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Australias major port strikes escalated to January 15, affecting ports such as Sydney and Melbourne, leading to massive cargo congestion and severe transport delays.

The Russian government recently announced the extension of the temporary export ban on a range of goods and equipment until the end of 2025 to maintain its economic and technological security. The ban covers a wide range of products and equipment in key areas, including technical and medical equipment, agricultural machinery, etc. This move aims to strengthen economic ties with member states of the Eurasian Economic Union and address international sanctions and market uncertainty.

Recently, regions such as Japan, India and the EU have made significant adjustments to their trade and export policies, including the easing of Japans arms export ban, the partial easing of Indias non-Basmati rice export ban, and the extension of the EUs allowance period for imports of some Russian steel products.

Iraq’s tariff policy on new imports, tariffs on goods such as gold to support business development and regulate import processes could affect China’s exports to Iraq.

The Eurasian Economic Union signed key free trade agreements at the St. Petersburg summit to deepen regional economic cooperation.

South Koreas new energy vehicle exports are expected to hit 700,000 for the first time, a record high, but face challenges in the international market.