International transport: EU, Costa Rica and Vietnam implement changes
The European Union (EU), Costa Rica and Vietnam recently made notable changes to their international transport services, highlighted a report by the World Trade Organization (WTO).
In the European Union, as regards maritime transport, the European Commission extended the regulation establishing the conditions under which maritime consortia can provide joint services without violating EU antitrust rules that prohibit agreements between maritime transport for another four years. anti-competitive companies.
The Consortium Block Exemption Regulation allows, under certain circumstances, liner companies with a combined market share of less than 30% to establish cooperative agreements to provide joint liner shipping services.
The current Block Exemption Regulation for consortia expired on April 25, 2020.
International transport
In Costa Rica, a new measure eliminates the limits on the maximum foreign participation in companies that provide international passenger transport services by road.
Previously, at least 60% of the capital stock of the companies that provide these services had to be in the hands of natural investors from Central American countries.
Finally, on November 18, 2019, the Vietnamese government issued a decree increasing the maximum foreign participation in airlines from 30 to 34%.
