On May 12, the PMA (the negotiating body for the west coast marine terminal operators) and the ILWU (the west coast longshore union) began 2014 contract negotiations in San Francisco. Each side has laid out their starting demands most of which will either be settled quickly or completely dismissed depending on merit by both parties. The ILWU indicated that they want a two year contract while the PMA prefers a six year contract but have indicated they could concede to a minimum contract term of no less than three years.
News / Supply Chain Alerts
The Customs Trade Partnership Against Terrorism (C-TPAT) program provides special benefits for its participants in exchange for extra security procedures and processes, which prevent tampering and infiltration of legitimate cargo moving though the international supply chain with contraband.
June 30, 2014 will mark the end of the current International Longshore Workers Union (ILWU) contract. The ILWU manages the labor for all Longshore work done on the west coast of the United States from Seattle to San Diego and Vessel Pilots in the Panama Canal.
The Thai government has declared a state of emergency for Bangkok and surrounding areas amid anti-government protests. The affected areas are: Bangkok, Nonthaburi, Pathum Thani’s Lat Lum Kaeo district and Samut Prakan’s Bang Phli district. The state of emergency went into effect on Wednesday and will last 60 days (January 22-March 22).
Exempt International Transportation
The China Ministry of Finance (MOF) and the State Administration of Taxation (SAT) have jointly agreed to exempt international transportation from their recently implemented VAT regulations. The revised tax treatment is retroactive to August 1, 2013 when the nationwide regulations first came into effect. A joint circular (Caishui 2013 No 106) has been issued by the MOF and SAT explaining the exemption.