Trade

Oil, LNG Trade Flow Hike As US Extends China Trade Tariff Deadline

  • The US plans to raise tariffs on $200 billion of Chinese goods to 25% from 10% if trade negotiations with Beijing did not yield an agreement.
  • Both China and the U.S. confirmed that their talk had “substantial progress” on important structural issues, and scheduled increase in tariffs delayed.
  • China imposed a 10% retaliatory tariff on US LNG imports effective September 24, but does not yet have any tariffs on US crude.
  • US crude exports to Asia are set to swell over March and April, aided by a...

http://mfame.guru/oil-lng-trade-flow-hike-as-us-extends-china-trade-tariff-deadline/

Record trade numbers in Georgia, USA

Despite an ongoing trade war that has caused considerable readjustments in supply chains and led some to fret about the effects of tariffs on global growth, Georgia’s trade numbers returned to record levels after moderate growth last year. 

Exports from the state in 2018 soared nearly 9 percent to a record $40.5 billion, marking the first time international sales figures have ever crossed that threshold. 

Total trade — the sum of the state’s imports and exports — also grew to $139.3 billion, an...

https://container-news.com/record-trade-numbers-georgia-usa/

Top beneficiary countries of Sino-Africa trade

Trade import and export volumes between China and countries from Africa have grown significantly in 2018, but only 15 countries from the continent have benefited from the growth.

According to Chinese customs service, most of these countries are located in sub-Saharan Africa, with the exception of Libya.

These are Angola, South Africa, Congo, DRC, Zambia, Gabon, Equatorial Guinea, South Sudan, Guinea, Zimbabwe, Eritrea, Namibia, Niger and the Central African Republic.

These countries are mainly...

http://container-news.com/top-beneficiary-countries-sino-africa-trade/

China’s foreign trade to remain steady in 2018

China’s foreign trade will maintain steady growth in 2018, as the country’s economy posted stable performance amid mounting external uncertainties, according to a report released by the Ministry of Commerce.

China’s foreign trade saw fast growth in the first three quarters, the report said.

The country’s goods trade rose 11.1 percent year-on-year to 27.88 trillion yuan (about 4 trillion U.S. dollars) in the first 11 months this year, customs data showed.

Exports rose 8.2 percent year-on-year to...

http://container-news.com/china-trade-steady-2018/

Azerbaijan’s trade operations

In January-October, legal entities and individuals of Azerbaijan carried out trade operations with 178 countries, products were exported to 104 countries and imported from 171 countries.

The State Statistical Committee told AZERTAC that in January-October 2018 foreign trade turnover of the country amounted to $ 26.534,3 billion, while export amounted to $ 17.281,7 billion, import – $ 9.252,6 billion. This resulted in a positive trade balance of $ 8.029,1 billion.

Foreign trade turnover increased...

http://container-news.com/azerbaijan-trade-operations/

East African bloc to simplify trade

Meeting in Nairobi, East African Community ministers pledge to undertake trade facilitation reforms in line with continental and WTO agreements.

Burundi, Kenya, Rwanda, the United Republic of Tanzania and Uganda agreed on 13 December to make trade between them and with other countries cheaper, faster and more straightforward in a significant boost for economic integration in East Africa and continental trade facilitation.

Meeting in Nairobi, Kenya, representatives of the nations – who are members...

http://container-news.com/east-african-bloc-simplify-trade/

Botswana hopes CIIE to boost its trade with China

Botswana’s investment and trade promotion body is optimistic that the southern African country’s participation at the maiden China International Import Expo (CIIE) will boost its trade with China.

Kutlo Moagi, spokesperson at the Botswana Investment and Trade Centre (BITC), said the import expo to be held on Nov. 5-10 in Chinese city Shanghai will bring new opportunities of trade and economic development to Botswana.

“We are seeing a positive development and big opportunities coming the Botswana...

http://container-news.com/botswana-ciie-trde-china/

Peter Thomson, United Nations Secretary-General’s Special Envoy for the Ocean

Peter Thomson @ThomsonFiji the United Nations Special Envoy for the Oceans, was one of the keynote speakers at the Opening Oceans Conference in Copenhagen, May 2-3, 2018 and I managed to catch him for an interview. 

He travels the world to promote and advocate for the SDG 14: Conserve and sustainably use the oceans, seas and marine resources for sustainable development 

Peter says it has been an uphill battle until the Ocean Conference in New York 2017, where the governments of Fiji & Sweden left...

https://shippingpodcast.com/peter-thomson-united-nations-secretary-generals-special-envoy-for-the-ocean/

Sharjah initiates first GCC TIR shipment

The first ever intermodal TIR operation between the Gulf Cooperation Council (GCC) and the EU took place recently, with a container leaving the UAE bound for Europe under a single customs transit document and a single guarantee. According to the IRU, TIR offers huge potential for improving transit connectivity between ports and borders with free zones and integrating them into the global logistics chain. The UAE’s strongest trading partners are India and China, both part of the TIR networks...

https://www.themaritimestandard.com/sharjah-initiates-first-gcc-tir-shipment/

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