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One of the newest stories on the business frontier in Asia is Vietnam, which is well positioned to become the region’s manufacturing and trade hub across a range of sectors. Here’s what you need to know.
While we have placed international trade in a position of national importance, making every effort to expand and grow our trading relationships globally, our domestic trade remains limited, blocked by interprovincial barriers that cost our industries billions of dollars through their inefficiencies.
In late June, U.S. President Barack Obama signed the Trade Promotion Authority into law, ostensibly to give himself more leeway in negotiating international trade deals. The U.S.’ signing of the TPA has caused more than a ripple in U.S. ally Israel.
For all the talk about Canada being a trading nation, we aren’t when it comes to small and medium sized enterprises. While SME’s account for roughly 95 percent of all companies in Canada, and create 65 percent of all jobs, Canadian SME export rates are at less than 2 percent.
Competitive intelligence keeps a company informed about critical issues that might influence its profitability and ability to compete in the marketplace. It also enables decision makers to make more effective planning decisions.
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.
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.
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.
The debate over whether increased levels of international trade can lead to fewer world conflicts has been raging in political science and economics circles for years now.
I’ve been reading a lot in the news lately about the different protectionist trade measures countries around the world are taking in the name of safeguarding their local growers, producers and manufacturers.
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