Marine Link
Friday, October 21, 2016

U.S., Brazil Close To Shipping Pact

October 20, 1999

A shipping agreement which was expected to be signed last Wednesday between the U.S. and Brazil reportedly will provide equal access to government business and nullify two taxes that had penalized U.S.-line shippers, U.S. officials said. U.S. Transportation Secretary Rodney Slater, traveling in South America, said the three-year agreement would return U.S.-Brazil shipping to the "quality relationship" that had prevailed until recently for the last 30 years. Brazil apparently has agreed to drop a separate ship registry that had offered shippers tax breaks for doing business with Brazilian-registered ships. Also, it appears that the Brazilian government has agreed to waive additional taxes levied on goods shipped via U.S. lines because the Brazilian Congress had not ratified the last U.S.-Brazil maritime pact.

Maritime Reporter Magazine Cover Oct 2016 - Marine Design Annual

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News