Archive for September, 2011
U.S. presses renewables exports to Mexico
Obama administration and U.S. industry officials are in Mexico this week to promote exports of renewable energy technologies to that country.
American Shipper, Sept. 28, 2011
Senate approves GSP bill
The U.S. Senate Thursday voted 70-27 to renew the Generalized System of Preferences and Trade Adjustment Assistance programs that had expired within the past year.
The trade package now heads to the House for final approval and opens the door for trade agreements with Colombia, Panama and Korea to be considered.
American Shipper Sept. 23, 2011
Myths About China and India’s Africa Race
The two Asian giants are focusing on Africa as never before, write columnists Anil K. Gupta and Haiyan Wang, leading to many misconceptions about the role Chinese and Indian companies are playing there.
More countries in Africa are joining the global economy. Over the last decade, the continent’s GDP expanded at an average annual rate of 5.1 percent, low compared with emerging giants like China and India but still well above the global growth rate of 2.9 percent. During this period, Africa also became far more globally integrated and saw its merchandise trade grow at an annual rate of 12.9 percent, vs. a global growth rate of 8.9 percent.
Commerce awards $1.9 million to boost exports
The U.S. Commerce Department has released $1.9 million in financial assistance to support projects that it said will increase U.S. exports, create jobs and strengthen American global competitiveness.
The funds will be awarded to five non-profit industry organizations and are expected to generate $1.96 billion in U.S. exports in the next three years, ranging from attracting foreign students and tourists to promoting clean truck technology and medical technology exports.
American Shipper Sep. 22, 2011
A Pressing Issue: Chamber Stamps for Certificates of Origin
Imagine you provided a set of your checkbooks, with pre-signed checks, to 20 or 30 people around town. Wouldn’t you be nervous about how much money they might withdraw from your account?
Something similar has happened in the export world. Many chambers of commerce have loaned or rented out their corporate seals to freight forwarders and exporters, permitting those organizations to stamp the chamber’s seal onto documents that are used for export transactions. Of the estimated 4 million certificates of origin that accompany U.S. export shipments annually, we estimate that fewer than half are actually inspected and signed by a chamber of commerce employee, as the international rules require.
Chris Mead, Global Reach Sep 21, 2011
ICC Unveils New Rules of Arbitration
North American launch event next week in New York
Jonathan Huneke, USCIB
New York, N.Y., September 14, 2011 – The International Chamber of Commerce (ICC) has launched a much-anticipated revised version of its Rules of arbitration, with the aim of better serving the existing and future needs of businesses and governments engaged in international commerce and investment, according to the United States Council for International Business (USCIB), ICC’s American national committee.
DHL starts Cincinnati/Panama service
DHL Express has begun direct daily Boeing 757 air freight service between its Cincinnati and Panama hubs, the company said Friday.
The service, DHL said, improve delivery times by one day from any location in the United States, Canada, Asia and the Caribbean Islands to Panama and from Panama to all DHL destinations worldwide.
American Shipper 9/12/2011
NKITA Trade Education Seminars
Thursday, September 22, 2011, Hilton Cincinnati Airport, 7373 Turfway Road, Florence, KY
Join NKITA at the 2011 DHL Express International Trade Affairs & Compliance (ITAC) Seminar Series.
During the seminar you will learn about:
– Overview of export controls (Office of Export Enforcement)
– Sanctions and embargo shipments
– Effective use of ATA Carnet
– Automated Export System filing compliance
Northern Kentucky International Trade Association (or NKITA) Blog 