Director-General Pascal Lamy, in a speech at the World Customs Organization in Brussels on 24 June 2011, said that the implementation of the Trade Facilitation measures discussed in Geneva could reduce total trade costs by almost 10 per cent.
Whereas, in accordance with subsection 48(2) of the Canada-Colombia Free Trade Agreement Implementation Act, chapter 4 of the Statutes of Canada, 2010, His Excellency the Governor General in Council is satisfied that the Government of the Republic of Colombia has taken satisfactory steps to implement the Canada-Colombia Free Trade Agreement...
The Honourable Ed Fast, Minister of International Trade and Minister for the Asia-Pacific Gateway, today announced that Canada will move quickly to reintroduce implementing legislation for the Canada-Panama Free Trade Agreement.
/Canadian International Freight Forwarders Association
Shippers are adapting to slow steaming by ocean carriers, but want carriers to share savings through better pricing and improved customer service reports American Shipper. An April survey of 290 logistics executives around the world, conducted by Philadelphia-based logistics company, found only half believe the economic and environmental benefits of slow steaming are worth the cost and inconvenience to shippers and their customers.
Incoterms came into existence in 1936 as a series of sales terms, published by the ICC for use in international commercial transactions. Incoterms are reviewed approximately every ten years to ensure that they relate to current world trade practices. One thing to remember is that Incoterms do not get automatically superseded by a new edition.
The Journal of Commerce reports that global ocean container traffic reached an all-time high of 560 million 20-foot equivalent units in 2010, driven by surging volume at Chinese ports, according to a report by Alphaliner.