Temu Restricts Poorperforming Sellers Amid Stricter Standards

Temu Restricts Poorperforming Sellers Amid Stricter Standards

Temu is updating its store supervision rules, restricting new product listing permissions for 'poor' performing stores for up to 30 days. Concurrently, it's relaxing store number limitations, reflecting a shift in operational strategy from prioritizing quantity to emphasizing quality. This aims to improve product quality and enhance the user experience on the platform. The changes suggest Temu's focus is now on fostering a more sustainable and reliable marketplace by holding sellers accountable and encouraging higher standards.

Asiapacific Customs Adopt WCO Ecommerce Compliance Standards

Asiapacific Customs Adopt WCO Ecommerce Compliance Standards

The 2021 WCO Asia-Pacific Regional Seminar focused on cross-border e-commerce compliance, aiming to promote the effective implementation of the WCO E-Commerce FoS Framework in the Asia-Pacific region. The conference brought together various stakeholders to discuss core issues such as advance electronic data, data exchange, and tax collection. Participants shared experiences, explored challenges, and laid the foundation for building a secure and efficient cross-border e-commerce ecosystem. The pandemic has accelerated the development of e-commerce, further highlighting the importance of the framework.

Ireland Overhauls Biopharma Tariffs to Spur RD and Trade

Ireland Overhauls Biopharma Tariffs to Spur RD and Trade

Ireland has released a biopharmaceutical tariff adjustment plan aimed at reducing R&D and compliance costs, and strengthening its global competitiveness. The new policy focuses on tax reductions for R&D equipment, adaptation to new EU regulations, incentives for high-value drug exports, and restrictions on low-value-added product exports. This move aims to address challenges such as the impact of new EU regulations and increased global competition. It is expected to promote the quality and efficiency of Ireland's biopharmaceutical industry, optimize the global trade landscape, and inject new impetus into Sino-Irish and EU-Irish pharmaceutical trade.

Ponta Delgada Emerges As Key Azores Port for EU Trade

Ponta Delgada Emerges As Key Azores Port for EU Trade

The Port of Ponta Delgada, located in the Azores archipelago of Portugal, is a crucial maritime hub connecting Europe, North America, and Africa. The port offers 24-hour pilotage services and boasts comprehensive facilities, including ship repair, bunkering, and provisioning, while adhering to strict environmental regulations. Its strategic location and complete range of services make it an ideal gateway to the European market.

Brazil Adjusts Coffee Tariffs to Comply With EU Deforestation Rules

Brazil Adjusts Coffee Tariffs to Comply With EU Deforestation Rules

Brazil is adjusting its coffee industry tariffs to address the EU Deforestation Regulation (EUDR) and promote industry upgrading. This involves lowering import tariffs on compliance-related equipment, increasing export tax rebates for high-value-added products, and restricting the export of low-quality coffee beans. Brazil aims to strengthen its position in the EU market, deepen trade with China, and achieve sustainable development and high-value transformation of its coffee industry. The adjustments are designed to ensure EUDR compliance while simultaneously boosting the competitiveness and profitability of the Brazilian coffee sector.

Ecommerce Firms Seek Overseas Product Managers for US EU Markets

Ecommerce Firms Seek Overseas Product Managers for US EU Markets

Hai Xing Cheng in Suzhou is hiring a cross-border e-commerce Product Manager to focus on developing high-quality products for the European and American markets. This position requires skills in market research, product strategy, competitive analysis, product innovation, and project management. Candidates should possess a solid engineering background and experience in Amazon product development/operations.

EU and Middle East Differ in Air Freight Customs Rules

EU and Middle East Differ in Air Freight Customs Rules

International air freight customs clearance varies by country. This article focuses on the EU and the Middle East, detailing the differences in required documentation, specific regulations, and declaration processes. The EU emphasizes standardization, requiring a uniform customs declaration. The Middle East requires attention to pallet requirements and religious/cultural restrictions. Mastering these differentiated customs clearance secrets will help your goods flow smoothly worldwide. This knowledge is crucial for efficient and compliant international air transport.

G7 EU Weigh Russian Oil Ban Amid Global Price Concerns

G7 EU Weigh Russian Oil Ban Amid Global Price Concerns

The G7 and EU are discussing a comprehensive ban on Russian maritime services, aiming to cut off its oil exports. This move could push oil prices higher, but the policy's effectiveness and Russian countermeasures remain uncertain. Simultaneously, high-level US-Russia talks offer hope for resolving the Ukraine crisis, potentially easing energy market tensions. The future direction is volatile and warrants close attention. This potential ban adds further complexity to the already strained global energy landscape, impacting supply chains and potentially leading to further economic instability.