Overall This week, the Drewry composite index experienced a 1% increase, yet it has registered a 55% increase compared to the same period last year. The World Container Index (WCI) is now 92% higher than the average rates before the pandemic in 2019. Additionally, the average index for the year-to-date significantly exceeds the 10-year average,…
Introduction to Section 301 – What is it? Section 301 of the Trade Act of 1974 is a pivotal part of U.S. trade law that empowers the United States to enforce international trade agreements and address unfair trade practices. It grants the U.S. Trade Representative (USTR) the authority to investigate and rectify practices that adversely…
As we commemorate the 120th anniversary of the beginning of construction of the Panama Canal, we celebrate not only a marvel of engineering but also a pivotal conduit that has reshaped global trade and international relations. The Panama Canal, an engineering marvel that spans the Isthmus of Panama, connects the Atlantic and Pacific Oceans and…