Foreign trade events this week

Burst
Two container ships collided and had been attached to China
At about 8:35 a.m. on January 28, the container ship "WAN HAI 272" collided with the container ship "SANTA LOUKIA" near the No. 9 buoy on the approach channel of Bangkok. The ship is grounded and the ship is delayed!
According to the data of the big ship schedule, "WAN HAI 272" docked at Hong Kong Port on January 18-19 and Shekou Port on January 19-20, involving the shared cabins of PIL and WAN HAI.
The ship was scheduled to arrive in Linchaban on January 28, but so far it is still stranded at the accident site, and the ship has been delayed.
Attention of freight forwarders and shippers with cargo stowed on this ship! Pay attention to the information of the shipping company in a timely manner to understand the damage of the goods and the delay of the shipment.
exhibition
The 133rd Canton Fair will fully resume offline exhibition
The person in charge of the China Foreign Trade Center said on January 28 that the 133rd Canton Fair is scheduled to open on April 15 and will resume offline exhibition.
It is reported that the 133rd Canton Fair will be held in three phases. The exhibition hall area will expand from 1.18 million square meters in the past to 1.5 million square meters, and the number of offline exhibition booths is expected to increase from 60000 to nearly 70000.
At present, the invitation has been sent to 950000 domestic and foreign buyers, 177 global partners, etc. in advance.
U.S.A
The Federal Reserve announced a 25 basis point interest rate increase
Import foreign trade agent
At 3:00 a.m. Beijing time on February 2, the Federal Reserve announced after the meeting that it would raise the target range of the federal funds rate by 25 basis points to between 4.50% and 4.75%.
So far, the Federal Reserve has raised interest rates for the eighth consecutive time, with a total increase of 450 basis points. The target range of the federal funds rate has risen to the highest level since September 2007.
On February 2, the decline of the US dollar index expanded, with a sharp drop of 1%. The offshore RMB rose above 6.72 yuan against the US dollar, up more than 400 points from the previous day's closing peak.
Obviously, the market has fully expected the Fed to raise interest rates by 25 basis points, and the future monetary policy path is the focus of the market.
Finland
Finland strengthens food import control
On January 13, 2023, according to the Finnish Food Administration, the organic products imported from outside the European Union and the countries of origin were subject to more in-depth monitoring, and all batches of organic imported food documents from January 1, 2023 to December 31, 2023 were carefully examined.
The customs will take samples from each batch according to the risk assessment of pesticide residue control. The selected batches of goods are still stored in the warehouse approved by the customs, and are forbidden to be transferred until the analysis results are received.
Strengthen the control of the product groups and countries of origin involving the Common Nomenclature (CN) as follows: (1) China: 0910110020060010, ginger (2) China: 0709939012079996129995, pumpkin seeds; (3) China: 23040000, soybeans (beans, cakes, flour, slate, etc.); (4) China: 0902 20 00, 0902 40 00, tea (different grades).
the republic of korea
South Korea revised import and export beer and turbid liquor tax rate
On December 31, 2022, the Ministry of Planning and Finance of the Republic of Korea revised the Alcohol Tax Law to adjust the tax rate of imported and exported beer and turbid liquor.
The main contents include:
(1) The government calculates the tax rate according to the determined calculation formula every year;
(2) Before December 31, 2023, the tax rate of enterprises that import and export containers of 8 liters and above separately packaged and sold directly is 80% of the prescribed tax rate.
(3) The amount of trade less than 100 won is exempted from collection;
(4) The revised content will be implemented from April 1, 2023.
Relevant industry suppliers understand.
Lebanon
Lebanon adjusted its official fixed exchange rate against the US dollar, and the Lebanese pound depreciated by 90%
Reuters reported on January 31 that Riad Salama, governor of the Lebanese Central Bank, announced that Lebanon would adopt a new official fixed exchange rate from February 1.
The official fixed exchange rate of the Lebanese pound against the United States dollar will be adjusted from 1507.5:1 to 15000:1. After adopting the new exchange rate, the Li pound will depreciate by 90%.
Although Lebanon has never formally implemented capital controls, banks have implemented controls on their own since 2019, strictly restricting the withdrawal of US dollars and Lebanese pounds.
It is also expected that the change of exchange rate will not alleviate the pain point that Lebanese importers are unable to freely use US dollar savings.
anti-dumping
The GCC made a final decision on the taxation of superabsorbent polymer products
Recently, the Technical Secretariat of the GCC International Trade Anti-Dumping Practices issued an announcement to make a positive final determination on the anti-dumping case of the super absorbent polymer imported from China, South Korea, Singapore, France and Belgium [Acrylic Polymers, inprimary forms (super absorbent polymer) - mainly used for baby or adult diapers and sanitary napkins], and decided to impose anti-dumping duties on Saudi Arabian ports for five years from March 4, 2023.
The customs tariff number of the products involved in the case is 39069010, and the tax rate of the products involved in the case in China is 6% - 27.7%.
Relevant industry suppliers understand.
anti-dumping
India makes final anti-dumping decision on vinyl tiles
Recently, the Ministry of Commerce and Industry of India issued an announcement that it made a final affirmative determination on anti-dumping of vinyl tiles originating in or imported from Chinese Mainland and Taiwan, China, except roll and sheet tiles, and proposed to levy anti-dumping duties on the products involved in the above countries and regions for a period of five years.
This case involves products under Indian Customs Code 3918.
India
India revised the entry order of high-risk food at designated ports
Recently, the Food Safety Standards Authority of India (FSSAI) revised the entry order of high-risk food at designated ports, and revised some of the contents of the order on October 17, 2022. The main contents include the increase of designated entry ports from 61 to 75, and the implementation date of the order is March 1, 2023.