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Cargo operations at Chinese airports hit break-point; freight rates slump

Airfreight demand out of China was lower than expected this week but it started to drop soon after the Golden Week holidays. It was a terrifying time for forwarders before the China holidays and soon after. Empty freighters, canceled charter contracts, missed flights and stricter PPE quality inspections also saw a reduction in demand for shipping PPE. Demand for air freight was lower than expected due to shippers holding...

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Brexit customs squeeze still on horizon

With supply chains currently concerned with coming out of the current lockdown of economies worldwide as a result of the Covid-19 pandemic it could be easy to overlook the impact of substantial changes to the flow of goods between the UK and EU member counties from next year. Speaking exclusively to Logistics Manager Paul Carroll​, general manager, UK customs at BluJay Solutions said: “We have known about frictionless borders for some...

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Brexit will mean checks on goods crossing Irish Sea, government admits

The government has privately conceded there will be post-Brexit checks on goods crossing the Irish Sea, months after Boris Johnson insisted there would be no such trade barriers. In a letter to the executive office in Stormont the government confirmed there would be border control posts in three ports, Belfast, Warrenpoint and Larne. Declan Kearney, one of the two junior ministers in the executive office, the regional equivalent of the Cabinet...

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Donald Trump’s new tariff threats not expected to derail China trade deal, but Beijing may want to play for time

China will not cancel its phase one trade deal with the United States despite fresh tariff threats by US President Donald Trump, analysts say, but it may seek to postpone its commitments amid the global economic slowdown. Trump linked US-China trade war politics to accusations that China had covered up and mismanaged the outbreak of Covid-19, which has grown into a global pandemic, in an interview with Fox News on Sunday....

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Customs ramps up modernization projects to complement shift to ‘new normal’

The Customs bureau said on May 6, Wednesday, that it “will implement more Information and Communications Technology projects that will speed up trade, strengthen border security and protect government revenues” as the country grapples against the pandemic. The bureau bared that preparations to improve various ICT projects under its modernization goal are underway. Currently, the bureau is working on the stabilization of the E2M system, which will be replaced...

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Cargo traffic through North-South Transport Corridor to be boosted

Governor of Russia’s Astrakhan Region Igor Babushkin tasked the participants of the regional working group for development of the International North-South Transport Corridor (INSTC) project to send their proposals on its implementation to the Regional Ministry of Economic Development by May 15, Trend reports referring to Russian media outlets. He noted that the development of the route, which unites India, Iran, Azerbaijan, Russia and Northern Europe countries, will help...

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Banana Containers Held Up at Customs

Seventy to 80 reefer containers of bananas have been piled up at Iran’s southern ports but the Central Bank of Iran failed to allocate foreign currency needed to start their customs clearance, the head of National Union of Agricultural Products said on Friday.  “The duration of contracts on banana imports is one year; importers sign long-term contracts in line with domestic plans and policies, and thus abrupt decisions cause...

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Slow clearance of goods at Torkham causes traffic, policing issues

LANDI KOTAL: Slow process of customs clearance of trade goods to Afghanistan at Torkham coupled with arrival of hundreds of more loaded vehicles from Karachi have compounded the traffic management, policing and security related issues both at the border crossing and on Peshawar-Torkham Highway since reopening of the border for trade activities on May 1. The federal interior ministry through a notification on May 1 allowed reopening of Torkham...

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Solutions should prioritize maintaining industrial production: ministry

HÀ NỘI — The Ministry of Industry and Trade said that the most important priority at present was to maintain the operation of domestic industrial enterprises during the novel coronavirus (COVID-19) pandemic. The pandemic has caused a lot of difficulties for enterprises in Việt Nam, especially industrial enterprises. If an enterprise is closed due the pandemic, its workers lose their jobs and it has negative impacts on other businesses in the supply...

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China: Customs to crack the whip with rogue exporters

China has warned of stringent action against manufacturers who export defective and counterfeit medical products, including confiscation of the illegal income and punishment, to ensure the overall quality of its foreign trade, the General Administration of Customs said on Monday. The GAC will impose fines of more than 50 percent but less than three times the value of the goods on exporters who violate the rules, the administration said...

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