U.S.-China trade negotiations will be extended by 90 days, leaving the market in ongoing uncertainty. With the EU accepting a 15% tariff, both merchants and consumers will bear the costs, potentially leading to price increases for goods, affecting consumer choices and business hiring. The tariff policy will profoundly influence the domestic market and the international trade landscape.
This article offers detailed information on global FBA warehouse addresses and the customs duty thresholds for various countries, covering major markets such as the USA, UK, EU, Japan, Canada, and Australia. It also provides notes on safe warehouse entry. This information will assist sellers in optimizing storage and declaration processes while conducting international trade, helping to minimize potential customs duties and clearance risks.
At the request of Timor-Leste, the World Customs Organization (WCO), through the WCO-Norad project, provided technical assistance to support the country's tariff update from HS 2012 to HS 2017. This initiative aims to enhance Timor-Leste Customs' commodity classification capabilities, integrate into the ASEAN Economic Community, and promote trade facilitation and economic development. The project encompassed tariff assessment, gap analysis, training guidance, and system upgrades, contributing to the modernization of Timor-Leste Customs.
The Fed's slowing rate hikes signal a potential recovery in the US consumer market. This article analyzes the relationship between rate hikes, inflation, and consumption. By examining the rate hike strategies of the UK and the EU, it provides data-driven strategic advice for cross-border e-commerce businesses. This guidance aims to help them seize new opportunities presented by the anticipated consumption recovery.
In the first four months of 2025, Chongqing's total foreign trade volume reached 226.46 billion yuan, a year-on-year increase of 4.7%. General trade and bonded logistics progressed simultaneously, with private enterprises becoming the main driving force for growth. ASEAN was the largest trading partner, and emerging markets showed potential. Exports of advantageous products such as laptops, motorcycles, and mobile phones remained stable. Intermediate goods and agricultural products performed well, jointly promoting the high-quality development of Chongqing's foreign trade.
This article provides a detailed interpretation of key aspects of electric bicycle exports, including lithium battery UN code classification, dangerous goods packaging requirements, and standards in China and target countries/regions (e.g., EU CE certification, US UL standards). It offers practical export advice to help companies achieve regulatory compliance and seize international market opportunities. The article focuses on ensuring smooth and compliant export processes for electric bicycle manufacturers looking to expand their global reach.
The sanctions imposed by the U.S. and EU on Russian and Iranian oil and gas are reshaping the global tanker market. The aim of the sanctions is to weaken oil revenues, and while it is important to be cautious of short-term supply chain fluctuations, overall market gaps can be filled by other Middle Eastern countries. Additionally, the growing demand for second-hand vessels may help alleviate pressure on declining asset prices.
Ethiopia is accelerating the modernization of its tariff classification system to align with international standards, aiming to facilitate trade and promote economic growth. With support from the EU-WCO Africa HS Project, the Ethiopian Customs Commission is working to streamline processes, improve efficiency, and strengthen capacity building to adapt to the evolving global trade environment. This initiative seeks to simplify customs procedures, reduce trade barriers, and enhance Ethiopia's competitiveness in the international market.
The World Customs Organization (WCO) is strengthening cooperation with ASEAN to combat cross-border smuggling of counterfeit and substandard COVID-19 supplies. This collaboration aims to enhance customs control capabilities, strengthen intelligence sharing, and leverage technology to build a new framework for global customs cooperation. The initiative seeks to safeguard global health security by preventing the proliferation of illicit medical products and ensuring the integrity of supply chains. This partnership underscores the importance of international collaboration in addressing transnational threats and protecting public health.
The World Customs Organization (WCO) is assisting the Bureau of Customs (BOC) in the Philippines to enhance its Authorized Economic Operator (AEO) program. Through capacity building missions and practical exercises, the initiative aims to improve BOC officials' skills in verifying AEO security standards. This effort seeks to promote trade facilitation in the Philippines, foster a better business environment, and support its cooperation within ASEAN. Further in-depth training will be provided to refine the AEO system, injecting new momentum into the Philippines' trade development.
