- The RCEP(The Regional Comprehensive Economic Partnership) will officially come into effect for Malaysia on March 18, 2022. Certificates of origin exported to South Korea and Malaysia under the “Agreement” are self-printable certificates, which will be implemented from the date when the “Agreement” takes effect for the member party.
- RCEP comes into effect for South Korea;
- China-New Zealand Organic Product Import and Export Certification Mutual Recognition Arrangement Implementation Policy Released.
- The Customs of China and Russia signed the AEO Mutual Recognition Agreement.
Trade,Import & Export
- China and Argentina agreed to promote financial support for China’s export settlement to Argentina.
- The United States will cancel the 25% tariff policy on Japanese steel on April 1.
- Germany: The value of imports and exports of goods increased significantly last year. According to data released by the German Federal Statistics Office on February 9, the import and export volume of goods in Germany in 2021 will be approximately 1.2 trillion euros and 1.4 trillion euros, up 17.1% and 14% year-on-year, respectively.
- Global leading logistics company Dexun Kuehne+Nagel has developed a new key performance indicator “Seaexplorer Disruption Indicator”, which aims to measure port efficiency and provide cargo owners and their service providers with greater visibility into port bottlenecks . Based on the waiting vessel capacity (TEU) and the number of days delayed for each vessel, this metric will generate a “TEU Waiting Days” data that will be updated daily. The index shows that as of January 19, the cumulative container delays in the hot port areas covered by Seaexplorer reached a staggering 11.56 million TEU waiting days, and 80% of the world’s port congestion occurred in North America. The number of ships stranded in the world’s major ports is no less than that before the Christmas holiday. Of the 25 million containers of a total of 5,700 freighters in the world, 2.4 million containers of 564 ships are still waiting at the ports.
- India ends anti-dumping measures against wire rod. On February 7, 2022, the Ministry of Commerce and Industry of India issued an announcement stating that the Revenue Department of the Ministry of Finance of India did not accept the Ministry of Commerce and Industry’s decision on October 29, 2021 for wire rods (Wire Rod of Alloy or Non-alloy) originating in or imported from China. Steel), decided not to continue to levy anti-dumping duties on Chinese products involved in the case. The Indian customs codes of the products involved are 7213 and 7227.
- Brazil made the final ruling of anti-dumping sunset review on rimless glasses. On January 31, 2022, the Executive Committee of the Foreign Trade Commission of the Brazilian Ministry of Economy (GECEX) issued Resolution No. 294 of 2022, making the first anti-dumping of rimless glasses (Portuguese: espelhos não emoldurados) originating in China and Mexico The sunset review final ruling decided to continue to levy anti-dumping duties on the products involved in the above-mentioned countries for a period of 5 years. The tax amount is the same as that of the original final ruling in Announcement No. 10 of 2016 issued by the Brazilian Foreign Trade Commission, that is, the products involved in China are 388.73 to 415.32 USD/ ton, and the products involved in Mexico are 395.47 to 427.43 US dollars / ton). The MERCOSUR tax number of the product involved is 7009.91.00. The resolution takes effect from the date of publication.
- Vietnam: 2 aquatic product manufacturers suspended exports to China. On February 10, the General Administration of Customs of China said that from now on, the acceptance of Vietnam’s GEPIMEX 404 CO electric fan metal protective grille will be suspended: Argentina has made a preliminary anti-dumping ruling
- Argentina’s Ministry of Production and Development recently issued an announcement to make preliminary anti-dumping rulings on metal protective grilles for electric fans originating in mainland China and Taiwan, China, and decided to levy temporary anti-dumping duties, valid for six months. The product import declaration of MPANY is 1 week, and the acceptance of the product import declaration of Vietnam Cuu Long fish joint stock company is suspended for 2 weeks.
- Recently, Indian Prime Minister Narendra Modi said that India will invest $1.3 trillion in connectivity infrastructure and provide $26 billion in output-linked incentives in 14 industries. Previously, India’s Ministry of Finance’s Revenue Department had launched a major crackdown on mobile phone manufacturers and distributors in India.
- According to data released by the American Automobile Association, the national average gasoline price in the United States reached $3.47 per gallon on February 9, up 8 cents from the previous week. U.S. gasoline prices this week were the highest since October 2014, the U.S. Department of Energy said. Analysts said that due to the extreme weather, some large refineries in some parts of the United States were closed and refining capacity was reduced, which boosted the price of gasoline in the United States to a certain extent.
- China Association of Automobile Manufacturers: In 2021, the top five countries in terms of import value of auto commodities are Germany, Japan, the United States, Slovakia, and the United Kingdom. Japan’s import value decreased slightly year-on-year, Mexico’s year-on-year growth rate was slightly lower, and other countries showed rapid year-on-year growth, with Hungary and Austria showing more significant year-on-year growth.
- Lidar will usher in its first year of mass production in the passenger car front-loading market. The agency predicts that the demand for lidar in the global passenger car market will increase from 220,000 in 2021 to 21.34 million in 2025, the penetration rate will increase from 0.2% in 2021 to 14% in 2025, and the market size will increase to 541 billion.
- According to a survey released by Japan’s Ministry of Internal Affairs and Communications, the consumption expenditure of Japanese households with more than two people only increased by 0.7% in real terms. The average savings rate of working households is 34.2%, which has remained at a high level of around 35% for two consecutive years. For the first time in two years, consumer spending in 2021 saw a slight year-on-year increase, a real decrease of 4.6% from 2019, and did not return to pre-pandemic levels.
- Italy: Will build Europe’s largest battery factory. According to a recent report by Swedish Radio, Italian company Italvolt plans to build Europe’s largest battery factory in northern Italy, with an investment of $35 billion.
- Japan: Announced supply of LNG to Europe. According to the Nihon Keizai Shimbun report on February 10, Japan’s Ministry of Economy, Trade and Industry announced that it will provide some liquefied natural gas (LNG) to Europe, with a total scale of several hundred thousand tons.
- The price of 13kg canned natural gas for kitchen use in the Brazilian retail market has risen from 69.74 reais in January 2020 to 102.40 reais in January 2022, an increase of about 50%.
- Ministry of Industry and Information Technology: During the Spring Festival in 2022, mobile communication data traffic will continue to grow rapidly, with a growth rate of more than 20% for three consecutive years. During the Spring Festival, mobile Internet access traffic reached 4.349 million TB. Among them, January 31 and February 1 were the peak hours, and the mobile Internet access traffic on that day was 589,000 TB and 654,000 TB respectively, an increase of 18.2% and 18.6% year-on-year.
- In 2021, the local state-owned enterprises in Shanghai will achieve an operating income of 3.88 trillion yuan, a total profit of 346.989 billion yuan, a net profit of 276.623 billion yuan, and a total tax payment of 272.224 billion yuan. In 2021, the completion rate of the three-year action tasks for the reform of state-owned enterprises in Shanghai will reach 84.6%.
- The World Bank predicts that in 2025, the proportion of China’s population over the age of 65 will account for 13% of the total population, and it will exceed 20% in 2035.
- The renminbi’s share of international payments rose to fourth. According to a recent report released by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), the share of RMB international payments in December 2021 rose from 2.14% in November to 2.70%, and the global ranking surpassed the Japanese yen to fourth for the first time. The U.S. dollar, the euro, and the British pound rank the top three, respectively.
- Geely Automobile: In January, the total sales volume was 146,380 units, a year-on-year decrease of about 6%, mainly due to the early Spring Festival holiday and sporadic epidemics in various places. In January, 15,442 pure electric vehicles were sold, up from 2,083 a year earlier.
- SMIC: In the fourth quarter of 2021, the total operating income was 10.26 billion yuan, a year-on-year increase of 53.8%, and the net profit was 3.415 billion yuan, a year-on-year increase of 172.7%. The increase in sales revenue was mainly due to the combined effect of higher wafer sales volume, higher average selling price and changes in product mix; and higher gains from investments in associates and financial assets.
- Amazon’s 9 major sites will start spring sales. The Amazon European Spring Promotion will be launched simultaneously at 9 European sites on April 1, 2022. The entire promotion will last for nearly two weeks and end on April 13, 2022. Including Germany Station, UK Station, France Station, Italy Station, Spain Station, etc.
- Shopee has become the most widely used e-commerce platform in Indonesia. Southeast Asian e-commerce company Shopee is the most widely used e-commerce platform in Indonesia, according to a survey by French research firm Ipsos, thanks to its good performance during the National Online Shopping Day and its strategy to attract small and medium-sized enterprises.
- Maersk posted a record profit on revenue of $62 billion for the year. The world’s second-largest container giant, Denmark’s Maersk Line, announced its financial report, with annual revenue of US$62 billion in 2021, a year-on-year increase of 55%, and full-year earnings before interest, tax, depreciation and amortization (EBITDA) tripled to a record high. A record $24 billion.
- Samsung and labor unions have broken down in wage hike talks, or there may be a general strike.
- Disney announced results, and both revenue and net profit rose sharply. Disney announced its financial results for the first quarter of fiscal 2022, which ended on January 1, 2022, with quarterly revenue of $21.819 billion, an increase of 34% from $16.249 billion in the same period last year. Quarterly net profit was $1.104 billion, compared with $17 million a year earlier.
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