FDA Bans Salmon Imports from Chile – The United States Food and Drug Administration (FDA) has banned the importation of Salmon from Chile. The administration banned the fish after finding the chemical ‘crystal violet,’ which is banned in both Chile and the US due to its carcinogenic effects.
Read more from The Santiago Times
Port of Chicago Receives Private Investment – The Broe Company, based in Colorado, has secured a 62-year lease for the Port of Chicago and will invest $500 million to modernize the port and update the infrastructure. The company will lease most of the port’s facilities and invest the $500 million over the next decade.
Read more from Chicago Tribune
Japan Joins TPP Negotiations – Japan has formally joined the Trans-Pacific Partnership (TPP) negotiations on Tuesday. The US-led TPP is a free trade agreement (FTA) covering about 40% of the global economy.
Read more from Channel News Asia
China and Sri Lanka to Build Port City – China Communications Construction Co Ltd has finalized a $1.43 billion deal with Sri Lanka to build a new 230 hectare port city. The 39-month long construction project will begin in September.
Read more from The Maritime Executive