What’s new in trade: Gold, parmesan cheese show complexity

    To understand what’s new in trade these days, look no farther than gold and parmesan cheese. A drop in the price of gold explains why South Florida trade fell last year from its record 2012 level. And talks over the definition of parmesan – is it only cheese made in Italy’s Parmigiano-Reggiano region…

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Miami area trade dips in 2013 from record high

The forecast proved right: South Florida’s trade with the world dipped in value in 2013, prompted mainly by lower prices for gold. For the full year, trade through the Miami Customs District fell by 3.3 percent to $120.4 billion, pushing Miami down two notches to rank No. 12 spot among districts nationwide, new U.S. data…

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Value of Miami area trade slipping in 2013 on lower gold prices, Venezuela woes

::cck::9348::/cck::   Despite robust growth for the past few years, the dollar value of trade through the Miami Customs district likely will decline in 2013. Through the first 10 months of the year, total trade was down 2.18 percent to $100.26 billion compared to 2012, and the Miami district dropped two notches to 12th place…

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South Florida: King for High-Tech Exports

::cck::2187::/cck::     Talk about Miami trade, and much of the activity involves high-tech products – specifically, cellphones, computers and printers sold to Latin America and the Caribbean.  High-tech goods represent five of the top 10 exports from the Miami Customs district and 45 percent of total exports from the area. Indeed, demand for cellphones is…

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New FDA rules will overhaul perishables trade, experts say

::cck::18::/cck:: New federal rules will soon overhaul U.S. perishables trade, requiring more verifications of farms and factories and likely leading some importers to reduce the number of places that they buy from overseas. Those were among the insights shared at WorldCity’s Trade Connections meeting Aug. 23, which focused on the surging perishables trade and attracted more…

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Colombia: Safer, prospering and now, Miami’s No. 2 trade partner

Colombia has emerged as South Florida’s No. 2 trade partner, and this year, should break $10 billion in goods exchanged with Miami for the first time. In a slow but steady effort, the South American nation also is boosting trade with Panama, Mexico and other neighbors, offering new opportunities for South Florida firms to cash…

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WorldCity launches World Trade Month, Miami TradeNumbers with Council of America’s Farnsworth

Eric Farnsworth, head of Council of the Americas’ Washington, D.C., office suggested policymakers and wonks could learn a little something from the 13th edition of WorldCity’s Miami TradeNumbers. Eric Farnsworth, head of Council of the Americas’ Washington, D.C, speaking at WorldCity’s quarterly Trade Connections event in May. Photos by Carlos Miller. “We throw around ideas but…

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Record year for Miami import-export trade, with changes afoot

Big changes are slowly taking place in how the products we use everyday are created and moved around the world. Along with a remaking of manufacturing supply chains is a never-ending chess game with U.S. ports in a struggle to maintain their importance for certain markets while trying to make inroads into developing economies. Scott…

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Miami eyes Top 10 import-export ranking as state prepares logistics plan

The Miami Customs district is poised to finish among the nation’s 10 busiest for the first time in 2012, moving up from the No. 14 spot in the past few years on the strength of its exports to Latin America. And 2013 should bring continued growth in South Florida trade, as Latin America is forecast…

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Perishable import-export industry to grow, continue to refine itself

The amount of perishable goods – everything from vegetables to pharmaceuticals to cooking oil – coming into and leaving the United States is only expected to grow in the coming years. However, the industry that moves these valuable, time- and temperature-sensitive products is always looking for ways to get them to market more efficiently so…

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