China and the USA have agreed to suspend port call fees on each other's vessels for a period of a year, delivering temporary relief to global shipping companies caught in escalating trade tensions. This announcement is part of a broader truce between the two nations as...
After almost a decade of negotiations, Indonesia and the European Union (EU) have finalised a trade agreement that will eliminate tariffs on the majority of goods traded between two partners. Approximately 98.5% of EU exports to Indonesia will no longer face import duties, effectively making European...
The United States and Australia have signed a landmark bilateral framework, aimed at securing critical minerals and rare earths supply chains vital for defence, advanced manufacturing and clean-energy technologies. This multi-billion initiative includes multiple components from joint public and private investments in the mining and processing...
Ocean freight spot rates have fallen to levels not seen since before the COVID-19 pandemic. Whilst this decline in shipping costs might be perceived as positive news, it also reveals significant structural challenges and heightened competition that could potentially impact service reliability across global supply...
The US Alcohol and Tobacco Tax and Trade Bureau (TTB) has finalised a rule making permanent the system that allows foreign producers to assign excise tax benefits to importers under the Craft Beverage Modernisation Act (CBMA), effective as of the end of October. It also...
Australia's largest port container, The Port of Melbourne has partnered with the world's largest port container, the Port of Shanghai, in a bid to establish a Green Shipping Corridor between the two locations. The two parties will collaborate with industry partners to reduce the environmental impact...
One of Australia's largest exports to the US, beef, is among hundreds of food products now exempt from the 10% reciprocal tariffs imposed earlier this year by President Trump. This tariff exemption, signed by Executive Order on the 14th of November, provides ample opportunity for Australian...
A milestone deal to cut global shipping emissions has been postponed, with the IMO's Marine Environment Protection Committee deciding to delay adoption of new requirements on greenhouse gas (GHG) fuel intensity, in combination with a pricing and reward mechanism until October 2026. With over 100 countries...
Current tensions between Canada and China could result in an opportunity for Australian farmers to increase the volume of canola exports to China. Alongside an anti-dumping probe into Canadian canola, Beijing imposed preliminary duties of 75.8% on imports of the oilseed from the country in August,...
Newcastle Airport's international terminal upgrade is now officially open, providing direct global connections and a raft of new opportunities for the Hunter region. With an expanded footprint, upgraded facilities for border services, and a new holding area and gates with international/domestic swing capacity, this terminal is...