The world trading system should be continuously re-examined with regard to reforming the World Trade Organization (WTO) and the governance of data flows, given the escalation of trade restrictive measures and the impact on businesses, said Mr Akahoshi, President of JETRO.
As of 1 February, the Economic Partnership Agreement (EPA) between the EU and Japan has entered into force, marking the largest open trade zone in the world. The EPA removes the vast majority of the €1 billion of duties paid annually by EU companies exporting to Japan.
The January to November crude steel production statistics released by the World Steel Association indicate India as the second largest steel producer in the world, overtaking Japan for the second month in a row, with a growth rate of 4.9%.
Japanese NYK announced a schedule update regarding its plans to form a joint holding company to integrate the management of the four NYK Group terminal operation companies in Japan, through a new joint holding company that will be established by NYK and Mitsubishi Logistics Corporation (MLC), as announced in August 2018.
The European Union wants to take part in a complaint that Japan filed against the South Korean shipbuilding industry, according to the World Trading Organization (WTO). Namely, Japan has requested WTO dispute consultations with South Korea concerning alleged subsidies provided by the Korean government to its shipbuilding industry.
Japan has requested WTO dispute consultations with South Korea concerning alleged subsidies provided by the Korean government to its shipbuilding industry. Japan claims that the challenged measures, which include funds, loans, guarantees, insurance and other financing, are inconsistent with WTO’s SCM Agreement and the General Agreement on Tariffs and Trade (GATT) 1994.
A total of 1,966 vessels have deliveries dates scheduled for 2018, but only 1,100 have hit the water so far this year, meaning 44% of the ’18 orderbook is outstanding, according to VesselsValue. Ship deliveries typically slow down towards the end of the year, as a vessel is considered a whole year younger if shipowners wait a few weeks, allowing the delivery to slip into the new year.
At the EU-Japan summit in Tokyo, on July 17, the two parties signed the EU-Japan Economic Partnership Agreement. The trade agreement between two of the world’s largest economies includes provisions that promise a free trade, something that ECSA welcomed in a statement.
The European Commission presented trade agreements with Japan and Singapore to the Council to eventually be adopted. The European shipowners welcomed this move, noting that this was the first step towards the conclusion of these agreements, which “send a strong message to the world in support of fair and regulated trade”.
The start of operations of the world’s newest container shipping line, ONE, will be tested by its capability to harness synergies from the formerly-three liners it’s made up of, said online freight forwarder iContainers. By working together as a combined entity, ONE should take this opportunity to adopting the best practices of each member.
Sailors participating in Golden Globe Race19/05/2019
- Women in shipping
More opportunities will arise for African women in the maritime sector19/05/2019
DNA scan identifies microbes' origin from ballast water19/05/2019
ITF discusses fatalities from lashing operations19/05/2019
Deepest submarine dive in history recorded18/05/2019
- Women in shipping
WMU: Key actions to achieve gender balance in maritime18/05/2019
Ship detentions in Paris MoU region during April17/05/2019
Dutch maritime technology sector reports cautious progress17/05/2019
Watch: Conveyor belt collapses on bulk carrier17/05/2019
New agreement eyes autonomous system on SAR vessels17/05/2019