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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 […]

Mexico will Pour $4.34 Billion into Port Projects

29 Jun

According to www.bnamerica.com, Mexico’s transport and communications ministry is investing this money in port infrastructure projects. They include building two more ports, six port expansions, 12 specialized terminals, a crusie ship terminal and infrastructure for short-sea shipping.

Containerization Impacts Global Trade more than Free Trade Agreements

28 Jun

According to the Economist magazine, new research suggests that the simple metal box has transformed global trade more than all the trade agreements in the past 50 years combined.

July 16th Webinar Focuses on Exporting Food and Ag Products

28 Jun

If you are anticipating exportation of food and agricultural products, learn about Foreign Agricultural Service (FAS) services which include customized export assistance, cost-share export funding, trade show exhibit support, training and more at Iowa’s Going Global Webinar on July 16th at 1pm (CDT). Go to www.iowasbdc.org for details.

Credit Manager’s Index (CMI) Cites Continued Growth. Manufacturing a Rising Star.

27 Jun

June’s combined CMI numbers continued May’s dramatic pace with the manufacturing sector topping its highest level in two years.The Sales and Amount of Credit Extended components drove manufacturing’s Index of Favorable Factors, according to the National Association of Credit Management from its June survey of credit managers.

Hazard Analysis-Critical Control Point Training Set for July 16-17 in West Fargo

21 Jun

Dakota Global Food Solutions of Fargo will be holding a Hazard Analysis – Critical Control Point (HACCP) training seminar July 16-17 at the North Dakota Trade Office International Room located in Schollander Pavilion at the Red River Valley Fairgrounds in West Fargo, ND. The seminar is designed to provide HACCP training and certification for meat […]

Taiwan Battles Back In Central America

21 Jun

According to the June 20th edition of CentralAmericanData Express, Taiwan is funding $50 million of road construction in Guatemala, and another $22.5 million for a hospital in Panama. Unreported, but reading between the lines, this is a bold initiative by Taiwan to offset investments by “other” countries.

China – Understanding the CCC Mark Certification Process

19 Jun

If your company is selling, or plans to sell, its products – especially IT and machinery equipment – in China, this TUV SUD America one-hour webinar briefing presents an overview of the CCC Mark, product categories and an understanding of the submittal/approval process. Email vazimi@tuvam.com for information.

U.S. Customs Begins Full Enforcement of Importer Security Filing with Big Fines

19 Jun

Customas & Border Protection (CBP) will begin enforcement of the Importer Security Filing 10+2 (ISF) begining 9 July, three years after the regulation was announced. Non-compliance can result in heavy-duty fines and issuing of liquidated damages against importers and carriers if not completed 24 hours prior to sailing. For more information on this important directive, […]