The European Commission has extended the validity of the existing legal framework exempting, if certain conditions are met, liner shipping consortia from EU antitrust rules. The extension applies for five years up to April 2020. After a public consultation, the Commission concluded that the exemption has worked well, providing legal certainty to agreements which bring benefits to customers and do not unduly distort competition, and that the current market circumstances warrant a prolongation.
Source: ITJ (International Transport Journal). Read news here
Picture: INCOTRANS ® – International Business Advisors ©