International Trade News
A major new initiative has been launched to upgrade infrastructure and the logistics network along the Yangtze River, an undertaking that will impact almost half of the country’s population.
The interactive graphic below takes an in-depth look at 144 economies’ quality of infrastructure overall and in terms of roads, railroads, ports and airports, based on data from the World Economic Forum’s yearly Global Competitiveness Report.
Japan’s trade surplus with the United States expanded for the first time in eight months in September on a year-over-year basis, as exports posted relatively strong growth despite a decline in auto shipments, according to preliminary trade figures released by the Japanese Finance Ministry today.
The book is closed on a three-year cross-border trucking pilot project, but the debate over cross-border trucking with Mexico is far from finished.
U.S. imports of ocean containers reached a record high in September, as retailers expect a robust holiday season, but exports continued to decline from soft global demand, making 2014 so far the worst year for container exports in the past four years.
Truck capacity is tightening along the U.S.-Mexican border, forcing cross-border shippers to become more innovative, says Sonney Jones, a former shipper and now director of sales in Mexico for Transplace.
Cross-border trade between Southeast Asia neighbors Thailand and Myanmar in 2014 is expected to grow 10 percent year-over-year to more than $6 billion.
India’s trade deficit widened to $14.25 billion in September, up from $10.84 billion in August and $6.12 billion in September 2013.
Although most U.S. companies view China as one of their top-five markets globally, there has been a steady 30 percentage point shift over the past four years regarding how U.S. firms view their prospects in China’s market.
China’s exports and imports in September grew well above expectations on the back of a strong rebound in foreign trade, but not enough to dispel warnings from analysts that hard times lay ahead.