Regulations on the revision of Regulations on the Use of Food Additives in the European Union
10 October 2023
In the ongoing regulation and evaluation of food additive usage, the European Union has always placed the utmost importance on the food safety of its citizens. After careful consideration and evaluation, based on food safety considerations, Regulation (EU) 2023/2379 was officially issued on October 3, 2023, and will amend the food additive usage regulations (i.e., Regulation (EC) No 1333/2008)...
Ups and downs: layoffs at the British port of Liverpool caused waves
9 October 2023
On the global economic chessboard, every change in the container shipping market symbolizes countless business opportunities and challenges. Recently, Liverpool Port, long regarded as a major port in western England, decided to lay off employees due to the continuous deterioration of the global container shipping market. This unusual move undoubtedly caused ripples worldwide. I. Liverpool Port...
EU revises technical specifications for wired charging interface communication protocol
September 28, 2023
With continuous technological advancements, interoperability between radio equipment and charging devices has become an increasing focus for consumers. To ensure minimum common standards for this interoperability, the EU recently revised technical specifications for wired charging interface communication protocols, aiming to enhance consumer convenience, reduce environmental waste, and prevent market fragmentation.
Uruguay and China resume negotiations on beef and mutton export agreement
26 September 2023
Uruguay and China have resumed negotiations on an agreement on beef exports for the first time since 2018. According to the Uruguayan National Gazette website on September 22, this is the first time the two countries have renegotiated an agreement on beef exports since 2018. Uruguay’s Minister of Livestock, Agriculture and Fisheries, Fernando Matos, said the negotiating conditions were very mature, and Uruguay’s...
The EU electric vehicle market grew by 20% in August%
21 September 2023
The Manufacturers Association (ACEA) released striking data showing significant growth in EU electric vehicle sales reaching 21% market share in August. This milestone figure holds particular significance in the automotive industry, especially during typically slower sales months. This article explores the underlying factors and future implications...
Luxembourg Cargo Airlines strike: impact on foreign trade
20 September 2023
Cargolux, Europe’s largest freight carrier, has recently become the headline news for staff strikes. The backdrop of the strike is the failure of trade unions and management to reach a consensus on raising wages. This event is undoubtedly a huge blow to foreign trade companies that rely on the company to carry international freight, as the entire fleet has stopped flying and international freight has also...
The United States and India resolve long-term WTO trade disputes
18 September 2023
Recently, according to AFP reports, the US and India reached a poultry dispute settlement. The dispute originated from Indias restrictions on certain US agricultural imports to prevent avian influenza. Agreement details and background of long-standing dispute. The US Trade Representative stated this agreement successfully resolves the longstanding dispute, paving the way for future US-India trade...
The tax policy for cross-border e-commerce export returns will be extended to 2025
15 September 2023
In order to further support the rapid development of the emerging cross - border e - commerce business, the Ministry of Finance, the General Administration of Customs and the State Taxation Administration recently issued a new announcement to continue implementing the tax preferential policies for returned goods in cross - border e - commerce exports.
Affected by the economic recession in Germany, the European Commission has lowered its economic growth forecast.
14 September 2023
The European Commission recently downgraded EU economic growth forecasts for 2023 from 1% to 0.8%, primarily due to expected recession in Germany, Europes largest economy. Next years growth projection was also adjusted down from 1.7% to 1.4%. Since the Russia-Ukraine conflict in February last year, Germanys need to rapidly end dependence on Russian...
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