Day: January 28, 2023

Jan 28

Japan Bets Big on Bringing Semiconductor Manufacturing Home

TOKYO—To get back some of the high-tech mojo that made it an economic powerhouse, Japan is launching an ambitious program to bring back cutting-edge semiconductor manufacturing, a field it ceded to Taiwan, South Korea, and China nearly 20 years ago. But will this new campaign at state-backed industrial policy succeed, and more importantly, is it even the right goal? The new initiatives are part of a broader strategy of greater “economic security” under Prime Minister Fumio Kishida’s administration, a need Read Full Details…

Jan 28

Demand for imported goods grows among cross-border shoppers

Chinese consumers have shown vibrant purchasing power for exquisite and premium consumer goods, with their spending on imported and foreign-branded products becoming a key driver for upgraded consumption, according to industry insiders. Li Yanchuan, head of Amazon China Global Store and Prime, said,”Young Chinese consumers, especially Generation Z, use independent thinking and judgment when choosing brands, and they prefer to pursue niche lifestyles and personalized products.” The “stay-at-home economy” has activated more consumption scenarios and needs, and shopping for healthy Read Full Details…

Jan 28

WCO Secretary General addresses EU Customs representatives

At the invitation of the Swedish Presidency of the Council of the European Union (EU), the Secretary General of the World Customs Organization (WCO), Dr. Kunio Mikuriya, spoke at the EU’s Working Party on Customs Union on 25 January 2023. He presented the WCO’s Strategic Outlook for 2023 and highlighted the focus areas for the current year as well as the Organization’s modernization initiatives and the new theme of the year “Nurturing the next generation: promoting a culture of knowledge-sharing Read Full Details…

Jan 28

Saudi EXIM signs deal with Italian Export Credit Agency to boost trade

The Saudi Export-Import Bank has signed a memorandum of understanding with the Italian Export Credit Agency, also known as SACE, to boost trade between the two countries. The agreement was inked by EXIM Bank CEO Saad bin Abdul Aziz Alkhalb and the head of the Italian agency Alessandra Ricci at SACE’s headquarters in Rome. The MoU aims at creating a framework for mutual reinsurance to enhance the presence of Saudi exports in Italian markets. The deal also opens up possibilities Read Full Details…