From the U.S. DOC (Department of Commerce) come three posts: Protecting Our Electronic Main Street: Industry analysts now estimate that the Internet now carries some $10 trillion in online transactions annually. An estimated 67,000 new malicious viruses, worms, spyware and other threats are released every day. Manufacturing is Vibrant and Vital in America: The United States is the world’s largest manufacturing economy employing nearly 12 million Americans in the production of $1.6 trillion in manufactured products, representing 18% of the world’s manufactured goods. Acting Deputy Secretary Blank Emphasizes Success of U.S.-Canada Trade: “The U.S.– Canada economic relationship is unparalleled in the world. We are each others’ largest trading partners. Over $250 billion of direct investment comes from each country into the other.”
- June 12 is World Day Against Child Labour: According to Unicef 16% of children (5-14 years old) in developing countries are engaged in child labour, and 29% in least developed countries.
- The Geo Fair Trade Final Conference and the 4th Fair Trade International Symposium will discuss: How can Fair Trade concretely connect producers and consumers, as well as other stakeholders, along fair and sustainable supply chains?
News from the Utah World Trade Center: Foreign Trade Increases in Five Emerging Countries and in G7. G7 countries and the BRIC countries of Brazil, Russia, India, China and South Africa grew by 11% last quarter.
The ICTSD (International Centre for Trade And Sustainable Development) published a plethora of noteworthy articles this week. First off, here are several news items on recent Trade Policy & Negotiations:
- EU Emissions Scheme Extends to Airlines, Sparking Trade Concerns.
- Heated US Spending Battle Puts Brazil Cotton Deal at Risk.
- US Proclaims Victory in Wind Power Case; China Ends Challenged Subsidies.
- Russia, Ukraine to Scrap Wheat Export Restrictions.
Next is a summary of published papers; If any of the following strike your fancy, check it out.
- Globalization, brain drain and development.
- Precautionary savings and global imbalances in world general equilibrium.
- Shared value, shared responsibility.
- The trans-pacific strategic economic partnership agreement: a Latin American perspective.
- A pocket guide to sustainable development governance.
Lastly, ICTSD posted some interesting job and internship opportunities coming up in:
- Global Policy Making
- Agriculture Trade and Sustainable Development
- Climate Change and Sustainability
- Gender Issues
- Performance Analytics and IT Support
- Various Volunteer Positions with ICTSD
BEA: Bureau of Economic Analysis International Economic Accounts recently announced the release of final revisions to the 2010 U.S. International Trade in Goods and Services as well as the release of April trade figures. Some of the necessities of life: a good shower, combed hair and trade data with the knots and tangles removed.
Do You Know the Requirements for Importing a Rough Diamond? First person account of how it can be rough going to import ice into the U.S.
Africa’s Business Technology on the Rise. Most African economies are known for their valuable commodities like oil, copper, and gas. But as of late, countries in Africa are adding a new focus to their economies with technology innovation.