Summit of World's Leading Maritime Regulators a Success
Yesterday, regulators from the U.S. Federal Maritime Commission, the People's Republic of China's Ministry of Transport and the European Commission's Antitrust Unit met at FMC (FMC) headquarters in Washington, DC. The regulators conducted discussions that included the roles and responsibilities of each nation.
FMC Chairman Mario Cordero stated, "I called for this Global Regulatory Summit given the rapidly changing face of the international maritime sector demands. . . The scope and size of the changes taking place provides an opportunity for our respective governments to dialogue and share our views on global regulatory challenges, and the impacts to international trade.
Commissioner Richard A. Lidinsky of the FMC said, "In my nearly four decades of maritime regulatory experience, I have never witnessed such focus and determination as displayed today by the EU, PRC and U.S. delegations. The key focal points included global maritime industry issues such as alliances, agreements, cargo flows, shippers and ports.
Federal Maritime Commissioner William P. Doyle noted, "The Obama Administration has been urging federal agencies to cooperate with their foreign counterparts, as the President issued an Executive Order in 2012 titled, Promoting International Regulatory Cooperation. Our three governments did this today with the global maritime regulatory summit -- and with great success."