Academic literature on the topic 'Investments, American. Food industry and trade'

This paper summarises workshop discussions at the 5th international MYCORED meeting in Ottawa, Canada (June 2012) with over 200 participants representing academics, government and industry scientists, government officials and farming organisations (present in roughly equal proportions) from 27 countries. Workshops centred on how mycotoxins in food and feed affect value chains and trade in the region covered by the North American Free Trade Agreement. Crops are contaminated by one or more of five important mycotoxins in parts of Canada and the United States every year, and when contaminated food and feed are consumed in amounts above tolerable limits, human and animal health are at risk. Economic loss from such contamination includes reduced crop yield, grain quality, animal productivity and loss of domestic and export markets. A systematic effort by grain producers, primary, transfer, and terminal elevators, millers and food and feed processers is required to manage these contaminants along the value chain. Workshops discussed lessons learned from investments in plant genetics, fungal genomics, toxicology, analytical and sampling science, management strategies along the food and feed value chains and methods to ameliorate the effects of toxins in grain on animal production and on reducing the impact of mycotoxins on population health in developing countries. These discussions were used to develop a set of priorities and recommendations.

Rapid globalization of the agrifood industry has important impacts on international trade and quality management (QM). Likewise, the European Union has negotiated a series of bilateral free trade agreements. Of note was the Transatlantic Trade and Investment Partnership (TTIP) with the United States of America, where the debate focused on the mutual recognition and harmonization of quality standards, especially for agricultural and food products. This topic offered the mainstream media excellent substances for coverage. This paper explores German print media, television, and radio on the importance of international quality standards in the agrifood sectors in light of the TTIP. A quantitative and qualitative empirical content analysis was performed to investigate media reporting regarding (a) it is scientific character, (b) the use of the term “quality standards” of the agrifood industry, and (c) the reporting on the agrifood industry and QM linked with TTIP, focused on harmonization. The results showed that interrelations between QM and global trade were not presented to recipients in-depth. A trend toward information asymmetries in recipient’s knowledge is indicated. The study addresses recommendations for future collaborations between media, policy-makers, and further cooperation in the mutual recognition and harmonization of quality standards and control procedures within global trade.

The following paper deals with the American Chinese trade war and its impacts on Taiwan’s economy, particularly sales in Taiwan’s semiconductor industry. Indeed, trade tensions impact global supply chains, especially in the semiconductor industry, since its supply chain is highly globalized and dependent on many companies in various countries. Hence, the industry is susceptible to trade disruptions. With the largest microchip manufacturer TSMC, Taiwan is one of the key players in the fabrication of microchips. It has strong cultural, geographical, and economic ties to China and, on the other hand, strong economic and military relations to the United States. A trade war between those two countries is an enormous future challenge for the island. However, this paper proves that trade tensions had a lower-than-expected impact on Taiwan’s economy and the microchip industry. Due to capital that diverted from China to Taiwan and investments from Taiwanese companies in other countries like the USA. Additionally, Taiwan handled the Covid-19 pandemic extraordinarily well and therefore did not have any significant economic restrictions in the domestic market. Now it depends on the future action steps of the Taiwanese industry and government. If Taiwan manages to steer outgoing companies from China to Taiwan, the island could emerge as the surprise winner of the trade dispute. For this purpose, the paper gives concrete recommendations on how to increase the attractiveness for FDI through tax benefits or infrastructure investments.

This paper investigates and outlines a cost-energy optimised pathway for the UK food manufacturing industry to attain the national Greenhouse Gas (GHG) emission reduction target of 80%, relative to 1990 levels, by 2050. The paper employs the linear programming platform TIMES, and it models the current and future technology mix of the UK food manufacturing industry. The model considers parameters such as capital costs, operating costs, efficiency and the lifetime of technologies to determine the cheapest pathway to achieve the GHG emission constraints. The model also enables future parametric analyses and can predict the influence of different economic, trade and dietary preferences and the impact of technological investments and policies on emissions. The study showed that for the food manufacturing industry to meet the emission reduction targets by 2050 the use of natural gas as the dominant source of energy in the industry at present, will have to be replaced by decarbonised grid electricity and biogas. This will require investments in Anaerobic Digestion (AD), Combined Heat and Power (CHP) plants driven by biogas and heat pumps powered by decarbonised electricity.

Aging is not lost youth, but a new stage of opportunity and strength. - Betty Friedan, American feminist, 1921-2006 (Cofounder of the National Organization for Women) Where Are We Going? If one does not know to which port one is sailing, no wind is favorable. - Lucius Annaeus Seneca, Roman statesman, 4 BC-65 AD The most challenging aspect of creating a monthly column is to try to balance mission (i.e., long-term strategy), contemporary events (i.e., things happening now), and the urgent (i.e., news you need to know). This column will have a bit of all three. I chose “trade winds” as the theme for this article. As every sailor knows, you must tack to where the wind is, not where you want it to be. I know that every student and Young Professional is waiting for the wind to align with their path. Frankly, I cannot promise that will happen anytime soon, but I can promise it will happen. To borrow a phrase, “patience or pivot” is on everyone’s mind right now. What I would point out is that we have already done both; we have been patient and we have pivoted. I believe that our pivot has been to see the strength and missions of our industry as never before. This is not just in terms of the financial recovery that will significantly enhance activity across all sectors of our industry, but also the impact of having secure and cost-effective energy to power that economy and to provide so many direct benefits to society. My goal as SPE President is to ensure that every initiative that can be considered is considered, that every member feels valued, that their voice is heard, and most of all, that we collectively and proactively work to build the future of our industry. As an adolescent, a family member once told me that “sentimentality is the worst investment advisor.” Obviously, this advice was given as I was about to invest in something stupid and my family member used it as a moment to educate me. I confess it took a while to sink in, but it is true. We must be realistic about the value generated by our investments in life (e.g., time, education, personal relationships, and of course, money). SPE must make investments to remain relevant, and frankly, I need your support to ensure those investments are both wise and appropriate.

Before the 1970s, the U.S. economy was so large relative to the rest of the world that few American economists worried about the international sector and its relation to the U.S. economy. That view has changed dramatically in the past two decades. Total U.S. trade has increased from only $83 billion in 1970 to $866 billion in 1990, averaging a 12.4% increase each year. Exports accounted for less than 4% of U.S. gross national product (GNP) in the 1950s and 1960s, but now exports account for about 6% of U.S. GNP. These changes have radical implications for U.S. firms and government policies. The U.S. can no longer disregard economic occurrences in the rest of the world.

Purpose This paper aims to analyze whether the domestic policy reforms in India would suffice, or there is a need to conform to stricter international standards as well. The paper is arranged along the following lines. First, the paper offers a brief review of the cooperation in the field of harmonization of vehicle regulations which is provided by the so-called WP.29 Forum. Second, the United Nations Economic Commission for Europe (UNECE) standards and their membership along with Indian participation in the forum are presented. Third, reforms in India through the “Make in India” (MII) initiative and its trade in the auto-component segment are analyzed. Fourth, the possible non-tariff barriers (NTBs) on imports of auto-components in select partner countries is computed and presented. Fifth, the penetration pattern of partner countries in India’s automotive sector export value chain is analyzed. Finally, based on the observations, key policy conclusions are drawn both from global and Indian perspectives. Design/methodology/approach This paper blends expertise in law and economics and enables readers to have a finer understanding of the automotive sector which is one of the most internationalized product groups in world trade, characterized by not only cross-border movement of final products, but also of intermediate products like auto-parts and components as well as major global investment and relocation decisions. This paper focuses on India for four crucial reasons, which makes India both a key player (and potential disruptor) at global level and the rather complex approach chosen by the country vis-a-vis many regulations (including UNECE and WTO), reflecting its tendency to rely on domestic consolidation through measures such as the 2014 MII initiative. Findings The data analysis in the current paper indicates that after conforming to the UNECE 1998 standard, India’s relative trade with these countries has increased both in terms of auto-components and automobile products. Moreover, the value contribution from these partner countries in India’s exports is rising. On the other hand, the relative share of the UNECE 1958 countries in India’s trade basket has declined and a mixed trend is noticed for the common contracting parties (CPs). In addition, the share of the countries without accession to any of the UNECE agreements in India’s trade has shown an upward trend. The observation indicates that the divergence in automotive product standards might crucially influence India’s trade flows. It seems that in the short run, an orientation for exporting to UNECE 1998 partners and non-members emerges as a dominant strategy, underlining a specialization in medium-quality segment. Nevertheless, the long-term robustness of such a move deserves closer analysis, particularly by focusing on whether India may need to join the UNECE 1958 agreement to sustain its export growth. Before joining UNECE 1998, the sector has enjoyed protection through high tariff barriers. Given the differing perspective on opening-up, automobile sector earlier emerged as an obstacle in conclusion of EU–India Bilateral Trade and Investment Agreement (BTIA), which is being negotiated since 2007. However, after entry into an regional trade agreement (RTA), tariff preference in itself may not provide a country the requisite market access. The recent standard-setting exercises in ASEAN, a group with which India is deepening trade integration since 2010, may be considered as a case in point. Research limitations/implications The analysis so far indicates that absence of participation in UNECE 1958 standard may restrict future options for India. Presently, Indian vehicle exports are reaching UNECE 1998 member countries (e.g., Ford India sending Ecosport to USA). It is also directed towards African and Latin American countries, presently not part of any agreement. However, the ASEAN countries, currently partnering India through free trade agreement (FTA), are increasingly moving towards UNECE 1958 standards. India’s sectoral trade surplus with ASEAN countries over 2009-2013 to 2014-2018 has declined from US$548.44mn to US$529.53mn, respectively. The potential challenges in reaching ASEAN and other UNECE 1958 member countries, in turn, may influence the relocation decisions of global auto majors in India, defeating the core purpose of MII initiative. Practical implications Given the scenario, a number of policy choices for India emerge. First, joining UNECE 1958 may not be a short-run option for India, but after evaluating the evolving trade pattern, in the long run, the country may consider adopting certain core 1958 standards, in line with its economic interests. Such a move may facilitate greater export flows from India to UNECE 1958 countries. The experience of Indonesia and Vietnam, who have conformed to select UNECE 1958 standards in spite of not being formally part of any agreement, deserves mention in this regard. Second, it is observed that India’s trade balance (TB) is not improving for several Regional Comprehensive Economic Partnership (RCEP) member countries, in spite of obtaining tariff preferences through an existing trade bloc. Part of the poor performance has been explained by Indian exporters often using the most favoured nation route rather than the preferential route, to avoid the associated compliance-related complexities. The standards and mutual recognition agreements (MRAs) conformance provisions in ASEAN–India FTA are also found to be weaker vis-à-vis the comparable provisions for other ASEAN-centric bilateral RTAs with other RCEP members. This underlines the need for both rules of origin (ROO) reforms and agreement on MRAs, which may enhance the trade potential in general and in automotive sector in particular. In the short run, India should therefore attempt to enhance exports to the UNECE 1998 members and CPs, given the commonality in standards. However, in the long run, there is a need to explore harmonization with certain core 1958 standards, to promote exports in general and even within its RTAs in particular. Originality/value The automotive sector is one of the most internationalized product groups in world trade. It is known that harmonization of product standards with partner countries can facilitate bilateral trade flows. Presently, three agreements exist for harmonization of automotive standards relating to passenger and vehicle safety under the aegis of UNECE – UNECE 1958, UNECE 1997 and UNECE 1998. Through a series of reforms and launch of the MII initiative in 2014, India has deepened its presence in world automotive sector trade and aspires to play a bigger role in coming days. Moreover, India is a WTO member and has joined the UNECE 1998 standard in 2006, which means that several important conventions regulate and bind the country. The current paper intends to analyze whether the domestic policy reforms in India would suffice in promoting the exports from this sector, or there is a need to conform to stricter international standards. The data analysis reveals that India’s relative trade orientation is deepening towards the UNECE 1998 members and countries not part of any UNECE agreements. On the other hand, the relative trade share of the UNECE 1958 countries in India’s trade basket has declined and a mixed trend is noticed for the common CPs. The analysis indicates that the divergence in automotive product standards might crucially influence India’s trade flows in general and participation in international production networks in particular. The paper argues that in the long run, India needs to consider adherence to certain UNECE 1958 standards as well as speeding up the pending domestic reforms.

Remarkable changes have occurred over the years in the domestic and international economic environment of the fruit and vegetable industry. These changes are partly driven by the North American Free Trade Agreement, nutrition policies, and development and enforcement of new food safety standards. The articles in this invited session examined the effect of these drivers and their implication on the future competitiveness of the southern fruit and vegetable industry.

The article is devoted to the problem of revealing peculiarities of mutual influence and interdependence of changes in the economic structure of Ukraine and its participation in international economic relations at different stages of historical development. The purpose of the study is to summarize the historical and economic generalization of the experience of structural transformation in domestic agriculture from 1950 to 1960 in the context of foreign trade in food. It was revealed that the political need to resume bread exports after World War II was an important reason for the beginning of the reform of Soviet crisis-hit agriculture. The main directions of reforms are identified, such as the increase of public investments in the development of agrarian industry, reduction of taxes on producers, increase in state procurement prices for agricultural products, expansion of the acreage through the development of virgin lands, sharp increase in corn output, and advanced development of animal husbandry. It was found that the reduction of administrative pressure on producers, their increased material incentives and improvement of technical support of the enterprises caused a temporary economic recovery in the agrarian sector. It is proved that the curtailment of this policy due to the lack of domestic sources of financing and the predominance of extensive forms of management led to a slowdown in the development of agriculture, an increase in its crisis phenomena and the formation of dependence on food imports. Proposals are made on possible directions of using elements of historical experience gained in contemporary economic policy of Ukraine.

This thesis aims to analyze the evolution of the investments of Mexico in foreign countries, its beginnings, the economic policy behind the boost on investments, the main Mexican industries evolution of investments in the globe and the specific food industry development through the years. To reach the final analysis of the specific opportunities of three of the biggest companies in the Mexican food sector, Grupo BIMBO, Grupo MASECA and Conservas La Costena, which will have conclusions on the Czech conditions for businesses, competition in the food industry by domestic companies and the description of the capacities of each Mexican enterprise that may or may not enable them to invest in the Czech Republic. The first chapter analyzes a theoretical approach to the global context dynamics and the theories that we believe are proper for the investment flows analysis along with the performance of Mexico in this dynamics. The second chapter covers the development of the outward Mexican FDI linked to some historical facts, policies and reaching an analysis on the evolution of Mexican FDI presence in Europe. The Chapter three deepens the study in the food sector, with a global contextualization of the dynamics in and out of Mexico, and then analyzes our three specific cases, BIMBO, GRUMA and LA COSTENA. Finally, the fourth chapter will end with the analysis of the Czech Republic as a potential investment receiver, barriers, legal framework, and competition in the food sector, to reach the final description and conclusions about the opportunities of Mexican investments in the food sector on the Czech Republic.

This study examined the determinants of U.S. foreign direct investment (FDI) and exports of processed food. This study also examined the impact of U.S. FDI on U.S. exports on processed food. FDI and export models used for estimation in this study were based on the cost-minimizing production function. The analysis focused on ten countries for the period of 1989-2004. Four of them were Asian countries: India, Japan, South Korea, and Thailand. Six of them were European countries: Belgium, France, Germany, Italy, Spain, and the United Kingdom. The model was estimated using the two-way error component three-stage least squares (EC3SLS) method. Results from this study show that U.S. FDI and U.S. exports of processed food are complements. Major factors affecting U.S. FDI in the processing industry are GDP, GDP per capita, exchange rate, tariff rate, labor compensation cost, interest rate, and distance. Major factors affecting U.S. exports in the processed food industry are GDP, distance, and GDP from the agri-sector.

Titled Foreign Things No Longer Foreign: How South Koreans Ate U.S. Food, my research investigates the ways in which surplus American food were familiarized in daily Korean life. When food such as wheat flour and powdered milk was largely alien to their diet before 1945, many Koreans encountered the new American food in free feeding stations, in school lunch programs, and as wages-in-kind by working in public construction programs, ran by varying actors such as the U.S. Operations Missions in Korea, South Korean central and provincial governments, and foreign voluntary agencies. By exploring different channels through which surplus American food was distributed, I argue that political factors were more crucial than economic and cultural aspects in making wheat flour and powdered milk popular in South Korea. The two main political factors were the changing purposes of U.S. foreign food assistance and the South Korean state’s use of the surplus food. The distribution channels of surplus American food tells us about a process of globalization that did not begin with market expansion, and also about the cultural and social transformations born out of these distributions. In addition to feeding the hungry, U.S. food programs funded the joint U.S.-South Korean military build-up against North Korea, and Food for Peace programs also helped building rural villages, reclaiming upland for farming, and establishing oyster and seaweed culture-fields in coastal areas. Instead of opting for development, requiring large capital investment, technological expertise, and machineries, these surplus food programs only used surplus American grains and unskilled Korean labor.

The goal of this chapter is to analyze the socio-economic role of value-added agriculture (VAA) for Central Asian (CA) countries. The agricultural sector of the region provides raw materials for the food, textile, and leather industry. Cotton, wheat, rice, and fruit (fresh and dried) play an important role in the foreign trade of each CA country. These countries have unrealized potential for storing, freezing, processing, and packaging of the wide nomenclature of fruit, food production, and drinks with the organization of their further exports to perspective markets. Adding value to agricultural products lead to increasing the share of finished goods in export, supplying import-substituting products, improving infrastructure in rural areas, providing new jobs, and growing farmers' income. Based on the analysis, the authors recommend using value-added agriculture for the CA countries by attracting domestic and foreign investments to rural areas, establishing tax incentives, and allocating preferential credits for agribusiness.

Seven years after Britain’s government in 1996 admitted to the potentially catastrophic human health risks of mad cow disease, fears of the deadly pathogen had faded. Scientists had neither a vaccine nor a cure for nCJD, but in early 2003 they downgraded the projected infection rates; tens of thousands of cases of nCJD now appeared unlikely. The domestic beef market had recovered, and even long-critical media commentators said it was time for beef “to have a revival” (Lawrence 2003a). Whether for reasons of safety, taste or patriotism, market surveys indicated that consumers now preferred British beef to imported meats (Mintel 2003). They also worried rather less about overall food safety. According to the government’s Food Standards Agency (FSA) annual Consumer Attitudes Survey, the percentage of consumers who described themselves as “very” or “quite” concerned about food safety had dropped to 68 percent in 2002 down from 71 percent the year before.1 This is still a lot of concern, but the government nonetheless concluded that it had “made some headway” in its efforts to win back public trust. At the international level, however, longstanding food controversies still simmered and sometimes flared. Zambia, for example, set off a round of transatlantic name-calling in late 2002 when, despite impending famine, it refused to distribute genetically modified (GM) food aid from the United States. The U.S. trade secretary accused the “Luddite” Europeans of forcing Africans to go hungry because the Zambians, like other southern African agro-exporters, feared losing access to the European market if American GM corn contaminated their own crops. European NGOs, meanwhile, condemned the United States for using food aid to establish an African beachhead for the biotech industry (Vidal 2002; Teather 2003). Media analysis of this controversy gave little attention to Zambian citizens’ views of GM food, emphasizing instead the striking rift between American and European perspectives on GM foods and food quality more generally. As in past coverage of the transatlantic GM battle, the explanation was partly cultural (Europeans simply care more about taste than shelf life), partly social psychological. The trauma of recent food scares, in other words, had left Europeans suspicious of “unnatural” foods even if “science” insisted they were safe.

The key concepts, proceeding top-down, for market analysis for the hospitality industry are market segmentation, demand, and supply. Location or trade area comes into the analysis as an umbrella over these three concepts. Market niche and segmentation, demand, and supply are primary determinants to establishing the criteria for locating hospitality facilities. Whenever there have been sufficient numbers of travelers in search of food and shelter, some form of hostelry industry has arisen.1 The Code of Hammurabi (1800 B.C.E) referred to innkeeping (Winfree 1996). In the western countries, as the Romans established an extensive roadway system, taverns and inns followed at strategically spaced locations. The Roman roads were used for military travel, trade and commerce, and pilgrimage and tourism. These are the primary reasons we use roads today. The early inns were largely run by religious orders. However, in Europe, as commerce grew in the fifteenth century, lodging as a commercial activity began to replace innkeeping as a charitable activity. In the American colonial period during the seventeenth and eighteenth centuries, inns and taverns were an important part of commerce and cultural exchange. These facilities were designed after the inns and taverns of England, which were closely integrated into their communities. Inns and taverns did not intrude or disrupt the neighborhood; instead, they were thought of as being an integral part of the culture and activities of the neighborhood. Architecturally, early inns and taverns conformed to the look and feel of the surrounding neighborhood environment. Survivors of these early inns are the contemporary bed-and-breakfasts (B&Bs). The term hotel arose early in the nineteenth century and was used to distinguish a greater level of commercial activity than an inn. Hotels offered food, drink, retail shopping, and lodging. Hotels were also more intrusive in their neighborhoods. Instead of less than 10 rooms that typified many inns of the era, early hotels contained as many as 200 rooms, and rose to 6 floors in height. Many nineteenth-century hotels were the tallest buildings in town. Thus, the hospitality industry began its first cautious attempts at market segmentation and diversification. Inns remained, but hotels offered an alternative experience via amenity differentiation.