Archives from day » 01, September 2010

Monthly Surface Trade with Canada and Mexico Up Again

pspan style=”FONT-FAMILY: ‘Verdana’, ‘sans-serif’; COLOR: black; FONT-SIZE: 8pt; mso-bidi-font-family: Arial”(World Trade Interactive)?xml:namespace prefix = o ns = “urn:schemas-microsoft-com:office:office” /o:p/o:p/span/ppspan style=”FONT-FAMILY: ‘Verdana’, ‘sans-serif’; COLOR: black; FONT-SIZE: 10pt; mso-bidi-font-family: Arial”The Department of Transportation reports that U.S. surface transportation trade in goods with NAFTA partners Canada and Mexico rose 4.6% from May to June. The $69.9 billion total for June represented a 37.6% jump from a year earlier. Surface transportation consists largely of freight movements by truck, rail and pipeline and in June accounted for about 87% of U.S. trade by value with Canada and Mexico. o:p/o:p/span/ppspan style=”FONT-FAMILY: ‘Verdana’, ‘sans-serif’; COLOR: black; FONT-SIZE: 10pt; mso-bidi-font-family: Arial”Surface trade between the U.S. and Canada totaled $42.0 billion in June, up $1.8 billion from May and 35.5% higher than a year earlier. Exports by truck increased 34.2% by value from the previous year while imports by truck rose 35.8%. U.S.-Mexico surface transportation trade totaled $27.8 billion, up $1.2 billion from the previous month and 41.0% from June 2009. Exports by truck rose 34.5% by value from a year before while imports by truck increased 37.9%.o:p/o:p/span/ppspan style=”FONT-FAMILY: ‘Verdana’, ‘sans-serif’; COLOR: black; FONT-SIZE: 10pt; mso-bidi-font-family: Arial”According to the DOT, the value of U.S. surface transportation trade with Canada and Mexico in June was up 17.5% compared to June 2005 and 38.0% from June 2000, including a 43.4% jump for exports and a 33.7% gain for imports.o:p/o:p/span/p


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Loosening of Controls on Exports Draws Fire

pspan style=”FONT-FAMILY: ‘Verdana’, ‘sans-serif’; COLOR: black; FONT-SIZE: 8pt; mso-bidi-font-family: Arial”(Washington Times – Eli Lake)br //spanspan style=”FONT-FAMILY: ‘Verdana’, ‘sans-serif’; COLOR: black; FONT-SIZE: 10pt; mso-bidi-font-family: Arial”br /emb style=”mso-bidi-font-weight: normal”span style=”FONT-STYLE: normal; FONT-FAMILY: ‘Verdana’, ‘sans-serif’; mso-bidi-font-family: Arial; mso-bidi-font-style: italic”Trade groups laud new Obama policies/span/b/emb style=”mso-bidi-font-weight: normal”i style=”mso-bidi-font-style: normal”br //i/bbr /The Obama administration’s overhaul of regulations aimed at loosening controls on the export of some military technology is drawing fire from groups that monitor arms proliferation but praise from trade groups.br /br /President Obama on Tuesday announced the export-control policies in a video during the Commerce Department’s annual conference on updates to export controls. The policy seeks to streamline and standardize the licensing process for defense-related exports and create a new unified enforcement agency to crack down on violators of the export controls. [...]?xml:namespace prefix = o ns = “urn:schemas-microsoft-com:office:office” /o:p/o:p/span/ppspan style=”FONT-FAMILY: ‘Verdana’, ‘sans-serif’; COLOR: black; FONT-SIZE: 10pt; mso-bidi-font-family: Arial”Gary Milhollin, director of the Wisconsin Project on Nuclear Arms Control, called the new policy a “defense industry bailout.” “The financial industry and the auto industry had their bailouts, now it is the defense industry’s turn,” he said. Mr. Milhollin also said the United States steadily relaxed arms-export controls since the end of the Cold War. “We have already reduced controls to the bone,” he said.br /br /Mr. Milhollin said most defense technology being deregulated was developed with public money. “The lion’s share of the technology we are decontrolling has been developed with taxpayer dollars,” Mr. Milhollin said. “This is taxpayer-owned technology that the companies now want to sell to the whole world.” Read more a href=”http://www.washingtontimes.com/news/2010/aug/31/loosening-of-controls-on-exports-draws-fire/” target=”_blank”span style=”color:#0000ff;”here/span/a.o:p/o:p/span/p


Pushing Trade with Panama

span style=”LINE-HEIGHT: 115%; FONT-FAMILY: ‘Verdana’, ‘sans-serif’; COLOR: black; FONT-SIZE: 8pt; mso-bidi-font-family: Arial; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-ansi-language: EN-CA; mso-bidi-language: AR-SA”(Toronto Sun – Laura Payton)br //spanspan style=”LINE-HEIGHT: 115%; FONT-FAMILY: ‘Verdana’, ‘sans-serif’; COLOR: black; FONT-SIZE: 10pt; mso-bidi-font-family: Arial; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-ansi-language: EN-CA; mso-bidi-language: AR-SA”br /The federal government will present a law this fall to formally endorse a trade deal with Panama, International Trade Minister Peter Van Loan said Monday. Van Loan and Panamanian Commerce and Industry Minister Roberto Henríquez signed the agreement in May, but Canada still has to pass a law to bring it into force.br /br /The government says the agreement will cut tariffs against raw Canadian goods like agricultural products, wood, pulp and paper products, seafood, and iron and steel, as well as finished exports like machinery, cars, aerospace and pharmaceuticals.br /br /Panama had the highest GDP growth in the Americas in 2008. The country is expanding its famous canal, which should be done in 2014. The government hopes the expansion will mean more work in engineering and construction, and more material exports.br /br /“Panama plays a pivotal role in the movement of goods around the world. This vital gateway is currently under expansion, a great opportunity to generate jobs and investment for Canadian companies,” Van Loan said./span


CFIA: Changes to Import Notification Requirements – Phase 3

pspan style=”FONT-FAMILY: ‘Verdana’, ‘sans-serif’; COLOR: black; FONT-SIZE: 8pt; mso-bidi-font-family: Arial”(CFIA)?xml:namespace prefix = o ns = “urn:schemas-microsoft-com:office:office” /o:p/o:p/span/ppspan style=”FONT-FAMILY: ‘Verdana’, ‘sans-serif’; COLOR: black; FONT-SIZE: 10pt; mso-bidi-font-family: Arial”This notice is to inform importers and brokers that the Canadian Food Inspection Agency will be implementing phase 3 of the changes to import notification requirements for products in the non-federally registered food sector, effective November 08, 2010.br /br /Please a href=”http://inspection.gc.ca/english/fssa/invenq/20100830e.shtml” target=”_blank”span style=”color:#0000ff;”click here/span/a for more information. o:p/o:p/span/p


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USDA Announces $150 Fee for Import Licenses Under 2011 Dairy TRQ

pspan style=”FONT-FAMILY: ‘Verdana’, ‘sans-serif’; COLOR: black; FONT-SIZE: 8pt; mso-bidi-font-family: Arial”(World Trade Interactive)?xml:namespace prefix = o ns = “urn:schemas-microsoft-com:office:office” /o:p/o:p/span/ppspan style=”FONT-FAMILY: ‘Verdana’, ‘sans-serif’; COLOR: black; FONT-SIZE: 10pt; mso-bidi-font-family: Arial”The Department of Agriculture’s Foreign Agricultural Service has announced that it will charge a $150 fee for each license it issues to a person or firm authorizing the importation of certain dairy articles subject to tariff-rate quotas in 2011. Such dairy articles may only be entered into the U.S. at the in-quota tariff rates by or for the account of a person or firm to whom such a license has been issued. Licenses are issued on a calendar year basis, and each license authorizes the holder to import a specified quantity and type of dairy article from a specified country of origin.o:p/o:p/span/p


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Backlash Over China Curb on Metal Exports

span style=”LINE-HEIGHT: 115%; FONT-FAMILY: ‘Verdana’, ‘sans-serif’; COLOR: black; FONT-SIZE: 8pt; mso-bidi-font-family: Arial; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-ansi-language: EN-CA; mso-bidi-language: AR-SA”(The Telegraph – Ambrose Evans-Pritchard)br //spanspan style=”LINE-HEIGHT: 115%; FONT-FAMILY: ‘Verdana’, ‘sans-serif’; COLOR: black; FONT-SIZE: 10pt; mso-bidi-font-family: Arial; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-ansi-language: EN-CA; mso-bidi-language: AR-SA”br /China’s draconian export curbs on rare earth minerals needed by the rest of the world for frontier technologies is escalating into a serious diplomatic and trade clash with the United States and other leading powers.br /br /Japan’s foreign minister Katsuya Okada issued what amounted to a formal protest at top-level meeting with Chinese officials in Beijing over the weekend, saying the sudden cut-off was “affecting the global production chain”.br /br /It is the latest sign of rising pressure after angry complaints by companies outside China that rely on this family of 17 metals for hybrid cars, mobile phones, superconductors, navigation, and a host of high-tech industries. Read more a href=”http://www.telegraph.co.uk/finance/newsbysector/industry/mining/7970872/Backlash-over-China-curb-on-metal-exports.html”span style=”color:#0000ff;”here/span/a./span


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Van Loan Says Canada in Early Stages of Mercosur Trade Talks

span style=”LINE-HEIGHT: 115%; FONT-FAMILY: ‘Verdana’, ‘sans-serif’; COLOR: black; FONT-SIZE: 8pt; mso-bidi-font-family: Arial; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-ansi-language: EN-CA; mso-bidi-language: AR-SA”(Bloomberg)br //spanspan style=”LINE-HEIGHT: 115%; FONT-FAMILY: ‘Verdana’, ‘sans-serif’; COLOR: black; FONT-SIZE: 10pt; mso-bidi-font-family: Arial; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-ansi-language: EN-CA; mso-bidi-language: AR-SA”br /Canadian Trade Minister Peter Van Loan said the goverment has started exploratory trade discussions with South America’s Mercosur bloc, which consists of Argentina, Brazil, Paraguay and Uruguay.br /br /“While it’s in an early stage yet, we are pleased with the first steps,” Van Loan said on a conference call with reporters./span