Category: Trade Partnership

Feb 06

Coffee sector sees RCEP opportunity

The ASEAN Free Trade Agreement (AFTA) already allows all Association of Southeast Asian Nations (ASEAN) coffees to come in and out freely, Pacita U. Juan, vice-president of the non-profit ASEAN Coffee Federation, said. “RCEP for coffee adds Japan, Korea, and China (to the mix),” she said in a Feb. 3 Zoom call. AFTA was a stress test for the coffee industry, Ms. Juan added: “If it were to shake up the coffee industry, it should have shaken it up already.” Read Full Details…

Feb 06

Japanese Tea Companies Eye Overseas Markets As Domestic Consumption Declines

The Japanese tea industry is focusing on expanding overseas sales channels due to a decline in domestic consumption amid the novel coronavirus pandemic. Major production areas, such as Kyoto Prefecture, are undertaking new initiatives in sales and production: In February last year, a seminar about Japanese tea was held in Hollywood, Calif. Akio Matsumoto, a sommelier at a Japanese restaurant in New York, explained to attendees from companies that operate local restaurants that new dining experiences can be offered by Read Full Details…

Feb 06

Japan’s curbs on chip machinery export to China is self-defeating deed: experts

The Japanese government’s move of proactively following the US’ lead by being part of Washington’s “tech decoupling” from China will put its enterprises, which are trying to expand in the world’s largest semiconductors market, in the crosshairs, experts told the Global Times. There are reports that Tokyo plans to start restricting exports of advanced semiconductor manufacturing equipment to China this spring, though the reported regulation will not mention China specifically. The curbs will come after the Japanese government amends a Read Full Details…

Feb 06

Pet Clothing Market Size, Trend | Demand and Import/Export Details up to 2031 | Wagwear, The Foggy Dog, TRIXIE

Report Ocean has recently published a revised figures report on the worldwide Pet Clothing market. Growth prospects and difficulties are noted in the paper. A tool for evaluating the potential for new goods and services is the constraints and opportunity analysis. This aids businesses in locating and forecasting market opportunities. It offers details on crucial market processes, such as leading participants. Changes in consumer behavioral patterns have temporarily hindered the market’s growth because the size of the Pet Clothing market Read Full Details…

Feb 05

U.S. takes aim at global shark fin trade

The National Oceanic and Atmospheric Administration, or NOAA, is currently reviewing the funding and implementation of a long-awaited ban on the trafficking of shark fins through U.S. ports, a move that could disrupt their broader global trade. NOAA’s review comes after President Joe Biden signed the Shark Fin Sales Elimination Act into law in December. It’s a move that some scientists and researchers have fought for years, pointing to a deep debate about just how the U.S. should use its Read Full Details…

Feb 05

Rising Alabama exports put 2022 on course for a record year

Alabama exports are bouncing back from global trade frictions and disruptions caused by the COVID-19 pandemic that interrupted years of upward momentum for overseas shipments of Alabama-made goods. While full-year results are not yet available for 2022, trade data shows that Alabama exports approached $23.4 billion in value through November — a figure that already eclipses the annual record of $21.7 billion, set in 2017. That’s good news for Alabama businesses that export their products to an international customer base Read Full Details…

Feb 05

Europe open for international trade, says German Chancellor Scholz

Asserting that Europe remains open for international trade, German Chancellor Olaf Scholz has said he is doing his utmost to ensure that the free trade agreements with India and some other countries gets sealed. The European Union, within which Germany is among India’s biggest trade partners, relaunched negotiations last year with India for a Free Trade Agreement, and launched separate negotiations for an Investment Protection Agreement and an Agreement on Geographical Indications (GIs). In a special address at the World Read Full Details…

Feb 05

‘Rice diplomacy’ between India, Bangladesh and Myanmar

Bangladesh has offered over $40 a tonne more to Indian co-operatives to import 2.5 lakh tonnes of parboiled rice in a government-to-government deal compared with prices quoted by the private trade in a global import tender. The import deal will be through NCCF (National Cooperative Consumers Federation) and Kendriya Bhandar in two tranches with Dhaka getting rice at $443 and $443.5 a tonne each, according to media report. Two Indian co-operatives will export 2 lakh tonnes of rice under government-to-government Read Full Details…

Feb 05

Gold and silver jewellery to get a lot more expensive

Jewellery is set to get a lot more expensive, as customs duty on precious metals, articles of gold, silver and platinum and costume jewellery has been increased in the Union Budget presented by Finance Minister Nirmala Sitharaman on Wednesday. To make matters worse, basic customs duty has been hiked on articles made from gold bars.Apart from these, customs duty on electric kitchen chimneys, bicycles, toys, electric vehicles and cigarettes also increased. “I also propose to increase the import duty on Read Full Details…

Feb 03

Anti-dumping tariffs lapse on French fry imports

The anti-dumping tariffs on French fries placed on three European countries by the International Trade Administration Commission of South Africa (Itac) have lapsed. In July 2022, Itac – the organisation responsible for customs tariff investigations, trade remedies, and import and export controls – placed anti-dumping tariffs as high as 181.05% on Germany, 104.52% on the Netherlands, and 23.06% on Belgium for a period of six months. Itac had until Saturday, 14 January to update the French fry tariff, but allowed Read Full Details…