Regulation & Policy
The existence of a border wall wouldn’t impede trade facilitation, except that it would cost a great deal of money that might not be available for hiring new Customs officers.
Such a move already has support on Capitol Hill, where lawmakers have been weighing options to strengthen Federal Maritime Commission safeguards against collusion among carriers in the world’s three major VSAs.
The US agency charged with clearing goods at the border lacks sufficient staff to handle the growing flow, and the price of related delays are costing the United States as much as $5.8 billion a year, according to a report by the US Congress Joint Economic Committee.
Roughly $4.6 billion is needed at East and Gulf coast ports to remedy pinch points in harbor infrastructure.
The decision will facilitate infrastructure investment.
Spanish dockers have threatened a fresh wave of strikes.
US Customs and Border Protection sided with the oil and gas industry over Jones Act supporters in the first major test of how the act’s US-flag shipping requirements will be interpreted under the Trump administration.
If there was any sign of foul play, “we’d investigate,” the Federal Maritime Commission acting chairman Michael Khouri said at a Senate subcommittee hearing on Tuesday.
JNPT's program to ease congestion and lower logistics costs had its best month ever in April.
The move will impact port and supply chain investments under the Belt and Road program.