International Trade News

Nicaragua piggybank
The Central American canal projects continue to generate questions over funding — where it will come from in the case of the proposed Nicaraguan plan, and where it is going in the Panama Canal upgrade.

Brazil-Russia trade relations
After a year of surging sales of foodstuffs to Russia owing to economic sanctions imposed by the U.S. and European Union and retaliatory actions by Russia, Brazil is now possibly the largest supplier of food to Russia, according to the SovEcon consultancy.

newly harvested bananas in the Philippines
The banana industry in Davao Region of the Philippines is expected to fully recover during the first or second quarter of 2015, an industry leader this week.

Protests marred yesterday’s ground-breaking ceremony in Managua for the $50 billion Nicaraguan canal as opposition to the bold Chinese-driven interoceanic project mounted in the Central American nation.

Charging that Brazil’s foreign trade is too concentrated in the Mercosur trading bloc, the Brazilian Foreign Trade Association wants Brazil to weaken its ties with Mercosur and concentrate instead on other foreign markets.

Africa’s inland freight network is so troubled that it costs roughly seven times more to ship a container from Mombasa, Kenya, to Burundi, in central Africa, than to ship a container from Shanghai to the major Kenyan gateway, an APM Terminal executive said.

India’s trade deficit in November rose to its highest level since May 2013, as industrial and capital goods imports accelerated amid signs of a budding recovery in the country’s manufacturing sector.

A free trade agreement (FTA) between Japan and Australia will begin on Jan. 15, either eliminating or drastically cutting import tariffs on most products traded between the two Asia-Pacific nations, the Japanese government announced today.

It's been called the final frontier for trade growth — the only place in the world where exponential economic and cargo growth is still possible and major trade is still evolving. Rising African container volumes are increasingly showing the limits of freight infrastructure on both the East and West African coasts, where ports are experiencing trouble dealing with the rise in ship calls and freight volume.

Vietnam’s increasing role in the final assembly of products was evident in the October trade figures that showed Chinese exports to Vietnam soaring 52.6 percent year-over-year to $61 billion.