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Industry Trends

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Global Sea Freight Rates Decline Again, and Competition on the West Coast of the United States Route Intensifies

2024-08-07

In recent years, the global shipping market has undergone significant changes, characterized by freight rate fluctuations, overcapacity, and adjustments in competitive dynamics. The latest data shows that the SCFI index continues to decline, with freight rates on the US West Coast route plummeting, and shipping companies facing intense competition. Meanwhile, seasonal order growth may drive a rebound in freight rates in the future, creating market uncertainty.

The following are the main processes of foreign trade export agents:

2024-08-06

When it comes to the most promising emerging markets in the world, Brazil is undoubtedly one of the best. From January to August this year, the bilateral trade volume between China and Brazil exceeded 100 billion US dollars, giving us reason to believe that this Latin American country has huge market opportunities. But why Brazil? Next, the editor will explain it in detail for you.

The United States Expands Chip Export Controls: A New Change in the Global Semiconductor Market!

2024-08-06

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.

Indonesia launches anti-dumping investigation on synthetic filament yarn from China

2024-08-06

The Indonesian Artificial Fiber Producers Association (APSyFI) submitted an application to initiate an anti-dumping investigation on synthetic filament yarn originating from China.

China and South Africa Signed an AEO Mutual Recognition Agreement: Deepening Trade Relations and Market Prospects

2024-08-05

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.

EUs New Battery Law Assigns New Mission to ECHA

2024-08-05

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 - Russia Trade Growth Targets: Strategies and Challenges under US Pressure!

2024-08-05

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.

Announcement on Quarantine and Hygiene Requirements for Imported Washed Wool and Hair from Mongolia

2024-08-03

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.

Export Insurance | Shanghai Import/Export Agent

2024-08-03

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.

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