Industrial data fell more than expected in March, and the risk of a German recession rose.
15 May 2023
The decline in industrial production data in Germany in March far exceeded market expectations, raising market concerns about further deterioration of the German economy. The Federal Bureau of Statistics released data on Monday showed that the decline in industrial production in Germany in March was 3.4% and 1.3% more severe than analysts expected. Among them, poor performance in the automotive industry was one of the reasons for the decline in motor vehicles and automotive parts in March.
South African currency exchange rate hits a record low, beware of foreign exchange risks
16 May 2023
The South African Rand against the U.S. dollar exchange rate recently reached a new record low, attracting market attention. Last Friday, the South African Rand against the U.S. dollar exchange rate depreciated 1.8% in the plate, closing the Times 19.32 Rand against the U.S. Dollar, reaching a new record low. Thro the week, the South African Rand against the U.S. Dollar fell 4.7%, the largest weekly depreciation in 9 months.
Ecuador and China sign the first free trade agreement between Asian countries
15 May 2023
China and the relevant departments of the two countries officially signed the Free Trade Agreement via video on May 11, which is the first free trade agreement signed by Ecuador and Asian countries. It is that the China-Ecuador Free Trade Agreement includes a preamble and 17 chapters, through which the agreement, the two sides will a high level of mutual openness and promote China-Ecuador economic and trade cooperation in all aspects.
Export to Argentina issued the latest food standard requirements
12 May 2023
The Argentine Secretariat for Agriculture, Livestock and Fisheries and the Secretariat for Health Quality issued a number of resolutions on 20-21 April 2023, aimed at regulating food production operations, preventing food safety accidents and ensuring food safety.
Brazil will exempt 628 types of machinery and equipment from import tariffs
12 May 2023
On May 9, 2023, the Executive Management Committee of the Brazilian Foreign Trade Commission issued an important decision to exempt 628 kinds of machinery and equipment products from import tariffs. The tax - free policy will last until December 31, 2025. This decision aims to promote the economic development of Brazil, enhance the competitiveness of enterprises, stabilize domestic prices, and reduce inflationary pressure. According to the announcement of the committee...
General Administration of Customs | Announcement on quarantine and sanitation requirements for imported terrestrial animal protein feed from Brazil
10 May 2023
Recently, the General Administration of Customs issued an announcement to implement the national strategy of revitalizing the old industrial bases in Northeast China and promote cross-border transportation cooperation for domestic trade goods using overseas ports. It was decided to further expand the scope of cross-border transportation business for domestic trade goods in Jilin Province.
Shanghais exports of new energy vehicles will usher in a boom in the first quarter of 2023!
9 May 2023
It is reported that on May 2, 2023, the Haitong Terminal in Shanghai Waigaoqiao Port Area welcomed a large car carrier Chang Tai Hong with a length of 176 meters. A long queue of new energy vehicles lined up at the terminal, driven by drivers, filed in and will go global from Shanghai. On that day, four foreign trade ships docked at Haitong Terminal, exporting a total of 5700 cars to Mexico...
From June 1st, a number of shipping companies have raised a number of freight charges again.
8 May 2023
Before the long holiday, due to weak demand in the European and U.S. market, shipping flows are less than expected, many shipping companies GRI price hike plans lost support, and expectations for high-end shipping prices fell. After the holiday, from June 1, several shipping companies announced a new increase in a number of shipping charges, including: Additional Charge (GRI), Bunker Charge (BUC) fuel charges and PCC (PANAMA CANAL CHA).
Announcement of requirements for importing Spanish amygdala inspection
6 May 2023
Prunus dulcis (Mill.)D.A.Webb is the fruit of the almond grown in Spain as a raw material, made in Spain through shell, drying, selection and other processing processes for human consumption or peeling nuts. It is a nutrient-rich food containing a lot of high-quality protein, unsaturated fatty acids, fiber, vitamins and other nutrients.
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