02, Dec, 2021
‘Price rises likely’ due to UK shipping problems

Internation Trade

Businesses say a global shipping crisis is causing freight costs to soar and UK consumers may soon see price rises for imported goods. On top of skyrocketing shipping rates, carriers are adding congestion charges for imports to Felixstowe and Southampton, because of severe delays. The logistics industry has written to […]

International trade is the lifeblood of the world economy, but is subject to constant change from economic, political and environmental forces. Emerging economies have seen their share of total global trade rocket in recent years. China, for instance, is now responsible for 15% of all world exports. Unfinished goods, components […]

The US and EU have agreed to end a festering dispute over US steel and aluminium tariffs imposed by former president Donald Trump in 2018, removing an irritant in transatlantic relations and averting a spike in EU retaliatory tariffs, US officials have said. Commerce secretary Gina Raimondo told reporters on Saturday that […]

The UK government has begun negotiations to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), suggesting that joining this trade pact is a positive result of Brexit. CPTPP, as the name implies, is an agreement on trade (and related issues) between eleven countries which border the Pacific – Australia, Brunei, Canada, […]

Rapid technological development pushes enterprises to constantly change the use of their information systems. Human to human, human through machine, human to machine, and eventually machine to human are current challenges that enterprises face. Personal motivation to respond to change becomes a high priority. The simplest way is to determine […]

Recent decades have seen rapid growth of the world economy. This growth has been driven in part by the even faster rise in international trade. The growth in trade is in turn the result of both technological developments and concerted efforts to reduce trade barriers. Some developing countries have opened […]

By Praveen Menon and Shashwat Awasthi WELLINGTON (Reuters) – U.S. President Joe Biden and Chinese leader Xi Jinping are expected to address leaders of the Pacific Rim late on Friday amid heightened regional trade and geopolitical tensions. China set the tone for the 21 member Asia Pacific Economic Cooperation (APEC) […]

On the topic of international trade, the views of economists tend to differ from those of the general public. There are three principal differences. First, many noneconomists believe that it is more advantageous to trade with other members of one’s nation or ethnic group than with outsiders. Economists see all […]

KUALA LUMPUR, Malaysia (AP) — President Joe Biden told leaders at the East Asia Summit on Wednesday that China’s recent actions in the Taiwan Straits are “coercive” and undermined peace and stability in the region. The comments by Biden, who participated by video in the annual meeting of 18 Asia-Pacific […]

Shipping containers stacked at Kwai Tsing Container Terminal, operated by Hong Kong International Terminals Ltd. Paul Yeung/Bloomberg © 2017 BLOOMBERG FINANCE LP If you have not noticed by now, President Trump has a fetish with international commerce in merchandise.  That might be understandable a century ago, when trade among countries […]

The European Commission has released its latest Trade and Investment Barriers Report (TIBR), laying out barriers to international trade across the EU. The report identifies a total of 425 measures restricting international trade in countries outside the EU – a record high – with 45 new trade barriers established in […]