Far East-Middle East/India trade booms, as European exporters suffer
Other than elongated transit times, Asia-Europe container supply chains may be so far largely unscathed ...
There has been much discussion in India (and elsewhere) about how simple and effective it would be to end the individual state sales taxes that contribute to the very slow and expensive movement of cargo throughout India, and replace it with a federal tax. This colourful article demonstrates why it is so necessary – and, sadly, shows that despite all politicians essentially agreeing to the new tax, which could reap economic rewards amounting to $517 billion, it is unlikely to happen any time soon.
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Alex Lennane
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