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Safe Ports’ Strategies for Success

Safe Ports’ Strategies for Success

Safe Ports Holdings, a woman-led logistics and inland ports-focused company, announced the appointment of His Highness Sheikh Khalid Al Hamed to lead operations and efforts to support the company’s overall vision to establish world-class logistics hubs, specifically in the African and Middle Eastern region, according to a release this week from the company.

Safe Ports’ is establishing technologically advanced logistics solutions which can accelerate economic prosperity throughout this region. Safe Ports is a company that fully embraces the logistics opportunities before us, and is making a difference, we are very pleased to be a part of this effort,” His Highness Sheikh Khalid Al Hamed said.

His Highness Shekh Al Hamed holds several esteemed positions as the KMK Investments Executive Chairman along with his various real estate, construction, and other business investments. This extensive line of experience will prove successful for Safe Ports and the 2019 business initiatives as Al Hamed takes the new position on the International Advisory Board.

“The Sheikh’s leadership and vision demonstrate his deep commitment to regional economic growth,” said General Keane on the transition. “We are very pleased to have him become a part of our team.”

Safe Ports along with Al Hamed focus on the greater issues within trade topics, focusing on free trade zones and logistics hubs that support successful movements of cargo in all sectors from sea to rail and highways. Safe Ports announcing the transition is just one of the various ways industry leading companies are gearing up for the upcoming new year, proving planning efforts are to be implemented sooner than later.

Source: Safe Ports

Australia, China Ink Major Free Trade Agreement

Los Angeles, CA – Australia and China, it largest trading partner, have inked a preliminary free-trade deal that would give Australia’s service industry unsurpassed access to the Chinese market and hand the Australian agriculture sector some significant market advantages over its U.S., Canadian and European competitors.

Under the terms of the “Declaration of Intent” deal, China will reportedly make 85 percent of Australian goods imports tariff-free from the outset, rising to 93 percent four years later, the Australian government said.

In return, Australia will lift tariffs on imports of Chinese manufactured goods and alter the threshold at which privately-owned Chinese companies can invest in non-sensitive areas without government scrutiny from 248 million Australian dollars ($218 million) to AU$1,078 million.

The pact would be signed soon after the first of the year and could take effect as early as March if it is endorsed by the Australian Parliament. No modeling has been done on the value of the free-trade deal, the government said.

The removal of tariffs on Australian farm products would give Australia an advantage over U.S., Canadian and E.U. competitors while negating advantages New Zealand and Chile have enjoyed through their free-trade deals with China, the government said.

According to press reports, stumbling blocks in the negotiations, which began in 2005, were Chinese protection of its rice, cotton, wheat, sugar and oil seed industries and demands for less Australian government restrictions on Australian companies and assets being sold to Chinese state-owned businesses.

Those specific areas were excluded from the agreement, which will be renegotiated in three years, reports said.

Two-way trade between Australia and China grew from $86 million in the early 1970s to $136 billion in 2013.

11/20/2014

U.S., China Have Diverging ‘Vision’ for Pacific Trade

Washington, D.C. – The U.S. will continue to focus on its own blueprint for a comprehensive Free Trade Area of the Asia-Pacific (FTAAP), according to U.S. Trade Representative Michael Froman.

Speaking at the APEC Summit in Beijing, Froman told reporters that a China-backed “vision” for Asia-Pacific free trade is only a “long-term aspiration, not the launch of a new FTA (free trade area).”

“It’s a reaffirmation of a long-term aspiration for the region that’s to be achieved through other ongoing negotiations,” he said.

Froman remarks define an on-going divergence in the approach to a Pacific regional trade accord by the two largest trade players in the region, the U.S. and China.

Beijing has thrown its support behind the FTAAP idea, while the U.S. is working towards crafting the long-sought 12-nation Trans-Pacific Partnership (TPP), which excludes China.

According to media reports, a draft final communique of the Beijing-hosted summit prominently mentions the importance of FTAAP calling for steps to be taken to “translate the FTAAP from a vision to reality” and craft a “strategic study.”

In response, Froman said, the TPP remains “a priority” and that it would serve as a “building block” for the FTAAP, which has a 2025 target date.

“TPP of course is the major focus of our economic pillar of the rebalance to this region,” he said, referring to the White House’s publically-stated goal of giving greater attention to the Asia-Pacific area.

“We certainly view TPP as our contribution to expanding trade and integrating the region,” he said, adding that, despite sluggish negotiations and frustrating snags, the TPP discussions have made “very significant progress”, but he refused to be drawn on a timetable for completing the process.

11/18/2014