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.
resulting in non - compliant export of this batch of goods.
In April 2024, Russias wine imports surged to 62 million liters, with Italy, Georgia, and Spain as the top three suppliers. The market demand for high-quality wines is growing, and domestic wine production is increasing.
Regarding violations in military product exports, the customs has decided not to impose administrative penalties.
Ningbo Xingyue Trading Co., Ltd. misdeclared safety helmets as ordinary goods and failed to provide a military export license, violating the Regulations on the Administration of Military Exports. The customs decided not to impose administrative penalties in accordance with the law.
the company failed to submit the military product export license during the declaration
The EU achieved a trade surplus of 51.2 billion euros in the first quarter of 2024, marking the third consecutive quarter of surplus. Export growth and import decline were the main reasons, though challenges remain in the energy and raw materials sectors.
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