S’pore key exports surprise with smaller drop in March but economists see slump dragging on

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…

UK hands over national trade repository to Vietnam

  Hanoi (VNA) – The British Government handed over the Vietnam national trade repository (VNTR) to the Vietnamese side at a ceremony on July 13. The project was launched in 2020 under a letter of intention signed by the Vietnamese Ministry of Industry and Trade (MoIT) and the British Department of International Trade, in which the British side provided technical assistance for Vietnam.…

Singapore raises 2021 trade forecasts again as exports grow 9% in Q3

  SINGAPORE: Singapore raised its trade forecasts on Wednesday (Nov 24) amid a “better-than-expected” performance and robust global semiconductor demand in the third quarter of 2021. Higher oil prices also supported the oil trade and in turn total trade, Enterprise Singapore (ESG) said in its review. Non-oil domestic exports (NODX) could now grow by between…

Uzbekistan is the first beneficiary of the UK Enhanced GSP Scheme

On 22 November 2021 a press conference was held to inform the media of the benefits and opportunities of being admitted to the Enhanced Framework GSP. The event was organized by the British Embassy in Tashkent, in partnership with the Ministry of Investments and Foreign Trade of Uzbekistan. Kenan Poleo, Her Majesty’s Trade Commissioner to Eastern…

Customs: Counterfeit items to be destroyed

08 July 2021 – More people are getting caught breaking the law by trying to smuggle counterfeit items into Guam. Guam Customs and Quarantine Agency gave the media a look at the thousands of knockoff designer items that have been seized and are locked away at the Customs facility in Tiyan. On Tuesday, the agency…

EU-UK: A new relationship

28 June 2021 – The EU-UK Trade and Cooperation Agreement On 24 December 2020, the EU and the UK reached an agreement on the terms of their relationship following the UK’s withdrawal from the EU. The EU-UK Trade and Cooperation Agreement (TCA) formally entered into force on 1 May 2021 and provides for zero tariffs and zero…

EU Modernized VAT Regime: Express Logistics and Transportation Companies Get Prepared

23 June 2021 – The EU is introducing new rules on VAT applied to cross-border e-commerce sales on July 1, 2021. Marius Penninks of FedEx explains the new system and discusses what preparedness looks like for express logistics and transportation companies and their customers. On July 1, 2021, as one of the priorities under the Digital…