#New regulations for foreign trade in May:
Starting from May 1st, multiple shipping companies such as Evergreen and Yangming will increase their freight rates.
South Korea designates Chinese goji berries as the inspection object for import orders.
Argentina announces the use of RMB to settle Chinese imports Revised import.
requirements for dried fruits in Australia.
Australia does not impose Anti-Dumping Duty and countervailing duty on A4 copy paper related to China.
The EU passed the core bill of Green New Deal.
Brazil will lift the $50 small package import tax exemption regulation.
The United States Announces New Regulations on Electric Vehicle Subsidies.
Japan has listed semiconductor equipment and other key industries in security review.
Turkey has imposed 130% import tariff on wheat, corn and other grains since May.
Starting from May 1st, there are new requirements for the export of Australian plant quarantine certificates.
France: Paris will completely ban the sharing of electric scooters
- Starting from May 1st, multiple shipping companies such as Evergreen and Yangming have increased their freight rates
Recently, the official website of DaFei announced that starting from May 1st, shipping companies will impose an overweight surcharge of $150 per 20 foot dry container weighing over 20 tons on containers shipped from Asia to Nordic, Scandinavia, Poland, and the Baltic Sea. Evergreen Shipping has issued a notice that starting from May 1st this year, it is expected that the GRI of 20 foot containers from the Far East, South Africa, East Africa, and the Middle East to the United States and Puerto Rico will increase by $900; 40 foot container GRI charges an additional $1000; 45 foot high containers charge an additional $1266; The price of 20 foot and 40 foot refrigerated containers has increased by $1000. In addition, starting from May 1st, the vehicle frame fee for destination ports in the United States has increased by 50%: from the original $80 per box, it has been adjusted to 120.
Yangming Shipping has informed customers that there are slight differences in Far East North American freight rates depending on different routes, and GRI fees will be added. On average, an additional $900 will be charged for 20 foot containers, $1000 for 40 foot containers, $1125 for special containers, and $1266 for 45 foot containers.
2. South Korea designates Chinese goji berries as the inspection object for import orders
According to Food Partner Network, the South Korean Food and Drug Safety Agency (MFDS) has once again designated Chinese wolfberry as the subject of import inspection in order to enhance importers’ awareness of food safety responsibilities and ensure the safety of imported food. The inspection items include 7 pesticides (acetamiprid, chlorpyrifos, chlorpyrifos, prochloraz, permethrin, and chloramphenicol), starting from April 23 and lasting for one year.
3. Argentina announces the use of RMB to settle Chinese imports
On April 26th, Argentina announced that it would stop using US dollars to pay for goods imported from China and instead use RMB for settlement.
Argentina will use RMB this month to pay for Chinese imports worth approximately $1.04 billion. The pace of Chinese commodity imports will accelerate in the coming months, and the efficiency of related authorizations will be higher. Starting from May, Argentina is expected to use the Chinese yuan to pay for Chinese imported goods worth between 790 million and 1 billion US dollars.
4. Revised import requirements for dried fruits in Australia
On April 3rd, the Australian Biosafety Import Conditions website (BICON) revised the import requirements for dried fruits, adding and clarifying the import conditions and requirements for dried fruits produced using other drying methods based on the original requirements for fruit products produced using hot air drying and freeze-drying methods.
The main content can be found at the following website:
http://www.cccfna.org.cn/hangyezixun/yujinxinxi/ff808081874f43dd01875969994e01d0.html
5. Australia does not impose Anti-Dumping Duty and countervailing duty on A4 copy paper related to China
According to China Trade Relief Information Network, on April 18th, the Australian Anti Dumping Commission issued Announcement No. 2023/016, making a final affirmative determination of anti-dumping exemption for A4 photocopy paper imported from Brazil, China, Indonesia, and Thailand weighing 70 to 100 grams per square meter, and a final affirmative determination of anti-dumping exemption for A4 photocopy paper imported from China weighing 70 to 100 grams per square meter, Decides not to impose Anti-Dumping Duty and countervailing duties on the products involved in the above countries, which will come into force on January 18, 2023.
6. The EU passed the core bill of Green New Deal
On April 25 local time, the European Commission passed five key bills in the Green New Deal “Adaptation 55″ package proposal, including expanding the EU carbon market, maritime emissions, infrastructure emissions, collecting aviation fuel tax, establishing carbon border tax, etc. After a vote by the European Council, the five bills will officially come into effect.
The “Adaptation 55″ package proposal aims to revise EU legislation to ensure that the EU’s goal of reducing net greenhouse gas emissions by at least 55% from 1990 levels by 2030 and achieving carbon neutrality by 2050 is achieved.
7. Brazil to lift the $50 small package import tax exemption regulations
The head of the Brazilian National Taxation Bureau stated that in order to strengthen the crackdown on e-commerce tax evasion, the government will introduce temporary measures and consider canceling the $50 tax exemption rule. This measure does not change the tax rate of cross-border imported goods, but requires the consignee and shipper to submit complete information on the goods on the system, so that Brazilian tax authorities and customs can fully inspect them when importing goods. Otherwise, fines or returns will be imposed.
8. The United States Announces New Regulations on Electric Vehicle Subsidies
Recently, the US Treasury Department released rules and guidelines related to electric vehicle subsidies in the Inflation Reduction Act on its official website. The newly added rule guide divides the subsidy of $7500 equally into two parts, corresponding to the “Key Mineral Requirements” and “Battery Components” requirements. To obtain a $3750 tax credit for the ‘Key Mineral Requirement’, a certain proportion of the key minerals used in electric vehicle batteries need to be purchased or processed domestically in the United States, or from partners who have signed free trade agreements with the United States. Starting from 2023, this proportion will be 40%; Starting from 2024, it will be 50%, 60% in 2025, 70% in 2026, and 80% after 2027. In terms of ‘battery component requirements’, to obtain a $3750 tax credit, a certain proportion of battery components must be manufactured or assembled in North America. Starting from 2023, this proportion will be 50%; Starting from 2024, it will be 60%, starting from 2026, it will be 70%, after 2027, it will be 80%, and in 2028, it will be 90%. Starting from 2029, this applicable percentage is 100%.
9. Japan has listed semiconductor equipment and other industries as core industries for security review
On April 24th, the Japanese government added the key review targets (core industries) for foreigners to purchase stocks of Japanese domestic enterprises that are crucial for safety and security. Newly added industries related to 9 types of materials, including semiconductor manufacturing equipment manufacturing, battery manufacturing, and fertilizer import. The relevant notice on the revision of the Foreign Exchange Law will be implemented from May 24th. In addition, the manufacturing of machine tools and industrial robots, metal mineral smelting, permanent magnet manufacturing, material manufacturing, metal 3D printer manufacturing, natural gas wholesale, and shipbuilding component related manufacturing industries were also selected as key review objects.
10. Turkey has imposed 130% import tariff on wheat, corn and other grains since May 1
According to the presidential decree, Turkey imposed an import tariff of 130% on some grain imports, including wheat and corn, effective from May 1.
Traders said that Turkey will hold a general election on May 14, which may be to protect the domestic agricultural sector. In addition, the strong earthquake in Turkey also caused a loss of 20% of the country’s grain output.
Starting from May 1st, there are new requirements for the export of Australian plant quarantine certificates
Starting from May 1, 2023, paper plant quarantine certificates exported to Australia must contain all necessary information in accordance with ISPM12 regulations, including signatures, dates, and seals. This applies to all paper plant quarantine certificates issued on or after May 1, 2023. Australia will not accept electronic plant quarantine or electronic certificates that only provide QR codes without signatures, dates, and seals, without prior consent and electronic exchange agreements.
12. France: Paris will completely ban the sharing of electric scooters
On April 2nd local time, a referendum was held in Paris, the capital of France, and the results showed that the majority supported a comprehensive ban on the sharing of electric scooters. The Paris city government immediately announced that the shared electric scooter will be withdrawn from Paris before September 1st of this year.
Post time: May-17-2023