26 February 2021 – If your organization imports or exports goods, you’re going to be reliant on logistics firms, freight forwarders and delivery companies. When you need raw materials to be dispatched from overseas, for example, your entire operation could be brought to a standstill if there are any delays. Similarly, if you’re shipping a high volume…
Details22 February 2021 – Kuehne+Nagel (K+N) has entered into a binding agreement to acquire Apex International Corporation as it looks to expand its presence in Asia. Terms of the deal were not disclosed, but Reuters quotes people familiar with the matter as stating that the transaction is valued at around $1.5bn-$2bn. The deal is the largest…
Details16 February 2021 – SINGAPORE – Low-value goods bought online and imported by air or post will be subject to the goods and services tax (GST) from Jan 1, 2023. GST will also be extended to imported non-digital services for consumers, such as those involving live interactions with overseas providers of fitness training, counselling and tele-medicine. This…
Details10 February 2021 – New Zealand authorities announced Wednesday that it has asked for urgent clarification from China after Beijing halted seafood imports from the South Pacific island nation earlier this week, the South China Morning Post (SCMP) reports. This comes after China Customs conducted audits at New Zealand’s two seafood factories, as the Chinese shoppers…
Details10 February 2021 – Popular online marketplace Taobao is likely the answer to almost all shopping needs for many Singaporeans. While merchants offer direct shipping to the doorstep, local freight forwarding companies are often the preferred shipping option due to their lower costs, and risk-free delivery. However, local freight forwarder, Oops Singapore, recently encountered an…
Details4 February 2021 – As the Covid-19 pandemic continues to develop globally, China repeatedly reported the discovery of Covid-19 virus in imported frozen food packaging and has strengthened testing for this matter. As a result, large volumes of fruits and other cargoes are stranded in Dalian Port, putting more pressure on the shortage of refrigerated…
Details2 February 2021 – The coup in Myanmar is expected to dampen the interest of companies from the United States and other Western countries in investing in the Southeast Asian nation, and may prompt some big American companies to pull out, trade experts and analysts say. The total trade in goods between Myanmar and the…
Details26 January 2021 – Finance minister Nirmala Sitharaman will unveil the Budget for 2021-22 on February 1. The government is expected to announce measures such as extending the facility of bulk clearance for e-commerce imports and exports with a view to promoting the growth of this fast-growing segment, sources said. They said that as there…
Details26 January 2021 – Since 1 January 2021, businesses in the UK have had to consider imports and exports in a new way. Customs procedures apply to England, Wales and Scotland when it comes to trade with European Union (EU) countries, and when moving goods to Northern Ireland too. And the way VAT is accounted…
Details18 January 2021 – Government officials have raised queries with the European Commission about post-Brexit “rules of origin” restrictions that are disrupting supply chains of foods and other products coming from mainland Europe to Ireland. Rules of origin are designed to prevent a UK company buying cheap products from a non-EU country and repackaging and rebranding them and then selling them…
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