Day: January 14, 2023

Jan 14

Global Formaldehyde Market Size To Grow $15.51 Billion By 2030 | CAGR 5%

The Global Formaldehyde Market Size was valued at USD 10.00 Billion in 2021 and the worldwide formaldehyde market statistics is expected to reach USD 15.51 Billion by 2030, According to a research report published by Spherical Insights & Consulting. Companies Covered: Alder S.p.A, BASF SE, Bayer Crop Science, Celanese AG, Dynea AS, Foremark Performance Chemicals, Georgia-Pacific Chemicals LLC, Huntsman International LLC, Johnson Matthey Process Technologies, Momentive Specialty Chemical Inc., PerstorpOrgnr and others 20+ prominent key players we have added in Read Full Details…

Jan 14

Foreign tourists may get tax refunds on goods bought in India

New Delhi: The tourism and exports industries are pushing for tax refunds to overseas tourists on goods being taken outside India, on the lines of the provisions in popular destinations such as the UK, UAE and Singapore, to attract international travellers and encourage them to shop more in the country. Industry executives and experts said section 15 of the IGST Act, 2017 provides for the Tax Refund for Tourists scheme but it has yet to be implemented. economictimes.indiatimes.com/ For more Read Full Details…

Jan 14

China’s foreign trade in 2022 surpasses 40 trillion yuan for the first time

A spokesperson from China Customs said on Friday, “foreign trade still faces many challenges and difficulties this year.” “Fundamentals of long-term improvement remain unchanged, and the economy is expected to rebound as a whole this year,” the spokesperson added. China Customs’ spokesperson noted: “In 2022, China’s trade with Russia hit 1.28 trillion yuan, a new high.” The comments come after China Customs reported the 2022 trade balance data, showing that the country’s exports rose 10.5% in Yuan terms in 2022 Read Full Details…

Jan 14

Washington lawmakers seek removal of tariffs on American apples imported to India

The lawmakers from the US State of Washington have urged the Biden administration to help remove or reduce the tariffs on American apples imported to India as the country’s fruit industry has incurred significant losses due to New Delhi’s retaliatory measures. In a letter to US Trade Representative Katherine Tai and Commerce Secretary Gina Raimondo, all members of the House of Representatives from Washington State and other two senators said the tree fruit industry suffered losses due to India’s retaliation Read Full Details…

Jan 14

U.S. import prices rebound; export prices fall

U.S. import prices unexpectedly increased in December after five straight monthly decreases, boosted by higher costs for natural gas and food, suggesting that the fight against inflation would be protracted even as consumer prices are trending lower. Import prices rebounded 0.4% last month after declining 0.7% in November, the Labor Department said on Friday. Economists polled by Reuters had forecast import prices, which exclude tariffs, falling 0.9%. In the 12 months through December, import prices increased 3.5% after rising 2.7% Read Full Details…

Jan 14

Revision of Import / Export Demurrage and detention tariffs in Kenya and Transit

We have seen an increase in delay related costs for containers into Kenya and for containers that are in transit via Kenyan ports. To encourage all customers to return import containers as quickly as possible and to enable us to use these containers to support Kenya’s export needs, please note that from Wednesday, 15th February 2023 the below Import / Export Demurrage and Detention Tariffs will be applicable to all containers into Kenya and for containers in transit via Kenyan Read Full Details…