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Mainland suspends tariff exemption policy for some agricultural products from Taiwan

2024-09-20

According to a September 18 announcement on the Ministry of Finance website, the Customs Tariff Commission of the State Council has decided to terminate the import tariff exemption policy for 34 agricultural products originating from Taiwan, including fresh fruits, vegetables, and aquatic products, effective September 25, 2024. Import tariffs for these products will be implemented in accordance with current regulations.

Maersk adjusts peak season surcharges affecting multiple African routes

2024-09-20

Recently, the globally renowned shipping company Maersk announced a series of adjustments to its Peak Season Surcharge (PSS) on its official website, effective from October 1, 2024. These adjustments primarily affect routes from mainland China and Hong Kong to multiple African countries, drawing widespread attention in the industry.

China implements 100% zero - tariff for the least developed countries, deepening economic and trade cooperation between China and Africa

2024-09-20

Chinas Customs Tariff Commission announced zero-tariff treatment for all products from least-developed countries (LDCs) with diplomatic ties to China, effective December 1, 2024, to expand openness, foster shared development, and deepen China-Africa trade cooperation.

Chinas home appliance exports from January to August 2024 increased by 14.7% year - on - year, showing strong performance

2024-09-19

Data from Chinas General Administration of Customs shows that from January to August 2024, Chinas household appliance exports grew by 14.7% year-on-year, driven by restocking demand in overseas markets and the globalization strategies of Chinese companies. Despite global economic headwinds, appliance exports remained robust.

Many Positive Developments in Chinas Foreign Trade Field

2024-09-18

China imported mutton from Madagascar in Africa for the first time. Chinese small household appliances are popular in the South Korean market. China launched an anti - dumping investigation into Canadian rapeseed. The trade volume between China and the Caribbean region has increased tenfold in 20 years, demonstrating Chinas active role and influence in global trade.

Norwegian Prime Minister Says No Sanctions on Chinese Electric Vehicles

2024-09-14

Norwegian Prime Minister Jonas Gahr St?re clearly stated during an event in Shanghai that Norway will not unilaterally impose sanctions on Chinese electric vehicles, emphasizing that Norway does not have a common trade policy with the EU and will not participate in unilateral actions. At the same time, he mentioned that China should respond to the EUs concerns.

In the first eight months of 2024, Chinas goods trade increased by 6%, reaching 28.58 trillion yuan.

2024-09-13

Data from the General Administration of Customs of China shows that in the first eight months of 2024, Chinas total value of goods imports and exports increased by 6% year - on - year, with exports increasing by 6.9% and imports increasing by 4.7%. The trade surplus expanded by 13.6%, and the export of mechanical and electrical products accounted for nearly 60%. The trade structure continued to be optimized.

The EU is considering lowering the proposed additional tariffs on imported electric vehicles from China.

2024-09-11

The EU is preparing to slightly reduce the additional tariffs on electric vehicles imported from China. The tax rate for Tesla electric vehicles will be reduced from 9% to slightly less than 8%. The final tariff will be voted on by member states before November. Previously, the Chinese Ministry of Commerce expressed opposition to the EUs final ruling disclosure.

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