Archive by Author

Will China’s Belt and Road Initiative (BRI) boost our trade?

20 Sep

September 19, 2017 – Since China’s President Xi Jinping announced the BRI last year, the first nine months of 2016 alone witnessed Chinese companies signing 4,000 engineering contracts, with a combined value of nearly USD70 billion. By investing in rail, ports and power plants along centuries-old silk routes, China is seeking to stimulate cross-border trade. […]

Israel and China sign $300 million ‘clean-tech’ trade agreement

18 Sep

September 17, 2017 – AgFunder reports that Israel and China have signed a $300 million trade agreement meant to boost the export of Israeli environmental-friendly energy and agricultural technologies to China, Israel’s Finance Ministry said on Monday. Foreign Minister Moshe Kahlon was in Beijing to sign the “clean-tech” deal which builds on past agreements, the […]

North Dakota’s Big Iron International Visitors Program draws visitors from 15 countries

14 Sep

September 13, 2017 – North Dakota is hosting over 75 international visitors from 15 countries this week as part of the Big Iron International Visitors Program, the portion of the Big Iron Farm Show connecting international equipment buyers with North Dakota businesses. The International Visitors Program (IVP) runs Sept. 11-14 and is organized by the […]

Farm income up for the first time since 2013

8 Sep

September 9, 2017 – AgFunder reports that net income for US farmers is predicted to increase this year for the first time in four years, according to the USDA. Crops, livestock, and dairy are set to see a 3.1% bump which the USDA attributes to sales of grain inventory and increased livestock and milk revenue. […]

TPP talks continue without the US, revisions being discussed

8 Sep

September 8, 2017 – Without US influence in the Trans-Pacific Partnership (TPP), the 11 remaining countries are moving forward after a stall caused by the US’s withdrawal from the trade agreement in January. Representatives from the 11 participating countries met in Sydney, Australia last week to renew negotiations. Reuters is reporting that Vietnam has asked […]

Hurricane Irma affects package, mail deliveries on Atlantic coast

8 Sep

September 7, 2017 – In a statement from Access Worldwide, it was noted which cities will be affected for deliveries. Florida, Georgia and South Carolina are all preparing for the storm to make landfall, as Irma is currently on track to slam the US mainland over the weekend. This summary will impact the processing and […]

Intermodal and rail carload volumes up

7 Sep

September 7, 2017 – SmartPort Kansas City reports, “The Association of American Railroads (AAR) reported US rail traffic was up 2.7 percent compared with the same week last year. Total carloads were up 0.3 percent compared with the same week in 2016, while US intermodal volume was up 5.1 percent when compared to 2016. Carload […]

Heartland economy and exports continue growth

6 Sep

September 6, 2017 – A monthly survey of business supply managers suggests business conditions improved in August and that more export and economic growth lies ahead for the Heartland states, according to a report released Friday. The Mid-America Business Conditions Index rose to 57.5 in August from 56.1 in July, the report said. The June […]

Is Canada getting out of line on NAFTA?

6 Sep

September 5, 2017 – First it was softwood lumber, then US dairy farmers. Now it’s dispute resolution, environmental and labor demands – even gender and LGBT rights. “It appears the Canadian government under the direction of its liberal Foreign Minister, Chrystia Freeland, and chief NATA negotiator, Steve Verheul, are deliberately trying to further complicate NAFTA […]

Exports continue solid growth in August

5 Sep

September 4, 2017 – Economic activity in the manufacturing sector expanded in August, and the overall economy grew for the 99th consecutive month, according to the nation’s supply executives in the latest Manufacturing ISM® Report On Business®. New export orders grew for the 18th consecutive month but at a slower rate compared to July, notching […]

Canada Customs is experiencing delivery backlogs

31 Aug

August 30, 2017 – Access Worldwide is reporting today that Canada Customs is currently experiencing a backlog, resulting in Customs Clearance delays for packages destined to our neighbor to the north. “At this time, we do not have any further information as to how many days they are backlogged, however, we have seen delays of […]

Kansas City Southern Railway in support of Hurricane Harvey relief

30 Aug

August 29, 2017 – Kansas City Southern (KCS) today announced its charitable fund will immediately donate $50,000 to the American Red Cross to aid in Hurricane Harvey relief efforts in south Texas. In addition, it will also match employee gifts to the American Red Cross via the Greater Kansas City Community Foundation-KCS Fund, dollar for […]

Trump to visit Springfield, MO exporter today

29 Aug

August 29, 2017 – On his way to survey flood damage in Houston today, President Trump will visit the Loren Cook Company in Springfield, MO. Loren Cook designs and manufactures fans, blowers, gravity vents, laboratory exhaust systems and energy recovery ventilators, and exports them to countries throughout the world. The company began operations in 1941, […]

Wow Air adds European-connected flights to Missouri and Ohio

28 Aug

August 27, 2017 – Iceland’s budget airline, Wow Air, will begin serving several Heartland cities next spring, offering a low-cost way to get to its island home country and from there to Europe. Direct flights start May 17th and start at $99 to Reykjavik, Iceland with connections to London, Frankfurt, Dublin, Paris and 18 other […]

Critical NAFTA negotiations resume next week

25 Aug

The second round of NAFTA renegotiations will take place next week in Mexico City. One of the more controversial points under discussion is the possible replacement of the Investor-State Dispute Settlement (ISDC) system. Three major business groups oppose the elimination of these dispute panels whereby individual country corporations are able to sue governments for damages […]

KC Southern Railway establishes new joint processing center on Mexican border

21 Aug

August 21, 2017 – Last week Kansas City Southern (KCS), in conjunction with the US Customs and Border Protection (CBP) and Mexican Customs (SAT), dedicated a new joint Unified Cargo Processing facility at the Laredo, Texas, border crossing. According to a KCS spokesperson, “The objective of this new facility is to share Non-Intrusive Inspection (NII) […]

More FTC warnings about “Made in USA” claims

19 Aug

August 18, 2017 – Today’s Reed Smith’s AdLaw by Request newsletter reports, “It seems to be another star-spangled banner year for the Federal Trade Commission (“FTC”) and its crackdown on certain “Made in USA” claims. In 2016, the FTC cited 29 companies for their misleading “Made in USA” claims. With the year’s halfway mark behind […]

Heartland growers ship record levels of farm goods to China

17 Aug

August 17, 2017 – The US Department of Agriculture (USDA) today reports that private exporters shipped165,000 metric tons of soybeans for delivery to China during the 2017/2018 marketing year, closing in on a new record. The US Soybean Export Council, based in Chesterfield, Missouri, said in a recent report that the Chinese Ministry of Commerce […]

Currency shift to weaker dollar helps prop overall US economy

14 Aug

August 14, 2017 – Today’s Wall Street Journal reports that the dollar has weakened 15% against the euro since the beginning of the year, and that against all major trading country currencies has dropped 8%. “While there are downsides to the weaker dollar, it has propelled US manufacturing and exports to new highs,” said Fred […]

Heartland manufacturing and exports growing, but slowing slightly

5 Aug

August 4, 2017 – Creighton University yesterday released its latest Mid-America Business Conditions index, which fell to 56.1 in July from June’s 62.3. For Minnesota, the index fell from June’s 68 to 63.2. Any figure above 50 indicates growth, so economists were not put off by the monthly change and noted that June’s increase was […]

China to ramp up foreign food & ag acquisitions

4 Aug

August 4, 2017 – AgFunder’s Emma Cosgrove writes that China is poised to have a much larger footprint in the global food supply chain in the near future, according to a new report from Rabobank. The report highlights a few of its acquisitions from the last six years that demonstrate China’s agricultural priorities and perhaps […]

Exports and imports continue solid growth through July

1 Aug

August 1, 2017 – Against continued solid growth in the manufacturing sector and overall economic growth, new export orders and imports both grew in July, according to the latest Institute of Supply Management (ISM) Report on Business. Exports-Imports “The sliding dollar and continued expansion of our economy, bolstered exports in July,” said Frederick Baehner, IBNewsmag […]

Mexico aerospace conclave attracts aircraft industry suppliers

28 Jul

July 27, 2017 – With so many aerospace manufacturer-suppliers in the Heartland, the Arkansas World Trade Center has announced a special price for manufacturers to attend August 30 – 31 in Queretaro, Mexico. For as little as $200, Tier-2 and Tier-3 industry suppliers will hear from 25 industry experts from all over North America as […]

Expect postal delays in Canada

26 Jul

July 26, 2017 – According to Access Worldwide, Canada Post has reported a recent significant increase in the volume of non-trackable mail items, causing a backlog in the processing of this type of mail. Delays are to be expected for end delivery in certain destinations.

Will the Building a Better America dampen exports by eliminating the ITA?

26 Jul

July 25, 2017 – The following statement appeared in the recently-released US House Budget Committee report – Building a Better America. “The International Trade Administration [ITA]. This Department of Commerce agency provides trade-promotion services for U.S. companies. The fees it charges for its services do not cover the costs. Businesses can obtain similar services from […]

China approves Monsanto’s corn for import

25 Jul

July 24, 2017 – China has approved two more genetically modified crops for import, the second such move in the past month to expand access to biotech seeds as part of 100-day trade talks with the US. The two new crops, approved for three years are St. Louis-based Monsanto’s 87427 glyphosate-resistant corn, sold under the […]

Export opportunity – dollar down nearly 8 percent this year vs 5 major currencies

22 Jul

July 21, 2017 – IBNewsmag is reporting that the dollar has hit new lows against five major currencies year to date based on foreign exchange rates posted in today’s Wall Street Journal. The euro is down nearly 10 percent, the Mexican peso down nearly 16 percent, the pound down more than 5 percent, the Canadian […]

Vietnam GDP growth rebounds with oil & tourism surge

20 Jul

June 20, 2017 – After disappointing GDP growth in the first quarter of 5.15% YoY, Vietnam achieved a 6.17% YoY for the second quarter, taking the figure for the first half to 5.73% YoY. Sector-wise, solid growth continued to be seen in the manufacturing and construction sectors (+10.5% YoY and +8.5% YoY in 1H, respectively), […]

US food, beverage producers weigh in on possible prohibition of generic names in Japan

19 Jul

July 19, 2017 – The Consortium for Common Food Names (CCFN) is working to ensure that generic names for certain cheeses, meats, wines and other foods can remain in use in Japan by filing objections to inclusion of such terms on a proposed list of protected geographical indications (GIs) in the Japan-European Union free trade […]

CPA says US trade deficit with S. Korea more than doubled since 2011 – American job losses

18 Jul

July 18, 2017 – According to last week’s Coalition for a Prosperous America (CPA) report, the US trade deficit with South Korea was $13.3 billion in 2011. It has since more than doubled to $27.6 billion in 2016. Therefore: The CPA says the Korea-US Free Trade Agreement caused the US economy to lose 80,000 jobs. […]

Pacific ocean rates slip as traders approach peak season

17 Jul

July 17, 2017 – Bill Mongelluzzo, Senior Editor of JOC.com reports that spot rates in the eastbound Pacific declined slightly for the second consecutive week, although the 2 percent drop to the East Coast reflects a tightening of capacity, whereas the 5 percent decline to the West Coast indicates that the bigger ships calling in […]

India develops its own unique milking machines

15 Jul

July 15, 2017 – AgFunder reports that an emerging trend in the Indian-agricultural industry has been that of giant domain-focused corporates joining hands with promising young start-ups to bring about ‘Indianization’ of agriculture tools, equipments and practices aimed at increasing productivity and better realization of prices by farmers. An interesting case in point here is […]

World’s middle class is booming, growing export opportunities

14 Jul

July 14, 2017 – According to a report from the North Dakota Trade Office (NDTO) issued by the Brookings Institute, the global middle class is currently experiencing the most rapid expansion the world has ever seen – especially in Asia. As middle class populations grow, so does their desire for choices, high quality goods and […]

Missouri woman’s testimony to help stimulate small business exporting

12 Jul

July 12, 2017 – Missouri’s Ann Pardalos recently testified at a House Small Business Committee (SBC) hearing in Washington, DC, on how to help small businesses increase exports. Ms Pardalos is President of the State International Development Organizations (SIDO), and Manager of International Trade & Investment for the state of Missouri. House Small Business Committee […]

SD August 16th Export Documentation, Foreign Trade Regulations and Best Practices in Export Compliance

11 Jul

July 10, 2017 – This forum is available on site in Sioux Falls or as a live-stream webinar from any location. Scheduled for Thursday, August 16, the morning session focuses on Export Documentation and will be led by Stephen Hall, Bureau of Industry & Security (BIS), US Dept. of Commerce. The afternoon session is the […]

Xi, Putin agree to boost co-ordination on major issues, including North Korea

7 Jul

July 7, 2017 – Visiting Chinese President Xi Jinping and his Russian counterpart, Vladimir Putin, met Monday and agreed to further cement bilateral ties and strengthen coordination on the Korean Peninsula and other major issues, according to the State news agency Xinhua. “China and Russia are comprehensive strategic partners of co-ordination, and it is quite […]

The Heartland becoming America’s distribution mecca

6 Jul

July 6, 1017 – A continued consolidation of retailers, wholesalers and 3PLs logistic providers to the US Heartland is part of a migration movement sweeping the country, according to a recent announcement from JOC.com and reported by KCSmartPort. Amazon, Dollar Tree and QVC are among the companies locating in the region. And, UPS is acting […]

Both exports and imports show sustained growth through June

5 Jul

July 5, 2017 – The Institute of Supply Management’s (ISM) New Export Orders Index soared to 59.5 percent in June, an increase of 2 percentage points when compared to the 57.5 percent reported for May, indicating growth in new export orders for the 16th consecutive month. “Continued declines in the dollar and expanding global economic […]

Common Food Names (GIs) hinder Heartland producer exports

4 Jul

July 3, 2017 – The Consortium for Common Names today reported that current geographical indications (GI) policies are often woefully lacking in safeguards for common food and beverage names, creating an increasingly disruptive situation in global trade that unfairly favors some producers over others; but an equitable approach is wholly achievable. To uphold both IP […]

Feed ingredient buyers source products from Iowa buyers mission

1 Jul

June 30, 2017 – The Iowa Economic Development International Office reports that seven international buyers intend to purchase $5.8 million in feed ingredients products during the next year after one-on-one business meetings with suppliers in Iowa. The buyers, from Brazil, Colombia, Mexico, Romania, Philippines, South Korea and China, were in Iowa June 7-8, 2017. The […]

Brazil trade unions cause cities’ shutdown

30 Jun

June 30, 2017 – According to the Access Weekly Worldwide Global Report today, several trade unions in Brazil have called for a general strike to shut down Brazil’s largest cities beginning today.

Modi visit to US signals possible new trade opportunities

28 Jun

June 28, 2017 – India’s Prime Minister Narendra Modi visited the US on Monday as part of a three-nation tour. Various issues were discussed including counter-terrorism and strengthening ties between the US and India. The meeting did not create a firm development plan for trade between our nations but requests were made to remove trade […]

A program on international scams that hurt exporters and importers

28 Jun

June 27, 2017 – On Wednesday, 12 July, the International Trade Association of greater Chicago (ITAGC) will present a lunch program on global scams on how they continue to impact small to medium-sized enterprises (SMEs). Presented by Louise Kern, Managing Director of Global Business Information Services (GloBIS), the program is targeted to SMEs who continue […]

Ag exports to Mexico languish over NAFTA concerns

24 Jun

June 23, 2017 – FOX News reported last week: “Friction between the US and Mexico over trade is starting to cut into sales for US farmers and agricultural companies, adding uncertainty for an industry struggling with low commodity prices and excess supply. Over the first four months of 2017, Mexican imports of US soybean meal, […]

Monsanto & Atomwise partner to use AI for discovery

23 Jun

June 23, 2017 – Monsanto headquartered in St. Louis, with facilities in 69 countries and Atomwise have formed a research collaboration to increase the speed and probability of discovering and developing new crop protection products using artificial intelligence. Atomwise develops artificial intelligence systems for molecular discovery. Through this research collaboration, Atomwise’s AtomNet technology will employ […]

Wichita selected for Brookings advanced partnership of Global Cities Initiative

22 Jun

June 22, 2017 – The Wichita region has been selected for a multi-region initiative aimed at improved performance in international trade. Eight city-regions were selected as part of the Global Cities Initiative (GCI), a joint project of the Brookings Institution and JPMorgan Chase. The intent of the initiative is to amplify the impact of metropolitan […]

Heartland exports score another month of growth

21 Jun

June 21, 2017 – According to Ernie Goss’ Heartland International Business Index, the May regional new export orders index remained strong despite slipping to a still positive 54.0 from 60.5 in April. Any reading above 50.0 indicates growth. The import index dropped to 52.4 from April’s 60.7. “An expanding regional economy supported buying from abroad […]

Alleged higher rates raising ocean carrier profits yet some see them holding for the remainder of 2017

20 Jun

June 20, 2017 – JOC.com is reporting that Maersk Line and Hapag-Lloyd will post sharply higher earnings this year as they benefit from improving container industry fundamentals, including better capacity management and rising demand, according to investment bank Jefferies. Rick Held, President of Held & Associates, said, “This year has been a roller coaster with […]