2012
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Fred P. Hochberg, chairman and president of the U.S. Export-Import Bank, is meeting with Vietnamese government officials this week in Ho Chi Minh and Hanoi to boost U.S. commercial ties and business opportunities with the Southeast Asian country. In 2011, Ex-Im Bank authorized only about $1 million in financing to Vietnam. However, nearly $1.5 billion in infrastructure projects are currently in discussion, including satellite, thermal power, and renewable energy projects...
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