The negotiation on the upgrade of the China-Secret free trade agreement has been completed, and new opportunities for economic cooperation have ushered in!
July 2, 2024
On June 28, Chinas Commerce Ministry Minister Wang Ventao and Perus Foreign Trade and Tourism Ministry Minister Gardo jointly signed the Memorandum of Understanding between the Ministry of Commerce of the Peoples Republic of China and the Ministry of Foreign Trade and Tourism of the Republic of Peru on the substantial completion of the China- Peru Free Trade Agreement upgrading negotiations.
ExxonMobil and SK On sign a 100,000-ton lithium supply agreement!
27 June 2024
On June 25, 2024, U.S. energy giant ExxonMobil announced a non-binding agreement with Korean SK Group’s battery manufacturing subsidiary SK On. Under the agreement, ExxonMobil will supply SK On with lithium from its proposed Arkansas state project. This partnership marks the two companies’ important strategic layout in the electric vehicle battery supply chain and is expected to...
Shipping prices have tripled, so where will global trade go?
June 26, 2024
In the field of international trade, fluctuations in shipping prices often affect the nerve of the global economy. In June 2024, the flat shipping market saw a surge in shipping costs. According to Freightos’s main shipping platform, the container cash price index FBX shows that international shipping charges rose from about $1,200 per flight in 2023 to $4,500 today, compared to January by Red Bull.
14th round of EU sanctions on Russia: 19 Chinese companies seriously hurt!
June 25, 2024
On June 25, 2024, the Council of the European Union officially announced the 14th round of sanctions against Russia, putting 61 entities, including Russia, China, Kazakhstan, Kyrgyzstan, Turkey and the United Arab Emirates, on the blacklist of those directly supporting the Russian military and industrial complexes to launch war.
U.S. economic recovery signal: The rebound in cardboard box prices heralds growth!
24 June 2024
Many people may find it hard to imagine that the seemingly insignificant cardboard box is actually a crucial indicator reflecting the health of the U.S. macroeconomy. Cardboard boxes serve as a key component in the supply chain, widely used in e-commerce transactions and store shipments. As a result, the demand and price data for cardboard boxes have long been utilized by economists to gauge the overall health of the macroeconomy. Recently, the U.S...
Exports to Mexico need to be vigilant, low-cost customs declarations are identified as smuggling and fraud
June 21, 2024
Recently, the Mexican Tax Administration Service (SAT) issued an announcement stating that it will revise foreign trade regulations, defining the practice of underreporting the value of imported goods such as clothing, electronics, and toys by e-commerce platforms and courier companies to evade taxes as smuggling and tax fraud. This measure aims to address the exploitation of loopholes in tariff regulations by e-commerce platforms and cross-border logistics companies...
China has launched an anti-dumping investigation into EU pork, and a trade conflict is imminent!
20 June 2024
6月17日，中國商務(wù)部發(fā)布公告，宣布自2024年6月17日起對原產(chǎn)于歐盟的進口豬肉及豬副產(chǎn)品進行反傾銷立案調(diào)查。這一決定迅速引起了歐盟主要豬肉出口國的緊張反應(yīng)，這些國家包括西班牙、荷蘭、法國和丹麥。 西班牙：尋求避免貿(mào)易沖突 在中國宣布反傾...
The Panama Canal is facing a water shortage crisis, and the shipping industry has ushered in new challenges!
18 June 2024
The Panama Canal, known as the “Golden Water Route”, connects the Atlantic and Pacific oceans and covers an important hub of global maritime transportation, and 180 maritime routes have passed through it, connecting 2,000 ports around the world. However, this “human engineering miracle” has faced a severe water shortage crisis in recent years.
The global garment industry is in a cold state, and the decline in demand has caused the market to worry!
17 June 2024
2024年3月，全球服裝行業(yè)出現(xiàn)了顯著放緩，主要市場的進出口數(shù)據(jù)均呈現(xiàn)下降趨勢。據(jù)Wazir顧問公司2024年5月的報告，這一趨勢與零售商庫存水平下降和消費者信心減弱相一致，反映出近期令人擔(dān)憂的前景。 全球服裝市場的主要進口國，如美國、歐盟、英...
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