Archive for March, 2009

MEXICO RETALIATION: NAFTA TRUCKING DISPUTE

On Monday, March 16, Mexico announced it would retaliate against the United States for the cancellation of the Cross-Border Trucking Demonstration Program. The list of 89 products was published on Wednesday, March 18, 2009 and effective the next day.

Background: Under the NAFTA, the United States and Mexico agreed to phase-out restrictions on cross-border passenger and cargo services. In 1995, however, the United States announced it would not lift restrictions on Mexican trucks. In 2001, a NAFTA dispute settlement panel found the U.S. restrictions to be in breach of its NAFTA obligations (International Trade Administration, U.S. Department of Commerce).

Read full article and complete retaliation list

March 30, 2009 at 8:33 pm

NKITA and Chamber to host Brazilian delegation

A delegation of Brazilian Manufacturing and Construction companies will visit the Tri-State at the end of April. The delegation is looking for business opportunities and new business partners. More information shall follow. For details, please contact Daniele S. Longo, Vice President Business Development and International Trade, Northern Kentucky Chamber of Commerce at dlongo@nkychamber.com.

March 30, 2009 at 12:58 pm

A tentative free trade deal for S. Korea and E.U.

HONG KONG: South Korea and the European Union on Tuesday reached a tentative agreement to scrap tariffs on goods traded between them, a deal that, if ratified, would send a strong signal on free trade at a time of rising protectionist tendencies.

The Europe-South Korea deal would eliminate most tariffs within five years, facilitating bilateral trade that totaled nearly $100 billion in 2008 (B. Wassener, Herald Tribune, March 24, 2009).

Read Article

March 25, 2009 at 11:51 am

Meltdown 101: Will China global currency idea fly?

China’s central bank has called for the creation of a new global currency as an alternative to the dollar, in the latest sign of that country’s growing assertiveness on the international stage. But would the idea even work?

Economists said the proposal is feasible, at least in the long run, but faces a number of hurdles, such as getting private companies to accept it.

Two key U.S. economic policymakers appeared to dismiss the idea during a congressional hearing Tuesday. Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke were asked by Rep. Michele Bachmann, R-Minn., if they would “categorically renounce the United States moving away from the dollar.” Both said they would (C. Rugaber, Washington Associated Press, 2/24/2009)

Here are some questions and answers about China’s proposal for a new global currency.

March 25, 2009 at 11:47 am

Business, Anti-Poverty and Faith-Based Groups Unite in Support of Open Markets

Faced with rising signs of the damage the global economic crisis is causing in poorer nations, the United States Council for International Business (USCIB), which represents America’s top global companies, and other business groups joined with the anti-poverty and faith-based communities in appealing for U.S. leadership to maintain open markets and keep millions in the developing world from falling back into poverty (J. Huneke, United States Council for International Business, March 20, 2009).

Read Letter

March 24, 2009 at 12:31 pm

Recession Slams Chinese Exports Again

China exports dropped an “ugly” 25.7% in February after January’s 17.5% fall. The government is trying to boost domestic spending to alleviate the pain (F. Balfour, BusinessWeek, March 11, 2009).

Read More

March 16, 2009 at 5:08 pm

Game-Changing Ideas for Business: A History of Big Ideas

Some of the most powerful and lasting management methods were launched during tough times, when companies needed new ways to manage costs and grow. Here is a look back at some of the biggest ideas over the past 100 years (J. McGregor, BusinessWeek, March 2009).

Read more

March 16, 2009 at 5:06 pm

New Passport Rules

Effective June 1, 2009 the application of the final phase of the Western Hemisphere Travel Initiative will change the passport requirements for citizens coming back to the United States when arriving from Canada, Mexico, the Caribbean region, and Bermuda.

Federal rules will require new passport books, passport cards or other documents approved by the U.S. Department of Homeland Security.

“Applying early will help avoid unwanted delays since the processing time will be greater than before,” said Thomas L. Preston, executive director of the Kentucky Office of Homeland Security. Nationally, more than 16 million U.S. passports were issued in fiscal 2008.

For more information, please contact the National Passport Information Center at 1-877-487-2778 or visit http://iafdb.travel.state.gov/

March 10, 2009 at 8:33 pm

2009 Trade Policy Agenda and 2008 annual Report

THE PRESIDENT’S TRADE AGENDA: MAKING TRADE WORK FOR AMERICAN FAMILIES

President Obama has charted a course for economic recovery that will restore growth and promote broadbased prosperity. It will emphasize improvements in the living standards of American families while reorienting our economy to meet today’s challenges – energy, the environment, and global competitiveness.

Read Full Report

March 6, 2009 at 1:32 pm

Ohio goes global: State is a major exporter and free trade spells jobs for many residents

Free trade is blamed again and again for Ohio’s economic woes. Statistics tell a different story.

Ohio is the only state in the country whose exports have increased every year since 1998, and it’s seventh in the country for exports overall. According to new numbers from the U.S. Department of Commerce International Trade Administration, Ohio’s exports grew by nearly 7 percent in 2008 over the previous year, to $45.5 billion. The state’s biggest manufactured exports are automotive and airplane parts, machinery, chemicals, electronics and computers.

About 11,400 Ohio companies sell their products internationally, and nearly 300,000 jobs in this state depend upon exports. Only California and Texas have more jobs linked to manufacturing exports (The Columbus Dispatch, March 2, 2009).

Read complete article

March 4, 2009 at 1:26 pm

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Travel with the Northern Kentucky Chamber in 2012

Peru - August 12-20, 2012
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