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Overseas market

  • 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
  • Global demand for semiconductors is booming

    Recently, according to the latest data released by the National Statistics Bureau of South Korea, South Korea's semiconductor production surged 65.3% in February, setting a record since 2009. South Korea's semiconductor inventory fell for the second consecutive month, decreasing by 16.2%, further confirming the strong market demand; Semiconductor shipments also saw a 59% increase, down slightly from 62.7% in January. In addition, South Korea's trade ministry said that South Korea's semiconductor chip exports in March were $11.7 billion, up 35.7% from a year earlier, the highest for a single month since March 2022.

    Source: International Business Daily 2024-04-12
  • Global demand for science and technology continues to recover

    The latest data show that South Korea's chip exports have increased for many months in a row, to some extent reflecting the continued recovery in global demand for technology products.

    Source: Economic Information Daily 2024-04-02
  • Foreign media: Can not find an alternative, it is recommended to suspend sanctions against Chinese enterprises!

    In addition to the rampant manipulation of human rights issues, trade protectionism in Europe is also showing signs of rising. Last October, the European Union launched an "anti-subsidy investigation" into Chinese electric vehicles. Last month, the EU launched an "anti-subsidy investigation" into CRRC. In early March, the EU asked customs to register the import of electric vehicles from China.

    Source: Global Wisdom foreign trade information 2024-03-25
  • India decided to continue to impose anti-dumping duties on Chinese aluminum alloy wheels

    On 15 March 2024, the Department of Revenue of the Ministry of Finance issued Circular No. 07/2024-Customs(ADD), Accepting the final recommendation of the second anti-dumping sunset review on Aluminium Alloy Road Wheels(ARW) originating in or imported from China made by the Ministry of Commerce and Industry of India on 6 January 2024, and deciding to continue to impose anti-dumping duties on the Chinese products involved for a period of five years, The tax is 0.23 ~ 1.71 US dollars/kg, of which the manufacturer involved, Zhejiang Shuguang Industrial Co., Ltd. is 0.23 US dollars/kg, and Zhejiang Jinfei Kaida wheel hub shares

    Source: China Trade Remedy Information Network 2024-03-25
  • Turkey made a final anti-circumvention ruling on the anti-dumping case of Chinese photovoltaic modules

    On March 19, 2024, the Ministry of Trade of Turkey issued Notice No. 2024/9, stating that the import of photovoltaic modules originating in China (Turkish: bir modul halinde birle to tirilmi to veya panolarda duzenlenmi to fotovoltaik hucreler) anti-dumping final anti-circumvention ruling, Ruled that China's products in question were exported to Turkey via Vietnam, Malaysia, Thailand, Croatia and Jordan in order to circumvent anti-dumping duties, and decided to apply the anti-dumping duties determined by the Sunset review of the case (see Turkey Announcement No. 2023/26) to the products in question in Vietnam, Malaysia, Thailand, Croatia and Jordan

    Source: China Trade Remedy Information Network 2024-03-22
  • South Korea wants to take advantage of trade union's challenge to China's shipbuilding industry

    "South Korean shipbuilders are seen as beneficiaries of the US-China trade war." The "Korea Times" reported on the 17th that the Korean shipbuilding industry said on the same day that as the shipbuilding industry has become a "new battlefield" in the strategic competition between the United States and China, they are increasingly cautiously optimistic that the Korean shipbuilding industry can increase its overall share in the global market. On March 12 local time, five major labor unions, including the United Steelworkers (USW), filed a petition formally asking the Biden administration to launch a trade investigation into China's "unreasonable and discriminatory" practices in the maritime, logistics and shipbuilding industries. The petition urges the government to clamp down on Chinese ships calling at US ports

    Source: Global Times 2024-03-20
  • India opens tariff door! To capture this important market

    As one of the largest emerging car markets, India is a huge attraction for global car companies. Large population, large market base, low per capita car ownership... This is why international car companies are racing to enter the Indian market. But these car companies have to hold back because of India's high tariffs on imported cars. Less than $40,000 70%, more than $40,000 100%, not many car companies are willing to spend additional costs. After long negotiations, the Indian government has finally agreed to cut tariffs on electric vehicle imports by multinational companies, but only if they build local plants to produce electric vehicles. Down to 15% with an election coming up

    Source: Global Wisdom foreign trade information 2024-03-20