The International Longshoremens Association (ILA) has failed to reach an agreement with the United States Maritime Alliance (USMX) over wage issues and may launch a large-scale strike starting October 1, affecting ports on the U.S. East Coast and Gulf Coast. This could lead to significant supply chain pressure and economic losses.
The Five Export Enforcement Countries, consisting of Australia, Canada, New Zealand, the United Kingdom, and the United States, held a meeting in Washington, D.C., reaffirming their commitment to strengthening export controls on Russia to prevent sensitive technologies and materials from being diverted to support Russias actions against Ukraine.
According to Eurostat data, in Q2 2024, both the volume and value of EU energy imports declined. Oil imports decreased by 2.2%, while the value of gaseous natural gas and LNG imports fell by 31.4% and 41.2% respectively. The EU is seeking to diversify its energy sources.
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.
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.
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.
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.
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 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.
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PSB Record: Shanghai No.31011502009912
