Industry News

International Export/Trade Issues

China reports large trade deficit
China posted its largest trade deficit in at least a decade in February, after imports of commodities jumped as companies built up supplies.
BBC News – 3/11/2012

Equipment Makers Expect To Benefit From New Trade Pacts
U.S. construction equipment makers are expected to be among the industry sectors that stand to benefit from new trade agreements between the U.S. and South Korea, Columbia and Panama, government and industry officials say.
Engineering News Record – 10/14/2011

Congress Will Be Focusing on FTAs This Week
Senate is following House lead and acting swiftly on pending trade deals.
FarmFutures.com – 10/10/2011

Frustration Growing as FTAs Remain Undone
Frustration is the word wheat producers, commodity groups and even overseas customers of the United States are using to describe still-stalled free trade agreements.U.S.
FarmFutures.com – 8/24/2011

Canadian-Colombian Free Trade Agreement In Effect
The free trade agreement between Canada and Colombia became official last week. Most agricultural products from Canada will now enter Colombia duty free. U.S. products are still subject to a base tariff of 10% as the wait continues for the pending free trade agreement between the U.S. and Colombia to be sent to Congress and passed.
FarmFutures.com – 8/23/2011

No action on FTAs before September
Congress may have finally taken action on the debt ceiling last week, but it comes as no surprise that they left town with other significant unfinished business.
AgProfessional – 8/9/2011

BTS: Surface trade with Canada, Mexico rose 15.7 percent
Trade using surface transportation between the United States and its North American neighbors, Canada and Mexico, was 15.7 percent higher in May 2011 than in May 2010, totaling $77.3 billion, according to the Bureau of Transportation Statistics (BTS) of the U.S. Department of Transportation.
Equipment World – 8/2/2011

Obama Administration Sending Mixed Signals On Free Trade Agreements
The Obama administration is sending mixed signals on whether it is ready to move forward with the three pending free trade agreements.
AgriMarketing – 7/25/2011

Volume Up 17% Under So. Korea, EU Free Trade Agreement
he South Korea- European Union free trade agreement that went into effect July first reportedly is showing increased trade between the two.
AgriMarketing – 7/21/2011

Senate, House Committees Approve Free Trade Agreements Via Mock Markup Process
The American Farm Bureau Federation is pleased both the Senate and House committees have approved the Korea, Colombia and Panama free trade agreements through the mock markup process. The process toward finalizing these important trade deals is heading in the right direction.
AgriMarketing – 7/8/2011