The Federal Maritime Commission has asked the Transpacific Stabilization Agreement for more information on the TSA’s proposed expansion to include westbound as well as eastbound trans-Pacific lines.
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FMC Delays Expansion of Transpacific Stabilization Agreement
The best course of action that the U.S. could take is to make it illegal to have any collective/joint rate setting take place. The practice that is followed today creates a completely unfair practice for shippers and creates a dependency on the whims of the carriers. The largest economy the world has ever seen runs on a free-market basis, so why shouldn't shipping be under the same for shipping country to country? The issues work out to be even more of an issue when Europe and other economies choose to not allow collective rate setting and therefore the burden falls more on the U.S. economy as Europe has been enjoying lower overall rates from a historical perspective.
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