Industry Blog

United States - Korea Free Trade Agreement Proclaimed

On March 6th, President Obama released the official proclamation to implement the United States-Korea Free Trade Agreement.

This agreement provides certain treatment to originating goods of Korea in the HTS as set forth in Annex I of Publication 4308 of the United States International Trade Commission, entitled “Modifications to the Harmonized Tariff Schedule of the United States to Implement the United States-Korea Free Trade Agreement.”

Why Go Global?

Global Trade is growing fast. International trade has grown from $9 trillion in 2005 to $16 trillion in 2009. World trade is predicted to grow 7-9% annually. That would result in trade volume reaching $70 trillion by 2025. The global economy is the new reality, and businesses of all sizes can benefit from selling internationally. Now is the time to go global.

Thai Office Minister on the Sanctioned Parties List

Doing business with Thailand might get difficult now that one of the Prime Ministers appointees includes someone on the sanctioned parties list. 

Thai Prime Minister Yingluck Shinawatra reshuffled her cabinet which resulted in 10 new appointments. One of the new appointments was given to Nalinee Taveesin who was given the title of Prime Ministers Office Minister. 

Global Trade in Commercial Services Rises 12 percent

The World Trade Organization released a statement that according to its latest data, world exports in commercial services are rising. Data shows that commercial services increased by 12% in the third quarter of 2011 compared to the third quarter of 2010.

These estimates are based on aggregated data from individual reporters. Data is taken from quarterly balance-of-payments statistics taken from IMF and Eurostat. This data is further supplemented with estimates of missing data and national sources.

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