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Overseas market

  • Australia's new regulations will affect Thailand's export of hundreds of billions of pickup trucks

    According to Thailand China Network reported on June, Australia's new environmental protection regulations will have an impact on Thailand's fuel pickup truck exports worth 230 billion baht. At the moment when new energy vehicles in Thailand usher in the development of leaps and bounds, Thailand's export-oriented traditional fuel vehicles have received bad news. In order to reduce greenhouse gas emissions, the Australian government announced the implementation of new vehicle efficiency standards from January 1, 2025, which is a major blow to Thailand's annual revenue of 1.3 to 1.4 trillion baht auto export industry. Under the New Zealand Standard, greenhouse gas emissions from cars and electric vehicles will not exceed 141 g/km, falling to 58 g/km by 2029.

    Source: Economic and Commercial Office, Embassy of the Kingdom of Thailand 2024-06-13
  • South Korea's chip exports continued to rebound in May, up 54.5% year-on-year

    Driven by strong exports of semiconductors and automobiles, South Korea's exports rose 11.7 percent year on year to $58.2 billion in May, a 22-month high, while imports fell 2 percent year on year to $53.2 billion, and the trade surplus rose to $4.96 billion, the largest trade surplus since December 2020. Undergun, South Korea's minister of Industry, Trade and resources, said that since the second half of last year, exports have been leading economic growth and are building strong growth momentum. In May, South Korea's chip exports rose 54.5 per cent from a year earlier, display exports rose 15.8 per cent and exports of solid-state drives for computers rose 48.4 per cent.

    Source: Aiji micro website 2024-06-04
  • Why don't 90% of Japanese want to buy an electric car

    Returning home for a business trip a few days ago, I found that Shanghai is full of electric vehicles, many cars do not know what brand, and I feel that China has fully entered the "electric vehicle era", far ahead of Japan. According to the statistical report published by the China Association of Automobile Manufacturers, in 2023, China sold a total of 30.9 million cars, an increase of 12% over 2022, breaking through the 30 million mark for the first time, ranking first in the world for 15 consecutive years. Among them, the sales of pure electric vehicles (EVs) were 6.68 million units, an increase of 24.6 percent year-on-year.

    Source: Asian News Agency 2024-05-27
  • German media: In the face of Chinese electric vehicles, Europe's six major considerations

    German "Focus" weekly article on May 17, the original title: China's electric cars are piling up in German ports - what is waiting for us now The United States has asked for high punitive tariffs on Chinese electric cars, but the EU has not yet decided. Here are six practical considerations facing Europe. 1. The European Union has moved more cautiously than the United States because it has benefited more from open auto trade. The European Union is currently reviewing whether to impose tariffs on Chinese electric cars, which many politicians have spoken out against. This claim can be explained by the EU's trade relationship with China in terms of cars: Volkswagen is second in China in terms of sales, while BMW is second in terms of sales

    Source: Global Times 2024-05-23
  • The import restrictions caused congestion at Indonesian ports, stranding 4,000 types of goods and 26,000 containers

    Import restrictions have left ports across Indonesia clogged with thousands of containers over the past two months. The local government announced a relaxation of some measures to ease congestion. The Indonesian government on Friday announced the easing of import restrictions on seven categories of products, including electronics, footwear, clothing, accessories, cosmetics and household products, leather bags and valve devices.

    Source: Shipping Network 2024-05-21
  • The UK has passed the Self-driving Car Bill to pave the way for the first driverless cars by 2026

    The Automated Vehicles Act (AV), the UK's self-described "world-leading" regulation of autonomous vehicles, came into force after it received royal assent.

    Source: Sina Finance 2024-05-21
  • Israel will scrap its free trade agreement with Turkey and impose a 100% tariff on its imports

    According to CCTV news, Israeli Finance Minister Smiterich issued a statement on May 16, saying that Israel will scrap the free trade agreement with Turkey and impose a 100% tariff on goods imported from Turkey. The Israeli side will remove all tariff reductions on goods imported from Turkey to Israel under the FTA, in addition to the existing tariff rates, an additional duty of 100 percent of the value of these goods will be imposed. The Ministry of Finance, the Ministry of Economy, the Ministry of Foreign Affairs and other relevant ministries will seek alternatives to reduce the dependence of the Israeli economy on Turkey and diversify the sources of imports of goods. The statement said the decision was suspended in response to Turkey's decision

    Source: External market 2024-05-20
  • Japan: Semiconductor and quantum products will be included in the scope of export control

    Japan's Ministry of Economy, Trade and Industry made an important decision on April 26, announcing that four technology categories related to semiconductors and quantum were officially included in the scope of export controls. This means that when these technology categories are exported to all countries and regions, they need to obtain official permission in advance. Behind this decision is the Japanese government's revision of the relevant regulations of the Foreign Exchange and Foreign Trade Act. The change is currently in the public comment phase, and once it is completed, the relevant regulations will be officially published and are expected to take effect as early as July.

    Source: Shipping Network 2024-04-29
  • Egypt will set up a free zone to develop the yacht industry

    Cairo, April 19 (Xinhua) -- The Egyptian government agreed on the 18th local time to establish a free zone for the manufacture, maintenance and export of yachts and maritime equipment, according to the Egyptian newspaper Al-Ahram. According to the cabinet statement, the free zone, which will be owned by the Suez Canal Modern Shipping Company, will cover an area of 51,150 square meters south of the town of Safaga on the Red Sea coast.

    Source: China News Network 2024-04-24
  • Turkey launched anti-dumping sunset review investigation on China-related storage water heaters

    On April 5, 2024, the Ministry of Trade of Turkey issued Notice No. 2020/13, stating that, at the request of domestic producers in Turkey, storage electric water heaters originating in China, Italy and Serbia (Turkish: Termosifon-Elektrikli,Depolu Su Is hsi t hsi c hsi) initiated the second sunset review investigation of anti-dumping, and the Turkish tax code of the product involved is 8516.10.80.00.19. The existing anti-dumping duties shall remain in force during the investigation of the case. The announcement shall take effect as of the date of promulgation. Interested parties should submit questionnaires, case comments and evidentiary materials within 37 days from the date of the announcement.

    Source: China Trade Remedy Information Network 2024-04-22