Port of Long Beach to Waive Cargo Fees Incurred During Strike – The Port of Long Beach Board of Harbor Commissioners has unanimously approved an ordinance approving the waiving of all cargo related holding and storage fees that were incurred during the recent strike from November 28th-December 4th.
Read more from LB Press-Telegram
Israel, U.S. to Sign Customs Cooperation Agreement – The Israeli Tax Authority’s Authorized Economic Operator (AEO) and the U.S. Customs and Border Protection (CBP) have signed a joint work plan that will bring the two programs closer to a mutual recognition agreement. This agreement would aid in cross-border communication, coordination and collaboration between government agencies.
Read more from STR Trade News
Hapag-Lloyd Begins Merger Talks with Hamburg Süd – The German carriers Hapag-Lloyd and Hamburg Süd are in preliminary talks for a merger that would create the fourth largest ocean carrier. Both carriers are reviewing the terms and conditions of a merger.
Read more from Journal of Commerce
China Lowers Import Tariffs – Starting January 1st, China will be lowering the tariffs on 784 imported goods in an effort to boost domestic consumption. Lower tariffs will apply to raw materials and spare parts for equipment manufacturing as well as products related to people’s livelihoods, such as healthcare equipment.
Read more from China.org.cn