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Countering Economic Coercion: Tools and Strategies for Collective Action
June 21st, 2023 WASHINGTON, D.C. – Economic coercion has become one of the most pressing and growing challenges on the international scene today, which has raised concerns about the potential damage to global economic growth, the rules-based trading system, and international security and stabili...Read more -
Multiple ports in India shut down! Maersk issues customer advisory
June 16th, 2023 01 Multiple ports in India have halted operations due to a hurricane Due to the severe tropical storm “Biparjoy” moving towards the northwestern corridor of India, all coastal ports in the state of Gujarat have ceased operations until further notice. The affected port...Read more -
UK Logistics Giant Declares Bankruptcy Amid Increasing Industry Failures
On June 12th, UK-based logistics titan, Tuffnells Parcels Express, announced bankruptcy after failing to secure financing over recent weeks. The company appointed Interpath Advisory as joint administrators. The collapse is attributed to rising costs, the impacts of the COVID-19 pandemic, and fie...Read more -
44℃ High Temperature Forces Factory Shutdown! Another Country Falls into Power Crisis, 11,000 Companies Forced to Reduce Electricity Usage!
June 9th, 2023 In recent years, Vietnam has experienced rapid economic growth and has emerged as a prominent global economic powerhouse. In 2022, its GDP grew by 8.02%, marking the fastest growth rate in 25 years. However, this year Vietnam’s foreign trade has been experiencing a continuou...Read more -
Major Western US Port Operations Halted Amid Labor Disruption
According to a report by CNBC, ports along the western coast of the United States are facing closure due to a labor force no-show after negotiations with port management failed. Oakland port, one of the busiest ports in the United States, ceased operations on Friday morning due to a lack of dock ...Read more -
Busy Chinese Seaports Boost Foreign Trade Stability and Growth with Customs Support
June 5th, 2023 On June 2nd, the “Bay Area Express” China-Europe freight train, loaded with 110 standard containers of export goods, departed from the Pinghu South National Logistics Hub and headed for the Horgos Port. It is reported that the “Bay Area Express” China-Europe...Read more -
The U.S. sanctions against Russia involve over 1,200 types of goods! Everything from electric water heaters to bread makers has been included in the blacklist
May 26th, 2023 During the G7 summit in Hiroshima, Japan, the leaders announced the imposition of new sanctions on Russia and pledged further support to Ukraine. On the 19th, according to Agence France-Presse, the G7 leaders announced during the Hiroshima summit their agreement to impose new sanc...Read more -
New Round of Sanctions! Over 1,200 Goods Included in US Anti-Russia Measures
G7 Hiroshima Summit Announces New Sanctions on Russia May 19th, 2023 In a significant development, leaders from the Group of Seven (G7) nations announced during the Hiroshima Summit their agreement to impose fresh sanctions on Russia, ensuring Ukraine receives the necessary budgetar...Read more -
62 Foreign Investment Projects Signed, China-Central and Eastern European Countries Expo Achieves Multiple Accomplishments
With over 15,000 domestic and foreign buyers in attendance, resulting in over 10 billion yuan worth of intended procurement orders for Central and Eastern European goods, and the signing of 62 foreign investment projects… The 3rd China-Central and Eastern European Countries Expo and Interna...Read more -
April Trade Data Released: US Exports Decline by 6.5%! Which Products Experienced Major Increases or Decreases in Exports? China’s April Exports Reach $295.42 Billion, Growing by 8.5% in USD ...
April exports from China grew by 8.5% year-on-year in US dollar terms, surpassing expectations. On Tuesday, May 9th, the General Administration of Customs released data indicating that China’s total imports and exports reached $500.63 billion in April, marking a 1.1% increase. Specifically,...Read more -
Major Events in Foreign Trade this Week: Brazil Grants Duty-Free Status to 628 Imported Products, While China and Ecuador Agree to Eliminate Tariffs on 90% of their Respective Tax Categories
May 12th , 2023 April Foreign Trade Data: On May 9th, the General Administration of Customs announced that China’s total import and export volume in April reached 3.43 trillion yuan, a growth of 8.9%. Among this, exports amounted to 2.02 trillion yuan, with a growth of 16.8%, while imports ...Read more -
Pakistan to purchase Russian crude oil with Chinese yuan
On May 6th, Pakistani media reported that the country may use Chinese yuan to pay for the crude oil imported from Russia, and the first shipment of 750,000 barrels is expected to arrive in June. An anonymous official from Pakistan’s Ministry of Energy stated that the transaction will be sup...Read more
