Get ready for some waves 🌊: The Chinese mainland's Ministry of Transport just dropped a 10-article plan to charge special port fees on ships owned or operated by U.S. enterprises, organizations and individuals. Starting October 14, U.S. vessels docking in the Chinese mainland will face new charges – a move that echoes Washington's own fees on Chinese ships.
Here's the breakdown:
- Scope & Standards: Defines which voyages and fee rates apply.
- Collection Entities: Points out who collects the fees at port.
- Exemptions: Ships built by the Chinese mainland ✅. Empty vessels stopping only for repairs? Also exempt! 🔧
- Dynamic Updates: Fees and charging periods will flex with the market and trade climate.
Why now? The ministry says the U.S. action triggering these charges violates WTO rules and the Chinese mainland-U.S. maritime transport agreement. By responding in kind, the Chinese mainland aims to protect its industries and level the playing field in global shipping. 🌍🚢
While the new fees take effect mid-October, experts warn both sides could be in for a rough sea of negotiations ahead. Stay tuned as we track how this tit-for-tat affects maritime trade between two of the world's biggest economies. 📈⚓
Reference(s):
China details measures for charging special port fees on U.S. ships
cgtn.com
