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Adopt a clear strategy to raise our trade intensity


Adopt a clear strategy to raise our trade intensity
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It has been hard to find any cause for cheer in India’s trade figures of late. The data for December released by the government on Friday, however, offered some relief. The numbers show a turnaround in imports, with inward shipments showing a gain of 7.6% over that month a year earlier, the first rise in 10 months. Ordinarily, higher exports is what we look for, given our unfavourable trade balance. But right now, the state of Indian demand is a concern, and the December uptick indicates an impulse for normalcy on the external front. Much of the rise was thanks to a 14.3% increase in non-oil shipments, which included machinery and intermediate products, among other items. It is a good sign that the country imported more of those at the fag end of a year that saw global trade suffer a covid seizure and our economy contract for the first time in decades. The World Trade Organizati ....

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Trump, Biden and U.S. Sugar Policy – Nevada News and Views


By Chuck Muth, President, Citizen Outreach
Writing post-election, the Mish Talk blog asked: “How Will Biden Differ from Trump on Trade and China Policy?”
“Trade was not a key subject in the debates,” Mish noted.  “So what do we expect of Biden?”
Mish went on to examine a host of international trade issues – including Free Trade Deals, Trade Promotion Authority, Domestic Reshoring, China, Bilateral Trade Relationships and WTO Reform.
He also took a shot at U.S. sugar policy…
“The irony in all of this is that next to France, the US is the most protectionist country on agricultural policy. Look no further than the sugar lobby…  It makes no sense to drive US candy manufacturers out of the US over sky high sugar prices.” ....

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