U.S. to delay UK trade deal over post-Brexit concern – FT

WASHINGTON, Dec 1 (Reuters) – The United States will delay its deal to remove tariffs on UK steel and aluminum because of concerns about post-Brexit trade rules affecting Northern Ireland, the Financial Times reported on Wednesday. The administration of former U.S. President Donald Trump imposed 25% and 10% tariffs on steel and aluminum imports on…

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TNETS v4.1

TNETS v4.1 by TNETS GlobalRevolutionizing customs declaration processing in Singapore with TNETS v4.1Text on the buttonTNETS v4.1Introduction TNETS v4.1 is the cutting-edge customs declaration processing application that brings efficiency and simplicity to the complex world of international trade in Singapore. Our innovative solution combines manual entry capabilities with seamless integration with Enterprise Resource Planning (ERP)…

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Single customs broker model

Streamline Your Customs Processes: The Benefits of Using TNETS Global as Your Single Independent Customs Broker

Introduction: Efficient customs processing is critical for businesses engaged in international trade. Customs declarations, documentation, and compliance requirements can be complex and time-consuming. Many businesses traditionally rely on multiple freight forwarders to handle their customs declarations, which can lead to fragmented processes and increased risk of errors or delays. However, there is a better way.…

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The Significance and Detailed Process of Selecting the Correct HS Code for Cross-Border Shipments

Introduction   Cross-border trade has witnessed remarkable growth in recent years, with businesses increasingly expanding their operations to international markets. Among the various factors that contribute to successful cross-border shipments, the accurate classification of goods holds paramount importance.   The Harmonized System (HS) code, a universally accepted system for classifying goods, plays a crucial role…

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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…

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China Smartphone Maker Oppo Evaded $551m in Tax, Says India

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…

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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.…

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China-Laos Railway sees brisk passenger, cargo transport over inaugural 4 months

  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…

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Customs steps up to ensure quick clearance of imports

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…

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