Chinas Dongguan Firms Shift to Independent Trade Platforms for Global Growth

Chinas Dongguan Firms Shift to Independent Trade Platforms for Global Growth

Dongguan foreign trade enterprises are facing transformation and upgrading. Independent websites are key to breaking platform restrictions, directly reaching customers, and enhancing brand image. Product selection, logistics, payment, security, and marketing are the five essential elements for building a successful independent website. By seizing the opportunity, Dongguan foreign trade enterprises can achieve greater success in the global market.

EU Weighs High Tariffs on Chinese Hybrid Cars Amid Trade Spat

EU Weighs High Tariffs on Chinese Hybrid Cars Amid Trade Spat

The EU is considering imposing tariffs of up to 35.3% on Chinese hybrid vehicles, potentially reaching 45% with existing rates. This stems from surging Chinese hybrid vehicle exports and EU concerns about subsidies. Simultaneously, the US exhibits protectionist tendencies, threatening tariffs on French goods. These events highlight escalating global trade friction and rising protectionism, creating uncertainty for the global economy. The proposed EU tariffs and US threats exemplify the growing trend of trade disputes and potential barriers to international commerce.

EC Markets and Liverpool FC Launch hold or Trade Financefootball Campaign

EC Markets and Liverpool FC Launch hold or Trade Financefootball Campaign

EC Markets partnered with Liverpool Football Club to launch the 'Hold or Trade' campaign, innovatively connecting football decisions with financial trading. Through vivid examples and interactive content, the campaign aims to help audiences understand risk assessment, the impact of mindset on outcomes, and the inspiration of football decisions on financial behavior. It ultimately seeks to improve financial literacy and establish sound investment principles. The campaign uses the excitement of football to engage a wider audience and make financial concepts more accessible and relatable.

New Global Trade Rules Aim to Curb Plastic Pollution by 2028

New Global Trade Rules Aim to Curb Plastic Pollution by 2028

The HS 2028 version significantly enhances the identification of plastic products and materials by introducing new subheadings and a 'single-use' definition. This provides businesses with clearer classification standards, helping them accurately address plastic pollution challenges in global trade and facilitating the implementation of sustainable trade and circular economy policies. The updated HS Code allows for better tracking and management of plastic waste streams, supporting efforts to reduce environmental impact and promote responsible consumption and production patterns within international commerce.

Global Shipping Crisis Worsens As Blank Sailings Surge

Global Shipping Crisis Worsens As Blank Sailings Surge

The global shipping industry faces significant challenges due to US-China trade friction, with a surge in blank sailings surpassing even pandemic levels. Reports indicate a substantial decline in freight volume on Asia-US routes. Businesses should proactively plan, diversify sourcing, and strengthen collaborations to navigate the evolving trade landscape. The increase in blank sailings indicates reduced demand and capacity management by shipping companies in response to the trade tensions and their impact on cargo volumes.

WCO Aids Costa Rica in Strengthening Supply Chains Via AEO

WCO Aids Costa Rica in Strengthening Supply Chains Via AEO

WCO assists Costa Rica in reviewing its AEO manual and strategy to establish a customs-led AEO program, enhancing trade security and efficiency. AEO certification facilitates customs clearance, improves security, and provides international recognition. This initiative aims to streamline trade processes, reduce border delays, and foster a more secure and predictable trading environment for Costa Rican businesses involved in international trade. The focus is on aligning the AEO program with international standards and best practices to maximize its benefits.

Global Business Directories Boost Export Growth

Global Business Directories Boost Export Growth

This paper delves into the strategic value of national yellow pages in foreign trade activities, offering a systematic approach to information gathering, organization, analysis, and application. By precisely targeting potential customers, understanding the competitive landscape, and establishing partnerships, national yellow pages empower foreign trade enterprises to succeed in the global market. The paper also emphasizes the importance of information timeliness, accuracy, data privacy protection, and business ethics in utilizing these resources effectively for international trade endeavors.

Jordan Customs Boosts Air Cargo Efficiency with Dubai Model

Jordan Customs Boosts Air Cargo Efficiency with Dubai Model

Jordan Customs, with support from the WCO and SECO, studied Dubai Customs' best practices in air cargo clearance to enhance its capabilities and align with the WTO's Trade Facilitation Agreement. This initiative aims to optimize risk management, promote automation, strengthen inter-agency cooperation, and improve the e-commerce environment within Jordan Customs. The goal is to contribute to global trade facilitation by implementing lessons learned from the Dubai experience, ultimately streamlining customs processes and reducing trade costs.

Central America Adopts Kyoto Convention to Modernize Customs

Central America Adopts Kyoto Convention to Modernize Customs

The Swiss State Secretariat for Economic Affairs (SECO)-World Customs Organization Global Trade Facilitation Programme (GTFP) launched an assistance program in Central America to help countries adopt the Revised Kyoto Convention, simplify customs procedures, and promote trade facilitation. Through workshops, self-assessments, and capacity building, the project will support Central America in improving customs management and integrating into the global trade system. The initiative aims to enhance efficiency and transparency in customs operations across the region.

Shipping Industry Grapples With Terminal Handling Charges

Shipping Industry Grapples With Terminal Handling Charges

This article provides an in-depth analysis of the Terminal Handling Charge (THC) in international shipping. It details the core definition, cost components, varying charges across different ports, and factors influencing rate fluctuations. Furthermore, based on Incoterms®, it clarifies the responsibility for THC under different trade terms. The aim is to help cargo owners better understand and control shipping costs, and avoid trade disputes. It offers a comprehensive overview of THC and its implications for international trade.