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The US Supply Chain Crisis Worsens: Double Blow of Truck Driver Shortage and Port Strike
Recently, the pressure from the US supply chain crisis has further intensified. On one hand, nearly 130,000 US truck drivers have been banned from driving due to drugged driving, with a significant portion of those who failed the test not participating in return-to-work programs, resulting in continued severe driver shortages in the trucking industry. On the other hand, a new round of strike actions by West Coast port workers has disrupted cargo operations at major US West Coast ports, with some ports even closed due to the strikes.
Analysis of New Regulations and Standards for Export Supervision Warehouses
Recently, the General Administration of Customs issued the Decision on Amending Some Rules (Order No. 263 of the General Administration of Customs), making a series of amendments to the Measures of the Customs of the Peoples Republic of China for the Administration of Export Supervision Warehouses and the Goods Stored Therein (issued by Order No. 133 of the General Administration of Customs, and amended in accordance with Orders No. 227, 235, 240, and 243 of the General Administration of Customs). These amendments came into effect on July 1, 2023. To help enterprises better understand and adapt to these changes, we have carried out a detailed interpretation of these amendments.
EU Releases Tariff Reform Proposal, Plans to Abolish Tax-Free Policy for Imported Goods Below €150
On May 17, 2023, local time Wednesday, the European Commission officially released the proposal titled EU Customs Reform: A Data-Driven Vision for a Simpler, Smarter, and Safer Customs Union, marking the most comprehensive reform of the EU Customs Union since its establishment in 1968.
CBAM and Chinese Export Enterprises: Challenges and Opportunities in Responding to Carbon Tariffs
CBAM is referred to as a carbon tariff in the market, although strictly speaking, CBAM is not a tariff. However, this concept can be borrowed to understand and discuss CBAM. How should Chinese export enterprises view CBAM and adjust their low-carbon actions to address this challenge?
In April, the production and sales volume of new energy vehicles increased by 840% year - on - year.
Data shows that in April, Chinas automobile production and sales reached 2.133 million and 2.159 million units respectively, with year-on-year growth of 76.8% and 82.7%. Among them, passenger vehicle production and sales reached 1.778 million and 1.811 million units, with year-on-year growth of 78.5% and 87.7%.
South Korea Plans to Revise Safety Standards for Recycling Used Lithium - ion Batteries
The Korea National Institute of Technology Standards issued Announcement No. 2023 - 0114, proposing to revise the Safety Standard for Electrical Products KC 10031 and establish safety standards for recycled lithium - ion batteries. This revision applies to secondary batteries and cells containing alkaline or other non - acidic electrolytes, and the products involved are electrical appliances and consumer products (recycled batteries).
Starting from June 1st, Shanghai Customs will pilot the issuance of a Combined Two - Certificate for imported automobiles and motorcycles.
It is reported that since June 1, 2023, for all automobiles and motorcycles declared for import through Shanghai Customs, after the imported vehicles have completed the release procedures and passed the inspection, a pilot issuance of a combined two - certificates Certificate will be carried out.
Vietnams Textile and Footwear Orders in the First Quarter of 2023 Decreased by 80%
In 2022, Vietnams economy grew by 8.02%, reaching a 25 - year high. However, in the first quarter of 2023, GDP only grew by 3.32% year - on - year, lower than market expectations.
Japan Expands the Scope of Export Controls, Adding 23 Categories of Semiconductor Manufacturing Equipment
According to the new regulations, Japan will expand the scope of export controls on chip manufacturing equipment, adding 23 categories of semiconductor manufacturing equipment and related technologies. This means Japanese exporters will need prior approval from the Minister of Economy, Trade, and Industry to export these equipment and technologies. Additionally, export license applications for chip manufacturing equipment to other countries and regions, including China, will become stricter and more complex, as detailed below:
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Complete Guide to Machinery Equipment Export: How to Ensure Smooth Customs Clearance and Compliance with International Standards?
How to Ensure Smooth Export of Mechanical Equipment and Compliance with International Standards? A Detailed Breakdown of Each Step from HS Code Determination to Customs Declaration, Transportation, and Insurance, Helping Businesses Mitigate Risks and Ensure Smooth Entry of Equipment into the International Market.
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