Posts Tagged ‘international trade’

U.S., China reach agreement on pork

by Wally Northway Published: March 19,2010

Tags: agriculture, international trade, swine flu

The United States and China have reached an agreement to reopen the Chinese market to U.S. pork and pork products, Agriculture Secretary Tom Vilsack and U.S. Trade Representative Ron Kirk announced today. “When I traveled to China with U.S. Trade Representative Kirk in October, our discussions with Chinese officials laid the groundwork for reopening this market,” [...] [...]

U.S. current account trade deficit grows

by Associated Press Published: March 18,2010

Tags: international trade

WASHINGTON — The current account trade deficit widened in the fourth quarter, reflecting an improving economy, but the imbalance for all of 2009 fell to the lowest point in eight years. Economists believe the deficit will increase in 2010 but not return to the record heights seen before the recession. The Commerce Department said today the [...] [...]

USDA offers TAA program to farmers

by Wally Northway Published: March 4,2010

Tags: agriculture, international trade, TAA, USDA

The U.S. Department of Agriculture (USDA) has launched the Trade Adjustment Assistance (TAA) for Farmers Program to help American agricultural producers adjust to the current, challenging economic environment. In August, USDA requested public comments on a proposed rule for establishing the procedures and eligibility criteria for receiving assistance. Comments focused on payment limitations and adjusted gross [...] [...]

NAFTA numbers finally improve

by Wally Northway Published: March 4,2010

Tags: international trade, NAFTA, transportation

Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was 10.5 percent higher in Dec. 2009 than in Dec. 2008, with a value of $58.5 billion, according to the Bureau of Transportation Statistics (BTS). The increase was the first over the same month of the [...] [...]

China vows to fight unauthorized steel mills

by Associated Press Published: February 10,2010

Tags: China, international trade, steel

SHANGHAI — China, the world’s biggest steel producer, says it will crack down on unauthorized steel mills as it maneuvers to wield more control over prices during crucial iron ore talks. Only about 300 million tons of the 567.8 million tons of crude steel produced last year in China was made with full government authorization, according [...] [...]

NAFTA numbers continue to fall

by Wally Northway Published: February 2,2010

Tags: international trade, NAFTA, transportation

Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was 2.9 percent lower in Nov. 2009 than in Nov. 2008, dropping to $58.9 billion, according to the Bureau of Transportation Statistics (BTS). BTS reported that the value of U.S. surface transportation trade with Canada and [...] [...]

Seafood labeling bill awaits lawmakers

by Associated Press Published: January 18,2010

Tags: food safety, international trade, state government

PASCAGOULA — A bill that would require Mississippi restaurants to notify customers of the country of origin of their seafood is being prepared for the Legislature. “I don’t think it is going to hurt the restaurant business,” Sen. Tommy Moffatt, R-Gautier, said about the Country of Origin Labeling bill. Beginning in July 2008, Mississippi restaurants were required [...] [...]

U.S. officials oppose beef ban

by Associated Press Published: January 8,2010

Tags: agriculture, beef industry, federal agency, international trade

BEIJING, China (AP) — The Office of the United States Trade Representative and the U.S. Department of Agriculture has released a statement regarding the decision by Taiwan’s Legislative Yuan to bar import of some U.S. beef and beef products. The following statement is from Deputy United States Trade Representative Demetrios Marantis and Undersecretary for Farm and [...] [...]

Oil prices stay below $83 per barrel

by Associated Press Published: January 8,2010

Tags: economy, energy, international trade, oil and gas, recession, supply and demand

Oil prices hovered below $83 a barrel Friday as investors looked to a key U.S. jobs report later in the day for clues about the strength of the economic recovery, The Associated Press reports. Signs of monetary tightening in China and the dollar’s gains on other major currencies also helped keep oil prices in check. By early [...] [...]

NAFTA numbers continue nosedive

by Wally Northway Published: January 8,2010

Tags: international trade, recession, transportation

Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was 15.5 percent lower in Oct. 2009 than in Oct. 2008, dropping to $61.4 billion, according to the Bureau of Transportation Statistics (BTS). BTS reports that the value of U.S. surface transportation trade with Canada and [...] [...]

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