Posts filed under 'Trade'
EU-US Summit
Leaders from the European Union and the United States gathered in Washington, DC, yesterday for the annual EU-US Summit.
European Commission President José Manuel Barroso commended President Obama’s leadership on climate change stating that he “changed the climate on the climate negotiations.” President Barroso stressed that with the strong leadership of the United States an agreement on climate change would be possible. “We are working toward a framework agreement in Copenhagen that will be an important agreement for the world. And we had particularly a very good discussion on this today and I think it was one of the most important points of our exchange.”
The summit also focused on ways for the EU and the US to cooperate on global challenges, including economic recovery and growth and providing effective assistance to developing countries. A number of foreign policy issues, including the situation in the Middle East and Afghanistan, were also discussed.
In conjunction with the Summit, a newly established EU-US Energy Council also met for first time today to deepen bilateral energy cooperation and address the growing challenges of global energy security, sustainability and climate change.
November 6, 2009
Replacing the U.S. Consumer: Is China Up To The Job?
China’s rapid growth is leading the recovery in the Asian and world economies, the International Monetary Fund says in its latest regional economic outlook. The fund now forecasts China will grow an outsize 8.5% in 2009 and 9% in 2010, driven by strong investment spending and surging loan growth. By contrast, Japan’s economy is expected to shrink 5.4% in 2009, and other Asian emerging markets are forecast to grow a combined 1.7%. But how much does China’s recovery help the rest of the world?
Some benefits from China’s boom have been spilling over into neighboring countries, the IMF argues: “A part of Asia’s export revival is due to the recovery of China’s domestic demand. …In particular, commodity exporters (such as Australia and Indonesia) and to a lesser extent capital goods exporters (Japan, Korea, and Taiwan Province of China) have benefited from the surge in China’s infrastructure investment.”(By Andrew Baston, The Wall Street Journal, October 29, 2009)
November 4, 2009
China Gains Confidence in Recovery
BEIJING—China’s recovery is becoming broader and potentially more sustainable, a shift that could provide better support for a still-fragile global economy. Reinforcing those signs is a change of tone from China’s cautious government, which is now becoming more confident in a solid rebound.
Economic data released Thursday showed China’s gross domestic product growing by 8.9% from a year earlier in the third quarter, following the 7.9% gain in the second quarter. The expansion in industrial output, the backbone of the manufacturing-heavy economy, accelerated further to 13.9% in September from 12.3% in August. (By ANDREW BATSON, The Wall Street Journal, 10/22/09)
October 26, 2009
Bureau International des Tarifs Douaniers
Sir/Madam,
I have the pleasure to announce that the English version of the 2008 Edition of the Customs Tariff of the Hashemite Kingdom of Jordan has been published on the internet site http://www.bitd.org of the International Customs Tariffs Bureau (Bureau international des tarifs douaniers (BITD), which has the task of translating the world’s Customs tariffs into five languages (English, French, German, Italian and Spanish).
I would like to take this opportunity to invite you, if you think it useful, to create a link to the BITD on your web site.
Yours faithfully,
Director of the
International Customs Tariffs Bureau
Frank Recker
BITD – Bureau International des Tarifs Douaniers
Postal address: Rue des Petits Carmes, 15 B-1000 Brussels – Belgium
Office address: Rue de Namur, 59 (6th floor) B-1000 Brussels – Belgium
Tel. +32 2 501 87 74
Fax + 32 2 501 31 47
E-mail: dir@bitd.org
Web site: http:/www.bitd.org
October 14, 2009
Turning Corporate Taxes into an Innovation Spur
Countries compete for mobile, high-value-added jobs, and increasingly they use their tax code as a key tool
(R. Atkinson, BusinessWeek, August 17, 2009).
August 20, 2009
USITC RELEASES SHIFTS IN U.S. MERCHANDISE TRADE 2008
Merchandise Trade Deficit Grew 3 percent; Imports Up 8 percent; Exports Up 12 percent in 2008
Shifts in U.S. Merchandise Trade 2008, an annual compendium of data and analysis examining changes in trade with key U.S. partners and in crucial U.S. industries, was released on August 3rd, 2009 by the U.S. International Trade Commission (USITC).
The report examines:
- how trends in U.S. trade compare with trends in other major industrialized countries;
- what the United States exported to China and what it imported in return; and
- how increasing energy prices affected U.S. trade.
August 5, 2009
Coping with ‘Made in China’ Scandals
Global companies must ensure, in China and around the world, that their products meet safety and quality standards and that their brands are protected (By Mark C. Goodman and LaRhonda Brown-Barrett, BusinessWeek).
July 6, 2009
Business opportunities in Curacao, Brazil
Learn how to build your business with partners in Curacao, Brazil
June 9, 2009
THE WHITE HOUSE – Office of the Press Secretary:
WORLD TRADE WEEK, 2009
- – - – - – -
BY THE PRESIDENT OF THE UNITED STATES OF AMERICA
A PROCLAMATION
When the world’s consumers fly in a U.S.-manufactured airplane, eat a steak from America’s heartland, watch a Hollywood movie, or visit the Grand Canyon, they are helping to create and maintain good jobs for Americans.
World Trade Week is an opportunity to reaffirm the benefits of trade and to emphasize America’s commitment to a global marketplace that creates good jobs and lifts up American families. The United States and our trading partners stand to gain when trade is open, transparent, rules-based, and fair, showing respect for labor and environmental standards.
The United States is well-positioned to reap the benefits of trade. America is a leader in the global marketplace and ranks at the top of almost every measure of global competitiveness. Our businesses, workers, and farmers remain the most innovative, productive, and adaptable in the world. The United States is also the world’s largest exporter.
May 20, 2009
Understanding the Trade Policies of the New U.S. Administration
FT. MITCHELL, Fri. May 15 – According to the U.S. Chamber of Commerce, Kentucky businesses added more than $22 billion to the local economy in 2005 by purchasing local goods and exporting manufactured merchandise to customers worldwide. However, recent administration changes relating to International Trade Policies have the potential of impacting this activity.
Speaker and author Les Glick, Porter, Wright and Morris, Washington D.C. and Ms. Ying Juan Rogers, Vice President, Kentucky World Trade Center highlights the affects of the changes Wed. May 21, 8 a.m. at the Newport Syndicate as part of the Northern Kentucky International Trade Association (NKITA) seminar, “Understanding the New U.S. Administration Trade Policies.”
“More than 90 percent of market potential is outside the United States and businesses are trying to keep up with a growing global competition,” explained Sylvia Dwertman, chair of NKITA, a program of the Northern Kentucky Chamber of Commerce.
In fact, more than one third of the Chamber’s members are engaged in international trade including large corporations with subsidiaries overseas and the small e-commerce business selling U.S. products to foreign buyers.
“We also have a large number of foreign investments that employ regional workers and pay taxes in the United States,” said Daniele S. Longo, vice president for Business Development and International Trade. “This seminar will help them understand how changes made at the federal level affect them.”
The event, sponsored by PNC Bank and DHL Express is supported by the European-American Chamber of Commerce, the Greater Cincinnati Chinese Chamber of Commerce, the Hispanic Chamber of Commerce, the International Business Center and the Kentucky World Trade Center. Admission is $15 for Northern Kentucky Chamber Members and Partners; $25 for Future Members. Register online, www.nkychamber.com.
More information about this program is available by contacting Daniele S. Longo, (859) 578-6385.
May 19, 2009
PHOTO ALBUM
