Trade Information

Coupled with the impacts of the global energy crisis and inflation, the competitiveness of overseas chemical production has further diminished, leading several global giants to cut back on polyester capacity.

BASF holds multiple industry-leading titles, such as being the largest global producer of antioxidants, TPU, PA66, PA6, and PBT. It is also the top supplier of automotive chemicals, dominating several specialized markets worldwide.

Year-over-year, exports surged by 15,100 tons, a growth rate of 66.81%. This marks the highest monthly export volume in 20 months.

Last Wednesday, EU member states approved the imposition of final antidumping duties on titanium dioxide (TiO2) imports from China.

The Interim Final Rule on Foreign Direct Product (FDP) and Advanced Computing and Semiconductor Manufacturing Controls and the Final Rule on Entity List Additions, Modifications, and Deletions.

According to the notice, the export of dual-use items to military users or for military purposes in the United States is prohibited.

Due to significant delays at Port Louis caused by infrastructure inefficiencies and severe weather conditions, Maersk will impose a Congestion Fee (CFD) on shipments to Mauritius.

U.S. President-elect Donald Trump's proposed 25% tariff on imports from Canada and Mexico has raised alarms among alcohol distributors.

Last week, China's national railways transported a total of 81.035 million tons of cargo, marking a 1.08% week-on-week decrease.

The government hopes this transformation will encourage local companies to invest in profitable products and pursue mergers and acquisitions to enhance competitiveness.

According to incomplete statistics, over ten titanium dioxide (TiO₂) manufacturers in China are currently either reducing production or halting operations.

On a daily basis, this translates to the movement of 523,000 TEUs worldwide.

In the first three quarters of 2024, the total trade volume of pharmaceutical products between China and countries along the 'Belt and Road' (B&R) reached $32.084 billion, marking a year-on-year increase of 3.72%.

He noted that President Xi Jinping has reiterated China's commitment to pursuing CPTPP membership at several high-level diplomatic forums.

In a significant step toward promoting diversity and inclusion, Maersk has transformed one of its warehouse facilities at the Chennai Ponneri Container Freight Station (CFS) into a women-operated site.

Memorandum of Understanding between the China Council for the Promotion of International Trade and the Italian Institute for Foreign Trade.

Economic growth in the third quarter of 2024 displayed diverse trends across key nations, influenced by varying domestic and international factors. Below is a summary of notable GDP growth figures and underlying drivers for major economies.

The U.S. Department of Transportation’s Maritime Administration (MARAD) announced a $580 million investment in port improvement projects across 15 states and one U.S. territory.

The G20 Leaders' Summit serves as a key forum for discussing international economic cooperation and offers an effective platform for dialogue between the Global South and the Global North.

Export tax refunds will be canceled for products such as aluminum materials, copper materials, and chemically modified animal, vegetable, or microbial oils and fats.

On November 15, 2024, the Brazilian Official Gazette announced that Brazil's REACH regulation, Law 15.022, has officially come into force.

New Zealand's Trade Minister, Todd McClay, recently announced in Doha that New Zealand and the Gulf Cooperation Council (GCC) have reached a Free Trade Agreement (FTA).

According to reports from U.S. media, Republican lawmakers in the House of Representatives are drafting legislation that may revoke China’s status as a country with Permanent Normal Trade Relations (PNTR).

Pascal Lamy, former Director-General of the World Trade Organization and distinguished professor at CEIBS, shared his perspective on the evolving landscape of global trade.

The CMA CGM Group has shown remarkable performance in 2024. In the third quarter, the total operating revenue reached $15.83 billion, with a year - on - year growth of 38.5%.

In the United States, the trade balance in September was - $84.4 billion, marking the largest deficit since April 2022.

According to the National Retail Federation, Trump's plans involve imposing a 10% or 20% tariff on all imported goods and an additional 60% to 100% tariff on Chinese products.

In October 2024, China's exports denominated in US dollars increased by 12.7% year - on - year, far exceeding the estimated 5%.

According to IATA, air cargo demand grew by 9.4% compared to the previous year, with capacity up by 6.4% and the average cargo load factor rising to 45.6%.

The Institute for Supply Management (ISM) reported that the U.S. Manufacturing Purchasing Managers'Index (PMI) dropped to 46.5 in October from 47.2 in September, marking the lowest level since July 2023.