{"id":72548,"date":"2023-08-03T00:00:00","date_gmt":"2023-08-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/08\/03\/turkey-eu-eye-upgrading-trade-ties-ford-doubles-down-on-electric-truck-production-plus-more-on-lng-imports-bunkering-and-hapag-lloyd\/"},"modified":"2023-08-03T00:00:00","modified_gmt":"2023-08-03T00:00:00","slug":"turkey-eu-eye-upgrading-trade-ties-ford-doubles-down-on-electric-truck-production-plus-more-on-lng-imports-bunkering-and-hapag-lloyd","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/08\/03\/turkey-eu-eye-upgrading-trade-ties-ford-doubles-down-on-electric-truck-production-plus-more-on-lng-imports-bunkering-and-hapag-lloyd\/","title":{"rendered":"Turkey + EU eye upgrading trade ties + Ford doubles down on electric truck production. PLUS: More on LNG imports, bunkering, and Hapag-Lloyd"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Turkey + EU considering easing trade ties:<\/span><span>Turkey is discussing updating its customs union with the EU in a bid to re-engage with EU countries\u2019 and investors and boost trade, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-08-02\/eu-and-turkey-discuss-easing-trade-relations-amid-warmer-ties\" style=\"\">Bloomberg<\/a><\/span><span style=\"font-weight:400;\"> reports. Although the European Commission has long pushed to update the trade agreement, which has been in place since 1995, no progress has been made due to political tensions with Turkey. While the union provides for a common external tariff for all industrial goods, it does not apply to services, public procurement, or agricultural goods.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">What\u2019s the delay?<\/span><span> \u201cThere are difficult issues to be addressed in this regard,\u201d <\/span><span>EU customs commissioner Paolo Gentiloni told Bloomberg after meeting with Turkish Finance Minister Mehmet Simsek. Turkey must first resolve tensions with Cyprus as a stepping stone for re-engagement with the EU, EU foreign affairs chief Josep Borrell is quoted as saying. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">ALSO WORTH KNOWING-<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:700\">Ford is ramping up production of its F-150 Lightning electric truck<\/span><span style=\"\">, aiming to <\/span><span>triple production to 150k vehicles a year by October. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/ford-revs-up-electric-truck-output-testing-mainstream-ev-demand-2023-08-01\/\" style=\"\">Reuters<\/a><\/span><span style=\"font-weight:400;\">)<\/span><\/li>\n<li><span style=\"font-weight:700\">Europe\u2019s LNG imports fell 7% in July to 8.6 mn tons<\/span><span style=\"\">, their lowest level since <\/span><span>November 2021, as a drop in prices pushes traders to divert their deliveries elsewhere. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-08-02\/weaker-european-gas-prices-push-lng-imports-to-lowest-since-2021?srnd=economics-trade\" style=\"\">Bloomberg<\/a><\/span><span style=\"font-weight:400;\">)<\/span><\/li>\n<li><span style=\"font-weight:700\">Bio-LNG bunkering has become available in around 70 ports worldwide<\/span><span style=\"\">, <\/span><span>including<\/span><span> in Singapore, Rotterdam, and the US east coast. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.seatrade-maritime.com\/bunkering\/bio-lng-bunkering-available-almost-70-ports\" style=\"\">Seatrade Maritime<\/a><\/span><span style=\"font-weight:400;\">) <\/span><\/li>\n<li><span style=\"font-weight:700\">Hapag-Lloyd has successfully completed the 100% acquisition of <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.saam.com\/en\/\" style=\"\">SM SAAM\u2019s<\/a><\/span><span style=\"font-weight:700\">terminal business<\/span><span> and associated logistical services after receiving the greenlight from regulatory authorities. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.hapag-lloyd.com\/en\/company\/press\/releases\/2023\/08\/sm-saam-acquisition-successfully-completed.html\" style=\"\">Statement<\/a><\/span><span style=\"font-weight:400;\">)<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Turkey + EU considering easing trade ties:Turkey is discussing updating its customs union with the EU in a bid to re-engage with EU countries\u2019 and investors and boost trade, Bloomberg reports. Although the European Commission has long pushed to update the trade agreement, which has been in place since 1995, no progress has been made [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":72549,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[149],"tags":[148,17,98,40,32,231],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-72548","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-around-the-world","tag-around-the-world","tag-enterprise-logistics","tag-eu","tag-exports","tag-trade","tag-turkey","wpautop","entry"],"acf":{"mongo_id":"c7a5eaa3-f08f-4e8a-badd-b86541836a5d","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/8\/135.jpeg","photo_position":"above","homepage_title":"","full_issue_title":"Turkey + EU considering upgrading trade ties + Ford doubles down on electric truck production. PLUS: More on LNG imports, bunkering, and Hapag-Lloyd","related_issue":[72526],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/8\/.dfc2e2b9-cf97-4e57-9cdd-4cdadb7b9404.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Turkey + EU eye upgrading trade ties + Ford doubles down on electric truck production. 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