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…
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: 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…
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…
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…
BEIJING :Saudi Arabia held its position as the biggest supplier of crude oil to China for an 11th month in a row in October, with volumes up 19.5per cent from a year ago, customs data showed on Sunday. Saudi oil arrivals totalled 7.1 million tonnes, or 1.67 million barrels per day (bpd), data from the…
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…
28 June 2021 – CAIRO : A new project to establish a dry port and logistics center in the 10th of Ramadan City will be put up for grabs on Tuesday, Finance Minister Mohamed Maait has said. The port and center, to be built over 250 feddans, are meant to maximize the contribution of the…
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…
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…
