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.…
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…
There could be upwards of 100 million customs declarations not made post-implementation, according to head of international trade and customs at Fujitsu, Frank Dunsmuir. Fujitsu hosts the CHIEF customs declaration system. He told The Loadstar that “easily around £30bn” of VAT had been lost due to HMRC’s six-month (175-day) delay on declarations for goods imported between 1…
MIAMI (AP) — Sanctions on Russia are starting to wreak havoc on global trade, with potentially devastating consequences for energy and grain importers while also generating ripple effects across a world still struggling with pandemic-induced supply chain disruptions. Since Russia’s invasion of Ukraine, hundreds of tankers and bulk carriers have been diverted away from the Black Sea, while…
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 :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…
21 September 2021 – A recent export enforcement case describes a common compliance challenge faced by many U.S. companies. In this case,[1] a California company manufactured electronic test and measurement equipment for both commercial and government customers. The company failed to identify that one of its software products was listed on the U.S. Munitions List and…
21 September 2021 – U.S. Customs and Border Protection has found that a group of cabinet importers is evading antidumping and countervailing duty orders on Chinese products by transshipping them through Malaysia. The story begins in April 2020, when the Kitchen Cabinet Manufacturers Association won one of the largest anti-dumping cases ever brought against China. The ITC unanimously found…
20 September 2021 – China is the joint number one territory that Britain imports from, accounting for 12% of imports. Here is what you need to do if you want to import from China For the UK, the desire to import goods from China is vast. China was the joint-first biggest single country that the…
20 September 2021 – It is UK government “unreadiness” that is the source of further delays to Brexit customs procedure implementation, while associations, brokers, forwarders, ports, and retailers are “ready”. Last week the UK government announced that it would further delay the implementation of export health certificates, phytosanitary (SPS) certificates and safety and security declarations…
