CAINIAO: 700 CHARTERED FLIGHTS TO DELIVER 90 % OF CROSS-BORDER PARCELS DURING 11.11 SHOPPING FESTIVAL
22nd October 2020 – Cainiao Smart Logistics Network, the logistics arm of Alibaba Group Holding Limited, has announced a series of initiatives to ramp up its global logistics infrastructure, in anticipation of explosive growth in e-commerce parcel volume during the upcoming 11.11 shopping festival. This year, Cainiao plans to operate over 700 chartered flights to deliver 90 % of its parcels outside China during 11.11. The smart logistics company estimates that...
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Enforcement of rules not to restrict movement of essential items
22nd October 2020 – MIRI: The enforcement of rules and regulations by certain government agencies here as well as those enforced by Brunei are not intended to restrict the delivery of essential items. According to Minister of Transport Datuk Lee Kim Shin, these rules and regulations were to ensure that the Covid-19 pandemic is well under control within each country and between countries. “In this respect, it is important...
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Botched digital customs clearance no help to congestion-hit trade in India
21st October 2020 – A botched digitalisation programme has caused long customs clearance delays in India, exacerbating the country’s container shortage crisis. The ‘faceless assessment’ initiative has been rolled out at ports across India since June, to implement contactless and paperless customs clearance. However, according to the Mundra Custom Brokers’ Association (MCBA), clearance times have increased since the launch, with importers and exporters facing numerous “hidden costs”. “Faceless assessment...
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Guangzhou released measures to promote the high-quality development of cross-border e-commerce
21st October 2020 – Guangzhou has historically been one of China’s leading foreign trade centres. Even in the e-commerce era, Guangzhou still retains certain trading advantages. From January to July 2020, the volume of import and export passing through the customs cross-border e-commerce management platform in Guangzhou reached RMB 20.87 billion, ranking first in the country, with a year-on-year growth of 1.83%. Guangzhou is taking steps to further improve...
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Egypt: Sisi Orders Shortening Customs Clearance Time, Simplifying Procedures
7th October 2020 – Sisi orders shortening customs clearance time, simplifying procedures President Abdel Fattah El Sisi has ordered the customs development strategy to be focusing on the governance of Egypt’s exports and imports, in addition to simplifying customs clearance procedures and shortening their time. Sisi issued his directives on Tuesday 6/10/2020 at a meeting with Prime Minister Mostafa Madbouli and Finance Minister Mohamed Maait. The meeting tackled a...
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Georgia, an investment-friendly and corruption-free country
5th October 2020 – Georgia’s economic policy is oriented toward free, fair, inclusive and sustainable development, resulting in effective public services, open and fair market competition, the protection of property and intellectual rights, and freedom of access to a free judiciary. The country’s strategic location at the crossroads between Europe and Asia gives Georgia many advantages for import and export activities, international business and foreign business investments. Here are...
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AEO customs transactions make 61% of Dubai Customs activity in H1, 2020
4th October 2020 – Figures released by Dubai Customs showed that customs transactions done through the Authorized Economic Operator (AEO) reached 4.4m constituting 61% of the total number of transactions (7.2m) in H1, 2020. The leading program has played an important role during the pandemic in facilitating external trade. Companies, members of the program, boosted their business activity, especially in importing foodstuff and medical supplies, motivated by a number...
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Man fined S$418,000 for evading taxes and failing to keep records of vehicle imports
2nd October 2020 – SINGAPORE: A man has been fined S$418,000 for evading taxes and failing to keep documents and records related to motor vehicle imports, said Singapore Customs on Friday (Oct 2). Tan Wee Leng, 43, the sole proprietor of Zion Auto imports, was sentenced on Thursday after he was found guilty of conspiring with three other motor vehicle traders to evade excise duty and Goods and Services Tax (GST) relating to...
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Exporting Goods to the EU after Brexit: What You Need to Know
29th September 2020 Following a 12-month transition period, the UK will formally exit the EU on 31 December 2020. If you export or import goods to or from Europe, you are most likely wondering what this means for your business. Here, Gareth Bridgland from Perrys Chartered Accountants, has outlined the main points to help you prepare your company well ahead of the deadline and make any required adjustments as...
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FTAI partners with Declaron to offer Ireland-Britain customs service 202
24th September 2020 – Access to sufficient numbers of expert Customs agents and brokers will be critical to the continued free flow of goods between Ireland and Britain, once the Brexit transition period comes to end on 31 December 2020, according to Freight Transport Association Ireland (FTAI), the business group representing the Irish logistics sector. To help Irish businesses manage the new customs clearance processes, the FTAI has launched...
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