Month: March 2023

Mar 10

Hunan city gives greater attention to non-lighter product exports

Shaoyang in Hunan province, China’s largest cigarette lighter manufacturing export base, will further diversify its export offerings and build several related industrial clusters for other key sectors such as wigs, suitcases, and construction machinery, said a government official on Wednesday. These moves are aimed at quickly meeting the soaring demand for such goods and boosting Shaoyang’s export volume, said Hua Xuejian, a deputy to the 14th National People’s Congress and the city’s mayor. “We hope to expand the presence of Read Full Details…

Mar 10

Turkish rebar import rumours abound, exports practically zero

Turkish rebar exports remain weak as prices are found high by buyers in the global arena, despite a slight decrease in values this week. On the other hand, rumours are circulating of rebar imports into Turkey from Malaysia and Egypt. However, these are not yet confirmed. The Malaysia-origin rebar deal was heard at around $710-720/tonne cfr Turkey for 40,000 tonnes. On Thursday, export offers for rebar stood mostly at $750-755/t fob Turkey actual weight, down from $760/t a week earlier. Read Full Details…

Mar 10

Singapore should export as much top talent as it imports

SINGAPORE: As the global race for talent heats up, much has been said about the need to attract the best and the brightest to Singapore. Singapore must expect to see greater contestation and fragmentation in the global economy, said Deputy Prime Minister and Finance Minister Lawrence Wong in his Budget 2023 speech on Feb 14. Observers speaking to CNA also said Singaporeans must be ready to seize new growth opportunities overseas. Former actor James Lye’s appointment as global head of Read Full Details…

Mar 10

State revenue from exports-imports down 19% in first two months

VIETNAM, March 9 – HCM CITY — State budget collection from export-import activities reached VNĐ56.3 trillion (US$2.37 billion) in the first two months of 2023, or 13.3 percent of the year’s plan, down 19.4 percent year-on-year, according to data from the General Department of Customs. The country’s total export-import value was worth more than $96 billion in the first two months, down 13 percent year-on-year. Of the figure, exports were worth $49.44 billion, down 10 percent, and imports $46.62 billion, Read Full Details…

Bilateral and preferential trade agreements
Mar 09

How do Bilateral and Preferential Trade Agreements benefit a nation’s international Import and Export trade?

Bilateral and Preferential Trade Agreements have become increasingly popular in recent years as nations look for ways to strengthen their international trade relationships. These agreements, which involve two or more countries reducing trade barriers and establishing more favorable terms for certain products or industries, can have a significant impact on a nation’s international import and export trade. In this article, we will explore how bilateral and preferential trade agreements benefit a nation’s international trade. First and foremost, bilateral and preferential Read Full Details…

Mar 09

Women rise to move Global Trade

“Feminism isn’t about making women strong. Women are already strong. It’s about changing the way the world perceives that strength,” writes Geena Dunne, who writes under the pseudonym G D Anderson. She is an Australian feminist writer and founder of the Australian charity, The Cova Project. With this changed perspective, despite the fact that the air cargo business has historically been dominated by men, women have progressively gained ground in recent years, holding senior roles in fields such as cargo Read Full Details…

Mar 09

Doing Business in Mexico 2023

It’s now 2023, and the global economy begins the year with seemingly immense challenges in the horizon. Mexico’s forecast, inescapably tied to the fates of both the US and global market, remains cautious but optimistic. Challenges still remain around unpopular policy decisions by the current administration (on its way out, worth noting), but that does not seem to deter large investors from looking at the country as a profitable destination for FDI. Labor and tax, alongside trade and customs, will Read Full Details…

Worldwide Export-Import Customs Clearance Procedures and Documentation Requirements.
Mar 09

Worldwide Export-Import Customs Clearance Procedures and Documentation Requirements.

Exporting and importing goods across borders involves a lot of paperwork and compliance with various rules and regulations. The customs clearance procedures and documentation requirements for exporting and importing goods vary from country to country. Customs Clearance Procedures for Exporting and Importing Goods Customs clearance is the process of getting clearance from the government to export or import goods across borders. The customs clearance process for exporting and importing goods typically involves the following steps: Obtain a Business Number: Before Read Full Details…

Fish and crustaceans, molluscs and other aquatic invertebrates
Mar 09

Chapter 3 Fish and crustaceans, mollusks and other aquatic invertebrates Export import Worldwide Foreign Trade Laws, Licensing, Customs Clearance, International Logistics, and Exim Documentation

Export-import of fish and seafood is a critical sector of the global trade industry. The demand for seafood is on the rise due to the increasing awareness of its health benefits and the growth of the global population. This article will discuss the worldwide trade laws, licensing, customs clearance, international logistics, and Exim documentation associated with the export-import of fish and seafood. Export-Import Trade Laws The export-import trade laws for fish and seafood vary from country to country. For instance, Read Full Details…

Mar 09

How bad are the crops in Argentina?

Bad news follows bad news. Unfortunately, this is what the weather has been doing to Argentina’s agriculture during the 2022/2023 crop year. After being affected by La Niña for the third year in a row, key producing regions in the country are facing one of the worst droughts of the last four decades. Corn and soybean production is likely to be highly impacted by above-average temperatures and much below-average precipitation in 2023. According to the Buenos Aires Grain Exchange, current Read Full Details…