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SWUTC/09/167861-1 the US-Brazil-China Trade and Transportation Triangle
Technical Report Documentation Page 1. Report No. 2. Government Accession No. 3. Recipient's Catalog No. SWUTC/09/167861-1 4. Title and Subtitle 5. Report Date March 2009 The U.S.-Brazil-China Trade and Transportation Triangle: 6. Performing Organization Code Implications for the Southwest Region 7. Author(s) 8. Performing Organization Report No. Dr. Leigh B. Boske and John C. Cuttino Report 167861 9. Performing Organization Name and Address 10. Work Unit No. (TRAIS) Center for Transportation Research University of Texas at Austin 11. Contract or Grant No. 3208 Red River, Suite 200 10727 Austin, Texas 78705-2650 12. Sponsoring Agency Name and Address 13. Type of Report and Period Covered Southwest Region University Transportation Center Texas Transportation Institute Texas A&M University System 14. Sponsoring Agency Code College Station, Texas 77843-3135 15. Supplementary Notes Supported by general revenues from the State of Texas. 16. Abstract The advent of globalization and more integrated international trade has placed increased demands on transportation infrastructure. This report assesses the impacts of triangular trade between and among the United States, Brazil and China with an emphasis on the effects on the U.S. Southwest region. Triangular trade is viewed through a trade corridor analysis of the three sets of bilateral trading relationships. Special emphasis is given to the transportation services that delimit the capacity to carry out triangular trade with particular attention to the latest developments in services and schedules. While international trade trend analysis may point to China’s explosive consumption of raw materials from the U.S. and Brazil, this report also signals the increasing Chinese presence in the U.S. -
The Dominican Republic's Trade, Policies, and Effects in Historical Perspective
Trading development or developing trade? The Dominican Republic’s trade, policies, and effects in historical perspective* LETICIA ARROYO ABAD Profesora asistente del Department of Economics and in the International Politics & Economics, Middlebury College (EEUU). Correo electrónico: [email protected]. La autora es Licenciada en Economía de la Universidad Católica Argentina. Magister en estudios latinoa- mericanos de la University Of Kansas (EEUU). Doctora en economía con especialización en historia económica latinoamericana de la University of California, Davis (EEUU). Entre sus publicaciones tenemos: “Persistent Inequality? Trade, Factor Endowments, and Inequality in Republi- can Latin America”Journal of Economic History 73-1 (2012); y “Between Conquest and Independence: Living Standards in Spanish Latin America”, Explorations in Economic History, 49-2 (2012). Entre sus intereses se encuentran los temas de historia económica latinoamericana, los estudios sobre los estándares de vida, desigualdad e instituciones. AMELIA U. SANTOS-PAULINO Afiliada institucionalmente a la United Nations Conference on Trade and Development (Suiza). Correo electrónico: [email protected]. La autora es Licenciada en Eco- nomía de la Pontificia Universidad Católica Madre y Maestra (República Dominicana) y Doctora en Economía de la University of Kent (Reino Unido). Tenemos entre sus publi- caciones recientes: “Can Free Trade Agreements Reduce Economic Vulnerability?,” South African Journal of Economics Vol. 74, 4 (2011) y “The Dominican Republic Trade Policy Review 2008,” The World Economy Vol. 33,11 (2010). Sus líneas de investigación son: comercio exterior y desarrollo económico. Recibido: 30 de noviembre de 2012 Aprobado: 03 de abril de 2013 Modificado: 15 de mayo de 2013 Artículo de investigación científica * El presente artículo es resultado del proyecto de investigación “Long-term economic growth and 209 development”; financiada por la Foundation and the American Philosophical Society, (EEUU). -
COVID-19: China Medical Supply Chains and Broader Trade Issues
COVID-19: China Medical Supply Chains and Broader Trade Issues Updated December 23, 2020 Congressional Research Service https://crsreports.congress.gov R46304 SUMMARY R46304 COVID-19: China Medical Supply Chains and December 23, 2020 Broader Trade Issues Karen M. Sutter, The outbreak of Coronavirus Disease 2019 (COVID-19), first in China, and then Coordinator globally, including in the United States, has drawn attention to the ways in which the Specialist in Asian Trade U.S. economy depends on manufacturing and supply chains based in China. This report and Finance aims to assess current developments and identify immediate and longer range China trade issues for Congress. Andres B. Schwarzenberg Analyst in International An area of particular concern to Congress has been U.S. shortages in medical supplies— Trade and Finance including personal protective equipment (PPE) and pharmaceuticals—as the United States stepped up efforts to contain the COVID-19 pandemic with limited domestic Michael D. Sutherland stockpiles and insufficient U.S. industrial capacity. Because of China’s role as a global Analyst in International supplier of PPE, medical devices, antibiotics, and active pharmaceutical ingredients, Trade and Finance reduced exports from China led to shortages of critical medical supplies in the United States. Exacerbating the situation, in early February 2020, the Chinese government nationalized control of the production and distribution of medical supplies in China— directing all production for domestic use—and directed the bureaucracy and Chinese industry to secure supplies from the global market. Once past the initial peak of its COVID-19 outbreak, the Chinese government appears to have prioritized certain countries and selectively released some medical supplies for overseas delivery. -
Balance Trade
SECTION 2 • CHAPTER 4 Balance trade In this Oct. 18, 2011 photo, crew members look on as containers are offloaded from the cargo ship Stadt Rotenburg at Port Everglades in Fort Lauderdale. AP PHOTO/WILFREDO LEE oods and services trade—exports plus imports—now account for nearly one-third of overall U.S. economic Gactivity,2 meaning trade’s importance to the economy has never been greater. The United States is the world’s largest exporter,3 with exports directly supporting an estimated 9.7 million jobs.4 At the same time, the United States is also the world’s largest importer, and herein lies the problem. Over the past 30 years, our trade balance has been shifting in the wrong direction—toward more imports than exports—and reached a $560 billion deficit in 2012.5 While imports can be a boon to U.S. economic ing also carry offsetting costs, including job productivity and American living standards, losses domestically. Second, in order to pay providing consumers and business with for the imports from abroad that exceed U.S. access to a larger variety of goods and ser- exports, the U.S. economy must balance this vices at lower costs than would otherwise be trade deficit by selling assets—stocks, bonds, the case, there is also a price to pay. and other assets such as companies and real estate—to overseas purchasers. Mounting trade deficits present two key problems for the U.S. economy. First, the Our trade imbalance has resulted from a economic benefits made possible by import- number of factors. -
World Trade Statistical Review 2021
World Trade Statistical Review 2021 8% 4.3 111.7 4% 3% 0.0 -0.2 -0.7 Insurance and pension services Financial services Computer services -3.3 -5.4 World Trade StatisticalWorld Review 2021 -15.5 93.7 cultural and Personal, services recreational -14% Construction -18% 2021Q1 2019Q4 2019Q3 2020Q1 2020Q4 2020Q3 2020Q2 Merchandise trade volume About the WTO The World Trade Organization deals with the global rules of trade between nations. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible. About this publication World Trade Statistical Review provides a detailed analysis of the latest developments in world trade. It is the WTO’s flagship statistical publication and is produced on an annual basis. For more information All data used in this report, as well as additional charts and tables not included, can be downloaded from the WTO web site at www.wto.org/statistics World Trade Statistical Review 2021 I. Introduction 4 Acknowledgements 6 A message from Director-General 7 II. Highlights of world trade in 2020 and the impact of COVID-19 8 World trade overview 10 Merchandise trade 12 Commercial services 15 Leading traders 18 Least-developed countries 19 III. World trade and economic growth, 2020-21 20 Trade and GDP in 2020 and early 2021 22 Merchandise trade volume 23 Commodity prices 26 Exchange rates 27 Merchandise and services trade values 28 Leading indicators of trade 31 Economic recovery from COVID-19 34 IV. Composition, definitions & methodology 40 Composition of geographical and economic groupings 42 Definitions and methodology 42 Specific notes for selected economies 49 Statistical sources 50 Abbreviations and symbols 51 V. -
U.S. Protectionism and Trade Imbalance Between the U.S. and Northeast Asian Countries1
INTERNATIONAL ORGANISATIONS RESEARCH JOURNAL. Vol. 13. No 2 (2018) U.S. Protectionism and Trade Imbalance between the U.S. and Northeast Asian Countries1 S.-C. Park Sang-Chul Park – Doctor, Professor, Graduate School of Knowledge Based Technology and Energy, Korea Polytechnic University; 2121, Jeongwang-Dong, Siheung-City, Gyeonggi-Do, 429-793, Korea; E-mail: [email protected] Abstract Trade growth has slowed since the global financial crisis. In 2016, growth in the volume of world trade was 1.9%, down from the 2.8% increase registered in 2015. Imports to developed countries will be moderate in 2017, while demand for imported goods in developing Asian economies could continue to rise. Despite rising imports into Asia, the ratio of trade growth in the world has been lower than the ratio of global economic growth since 2013. Therefore, many countries have tried to create bilateral, multilateral, regional and mega free trade agreements (FTAs) in order to boost their trade volumes and economic growth. East Asian countries try to build regional FTAs and participate in different mega FTAs such as the Regional Comprehensive Economic Partnership (RCEP) and the Trans-Pacific Partnership (TPP). As a result, their economic interests are rather deeply divided and are related to political and security issues in the East Asian context. At the same time, the protectionism led by the Trump administration in the U.S. stands in contrast to the approach taken by East Asian countries. This paper deals with this development and explores why the U.S. has turned from free and open trade toward so-called fair trade based on a policy of “America first.” It also offers an analysis of the reasons for trade imbalances between the U.S. -
Agricultural Trade & Policy Responses During the First Wave of the COVID
AGRICULTURAL TRADE & POLICY RESPONSES DURING THE FIRST WAVE OF THE COVID-19 PANDEMIC IN 2020 AGRICULTURAL TRADE & POLICY RESPONSES DURING THE FIRST WAVE OF THE COVID-19 PANDEMIC IN 2020 Food and Agriculture Organization of the United Nations Rome, 2021 Required citation: FAO. 2021. Agricultural trade & policy responses during the first wave of the COVID-19 pandemic in 2020. Rome. The designations employed and the presentation of material in this information product do not imply the expression of any opinion whatsoever on the part of the Food and Agriculture Organization of the United Nations (FAO) concerning the legal or development status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries. The mention of specific companies or products of manufacturers, whether or not these have been patented, does not imply that these have been endorsed or recommended by FAO in preference to others of a similar nature that are not mentioned. ISBN 978-92-5-134366-1 © FAO, 2021 Some rights reserved. This work is made available under the Creative Commons Attribution- NonCommercial-ShareAlike 3.0 IGO licence (CC BY-NC-SA 3.0 IGO; https://creativecommons.org/licenses/by-nc-sa/3.0/igo/legalcode). Under the terms of this licence, this work may be copied, redistributed and adapted for non-commercial purposes, provided that the work is appropriately cited. In any use of this work, there should be no suggestion that FAO endorses any specific organization, products or services. The use of the FAO logo is not permitted. -
Capturing and Utilizing Services Trade Statistics a Guide for Statistical Compilers in Developing Countries
Capturing and Utilizing Services Trade Statistics A Guide for Statistical Compilers in Developing Countries Why Do You Need Improved Services Trade Statistics? The most critical use for services statistics is to understand accurately the role that service industries are playing in your economy. When statistics about the service sector are not reported or are overlooked, governments lack the data to make informed policy and resource allocation choices. Reasons for capturing services statistics include: Grasp the importance of the service sector and the contribution of service industries Assess the effectiveness of services trade promotion strategies (i.e., has there been any change in volume of exports, number of service exporters, or range of export markets) Assess the impact of services trade agreements (i.e., has there been a change in the volume of specific types of exports to designated markets) Analyse the pattern of service imports It is important to note that, in contrast to goods trade data, only tourism statistics can realistically be tracked and reported monthly and thus used for selecting export markets. Services trade data is generally collected from annual financial reports. Given that the competitive opportunities in services shift every couple of months and market opportunities are not protected by patent or copyright, data that are over a year old are not useful in export market selection. Is It Possible to Collect Services Trade Statistics? Many people assert that it is impossible to get good statistics on services trade, implying that it is not possible to collect them. This is not true. There is no reason why an economy cannot have complete and timely services trade data – as long as this data collection is made a priority. -
Monitoring and Reporting Methods Under an Arms Trade Treaty
Transparency and Accountability Monitoring and Reporting Methods Under An Arms Trade Treaty Sergio Finardi and Peter Danssaert International Peace Information Service and TransArms-R February 2012 Transparency and Accountability Editorial Title: Transparency and Accountability - Monitoring and Reporting Methods Under An Arms Trade Treaty Authors: Sergio Finardi and Peter Danssaert Issued: February 2012 This report was originally prepared in 2009 for the internal use of Amnesty International staff. After receiving requests from other organizations on the issue of common standards for the ATT, the report is now jointly published, with updates and additions, by the International Peace Information Service vzw and TransArms-Research. The authors take full responsibility for the final text and views expressed in this report but wish to thank Brian Wood (Amnesty International) for his several inputs and advice and also wish to acknowledge the support of Amnesty International. Copyright 2012: TransArms (USA). No part of this report should be reproduced in any forms without the written permission of the authors. For further information please contact : Sergio Finardi – TransArms Research (Chicago, USA) +1-773-327-1431, [email protected] Peter Danssaert - IPIS (Antwerp, Belgium) +32 3 225 00 22, [email protected] IPIS vzw – TransArms-R Transparency and Accountability - Common Standards for the ATT Table of Contents The Report - Executive Summary.................................................................. 3 I. Introduction........................................................................................... -
Rethinking Development Strategies: Some Lessons from East Asian Experience
Part Two RETHINKING DEVELOPMENT STRATEGIES: SOME LESSONS FROM EAST ASIAN EXPERIENCE Introduction 73 Introduction Rapid growth, rising living standards and in- linkages have added a distinct dimension to the East creased international competitiveness in the Asian growth experience. Following the lead of economies of East Asia have caught the attention the earlier Report, it also examines the role of poli- of policymakers and researchers in other develop- cies in linking exports to investment, as well as in ing regions, as well as in the developed world. A upgrading and diversifying export structures. In broad debate has consequently opened up on the this context, the complementarity between effec- lessons that can be drawn for meeting the wider tive export promotion measures and import challenges of economic development. The region’s substitution policies is examined. Differences performance relative to other regions can no longer among countries in the choice and effectiveness of be regarded as a passing phenomenon. But how policies are explored, as well as those within the such high and sustained rates of growth have been region between the first-tier NIEs and the second- achieved among a large group of economies is still tier ones (Indonesia, Malaysia and Thailand). the subject of debate. To date opinion has been divided. On one view, the experience confirms the From this perspective the issue of replicating case for “getting prices right” through the free play East Asian success outside the region comes into of market forces. On another, it points to the lim- sharper focus. Broadly speaking, outward-oriented its of price signals as a guide to the process of development is a dynamic process where invest- capital accumulation and technological catching- ment, imports, exports and industrial upgrading are up, and confirms the benefits to be drawn from closely intertwined. -
Choosing the Right Incoterm for Your Canadian Shipping Strategy
DUTY PAID OR DUTY UNPAID? Choosing the Right Incoterm for Your Canadian Shipping Strategy ©2015 Purolator International, Inc. Duty Paid or Duty Unpaid? Choosing the Right Incoterm for Your Canadian Shipping Strategy Introduction Ask any retailer that ships regularly to Canada Because of Incoterms, buyers and sellers have a what its top logistics and transportation priorities clear understanding of what constitutes “delivery,” are and you’ll probably hear things like “reducing for example, and which party is responsible for transit time” or “cutting costs.” You probably won’t unloading a vehicle or who is liable for certain hear anyone say: “Choosing the right Incoterm payments. This avoids costly mistakes and keeps me up at night.” misunderstandings. Most shippers have probably never even heard Incoterms is shorthand for “International Commerce of Incoterms or maybe have only a very general Terms,” and they are developed and maintained understanding of the concept. In fact though, by the International Chamber of Commerce (ICC), Incoterms are a critical part of international located in Paris, France. The first series of commerce and an essential part of any Incoterms was adopted in 1936 and provided international border clearance. As this discussion a common understanding of specific trade terms. will make clear, assigning the right Incoterm to a particular shipment is tremendously The Paris-based International Chamber important for a number of reasons. of Commerce has maintained the globally recognized list of Incoterms since 1936. But what exactly is an Incoterm? Essentially, Incoterms set “the rules of the road” for “At first sight, both parties know who is in charge, international commerce and ensure that businesses and who bears the risks and the costs of transport, all over the world abide by the same definitions insurance, documents, and formalities”, Dr. -
THE UNCTAD TRADE POLICY SIMULATION MODEL a Note on The
UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT THE UNCTAD TRADE POLICY SIMULATION MODEL A note on the methodology, data and uses Sam Laird and Alexander Yeats No. 19 The opinions expressed in this paper do not necessarily reflect those of the UNCTAD secretariat. Comments on this paper are invited and should be addressed to the author, c/o the Chairman, UNCTAD Editorial Advisory Board, Palais des Nations, 1211 Geneva 10, Switzerland. Additional copies of this paper may be obtained on request. THE UNCTAD TRADE POLICY SIMULATION MODEL A note on the methodology, data and uses Sam Laird and Alexander Yeats Geneva October 1986 GE.86-57273 CONTENTS Section Page PREFACE INTRODUCTION 1 I. THE BASIC DATA AND PARAMETERS 4 A. Tariffs 4 B. Non-tariff barriers 5 C. Imports 9 D. Market penetration data 10 E. Elasticities 11 F. Concordances 13 II. USES OF THE MODEL 14 III. FUTURE WORK ON THE MODEL 16 IV. CO-OPERATION WITH OTHER ORGANIZATIONS 18 ANNEX I: TECHNICAL DESCRIPTION OF THE UNCTAD TRADE POLICY SIMULATION MODEL 20 ANNEX II: PRIMARY SOURCES FOR ESTIMATES OF THE TARIFF EQUIVALENTS OF NON-TARIFF BARRIERS 26 ANNEX III: ILUSTRATIONS OF SIMULATIONS MADE WITH THE UNCTAD MODEL 27 Table A1: Grains to developing countries of trade liberalization through reduction to zero of tariffs in 20 DMECs, and (b) reduction to zero of tariffs and certain non-tariff barriers (NTBs) in EEC, Japan and the United States; 29 Table A2: Increases in imports by EEC from preference-receiving countries through MFN liberalization of tariffs and non-tariffs barriers; 30 Table A3: Actual values and projected changes in exports and trade balances for selected developing countries due to the adoption of a GSTP; 31 Table A4: Projected changes in the structure of developing countries’ intra-trade in primary and processed commodities under preferential tariffs; 32 Table A5: Analysis of the influence of a debt-related trade liberalization on the export of all and selected developing countries.