Trade

80 articles

Expand Free Trade by Enhancing Digital Trust

Blockchain and artificial intelligence can lead us to a new era of more equitable trade.

Free trade has been an enduring goal of the international community for more than a century. Despite broad technological progress, modern transaction systems remain heavily burdened by antiquated practices. This creates friction that slows global commerce and hinders service delivery of all kinds. Banks, for example, still issue letters of credit to importers, a practice […]

Opportunity in the New Economy

Now is not the time for incremental improvements to an old playbook. We need a transformational social contract.
Jason A. Tyszko | U.S. Chamber of Commerce Foundation

The world is changing in profound ways. This change has brought with it growth, opportunity and job creation, as well as new risks for workers and communities. We are ill-equipped to manage many of these risks – these are the risks that have fueled economic anxiety and job insecurity. It’s the challenge of our time. We […]

How to Navigate a Changing Global Trade Landscape

Five tips to ensure your business is reaping the benefits of global trade.
Ron Shepherd | UPS

First came Brexit. Then came the US’s departure from the Trans-Pacific Partnership (TPP). And recently, there have been talks on renegotiating the North American Free Trade Agreement (NAFTA). Countries that previously depended on trade with the US to conduct business are in fact looking elsewhere and diversifying their portfolios, according to Simon Evenett, director of […]

Asia: The New Center of Gravity

Here are five takeaways on what rising connectivity means for Asia.
Jim O'Gara | UPS

As thought leader Parag Khanna reminds us, we’re living in an age of rising connectivity, which affects everything from highways to seaports to power lines and broadband cables. This is particularly relevant to Southeast Asian nations expected to account for a greater share of global economic growth. With a tip of the hat to Khanna, […]

Globalization Is Alive and Kicking

We are still moving toward – and not away from – a truly global economy.
Peter Holmes | University of Sussex

Michael Gasiorek | University of Sussex

It’s commonplace to emphasize that we are now in a new era of globalization, marked by the rise in the importance of emerging economies. But what does this really mean? Richard Baldwin, author of The Great Convergence, argues that what is new is the combination of northern technology and southern labor. But he adds that […]

Colombia’s Cinderella Story

How the Andean nation turned around its economy to become a regional leader.

During the past decade, Colombia has experienced an economic and cultural renaissance following years of instability and lackluster economic growth. Colombia now boasts Latin America’s third largest economy and has seen unprecedented levels of foreign trade. This turnaround has not gone unnoticed by the country’s neighbors, who see Colombia as a fierce competitor. However, it […]

The Staggering Numbers Behind the World’s Closest Trade Relationship

You might be surprised by how much the United States buys from Canada – and vice versa.
Jeff Desjardins | Visual Capitalist

Whether we’re discussing the ancient merchants that traversed the legendary Silk Road or the transfer of goods across modern border lines, trade has always been about building close relationships. There are many examples of strong and mutually beneficial trade relationships all throughout history, but one doesn’t have to look far back to find what could […]

Business Rivals Agree on Policy

Simplify taxes, invest in transport infrastructure and expand international trade while keeping it fair.
David Abney | UPS


At a time when the U.S. needs unity and bold reforms, American businesses must be partners in building the future. While the business community has diverse interests, every company should agree on basic policy priorities if we want to be globally competitive. That’s why we are speaking out together — two fierce competitors, UPS and […]

3 Ways to Modernize NAFTA

It's time to bring the North American Free Trade Agreement into the digital age.

Every day, 3 percent of global GDP  – and 6 percent of U.S. GDP –  moves through UPS’s international network. That means we see first-hand what works and what doesn’t when it comes to fueling cross-border commerce. As the U.S. administration looks at ways to modernize the North American Free Trade Agreement (NAFTA) in the […]

5 Reasons Not to Give Up On Global Trade

It's time to recognize the core value of international trade.
Arancha González Laya | International Trade Centre

Peter Draper | South African Institute of International Affairs

Many people feel the international trading system is unfair or unaccountable. Some blame it for the loss of jobs, others for pressurizing local industries or eroding labor standards. It is true that economic globalization has not lifted all boats. Income and wealth inequality are on the rise. Significantly, 42 percent of countries ranked on the World Economic […]

Decoding Harmonized Tariff Codes

In global trade, a label is more than just a label.
Bill Ansley | UPS

The word harmony itself is soothing. Think about it. Harmony evokes images of consistency, pleasure and order in chaos. If your company is shipping to other parts of the world, that order is not only appreciated but also critical. How does this apply to shippers? Through the use of harmonized tariff codes and the Harmonized Tariff Schedule (HTS). According […]

It’s Time to Turn to Asia for Growth

The Asian middle class is rapidly transforming. Is your company ready?
Tim Gohoc | UPS

In past years, Asia’s cheap labor and production methods were global differentiators that powered economic growth. But another factor is propelling China’s new growth: a middle-class expansion in Asia’s emerging markets. The Organization for Economic Cooperation and Development projects that the Asian middle class will reach 3.3 billion by 2030. This may result in a middle-class […]

Canada is Open for Business

Assessing Canada’s changing trade landscape can help uncover new international business opportunities.
Aylin Lusi | UPS Canada

According to the World Bank’s Doing Business 2017 ranking, Canada is the second best place in the world for starting a business, and let’s face it – the reasons are quite clear. Beyond the federal government’s plan to advance trade, Canada is located next to one of the world’s largest economies and has access to […]

How Free Trade Agreements Affect You

Evaluating current trade agreements may uncover new international opportunities.
Bill Ansley | UPS

Perhaps you are familiar with free trade agreements (FTA) that pertain to your home country or your region of the world. Is it possible that other regional agreements, where your country is not a participant, have some sort of an impact on your business – positive or negative? Before addressing this question, what are the […]

How Exports Will Fuel Cities of the Future

If we treat export growth as our North Star, the possibilities are limitless.
Juan Perez | UPS

UPS Chief Information and Engineering Officer Juan Perez spoke at the Southern California Logistics and Supply Chain Summit on April 20, which examined critical trends at the intersection of technology and international commerce. I’d bet that many of us in this room, given our day jobs, are true believers. True believers in trade, I mean. […]

Dubai: The City of the Future

At Expo 2020 Dubai, a pipeline for innovation, as well as economic and social development, takes center stage.
Mark Vale | UPS

Imagine a world not restricted by borders. This world is connected virtually through information technology and physically through trade lanes and supply chains. In this world, free trade brings people and organizations closer together and allows them to work together to tackle global challenges. Click to hear about UPS’s exciting new role as the Official […]

Reimagining Financial Services with Blockchain

Organizations can unlock substantial economic value using blockchain technology.

Across every industry today, organizations are looking to streamline and automate processes to reduce costs, gain efficiencies, radically improve speed to market and achieve better business outcomes. The financial services industry in many ways is at the forefront of such initiatives – with particular focus on today’s disjointed and redundant processing and reconciliation challenges – […]

TFA’s Benefits Extend Well Beyond Cutting Red Tape

The Trade Facilitation Agreement will bolster governance in developing nations.
Russell Hillberry | Purdue University

Late last month, the World Trade Organization celebrated the entry into force of the Trade Facilitation Agreement (TFA), a global effort to streamline government procedures governing international trade. The primary goal of the agreement is to improve the efficiency and effectiveness of agencies that oversee trade, especially in developing countries, by reducing bureaucratic red tape […]

How Blockchain Can Restore Trust In Trade

During a time when transparency matters more than ever, enter blockchain.
Jesse Mcwaters | World Economic Forum

Wolfgang Lehmacher | World Economic Forum

International trade is under pressure. Fears fueled by the global refugee situation and terrorist threats have led to tighter border controls – and these come at a cost. Every inspection of goods, every stop along the supply chain, eats up time and drives up prices. It harms businesses and consumers alike. Those involved in international […]

3 Ways a New Customs Agreement Makes it Easier to Meet Global Demand

The new TFA is changing the way goods cross borders and move around the world.
Laura Lane | UPS

The newly minted Trade Facilitation Agreement (TFA) is a game-changer for the way goods cross borders and move around the world. At UPS, the seamless movement of packages is our lifeblood — so we are excited by this World Trade Organization (WTO) agreement, which ushers in a new global framework of rules that make trade […]

Global Trade and Conservation Can Work Together

Countries can be competitive in global trade without racing to the bottom in their environmental standards.
Matt Burgess | University of California

Rob Williams | University of St. Andrews

The United States is the world’s largest seafood importer, purchasing about $20 billion worth every year. It is also a global leader in seafood sustainability, with some of the world’s strongest laws and policies designed to prevent both overfishing of target species and incidental harms to other species. One of the major global challenges to harvesting […]

Can Trade Take Cambodia from Darkness to Prosperity?

On the rise, Cambodia aims to be a developed country by 2050.
Pan Sorasak | Royal Kingdom of Cambodia

Ratnakar Adhikari | Enhanced Integrated Framework

This past summer, the World Bank officially upgraded Cambodia to a “lower‑middle‑income country,” a move that confirms the country’s upwards economic trajectory during the past 20 years. But despite this new status, which Cambodia shares with 51 other economies, including India, Vietnam and the Philippines, the country is still mostly associated with darker images: landmines, civil war […]

Globalization is Worth Saving

Trade, like technology, is good for most of us. But we need to make it more inclusive.
Arancha González Laya | International Trade Centre

Cross-border flows of goods, services, capital, people and even ideas are today more contested, at least in advanced economies, than they have been since the fall of the Berlin Wall. Trade agreements, which constitute a rare, tangible legislative symbol of globalization, are bearing the brunt of the controversy. Last-minute objections from French-speaking Belgians nearly derailed a […]

‘Good’ Countries Export More

New research finds that soft power pays.
Anne Kim | Republic 3.0

Countries that enjoy a positive world image may also reap an economic reward: more exports. According to new research published by the National Bureau of Economic Research, perceptions of a country’s “positive or negative influence in the world” is directly correlated to its sales to other nations. “Countries tend to do well by doing good,” […]

5 Ways to Make Global Trade Work for Developing Countries

Meeting complex and opaque rules can be especially difficult for developing nations. Here's why.
Joakim Reiter | UNCTAD

In 2016, the growth of world trade will be at its slowest since the financial crisis of 2008, reports the World Trade Organization (WTO). Despite the increased protectionism that followed the crash, traditional trade barriers, such as tariffs, are at historical lows. Despite this, the flow of goods and services between countries remains one of […]

The Future of Trade, Inequality and Globalization

There's a lot of noise around trade these days. Let's see where trade could actually take us in the years ahead.
Anabel González | World Bank Group

Anabel Gonzalez, senior director for the World Bank Group’s Trade and Competitiveness Global Practice, offers her views on mega-regional trade agreements, the role of trade in reducing inequality and the importance of international cooperation and domestic policies in making globalization work for all. What is the importance of trade in the global economy? AG: International […]

Rough Trade: The Global Economy Needs a Jumpstart To Benefit All

Can the Trans-Pacific Partnership (TPP) and other new pacts get the flow of goods and business relationships going again?
Andy Meek | The Guardian

The global economy has expanded greatly since the early 1980s, thanks to technology breakthroughs, the opening of markets and trade being more accessible. Today, trade generates $15 trillion annually. Nearly $5 trillion in goods and services flows in and out of the U.S. alone each year. This development has affected people across socioeconomic classes.  Former […]

What the Trans-Pacific Partnership Means for the West

Although conversations about TPP usually focus on Asia, we should also examine its potential impact in the Western Hemisphere.
Eric Farnsworth | AS/COA

Trade is never a popular topic in a presidential election year, but 2016 may prove to be an inflection point. For the first time since the Depression, the presumptive candidates of both major political parties have spoken skeptically about trade, one even suggesting that he would renegotiate existing agreements including NAFTA. [Also on Longitudes: The Urgency […]

Shining a Light on Trade

Defenders of free trade need a better pitch amid growing skepticism of the global movement of goods.
Laura Dawson | Canada Institute

As an idealistic graduate student, I was convinced that trade agreements were bad for everybody except large corporations. I went to school in British Columbia, Canada, determined to show how trade exploited farmers, fostered inequality and stifled progress. Then a funny thing happened: I proved myself wrong. Confronted with the evidence – much to my […]

The Latin Term Every Exporter Should Know: De Minimis

Fulfilling your retail dreams around the world is mission possible.

Nearly three years ago, Will Green set out on a mission to fulfill his dream of providing fashionable, ethically produced vegan shoes to everyday people around the world. His vision was to provide customers with the latest fashions at fair prices, all without hurting animals or people in the process. Will soon set up shop […]