Effective July 5, 2024, Thailand implements the VAT Fairness Act, eliminating tax exemptions for low-value cross-border e-commerce goods and imposing a flat 7% VAT on all imported products, impacting foreign trade operations.
Exploring the opportunities and challenges behind Hainans customs closure, providing in-depth analysis and recommendations for businesses.
The Indonesian Artificial Fiber Producers Association (APSyFI) submitted an application to initiate an anti-dumping investigation on synthetic filament yarn originating from China.
The EUs anti-circumvention investigation into Indonesian biodiesel has drawn industry attention. Among the issues, 60% of raw materials and a 25% value-added rate have become focal points. Why do these two ratios differ in anti-subsidy and anti-dumping investigations? Explore the legal basis and practical applications behind this.
The Ministry of Economy and Finance of South Korea imposed a four - month temporary anti - dumping duty on PET resin originating from China, involving many Chinese enterprises. The aim is to protect the domestic industry and it affects the trade pattern between China and South Korea.
Announcement No. 31 of 2024 optimizes the export measures for unmanned aerial vehicles, repeals the temporary control, relaxes the product control scope, adds controlled products, and adjusts the issuing unit, aiming to facilitate trade while ensuring national security.
The EUs New Battery Regulation assigns new missions to ECHA, which will have a major impact on the global battery energy storage industry. This regulation oversees the entire lifecycle of batteries, covering aspects such as hazardous substances, carbon footprint, performance, durability, and safety. Additionally, ECHA will strengthen control over hazardous substances in batteries. As one of the worlds largest producers and consumers of batteries, Chinese battery companies need to closely monitor these changes.
In global trade, understanding and complying with import requirements is crucial. This announcement details the quarantine and sanitary requirements for importing pet food from Serbia to China.
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PSB Record: Shanghai No.31011502009912
