General Administration of Customs: Suspend the import of mangoes from Taiwan to the mainland

NO.1 General Administration of Customs: Suspend the import of mangoes from Taiwan to the mainland

According to information on the official website of the General Administration of Customs, the Department of Animal and Plant Quarantine of the General Administration of Customs issued a notice to suspend the import of Taiwan mangoes to the mainland because the mainland customs detected quarantine pests from mangoes exported to the mainland from Taiwan.

The notice shows that the mainland customs has recently detected a quarantine pest—Planococcus minor—from mangoes exported to the mainland from Taiwan. In order to prevent the risk of plant epidemics, in accordance with the relevant laws, regulations and standards of the mainland, it has been decided to suspend the import of mangoes from Taiwan to the mainland from August 21, 2023. All customs will suspend the acceptance of mango declarations in Taiwan from August 21, 2023, and promptly notify the relevant enterprises in the jurisdiction of the above situation.

NO.2 Quebec, Canada will implement a ban on flavored e-cigarettes from October 31

Canada is one of the world's three largest e-cigarette markets, with sales of e-cigarettes reaching US.98 billion in 2022. But recently, Quebec, Canada’s most populous province, passed a ban on flavored e-cigarettes, which will prohibit the sale of e-cigarette products with flavors other than tobacco, as well as e-cigarette devices with a capacity of more than 30 ml of bottled e-cigarette liquid and a capacity of more than 2 ml of pre-filled e-cigarette liquid.

The flavor ban will come into effect on October 31, when most Quebec vape shops will likely be closed. In addition, British Columbia, Ontario and Saskatchewan have restricted the sale of flavored products to adult-only stores, such as vaping stores.

NO.3 Indonesia's restricted imports are expected to lose 1.5 trillion yuan per year

Some time ago, the news that Indonesia is planning to take measures to restrict the sales of imported goods below US0 on the platform has been overwhelming, and has been unanimously recognized by Indonesian small, medium and micro enterprises. However, recently, some associations have raised different opinions and believe that this measure should not be implemented. , once implemented, will bring harm to the country.

Boyamin Saiman of the Indonesian Association MAKI said that from a tax point of view, air (cross-border) cargo transportation is a source of general state revenue, so if this ban is implemented, state tax revenue will be reduced by 1.5 trillion rupiah per year. He stated that if there is no normal cross-border platform/procedure for importation, the goods will be imported in a way that is difficult to monitor and control, namely smuggling.

NO.4 Thailand's second-quarter GDP grew by 1.8% year-on-year

Thailand's National Economic and Social Development Council said on Monday that the country's GDP grew by 1.8% year-on-year in the second quarter of this year, far below market expectations of 3%, and a sharp slowdown from the 2.7% growth rate in the first quarter. Compared with the first quarter, GDP in the second quarter increased by 0.2% quarter-on-quarter, which was also lower than the market expectation of 1.2%.

The Thai government cut its 2023 GDP growth forecast to 2.5-3.0% from 2.7-3.7% previously, citing slower exports. The slowdown in economic growth could prompt the Bank of Thailand to stop tightening monetary policy in order to maintain the momentum of economic growth led by tourism. This will be key to supporting economic growth.

NO.5 South Korea's inflation rate in the second quarter reached 3.2%

National consumer prices in South Korea rose 3.2 percent year-on-year in the second quarter of this year due to rising costs of utilities and eating out, Statistics Korea data showed on Monday. Among them, the cost of utilities rose by 24.3% year-on-year, and the cost of eating out also rose by 7%.

In addition, South Korea's mining and manufacturing output fell 7.4% year-on-year in the second quarter, due to sluggish performance in semiconductors, electronic components, chemicals and other industries. Retail sales rose 2.8% year over year in the second quarter.