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The General Administration of Customs has revised the rules of origin under CEPA for Hong Kong

2024-08-18

In order to further promote economic and trade exchanges between the Chinese mainland and Hong Kong, in accordance with the relevant provisions of the Goods Trade Agreement under the Mainland and Hong Kong Closer Economic Partnership Arrangement, the General Administration of Customs has revised the origin criteria for HS Code 0902.30 in Annex 1 of Announcement No. 39 of the General Administration of Customs in 2022. The new criteria will come into effect on July 1, 2023.

Anti - Dumping Investigation

2024-08-18

enterprises can also strengthen cooperation with foreign enterprises

The EU has revised the import requirements for products such as honey, meat, and gelatin capsules

2024-08-17

Recently, the EU issued Notification G/SPS/N/EU/631, amending and correcting Commission Delegated Regulation (EU) 2022/2292 concerning requirements for honey, meat, highly refined products, gelatin capsules, and aquatic products entering the EU. Below are the main amendments:

Chinas Import and Export Data for the First Five Months Released: What is the Export Outlook?

2024-08-17

Data recently released by the General Administration of Customs shows that in the first five months of this year, Chinas total value of imports and exports reached 16.77 trillion yuan, a year - on - year increase of 4.7%. Among them, exports were 9.62 trillion yuan, an increase of 8.1%; imports were 7.15 trillion yuan, an increase of 0.5%; and the trade surplus was 2.47 trillion yuan, an expansion of 38%.

The Asian Clearing Union Will Launch a New Cross - border Financial Settlement System

2024-08-17

The latest news shows that the Asian Clearing Union (ACU) - a regional multilateral trade clearing institution composed of nine Asian countries - plans to launch a new cross - border financial settlement system in June this year. This system is regarded as an alternative to the Society for Worldwide Interbank Financial Telecommunication (SWIFT) system.

The US Supply Chain Crisis Worsens: Double Blow of Truck Driver Shortage and Port Strike

2024-08-17

Recently, the pressure from the US supply chain crisis has further intensified. On one hand, nearly 130,000 US truck drivers have been banned from driving due to drugged driving, with a significant portion of those who failed the test not participating in return-to-work programs, resulting in continued severe driver shortages in the trucking industry. On the other hand, a new round of strike actions by West Coast port workers has disrupted cargo operations at major US West Coast ports, with some ports even closed due to the strikes.

EU Releases Tariff Reform Proposal, Plans to Abolish Tax-Free Policy for Imported Goods Below €150

2024-08-16

On May 17, 2023, local time Wednesday, the European Commission officially released the proposal titled EU Customs Reform: A Data-Driven Vision for a Simpler, Smarter, and Safer Customs Union, marking the most comprehensive reform of the EU Customs Union since its establishment in 1968.

In April, the production and sales volume of new energy vehicles increased by 840% year - on - year.

2024-08-16

Data shows that in April, Chinas automobile production and sales reached 2.133 million and 2.159 million units respectively, with year-on-year growth of 76.8% and 82.7%. Among them, passenger vehicle production and sales reached 1.778 million and 1.811 million units, with year-on-year growth of 78.5% and 87.7%.

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