The U.S. retail industry faces challenges: declining sales and increased risk of bankruptcy
25 December 2023
The recent performance of the US retail industry is worrying, with businesses ranging from those selling luxury goods to those selling affordable goods being hit by declining performance. According to data from S&P Global, as of November 2023, consumer retail companies topped the bankruptcy list in the United States, with a total of 76 bankruptcy filings, including retail giants such as Bed Bath & Beyond. ...
EU deforestation laws affect trade in developing countries, and importers face compliance challenges
22 December 2023
The European Union’s recently adopted environmental protection legislation, the EU Deforestation Act (EUDR), has sparked widespread concern in global trade. Under the law, the EU will no longer import any goods related to deforestation. The impact of the regulation is evident on developing countries such as Africa, where Ethiopia’s coffee industry has been severely damaged. It is that the EU orders coffee purchased from Ethiopia to be consumed.
US intervenes in Portugal's decision to purchase Chinese scanning equipment, raising concerns about sovereignty and economic interests
21 December 2023
The recent U.S. influence on Portugal’s internal decision-making, especially in terms of the Portuguese government’s consideration of purchasing scanning equipment from Chinese companies for the port of Lisbon, has caused widespread concern in Portugal. According to the report of Portugal’s largest portal SAPO, this intervention has aroused questions among the Portuguese people, whose sovereignty over their country has been pushed by external forces.
India's GDP growth has exceeded expectations, and economic challenges remain severe
18 December 2023
India’s GDP growth rate for the third quarter of 2023, which was recently released, was 7.6 percent higher than expected, making India one of the fastest-growing countries among the world’s major economies. The Bank of India has further raised its GDP growth forecast for the fiscal year 2023/2024 from 6.5 percent to 7 percent whileining an unchanged interest rate of 6.5 percent.
The Christmas shipping season is expected to cause freight rates in Asia and Europe to continue to rise in December
15 December 2023
According to the latest report released by Linerlytica, Asia-Europe freight rates are expected to continue to rise throughout December as shippers rush to get goods out before Christmas. This trend reflects the impact of the holiday season on the international logistics and transportation market. Asia-North Europe and Mediterranean Freight Rates Rise The latest Shanghai Containerized Freight Index shows that freight rates from Asia to Northern Europe have already...
The General Administration of Customs issued new measures to optimize railway rapid customs clearance to support the "Belt and Road" initiative
14 December 2023
In order to further support the high-quality joint construction of the Belt and Road initiative, the General Administration of Customs officially released relevant measures to optimize railway rapid customs clearance, which will be implemented from December 15, 2023. These new measures aim to promote the development of international railway intermodal trains and improve the efficiency and convenience of rapid customs clearance and transportation of import and export goods on domestic railway sections. I. Application Channels for Fast Customs Clearance...
Turkey strengthens regulations on the import of electric vehicles: requires 140 service stations and call centers
12 December 2023
The Turkish Ministry of Commerce recently issued a new decree aimed at strengthening service support requirements for imported electric vehicles. Under this regulation, all car companies exporting electric vehicles to Turkey must establish at least 140 authorized service stations in the country and ensure that these services are evenly distributed throughout Turkey.
South Korea's response to urea supply challenges: signing a contract with a third country to ensure 4.3 months of inventory
11 December 2023
Amidst the backdrop of the Chinese governments suspension of urea exports, South Korea has secured an adequate supply of automotive urea through collaborations with third countries and existing stockpiles. This supply is sufficient to meet national demand for 4.3 months. This initiative showcases South Koreas strategic flexibility and efficiency in addressing global supply chain disruptions. According to a statement released on the 10th by South Koreas Ministry of Trade, Industry and Energy, the Vice Minister...
中國(guó)與拉美和加勒比地區(qū)貿(mào)易顯著增長(zhǎng)
8 December 2023
According to a report on the website of Panamas La Estrella, since 2000, bilateral trade between China and the region has soared from just over $14 billion to nearly $500 billion in 2022, a staggering 35-fold increase. This growth has made China the regions second-largest trading partner for many years. The United Nations Economic Commission for Latin America and the Caribbean (ECLAC) recently...
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