Month: March 2023

Mar 13

Russia, Uzbekistan Bilateral Trade To Reach US$10 Billion in 2023

Russia and Uzbekistan plan to increase bilateral trade to $10 billion this year against US$9.3 billion in 2022, Konstantin Zlygostev, Russia’s Trade Representative in Uzbekistan has stated at the opening of the Made in Russia exposition as part of the international construction exhibition UzBuild-2023 in Tashkent. “The task set by the leaders of the two countries to achieve a trade turnover level of $10 billion, I am sure, it will submit to us already this year.” Zlygostev said, recalling that Read Full Details…

Mar 13

MSC receives largest container ship in the World

GENEVA : Shanghai-based Hudong-Zhonghua Shipbuilding (Group) built and delivered the largest container vessel in the world ‘MSC TESSA’ to Mediterranean Shipping Company (MSC). MSC Tessa has a container capacity of 24,116 TEUs and is the first of four same-size container ships purchased by the largest container line in the world. According to Hudong-Zhonghua, a unit of China State Shipbuilding Corp (CSSC), the vessel is currently the world’s largest boxship in terms of TEU capacity. The mega container vessel measures 399.99 Read Full Details…

Mar 13

Furniture Association Aims Middle East Over EU Export Market

The Indonesian Furniture and Craft Association (HIMKI) chairman, Abdul Sobur, on Sunday revealed that exports to the European Union market had gone down by 0.1 percent in 2022. He said that this is the reason HIMKI members are now eyeing the Middle Eastern market to revive the Indonesian furniture industry. HIMKI estimates that countries in the Middle East will become the largest furniture market in the world, replacing the European Union, effectively deeming it the current emerging market. “The future Read Full Details…

Mar 13

Milestone in India and Australia reach Critical Minerals Investment Partnership

NEW DELHI : India and Australia have reached a major milestone in working towards investment in critical minerals projects to develop supply chains between the two countries. The Union Minister for Coal, Mines and Parliamentary Affairs, Shri Pralhad Joshi, and Minister for Resources and Northern Australia Madeleine King held bilateral talks on Friday and announced the Partnership has identified five target projects (two lithium and three cobalt) on which to undertake detailed due diligence. Ministers from the two countries have Read Full Details…

Mar 12

Global Plastic Waste Export Import Business Opportunities

The issue of plastic waste has become a global environmental problem that requires urgent attention. Millions of tons of plastic waste are generated every year, and a significant portion of this waste ends up in our oceans and landfills, polluting the environment and harming wildlife. In response, many countries are seeking solutions to manage and reduce plastic waste, creating new business opportunities in the process. One of the ways in which countries are tackling plastic waste is through export and Read Full Details…

Mar 12

India-born Rajesh Agrawal to lead London trade mission to India

New Delhi, March 12 (IANS) London Deputy Mayor for Business Rajesh Agrawal will lead a delegation to India starting March 13, in the first in-person trade mission run by the Mayor’s International Business Programme to the country since 2019, to promote stronger trade and investment links. On a four-day mission from March 13-16, India-born Agrawal will visit New Delhi and Bengaluru and will be joined by 10 London tech companies including Electric Miles, Guider, OneID, and Softools, according to a Read Full Details…

Mar 12

Costa Rica begins construction of border post in Peñas Blancas

The Ministry of Foreign Trade (COMEX) informed that the construction of the border post in Peñas Blancas, Guanacaste, has begun. This was possible thanks to a loan agreement with the Inter-American Development Bank. “The works will be located on the borderline, in the same place where the current buildings are located and will cover an area of approximately 20,000 m2. The new infrastructure comprises new buildings and the remodeling of existing works, including approximately 72,000 m2 of streets and 9,500 Read Full Details…

Mar 12

US’ cotton product imports in 2022 drop post last year’s high: USDA

US cotton product imports in the calendar year 2022 were down after reaching the highest level in a decade (measured in square meters equivalent). Cotton product imports in 2022 were a record $57.0 billion, nearly $8.0 billion higher than the previous year as per the International Trade Administration’s Office of Textile and Apparels (OTEXA). Despite lower import volumes, a higher value was attributed to greater unit values and US consumers’ sustained demand for goods.Robust levels of consumer discretionary income, low Read Full Details…

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…