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Is a Free Trade Agreement Between the US and EU Brewing?


Plus, India's nationally sponsored tablet computer gets heat for being made in China, and more!

This column highlights the past week's most interesting and useful business and financial commentary on global trade from around the Web.

"Trade Deal Between US and Europe May Come to the Forefront"
A trade deal on the scale of the North American Free Trade Agreement (NAFTA) has been gaining popularity, offering massive economic benefits for the United States and the European Union if it comes to pass. It's a cost-effective solution that would cement free trade between the US and the EU, already each other's biggest trading partners. US trade with the EU has so far this year totaled $485 billion, versus $390 billion in trade with China. Europeans have also imported a far greater amount of goods from the US ($200 billion) than have the Chinese ($79 billion). Read more at the New York Times.

"India, China Influencing Pattern and Scope of International Trade: WTO"
At a recent lecture, Director General of the World Trade Organization Pascal Lamy drove home the reality that emerging economies like India, China, and Brazil are no longer "policy takers," and are instead exacting great influence on global trade systems. Read more at The Economic Times.

"FedEx Expecting Busiest Day Ever on Dec. 10"
FedEx (NYSE:FDX) expects 19 million deliveries in its worldwide network on December 10, an all-time record for the global package leader. This day is known as Green Monday, or the second Monday of December, which is traditionally one of the biggest profit-driving days for retailers. Last year, FedEx shipped 17.2 million packages on Green Monday. Read more at Market Watch.

"Asian Trade Raises Prospect of New Silk Road"
Chinese growth coupled with US foreign policy changes toward Asia have likened the formation of a new "Silk Road," a fortified collection of trade routes being carved by rail, and gas and oil pipelines. Adding to the differences between the 2,000-year old trade route and its modern replacement: While the Silk Road once linked East to West (or Ancient China and Ancient Rome), this new "Silk Road" will connect trading partners in the region, rather than strengthen trade partnerships with the US. Read more at Radio Australia.

"India's 'Aakash,' Now Made in China"
The Aakash is India's answers to the Apple (NASDAQ:AAPL) iPad and Google (NASDAQ:GOOG) Android-running tablets. When the first edition of the low-cost device was released last year, the government took special pride in the product being "Made in India." But the Aakash-2, unveiled by none other than the president of India himself, is stirring up some controversy. Why? Well, it's being made in China. Read more at the New York Times.

Twitter: @brokawbrokaw
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