International Trade News
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.
Hong Kong’s long-discussed container terminal 10 may finally be axed after the latest port master plan study found that throughput growth had slowed to such a degree that it was not financially or economically viable.
Transplace is expanding in Western Canada and Quebec as U.S.-Canada cross-border traffic speeds up, along with the U.S. and Canadian economies.
Stopping at the congested Los Angeles-Long Beach port complex in October made container ships an average of 3.4 days late at the next port of call, industry analysis has shown.
Import volume growth at the busiest U.S. container ports is slowing this month amid severe West Coast delays that have put a sour finish on a strong year for container shipments, according to the monthly Global Port Tracker report.
Total U.S. containerized exports slumped in October amid weakening global demand caused by sluggish economic conditions abroad.
The Port Authority of New York and New Jersey and the Federal Highway Administration are seeking public comments on their draft environmental impact statement on a cross-harbor barge or tunnel for the movement of trucks, containers or railcars.