Recently, freight rates for international shipping routes from Shanghai to both the US West Coast and East Coast have risen, with increases of approximately 30% and 20% respectively.
On April 14, 2023, the European Commission issued an announcement, making its first affirmative final ruling on the sunset review of anti-dumping duties on stainless steel tube and pipe butt-welding fittings originating from Mainland China and Taiwan, China.
The 2024 explosion accident at BASFs Ludwigshafen site in Germany disrupted the production of vitamins A and E, leading to tight global supply, soaring prices, and impacts on the Chinese market, where prices doubled, with supply-demand imbalance unlikely to balance in the short term.
Recently, the Ministry of Commerce and 16 other departments jointly issued the Notice of the Ministry of Commerce and 16 Other Departments on Several Measures to Serve the Construction of a New Development Pattern and Promote the High-Quality Development of Border (Cross-Border) Economic Cooperation Zones (Shang Zi Fa [2023] No. 18).
According to the new tax regulations of the EU, starting from July 1, 2021, all non - EU sellers selling goods in the EU are required to collect value - added tax (VAT) from EU countries.
In the first seven months of 2024, Chinas total import and export value of goods reached 24.83 trillion yuan, a year-on-year increase of 6.2%, with exports growing by 6.7% and imports by 5.4%, demonstrating the resilience of Chinas economy and the momentum of foreign trade development.
The Ministry of Commerce, the Ministry of Public Security, and the General Administration of Customs jointly issued the Notice on Further Expanding the Scope of Regions for Used - car Export Business earlier, deciding to add 14 regions to carry out the used - car export business