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Australian grapes come at Korea

06

Jan 2014


Global Sourcing, Opportunities
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Australian grapes come at Korea

Korean authorities have agreed to finalize conditions for the import of Australian grapes, just in time for the Southern Hemisphere country’s upcoming season. Australian Table Grape Association (ATGA) chief executive officer Jeff Scott said the successful negotiation and market access achievement was the result of close collaboration between the ATGA and the Department of Agriculture, Fisheries and Forestry (DAFF). “We expect trade to occur later in this coming harvest season once...

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Things To Know About The TPP

30

Dec 2013


Global Sourcing, Logistics, Opportunities, Safety and Compliance
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Things To Know About The TPP

The three-year-old Trans-Pacific Partnership talks, now involving 12 nations, are aimed at lowering trade barriers across a wide range of sectors in 12 Pacific Rim counties that would stretch from U.S. to New Zealand and from Japan to Chile. TPP, arguably the most important trade agreement in a generation, emerged following nearly a decade of disappointment in trade talks. The World Trade Organization’s Doha Development Round of talks first collapsed in 2003 and effectively died with th...

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4 key elements that will transform B2B

23

Dec 2013


Global Sourcing, Opportunities, Safety and Compliance, Supplier Assessment
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4 key elements that will transform B2B

2014 will be the "Year of E-Engagement" for B2B Commerce, Driven by Explosive Growth of Social, Mobile and Cloud. Use of Business Commerce Networks, E-Invoicing, E-Payment Solutions will Rapidly Rise as Companies Seek Better Cash Flow. 1. 2014 Will Be The Year Of ‘E-Everything’ In today’s real-time social, mobile and cloud-based environment, business users are demanding access to information and the ability to process tasks in a matter of seconds or minutes. Finance and procureme...

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Top 10 problems in International Trade

20

Dec 2013


Global Sourcing, Quality Control, Quality Management, Safety and Compliance, Supplier Assessment
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Top 10 problems in International Trade

The most common issues you can face doing international trade: 1. Distance: Due to long distance between different countries, it is difficult to establish quick and close trade contacts between traders. Buyers and sellers rarely meet one another and personal contact is rarely possible. There is a great time lag between placement of order and receipt of goods from foreign countries. Distance creates higher costs of transportation and greater risks. 2. Different languages: Different lang...

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US trade with China seen rising

20

Dec 2013


Global Sourcing, Opportunities
1 comment

US trade with China seen rising

The US may overtake the European Union (EU) to become China's largest trade partner this year , Wei Jianguo, former vice minister of commerce, forecast on Wednesday. The prediction is based on the robust economic recovery in the US and trade frictions between China and the EU, Wei told a forum held by the China Chamber of International Commerce in Beijing. The EU has been China's largest trade partner since 2004. In the first 11 months of this year, China's trade value with the EU was st...

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How China is implementing the Reform?

02

Dec 2013


Global Sourcing, Opportunities
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How China is implementing the Reform?

The Third Plenum provided an impressive statement of reform intentions, but it changed nothing on the ground. Capital Economics pointed to these six signposts to look for to gauge how rapidly new policies will actually be implemented.   1. 2014 GDP target.   The coming weeks should provide a few clues on how fast the leadership intends to act. The National Development and Reform Commission, China’s top economic planner, this week said it is drafting a reform plan for 2014. China-...

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