CNNews
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General Average! Ningbo Explosion Incident Expected to Result in Up to $9.5 Million in Losses
On August 20, Yang Ming Marine Transport Corporation issued a notice stating that on August 9, an explosion occurred in a container on the deck of the Yang Ming vessel “YM Mobility” at Phase III of Ningbo Port. The local port authorities conducted the necessary firefighting and rescue...Read more -
Attention! Recent Major Event in Foreign Trade – Peru
Peru Issues Final Anti-Dumping Ruling on Textile Material Footwear from China On July 14, 2024, the National Institute for the Defense of Competition and Protection of Intellectual Property of Peru (INDECOPI), through its Committee on Dumping, Subsidies, and Elimination of Non-Tariff Trade Barrie...Read more -
Recent Major Foreign Trade Event – Nigeria
Suspension of Import Tax on Some Grains to Regulate Grain Prices The Nigerian government is planning to suspend import taxes on grains such as wheat and corn for 150 days and set recommended retail prices to curb rising food prices in the country. This move is part of the government’s strategy to...Read more -
Attention! Recent Major Trade Update – Russia
Update on Mandatory Product Marking List On July 10, 2024, TASS reported that the Russian government has updated the list of products requiring mandatory marking. The relevant document has been published. The list categorizes products into food and non-food items and adds seven new product catego...Read more -
Attention! Recent Foreign Trade News—Sri Lanka
According to local media outlet Colombo Gazette, the International Monetary Fund (IMF) has reported that the Sri Lankan government has outlined a preliminary roadmap to fully lift its vehicle import ban by 2025. Under this plan, Sri Lanka will begin allowing the import of public transportation an...Read more -
Attention! Recent Foreign Trade Update – India
Postponement of the Implementation Date for Quality Control Orders on Four Types of Polymer Products Recently, the Ministry of Chemicals and Fertilizers of India, after consulting with the Bureau of Indian Standards (BIS), issued a notice deciding to postpone the implementation date of the qualit...Read more -
Attention! Recent Major Developments in Foreign Trade — The Philippines
The Era of E-commerce Taxation is Officially Beginning According to comprehensive reports from Philippine media on July 10, Philippine legislators have recently passed a bill to impose Value-Added Tax (VAT) on foreign digital service providers. This bill requires all non-resident digital service ...Read more -
Attention! Recent Major Foreign Trade Event – USA
Plan to Release Proposed Regulations for Chinese Connected Cars in August According to a Reuters report on the 16th, on Tuesday local time, Alan Estevez, the U.S. Under Secretary of Commerce for Industry and Security, mentioned at a forum in Colorado that the department plans to release proposed ...Read more -
Attention! Recent Major Events in China’s Foreign Trade
Many Provinces and Cities Achieve Record High Foreign Trade in the First Half of the Year Recently, customs authorities across the country have released regional foreign trade data. In the first half of this year, multiple regions and provinces in China have achieved historical highs for the same...Read more -
Chinese Electric Vehicles Face Adjustments in Overseas Expansion
The competition in China’s electric vehicle (EV) market is fierce, with many brands actively seeking to expand into overseas markets. According to Bloomberg, there are 129 EV brands in China, but only 20 of them hold a market share of 1% or more. However, Chinese EV brands are encountering ...Read more -
Big news! Cancel additional tariffs on China!
According to Bloomberg, citing senior Turkish officials, BYD will announce a $1 billion investment in Turkey at a ceremony on Monday. The official said that the (government) negotiations with BYD have been finalized and the company will build its second (European) factory in Turkey after announci...Read more -
The highest tariff is 100%! This popular export product is blocked in Türkiye
On June 8, Turkey announced the release of Presidential Decree No. 8639, stipulating that an additional 40% import tariff will be imposed on fuel and hybrid passenger cars originating from China and under the customs code 8703, and will be implemented 30 days after the release date. According to ...Read more