Trade News / International regulatory updates
A number of officials have espoused their confidence that the Trans-Pacific Partnership (TPP) trade deal will be completed this year, despite the fact that the latest round of talks ended with negotiators leaving marathon talks in Hawaii without a completed agreement.
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Japan and the European Union (EU) are getting closer to a free trade agreement. For Britons and the U.K. government, this development is another factor to consider in the looming “Brexit” decision.
President Barack Obama’s decision to wade into the debate over whether the U.K. should remain in the European Union touched a nerve with pro-“Brexit” London mayor Boris Johnson. However, the U.S. president’s remarks on a post-EU trade deal between his country and the U.K. have raised concerns over potential “threats.”
One Pacific nation not involved in the Trans Pacific Partnership is working on a trade agreement of its own with one of the pact’s member countries.
The long running debate over the implementation of the Trans Pacific Partnership has colored the political landscape of the various countries involved. Now Japan’s national legislative body, the Diet, is having its own debate on the merits and faults of the tree trade agreement.
While there have been some requests for a later deadline for the International Maritime Organization’s (IMO) amendments to the Safety of Life at Sea Convention (SOLAS) container weight rules, the organization should not expect such appeals for leniency from Canada.
While 12 countries have already signed the Trans Pacific Partnership (TPP) and are now in the ratification process, one Southeast Asian nation is mulling whether it should join the pact at all.
Shippers are urging government to harmonize container weighing guidelines ahead of pending regulations adopted by the International Maritime Organization (IMO) – a part of the United Nations (UN).
On July 1, new global regulations will be implemented requiring shippers and forwarders to weigh containers before loading them onto ships. However, preparing for the new rule has proven problematic.