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Global foreign trade information 9.14



Global foreign trade information 9.14

Iran's ban on imports has increased to 2,400 types! How to use TikTok to promote? Click to open an account for free now. Global foreign trade information 9.14

Iran's ban on imports has increased to 2,400 types!

Iran’s “Financial Tribune” reported that the head of Iran’s trade promotion organization Hamid Zadboom said that since March 2019, Iran’s import ban list has added 800 items, bringing the total number of banned imports to 2,400.

In the first four months of this year (March to July 2020), Iran imported goods worth 11 billion U.S. dollars, of which 84% were semi-finished products, parts, and raw materials, and the rest were consumer goods (final products), mainly rice, Bananas, mobile phones, and rice are currently included in the list of prohibited imports. So if you want to see the forex patterns according to the latest data from the Iranian General Administration of Customs, the Iraqi calendar imported goods worth US$13.7 billion in the first five months of this year (March to August 2020), a decrease of 22.7% from the same period last year. 

On September 3, local time, the U.S. State Department imposed sanctions on five companies and three individuals from Iran, the UAE, and China that participated in Iranian oil and petrochemical industry-related transactions. In a statement, U.S. Secretary of State Pompeo stated: "Our actions today reaffirm the U.S. commitment to not provide funding to the Iranian regime, allowing them to promote terrorism and other destabilizing activities.

According to the sanctioned entities and personal information released by the US Treasury Department, the list includes 5 companies registered in Hong Kong, China, 1 company headquartered in Shanghai, and 2 Chinese individuals.

SoftBank also wants to buy TikTok business, not in the United States

According to India's "Economic Times" report, Japan's Softbank has started to acquire TikTok's Indian business. People familiar with the matter said that the discussion is still in the early stages, and whether the transaction can be concluded will depend on multiple factors such as valuation and government supervision. On the 7th, many experts interviewed by the Global Times said that with SoftBank’s mediation, it is more likely that TikTok’s Indian business will be acquired by SoftBank, and the purchase price may not below.

Since the end of June this year, the Indian government has successively banned more than 200 Chinese mobile phone applications including TikTok on the grounds of alleged "endangering sovereignty integrity, national security and public order". According to the Economic Times of India, India is TikTok's largest overseas market, with at least 200 million registered users.

Sun Zhengyi, founder of Japan's Softbank Group, may be a suitable candidate to acquire TikTok's Indian business. He is already one of India's greatest foreign investors. US "Fortune" magazine said on the 6th that Sun Zhengyi's interest in the Indian market has lasted for 7 years. From 2013 to the present, SoftBank has made 43 investments in 19 companies in the Indian market. Technology unicorn companies are Sun Zhengyi's key target, and he has therefore established a dense business network in the Indian market. 

According to a recent survey conducted by the market research and technical analysis company YouGov, more than 60% of Indians hope the government will consider lifting the ban on TikTok. The main reason for this is that currently there is no app in India that can truly replace TikTok. Both Chingari and Mitron have previously exposed information security issues of varying degrees.

According to the analysis, these companies are just using the people's anti-Chinese sentiment to "beat competitors" and "money money." Due to the chaos in the Indian short video application market after TikTok was banned, many investors are currently in a "wait-and-see" state. I hope that the end of the Sino-Indian border standoff will usher in good news that the ban will be lifted.

The General Administration of Customs: In August, imports and exports to ASEAN, the European Union and Japan increased, but to the United States dropped slightly!

According to data released by the General Administration of Customs of China on September 7, China's foreign trade increased by 6% in August 2020, and exports increased by 0.8% in the first eight months. According to customs statistics, in the first eight months of this year, the total value of China's import and export of goods was 20.05 trillion yuan, a decrease of 0.6% compared with the same period last year, and the rate of decline narrowed by 1.1 percentage points compared with the previous seven months. Among them, exports were 11.05 trillion yuan, up 0.8% year-on-year; imports were 9 trillion yuan, down 2.3% year-on-year; the trade surplus was 2.05 trillion yuan, up 17.2% year-on-year.

Statistics show that in August, China's foreign trade imports and exports amounted to 2.88 trillion yuan, a year-on-year increase of 6%. Among them, exports were 1.65 trillion yuan, a year-on-year increase of 11.6%; imports were 1.23 trillion yuan, a year-on-year decrease of 0.5%; the trade surplus was 416.59 billion yuan, a year-on-year increase of 74.4%. The deployment of China Customs pointed out that among them, private enterprises have increased their imports and exports and their proportions have increased.

In the first eight months, the import and export of private enterprises was 9.21 trillion yuan, an increase of 8.5%, accounting for 45.9% of China's total foreign trade value, an increase of 3.9 percentage points over the same period last year. In addition, the import and export of state-owned enterprises was 3.02 trillion yuan, a year-on-year decrease of 13.2%, accounting for 15.1% of the total foreign trade value. Among them, exports were 944.7 billion yuan, a year-on-year decrease of 10.5%; imports were 2.08 trillion yuan, a year-on-year decrease of 14.4%.

Ministry of Commerce: China's foreign trade operations from January to August 2020, total import and export volume is 20.05 trillion

From an international comparison, my country's import and export performance is also better than the average level of the world's major economies. From January to August, foreign trade operations mainly showed the following characteristics:

One is the prominent role of the "stabilizer" of private enterprises. Private enterprises showed strong resilience and made outstanding contributions to stabilizing foreign trade. Exports increased by 8.3%, which pushed up the overall export growth rate by 4.2 percentage points, and their share increased by 3.8 percentage points to 54.9%.

Second, the proportion of exports from emerging markets continued to increase. The proportion of my exports to emerging markets increased by 0.1 percentage point to 48.8%. Among them, exports to ASEAN increased by 6.9%, and ASEAN has become China's largest trading partner.

The third is to accelerate the development of export-oriented economy in the central and western regions. The central and western regions have achieved success in undertaking the industrial gradient transfer from the eastern region. Exports increased by 6.8%, which was 6 percentage points higher than the overall growth rate, and its proportion increased by 1.1 percentage points to 18.6%.

Fourth, the export of high-tech and high value-added products grew strongly. The export of mechanical and electrical products increased by 2.1%, and its proportion increased by 0.7 percentage points to 58.5%. Among them, the growth rate of exports of integrated circuits, home appliances, mobile phones and computers reached 14.7%, 14.1%, 8.9% and 8.4% respectively. Driven by the export of anti-epidemic materials such as masks and gloves, the export of textiles and plastic products increased by 37.8% and 14.5%. Labor-intensive products are greatly affected by the epidemic, and exports are relatively weak.

Fifth, the industrial foundation is solid and general trade continues to strengthen. General trade exports increased by 2.5%, driving the overall export growth rate by 1.5 percentage points, and its proportion increased by 1 percentage point to 59.6%. The export of processing trade fell by 6.6%, and its share fell by 2.1 percentage points to 26.9%.

Sixth, new business formats such as cross-border e-commerce have become new bright spots in foreign trade growth. The policy environment and business environment for new foreign trade formats continue to be optimized, and the vitality of market entities continues to be stimulated. Cross-border e-commerce and market procurement trade exports have grown against the trend, with growth rates reaching more than double digits.

Egyptian e-commerce purchase orders increased by 500%

On September 9, according to foreign media reports, Ahmed Helmy, director and chairman of the Fashion Eve Trading Group, said in an interview that in 2020, the demand for e-commerce facilities in Egypt will surge. 500%.

Hermi said that in the context of the Egyptian government has begun to implement preventive measures against the new coronavirus pandemic, the habit of consumers choosing e-commerce sites only when there are discounts and big discounts has been changed. Nowadays, regardless of whether there are discounts and offers, users come from choosing e-commerce sites, and usually purchases include more than one product.

This resulted in a 1,000% increase in website visits, a 500% increase in purchase orders, and led most companies and business owners to start hiring more delivery staff.

The good development trend of the e-commerce industry has attracted more capital attention to Egyptian e-commerce companies. Since May this year, the Egyptian social e-commerce company Brimore, the Egyptian e-commerce platform Fatura, and the Egyptian furniture e-commerce company Drowzy have received investment or financing.

The rise of e-commerce forces the EU to amend its anti-monopoly law and plans to introduce new regulations in 2022

The European Union’s antitrust agency "European Commission" said today that with the surge in online sales and the emergence of more Internet platforms, the EU has to reconsider its antitrust regulations on sales and distribution.

The European Commission stated in a statement that it is now necessary to amend the current "vertical block exemption regulation" because there have been some problems in the market, such as agreements to keep retail prices unchanged, and restrictions on use Comparison websites, etc.

According to the current "Vertical Block Exemption Regulations", even if some companies violate the EU competition law, if their actions can result in the improvement of efficiency and consumer enhancement as stipulated in Article 101(3) of the "Treaty on Operation of the European Union" (TFEU) For positive effects such as well-being, immunity is granted. The rule was implemented in 2010 and will expire on May 31, 2022.

The European Commission said today that it will seek more feedback in the coming weeks and will announce the draft regulations next year. The goal is to complete the revision work by May 31, 2022.

Australia's exports to China plummeted

According to data from the General Administration of Customs of China, Australia’s exports to China fell by more than 26% in August. This year, Australia’s total exports to China fell by 7.5% year-on-year to US$75.7 billion. That month, China's imports from Australia fell more than any other country, making it the largest drop. Prior to July, according to data from the Australian Bureau of Statistics, Australia’s exports to China fell 16% year-on-year, with exports of iron ore and coal falling.

In order to prevent the re-export of Chinese products to India India strengthens the inspection of the origin of ASEAN

Indian Minister of Commerce and Industry Goyal stated at the 17th ASEAN-India Economic Ministers Consultation Meeting on August 29 that ASEAN has been asked to strengthen its "rules of origin" to prevent ASEAN member countries from re-exporting Chinese products to India.

Goyal requested that the ASEAN-India Trade in Goods Agreement (AITIGA) be reviewed as soon as possible, believing that the trade agreement harms the interests of India, especially in violation of the rules of origin. A government official revealed that many Chinese products enter the Indian market through ASEAN, which puts the Indian manufacturing industry at a disadvantage. The Indian side hopes to determine the scope of review and make preliminary preparations before the ASEAN-India Leaders Summit in November. A comprehensive review will begin before the end of the year.

As early as August, news that the Indian government was considering reviewing the ASEAN-India free trade agreement has spread. Sources said that the Indian government prefers a more mutually beneficial free trade agreement. Currently, India has a trade deficit with most ASEAN countries.

In addition, from September 21, India will implement rules of origin for imported goods under the Free Trade Agreement with ASEAN (FTA). According to this regulation, only value-added goods can be exported to India. This rule helps to curb dumping of goods. Indian Finance Minister Sitharaman said that the free trade agreement needs to be consistent with the "self-reliance" policy direction, and that imported goods that pose a threat to domestic industries need to be strictly reviewed.

China's textile anti-epidemic materials promote export growth!Still facing a lot of pressure in the second half of the year

In the face of the epidemic, the textile industry uses its production capacity advantages to promote export growth. In the first half of 2020, the new crown pneumonia epidemic has swept the world and has a major impact on the economic and trade patterns of countries around the world, disrupting the rhythm of my country's textile and apparel import and export.

In the first quarter of 2020, my country's textile and apparel trade mainly encountered practical difficulties such as domestic suspension of production and work, isolation of personnel and poor logistics. In the second quarter, it continued to face the risk of order cancellation and reduction, and production and exports once fell sharply. However, the stable and solid textile and apparel industrial chain and supply chain that my country has formed over the years have withstood severe tests.

With the help of a series of national policies and measures to "stabilize foreign trade", since the second quarter of 2020, the vitality of the domestic market has been stimulated, business confidence has gradually recovered, and the national trade in goods has stabilized. Imports and exports have stopped falling in June. Rise, realizing the first growth in the year.

In the second half of the year, the epidemic and other negative factors remain unabated, and exports are still facing a lot of pressure. The preliminary forecast is that the order situation in the autumn of 2020 will hardly improve, and the export of bulk commodities will continue to decline in the third quarter. The export of epidemic prevention materials will still maintain a relatively high scale, but the growth rate will slow down. Based on a comprehensive judgment, in the third and fourth quarters of 2020, there is not enough room for my country's exports to rise, and the whole year's stabilization and recovery are still under pressure.

In order to relieve the crisis and relieve the difficulties, policies are used to help enterprises to tide over the difficulties. In the face of the epidemic, the state attaches great importance to scientific decision-making and strict deployment to quickly stop the spread of the epidemic: In order to ensure production and foreign trade exports, various ministries and local government departments are organized, A series of policies and measures have been introduced to steadily promote the resumption of work and production, as well as to “stabilize foreign trade”, “stabilize foreign investment” and “promote consumption”; from unblocking foreign trade transportation channels, reducing logistics costs in import and export links, reducing taxes and fees, facilitation of tax rebates, and supporting The development of new business formats and new models of foreign trade, strengthening export credit insurance, supporting export products for domestic sales, promoting employment, etc. provide precise assistance to enterprises; in view of the current situation of limited personnel exchanges and the inability to hold physical exhibitions, through the online Canton Fair, Promote online live broadcasts and cloud exhibitions to help companies grasp business opportunities and reduce participation costs.

The "Implementation Opinions of the General Office of the State Council on Supporting the Transfer of Exported Products to Domestic Sales" puts forward that "support for export products to enter the domestic market" and "multi-channel support for transfer of domestic sales" to help companies develop the domestic market and build a new domestic and international "dual cycle" that promotes each other. Development pattern.

In response to the problems in the second half of 2020, the textile and apparel industry calls for and recommends that the country further introduce specific assistance measures to stabilize the basic foreign trade, provide financing channels for the majority of small and medium-sized enterprises, reduce financing thresholds and costs; promote market diversification, and accelerate cooperation The cooperation and development of countries along the “Belt and Road”; further optimize the business environment, enhance the level of trade facilitation, and accelerate the speed of customs clearance for export commodities; strengthen the standardized management and taxation system of the domestic market, provide financial support to promote enterprises to actively participate in cross-border e-commerce sales, Participate in online exhibitions. It is hoped that textile and apparel exports in the second half of 2020 can achieve better than expected results under the escort of national policies.

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