CJEU decision increases burden on producers, importers and suppliers of components
SVHCs in component parts above 0.1% concentration must be notified In a ruling with significant implications for producers, importers and suppliers of complex articles, the Court of Justice of the European Union (CJEU) has followed an earlier Advocate General's opinion that producers and importers of articles must notify ECHA if any of the components in their articles contain a substance of very high concern (SVHC) above a concentration of 0.1% weight by weight. Suppliers of products comprising any individual component will also have to provide information to recipients and, upon request, consumers. Full Review via Allen & Overy
Though down about 2 percent when counted as TEU’s (a still healthy 214,267 TEU’s handled), containerized cargoes were up 4 percent when counted as metric tonnage: All told, 1,470,821 metric tons of containerized cargoes were handled during the first half of 2015 compared to the 1,414,220 tons of containerized cargoes handled during the same period of 2014.
Contributing to the 28.44 percent in overall breakbulk cargoes were several individual breakbulk cargoes that showed big gains during the first half of this year. Cocoa beans, with 81,485 tons handled, were up 12.01 percent. Fruit, with 134,921 tons handled, was up 13.51 percent. Steel, with 248,148 tons handled, was up 27.57 percent. Forest products, with 369,951 tons handled, were up 54.03 percent. Liquid bulk, with 671,415 tons handled during the first half of this year, was roughly equal to the same period last year. “2014 was the fifth consecutive year of double-digit cargo growth at the Port of Philadelphia, and our initial numbers for 2015 point to more good news like that by the end of this year,” said PRPA Executive Director James T. McDermott, Jr. “With our 45-foot channel deepening project nearing completion and our Southport marine terminal project moving forward, these are exciting times for the Port, and the fact that our cargo numbers have been going up even before these projects are completed is particularly gratifying. PRPA, our terminal operators, and the administration of PA Governor Tom Wolf are working together in a terrific manner to keep this port moving in the right direction.” The Philadelphia Regional Port Authority (PRPA) is an independent agency of the Commonwealth of Pennsylvania charged with the management, maintenance, marketing, and promotion of publicly-owned port facilities along the Delaware River in Philadelphia, as well as strategic planning throughout the port district. PRPA works with its terminal operators to modernize, expand, and improve its facilities, and to market those facilities to prospective port users. Port cargoes and the activities they generate are responsible for thousands of direct and indirect jobs in the Philadelphia area and throughout Pennsylvania. The conclusion of the 12-nation Trans Pacific Partnership (TPP) Agreement is good news for U.S. companies and for Pennsylvania and New Jersey exporters. Over the past two years, Pennsylvania exported $18.8B to all TPP markets. In the last two years alone, 47% of Pennsylvania’s total goods exports went to the TPP Region. Similarly, in New Jersey exports to TPP markets reached $12.7B annually, and accounted for 34% of total goods exports from the Garden State. To date, 49% of Pennsylvania’s exports and 39% of New Jersey’s exports come from countries with whom the United States has free trade agreements. With the conclusion of the TPP negotiations and with the support of Congress for ratification, customs duties will be reduced or eliminated, with enhanced trade rules making it easier to do business in these markets. Making companies aware of these market opportunities supports our mission of accelerating the global business growth of companies in the Greater Philadelphia Region. Since 2002, we have helped companies in the region generate over $1.3B in new export sales. Following the success of our March 2015 Global Business Conference, “Making Free Trade Agreements Work for You,” our March 2016 Global Business Conference, we will brief Pennsylvania and New Jersey businesses on the new market opportunities in TPP countries. ARLINGTON, Va. – The U.S. Trade and Development Agency applauds today’s agreement by all partners of a high-standards Trans-Pacific Partnership (TPP) agreement. This 21st century agreement is critical for America’s economic leadership, as it puts the United States at the center of a free trade zone covering two-thirds of global GDP. It ensures preferential access for U.S. goods and services in the Asia-Pacific, opening markets that are home to 570 million new middle-class consumers. In addition to unlocking opportunities for American businesses and American workers, it includes the strongest labor and environmental standards ever included in a free trade agreement. Guide to Europe Online and Italy, Spain and Social Media Dear Members, Partners & Supporters, Welcome to our new look! During the summer, our Communications team has been busy creating an updated version of our newsletter which we are now unveiling, as well as enhancing our overall messaging through social media. Do you like us on Facebook? Are we LinkedIn? And are you following us on Twitter? Please do! We want to stay closely connected to know what you're doing and to be sure you won't miss our international trade updates and the events we have planned for you. On October 8th we have our Embassy Series with a spotlight on the Baltics and on the 29th our Export Finance Workshop signature events returns and will be held at the Cooper River Boathouse in Pennsauken, NJ. We hope you enjoy our WTC Review and thank you for supporting our mission to help companies grow their global business in promising markets around the world. Sincerely, Linda Mysliwy Conlin President, World Trade Center of Greater Philadelphia
Philadelphia is ranked in the top 10 best US cities for trade by the Global Trade Magazine. From GlobalTradeMag.com:
Story from World Trade PA - World Trade Pennsylvania International Week (PIW) 2014 proved beneficial for Huntingdon Fiberglass Products (HFP), a global leader in the manufacturing of fiberglass products for the composites market, including automotive, transportation, wind energy and industrial markets.
Mr. Paul Geist, President, attended World Trade PIW for the first time in September 2014 to introduce his company to the visiting Authorized Trade Representatives from around the globe. The meeting and conversation with the India Representative, Ms. Supriya Kanetkar, prompted Paul to make an inquiry to one of HFP's customers who has a relationship with an automotive manufacturer in India. As a result, Huntingdon Fiberglass Products has now a secured new business in India. HFP started shipping product to India in February and will make ongoing monthly shipments. HFP expects the relationship to extend well beyond 2015. |
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