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In the News: Japan Deal, Customs Brokers, EU-Africa Pact, Shipping Costs

Thursday, October 10, 2019
Sandler, Travis & Rosenberg Trade Report

U.S., Japan sign trade deals

“The first deal scraps Japanese tariffs on nuts, berries, grains, wine, cheese and other products amounting to roughly $4.3 billion, and reduces tariffs on beef and pork products amounting to $2.9 billion. … The second deal focuses on digital products, such as digital media and software, which will face reduced trade barriers and tariffs. Digital trade between the two countries already amounts to $40 billion.”

[The Hill]

CBP presses continuing education for customs brokers

“CBP Deputy Commissioner Robert Perez announced Sept. 23 that the agency will form a task force to establish a continuing education framework for licensed customs brokers, which could become a regulatory requirement.”

[American Shipper]

EU launches talks on new African trade pact

“The Economic Partnership Agreement with Comoros, Madagascar, Mauritius, Seychelles and Zimbabwe has been in place since 2012 but currently only covers goods. In a press statement, the Commission said the new agreement would hopefully cover ‘trade-related areas, such as services, investment, technical barriers to trade, intellectual property rights as well as trade and sustainable development’.”

[Euractiv]

Shippers face higher carrier costs in 2020

“Container shipping lines will attempt to pass on extra fuel costs due to the introduction of low-sulfur IMO 2020 fuels next year. If shippers prove unwilling to foot the bill, carriers will likely make major cuts to service levels, according to new analysis by Drewry Shipping Consultants.”

[American Shipper]

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