Articles Tagged with ''global economy''

The dairy industry has voiced its opposition of the recent European Union-Canada Comprehensive Economic and Trade Agreement (CETA), arguing the agreement contains provisions on geographical indications, and reallocates a portion of the World Trade Organization tariff rate quota for cheese to the EU, which would create trade barriers for the US dairy industry that would limit its access to the Canadian market.

In an effort to crack down on companies relocating outside the US for tax benefits, the US Department of the Treasury and the Internal Revenue Service issued its first steps on a targeted approach to reduce the tax benefits—and when possible, stop—corporate tax inversions.

A number of leading companies that comprise the supply chain necessary to move cold food products around the world have launched a new organization known as the Global Food Cold Chain Council (GFCCC) to tackle environmental issues.

Illinois-based meat processing holding company OSI Group said it will lay off 340 employees at its Chinese affiliate, Husi Food Co., Ltd., after the facility made headlines in July surrounding an ongoing food safety investigation.

Chocolates, coffee, cheese, ice cream and soft drinks are among the most desired Western products.

Increasing health concerns and a rise in disposable income are contributing to the growth of the global bottled water market which was worth $157.3 billion in 2013, according to a report from Transparency Market Research.

The McDonald’s Corporation said its global comparable sales (sales at all restaurants in operation at least thirteen months) decreased 3.7 percent in August.

As Americans’ taste for wine continues to rise, so has the US market for the libation which soared ahead of France as the world’s largest wine market last year, according to the Beverage Information & Insights Group.

The global soft drink market increased by less than 2 percent in 2013 to $937 billion, but Chinese brands and Red Bull are on the rise, according to the latest data and analysis from market researcher Canadean.