Focus on major logistics events | New changes in US 301 tariffs, China will implement RCEP tariff concessions with the Philippines!

Hi, it's time to focus on major logistics events every week, hot industry trends, Souhang pays attention in real time!

Sou Xiaohang sorted out the 10 pieces of information with high attention in the international trade and logistics circles last week as follows, and you can grasp the latest developments in the international frontier in 2 minutes. Come and see:

The import and export between my country and the five Central Asian countries increased by nearly 40%

According to reports, China and the five Central Asian countries continue to deepen pragmatic economic and trade cooperation, and trade development has increased both in quantity and quality. According to China Customs statistics, the import and export between China and the five Central Asian countries in the first four months was 173.05 billion yuan, a year-on-year increase of 37.3%. It is noteworthy that in April, the monthly import and export scale between China and the five Central Asian countries exceeded 50 billion yuan for the first time, reaching 50.27 billion yuan.

New changes in 301 tariffs: the exemption period continues to be extended

The Office of the U.S. Trade Representative has set an expiration date of May 15, 2023 for 81 of the 301 tariff exclusion clauses for health care-related Chinese products needed to respond to the new crown epidemic.

As it expires, USTR considers public comments submitted on the February 7, 2023 notice and recommendations from the Advisory Committee, the Interagency Section 301 Committee, and the White House COVID Response Team to provide additional provisions for the expiring waiver levies. 16-day transitional period, valid until May 31, 2023 (inclusive).

U.S. sea container routes to Asia return to normal

According to news on May 17, sea container routes from the United States to Asia are returning to normal from being blocked under the epidemic. The trend of prioritizing the delivery of empty containers has subsided, and the proportion of loaded shipments at major ports is approaching pre-pandemic levels.

Data from the Port of Los Angeles, North America's largest port, showed that 33% of containers exported in March were loaded with cargo. After reaching 35% in February, it has exceeded 30% for two consecutive months.

Japan posts 21st straight month of trade deficit

The preliminary statistical results released by the Ministry of Finance of Japan on May 18 showed that Japan’s trade deficit in April was 432.4 billion yen (1 US dollar equals 137 yen), a year-on-year decrease of nearly 50%. This is Japan’s 21 consecutive months of trade deficit..From the perspective of countries and regions, Japan achieved a trade surplus of 794.8 billion yen with the United States in April, a year-on-year increase of 23.0%; Japan's trade deficit with the EU was 72.4 billion yen, a year-on-year decrease of 62.2%.

Amazon Europe: Vine cannot be registered for bulky items

On May 18th, Amazon Europe announced that in order to improve Amazon's delivery process, bulky items will no longer be eligible to register for Amazon Vine.

Sellers will not be able to create new Amazon Vine registrations for bulky items. If a seller has registered an oversized item, the item will be eligible for review until the seller's registration period ends.

Euro zone industrial output falls more than expected

Industrial output in the euro zone was weaker than expected in March, reversing growth achieved so far this year, suggesting that pressure on investment from rising interest rates and higher inflation is hitting manufacturing.

The data showed that industrial output fell 4.1% month-on-month in March after rising 1.5% in February. The decline in industrial output was driven by capital goods (products used to develop other goods), which fell 15.4%. Other components also fell, with intermediate goods down 1.8 percent, energy down 0.9 percent and consumer nondurable goods down 0.8 percent. However, production of consumer durables rose 2.8%.

China Southern Logistics International Cargo Terminal officially opened

On May 17, the International Cargo Terminal of China Southern Airlines Logistics Co., Ltd. was officially put into operation. It is reported that the cargo terminal has pioneered the transformation of a domestic cargo terminal at an air port into an international cargo terminal. It will further unblock the service guarantee channel for export goods in Guangzhou, provide complete and high-quality airport industry chain services for many cross-border e-commerce companies, and help Guangdong, Hong Kong and Macao The high-quality development of cross-border e-commerce trade in the Greater Bay Area.

Baltic Dry Index falls

The Baltic dry bulk freight index continued to fall, hitting a near one-month low, and the freight rates of all ship types weakened. The Baltic Dry index fell 23 points, or 1.6%, to 1,402 on Thursday, the lowest since April 19.

Chengdu adds an international freight route

On May 15, SF Airlines launched its second international (regional) cargo route this year at Chengdu Shuangliu International Airport: the Chengdu-Mumbai cargo route. So far, SF Airlines has deployed eight international cargo routes at Shuangliu International Airport.

China to implement RCEP tariff concessions with the Philippines

According to news from the website of the Ministry of Finance of China on the 15th, China and the Philippines will mutually implement RCEP tariff concessions from June 2, 2023.

The ASEAN Secretariat, the custodian of the Regional Comprehensive Economic Partnership Agreement (RCEP), issued a notice that the Philippines has formally deposited its instrument of approval with the Secretary-General of ASEAN. According to the agreement, RCEP will come into effect for the Philippines on June 2, 2023.