China Freight News

Re:  Speculation over China’s final implementation of Circular Caishui 37’s (“Circular 37”) 6% VAT and how it will be applied. Circular 37 is a proposed tax policy which includes VAT on the “transportation and modern services sector” and which was

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GSP Update

Congress has introduced legislation (H.R. 2709) to extend GSP through September 2015. GSP is currently due to expire July 31, 2013. It is unclear whether Congress will act in time to pass the new legislation prior to the August recess.

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GSP is Due to Expire July 31st

The Generalized System of Preferences (GSP) program is slated to expire on July 31, 2013. As of this writing, it appears unlikely that Congress will extend the legislation prior to the expiration date. With the upcoming Congressional summer recess, we

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Customs to Begin Full Enforcement of ISF July 9, 2013

U.S. Customs and Border Protection (CBP) has announced that they will begin full enforcement of the Importer Security Filing (ISF or 10+2) on July 9, 2013. To date, CBP has been applying a measured and commonsense approach to ISF enforcement.

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Labor Strike at Hong Kong Terminals

We would like to inform you about the current status of a labor strike at the Hong Kong International Terminals (HIT). HIT, which has a 70% market share in terms of port handling volumes, operates five terminals out of a

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ILA and USMX Come to Six Year Agreement

The International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) have finally come to an agreement on a six-year contract for East and Gulf Coast dockworkers. This agreement is the culmination of nearly a year’s worth of difficult

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Sequestration to Possibly Impact CBP Operations and Trade

On March 1, 2013, government budget cuts will become effective under the Sequestration Transparency Act of 2012, unless a deficit reduction proposal is agreed upon before this date. These reductions would impact Customs and Border Protection (CBP) operations and, consequently,

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