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The U.S. trade gap eased 7.6 percent in October thanks to a surge in exports, reports the Department of Commerce. The total trade gap in goods and services reached $32.9 billion in October, down from a revised $35.7 billion in September. Most analysts had expected the deficit would grow to $36.8 billion. Meanwhile, the U.S. trade gap with China continued to widen, to $22.7 billion, its highest level in a year. The gap with China accounts for more than two-thirds of the U.S. trade deficit.
03/11/2009
Air cargo traffic at Los Angeles International Airport (LAX) reported its first year-over-year gain in freight traffic in nearly two years in September--a clear sign that the sector is entering a mode...
29/09/2009
Global air cargo volumes are on the rise after a long decline that started in April 2008. According to the International Air Transport Association (IATA), all of the world's regions reported higher ...
18/09/2009
U.S. Customs and Border Protection (CBP) has updated its Web site with information regarding the Customs-Trade Partnership Against Terrorism (C-TPAT) program's enforcement and appeal process. Accordi...
25/08/2009
An interim final rule was issued by the Census Bureau which will amend the Foreign Trade Regulations (15 CFR Part 30) to eliminate the option of reporting a Social Security Number ("SSN") as an identi...
13/08/2009
A ruling this week by the World Trade Organization (WTO) will make it easier for U.S. publishing and audio-visual industries to export and distribute copyrighted products such as CDs and DVDs in China...
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