Day: March 11, 2023

Know about the challenges that new exporters are facing in the international market.
Mar 11

Know about the challenges that new exporters are facing in the international market.

Exporting goods and services can be an exciting prospect for any business looking to expand its reach and grow its customer base. However, new exporters face numerous challenges when entering the international market. Understanding these challenges is crucial to developing a successful exporting strategy. In this article, we will discuss some of the challenges that new exporters are facing in the international market. Finding the Right Market: The first challenge faced by new exporters is to identify the right market Read Full Details…

Mar 11

Chapter 5 Products of Animal Origin: Export-Import Laws, Customs Clearance, and Documentation

HS Code Chapter 5 covers products of animal origin that are not classified under other specific headings. These products are important commodities in global trade, and their import and export are regulated by various laws, licensing requirements, customs clearance procedures, and documentation. What are HS Code Chapter 5 Products of Animal Origin? HS Code Chapter 5 products of animal origin include a wide range of commodities such as: Live animals, including horses, cattle, sheep, pigs, and other mammals, birds, reptiles, Read Full Details…

Mar 11

Canada bans Russian steel, aluminum imports as part of sanctions regime

OTTAWA — Canada is banning the import of Russian steel and aluminum as part of its sanctions regime. Deputy Prime Minister Chrystia Freeland says this will help undermine Moscow’s ongoing invasion of Ukraine. The Department of Industry says Canada imported $208 million in steel products from Russia in 2021 and $79 million last year. Canada also imported $44 million in aluminum from Russia in 2021, followed by $16 million last year. Russia’s trade with Canada plummeted in the first 10 Read Full Details…

Mar 11

Western Canada is eyeing the new Indo-Pacific strategy for energy export hopes

As the Trudeau government fleshes out its Indo-Pacific strategy, Western Canada is seeking more certainty from the Liberals on expanding energy exports to Asia. “There are people in Ottawa who understand what our energy mix is, and what it has to be in the future,” Alberta Trade Minister Rajan Sawhney in an interview this week. “And there are others who are pushing back.” Last November, Foreign Minister Melanie Joly unveiled the government’s approach to the Indo-Pacific, which calls for deeper Read Full Details…

Mar 11

Record soybean harvest predicted despite Brazilian export decline of 31%

Brazil’s soybean harvest is behind schedule due to heavy rain with exports down 31% y/y in the first two months of 2023. But despite the slow start, Brazil has headed for a record harvest and a sharp increase in exports during the coming months,” says Filipe Gouveia, Shipping Analyst at BIMCO.This year’s soybean harvest is expected to reach 152.9 million tonnes, 21.8% higher than in 2022, according to the National Supply Company (CONAB). As of 6 March, 44% of the Read Full Details…

Mar 11

Rail site expansion opens local import-export access

A Kansas-based company plans to pick up where Union Pacific Railroad left off and complete an intermodal ramp in Wallula, bringing increased transportation capacity via rail. The project will open up routes to Northwest docks and as far east as Chicago through a lease and purchase agreement for the former Railex site. Future plans by purchaser Tiger Cool Express could include an expansion into additional markets, such as the Interstate 5 corridor and Mexico. “In 10 years, or maybe sooner, Read Full Details…

Mar 11

China-Russia Trade Breakdown and Future Development Trends

The increase in China – Russia trade is well acknowledged; however, details remain scarce as to the exact details. We provide a detailed breakdown and identify the coming trends – a US$400 billion bilateral trade potential and Russia’s developing use of China as a transit nation to markets in ASEAN. China-Russia 2022 Bilateral TradeThe Main Customs Administration of China has summed up the results of 2022: For the first time in its history, Russia became one of China’s top ten Read Full Details…

Mar 11

Russian wheat and fertilizer exports rise despite restrictions

Russia has repeatedly claimed that western sanctions are negatively affecting its agricultural exports in an effort to possibly block the renewal of a crucial grain deal next week, but data provided to The National suggest an overall increase in Russian fertilizer and wheat exports in 2022. This does not mean that the sanctions, which have not been imposed on agricultural products or fertilizers, have not affected Russian exports, said Joseph Glauber, a senior research fellow at the food security think Read Full Details…