Asian firms consider Mexico factories as China risks grow

“The plans come as the idea of ‘near-shoring’ gains ground in Washington. The Trump administration is exploring financial incentives to encourage firms to move production facilities from Asia to the United States, Latin America and the Caribbean.”



U.S. ends pacts with Hong Kong on extradition, shipping tax

“The end of reciprocal tax treatment on shipping was most likely to affect companies such as Orient Overseas (International) Ltd., which could be subject to tax on income hauling cargo to the U.S.”

[Accounting Today]


Truckers seek $1.8B from ocean carriers for alleged chassis overcharges

“‘For more than a decade, these foreign-owned companies have worked together to take advantage of hard-working American trucking companies,’ said Bill Sullivan, ATA’s executive vice president for advocacy, in a press release.”

[American Shipper]


EU to enhance preferential trade with Pan-Euro-Mediterranean countries

“Today's proposals will modernise the EU's preferential trade agreements with 20 PEM trading partners by making the relevant ‘rules of origin' in those agreements more flexible and business-friendly.”

[European Commission]

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