Leland Business Park Could Become Foreign Trade Zone [StarNews]

A group is working to breathe new life into the Leland Industrial Park.

The 600-acre park is already home to several successful businesses — Victaulic, Bradford Products, Tritech Forensics and Coca-Cola, to name a few — and it houses Brunswick Community College’s Business Incubator.

May 2019 Trade Deficit Report

The nation’s international trade deficit in goods and services increased to $55.5 billion in May from $51.2 billion in April (revised), as imports increased more than exports.

May 2019: 55.5° $ billion
April 2019 (r): 51.2° $ billion

March 2019 Trade Data Report

The nation’s international trade deficit in goods and services increased to $50.0 billion in March from $49.3 billion in February (revised), as imports increased more than exports.

March 2019: 50.0° $ billion
February 2019 (r): 49.3° $ billion

February 2019 Trade Deficit Report

The nation’s international trade deficit in goods and services decreased to $49.4 billion in February from $51.1 billion in January (revised), as exports increased more than imports.

February 2019: 49.4° $ billion
January 2019 (r): 51.1° $ billion

British consul: post-Brexit trade deals could bolster North Carolina economy

The United Kingdom is an important trading partner for North Carolina, so the ultimate nature of the U.K.’s exit from the European Union could have consequences for the state.

That was one point that Andrew Terrell emphasized in a talk he gave Monday to a roomful of business, education and local government leaders in Wilmington City Council Chambers at City Hall. Terrell, the new U.K. Consul for Government & Prosperity and head of the new U.K. Government Office in Raleigh, made his presentation under the auspices of Wilmington’s Foreign Trade Promotion Council (FTPC).

December 2018 Trade Deficit Report

The nation’s international trade deficit in goods and services increased to $59.8 billion in December from $50.3 billion in November (revised), as exports decreased and imports increased.

December 2018: 59.8° $ billion
November 2018 (r): 50.3° $ billion

Tariffs could impact FTZ business benefits

Local and national trade experts say that Foreign Trade Zones can be a tool for local companies to utilize in global business, but whether it can aid in the national tariff situation is a more complex issue.

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More port projects on the way to support future growth

N.C. Ports’ container business has grown 61 percent, year over year to date, according to Paul Cozza, executive director of N.C. Ports.

To keep up with that growth, Cozza said port officials are looking into additional projects, including deepening the Cape Fear River and upgrading its container yard. The projects were part of the updates Cozza shared at a luncheon Friday hosted by the N.C. Foreign Trade Promotion Council.

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FTPC Adds RSM’s Charles Craft to Board

PRESS RELEASE — April 5, 2018 The Foreign Trade Promotion Council (FTPC) announced today that H. Charles Craft III, a partner with RSM US LLP(http://rsmus.com/) (“RSM”) is a new board member. RSM US LLP is the nation’s leading provider of audit, tax and consulting...

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2018 North Carolina Ag Export Seminar

Are you a current agricultural exporter or interested in learning more about exporting? The 2018 NC Ag Export Seminar is your opportunity to network with industry professionals experienced in trade finance, logistics, documentation, international market research and...

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Export Decline Drives Up Monthly Trade Deficit

March 13, 2018 Sandler, Travis & Rosenberg Trade Report The U.S. trade deficit in goods and services increased 6.6 percent in January to $56.6 billion, the largest monthly shortfall in nearly a decade, according to trade statistics released by the Department of...

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