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 a report by Agence France-Presse, the United States and India reached an agreement on a dispute regarding poultry. This dispute began when India imposed restrictions on certain agricultural products imported from the United States to prevent avian influenza. Details of the Agreement and the Long-Standing Dispute Behind It The Office of the United States Trade Representative publicly stated that this agreement successfully resolved the long-standing dispute between the two sides, paving the way for future U.S.-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 industry, the Ministry of Finance, the General Administration of Customs, and the State Administration of Taxation recently issued a new announcement to continue the implementation of tax incentives for the return of cross-border e-commerce export goods. 1. Adjustment of tax policies for returned goods: Cross-border e-commerce customs supervision codes (1210, 9610, 9710, 9810) are used to declare exported...
受德國(guó)經(jīng)濟(jì)衰退影響，歐盟委員會(huì)下調(diào)經(jīng)濟(jì)增長(zhǎng)預(yù)期
14 September 2023
The European Commission recently lowered its economic growth forecast for the EU in 2023, with expected growth falling from 1% to 0.8% compared to previous forecasts. The main reason is that Germany, the largest economy in Europe, will face an economic recession this year. In addition, the EUs growth forecast for next year has also been adjusted from 1.7% to 1.4%. Since the Russia-Ukraine conflict in February last year, Germany has needed to quickly end its reliance on Russian...
India revised import regulations: Customs code 8471 electronic products require an import license
13 September 2023
The Directorate General of Foreign Trade (DGFT) of India recently issued new regulations regarding the import of products under HSN code 8471, namely, laptops, tablets, computers, and servers. According to these new regulations: 1. From November 1, 2023, the import of the aforementioned products requires applying for and obtaining an import license. 2. However, the following specific situations are exempt from this requirement: (a) Imports 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 the Chinese Golden Week approaches, shipping companies have chosen to skip ports. The reduced voyages have affected container terminals in China, Europe, and the United States, and feeder and barge operators in Northern Europe have also been impacted. From week 36 to week 40, 45 of the 665 scheduled voyages have been canceled. II. Specific Route Impacts II. 1 Asia-Europe...
Chinese companies are growing their market share in cutting-edge global products and services
September 6, 2023
Despite the rising tide of protectionism, the worlds dependence on Chinas electric vehicles and other high-tech products is becoming increasingly difficult to break. A recent survey by the Nikkei Shimbun shows that Chinese companies have increased their market share in 18 important product and service sectors worldwide. I. Background of Global Share Growth The Nikkei Shimbuns analysis of global economic activity in 2022...
The United States launches a "double anti-dumping" investigation on Chinese pea protein
5 September 2023
"豌豆蛋白遭遇‘貿(mào)易戰(zhàn)’：不只是素食者的關(guān)心" — 美國(guó)國(guó)際貿(mào)易委員會(huì)近期就進(jìn)口自中國(guó)的豌豆蛋白發(fā)起了反傾銷和反補(bǔ)貼的初步調(diào)查。初步裁定顯示，這些產(chǎn)品對(duì)美國(guó)國(guó)內(nèi)產(chǎn)業(yè)造成了實(shí)質(zhì)性損害。接下來(lái)的決策可能將重新定義兩國(guó)間的豌豆蛋白貿(mào)易關(guān)系。 ...
Registration requirements and importance for U.S. dairy exporters exporting to China
1 September 2023
1. USDA Notification and Its Importance Recently, the United States Department of Agriculture (USDA) issued an important notification specifically targeting U.S. companies exporting dairy products to China. According to this notification, the registration of most U.S. dairy companies in China will expire on August 31, 2023. Therefore, the USDA strongly advises these companies to confirm their registration in China before shipping products...
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