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The Biden administration plans to expand the Foreign Direct Product Rule, affecting Chinese semiconductor companies. However, exemptions were not granted to multiple countries, eliciting a positive market response. Chinese companies face both challenges and opportunities.
The Indonesian Artificial Fiber Producers Association (APSyFI) submitted an application to initiate an anti-dumping investigation on synthetic filament yarn originating from China.
On August 22, 2023, President Xi Jinping of China visited South Africa and signed a joint statement on the mutual recognition of AEO (Authorized Economic Operator). This measure aims to further improve the trade convenience between China and South Africa, reduce costs, and provide preferential policies for enterprises of the two countries. According to statistics, China has signed AEO mutual recognition agreements with multiple countries and regions, and the South African market has thus become an important part of Chinese enterprises expansion into the African market.
The EUs New Battery Regulation assigns new missions to ECHA, which will have a major impact on the global battery energy storage industry. This regulation oversees the entire lifecycle of batteries, covering aspects such as hazardous substances, carbon footprint, performance, durability, and safety. Additionally, ECHA will strengthen control over hazardous substances in batteries. As one of the worlds largest producers and consumers of batteries, Chinese battery companies need to closely monitor these changes.
India and Russia set a $100 billion trade target by 2030, while the U.S. issues sanctions warnings to Indian banks, increasing the complexity of India-U.S. relations and forcing India to balance strategies between the U.S. and Russia.
According to relevant Chinese laws and regulations, starting from July 13, 2023, washed wool and cashmere from Mongolia that meet the regulations can be imported into China. The announcement details the quarantine basis, scope of imported goods, requirements for production enterprises, requirements for imported products, packaging and labeling requirements, storage and transportation requirements, pre - export inspection and certificate requirements, as well as entry inspection and quarantine requirements for these wool and cashmere.
The content of radioactive cesium in the sea fish caught in the port of the Fukushima Daiichi Nuclear Power Plant in Japan exceeds the standard set by the Food Sanitation Law by 180 times. To prevent contaminated fish from swimming out of the port, the power company will set up multiple protective nets. In addition, Japan also has new regulations on food safety and measures to lift enhanced inspections. This includes amending the maximum residue limits of some agricultural and veterinary drugs in food, lifting the enhanced monitoring and inspection of acephate in Chinese - produced shiitake mushrooms, and lifting the enhanced inspection of difenoconazole in Chinese - produced edamame and its simple processed products.
As electrical and electronic products involve human safety, health, and environmental protection, they have drawn global attention. Many countries/regions have established comprehensive legal frameworks, strict market access mechanisms, and supervision systems as technical trade measures. The EU leads globally with the earliest, most complete, and widest-coverage technical trade measures for such products. As EU members, Central and Eastern European countries have incorporated these systems into the EU framework, requiring exporters attention.
In the first half of 2024, Chinas home appliance exports increased by 24.9% year - on - year. Smart home appliances and green and low - carbon products are favored by the global market. Policy dividends and improved customs clearance efficiency have helped the upgrading of the home appliance industry.
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PSB Record: Shanghai No.31011502009912
