top line
The mainland suspended imports of 2,066 items of Taiwan food
The General Administration of Customs announced on the evening of August 1 that some Taiwan manufacturers violated relevant regulations and urgently stopped importing them. Taiwan media said on August 2 that the mainland has suspended imports of more than 2,066 Taiwan food items from more than 100 businesses, up to 64 percent of the total number of items registered by Taiwan enterprises, including aquatic products, health care products, tea, biscuits, biscuits and drinks, among which the proportion of aquatic products being banned is the highest, with 781 items. Statistics show that there are no lack of well-known companies in these companies, including Weg Cake Home, Guo Yuanyi Food, Weili food, flavor whole food and Taishan enterprises.
On August 3, the Department of Animal and Plant Quarantine of the General Administration of Customs and the Administration of Import and Export Food Safety issued a notice on the issue of suspending the importation of citrus fruits, frozen white hairtail and frozen bamboo pods into the mainland in Taiwan. Taiwan media reported that 86 percent of the citrus fruits from Taiwan were exported to the mainland last year, while 100 percent of the fresh or refrigerated hairtail was exported to the mainland.
In addition, a spokesman of the Ministry of Commerce said that it had decided to suspend the export of natural sand to Taiwan in accordance with relevant laws and regulations. Relevant measures will take effect on August 3,2022.
The head of a large food factory in Taiwan, when questioned by a Taiwan media reporter, lamented, "The government itself wants this to make people suffer."Another Taiwan businessmen said in the interview that the industry group chat was a "gloomy". 2 Pin Terminal Block Connector, Amber Reflectors and Circular Connectors should be noted.
internal
Business in Yiwu has been blocked
On August 4, Yiwu issued a notice on its official weibo account on strengthening social control during the epidemic prevention and control period. The circular said that people outside the city are not necessary, and that city personnel are not necessary to leave, they need to have a green health code and a negative 24-hour nucleic acid test. In order to successfully implement the nucleic acid test for all staff, entering shopping malls, supermarkets, pharmacies, medical institutions and catering places, we need to strictly implement the "one scan and three checks" (scan the site code, health code, travel card, 48-hour nucleic acid test negative certificate). At the same time, the city's closed places are closed for business.
Yiwu is the main production and marketing place of the global Christmas goods market, accounting for more than 70%. August is the annual peak period of foreign trade delivery in Yiwu. According to the local merchants, the stall of the small commodity city is still in normal operation, and the delivery and logistics are both normal temporarily."Now many foreign merchants through video communication and live streaming orders and other online orders, try to make up for the shortcomings of offline procurement. We still hope that the epidemic will be over soon and the orders will be finished early.”
sea transportation
Dagang congestion hit the shipping season, some shipping companies levy the peak season surcharge
The impact of recent British port strikes extends to Europe, including major German container ports like Hamburg, Bremen Merhaven and William. Some time ago, the American port truck drivers went on strike, and the containers shipped from Asia to the United States could not be shipped away from the port in time, and the goods were seriously piled up in the port.
In addition to Europe and the United States, Asia is also deeply affected. Manila (Philippines) port recently blocked, a large number of ships stranded in the port. Data show that the maximum anchorage time of Manila ports this week is 150h, with an average anchorage time of 113 hours, and it continues to increase. The port is not smooth, resulting in the port utilization rate beyond the limit of the port tolerance range.
Affected by the overall environment, more and more docks are trying to solve the stranded container problem through various measures, and some shipping companies propose to impose surcharges in order to control costs.
Maersk imposes a peak season surcharge (PSS) on all goods from Chinese mainland, Hong Kong, China, Taiwan, China, Mongolia, Japan, North Korea, and South Korea, to Melbourne, Sydney, Brisbane, Australia. Of these, $750 per 20 foot containers, $1500 per 40 foot containers, and $1500 per 45 foot high containers.
MSC Mediterranean Shipping: Service interruption surcharge (SDS) starting from August 15. The application of all goods shipped from Asia to the northwest European continent (NWC) will be notified separately.
HMM, the largest Korean container shipping company, issued a notice to remind the customers to withdraw the imported containers as soon as possible during the free period to avoid these surcharges; otherwise, the additional surcharges imposed by the terminal will only be transferred to the customer.
Exporters should pay attention to the utilization rate of port ports and wharf yards so as to avoid unnecessary losses.
Vietnam
The textile and garment industry is worrying about a shortage of orders
On July 30, Vietnamese media vnexpress reported that after six months of strong recovery in the first half of the year, many Vietnamese factories began to lack orders in the second half, had to shorten production time, stop recruitment and reduce labor force, and some factories had to arrange for workers to take turns off work.
At the same time, in addition to the sharp drop in cotton prices, other raw materials prices in the garment industry are still continuing to rise, affected by transportation factors. Some distributors are stocking a backlog of goods, both backlog and facing falling sales. Producers also face difficulties with rising raw material prices in the context of falling purchasing power.
Fan Chunhong, president of the Ho Chi Minh City Textile, Garment, Embroidery and Knitting Association, said the textile and clothing industry may face many challenges as many customers delay the ordering of declining sales in America and Europe amid tensions and rising inflation in Russia and Ukraine.
Tran Viet Anh, vice chairman of the Ho Chi Minh City Business Association (HUBA), said that not only electronics, textile shoes, shoes and clothing, wood and steel production also face many difficulties due to the purchasing power of key markets. Usually the sales season starts in June, but this year is quite calm.
The People's Republic of Bangladesh
Chittagong detained 150 containers
Bangladesh Jida Customs recently seized five misdeclared containers with alcohol, and then detained 150 other containers in the yard, suspected to contain alcohol or other suspicious items. It is reported that the full cargo containers are mainly from China. Local officials said a group of criminals released customs containers by stealing their identity numbers and passwords and manually submitting forged documents.
Recent shipments of Bangladesh, please pay attention to the risk of delay.
Pakistan
Remove the ban on imports of non-necessities and luxury goods
On July 28, the Pakistani government lifted a ban on imports of non-essential goods and luxury goods, which began in May. Import restrictions on fully-assembled cars, mobile phones and home appliances will continue.
Total imports of banned goods fell by more than 69 percent to $399.4 million to $123.9 million, the Treasury ministry statement said. The ban has also impacted on supply chains and domestic retail sales.
On May 19, the Pakistani government announced a ban on imports of more than 30 non-essential and luxury goods, with the aim of stabilizing shrinking foreign exchange reserves and rising import bills.
Turkey
Raise import tariffs on some electric vehicles
Turkey issued a presidential order in a government communique on July 27, adding 10 percent additional tariffs on electric vehicles imported from non-customs unions or countries without free trade agreements, effective today. The price of electric vehicles imported from China, Japan, the United States, India, Canada and Vietnam will be increased by additional tariffs. Tariffs on electric vehicles imported from China and Japan were raised by 20 percent.
As a result, the price of the relevant electric cars will increase by at least 10 percent, and the Tesla Model3 made in Shanghai and sold to Turkey, industry insiders said, will also apply. Industry insiders noted that low-cost Chinese electric vehicles have occupied the market for years, and the measure could increase the competitiveness of Turkey's domestic TOGG electric vehicles in the future. The TOGG electric vehicle is expected to hit the road in March next year.
Argentina
Make a preliminary anti-dumping ruling on China vacuum cleaner
On August 2nd, 2022, Argentina's Ministry of Production and Development issued Notice No.598 / 2022, dated 29 July 2022, For vacuum cleaners from China (Spanish: Aspiradoras, con motor electrico incorporado, de potencia inferior o igual a 2.500 W y de capacidad del deposito o bolsa para el polvo inferior o igual a 35 l, excepto aquellas capaces de funcionar sin fuente externa de energia y las disenadas para conectarse al sistema electrico de vehiculos automoviles) Make a preliminary positive anti-dumping determination, The preliminary ruling imposed provisional anti-dumping duties of FOB (FOB) of 78.51% on the products involved. The measures shall take effect from the date of the announcement and shall be valid for four months.
The products involved are vacuum cleaners with built-in motor with power less than 2500 watts, dust bag or container less than 35 liters, involving products under 8508.18.00 and 8508.19.00, excluding vacuum cleaners that can operate without external power supply and vacuum cleaners designed to connect the motor vehicle electrical system.
Brazil
Cut the tax on manufactured goods by 35%
Brazil's federal government has issued a decree to cut the tax on industrial goods (IPI) by 35 percent. The decree applies to more than 4,000 products produced in other areas outside of the Manaus Free Trade Area, including household appliances, motorcycles, shoes, and computers.
On February 25, the Brazilian government issued an order to cut the industrial products tax by 25 percent, ending on April 30. On April 29, the Brazilian government issued another decree in its official communique, increasing the tax cut on industrial products from 25 percent to 35 percent. The decree will take effect on May 1st.
This is the third time this year that the Pakistani government has cut taxes on manufactured goods, aiming to promote reindustrialization.
Post time: Aug-05-2022