Chinese apparel defies trends with EU imports surging in Q1!
In Q1 2024, EU clothing imports decreased by 2.5% YoY, but imports from China grew against the trend by 14.8%, with market share rising and price drops driving import changes.
Turkey imposes 40% tariff on Chinese cars—how can Chinese companies break through?
Turkey announced a 40% additional tariff on Chinese vehicles to protect domestic industries. Chinese automakers face new challenges and need to adjust strategies to cope with changes in the Turkish market.
Chinas Foreign Trade Grows Strongly, with a Trade Surplus of 2.4 Trillion Yuan in the First Five Months!
In the first five months of 2024, Chinas total import and export value of goods trade increased by 6.3% year-on-year, with an expanding trade surplus, demonstrating foreign trade resilience and economic vitality. Exports of mechanical and electrical products and imports of bulk commodities both showed growth.
Shanghais exports to Russia plummeted by 20% in September, a year - on - year decrease of 4.3%, but the annual trade still maintained steady growth
Clothing and Luggage | Shanghai Import/Export Agent
Yangshan Port Ranks First in the Global Container Port Performance, and Asian Ports Perform Exceptionally Well!
The Global Container Port Performance Index report shows that Yangshan Port in China has topped the list globally for consecutive years. Ports in East Asia and Southeast Asia have an overall excellent performance, and technological innovation and infrastructure investment are the keys.
The Brazilian Trade Revolution: The Single Foreign Trade Portal Duimp Leads the Future!
The Brazilian government announced that it will migrate from the Siscomex LI/DI system to the single foreign trade portal Duimp, aiming to simplify import declarations, improve efficiency, reduce costs, and enhance transparency.
I. Regulatory and Compliance Risks
South Korea Breaks up a Semiconductor Chip Smuggling Case for the First Time, Arrests Executives Involved in Illegally Exporting US - made Chips to China, Involving Illegal Export of Strategic Goods and False Declaration.
The EU Imposes Prohibitive Tariffs on Russian and Belarusian Grain Products, Sanctions Escalate!
The Council of the European Union announced the imposition of prohibitive tariffs on imported grain products from Russia and Belarus, and the cancellation of tariff quotas, aiming to increase economic pressure and prevent illegal grain products from entering the market.
Major Changes in Methane Emission Standards for EU New Regulations on Imports!
EU legislation restricts methane emissions, requiring international suppliers to comply with strict monitoring standards, impacting the global oil and gas industry, including supplier countries like the U.S., Algeria, and Russia.
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