Luxembourg Cargo Airlines strike: impact on foreign trade
20 September 2023
Cargolux, Europe’s largest freight carrier, has recently become the headline news for staff strikes. The backdrop of the strike is the failure of trade unions and management to reach a consensus on raising wages. This event is undoubtedly a huge blow to foreign trade companies that rely on the company to carry international freight, as the entire fleet has stopped flying and international freight has also...
The United States and India resolve long-term WTO trade disputes
18 September 2023
Recently, according to AFP reports, the US and India reached a poultry dispute settlement. The dispute originated from Indias restrictions on certain US agricultural imports to prevent avian influenza. Agreement details and background of long-standing dispute. The US Trade Representative stated this agreement successfully resolves the longstanding dispute, paving the way for future US-India trade...
The tax policy for cross-border e-commerce export returns will be extended to 2025
15 September 2023
In order to further support the rapid development of the emerging cross - border e - commerce business, the Ministry of Finance, the General Administration of Customs and the State Taxation Administration recently issued a new announcement to continue implementing the tax preferential policies for returned goods in cross - border e - commerce exports.
Affected by the economic recession in Germany, the European Commission has lowered its economic growth forecast.
14 September 2023
The European Commission recently downgraded EU economic growth forecasts for 2023 from 1% to 0.8%, primarily due to expected recession in Germany, Europes largest economy. Next years growth projection was also adjusted down from 1.7% to 1.4%. Since the Russia-Ukraine conflict in February last year, Germanys need to rapidly end dependence on Russian...
India revised import regulations: Customs code 8471 electronic products require an import license
13 September 2023
Indias Directorate General of Foreign Trade (DGFT) recently issued new regulations on imports of HSN 8471 category products, namely laptops, tablets, computers, and servers. According to these new regulations: 1. Starting from November 1, 2023, imports of the above products require application and approval of an import license. 2. However, the following specific cases are exempt from this requirement: (a) Through e-commerce...
Shipping companies “press the suspension key” gold week before: global supply chain challenged
8 September 2023
I. Background of Flight Reductions As Chinas Golden Week approaches, shipping companies have opted for blank sailings and port omissions. The reduced voyages have impacted container terminals in China, Europe, and the United States, with feeder and barge operators in Northern Europe also affected. From Week 36 to Week 40, 45 out of 665 scheduled sailings have been canceled. II. Impact on Specific Routes II. 1 Asia-Europe...
Chinese companies are growing their market share in cutting-edge global products and services
September 6, 2023
Despite the rise of protectionism, global reliance on Chinas electric vehicles and other high-tech products has become increasingly difficult to sever. The latest survey by Nikkei shows that Chinese companies have increased their market share in 18 key global product and service categories. I. Background of Global Market Share Growth Nikkeis analysis of global economic activity in 2022...
The United States launches a double anti-dumping investigation on Chinese pea protein
5 September 2023
"豌豆蛋白遭遇‘貿(mào)易戰(zhàn)’：不只是素食者的關(guān)心" — 美國國際貿(mào)易委員會近期就進口自中國的豌豆蛋白發(fā)起了反傾銷和反補貼的初步調(diào)查。初步裁定顯示，這些產(chǎn)品對美國國內(nèi)產(chǎn)業(yè)造成了實質(zhì)性損害。接下來的決策可能將重新定義兩國間的豌豆蛋白貿(mào)易關(guān)系。 ...
Registration requirements and importance for U.S. dairy exporters exporting to China
1 September 2023
USDA Notification and Its Significance Recently, the U.S. Department of Agriculture (USDA) issued an important notice specifically targeting American dairy exporters to China. According to the notice, most U.S. dairy companies registrations in China will expire on August 31, 2023. Therefore, USDA strongly advises these companies to confirm their import eligibility in China before shipping products...
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