China will not cancel its phase one trade deal with the United States despite fresh tariff threats by US President Donald Trump, analysts say, but it may seek to postpone its commitments amid the global economic slowdown. Trump linked US-China trade war politics to accusations that China had covered up and mismanaged the outbreak of Covid-19,…
DetailsThe Customs bureau said on May 6, Wednesday, that it “will implement more Information and Communications Technology projects that will speed up trade, strengthen border security and protect government revenues” as the country grapples against the pandemic. The bureau bared that preparations to improve various ICT projects under its modernization goal are underway. Currently, the…
DetailsThe General Administration of Abu Dhabi Customs rolled out an economic stimulus package to offset the impact of the coronavirus on businesses who use the emirate’s ports for imports or as a transit gateway. The new incentives include the postponement of customs duties for 90 days for importers through facilities accounts and the acceptance of…
DetailsHÀ NỘI — Prime Minister Nguyễn Xuân Phúc has decided to allow non-essential service establishments, except for clubs and karaoke bars, to resume operations but they have to maintain preventive measures against the COVID-19 pandemic. The decision was made at a meeting on COVID-19 prevention and control in Hà Nội on Thursday after three weeks…
DetailsLogistics firm CEVA has launched a truck-rail-truck operation between China and Southeast Asia in response to airfreight capacity shortages in the region. CEVA said China and the Southeast Asia region are facing flight suspensions and reductions, space limits and operational restrictions in addition to long waits at border crossings due to the Covid-19 pandemic. It…
DetailsGovernor of Russia’s Astrakhan Region Igor Babushkin tasked the participants of the regional working group for development of the International North-South Transport Corridor (INSTC) project to send their proposals on its implementation to the Regional Ministry of Economic Development by May 15, Trend reports referring to Russian media outlets. He noted that the development of…
DetailsSeventy to 80 reefer containers of bananas have been piled up at Iran’s southern ports but the Central Bank of Iran failed to allocate foreign currency needed to start their customs clearance, the head of National Union of Agricultural Products said on Friday. “The duration of contracts on banana imports is one year; importers sign…
DetailsLANDI KOTAL: Slow process of customs clearance of trade goods to Afghanistan at Torkham coupled with arrival of hundreds of more loaded vehicles from Karachi have compounded the traffic management, policing and security related issues both at the border crossing and on Peshawar-Torkham Highway since reopening of the border for trade activities on May 1.…
DetailsLABUAN, May 10 — The Labuan Chinese Chamber of Commerce (LCCC) has appealed to the Royal Malaysian Customs Department to expedite the release of containers worth millions of ringgit still held up at the Labuan Liberty Wharf since February this year. Its president Datuk Wong Kii Yii said if the issue remains unresolved, all five…
DetailsHÀ NỘI — The Ministry of Industry and Trade said that the most important priority at present was to maintain the operation of domestic industrial enterprises during the novel coronavirus (COVID-19) pandemic. The pandemic has caused a lot of difficulties for enterprises in Việt Nam, especially industrial enterprises. If an enterprise is closed due the pandemic, its workers…
Details
