The U.S. Maritime Administration earlier this week announced that the United States and China had signed “the most far-reaching, five-year bilateral U.S.-China maritime agreement in the history of maritime trade between the two nations during a ceremony in Washington, DC.” The agency further described the pact as “a sweeping agreement that gives U.S. registered shipping companies the legal flexibility to perform an extensive range of new business activities in China, including logistic operations, and providing services for their own vessels and alliance partnerships…. The agreement offers U.S. companies similar privileges to those that Chinese companies already enjoy in the United States.”
MarAd’s press release is available here
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