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Commerce Secretary Gary Locke called upon small and mid-size companies to increase their profits and hasten the U.S. economic recovery by becoming more engaged in exports. President Obama’s National Export Initiative, which is being promoted by trade-oriented agencies such as the Department of Commerce and the Export-Import Bank … seeks to double exports by 2015, [...]  The National Export Initiative will be modeled after the Trade Connect program at the Port of Los Angeles The Commerce Department and the American Association of Port Authorities will combine forces to encourage small and medium-sized businesses to increase exports, Courtney Gregoire, director of the National Export Initiative, told officials on Tuesday. Under the [...] China’s growth rate isn’t remarkable compared with that of other East Asian nations. But its huge population makes China more important – and its government has used that marketplace leverage to lure multinational firms and to arrange for the transfer of valuable know-how in joint ventures. That raises the prospect that China may catch up [...] President Barack Obama and Chinese Premier Wen Jiaba. US President Barack Obama told Chinese Premier Wen Jiabao that China must do more to revalue its yuan currency, in a “candid” two-hour meeting, which did not appear to shift Beijing’s position. The president cited recent US complaints in the World Trade Organization against allegedly unfair [...] Japan’s trade surplus with the rest of the world ballooned about 15-fold in April from a year earlier to $8.25 billion thanks to a robust growth in exports, according to preliminary figures released by the Finance Ministry on Thursday. The year-on-year rise in Japan’s overall exports in April was led by automobiles, which soared 103.1 [...] The U.S. trade deficit shrank like a puddle in the hot sun in 2008 and 2009 as appetite for imports melted in the recession and Asian export markets grew. With the economy now improving, the gap is widening again, dashing hopes that the United States is anywhere close to rebalancing trade with the rest of [...] The U.S. container shortage results from reduced imports. As Americans buy less Asian-made goods, fewer containers unload in the United States for use on return routes. But hard-pressed steamship lines exacerbate the crisis, freight forwarders say. Even when a container winds up empty in a big hub such as the Port of Long Beach, ocean [...] Congressional leaders are once again resurrecting the fight against U.S. free trade policies. Jobs are the motivating force, especially now in this economy. For years, labor leaders and some lawmakers have criticized trade pacts. One example is the North American Free Trade Agreement between Mexico, Canada and the U.S. which, they argue, has not been [...] A worker stands near containers at Yangshan deep water port in Shanghai. For the full article, click on the photo. China overtook Germany in 2007 as the third-largest economy and is expected to unseat Japan as No. 2 behind the United States as early as this year. Its trade boom has helped Beijing pile [...] Merchandise export trade, at $10.35 billion in September, was up 3.2% from August, but still down 16.3% from the same month last year, according to an analysis of Commerce Department data released by the University of California Center Sacramento today. Agricultural exports fared better than those of manufactured goods, with total ag shipments declining 8.2% from last year. [...] Port of Seattle At the end of this month, the Port of Seattle will close its international office in Japan and end trade promotion contracts in other cities, in effect, closing offices in China, Japan, Hong Kong, Singapore and Korea. Charlie Sheldon, Seattle Seaport Director, says the Port will maintain strong relationships overseas and [...] |
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