Background

China in crosshairs of new ocean shipping reforms

“In addition to addressing data security concerns for companies using the Shanghai Shipping Exchange, a major container freight-rate benchmark for U.S. imports, Johnson wants to disincentivize companies from using the National Transportation and Logistics Public Information Platform, a Chinese state-sponsored shipment tracking data exchange that China has branded as LOGINK.”

[FreightWaves]

Nearshoring to Mexico happening faster than expected

“About 88% of U.S.-based small and medium-sized businesses (SMBs) will reshuffle their supply chains to utilize suppliers in the U.S. or Mexico in 2023, according to a recent survey from Gartner-owned consultant Capterra.”

[FreightWaves]

U.S. forced labor crackdown is tough but opaque

“The stakes for companies can be high, because the law instructs Customs to bar goods with any ties to Xinjiang at any stage in their production, a type of ‘guilty until proven innocent’ regime in the eyes of some industry observers.” 

[The Wall Street Journal]

Switzerland to abolish industrial tariffs

“Whereas customs duties once served to protect domestic industry from foreign competition, today they make it more expensive to procure materials from abroad.”

[State Secretariat for Economic Affairs]

African Union summit aiming to fast-track continental FTA

“All AU countries except Eritrea have signed up for the agreement, but discussions are stalling over the timing of tariff reductions, especially for the least developed countries.”

[The Brussels Times]

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