Archive for the ‘trade’ Category

Using the Internet to Promote Services Exports by Small- and Medium-Sized Enterprises

April 23, 2015 Comments off

Using the Internet to Promote Services Exports by Small- and Medium-Sized Enterprises (PDF)
Source: Brookings Institution

This paper discusses the importance of services exports for the U.S. economy. In this context, the paper analyzes how export promotion agencies (EPAs) can use the Internet to grow services exports by small- and medium-sized enterprises (SMEs).

The first part of this paper discusses how engaging in international trade benefits services SMEs and the U.S. economy. Part 2 provides an overview of the barriers faced by SME service firms in using the Internet to go global and analyzes the different ways that SMEs use the Internet, from reaching consumers globally, communicating with suppliers, to becoming part of global supply chains. Based on interviews and an online survey with export promotion agencies (EPAs) in the U.S. and select other countries, Part 3 describes how EPAs are engaging service SMEs and assisting them in using the Internet to become international traders. Part 4 draws on the experiences of EPA support for SME services exporters and recommends how to scale up some of these approaches in ways that would have a broader impact on SME services exports.1 The paper concludes with thoughts on future research.

CRS — Major Agricultural Trade Issues in the 114th Congress (February 10, 2015)

April 22, 2015 Comments off

Major Agricultural Trade Issues in the 114th Congress (PDF)
Source: Congressional Research Service (via National Agricultural Law Center)

Trade, including agricultural trade, is clearly on the national agenda in the 114th Congress. The United States is engaged in negotiating two large regional trade agreements—the Trans-Pacific Partnership (TPP) among 12 Pacific-facing nations, and the Transatlantic Trade and Investment Partnership (T-TIP) with the European Union. These agreements hold the potential to expand foreign markets for U.S. farmers and food processors by eliminating, or substantially lowering, tariffs and restrictive quotas around certain commodities, such as rice and pork in Japan, or by dismantling supply management programs that protect poultry, eggs, and dairy in Canada. Also on the negotiating agenda are non-tariff trade barriers, including certain sanitary and phytosanitary (SPS) measures that governments employ to safeguard human, animal, and plant health, but which may also be used to deter imports. Geographic Indications (GI) that restrict the use of common names for certain agricultural products and can thereby impede trade in U.S. farm products are on the agenda of U.S. negotiators in both TPP and T-TIP. At the global level, further liberalization of agricultural trade is an objective of the Doha Round of multilateral trade negotiations under the World Trade Organization (WTO), but those talks have effectively stalled.

CRS — Small Business Administration Trade and Export Promotion Programs (February 3, 2015)

April 21, 2015 Comments off

Small Business Administration Trade and Export Promotion Programs (PDF)
Source: COngressional Research Service (via National Agricultural Law Center)

According to Census Bureau data, approximately 1% of small businesses in the United States currently export. With roughly three-quarters of world purchasing power and almost 95% of world consumers living outside U.S. borders, more attention is being paid to the potential of small business export promotion programs to grow small businesses and contribute to the national economic recovery. In addition, some Members of Congress believe the contributions of small businesses to commercial innovation and economic growth could be enhanced through greater access to growing international markets.

Consistent with these policy goals, the Small Business Administration (SBA) provides export promotion and financing services to small businesses through its loan guaranty programs, management and training programs, and other initiatives. SBA’s Office of International Trade (OIT) coordinates these activities as it assists with four stages of export promotion: (1) identifying small businesses interested in export promotion; (2) preparing small businesses to export; (3) connecting small businesses to export opportunities; and (4) supporting small businesses once they find export opportunities.

New Administration Report: Exports Helping to Support Jobs, Grow Small Businesses Across America

April 14, 2015 Comments off

New Administration Report: Exports Helping to Support Jobs, Grow Small Businesses Across America
Source: U.S. Department of Commerce

U.S. Commerce Secretary Penny Pritzker and United States Trade Representative Michael Froman today released a new report that shows that the number of jobs supported by goods exports continues to rise in states across the country. The report also includes individual success stories, in all 50 states, of small and medium sized businesses that are using exports to expand their businesses and support well-paying American jobs.

China’s Economic Ties with ASEAN: A Country-By-Country Analysis

March 23, 2015 Comments off

China’s Economic Ties with ASEAN: A Country-By-Country Analysis
Source: U.S.-China Economic and Security Review Commission (USCC)

This paper assesses China’s relative significance for individual ASEAN economies. It starts with an overview of China’s trade and investment relations with ASEAN as a whole. The paper then provides descriptive statistics on each ASEAN country’s composition of foreign trade by product and top trade partner, as well as foreign direct investment (FDI) flows. It also provides a brief analysis of commercial disputes and bilateral cooperation with China.

2014 North American Freight Numbers

March 20, 2015 Comments off

2014 North American Freight Numbers
Source: Bureau of Transportation Statistics

Four of five transportation modes – truck, rail, pipeline, and vessel – carried more U.S. freight with North American Free Trade Agreement (NAFTA) partners Canada and Mexico by value in 2014 than in 2013 as the overall value of freight on all modes rose 4.5 percent in current dollars to $1.2 trillion, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS) (Figure 1 and Table 1).

In 2014 compared to 2013, the value of commodities moving by pipeline grew the most, 12.5 percent, despite a decline in cost per unit of petroleum products, due to the increased volume of freight. Truck increased 4.5 percent, rail increased 1.5 percent, vessel increased 0.2 percent, and air decreased 0.2 percent.

The Intellectual Basis of U.S. Trade Policy Trench Warfare

March 19, 2015 Comments off

The Intellectual Basis of U.S. Trade Policy Trench Warfare
Source: Information Technology & Innovation Foundation

At its core, trade policy is based in economics. And despite what many economists claim, economics is not a science. And, as with economics, intellectual approaches to the issue of trade differ substantially. These approaches reflect differences in economic doctrine among economists, policymakers and others. This paper postulates and describes three competing economic doctrines that shape the current U.S. trade debate: the predominant neoclassical doctrine (NC), the oppositional neo-Keynesian doctrine (NK), and the emerging innovation economics (IE) doctrine. The IE doctrine (IE) not only more accurately reflects the reality of the 21st century global innovation economy but offers the best opportunity for creating at least some actionable consensus on trade policy moving forward.