How the Red Sea crisis is upending global trade
“Peter Sand, chief analyst at Xeneta, an ocean and air freight data firm, estimates that about 90% of the usual container ship capacity passing through the Red Sea and Suez Canal has been rerouted around the southern tip of Africa.”
[CNN]
EU’s forced labor proposal still needs improvement, rights groups say
“All three—European Commission, Council and Parliament—proposals envision a single threshold of proof, meaning conclusive evidence, for sanctions ranging from import restrictions to disposal of goods, the letter said. The U.S. approach, which considers ‘reasonable but not conclusive’ evidence sufficient for issuing import restrictions, is a better one, it said. “
[Sourcing Journal]
Major delays in cross-border cargo flow after glitch in Mexican customs system
“Glitches in the customs computer system are not a new phenomenon, but users said problems of this magnitude had not happened before. And users are not happy about how the problem was handled.”
[The Loadstar]
No solution to WTO appeals court crisis foreseen, documents show
“A seventh and final version of a reform proposal marked 'Confidential' gave no details of an appeal mechanism to replace the Appellate Body which was shuttered in 2019 following repeated U.S. moves to block judge appointments.”
[Reuters]
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