Mexico auto lobby urges government to keep border open for business

MEXICO CITY (Reuters) – The Mexican Automotive Industry Association (AMIA) on Monday urged the government to keep goods flowing across the U.S.-Mexico border despite the coronavirus outbreak in a bid to help automakers weather the crisis. In a statement, AMIA also asked for regional content rules under a new North American trade agreement not to […]

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USMCA rush amid pandemic adds to concern

Reports that the Trump administration was considering a June 1 start date have stirred concern among auto makers, parts suppliers and trade groups that say the deadline, which they say is premature, could disrupt a smooth transition from NAFTA to the new trade deal, especially as the outbreak worsens.

 

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ARPM outlook for 2020: Steady, slowing in auto

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INDIANAPOLIS—”Steady with a chance of slowing.” That’s the forecast for 2020 for rubber product manufacturers, as determined by the State of the Rubber Industry Study, an annual report compiled by the Association of Rubber Products Manufacturers.

Read the source article at Rubber and Plastics News

NR growth outlook falling on coronavirus-induced demand drop

KUALA LUMPUR — The growth in demand for and production of natural rubber is slipping, prompting the Association of Natural Rubber Producing Countries (ANRPC) to revise downward its 2020 global outlook for natural rubber. The association said it expects NR production to grow by 2.7% this year to 14.2 million metric tons, down from the […]

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German rubber industry braces for ‘zero growth’ after 2019 decline

Frankfurt, Germany –Germany’s rubber industry is set for zero-growth in 2020, after a 4.2% year-on-year decline to €11 billion in 2019, the WDK has forecast.

Both the tire industry and technical rubber segment posted a decrease in sales for last year, according to the German rubber industry association.

Tire deliveries fell 4.4% to €4.5 billion and technical rubber sales dropped 4% to €6.4 billion, said a WdK industry survey issued 4 March.

Read the source article at European Rubber Journal

Tire Industry Mourns the Passing of Brian James

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Brian James, former President of the Tire and Rubber Association (1985-1996) and lifetime industry professional and executive at Dunlop, passed away on February 3, 2020 at the age of 90. His career, spanning over four decades, took him around the world and made him an influential force in the industry globally, and a key figure and dedicated champion of the tire industry in Canada and North America.

“Brian was a mentor and a friend to me personally and to many in the industry. He had uncanny ability to bring people together and share knowledge and ideas for the betterment of our industry and he was always keen to share fascinating and interesting stories from his lifetime in the industry. Brian made a number of important contributions to the Canadian rubber industry, particularly during the original Free Trade Agreement negotiations, where he and a few other key players negotiated a ten-year phase-out of tariffs in an effort to help domestic producers adjust to open borders. During that same period, he helped negotiate a duty remission program with the Feds that ultimately garnered close to a billion dollars of new investment in Canada, which is essentially why we still have a vibrant tire industry in Canada today. He will be sorely missed by many.” Says Glenn Maidment, President of the Tire and Rubber Association. 

A visitation will be held at Kopriva Taylor Funeral Home, 64 Lakeshore Road West, Oakville on Sunday, February 9, 2020 from 2:00 to 4:00 pm. Funeral service will take place on Monday, February 10, 2020 at 2 pm at Grace Church-on-the-Hill, 300 Lonsdale Road, Toronto, followed by a reception.

There is still a chance for rubber to continue to explore long-term rubber

The epidemic has no major impact on upstream rubber production. Domestic production areas are in the cut-off season, and major overseas production areas in Thailand and Indonesia have not yet spread the epidemic on a large scale. However, the number of confirmed cases in Thailand has increased in recent days, and trade with China has also […]

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Natural Resources Lifted By Trade, Growth Optimism

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Commodities and natural resource equities faced a number of headwinds leading up to October as fears around slowing growth in China and a strong U.S. dollar created less than ideal conditions for the space. As the quarter progressed, these were joined by concerns around Brexit […]

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Canada PM wants USMCA deal ratified quickly, opposition says not so fast

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WINNIPEG — Canadian Prime Minister Justin Trudeau on Tuesday urged legislators to quickly approve a new continental trade pact but the main opposition party said it wanted to study the deal, indicating the ratification process could drag on. Canada is the only one of the three signatories not to have formally blessed the United States-Mexico-Canada Agreement (USMCA) deal and officials fret the process may well last until April.

Read the source article at Canada Business News

Germany likely to lose the most from trade diverted by U.S.-Sino deal

BERLIN (Reuters) – The trade deal struck by the United States and China will divert trade away from European exporters, experts said on Tuesday, and Germany is likely to be affected the most. Washington and Beijing last week reached a truce in their 18-month trade war, which slowed global economic growth and increased business uncertainty.

Read the source article at Global Rubber Markets News