The Federal Maritime Commission has voted to take no further action to delay the effective date of the Transpacific Stabilization Agreement amendment to include westbound trans-Pacific trade.
The commission vote was triggered when the TSA filed an amendment seeking a 24-month trial period to expand the geographic scope of the TSA. The amendment expanding the TSA becomes effective April 14, 2013.
The TSA and the Westbound TransPacific Stabilization Agreement are separate discussion agreements. According to the TSA, the primary purpose of expanding the TSA is to reduce costs by eliminating maintenance of two separate carrier agreements, each with its own meetings, dedicated carrier support staff, separate compliance requirements and repetitive administrative overhead.
Going forward, the transportation agency will continue to closely monitor the TSA, FMC Commissioner William P. Doyle said in a written statement.