The Straits Times’ Post

🇺🇸🇲🇽 US-Mexico Trade Hits Record $415B In First Half Of 2024 In a remarkable milestone, trade between the United States and Mexico reached a record-breaking $415 billion in the first half of 2024. This surge in trade underscores the growing economic partnership between the two nations, with significant contributions from sectors such as computers, passenger vehicles, and commercial vehicles. The Laredo, Texas border crossing continues to be the top gateway for this robust trade, highlighting the importance of efficient logistics and customs processes. As nearshoring trends gain momentum, Mexico’s dominance as the U.S.'s top trade partner is expected to continue, reshaping global supply chains and fostering economic growth. At John S. James Co., we pride ourselves on offering a comprehensive catalog of services tailored to the needs of the international trade industry. Our highly skilled staff possess a deep understanding of the USMCA trade agreement, ensuring seamless customs brokerage and freight forwarding services. With the increasing trend of nearshoring and the China+1 strategy, our expertise in Mexico cross-border logistics positions us as a leader in facilitating efficient and compliant trade operations. Trust John S. James Co. to handle your logistics needs with precision and professionalism. Discover how John S. James Co. can support your business’s international trade needs. Visit johnsjames.com to learn more about our services and how we can help you achieve your logistics goals. #USMexicoTrade #RecordTrade #InternationalTrade #CustomsBrokerage #FreightForwarding #USMCA #Nearshoring #ChinaPlusOne #CrossBorderLogistics #JohnSJamesCo #LaredoTrade #Mexico

Asia is at the epicentre of expanding Free Trade Agreements (FTAs) between many of the world's biggest and most dynamic economies. FTAs bring opportunities to optimise supply chains, business relationships, and geographic footprints. How could FTAs benefit your business? Find out how they're shaping global trade in our latest article. Learn more: https://grp.hsbc/6044cJi2a #FreeTradeAgreements #GlobalTrade #SupplyChains

Asia is at the epicentre of expanding Free Trade Agreements (FTAs) between many of the world's biggest and most dynamic economies. FTAs bring opportunities to optimise supply chains, business relationships, and geographic footprints. How could FTAs benefit your business? Find out how they're shaping global trade in our latest article. Learn more: https://grp.hsbc/6044cJi2a #FreeTradeAgreements #GlobalTrade #SupplyChains

All about Merchant Exports: A Comprehensive Guide Trade across borders is facilitated by Merchant Export Finance, an essential component of international trade. The purpose of this blog is to examine merchant exports, their importance in the global marketplace, and how to conduct them successfully. Understanding Merchant Exports: In merchant exports, goods are purchased from one country and sold to another country without being significantly changed. A merchant exporter acts as an intermediary between foreign suppliers and buyers in international Trade. Global trade is greatly facilitated by them, as they provide links between producers and consumers in different countries. Read more: https://lnkd.in/d9qN4262 #MerchantExportFinance #merchantexports #internationalTrade #ExportFinancing #TradeFinanceservice #letterofcredit #emeriobanque #emerioblog

Mexico is booming.

Mexico’s major ports saw a 20% year-over-year increase in cargo volumes in January of this year. This report comes alongside a “nearshoring” production boom in Mexico and expanded trade corridors across all of North America. Rapid expansion in intermodal shipping creates opportunities for theft, smuggling, contraband, and human trafficking. That’s where we come in. We offer not only some of the only tamper-resistant and tamper-evident seals on the market but a complete cargo security solution. 

The rate at which production in Mexico is booming and intermodal shipping across the Americas is increasing in volume is impressive. This growth also creates more opportunities for organized crime, theft, smuggling, contraband, and human trafficking. What are doing to protect your cargo, gain visibility into your supply chain, and reduce your bottom line?

My passion for intentional trade won't allow me to not give you the facts. AGOA isn't being fully utilized and here are the reasons why: 1. Resources exist to educate exporters on how to merely depart from the port. BUT GUESS WHAT!?!? That's not successful trade if the goods never make it to the U.S. market. You'd be surprised how much freight is returned to origin. Who pays for that? 2. Customs regulations are complexed and if you don't have a true expert your business is at risk. 3. Minimum resources are provided on trade strategies to make international trade revenue generating. 4. Bilateral trade is often the missing element. 5. What's the point of importing and exporting if you don't know how to use trade strategies to increase your profit margins? You don't have to listen to me, I've only been doing this for 20 years 😉 Take our free mini course to get started. Link:https://lnkd.in/gwKFWXMG #AGOA #Agatesolutions

The US-Mexico border trade preserves a vast opportunity for logistic companies due to the high volume of goods exchanged, offering a steady stream of business and enabling companies to capitalize on their experience in cross-border transportation and customs procedures.

"Mexico’s trade with the U.S. rose 1.1% year over year (y/y) compared to January 2023. Canada ranked No. 2 with $59.7 billion in trade with the U.S. in January, a 3% y/y decrease. China was the third-ranked U.S. trading partner in the month with $47.9 billion in trade, a 6.6% y/y decrease." #sagefreight #sagetruckload #logistics #freightservices #supplychain