SPECIAL! Global Advocacy Chat: ESCALATING TENSIONS: The Future of Shipping and Trade with Hong Kong

The State Department notified the Hong Kong authorities of the suspension or termination of three bilateral agreements. These agreements covered the surrender of fugitive offenders, the transfer of sentenced persons, and reciprocal tax exemptions on income derived from the international operation of ships.  The latter action could have a tremendous financial impact on owners of Hong Kong Flagged Vessels. With the termination, owners will now owe taxes on earnings from the operation of these ships that trade in and with the United States.  
 
For our Advocacy Chat, the World Trade Center teamed up with it partners at the New Orleans Board of Trade to host a special presentation. This program is being held via Zoom and will cover the ramifications this action will have on future trade and in particular international business on the Mississippi River. Please join us on Wednesday 8/24 with Mr. Eddy Hayes, Partner with Leake and Andersson. Mr. Hayes leads the firm’s international trade and business practice, where he advises businesses and local governments on international trade policy and economic development issues, including the business implications of free trade agreements.