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China and Costa Rica Customs Implement Mutual Recognition of Authorized Economic Operator (AEO)

2024-08-20

In January 2023, the customs of China and Costa Rica signed the Arrangement between the General Administration of Customs of the Peoples Republic of China and the Customs Administration of the Republic of Costa Rica on the Mutual Recognition of the Enterprise Credit Management System of the Chinese Customs and the Authorized Economic Operator System of the Costa Rican Customs (hereinafter referred to as the Mutual Recognition Arrangement), and decided to officially implement it from July 1, 2023.

Customs of China and Costa Rica Implement Mutual Recognition of Authorized Economic Operator (AEO) | Shanghai Import/Export Agent

2024-08-20

PIL (Pacific International Lines) recently announced the launch of a new weekly direct service KCS from China and South Korea to Southeast Asia, connecting the major ports of China, South Korea, the Strait of Malacca, and Vietnam. The new service links 9 major ports in China, South Korea, Singapore, Malaysia, and Vietnam.

Strategies and Impacts of Chinas Export Control on Antimony and Superhard Materials

2024-08-20

The Ministry of Commerce of China and the General Administration of Customs announced that from September 15, 2024, export controls will be imposed on antimony and super - hard materials. The aim is to balance national security and the stability of the global supply chain. At the same time, it is in line with international practices and is of great significance for the short - term impact on the global industrial chain and the long - term standardized development of the industry.

MSC takes the lead in announcing the collection of a low - water - level surcharge, and the European inland transportation industry faces challenges.

2024-08-19

Due to the rapid decline in the water level along the Rhine River, barge operators have started to levy a Low Water Surcharge (LWS). MSC took the lead in announcing that after the water level of the Rhine River dropped below 150 cm, it would pass on the LWS levied by its barge operator partners for services to and from Antwerp and Rotterdam to customers.

Global Trade Trends: Decrease in Containers from Asia to the US, and European Shipping Lanes Face Transportation Disruptions

2024-08-19

Global Trade Dynamics: Container shipments from Asia to the U.S. decline, European shipping routes face disruptions, and the Shanghai Shipping Exchange releases the latest Shanghai Containerized Freight Index (SCFI). After falling below 1,000 points last week, the index dropped another 45.54 points this week to 934.31, a decline of 4.64%. All four major ocean routes declined, with freight rates from the Far East to the U.S. West and East Coasts dropping by over 13%, showing significant declines.

The United States Will Implement a New Mandatory Safety Standard for Infant Cribs

2024-08-19

On May 9, 2023, the U.S. Consumer Product Safety Commission (CPSC) issued a final rule notification regarding updates to the safety standards for bedside cribs. According to the new rule, CPSC will adopt the updated ASTM F2906-23 standard by the American Society for Testing and Materials as the latest mandatory safety standard for bedside cribs. The new rule is expected to take effect on August 5, 2023.

Chinas Cross-Border E-Commerce Imports and Exports Exceed 2 Trillion Yuan, Boosting New Developments in Global Trade

2024-08-19

At the International Cross-Border E-Commerce Development Forum of the 40th China Langfang International Economic and Trade Fair, Lü Daliang, spokesperson of the General Administration of Customs and Director of the Department of Statistical Analysis, revealed a new milestone for Chinas cross-border e-commerce. In 2022, Chinas cross-border e-commerce import and export scale exceeded 2 trillion yuan for the first time, a 7.1% increase from 2021, injecting new momentum into Chinas foreign trade development.

Panama Canal Faces Worst Drought in 70 Years, International Logistics Costs May Rise

2024-08-19

The worst drought in 70 years is affecting the Panama Canal. To cope with the continuous decline in water levels, the management has had to impose stricter restrictions on vessel draft and reduce the number of ships passing through. This situation has raised concerns among industry professionals, as international logistics costs may rise as a result.

Announcement of the Certification and Accreditation Administration on the Designation Results of Compulsory 3C Certification Laboratories for Lithium - ion Battery Products | Shanghai Import/Export Agent

2024-08-19

Vietnam, as a new global manufacturing hub, is experiencing an energy crisis triggered by the El Ni?o phenomenon. The surge in electricity demand due to high temperatures and reduced power supply has led to electricity shortages in the northern regions. Industrial parks and manufacturing plants housing major companies like Samsung, Foxconn, and Canon have been forced to implement measures such as reducing peak-hour electricity usage and rotating power outages.

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