Iranian importers must make payments to suppliers through banks under the company name and provide proof of payment to complete customs clearance. Due to U.S. sanctions, many banks refuse to accept payments from Iran, increasing transaction risks. It is advisable to ensure that payments are received before shipping and to avoid trading in products subject to sanctions to safeguard the supply chain.
This article provides a detailed comparison of the main changes between the old and new customs declarations, including the deletion, addition, and modification of fields. Many irrelevant pieces of information have been removed, while new fields have been added to ensure tax collection and prevent infringement. Several field names have been adjusted for clarity, and the number of product items has increased to facilitate trade. Overall, these adjustments aim to enhance customs regulatory capabilities and improve trade efficiency.
Increased scrutiny of Xinjiang cotton products by US Customs presents challenges for cross-border e-commerce sellers. This analysis examines the background and intensity of the review, offering guidance on export compliance, product selection adjustments, and risk mitigation strategies to capitalize on peak season opportunities. The importance of diversifying supply chains, building strong brands, and selecting reliable logistics partners is emphasized to navigate the evolving landscape and maintain business continuity.
This article delves into eBay's import fee policy, emphasizing its mandatory nature and the importance of compliance. It details the VAT registration and payment process, providing guidance for both third-party registration and self-application. Furthermore, it proposes VAT tax optimization strategies to help cross-border e-commerce sellers reduce operating costs and achieve compliant operations and profit growth. The article aims to clarify the complexities of eBay fees and VAT, offering practical advice for navigating these challenges.
Panjiva data reveals a sixth consecutive month of decline in US seaborne imports in February, impacted by the COVID-19 pandemic and weakened demand. Imports from China experienced a sharp decrease, and future prospects remain uncertain. The ongoing pandemic continues to disrupt global supply chains and consumer spending, contributing to the overall downturn in trade activity. This trend raises concerns about the potential long-term economic consequences for both the US and its trading partners.
Rising import volumes into US East Coast and Gulf Coast ports are driven by the risk of port strikes, as retailers front-load inventory to mitigate potential supply chain disruptions. Slow progress in labor negotiations casts a long shadow of strike action. Analysis suggests import volume isn't directly correlated with retail sales but reflects retailer expectations. All parties need to work towards an agreement to avoid the economic impact of a strike.
In the first half of 2025, Guangzhou's bonded logistics import and export volume reached 56.65 billion yuan, a year-on-year increase of 29.9%. Growth was driven by sectors such as international consolidation and distribution. The city's commerce bureau aims to facilitate trade by innovating policies and promoting new foreign trade models, supporting Guangzhou's development as a 'trade power city'.
As a first-class open port in the country, Quanzhou Port has an annual throughput of over 120 million tons, ranking second in Fujian. As a key node of the Maritime Silk Road, Quanzhou Port connects Southeast Asia, the Middle East, and European and American markets through its standardized import and export processes and 24-hour operational mode, providing comprehensive logistics services.
Pohang Port, located in Gyeongsangbuk-do, South Korea, is a significant industrial port with an annual throughput exceeding 30 million tons, primarily serving the POSCO steel complex. The port is well-equipped with various functional zones that facilitate the efficient import and export of raw materials and finished products, providing robust support for South Korea's shipping logistics and international trade development.
China's social logistics costs remain high, placing a heavy burden on enterprises and affecting economic transformation. Various fees are still widespread, particularly in highways and import-export sectors, with high costs and inconsistent standards, intensifying pressure on businesses. It is crucial to strengthen policy implementation, regulate charging mechanisms, and promote cost reduction to enhance enterprise competitiveness and achieve sustainable economic development.
