A container truck, transporting the first batch of imports under the expanded zero-tariff treatment to all 53 African nations, enters Shenzhenwan Port at midnight in Shenzhen, south China’s Guangdong Province, May 1, 2026. (Xinhua/Mao Siqian) BEIJING, May 7 (Xinhua) — Boosted by China’s new zero-tariff policy for African countries with diplomatic ties, a growing wave...Read More
Cotton yarn prices further increased by ****;** per kg in the Ludhiana market. Spinning mills are raising their mill rates to pass on additional burden of rising cotton prices. A trader from Ludhiana market told Fibre*Fashion, ““Indian spinning mills are receiving support from export markets as mills in Bangladesh and Vietnam continue to face energy-related...Read More
Trade relations between the United States and Russia have changed dramatically over the past decade. Before 2022, Russia was an important supplier of energy products, metals, fertilizers, and industrial raw materials to the U.S. market. But after the Russia–Ukraine war and the wave of Western sanctions that followed, bilateral trade collapsed to historic lows. According...Read More
During the first quarter of ****, textile exports decreased by *.* per cent to $**.* million. Over the same period, exports of other manufactured textile articles eased by *.* per cent to $**.* million, as per the Central Bank’s publication ‘External Sector Performance – March ****’. Combined exports of textiles, garments, and other manufactured textile...Read More
On April 27, the General Administration of Customs of China announced via its website that fresh Vietnamese pomelos and limes meeting the stipulated phytosanitary requirements would be permissible for import into China. “Fresh limes” here specifically refers to green, unripe limes; ripe or yellow limes are not permitted for import. Orchards and packaging facilities intending to...Read More
US oil product exports surged to a record 8.2 million barrels per day last week as countries scrambled to replace fuel supplies disrupted by the Hormuz crisis, according to Bloomberg reporting, which noted that diesel exports led the increase and reached an all-time high.Countries are now competing for refined products, including diesel, jet fuel, and...Read More
The Bangalore Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that “chocolate flavour” imported for use as a flavouring substance in the food industry cannot be classified as a cocoa-based food preparation under Chapter Heading 1806 of the Customs Tariff Act, 1975. The bench of P.A. Augustian (Judicial Member) and...Read More
The agreement aims to reduce trade barriers and create new export opportunities, though dairy remains one of the most sensitive and closely negotiated areas. India’s historically protective stance on its domestic dairy industry means that any concessions are likely to be gradual and carefully managed. For New Zealand’s dairy sector, the FTA represents a strategic...Read More
The Trump administration faces mounting pressure from domestic industries to impose steeper tariffs on countries like China due to excess industrial capacity. The ongoing ‘Section 301’ trade probe scrutinizes 16 key trading partners, including China, the EU, and Japan, over surplus production capabilities. Trade experts anticipate the investigation will result in new import duties, as...Read More
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