Amsterdam hub to halt night flights, ban private jets to cut CO2
Schiphol Airport, a key European transfer hub, plans to stop late night flights and ban private jets to reduce noise and lower CO2 emissions.
Aircraft will no longer take off between midnight and 6 a.m. at the Amsterdam hub once the changes go into effect in the next two to three years, the airport said in a statement on Tuesday. There will be no more landings between midnight and 5 a.m.
The moves are part of a push to reduce noise and carbon emissions in line with the Paris climate accord. Private jets and small business aviation cause a “disproportionate” amount of noise and CO2 pollution and will be banned, the airport said. Schiphol is also scrapping plans for an additional runway.
AJOT
U.K. joins Trans-Pacific Partnership as it seeks to diversify international commerce
The U.K. government said it had struck a deal to join the Pacific trade alliance the U.S. exited under former President Donald Trump, as Britain looks to diversify trade away from Europe after Brexit.
The U.K. will become the first European country to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, known as the TPP. The club of 11 countries largely spans the Indo-Pacific region and includes nations such as Japan, Canada, Chile and Vietnam.
The agreement, which aims to cut trade barriers between members, is unlikely to have an immediate transformative effect on the British economy as the country already has trade deals with most of the TPP’s members.
The Wall Street Journal
More funding now flowing to U.S. ports for modernization projects
American ports, even those that are among the busiest in the world, have faced near-crippling levels of congestion since the outbreak of COVID. Supply chain back-ups have also had a negative impact. The smaller ports especially have scrambled to meet demand, but it is obvious that operational inadequacies at all U.S. ports must be addressed. Now, significant public investment is opening up for port projects of all types.
With funding support from the federal government, port authorities in each coastal region are being upgraded, modernized and electrified. The goal is sustainability because America’s ports are huge contributors to the country’s GDP.
Global Trade Magazine
UAE-Israel Comprehensive Economic Partnership Agreement
The UAE-Israel Comprehensive Economic Partnership Agreement (CEPA) has officially entered into force on 1 April 2023. UAE exporters will benefit from the tariff elimination or reduction on more than 96% of tariff lines (i.e. on 99% of the total value of trade with Israel). The CEPA also provides access to Israel’s domestic services market for UAE businesses including financial services, communications, tourism, transportation and distribution.
The Comprehensive Economic Partnership Agreement between the UAE and Israel should serve as a major engine to strengthen economic and commercial ties between the UAE and Israel. It is expected the agreement to produce significant mutual economic benefits. The customs agreement aims to enable mutual assistance in ensuring the proper application of customs laws, accurately assessing customs and other tax fees on exports and imports, adjusting customs data, and preventing and investigating customs violations.
United Arab Emirates Ministry of Economy
EU subsidies rule would hurt global firms, business groups warn
A draft European Union rule on foreign subsidies would have a “chilling effect” on foreign businesses operating in the bloc at a time when Europe needs investment to stay competitive, according to a group of global business associations.
The regulation imposes requirements that are unfamiliar to businesses and would require elaborate internal compliance mechanisms that do not currently exist, the groups, which include the American Chamber of Commerce to the EU and the Japan Business Council in Europe, said in a joint statement.
AJOT
Cargo inspection system implemented at Itapoá Port
Smiths Detection, a UK company in threat detection and security screening technologies, has delivered an HCVM XT cargo inspection system to Itapoá Port in Brazil.
The new system, which meets the latest Brazilian image quality requirements set out by the COANA regulations, will be used to screen export cargo for threats and undeclared goods, while helping to maintain the constant flow of trade.
Container News
