China extends the policy of not imposing additional tariffs on 95 US goods until July 2024
As Christmas approaches, various Christmas products have become popular in the market. However,
The Red Sea Crisis Seriously Affects International Trade: Freight Rates Double, Detour Costs Increase
The Red Sea Crisis has a profound impact on international trade. The freight rate has doubled directly, the voyage cost around the Cape of Good Hope has increased by about 30%, the spot freight rate of the Asia - Europe route has increased significantly in the short term, and it may damage international trade in the long term.
Bulgaria decides to ban the export of Russian oil - processed fuels in response to the EU embargo policy.
The Bulgarian Parliament voted to ban the export of fuels made from Russian oil and the processing of Russian oil starting from 2024, in response to the EUs embargo on Russian oil.
Global Shipping Giant MSC Suspends Navigation in the Suez Canal | Shanghai Import/Export Agent
The investment of six major Japanese semiconductor manufacturing equipment companies is expected to reach 547 billion yen in the 2023 fiscal year, 1.7 times higher than five years ago, demonstrating Japans competitiveness in the global semiconductor equipment manufacturing field and the growth of market demand.
Global shipping giant MSC suspends voyages through the Suez Canal
MSC Suspends the Use of the Suez Canal in Response to Houthi Attacks on Red Sea Shipping. Global Shipping Faces New Geopolitical Challenges.
Investment in Japans Semiconductor Manufacturing Equipment Industry Increases Significantly. It is Expected to Reach 547 billion yen in the Fiscal Year 2023.
Recently, Germany and the European Public Prosecutors Office (EPPO) jointly uncovered a criminal organization involved in customs duty and import VAT fraud worth up to €200 million, highlighting the importance of international law enforcement cooperation.
Vietnams Garment Industry Faces Challenges: Dependence on Chinese Raw Materials Leads to Stagnant Growth
Due to stagnation caused by reliance on specified raw materials, Vietnams garment and textile industry is experiencing unprecedented difficulties. In 2023, the industrys export volume and revenue significantly declined, affected by the global economic downturn and shrinking market demand. This report provides an in-depth analysis of the main patterns of Vietnams garment exports, changes in the international market environment, and the future outlook of Vietnams textile industry, offering a comprehensive analysis of the industrys current situation.
South Korea Plans to Reduce Tariffs on 76 Goods in 2024
South Korea Announces Plan to Reduce Tariffs on 76 Commodities in 2024 to Enhance Industrial Competitiveness and Lower Price Burdens, Including Flexible Tariffs and Adjustments to Tariff Systems for Key Industrial Raw Materials and Food Products.
Economic Changes in 2023: Mexico Surpasses China as the Largest Source of US Imports
Amid the economic changes in 2023, Mexicos rise has significantly impacted global trade dynamics, particularly in the trade relationships among China, the U.S., and Mexico. This article delves into the reasons behind Mexico surpassing China as the U.S.s largest import source and the underlying economic trends.
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