Cuba’s First Free Trade Zone – Cuba is planning on building its first free trade manufacturing zone. The $900 million project is being paid for by Brazil and will be in the Port of Mariel near Havana.
Read more from Global Post
Port of LA Finishes Main Channel Deepening Project – The Port of Los Angeles has reached a major milestone in achieving global competitiveness, continued growth, and job creation by completing the Main Channel Deepening Project. The 10 year $370 million project involved deepening the Port’s main navigation channel and turning basins to accommodate bigger vessels.
Read more from Maritime Executive
Strike Causes Delays at Hong Kong Port – Dockers have been on strike for 8 days at the Port of Hong Kong and are causing a 20-fold increase in berthing times. Workers are demanding a 20 percent pay increase.
Read more from Bloomberg
U.S. Trade Pact with West Africa a Future Possibility – The United States is considering the possibility of a trade pact with the Economic Community of West African States called the Trade and Investment Framework Agreement (TIFA). The pact is meant to increase bilateral trade and investment, contribute to economic growth and increase international competitiveness.
Read more from Journal of Commerce