02 August 2021 – Legal experts lay out the best compliance practices for importers of record. The U.S. Customs & Border Protection has had quite a year, with the USMCA replacing NAFTA, COVID upending its operations and intense scrutiny for immigration policies at the U.S. border. Last spring, President Joe Biden announced his intent to…
22 June 2021 – The Ministry of Commerce expects the Regional Comprehensive Economic Partnership (RCEP) agreement – signed by Cambodia and 14 other countries in November – to enter into force on January 1. Ratification of the trade deal is expected to open up more new markets as well as upgrade the Kingdom’s value chains…
15 June 2021 – The UK & Australia agree broad terms for a trade deal On Tuesday June 15th, the United Kingdom and Australia have agreed the broad terms for a trade deal between the two countries. The deal seeks to eliminate tariffs on goods but with a 15 year transitional period. The liberalisation of…
14 June 2021 – The EU, together with the UK, was India’s largest vacation spot (as a bloc) in FY20, with a 17% share within the nation’s general exports. Importantly, the UK accounted for 16% of India’s $53.7-billion exports to the EU in FY20. As India and the European Union (EU) put together to resume…
9 April 2021 – Singapore ratified the Regional Comprehensive Economic Partnership (RCEP) agreement on Friday (Apr 9), becoming the first participating country to do so, the Ministry of Trade and Industry (MTI) said in a press release. The RCEP is the world’s largest free trade agreement, bringing together the 10 ASEAN economies as well as Australia,…
22 March 2021 – Chinese companies have imported 247.14 billion yuan ($37.95 billion) worth of goods from New Zealand that benefited from tariff concessions following the implementation of the China-New Zealand Free Trade Agreement (FTA) in October 2008, China’s General Administration of Customs said on Monday. China’s imports of New Zealand-origin goods that received tariff…
17 March 2021 – A reduction in BCD, it said, will adversely affect Indian Made Foreign Liquor (IMFL) brands since imports already dominate the Indian alcoholic beverages market. Amid reports of the UK seeking massive tariff concessions on imports of scotch whiskey during ongoing free trade agreement (FTA) negotiations, liquor sector association Confederation of Indian…
16 March 2021 – SEOUL South Korea on Tuesday said it will open new facilities overseas to help exporters better capitalize on free trade agreements (FTA) amid the coronavirus pandemic. Under the plan, the country plans to spend 11.9 billion won (US$10.4 million) this year to open new FTA support centers in Southeast Asia and…
15 March 2021 – India told the countries objecting to the new regulations that the matter cannot be raised at WTO and needs to be bilaterally discussed. (Photo: Bloomberg) India’s free trade partners have raised concerns at the World Trade Organization (WTO) that its insistence on additional documents to determine the origin of imported…
1 March 2021 – In an effort to reduce China’s influence in ASEAN’s third-largest economy, the Modi government is planning to make rapid inroads in the Philippines. New Delhi: India is making rapid inroads in the Philippines by establishing long-term trade and economic ties even as it plans to have a preferential trade agreement (PTA) with…
