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Russia will reduce oil production and exports in the second quarter of 2024 as part of the OPEC+ agreement, aiming to maintain market balance and price stability.
Japan is facing a sharp decline in industrial production in early 2024. The停產(chǎn) of Daihatsu Motor and the impact of the earthquake are significant. Although exports to China have increased significantly, internal challenges remain severe.
The EUs Supply Chain Act was not passed as Germany and 12 other countries abstained. The act aims to strengthen human rights and environmental due diligence in corporate supply chains.
Facing the increase in global trade frictions, the China National Textile and Apparel Council actively responds to lawsuits, helping enterprises resist the impact of anti - dumping, safeguard measures and anti - circumvention investigations.
India proposed to abolish the de minimis rule in anti - dumping investigations and directly determine the tax rate based on the dumping margin. The change is expected to have a significant impact on the Indian market of enterprises from China and other countries.
On February 23, 2024, the US Department of the Treasury announced new sanctions against Russia and more than 300 entities worldwide in response to the Russia - Ukraine war and the death of Alexei Navalny. The sanctions cover key sectors such as finance and the military - industrial complex, involving 6 Chinese entities.
The British Foreign Secretary announced new sanctions against Russia, targeting arms manufacturers, oil traders, and diamond companies, aiming to weaken Putins arsenal and war funds.
US President Joe Biden announced new sweeping sanctions against Russia, triggering price surges in aluminum and nickel markets as global attention turns to sanction details and their impact on international metal supply chains.
Brazils Foreign Trade Committee has decided to impose provisional anti-dumping duties on non-surgical latex and PVC gloves originating from China, Malaysia, and Thailand for six months to protect domestic industries from foreign product dumping.
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PSB Record: Shanghai No.31011502009912
