EU revises technical specifications for wired charging interface communication protocol
September 28, 2023
With continuous technological advancements, interoperability between radio equipment and charging devices has become an increasing focus for consumers. To ensure minimum common standards for this interoperability, the EU recently revised technical specifications for wired charging interface communication protocols, aiming to enhance consumer convenience, reduce environmental waste, and prevent market fragmentation.
Uruguay and China resume negotiations on beef and mutton export agreement
26 September 2023
Uruguay and China have resumed negotiations on an agreement on beef exports for the first time since 2018. According to the Uruguayan National Gazette website on September 22, this is the first time the two countries have renegotiated an agreement on beef exports since 2018. Uruguay’s Minister of Livestock, Agriculture and Fisheries, Fernando Matos, said the negotiating conditions were very mature, and Uruguay’s...
The EU electric vehicle market grew by 20% in August%
21 September 2023
The Manufacturers Association (ACEA) released striking data showing significant growth in EU electric vehicle sales reaching 21% market share in August. This milestone figure holds particular significance in the automotive industry, especially during typically slower sales months. This article explores the underlying factors and future implications...
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...
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