Posts tagged "International trade"

Supply Chain Key to Success in China

10

Feb 2014


Global Sourcing, Logistics, Opportunities, Safety and Compliance
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Supply Chain Key to Success in China

It’s no secret that China’s domestic consumption is rising rapidly. Chinese consumers are buying more of everything (from apparel and white goods to luxury items and home ware) and as they buy more, from more channels, including online, at single brand stores and from large specialty chains, domestic and foreign owned companies have to re-asses their supply chain infrastructure in China for both selling and making goods. Supply Chain in China was once an afterthought or was only thought o...

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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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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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Direct Use of Yuan and Yen

11

Jan 2012


Global Sourcing, Logistics
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Direct Use of Yuan and Yen

Chinese Premier Wen Jiabao told visiting Japanese Prime Minster Yoshihiko Noda that China is willing to work with Japan in promoting the direct use of their respective currencies in bilateral trade.   China's central bank announced shortly after the Wen-Noda talks to encourage the direct use of Chinese currency RMB, or the yuan, and Japanese yen in cross-border transactions between China and Japan.   The agreement is expected to give the Chinese yuan a more powerful role in...

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China: ASEAN Prime Trade Partners

01

Nov 2011


Global Sourcing, Logistics
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China: ASEAN Prime Trade Partners

Indonesian exporters and importers regarded China and ASEAN countries as their prime business partners within the next six months, a report released by Hong Kong Shanghai Banking Corporation (HSBC) said on Wednesday.   The report that was yielded from the results of a bank's Trade Confidence Index (CTI) survey said that Germany was also considered as a potential trading partner with positive trade growth prospect.   The report also said that China, Singapore, Japan, the Uni...

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