World Trade - February 2009 - (Page 14)

TRADEWINDS MARK YOUR Calendar SAP Logistics and Supply Chain Management 2009 Orlando, Florida Mar 2-5 www.sapscm2009.com CSCMP’s Fundamentals of Supply Chain Management Baltimore, Maryland Mar 2-3 www.cscmp.org/events/ fundamentals/index.asp Performance-Based Logistics 2009 Washington, D.C. Mar 16-19 www.idga.org/us/pbl transport logistic 2009 Munich, Germany May 12-15 www.transportlogistic.de/ en/home World Trade Magazine will be publishing announcements of forthcoming global supply chain events in every issue. For inclusion, please forward event details to laras@ worldtrademag.com Names & News Hapag-Lloyd Taps Henderson Maarten Henderson has been appointed Chief Financial Ofﬁcer by Hapag-Lloyd AG. In his new position, Henderson will oversee accounting, treasury, controlling, and legal affairs. He reports to Chief Executive Michael Behrendt. Henderson most recently served as non-executive chairman at PV Crystalux Solar PLC, which produces semi-ﬁnished products for the solar power industry. Vikas M. Khan as chief executive. The company said the move would enable Khan “to fully concentrate on strategic maneuvering, alliances and other arrangements,” and to work with investors on the company’s long-term corporate strategy. Emirates was founded in 2006. It exited the United States market in May. Stefﬂre is in his eighth year on IANA’s board. Gray Promoted by UPS UPS has chosen Myron Gray to succeed Jim Winestock as senior vice president of United States package operations. Winestock, a 40-year veteran of Atlanta-based UPS, will retire in February. Gray currently heads the company’s regional operations in Canada and Latin America. He will also join the company’s 12-member management committee. Gray began at UPS in 1978 as a part-time package handler in Tennessee while attending college. He was named to lead the Americas region in January 2008. IANA Elects Stefﬂre as Chairman The board of the Intermodal Association of North America (IANA) announced the election of Greg Stefﬂre, chief executive of Rail Delivery Services, as its chairman for 2009. He succeeds Theodore Prince, Principal of T. Prince & Associates, LLC. Kaushal Appointed CEO of Emirates Shipping Line E m i ra t e s S h i p p i ng L i ne announced recently that Romi Kaushal would replace to maintain its status as a key global airfreight hub, added the BIFA director general. U.S.-Oman Free Trade Pact in Effect ALL TARIFFS ON CONSUMER, INDUSTRIAL PRODUCTS LIFTED A free trade agreement between the U.S. and oil-rich Oman became effective on January 1, lifting all tariff barriers to consumer and industrial products. 14 WORLD TRADE FEBRUARY 2009 According to U.S. Trade Representative Susan Schwab, “This will expand opportunities for exports of machinery, automobiles, optic and medical instruments, electrical machinery, and agricultural products such as vegetable oils, sugars, sweeteners and beverage bases.” In addition, Oman will provide substantial market access across its entire services sector, including a “secure, predictable” legal framework for U.S. investors operating in the sultanate. The Oman agreement builds on U.S. free trade agreements concluded with Israel, Jordan, Morocco and Bahrain. The regional free trade initiative is aimed at spurring economic growth and reform in the Middle East—an area of almost 330 million people and with a 158 billion dollar trading relationship with the United States. Costa Rica, China Launch Free Trade Talks NEGOTIATIONS TO WRAP UP NEXT YEAR Costa Rica and China have launched the first round of negotiations for a free trade agreement. Officials intend to create a “roadmap” for subsequent talks during their first meeting. A total of six rounds of talks will be held on the agreement, with hopes that negotiations will wrap up by May 2010. China is Costa Rica’s second largest trading partner, and Costa Rica is China’s second biggest in Central America. Their two-way trade is growing rapidly, with the volume hitting $2.87 billion in 2007. Among Latin American countries, China has signed a free trade agreement with Chile and is holding negotiations on a deal with Peru. Punta Colonet Port Project Still Aﬂoat MEXICAN GOVERNMENT COULD DELAY CONSTRUCTION Despite an announcement by Mexican government officials that construction on a new container port at Punta Colonet in Baja California might be delayed, a developer says the project will move forward. Admittedly, some momentum has been lost due to the global financial downturn, but the project’s supporters say cargo gateways in North America will eventually become congested in the coming decade as global trade continues to grow, albeit at a slower clip. WT http://www.sapscm2009.com http://www.cscmp.org/events/fundamentals/index.asp http://www.cscmp.org/events/fundamentals/index.asp http://www.idga.org/us/pbl http://www.transportlogistic.de/en/home http://www.transportlogistic.de/en/home

Table of Contents Feed for the Digital Edition of World Trade - February 2009

World Trade - February 2009 Contents Taking Stock in America Confronting Corruption in Latin America Supply Chain Watch Tradewinds Where's the Goods? Where's the Money? Hope on the Horizon Managing Fleets in Turbulent Times The Impact of China's Economic Slowdown on U.S. Supply Chains The Fuel Volatile Supply Chain Getting the Most from On-the-Fly Transactions Managing Supply Chain Risk by Managing China Sourcing Capacity OECD Global Economic Outlook for 2009 'Natural' Agricultural Monopolies No More

World Trade - February 2009

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