Argentina: U.S. dollar payment will be disabled and goods imported from China will be settled in renminbi
4 May 2023
Argentina announced it will stop using U.S. dollars to pay for imports from China and will instead use RMB for settlement. According to local media reports, Argentinas Economy Minister Massa stated at a press conference on April 26 that this move aims to improve import approval efficiency, shorten approval times, and strengthen economic cooperation with China. Massa said Argentina will use RMB to pay for...
The volume of maritime container shipments from Asia to the United States in March decreased by 31.5% year-on-year.%
28 April 2023
According to data released by the U.S. survey company Descartes Datamyne, the number of shipping containers shipped by sea to the U.S. in Asia in March decreased by 31.5% compared to April 17. The drop has expanded compared to February (29%). According to the company, the number of shipping products such as furniture, toys, sports equipment and shoes has decreased by half.
Xiamen Ports first cross-border e-commerce maritime express line officially opened
26 April 2023
Xiamen Port Logistics announced yesterday that the first cross-border e-commerce maritime express line has officially opened, which will provide faster and more efficient logistics services for trade and cross-border e-commerce between Xiamen and Taiwan. The maritime express line marks the establishment of the third cross-border e-commerce exit channel in Xiamen Port, as well as Xiamen Port Logistics after the opening of the Silk Road Maritime e-commerce express line in June 2022 and the opening in February 2023.
Bangladeshs man-made fiber clothing market will be larger than cotton in the next few years
26 April 2023
Bangladeshs garment industry is the countrys main export industry and one of the worlds largest garment producers, however, a recent Research and Policy Integration to Promote Development (RAPID) report pointed out that in the coming years, the growth of the artificial fiber garment market will continue to be larger than the cotton market, which means Bangladeshs garment industry must adapt to this market change in 2021.
CMA CGM to adjust surcharges on routes from Asia to Northern Europe
April 23, 2023
Daimler recently announced that it will adjust additional charges on its Asia-Northern European routes, including overweight charges and additional charges on dangerous goods. $150 will be charged for goods shipped to Northern Europe, Scandinavia, Poland and the Baltic Sea from Northeast Asia, Southeast Asia, China and Hong Kong and Macao, if the container’s total weight is equal to or greater than 20 tons of 20 foot dry containers.
A number of shipping companies have opened the Far East—St. Petersburg route to fill the market gap
21 April 2023
In the context of global political instability, U.S. sanctions on Russia have led to the shutdown of many shipping companies around the world, and China’s shipping routes to Russia have also been affected. Although several shipping companies such as Maersk have successively withdrawn from the Russian shipping market, some shipping companies are shifting their business focus to the China-Baltic route.
Revisions to international standards for phytosanitary measures adopted
19 April 2023
On March 28, 2023, the 17th session of the International Committee on Phytosanitary Measures (CPM) adopted an amendment to the existing international standards for phytosanitary measures. This amendment aims to strengthen the sanitary regulation of trade in plants and plant products in order to reduce the spread of pests and protect global plant health.
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