UPDATED 17 APR 2023, 11:37 PM SGT SINGAPORE – Singapore’s key exports posted a much smaller drop than expected in March, but economists say that while the worst may be over, the outlook remains gloomy. Exports are likely to remain around current weak levels in the coming months, with the United States and the euro…
July 13, 2022 The tech firm wrongfully used duty exemptions for items imported for use in mobile phone production, said India’s Directorate of Revenue Intelligence Chinese smartphone manufacturer Oppo evaded $551 million worth of Indian customs duty, a government statement said on Wednesday. A probe by India’s Directorate of Revenue Intelligence found that the smartphone maker wrongfully…
As of Sunday, the China-Laos Railway has handled over 2.25 million passenger trips and transported 1.31 million tons of cargo since its launch in December, official data showed. Trains on the railway have provided a safe, comfortable and convenient means of inter-city transport for residents along the route, while passenger trips have seen strong…
Imported supplies such as vegetables, fruit, milk, milk powder and beef have been quickly cleared and transferred during the ongoing COVID-19 resurgence in Shanghai, according to Shanghai Customs. A cargo of pumpkins from New Zealand, weighing 25.6 tons, passed through customs smoothly at Waigaoqiao port area after quarantine inspection on March 29. In addition, the…
Both exports and imports grew for the Lion City for February 2022, according to the latest data from Enterprise Singapore. Total exports increased by 22.3%, following the previous month’s 22.1% growth. Total imports grew by 19.6%, following the 28.2% expansion in January 2022. On a seasonally-adjusted basis, the level of total trade reached $109b in…
Dao Thi Boi, 40, was found guilty of importing a scheduled species without a permit She had not taken all reasonable precautions or exercised all due diligence before helping her client with his shipment in 2018, a judge found The shipment was found to contain almost 1,800 pieces of elephant ivory She will return to…
Summary Oct exports +27.1% yr/yr vs +24.5% forecast, +28.1% in Sept Oct imports +20.6% yr/yr vs +25.0% forecast, +17.6% in Sept Oct trade surplus at $84.54 bln, vs $65.55 bln forecast China’s export growth slowed in October but beat forecasts, helped by booming global demand ahead of winter holiday seasons, an easing power crunch and…
BEIJING :China’s customs authorities said on Tuesday they will accept import applications for Brazilian beef that has been granted a sanitary certificate prior to Sept. 4, potentially allowing for cargoes of beef stuck at Chinese ports to finally clear customs. Brazil had suspended exports of beef to China on Sept. 4 after detecting two cases…
‘Too many approvals for customs clearance a barrier to trade’ According to country’s first Bangladesh Business Climate Index Approvals from some 39 government agencies are required for customs clearance of any product at Chattogram port, which is a major barrier to trade, according to the Bangladesh Business Climate Index (BBX). And the port faces severe…
7 May 2021 – In India, there has been a clampdown on Chinese companies since last year. Huawei is one of the first companies to be hit with the hammer. Subsequently, several Chinese apps have been banned in India. Even popular apps like Tencent (PUBG Mobile) and TikTok are currently not usable in India. Now, another ban…
