posts tagged with Trade

Trade Facilitation – Opening Doors All Around the World

tp2013_0129.jpg.jpeg International trade is ever-changing. Billions of products are bought and sold daily and markets emerge in the blink of an eye. It is a complex industry that can open a whole new world of opportunities for the smallest of countries.

We’ve been hearing a lot about trade facilitation after The World Trade Organization (WTO) international trade pact known as the “Bali package” launched. The recent changes noted in the Bali package indicate that all WTO’s 159 member nations will move to handle trade facilitation the same way. So how does this package benefit importers, exporters, companies and commerce? It’s all about moving products beyond the borders. The WTO is working to reduce customs delays, streamline shipments and improve trade with developing countries. Companies of all sizes are shipping more and they’re shipping all over the world...

New Markets, New Customers

ASEAN MAP.jpg.jpeg At FedEx we see the results of choke points in global trade every day – when protectionist policies create bottlenecks of red tape that end up strangling cross- border trade. Whether you order a product as a consumer or run a business, the experience of trading internationally runs headlong into cumbersome and outdated rules and regulations.

It’s a complex problem with a specific set of solutions.

First, nations need to unleash the full potential of the internet to create new trade. Time has long past to harmonize procedures for customs regulations and to allow online filing of electronic documents. The US-led Trans-Pacific Partnership trade agreement...

Why Indy Means Business

Plane_V8I7791TakeOffFinal.jpg.jpeg Starting this April, huge Boeing 777 cargo aircraft will begin streaming in and out of Indianapolis four nights a week coming from the new FedEx Express hub in Osaka, Japan. Locating our FedEx North Pacific Regional Hub on the western edge of Japan is partly due to a combination of geography, flight optimization, package consolidation, and something the Kansai International Airport (KIX) shares with the Indianapolis International Airport (IND) – they are open for business 24/7. So is the U.S. economy.

Global gateways, like the Indy Hub, are essential to keep today’s customers and suppliers throughout America competitive in the world economy. US exports to Asia have been steadily increasing...

Trade Promotion Authority: Essential to our customers, business and country

dc-capitol.png In the coming weeks, the U.S. Congress will have the opportunity to take a step that will significantly advance free trade and our economy –renewing Trade Promotion Authority, or TPA.

For three decades, U.S. presidents have had the authority to negotiate complex trade deals with other nations, and present the results for an up-or-down vote. Congress last passed this trade authorization in 2002 and since then, the US has added trade agreements with 16 countries.

It is critical Congress reauthorize this important legislative tool to ensure the U.S. maintains a credible bargaining position and continues...

Get ready for the (next) Asian trade revolution

Picture_1.jpg.jpeg When I moved to Asia in 1994, the most common shipment was electronics.

Think big and expensive. The first, mass-produced PCs were spreading like wildfire, and innovations like the “personal communicator” – dubbed “bricks” due to their size and weight – were starting to take off.

I vividly remember those days. Around five years earlier, I’d been involved in the FedEx purchase of Asia’s Flying Tigers airlines, which as far back as the 1940s was known by its tagline – “We haul anything anywhere.” It was a critical acquisition for us because it gave us the air rights and the authority to connect Asia globally.

But there was a much different tiger on the scene by the time...