China becomes the main importer of Russian peas, and Russian agricultural product exports hit a new high
12 January 2024
Data recently released by the Russian Agricultural Products Export Center shows that China became the main importer of Russian peas in 2023, leading the growth of Russian pea exports in the global market. In the first 11 months of 2023, Russia exported 915,000 tons of peas to China, significantly higher than other countries. According to data from the Russian Agricultural Products Export Center, Spain and Turkey...
The global economy faces the worst growth in 30 years, the World Bank issued a warning
11 January 2024
According to the latest forecast by the World Bank, the global economy is facing its worst five-year growth period since the 1990s. In its report, the organization predicts that although economic conditions vary across different regions, overall, economic growth will slow down, especially in North America, Europe and Central Asia, and the Asia-Pacific region. The World Bank pointed out that while the economies of Latin America and the Caribbean...
Strikes in multiple ports in Australia caused serious logistics delays
10 January 2024
As the strike action by dockworkers at several major Australian ports escalates, Maersk has issued a notice warning that from January 4 to January 15, DP World Australia (a global port groups Australian company), the second-largest port operator in Australia, will be affected by the strike, involving the ports of Sydney, Melbourne, Brisbane, and Fremantle. ...
The crisis in the Red Sea has aggravated European business and shipping delays and rising costs.
5 January 2024
在英國(guó)家族企業(yè)Boxer Gifts的老板Thomas O'Brien眼前，250%的成本上漲是一個(gè)冰冷的現(xiàn)實(shí)。這家位于利茲的公司，主要從事設(shè)計(jì)游戲和季節(jié)性禮物，其產(chǎn)品在中國(guó)生產(chǎn)，因此嚴(yán)重依賴(lài)于全球航運(yùn)。然而，隨著最近一個(gè)多月來(lái)途徑紅海的商業(yè)船只頻繁遭到襲擊，導(dǎo)致...
Russia extends ban on exports of key goods and equipment until end of 2025
5 January 2024
Recently, the Russian government announced that it would extend the temporary export ban on a series of goods and equipment until the end of 2025. The extended ban covers a wide range of products and equipment in various key areas, demonstrating Russias determination to maintain its economic and technological security. The products and equipment included in the ban include technical and medical equipment, agricultural machinery, electrical...
Adjustment of international trade policy in regions such as Japan, India and the EU
2 January 2024
Recently, several countries and regions around the world have made important adjustments to their trade and export policies, including Japan easing its ban on arms exports, implementing carbon labels for fresh fruits and vegetables, India allowing the export of non-Basmati rice to specific countries, and the EU extending the import grace period for some Russian steel products. The Japanese government has decided to significantly ease its ban on arms exports...
Iraq implements a new tariff policy for imported goods: taxing gold and other commodities
29 December 2023
The Iraq Border Ports Authority recently announced, based on Cabinet Resolution No. 23672 of 2023, the implementation of tariffs on imported goods, including gold, starting December 1, 2023. This measure aims to support commercial development and standardize import procedures. This policy shift may significantly impact businesses involved in exporting to Iraq. According to the resolution, a fixed tariff for a 20-foot container...
Eurasian Economic Union strengthens regional economic cooperation: important free trade agreement signed
27 December 2023
At the Supreme Council of the Eurasian Economic Union (EEU) held in St. Petersburg, Russia, Belarus, Kazakhstan, Kyrgyzstan and Armenia, as well as Uzbekistan, Moldova and Cuba, which have been observers, have jointly witnessed a major development since the establishment of the organization.
South Korea's new energy vehicle exports hit a record
26 December 2023
The South Korean automotive industry has achieved remarkable success in the new energy vehicle sector. This years export volume is projected to surpass 700,000 units for the first time, setting a new historical record. This achievement is particularly noteworthy amidst a global slowdown in electric vehicle demand, demonstrating South Koreas competitiveness and market potential in the new energy vehicle domain. According to data from the Korea Automobile Manufacturers Association (KAMA)...
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