U.S. President Barack Obama says he is ordering the country’s export credit agency to boost the financing of American products in a new bid to cut the country’s chronic foreign trade deficit. President Obama spoke Friday in a Boeing airport hangar in Washington alongside the aircraft manufacturer’s new Dreamliner jet. He said the country’s Export-Import […]
Obama Calls for Streamlined US Export Financing
Posted February 17th, 2012 at 4:20 pm (UTC-5)
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Japan Eases Ban On Weapons Exports
Posted December 27th, 2011 at 8:35 am (UTC-5)
Japan says it will ease its decades-long weapons export ban. Chief Cabinet Secretary Osamu Fujimura said Tuesday Tokyo will maintain its pacifist principles prohibiting export of Japanese-made weapons for use in global conflicts. He said the new rules, approved by the government’s security council, will allow Japan to participate in arms-building projects with other countries […]
New Zambian Government Halts Metal Exports
Posted October 6th, 2011 at 7:45 am (UTC-5)
Zambia’s new government has decided to suspend all exports of copper and other metals until new guidelines are in place that would reform the country’s mining industry. Officials say the new guidelines, which aim to improve revenue collection and increase transparency in Zambia’s mining sector, are expected to be implemented by October 15. Zambia is […]
Data Show Japan Nearing Pre-Disaster Export Levels
Posted August 18th, 2011 at 1:35 am (UTC-5)
New trade data show Japan’s export-oriented economy is gradually returning to levels from before the devastating March 11 earthquake and tsunami. The figures Thursday showed exports in July were just 3.3 percent lower than in the same month a year ago, despite power cuts and supply chain interruptions that have troubled the manufacturing sector since […]
Record Exports Boost China to Large Trade Surplus
Posted August 10th, 2011 at 1:15 am (UTC-5)
Rising exports have given China its largest trade surplus in two and a half years in spite of economic problems in much of the world. The government said Monday it posted a $31.5 billion surplus in July, driven by a record $175 billion in exports. That marked a 20.4 percent increase in exports over the […]
Japanese Exports Fall Again in May
Posted June 19th, 2011 at 10:10 pm (UTC-5)
Japanese exports in May dropped more than 10 percent from a year earlier, marking the third straight monthly decline. The government said Monday that exports shrank 10.3 percent to about $6 billion, while imports rose more than 12 percent, resulting in Japan’s biggest trade deficit since January 2009, when exports plunged in the wake of […]
