Daily Archives: September 2, 2009

NAFTA Surface Trade Down 31.5% In June

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Bad news for NAFTA: Surface trade decreased by 31.5% in the month of June versus the same time last year, according to the BTS, a part of the Research and Innovative Technology Administration.

This decrease in trade reflects the overall shrink in global trade following a recession affecting Canada, Mexico and the US. However, trade overall is up compared to last month and versus 10 years ago:

The value of U.S. surface transportation trade with Canada and Mexico rose 6.0 percent in June 2009 from May 2009; month-to-month changes can be affected by seasonal variations and other factors.

The value of U.S. surface transportation trade with Canada and Mexico in June was down 8.4 percent compared to June 2004, and up 17.6 percent compared to June 1999.

Imports in June were up 11.8 percent compared to June 1999, while exports were up 24.9 percent.

For additional data, caravan your big-rig on over to eTrucker, 10-4!

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Trilateral Trade Agreement: Brazil, India, S. Africa

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And you thought a bilateral trade agreement was difficult to negotiate!

South Africa, Brazil, and India have announced a plan to increase trade between the three nations to U$25 Billion by 2015. Currently, they have an annual trade of U$ 10 billion.

The announcement was made at the 6th Annual IBSA (India Brazil, South Africa) Ministerial Commission Meeting. IBSA has a combined GDP of $3.2 trillion and a combined population of 1.4 billion people.

For additional information, visit China View.

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