NAFTA Issues Adressed at Transplace Shipper Symposium

By George Backwell
Thursday, May 29, 2014
File image

Provider of transportation management services & logistics technology, Transplace, says it has wrapped up its recent 12th annual 'Shipper Symposium' in Dallas. Former President of Mexico Vicente Fox and other leading supply chain and economic visionaries addressed current supply chain and economic issues, including NAFTA in its 20th year, capacity constraints and regulatory changes that have a worldwide effect on the transportation of goods.

Event Highlights

  • Supply Chain Economics: Effects on the World – Economist Paul Bingham addressed shifting overseas sourcing trends and changes in the global economic and trade landscape. During his presentation, Bingham examined a variety of factors that are affecting the market, including: the recent pickup in the world economy along with trade growing faster than economy as a whole, emerging markets growing stronger and world monetary policy providing stimulus.

    Stated Bingham, “Trucking is an industry that faces an enormous set of headwinds, no one singularly more important than another. They’re making it tougher for trucking companies to manage their costs in a way that they’re able to provide the services that they have in the past at the same price. Ultimately, that may affect mode choice, and may force those that have the options to do it to consider more seriously, even incur costs to do so, to make greater use of intermodal rail.”
  • NAFTA @ 20: What’s Next for North American Trade – A panel of Mexican-, Canadian- and United States-focused experts looked back on the past 20 years of the North American Free Trade Agreement (NAFTA) and what the future of commerce might hold for the three NAFTA trading partners. The panelists all voiced the importance of closer collaboration between the partnering nations and the need for NAFTA to evolve in order to remain the leading global trading bloc.

    During the session, Christopher Wilson of the Mexico Institute of the Woodrow Wilson International Center discussed the ways that NAFTA has opened up borders and helped North America create a partnership, even amid events that put immense pressure on trade, such as 9/11, the economic recession, and the rise of China’s economy.

    He stated that: "Pressure slowed down the level of growth in trade that we were experiencing and made the political climate different as well. It ultimately has lead us to a position that may be beneficial in that it lets us see our neighbors as our partners, rather than our competitors. We don’t just sell products to one another in North America, we actually build them together, so that the trade that’s happening within the continent is now about parts and materials as much as it is about final products. That binds us together as a continent in a way we weren’t bound together previously.”
  • Surveying the Geo-Political Landscape & Bridging Business to Latin America – President Fox examined the relationship between the United States and Latin America and the NAFTA. He noted that because of NAFTA Mexico has become a huge manufacturing structure in the global market, and that the agreement is a powerful tool which North American countries can utilize to compete on a global scale.

    President Fox stated, “When NAFTA started, the difference in income in Mexico and income in the United States was a ratio of 10-to-1. So if you made $1 in Mexico, you would make $10 by crossing the border. Today, 20 years later, it is a ratio of 5-to-1. The new NAFTA vision should be to get us to a 1-1 ratio position, just like the United States and Canada, and then we won’t have the problems that we have today.”
Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Vestas Profit Beats Forecast

Danish wind turbine maker Vestas Wind Systems posted much higher than expected second-quarter earnings and slightly increased its guidance for the full year, signaling

MV Cape Ray Signals DTRA 'Mission Complete'

The Defense Threat Reduction Agency announces the successful completion of the Cape Ray's mission to destroy Syria's chemical weapons components at sea. The Defense Threat Reduction Agency/U.

HK's COSCO International Reports Strong Profit Growth

For the  six months ended 30th June 2014, shipping services provider COSCO International has announced that its 2014 Interim Results show strong profit growth with Net Profit up 45% YOY.

Finance

Vestas Profit Beats Forecast

Danish wind turbine maker Vestas Wind Systems posted much higher than expected second-quarter earnings and slightly increased its guidance for the full year, signaling

HK's COSCO International Reports Strong Profit Growth

For the  six months ended 30th June 2014, shipping services provider COSCO International has announced that its 2014 Interim Results show strong profit growth with Net Profit up 45% YOY.

Asia–U.S. Container Lines to Introduce Freight Increase

The Transpacific Stabilization Agreement (TSA) informs that member container shipping lines are proposing an across-the board general rate increase (GRI) of at

Communication

New Offshore Vessel Management Mobile App

Telerik says that its customer Bhagwan Marine, a leader in servicing the oil and gas industry, together with partner, Glenfield Digital Group, has released the

Blue Denmark in Focus

Danish Maritime Authority (DMA) has brought out new marketing material depicting their strong and open maritime cluster, focusing on quality shipping, health, safety and the environment.

Rune Olav Pedersen Takes Over Corporate Communications in PGS

PGS' General Counsel Rune Olav Pedersen's role is expanded to also include the following departments from Corporate communications; investor relations (IR), internal and external communications,

Logistics

HK's COSCO International Reports Strong Profit Growth

For the  six months ended 30th June 2014, shipping services provider COSCO International has announced that its 2014 Interim Results show strong profit growth with Net Profit up 45% YOY.

Asia–U.S. Container Lines to Introduce Freight Increase

The Transpacific Stabilization Agreement (TSA) informs that member container shipping lines are proposing an across-the board general rate increase (GRI) of at

CEVA Expands Presence in Los Angeles Market

CEVA Logistics, one of the world’s leading supply chain management companies, today announced the expansion of its Los Angeles (LAX)/Torrance freight management operation.

Consulting

Private Equity Knocks on Shipping's Door

Shipping is currently attracting a great deal of interest from investors in the private equity sector, according to UK-based accountants Moore Stephens, members

Clarksons Report Strong First Half Performance

Leading shipping services group Clarkson PLC (Clarksons) has reported its unaudited Interim Results for the six months ended 30, June 2014. Summary     •

Capesize Rates to Rise Much Higher this Year

According to Commodore Research & Consultancy, capesize rates ended last week at $15,561/day, which marked a week-on-week increase of $6,167 (66%). Capesize rates

 
 
Maritime Contracts Naval Architecture Navigation Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2274 sec (4 req/sec)