Category: Products

Mar 03

Egypt: 42,000 apply to tax-free car import initiative for expats

Minister of Finance Mohamed Maait said on Monday that about 42,000 applied for the tax-free car import initiative for expats, and 12,000 payment orders were issued with a total value of $202m. He added that more than 2,900 car import approvals were issued, valid for one year from the date of its issuance. Maait confirmed that the recent facilities approved by the Cabinet will continue, including cancelling the deposit before the transfer, so that it is sufficient to submit a Read Full Details…

Mar 03

Brazil reinstates ethanol import tariff making US product even less viable

Brazil’s Foreign Trade Chamber (Camex) has reinstated the original 18% import tariff for ethanol by means of letting the current 0% import tariff expire as of Feb. 1. The current 0% import tariff was put in place on Mar. 22, 2022 by former President Jair Bolsonaro to help fight rising inflation in Brazil. The 18% import tax will protect Brazilian ethanol producers, especially those located in the North-Northeast regions of Brazil by reducing competitively priced ethanol imported from abroad, according Read Full Details…

Mar 03

Coke Exports to Decrease in Jan Owing to the CNY

SHANGHAI, Mar 3 (SMM) – In December 2022, the exports of Chinese coke stood at 518,000 mt, down 15.8% from the previous month and up 117.5% from the same period last year. The import volume was 29,000 mt, a decrease of 58.0% from the previous month but an increase of 31.1% from the same period last year. In January, steel mills made pre-CNY stockpiling, and those who held low coke inventory due to poor steel sales were more active in Read Full Details…

Mar 02

Gem, jewellery demand leads to expanded show in India

The continued positive impact of the gem and Jewellery industry on India’s domestic and export trade has led to an expansion of one of the country’s most anticipated industry events. For the first time in its 39-year history, the Gem & Jewellery Export Promotion Council’s (GJEPC’s) flagship event, the India International Jewellery Show Premiere (IIJS Premiere), will be held at dual venues in Mumbai: Jio World Convention Centre (JWCC) and Bombay Exhibition Centre (BEC) (located in NESCO Goregaon). JWCC will Read Full Details…

Mar 02

Seafood sector seeks to speed up free trade pact

Visakhapatnam: The seafood exporters in Andhra Pradesh and parts of surrounding states are looking to speed up the Free Trade Agreement (FTA) with key export destinations for relief from customs duty and to boost seafood exports. With the setbacks in US, the biggest market for seafood exports, seafood exporters said that there is urgent need to consider altering the strategy to attain the ambitious export target of $14 billion by 2025. We are appealing to the Union government and officials Read Full Details…

Mar 02

Chinese Coke Exports to Decrease in January Owing to the CNY

SHANGHAI, Mar 2 (SMM) – In December 2022, the exports of Chinese coke stood at 518,000 mt, down 15.8% from the previous month and up 117.5% from the same period last year. The import volume was 29,000 mt, a decrease of 58.0% from the previous month but an increase of 31.1% from the same period last year. In January, steel mills made pre-CNY stockpiling, and those who held low coke inventory due to poor steel sales were more active in Read Full Details…

Mar 01

Rice export to enjoy favourable conditions in 2023

Hanoi (VNA) – Vietnam’s rice export this year is expected to benefit from many favourable conditions, including high global demand, to reach 7 million tonnes, according to the Cong Thuong (Industry & Trade) newspaper. The January report by the US Department of Agriculture forecast the global rice trade in 2023 will decrease about 4% from last year. Large rice exporters are predicted to witness declines, including Argentina, Brazil, Cambodia, China, the EU, India, Laos, Malaysia, Pakistan, Paraguay, Russia, Senegal, Tanzania, Read Full Details…

Mar 01

Coffee to get a roasting in chilly Northeast

HARBIN — Di Guochen, a businessman in Harbin, capital of Heilongjiang province, has an ambitious plan to turn the city into a trading center for raw coffee beans. As the chairman of the province’s coffee industry and communication alliance, Di is brewing up an idea to grow coffee in South America, transport the beans to China for processing and then sell the finished product to neighboring countries. After years of living in Brazil, Di has developed a deep understanding of Read Full Details…

Mar 01

The impact of recent South American free trade agreements on Australian agriculture

South America is becoming a major competitor for Australian agricultural products in Asian markets. The signing of 45 free trade agreements (FTAs) between South American and Asian markets over the past 10 years is increasing competition. At least 35 more agreements are under negotiation. Other factors include improved market access for South American products, increased agricultural production in South America and growing demand for imported food in Asia. In 2021–22, Chile and Peru accounted for approximately 6% of global table Read Full Details…