International Business


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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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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New EU Customs Regulation Ends VAT Exemption for under €22 Parcels

Following an amendment to Regulation (EU) 2015/2446 on EU customs rules, from 1 January 2021 it will be possible to declare goods up to €150 with a simplified customs declaration. The existing VAT exemption for goods up to 22 € will thus be abolished – the popular shipments from China with the label “Gift, 10$” will then be a thing of the past. Although all imports into the EU will...

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LOCAL GOODS, GLOBAL REACH: SEDA-COG program director helps firms navigate overseas commerce

LOCAL GOODS, GLOBAL REACH: SEDA-COG program director helps firms navigate overseas commerce

By Rick Dandes Dec 7 2019 / The daily item Once a Valley business decides to enter the global export marketplace, it needs experts like Noelle Long to help them navigate the murky, sometimes choppy waters of international customs regulations, documents, and tariffs. Long, program director for the SEDA-Council of Governments Export Development Program, works with the state to provide services to manufacturing companies, service companies, and higher education to either start exporting products...

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