Topic Category: Trade & Finance

The United States completed negotiations and signed free trade agreements (FTAs) with Colombia in November 2006, and with Panama and South Korea in June 2007.(1)  After much political wrangling, these agreements became stalled in Washington, D.C.

However, after various changes were made to the deals, in mid-October, with large bipartisan support, the United States' House and Senate approved the FTAs with all three countries. Soon afterward, on October 21st, President Obama signed legislation to implement the new accords. The governments of Panama, Colombia and South Korea approved their bilateral deals and now must demonstrate compliance.(2)

Topic: Trade & Finance
Read More Comment (0) Hits: 3370

The impact of a declining greenback is no longer black and white.

A weakening dollar traditionally resulted in lower priced American exports that stimulated sales abroad. It also caused the price of foreign goods and services to rise, reducing U.S. demand and effectively lowering the trade deficit. These past realities, although still applicable, no longer play out as they did years ago.

Topic: Trade & Finance
Read More Comment (0) Hits: 3128

The integration of national markets through international trade and investment, known as economic globalization, has had an enormous beneficial impact on the world. Based on capitalism and powered by advances in telecommunications, transportation and finance, globalization has boosted competitiveness, productivity, innovation, and standards of living. Plus, it has enabled companies and individuals to establish relationships anywhere in the world. But that's not all.

Topic: Trade & Finance
Read More Comment (0) Hits: 9133

From the Korean War to Operation Just Cause in Panama to Plan Colombia, the U.S. has expended lives and treasure to protect Colombia, Panama, and South Korea from Communist aggression, narco-violence, insurgency, and misrule. The investment has paid off.

Topic: Trade & Finance
Read More Comment (0) Hits: 2976

After four years of stasis on the trade front, the new post-election environment is a welcome change. Removing barriers to trade—in both directions—is essential to sustained economic recovery and long-term growth.

Topic: Trade & Finance
Read More Comment (0) Hits: 4066

The recent visit of China’s President Hu Jintao was considered a diplomatic success. But it seems only to have hardened the determination of New York Sen. Charles Schumer and other Chinese critics.

It’s a mistake to see China as a monolithic economic rival to the U.S. And while certain U.S. companies do compete head to head with Chinese manufacturers, producers in both countries occupy different locations in an increasingly complex global supply chain. In fact, U.S. companies are more likely to be collaborators than competitors.

Topic: Trade & Finance
Read More Comment (0) Hits: 2980

President Barack Obama took office with a record of skepticism toward free trade, including several free trade agreements negotiated by the Bush administration. The Democratic Congress was even more hostile to liberalizing international commerce.

Now that the president has made trade promotion an administration priority—one of the surest strategies to grow the economy and increase higher-paying employment—he has endorsed the free trade agreement with South Korea. The deal, which has support from many Republicans as well as some Democrats, will soon be submitted for a vote.

Topic: Trade & Finance
Read More Comment (0) Hits: 3272

A recent " Street Journal" headline screamed: “Americans Sour on Trade.” And why shouldn’t they? After all, the public is routinely bombarded with misleading or simplistic trade coverage that too often relies on cliché, innuendo and regurgitated conventional wisdom: it’s Team America versus the world. Without the war metaphor, trade is just a peaceful, mutually enriching endeavor between consenting parties. But that’s too boring.

Topic: Trade & Finance
Read More Comment (0) Hits: 3109

Between July 2005-July 2008, the Chinese currency, the renminbi, also known as the yuan, appreciated 21 percent against the dollar. But due to a variety of factors, the price of Chinese goods exported to the United States only rose by single digits. Today, again, the Chinese currency is on the rise, but six factors are expected to keep Chinese prices from rising significantly or will have little upward impact.

Topic: Trade & Finance
Read More Comment (0) Hits: 3119

In our ultra-competitive world of globalization, nations are increasingly teaming up to achieve higher levels of competitiveness and greater economic growth. And as the deepest and longest recession since the Great Depression recedes—creating new economic realities—this is even more important. Unfortunately, the U.S. isn’t keeping pace with other countries. In fact, it’s significantly falling behind.

Currently, the United States is a party to only 11 active free trade agreements involving 17 countries. Today, there are well over 300 existing free trade agreements in force around the world without U.S. participation. And dozens more are being negotiated at a swift pace while the U.S. sits on the sidelines. This is putting American companies at a competitive disadvantage.

Topic: Trade & Finance
Read More Comment (0) Hits: 4819

Quick Search

Stock Watch

FREE Impact Analysis

Get an inside perspective and stay on top of the most important issues in today's Global Economic Arena. Subscribe to The Manzella Report's FREE Impact Analysis Newsletter today!