“While it is likely that imports will be dampened as a result of the new regulations, at least part of the reason for that will be because of the sheer confusion as to exactly what is going on. As UBS explains, ‘The difficulty is that the new regime appears quite complex from implementation and logistical standpoints. How exactly are customs authorities going to track all this flow and ensure that all the required quotas are met? Where will the bonded warehouses be located? Will there be enough warehouse capacity in necessary locations? How does this new framework fit in with participants’ business models in terms of logistics and distribution?'”

http://www.mineweb.com/mineweb/content/en/mineweb-whats-new?oid=199387&sn=Detail

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