Industry


FACTBOX-CHINA SUSPENDS MEAT IMPORTS FROM VARIOUS ORIGINS AMID COVID-19 PANDEMIC

7/3/2020 BEIJING, July 3 (Reuters) – China has banned meat imports from various processing plants in several countries in the past month, a customs document showed, as the global coronavirus pandemic hit the world’s top meats processors. China most lately banned imports from a beef plant in Canada owned by Cargill Inc., and a pork processing plant in Germany run by Danish Crown, from June 28, according to a...

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US customs brokers, forwarders cautiously trickle back to offices

After several months of stay-at-home orders, America’s customs brokerage and freight forwarding firms are preparing to reopen their offices in the weeks and months ahead. However, these companies do not anticipate a return to pre-coronavirus conditions, industry experts say. “Our return-to-office plan considers that the future of work, as we have known it for all companies around the world, is shifting,” Marcia Lyssy, chief human resources officer for BDP International,...

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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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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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Supply chain impact of coronavirus increases further

The devastating impact of coronavirus on global trade and supply chains continues to escalate as non-China Covid-19 infections surpass those recorded in China itself. One upshot is that even as cargo availability in China increases, the implementation of social distancing and isolation policies in a bid to contain the spread of the virus threaten economic growth and demand in Europe and North America. Sea-Intelligence’s latest Sunday Spotlight newsletter warned that as...

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This will be a game-changer for African free trade

The AfCFTA is a vote of confidence in the value of international economic integration when trade conflicts are rife globally, writes Bohani Hlungwane The countdown has begun towards the “go-live” date of the African Continental Free Trade Area (AfCFTA) on 1 July 2020, which will potentially be a game changer for the continent, with its consumer market of 1.2 billion people with a combined GDP of $2.5 trillion (R37...

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Customs department rolls-out machine-based clearance of imported goods

In a bid to crack into the top 50 position in Trading Across Borders as part of the World Bank’s ease of doing business, the Central Board of Indirect Taxes and Customs (CBIC) has introduced machine-based automated clearance of imported goods. The new initiative is being piloted at Jawaharlal Nehru Port Trust (JNPT) and Chennai Port Trust from February 6 whereby the Customs officer will be able to do...

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BOC releases PPEs for medical frontliners

MANILA, Philippines – Nearly 5,000 shipments of personal protective equipment (PPEs) for frontliners addressing the coronavirus disease (COVID-19) crisis have been released from ports by the Bureau of Customs (BOC). Information from the BOC Public Information Office on Friday showed that a total of 4,669 shipments of PPEs have arrived in the country from March 9 until April 2. All of these shipments have already been released. On April...

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UPS helps to simplify international shipping for SMB customers with website upgrade

By Kasun Illankoon Feb 2 2020 / Construction Business News UPS has launched a significant upgrade to its shipping website, www.ups.com, by making the process of creating an international shipment smarter and easier for its small and medium business (SMB) customers in 116 countries, including 36 countries in the Indian subcontinent, Middle East and Africa (ISMEA). “With SMEs contributing over 40% of GDP in emerging economies, there is no...

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Cameroon slaps VAT on e-commerce trade

By Amindeh Blaise Atabong Jan 14 2020 / itwebafrica The sale of goods and services in Cameroon via local or foreign e-commerce platforms will be liable to Value-Added Tax (VAT) of 19.25%. This is according to recently introduced legislation, the 2020 Finance Law of Cameroon which came into effect in late 2019. According to the new legislation, operators of e-commerce platforms, on behalf of suppliers, will have to calculate,...

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