World

Japan, U.S. tiptoe into new phase of Pacific trade talks

The United States and Japan are edging into a new phase of trade negotiations after U.S. President Barack Obama and Japanese Prime Minister Shinzo Abe's summit, people with knowledge of talks to create one of the world's biggest trade pacts said. FULL STORY »

U.S., Japan trade pact stalemate keeps partners waiting

A stalemate between the United States and Japan on farm and auto markets in Pacific trade talks is locking all the participants in a "waiting game," Chile's head of international economic relations said on Thursday. FULL STORY »

U.S. steps up trade pressure on Japan ahead of Obama visit

The United States put last-minute pressure on Japan to compromise in tough trade talks on Wednesday, shortly before President Barack Obama was to arrive for a state visit. FULL STORY »

Japan has not narrowed trade differences with U.S.

Japanese officials said on Tuesday there was still a significant way to go before reaching a broad agreement on trade with the United States, a day before President Barack Obama visits for a summit. FULL STORY »

USMEF: Growing retail presence in U.S. pork and beef in Peru

U.S. Meat Export Federation (USMEF) Technical Services Manager Cheyenne Dixon is in Lima, Peru, this week to conduct training sessions for two local supermarket chains and an association of importers whose members distribute meat to Peruvian retailers. FULL STORY »

Pork exports to Mexico, China drive February exports

U.S. pork exports in February were 420 million pounds, a year-over-year increase of 5.5 percent. For the fourth month in a row, Mexico was the largest buyer of U.S. pork, while exports to Japan were 10 percent lower compared with February 2013. FULL STORY »

Food shortages could be most critical world issue by mid-century

The world is less than 40 years away from a food shortage that will have serious implications for people and governments, according to a top scientist at the U.S. Agency for International Development. FULL STORY »

PEDv reaches Mexico

Porcine Epidemic Diarrhea virus (PEDv), first identified in the United States last April, has now spread to “virtually all states” of Mexico. FULL STORY »

Smithfield pork deal earns WH Group executives $600 million bonus

Two senior executives of China's biggest pork producer WH Group Ltd received a combined $600 million payout for helping the Chinese company seal last year's record $4.9 billion takeover of U.S.-based Smithfield Foods Inc, an unusually high incentive for an acquisition. FULL STORY »

China's corn rejections cost companies $427 million

China has rejected nearly 1.45 million tons of U.S. corn shipments since late last year, according to a U.S. grain industry association, the Wall Street Journal reported on Friday. FULL STORY »

U.S. may give up demand for zero Japan beef tariffs in trade deal

The United States appears willing to accept a big cut in Japanese tariffs on beef imports rather than insist on scrapping the levy, the Nikkei business daily said on Friday, as the two countries seek a trade deal seen as vital to a broader regional pact. FULL STORY »

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