The new Chinese ship taxation measures announced recently by the USTR “not only distort fair competition and impede the normal functioning of the global shipping industry, but also threaten its stable and sustainable development”
In a press release, the Chinese shipping company COSCO states that “these actions risk undermining the security, resilience, and orderly operation of global industrial and supply chains.”
It reaffirms the shipping company’s commitment to support global trade by providing reliable, high-quality shipping and logistics solutions. “Looking ahead, we will continue to safeguard our clients’ interests while offering a comprehensive range of dependable services. We encourage all clients to stay informed about specific service offerings and protective measures provided by our subsidiaries across various business segments.”
Translation by Giles Foster
