Importers

South African wine industry plans more exports to China

by Xinhua writer Lyu Tianran CAPE WINELANDS, South Africa, Sept. 23 (Xinhua) – The constantly emerging vineyards along the roads of the southwestern tip of South Africa were nearly bare this time of September, the first month of spring here. Although in stark contrast to those in wine-growing countries in the northern hemisphere, South African wineries expect their vines to ...

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Even the humble Suzuki Swift can’t escape the labor tax

Thursday September 23, 2021, 3:46 p.m.Press release: New Zealand National Party Transport Minister Michael Wood urgently needs to clarify who will be exposed to his car tax, National Transport spokesman David Bennett said. “When Minister Wood launched his car tax, he said it would focus on the most polluting vehicles. But he also presented a document to Cabinet showing that ...

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Specialty Food Association Moves Winter Food Show 2022 from San Francisco to Las Vegas

The event will now take place from February 6 to 8 NEW YORK, September 22, 2021 / PRNewswire / – The Specialty Food Association (SFA) moves the Winter Fancy Food Show 2022 to Las Vegas Moscone Center Convention Center (LVCC) in San Francisco. Functioning February 6-8, the show will feature food and drink specialties from national and international exhibitors, as ...

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Port Houston sets monthly freight record in August

Port Houston processed its highest month on record for a twenty-foot equivalent unit total at 320,086 in August, a 29% increase from the same period last year. The port also recorded the highest monthly loaded imports on record with 159,791 TEUs in August, a 37% increase from August 2020. “We are securing our position as a centrally located port serving ...

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Kenya: cost of imports to rise as shilling hits new low

The Kenyan shilling continued to weaken against major currencies on Monday, hitting its lowest point this year yesterday in the economy’s latest nightmare. Official data from the Central Bank of Kenya (CBK) shows the local currency traded on average at 110.16 shillings for every US dollar, which promises to make imports more expensive in the coming days. Kenya is a ...

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Shaheen Urges Federal Maritime Commission to Address Rising Costs of Overseas Shipping and Help NH Companies Stay afloat

September 20, 2021 (Manchester, NH) – US Senator Jeanne Shaheen (D-NH) sent a letter to the Federal Maritime Commission last week urging the agency to deal with soaring costs of importing goods that threaten operations and the economic recovery of New Hampshire businesses. Shaheen noted the existential threat to small businesses that cannot afford container tariffs whose costs, in some ...

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LNG at $ 25 / MMBtu Sparks Fuel Switch, Stifles Asian Spot Market Activity

LNG spot prices in Asia exceeding $ 25 / MMBtu prompted the region’s largest natural gas importers to scramble to cover exposure to energy prices for the winter, dampening spot market interest and accelerated the shift to alternative fuels. Not registered? Receive daily email alerts, subscriber notes and personalize your experience. Register now Japanese LNG importers have said the price ...

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OP-ED: Countertrade: an alternative option to explore export markets

The current policy framework requires that export payments be made through bank channels in convertible foreign currencies Bangladesh tries to explore untapped export markets from Central Asia to Eurasia, West Asia to Africa, the Caribbean to South America and many other destinations. This means that the export orientation will be broader without being limited to Europe and North America. Various ...

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Iraq signs first contract in 7 years to import Thai rice

Mr Kriangsak said this will be the second batch Iraq buys from Thailand this year and the first batch of 44,000 tonnes was delivered on August 18 as the transaction marks a historic moment for rice exports, because Iraq boycotted rice from Thailand for seven years on quality issues. The Thai Rice Mills Association reported that Tanasan Rice Plc, a ...

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Ctg port sees better turnaround times

Sun Sep 19, 2021 12:00 AM The number of containers in the yards of Chattogram Port has reached a comfortable level, freeing up space and allowing for faster handling of goods, helping ships to leave in two days when previously they had to stay at least three days. on the piers. The photo was taken recently. Photo: Rajib Raihan “> ...

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The GSTN provides self-service functionality on the GST portal for importers of goods, recipients of SEZ supplies, searching for incoming invoice details, which were not filled in automatically in GSTR -2A

Through Mariya Paliwala – September 18, 2021 at 12:33 p.m. The Goods and Service Tax Network (GSTN) has made self-service functionality available on the GST portal for importers of goods, recipients of SEZ supplies and incoming invoice details, which have not automatically populated in GSTR-2A. “To assist importers of goods and recipients of supplies in the SEZ, find the details ...

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Government warns interested fish importers of potential fraud – Manila Bulletin

The government has warned interested importers of potential fraud related to the ongoing importation of 60,000 metric tonnes (MT) of fish. The Bureau of Fisheries and Aquatic Resources (BFAR) and the Philippine Fisheries Development Authority (PFDA) issued a joint notice regarding a person posing as a government employee providing assistance to those interested in obtaining import certification. Photo by DA ...

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Chinese aluminum could emerge from EU anti-dumping measures – steel, aluminum, copper, stainless steel, rare earths, metal prices, forecasts

This is a curious glimpse into EU thinking when there is a clear case for anti-dumping duties only to be pushed back to the 11th.e hour after complaints from only two aluminum users and an importer. Do you know the five best practices for sourcing metals, including aluminum? Chinese aluminum and European anti-dumping duties Grispb / Adobe Stock You have ...

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PHC summons Federal Health Secretary over drug policy proposal – Journal

PESHAWAR: The Peshawar High Court on Wednesday summoned the Federal Health Secretary on September 23 to brief him on the progress of the proposed policy prepared by the Drug Regulatory Authority Pakistan to regulate drug prices. A bench consisting of Chief Justice Qaiser Rashid Khan and Judge Syed Arshad Ali issued the order after Drap deputy director Hafiz Bilal informed ...

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Industry players await the arrival of port scanners

Posted September 12, 2021 Following growing calls for functional scanners to reduce the backlog of cargo at ports, the Nigerian Port Consultative Forum said scanners had been ordered but had not seen them. NPCF Chairman Kunle Folarin in an interview with our correspondent said physical inspection of cargoes will continue at ports until the arrival and installation of scanners. He ...

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Beer Institute toast millions of beer jobs on Labor Day

WASHINGTON, September 03, 2021 (GLOBE NEWSWIRE) – Today, Jim McGreevy, President and CEO of the Beer Institute, released the following statement in commemoration of Labor Day: “This Labor Day, we raise a toast to the more than two million hard-working men and women across our country whose jobs are built on a vibrant beer economy. From farmers to truck drivers ...

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Sri Lankan rupee crosses 230 per dollar

ECONOMYNEXT – The Sri Lankan Rupee crossed 231 per US dollar in the over-the-counter market for importers and exporters, while 127 billion rupees was injected at the overnight print rate of 6.0% for banks to respond (sterilize) to an increase in deposit margin. Sri Lanka raised the reserve requirement ratio, a margin the bank is to maintain with the central ...

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No Quick Fix for Shipping Crisis Creating Supply Chain Bottlenecks | Voice of America

WASHINGTON – A significant increase in demand for consumer goods in the United States and Europe, combined with the disruption caused by the coronavirus pandemic, has shaken global shipping markets, pushing up the cost of transporting freight containers to United States and around the world. This has resulted in higher prices and huge delays at ports and logistics centers, severely ...

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Infographic: Lebanon is on the verge of running out of water | Business and Economy News

More than 70 percent of the Lebanese population faces severe water shortages, the United Nations Children’s Agency warns. Lebanon’s water supply system is on the verge of collapse. In July, a report released by UNICEF warned that most water pumping would gradually cease across the country within four to six weeks as the country’s power grid falters. On August 21, ...

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New honey tea sells for 3,100 Tk per kg

Tue Aug 24, 2021 12:00 AM As natural honey is added to tea leaves that are rich in antioxidants, the tea will help consumers boost their immunity, said Md Rashedul Islam, deputy director of Sabazpur Tea Company who proposed the new variety. PHOTO: STAR “> As natural honey is added to tea leaves that are rich in antioxidants, the tea ...

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Imports cool rice market as 71 companies receive clearance

FE REPORT | Posted: Aug 22, 2021 9:57:42 AM The government has allowed 71 private sector trade organizations to import 418,000 tonnes of pre-boiled and unboiled rice (atap) in an attempt to curb its prices in the domestic market, an official said. To this end, the Ministry of Food (MoF) sent a letter to the Ministry of Commerce (MoC) on ...

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Egyptian Ministry of Finance Updates Electronic Platform “Nafeza” to Facilitate Business Procedures

The Egyptian Ministry of Finance has updated its national one-stop-shop platform for foreign trade facilitation, Nafeza, by providing a special version for mobile phones. Finance Minister Mohamed Maait said in a statement on Wednesday that they were continuing the national project to modernize and automate the customs system, in application of presidential directives aimed at facilitating internal and external trade ...

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PPA warns of delays in cargo shipments from China – Manila bulletin

The Philippine Port Authority (PPA) warned today (Aug. 18) of delays in delivering cargo with the partial closure of several ports in China due to COVID-19. 1200px-Philippine_Ports_Authority_ (PPA) .svg PPA urged Philippines-based importers and exporters to make the necessary operational adjustments to reduce the negative impact of looming delays in their day-to-day operations. Already, in the past two weeks, several ...

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Contractual Mitigation Strategies for the Solar Sector as Governments Target Alleged Forced Labor

The US WRO, implemented earlier this year, has targeted Chinese polysilicon supplier Hoshine and its subsidiaries, but more parts may be added to the order in the near term. Image: Luke Price / Flickr. Western governments’ action targeting possible human rights violations in supply chains is accelerating. Recent and potential future developments in this area could cause significant disruption for ...

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Wave of forced labor enforcement blurs compliance efforts

Law360 (Aug 6, 2021, 4:50 p.m. EDT) – A steady increase in enforcement against the importation of goods made with forced labor has prompted importers to scramble to change supply chains or prove their supply is clean, which poses compliance challenges for businesses used to coasting in a more relaxed environment. The burgeoning forced labor import net crosses party lines, ...

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EBRD grants € 20 million loan to vehicle importer Winner for new Renault, Volvo | Kiev post

Posted on August 6 at 3:36 p.m. The office of the European Bank for Reconstruction and Development in Kiev is shown in May 2014. photo by Pavlo Podufalov European Bank for Reconstruction and Development (EBRD) and European Union (EU) provide loan and guarantee to Winner, one of the leading importers and retailers of vehicles in Ukraine, which includes a loan ...

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The EU’s new carbon agenda – how will it affect trade with ASEAN? | Asia | An in-depth look at current events from across the continent | DW

On July 14, the European Commission adopted a long-standing proposal for a Carbon Border Adjustment Mechanism (CBAM), a de facto tax on imported products that do not comply with the EU’s own rules on carbon. carbon emissions. As Brussels rushes into its climate action, it fears that European companies will relocate their carbon-intensive production abroad to take advantage of lax ...

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LGMA hopes Canada accepts test mandate – Produce Blue Book

California green leaf grower-shippers are optimistic that Canada is easing restrictions on their product later this year. Last October, the Canadian Food Inspection Agency (CFIA) put in place temporary importation measures to prevent contaminated food from entering the market. The CFIA requires that importers provide either proof that the romaine lettuce intended for import into Canada does not come from ...

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U.S. clean energy industry facing forced labor issues

This is the first of three articles on the solar industry and forced labor. Here we focus on regulation. Articles in the coming weeks will focus on the issues facing importers and their suppliers, as well as investors and their demands. Your shipment of solar equipment is stopped by customs at the US border due to the potential use of ...

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What the Big Mac Index says about the dollar and the dong

WHEN The Economist introduced its Big Mac Index 35 years ago, McDonald’s ubiquitous burger was only $ 1.60 in America. Now, it costs $ 5.65, based on an average price across four cities. The increase far exceeds inflation over the same period. Listen to this story Your browser does not support the item . Enjoy more audio and podcasts on ...

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Hazel Tech recruits Director of Commercial Strategy

Hazel Technologies® announces the arrival of Mike Rubidoux as Director of Commercial Strategy. Rubidoux joins Hazel Tech with over 30 years of experience in selling national and international suppliers. His career includes his work at Sage Fruit Company, where Rubidoux oversaw domestic and international sales of apples, cherries and pears. He also worked at Sun Pacific Marketing where he was ...

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Soaring gas prices force Kwara women to use the stove

Many women in Ilorin, Kwara State, have resorted to cooking stoves due to the rising price of gas.Some housewives interviewed by LEADERSHIP in the metropolis of Ilorin deplored the sudden increase in the price of cooking gas.They said the development has worsened the economy of many households. A housewife, Taibat Kadir, said that a 12.5 kg bottle she previously filled ...

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Market liberalization is not enough to lower food prices

Liberalizing the entry of agricultural products into the country is not enough to lower food prices, an economist said, adding that the government should support small and medium importers to promote competition. B-SAFE project leader Winrock International and University of the Philippines economist Ramon Clarete said at a virtual forum hosted by the Philippine Competition Commission (CPC) and the Association ...

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Government lacks political will to operationalize the Komenda sugar factory – Former member of the board of directors

The government headed by President Nana Addo Dankwa Akufo-Addo lacks the political will to operationalize the former Komenda sugar factory in the Komenda-Edina-Eguafo-Abrem municipality of the central region. Mr. Ransford Chatman Vanni-Amoah, former Secretary of the Board of the Komenda Sugar Factory said that the non-functioning of the factory was a ploy to thwart the presidential ambition of Mr. John ...

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Provide finance to supply chains

Recently, new forms of supply chain finance such as reverse factoring have emerged as cheaper alternatives to traditional letters of credit and factoring in international trade finance. The key innovation of reverse factoring is that in reverse factoring transactions, a large creditworthy importer (eg, Walmart) initiates its own program with its international bank (eg, Bank of America). The international bank ...

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Sri Lankan rupee parallel markets diverge and bonds stagnate

ECONOMYNEXT – The Sri Lankan Rupee was largely inactive in the forex market with the official selling rate for importers around 203 and the parallel market diverged slightly with the market falling from previous highs, market participants said . In the interbank market, direct trades are rare and there are usually offers at 199.90 without offers, although the swap market ...

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Shipping carriers push back White House price controls

File image courtesy of World Shipping Council Posted on Jul 12, 2021 1:17 AM by The maritime executive Shipping carriers are pushing back White House pressure to examine the pricing power in the container shipping industry. Last week, as part of a broad executive order targeting anti-competitive business practices, the Biden administration called on the Federal Maritime Commission to use ...

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CBOT agricultural futures drop in rain forecast

Chicago, July 10 (Xinhua) – CBOT agriculture futures fell last week and corn is one of the main factors driving prices down, Chicago-based research firm AgResource said. However, AgResource remains bullish as the expanding variant of COVID-19 raises concerns about the recovery of emerging markets. CBOT corn futures prices fell sharply due to heavy rains last weekend in Iowa and ...

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CSIC concerned about the closing of the caisses – Journal

PESHAWAR: The Sarhad Chamber of Commerce and Industry expressed concern over the closure of ATMs and insisted that the government’s hasty decision without consulting trade bodies would severely affect Pakistan-Afghanistan trade and exports regional. The issue was discussed at a meeting chaired by SCCI President Sherbaz Bilour and attended by traders, exporters and importers in the House Chamber here on ...

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In crisis, Lebanon begs for foreign aid

July 10, 2021 LEBANON IS “a few days” away from a “social explosion”. This is what Hassan Diab, the interim prime minister, said on July 6. The country is plunged into a crisis that has seen the value of the local currency plummet and many of the population run out of food, fuel and medicine. “I call on the kings, ...

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