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Issue #594

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2014 Media Kit

International Trade

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NY Governor Cuomo to lead trade mission to Cuba

Reuters | January 20, 2015 | International Trade

New York Governor Andrew Cuomo will lead one of the first trade missions to Cuba from the United States since the Obama administration loosened travel and trade restrictions on the Communist-ruled Caribbean island, his office confirmed. Read More »

Time not right to ease Russia sanctions, EU says

Reuters | January 20, 2015 | International Trade

European Union foreign ministers said there were no grounds to lift economic sanctions against Russia despite conciliatory proposals from the EU's foreign policy chief, as violence intensified in Ukraine. Read More »

AgTC Supports US DOT—Mexico Trucking Agreement

AJOT | January 19, 2015 | Intermodal | Road | International Trade

AgTC sent the following letter to the US DOT in support of the announcement to allow Mexican motor carriers to apply for authority to conduct long-haul, cross-border trucking services in the US. Read More »

U.S. Treasury and Commerce Release Revised Cuba Sanctions Regulations

AJOT | January 19, 2015 | International Trade

U.S. Treasury and Commerce Release Revised Cuba Sanctions Regulations

On the morning of Jan. 16, 2015, the U.S. Treasury Department, Office of Foreign Assets Control (OFAC) and the U.S. Department of Commerce Bureau of Industry and Security (BIS) will publish revised Cuba sanctions regulations opening trade with Cuba for the first time in decades. Those changes are the first step in moving toward normal relations with Cuba. Read More »

Kerry Logistics and Puninar Logistics’  Form Indonesian JV

AJOT | January 19, 2015 | International Trade | Transport Intermediaries

Kerry Logistics, a leading logistics service provider in Asia, announced the formation of a new joint venture - Kerry-Puninar Logistics, with the shareholders of PT Puninar Saranaraya ("Puninar Logistics"), one of Indonesia's largest logistics companies for business expansion in Indonesia. Read More »

Thai “safeguard” duty cuts India’s steel exports to Thailand

AJOT | January 19, 2015 | Breakbulk & Projects | International Trade

A "safeguard" duty on India’s steel exports to Thailand have severely impacted Indian shipments of steel. Industry sources said the move has led to a drastic fall in exports of hot rolled coil (HR Coil) to Thailand at 13,000 tonnes during April-October period of current fiscal against 2 lakh tonnes in the entire 2013-14. Read More »

WTO Appellate Body condemns Argentina’s import restrictions

AJOT | January 19, 2015 | International Trade

The WTO’s Appellate Body today confirmed the earlier panel’s findings: the various practices imposed by the Argentinean authorities on companies as a condition to import goods into the country are illegal under WTO law. Argentina should no longer require foreign firms to limit their imports, offset the value of imports with equivalent exports, invest in the country and keep their profits there, or use certain amount of Argentine content in their products. The WTO's Appellate Body also confirmed that Argentina should not require firms to secure an approval for their imports using the procedure known as the Advanced Sworn Import Declaration. Argentina should now renounce to its practices allowing European companies to resume normal business with their Argentine partners. Background Argentina introduced the measures as part of its so-called 'managed trade' policy. Its aim was to substitute imports for locally-sourced products and to reduce the country's foreign trade deficit. The measures have imposed a severe burden on importers of EU products into Argentina and impaired the capacity of foreign firms to operate in the country. Read More »

Port Freeport annouces signing of another global ocean carrier

AJOT | January 16, 2015 | International Trade | Ports & Terminals | Ports | RoRo Port

Port Freeport annouces signing of another global ocean carrier

Port Commission Chairman John Hoss announced today the signing of a second global transportation provider at Port Freeport. Hoegh Autoliners, an ocean carrier whose ships specialize in the transport of roll-on/roll-off cargoes (such as automobiles, excavators and other related cargoes), has signed a ten year contract with Port Freeport. Read More »

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