Trending topics:
When President Obama announced in April that the U.S. State Department would finally be taking Cuba off the list of state sponsors of terrorism, it set in motion a sense of optimism that diplomatic relations and trade would soon go back to normal with the Caribbean island country. However, US – Cuba trade is off to a slow start.
The United States stands to benefit in trade from the growth of Asian economies such as Vietnam and Korea, British bank HSBC said in a report in late May. U.S. trade is expected to benefit strongly from an uptick in growth in China, Vietnam, India, and other countries in Asia.
Despite their loss in Congress this week, the vigorous opposition to TPP will continue when the actual treaty is finalized and presented to Congress for ratification. Is the TPP deal another giant sucking sound as former presidential candidate Ross Perot called the NAFTA agreement?
Make no mistake about it – sanctions enforcement is here to stay. We are at an important crossroads – the Department of Treasury’s Office of Foreign Asset Control is flexing its compliance enforcement muscle, along with the criminal prosecution capabilities of the Department of Justice.
In the years to come, we will look back on these days as the beginning of a new era of sanctions enforcement.
Katerina is a Senior Capacity Buyer for C.H. Robinson Worldwide Inc., where she helps businesses of all sizes make their supply chain and logistics smarter and more efficient.
As an import/export specialist Katerina has been involved in the global trade industry for over 13 years, with experience in international sales and communications, logistics and supply chain management.
The U.S. imported $232.9 billion worth of goods $187.8 billion, while only exporting $187.8 billion, resulting in a U.S. trade deficit of $51.4 billion. This deficit marked an increase of $15.5 billion – or 43.1% – over February 2015 numbers.
There are plenty of reasons why businesses branch out from local to international sales. Expanding your business by taking it to a new market offers a wealth of advantages and opportunities. You can grow sales, balance out seasonal instability, extend the life cycle of your products, and tap into a completely new market. However, making those first inroads in a new market is a significant challenge. So, how do you build trust in your company and your product in a new region?
As the U.S. enters into trade negotiations to create long-standing agreements with the European Union and with Asian partners, a debate is raging about whether or not international trade pacts are hurting or helping the U.S. middle class.
Maybe the all too familiar refrain of last year’s uncertainty has dampened our competitive spirit as Canada realigns its economic identity.
However, there are strong reasons to remain genuinely optimistic about the major prospects of Canadian SMEs on the global stage in 2015.
In the hopes of avoiding a drawn out or failed negotiation of the Trans Pacific Partnership (TPP), the U.S. Congress is negotiating legislation that would allow trade deals to be put on the fast track with few delays and even fewer amendments, also referred to as a trade promotion authority (TPA).
X
