Free Trade Agreement Between India and Indonesia Progresses – Both India and Indonesia has agreed to fast-track the negotiations on the pending Comprehensive Economic Cooperation Act (CECA). The CECA covers trade in goods, services and investment. Both countries are also considering widening the trade agreement scope to India-Asean (Association of Southeast Asian Nations).
Read more from Business Line
Work on Liverpool Port Terminal Will Begin Next Year – Beginning next year, the Port of Liverpool will begin construction on a $480 million deep water container terminal. This new terminal will have the capability to simultaneously handle two container ships of 13,500 TEUs each and will double the port’s annual capacity to 1.5 million TEUs. The terminal is scheduled to open in 2015.
Read more from Journal of Commerce
NAFTA Forms Under Review – U.S. Customs and Border Protection (CBP) has issued a call to the general public for comments concerning information collections for the North American Free Trade Agreement (NAFTA) Regulations and Certificates of Origin. In regard to the Paperwork Reduction Act of 1995, certain CBP forms pertaining to the NAFTA Regulations and Certificates of Origin are being targeted for expiration. All comments must be received by March 22, 2012.
Read more from Global Trade News
New Export Control Offices for Investigating Shipments – Two new export offices are being opened as part of President Obama’s multi-year effort to reform the country’s Cold War-era export control regime. The Information Triage Unit, operated by the Commerce Department Bureau of Industry and Security, will be a center for the exchange of information and will be in charge of administering the control laws. The Export Enforcement Coordination Center (E2C2), managed by Immigration and Customs Enforcement, will coordinate enforcement of activities of a number of agencies such as the FBI and the department of Homeland Security and Commerce. Both offices will expedite investigations into shippers believed to be illegally exporting goods that require federal approval and licensing.
Read more from Journal of Commerce
