USTR exempts STS crane orders arriving by May, 2026 from 25% tariff
NewsUnder new rules from the US Trade Representative, ship-to-shore cranes ordered before May 14, 2024, and arriving by May 14, 2026, will avoid a 25% tariff on imports from China.
Foreign investment boosts ports industry
Chinese shipping companies are foregoing investment opportunities in foreign ports in favour of a commercially lucrative domestic port industry, significantly boosted by foreign capital, according to the Ministry of Communications.
Foreign investment is expected to continue to flow into China’s port industry, having already “accelerated” its development over the past two decades, says the Ministry, which has forecast that overall throughput at China’s ports will exceed 6B tpa by 2020, up from 3.95Bt last year.
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This complete item is approximately 1000 words in length, and appeared in the July 2007 issue of WorldCargo News, on page 43. To access this issue download the PDF here.
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