travel to Europe, tourist looking at map on the street, summer holidays

Tourism is the Quiet Hero of Trade

For the United States and the global economy, tourism and travel are the unsung heroes of the international trade story. Tourism brings 80 million visitors to the United States every year and accounts for 10 percent of all U.S. exports. Globally, tourism is the third-largest sector in international trade. Above all, tourism and travel promote trade in international understanding and global goodwill.

Energy Trade and GATT Rules: Is Something Missing?

Trade in hydrocarbons, fissionable materials and cross-border transmission of electricity largely take place outside the multilateral trading system. Two key developments may now lead to convergence between the energy business and the rules of the WTO.

bride and groom flight test124868615-612x612

Tying the Knot is a Global Trade Affair

Holding your wedding in an exotic foreign destination offers local vendors, from the receptionist in a tourist eco-lodge, to the caterer, local guide services, bands, and the travel agencies that booked transportation for the wedding party, the opportunity to become services exporters in global trade.

retro woman convertible

Did China Kill the Convertible Car Market?

Driving with the Top Down If you’re a movie buff like I am, you’re familiar with recurring scenes in old Hollywood films of a footloose American driving the California coastline in a bright-colored convertible with the top down, hair blowing in the wind. Driving a convertible on the open road is a quintessential American experience. But as China takes center stage in the global auto market, accounting for one quarter of all sales last year, automakers are increasingly focused on meeting Chinese consumer preferences. Between air quality and a penchant for the more practical, a lack of affinity for convertible cars in China might just kill off the future of the beloved ragtop. Air Pollution is Choking Convertible Sales Convertibles […]

couple on beach

“Tour and Cure”: The Rise of Medical Tourism

Whether you’re in need of a new dental crown, a facelift, fertility treatments, or a new heart valve, there are doctors and hospitals around the world who would gladly treat you, exporting their health services by offering top-of-the-line facilities with the newest technology, Western-trained doctors, comfortable stays, and reasonable bills.

Oil tank in harbor

Energizing U.S. Oil and Gas Exports to China

Against a backdrop of high profile trade and investment disputes between the United States and China, American hydrocarbon exports to China are booming. U.S. energy commodity exports to China went from $2.6 billion in 2016 to $8.6 billion in 2017.

auto-electronic

Trade in Carputer Parts

The operator’s manual for the popular entry-level Honda Civic is 601 pages. It doesn’t fit in the glove box; it comes in the form of an electronic document to download, which seems appropriate considering the number of electronic components in the car. High-tech, high-cost, components are lightweight and positioned to move long distances on a just-in-time basis.

ford_gyron

The American, International Automobile Market

Every January, the global automobile industry gathers in the Motor City for the North American International Auto Show (NAIAS). In a celebration of ingenuity, companies display futuristic concept cars, present cutting-edge technologies, and promote their latest offerings.

Pretty young woman refuel the car

North America is an Energy Powerhouse Dependent on Trade

After autos and auto parts, energy commodities are the largest category of traded goods in North America. The energy industry in North America is both highly integrated and interdependent. As a region, we have achieved energy self-sufficiency and have become a global energy powerhouse because we trade with one another.

red petrol station in USA

NAFTA Refueled: What’s Next for North American Energy Trade?

Many important developments in the region’s energy market have reshaped the industry. The NAFTA renegotiation may be the chance to move closer to the goal of free trade and investment in the North American energy sector.