Australia


ABF signs MOU with Singapore

On 20 March 2020, Australian Border Force (ABF) Commissioner Michael Outram countersigned a Memorandum of Understanding on Trade Facilitation with the Singapore Government. Singapore’s Ho Chee Pong, Director-General Singapore Customs and Tan Kiat How, Chief Executive Officer, the Infocomm Media Development Authority have also signed the Memorandum of Understanding. “This MOU will support Australia’s efforts to make trade digital, seamless and secure,” Commissioner Outram said. The MOU will allow...

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Toll actions technical cybersecurity recovery plan

Toll has reported that its teams worldwide are continuing to work tirelessly to ensure all customers and stakeholders have access to the transport and logistics company’s services following drastic measures to contain a ransomware attack. The company issued a statement outlining how it is progressing with thorough testing and validation of its IT systems, in collaboration with key customers, with a view to restoring systems for anyone who engages...

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Customs brokers charged over $1bn Australian drug seizure

By Will Waters Dec 5 2019 / Llyod’s Loading Lists Two customs brokers have been charged over Australia’s largest ever seizure of the drug methamphetamine – after A$1 billion (US$680 million) of the drug was found hidden inside speakers shipped as ocean freight from Thailand to Melbourne. More than six months after the drugs were seized, federal police yesterday arrested two men and a woman, who appeared briefly in...

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Australian food exporters face regulatory roadblocks in China

Australian food exporters face regulatory roadblocks in China

By Michael Smith Nov 11 2019 / Financial Review Shanghai | Chinese regulators are delaying the approval of new licences to Australian dairy and beef exporters looking to increase sales to China, in the latest sign that diplomatic tensions are hurting trade with Australia’s biggest trading partner. Numerous sources told The Australian Financial Review that companies exporting agricultural products to China faced increasing difficulty in securing Chinese regulatory approval...

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Coking coal customs declarations tighten again

Coking coal customs declarations tighten again

Oct 29 2019 / argus News Some Chinese steel producers with Australian coking coal cargoes arriving at ports in Guangdong province and Fuzhou in Fujian province have been prevented from undergoing customs declaration, a likely prelude to similar restrictions eventually being imposed at more ports across China. At least two Chinese steel producers, one in the east and another in south China, have confirmed that customs declarations at all...

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Worldwide: Trade Wars – Politics Creates Legal Headaches For Traders

By Hatty Sumption and Alexander George Oct 22 2019 / Mondaq The growing trade war between China and a number of Western economies presents a unique set of challenges for commodities traders. The present trade war began in 2018 with the US imposing tariffs, targeted at China, on manufactured products such as washing machines, and finished commodities such as steel and aluminium. China, naturally, responded in kind. Since then...

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WiseTech shares suspended after profit allegations

By Gavin van Marle Oct 17 2019 / The Load Star Australian freight software developer WiseTech Global suspended trading in its shares on the Australian Stock Exchange (ASX) after it was accused by financial analyst J Capital of overstating its profits. Considered to be part of series of attacks by short-sellers on listed Australian companies, the research firm alleged: “We have spent months analysing the company and concluded that...

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Plastic Waste Piles Up as Indonesia’s Import Crackdown Backfires

By Viriya Singgih Aug 2 2019 / Bloomberg Indonesia’s crackdown on waste imports is backfiring with its plastic recycling industry in disarray and hundreds of containers of used materials clogging its ports. Authorities ordered close scrutiny of trash imports after random inspections in May led to the discovery of more than 80 containers of illegal waste from the U.S., Australia and Europe. About 1,000 containers are now waiting for...

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CHANGES TO THE STRATEGIC GOODS CONTROL LIST

By Singapore Customs Aug 1 2019 Updates to the Strategic Goods Control List Singapore Customs would like to inform you that the new Strategic Goods (Control) Order 2019 (“SGCO 2019”) has been gazetted on 1 August 2019, and will come into effect from 1 October 2019. You may access the SGCO 2019 via our website at www.customs.gov.sg > Business > Strategic Goods Control > Strategic Goods Control List. 2...

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Customs arrangements with Singapore and Canada

Friday, 28 June 2019, 12:49 pmPress Release: New Zealand Government Hon Jenny SalesaMinister of Customs 28 June 2019 PĀNUI PĀPĀHOMEDIA STATEMENT Customs arrangements with Singapore and Canada to benefit New Zealand traders Minister of Customs Jenny Salesa has welcomed new customs arrangements between New Zealand, Singapore and Canada that will streamline trade and benefit traders. The Mutual Recognition Arrangements (MRAs) to recognise supply chain security standards of respective trade programmes...

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