The United States and the European Union have reached a framework for a trade agreement to address tariff challenges, promote economic cooperation, and enhance market stability and fairness, laying the groundwork for future international trade relations.
Brazilian regulators have decided to block Maersk's bid for the Port of São Paulo, aiming to maintain fairness and diversity in the market. This move will promote the development of small enterprises, enhance logistics efficiency, and achieve sustainable economic growth, demonstrating a profound understanding of market ecological balance.
Co-carriers are transport companies that operate openly to the public, taking responsibility for cargo transportation and serving customers at uniform rates. They are distinctly different from private carriers, and their fairness and transparency promote the development of the logistics market.
The HS Code is a key tool in global trade that promotes trade flow and tax fairness through a standardized classification of goods. This article analyzes the significance of HS Code classification and emphasizes its impact on industry compliance and market competition.
Recently, the Ministry of Transport announced adjustments to the macro-control policy for the transportation market of bulk liquid hazardous goods in coastal provincial routes. The new policy emphasizes principles of openness and fairness, aiming to optimize market entry and improve transportation efficiency through overall control and selection mechanisms, thereby promoting sustainable development in the industry.
The British Ports Association (BPA) serves as a national organization advocating for various port operators, promoting fairness in policy and market environments. The association is dedicated to supporting the development of the port industry through policy advocacy, environmental sustainability, and knowledge dissemination, fostering collaboration and innovation among its members.
Customs valuation is a critical process for determining the tariff value of imported goods, encompassing six main methods, from transaction value to alternative methods. This framework ensures fairness and transparency in international trade.
The Customs Revenue Package launched by the World Customs Organization aims to help countries address the decline in fiscal revenue caused by the global financial crisis. It focuses on enhancing the transparency of customs valuation and transfer pricing to promote fairness and efficiency in international taxation.
New Indonesian e-commerce tax regulations are now in effect, requiring sellers with annual revenue exceeding IDR 500 million to pay 0.5% income tax. This measure aims to alleviate fiscal pressure and promote market fairness. The new rules will directly impact seller profit margins and increase platform operating costs and compliance responsibilities. In the long term, a standardized tax environment will contribute to the healthy development of the Indonesian e-commerce industry. Sellers and platforms need to actively adapt to these changes.
Full compensation for damaged or lost goods during freight transport is not always legally justified. The law clearly defines the responsibilities, rights, and obligations of shippers, freight forwarders, and carriers. Carrier liability is typically capped, based on weight rather than the value of the goods. All parties should reasonably share risks within the legal framework to maintain the healthy development of the industry and achieve a win-win situation. This approach ensures fairness and promotes sustainable practices in freight transportation.
