Day: February 27, 2023

Feb 27

Electronic invoicing could cut tax losses in international trade

The comprehensive study conducted by Perkumpulan Prakarsa research organization, as quoted on the opinion page of this newspaper on Feb. 20, is yet another illustration of the urgent need for the government to implement electronic invoicing in Indonesia’s international trade. By comparing United Nations Comtrade data on Indonesia’s imports and exports, as reported by Statistics Indonesia, with the same data reported by our trading partners, huge discrepancies have been revealed in just two commodities alone: fish and coal. By calculating Read Full Details…

Feb 27

Services exports to cross $300 bn this fiscal; $1 trillion achievable by 2030: SEPC

Services exports are recording a healthy growth rate and going by this trend, the outbound shipments will cross USD 300 billion in 2022-23, and tapping global opportunities would help achieve USD one trillion target by 2030, SEPC said on Sunday. Services Export Promotion Council (SEPC) Director General Abhay Sinha said support measures in the forthcoming foreign trade policy (FTP) would help further boost the exports. Performance of sectors including IT, ITeS, tourism and healthcare is helping the exports register significant Read Full Details…

Feb 27

60% of animal cafes in Japan harbor species restricted by international trade laws, study finds

Some 60% of animal cafes in Japan contain exotic species restricted by international trade laws, raising fears that their popularity may not just threaten their conservation, but may also heighten the risk of animal-borne diseases, a recent study found. There were 137 such cafes as of 2019, with the popularity of the businesses and demand for the animals potentially triggering overhunting in their native habitats, according to the study by institutions including France’s Sorbonne University and the non-governmental organization Traffic, Read Full Details…

Feb 27

Jamaican ganja farmers outraged after licence granted to import Canadian herb

KINGSTON, Jamaica – Some local ganja farmers are fuming over reports that a licence has been granted to a company to import Canadian cannabis into Jamaica. Speaking inside the ‘Jamaica Cannabis Industry Forum’ WhatsApp group, President of the Jamaica Cannabis Licensed Association, Rear Admiral Hardley Lewin, asked growers to figuratively “holster [their] weapons and keep [their] powder dry”, noting that the Cannabis Licensing Authority (CLA) was aware of the ire created within the local industry following the latest development. “I Read Full Details…

Feb 27

Kenya Ports Authority digitalises cargo processing services

KENYA : To meet the administration’s goal of turning paperless in its operations, the Kenya Ports Authority (KPA) has moved its cargo handling services to the government site e-Citizen. “The move will increase efficiency as we can track our transactions and identify whenever there’s a delay. We are asking the government to move to other state agencies to make our ports efficient to reduce the cost of handling cargo,” stated Shippers Council of Eastern Africa (SCEA) Chief Executive, Gilbert Lagat. Read Full Details…

Feb 27

Adani Ports cross 300 million tonnes Cargo volumes to beat its own milestone

AHMEDABAD : Adani Ports and Special Economic Zone, a part of the diversified Adani Group, crossed 300 million tonne of cargo handling, thereby beating its own milestone. It took 329 days to reach the milestone, as compared to last year’s 354 days. The ports business of Adani Goup has registered growth since it started operations over two decades ago and continues to outperform all India cargo volume growth, with its market share rising rapidly. “The improvement in cargo volumes is Read Full Details…

Feb 27

USD 523.8 million worth of onions exported from April to December 2022

NEW DELHI : USD 523.8 million worth of onions was exported from April to December 2022. Government has not restricted or prohibited the export of onion. The extant export policy of onions is ‘Free’. Only the export of onion seed is ‘Restricted’ and that too is permitted under Authorisation from DGFT. DGFT vide Notification No. 50 dt. 28.12.2020 amended export policy of Onion (of all varieties) in cut, sliced or broken in powder form and Bangalore Rose onions and Krishnapuram Read Full Details…