foreign trade practice News

Mauritanian Ouguiya Weakens Against Chinese Yuan

This article provides a comprehensive analysis of the Mauritanian Ouguiya (MRO) to Chinese Yuan (CNY) exchange rate. It covers the definition of the exchange rate, influencing factors, methods for inquiry and conversion, trend analysis, and practical applications. The aim is to offer a practical guide for travelers, traders, and investors, assisting them in making informed decisions when dealing with MRO/CNY transactions. It also highlights the risks associated with foreign exchange trading.

01/20/2026 Exchange Rate Query

Gold Prices Rise As Chinas Central Bank Boosts Reserves

The People's Bank of China has increased its gold reserves for the 10th consecutive month, reaching 74.02 million ounces, pushing gold prices above $3500/ounce. This reflects China's foreign exchange reserve diversification strategy, driven by expectations of US interest rate cuts, concerns about the Federal Reserve's independence, and geopolitical risks. Analysts predict further gold price increases, highlighting a clear trend of global central bank gold purchases and solidifying gold's position as a safe-haven asset.

01/28/2026 Exchange Rate Query

ICC Urges Global Unity to Boost Trade As Singapore Marks 60 Years

During the 60th anniversary celebration in Singapore, the International Chamber of Commerce advocated for the recovery of global trade, emphasizing the need for countries and businesses to strengthen cooperation. It called for the promotion of open markets, innovation, and sustainable development, while sharing successful experiences to address complex international challenges.

08/05/2025 Logistics Industry Insights

Logistics Knowledge Overview: In-depth Discussion from Purchaser Responsibilities to Compensation Trade

This article analyzes key logistics components: procurement roles, hazardous material transport, bulk shipping, inspection/quarantine, customs clearance, and scheduled flights. It specifically examines compensation trade's unique mechanisms. Mastering these areas enhances operational efficiency and competitive advantage.

07/11/2025 Logistics Encyclopedia

Key Points Analysis of General Trade Export Customs Declaration at Beijing Airport

The Beijing Airport Customs is implementing a paperless customs clearance process, requiring strict adherence to ensure that declared information matches actual goods to minimize compliance risks. During exports, all necessary documents, including customs declaration drafts, declaration elements, and proforma invoices, must be complete, and brand authorizations must be authentic and valid to avoid being penalized by customs.

07/18/2025 Logistics Encyclopedia

Worldairways Launches New Freight Route Connecting Xi'an and Nuremberg to Boost Trade

World Airlines recently announced a weekly freight route connecting Xi'an to Nuremberg, utilizing DC-10F freighters to accelerate China-Europe trade and support export growth in Shaanxi Province. Future flights are set to increase to three times a week and will upgrade to MD-11F freighters to enhance transport capacity. Xi'an Xianyang International Airport is actively expanding to accommodate the growing demand for air cargo.

07/23/2025 Logistics

Understanding Customs Clearance Fees Avoid High Costs and Optimize Your International Trade

Customs clearance fees are a crucial aspect of international trade, encompassing various costs such as import duties, taxes, and customs agent fees. Understanding these expenses helps optimize import and export operations while avoiding unnecessary costs. Additionally, duty exemption policies in different countries can facilitate the import of low-value goods.

07/23/2025 Customs Knowledge

Exploring Rhodes Port A Maritime Gem and Trade Hub in Eastern Greece

Rhodes Port, located on the Greek island of Rhodes, is an active medium-sized harbor with a vessel acceptance capacity of 332 meters and a rich maritime culture. It primarily accommodates yachts, sailboats, and passenger ships, providing an excellent environment for trade and tourism.

07/24/2025 Port Encyclopedia

Comprehensive Analysis of Montevideo Port A Key Role in South American Trade

The Port of Montevideo is a vital trade hub for Uruguay and South America, providing efficient cargo transport services due to its advantageous location and specialized port infrastructure. It handles 90% of Uruguay's imports and exports, significantly contributing to regional economic development.

07/24/2025 Port Encyclopedia

Puerto Quetzal An Important Trade Hub on the Pacific Coast of Guatemala

Quetzal Port is the main port located in southern Guatemala, situated along the Pacific coast. The port has a coastline of 802 meters and a water depth of 11 meters, facilitating efficient cargo loading and unloading operations. It primarily exports agricultural products such as bananas and coffee.

07/24/2025 Port Encyclopedia

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"foreign trade practice"

Mauritanian Ouguiya Weakens Against Chinese Yuan

Gold Prices Rise As Chinas Central Bank Boosts Reserves

ICC Urges Global Unity to Boost Trade As Singapore Marks 60 Years

Logistics Knowledge Overview: In-depth Discussion from Purchaser Responsibilities to Compensation Trade

Key Points Analysis of General Trade Export Customs Declaration at Beijing Airport

Worldairways Launches New Freight Route Connecting Xi'an and Nuremberg to Boost Trade

Understanding Customs Clearance Fees Avoid High Costs and Optimize Your International Trade

Exploring Rhodes Port A Maritime Gem and Trade Hub in Eastern Greece

Comprehensive Analysis of Montevideo Port A Key Role in South American Trade

Puerto Quetzal An Important Trade Hub on the Pacific Coast of Guatemala