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Why Trade Treaties and Free Trade Are Important

  1. Why Trade Treaties And Free Trade Are Important
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  5. Walloonia temporarily halted the comprehensive economic & trade agreement (CETA) between Canada and the EU; only two last-minute side letters from the belgian government to the walloon assembly enabled the belgians to provide the unanimous vote necessary for the EU to sign with Canada.
  6. One wonders why the removal of some 9,800 tariffs that would facilitate increased sales and lower prices for Canadian / EU consumers and manufacturers is considered negative.
  7. Interestingly and what many want to know is how the recent U.S. Election results will affect it all. One of the platforms from the president elect has made trade treaties increasingly unpopular as populist and nativist groups worldwide argue against them.
  8. You Snooze You Lose
  9. While the US-EU’s transatlantic trade & investment partnership (TTIP) has stalled as the special interest groups challenge each paragraph, China is taking advantage of America and the EU's absence by pushing its silk road initiative and Asian infrastructure investment bank and offering finance
  10. There are calls in the united states to renegotiate NAFTA North American Free Trade Agreement) in order to favor American manufacturers, and to halt/renegotiate the still unratified trans pacific partnership. NAFTA has brought a decades-long boom to northern Mexico, where salaries in the auto industry and the maquiladores are 20x higher than those of the agricultural workers and farmers in central and southern mexico and some 60% of America's total exports go to the tpp countries. The anti-trade forces claim trade causes massive job losses, which is inaccurate. In the United States, while 5.6-6.0 million manufacturing jobs were lost from 2000 – 2010, only 13% were lost to off-shoring – the remaining 5.3 million jobs disappeared entirely.
  11. No Free Trade Is Bad For Carriers
  12. The box carriers are already dangling over the bankruptcy abyss; less than 2 weeks ago the japanese carriers merged, while mighty Maersk reported a loss of some us $ 118 million.
  13. Shipowners seaspan and danos are reporting major losses due to the Hanjin bankruptcy, as are triton and the other container lessors.
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  15. Should the big banks force the carriers to revalue their ships to current charter rates, the likelihood is every carrier would be declared insolvent. To combine the current low rates with declining box volume if international trade declines, would guarantee the shutdown of most of the carriers, along with subsequent direct and indirect job losses. Clearly job training for those workers in industries dispossessed by trade treaties must be improved. But trade treaties cannot be negotiated to favor one side over another, and to cancel trade treaties in their entirety threatens to return the world of the good old days of the 1930's great depression