US plans to lift Chinas e-commerce goods tariff exemption, cross-border trade faces new challenges
16 June 2023
Adjustment of tax policies for returned goods: Declared exports under the cross - border e - commerce customs supervision codes (1210, 9610, 9710, 9810)...
Sri Lankas economic recovery shows signs: import restrictions on 286 items lifted
15 June 2023
Sri Lankas Ministry of Finance recently announced the removal of import restrictions on 286 items as the countrys economy gradually stabilizes. This marks a new sign that this South Asian nation is beginning to emerge from its worst economic crisis in decades. Since the economic crisis erupted in spring 2022, Sri Lanka has faced severe foreign exchange reserve depletion and shortages of essential goods, triggering...
The port of Djibouti has required all goods to hold an ECTN certificate since June 15.
14 June 2023
The Djibouti Ports and Free Zone Authority recently announced that starting from June 15, 2023, all goods unloaded at Djibouti ports, regardless of their final destination, must hold an Electronic Cargo Tracking Note (ECTN) certificate.
Labor disputes at US West Coast ports escalate, affecting trade with Asia
13 June 2023
The Electronic Cargo Tracking Note (ECTN) is an official loading document...
The widening of the US trade deficit may affect economic growth in the second quarter
9 June 2023
The U.S. transportation industry is facing severe challenges again. According to reports, due to labor disputes, the Port of Seattle on the U.S. West Coast has completely suspended port freight operations since June 10. This incident may have a significant impact on trade between Asia and the United States.
Deutsche Bank warns: A wave of corporate defaults is coming
8 June 2023
The Port of Seattle is one of the largest maritime ports in North America and is crucial to the U.S. supply chain, accounting for 12% of the countrys GDP...
Whirlwind of dollar appreciation: Major changes in the pattern of the global foreign exchange market
7 June 2023
In today’s globalized world, changes in the currency market have a profound impact on the operations of companies. Recently, the performance of the dollar in the global exchange market has attracted widespread attention. Here is a deep analysis of the dollar’s upward cycle: A, the dollar’s upward cycle Recently, the dollar has shown a strong upward momentum in the strong ranking of the world’s major currencies.
The growth of German exports is surprising, especially the demand in the Chinese market
7 June 2023
Although the global economic weakness, geopolitical tensions and high inflation have put pressure on Germanys overseas business, the latest data released by the Federal Statistical Office of Germany shows that in April, 2023, Germanys exports unexpectedly increased by 1.2%, especially the demand in the Chinese market increased significantly. These data show that although Germanys current economic situation is not ideal, its exports...
China will further open up its market and attract more high-quality foreign investment
6 June 2023
Zhou Jing, director of the Department of Market System Construction of the Ministry of Commerce, said recently that China will promote high-level opening up to the outside world in accordance with the requirements of the Central Economic Work Conference of the Communist Party of China, relying on Chinas super-large-scale market advantages, attract global resource elements with domestic cycle, both to leave high-quality foreign capital, but also to attract more high-quality foreign capital, improve the quality and water of trade and investment cooperation.
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