The EU Votes to Support the Imposition of Anti - subsidy Duties on Chinese Electric Vehicles | Shanghai Import/Export Agent
October 8, 2024 11:25
The EU Votes to Support the Imposition of Countervailing Duties on Chinese Electric Vehicles
The member states of the European Union voted on the final ruling proposal of the anti - subsidy investigation on Chinese electric vehicles. The result was that 10 countries supported, 5 countries opposed, and 12 countries abstained. According to the rules, abstentions are regarded as approvals, and the European Commission will advance the plan to impose anti - subsidy duties on Chinese electric vehicles.
The Threat of a Dock Strike in the United States is Resolved, and the Two Sides Reach a Preliminary Agreement
Recently, on September 25, Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto stated that Indonesia has formally submitted its application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to New Zealand. This move aims to expand Indonesias access to international markets, promote domestic structural reforms, and enhance national...
The Thai Baht Appreciates to a 30 - month High, and Thai Exporters Face Pressure
The exchange rate of the Thai baht against the US dollar has risen to its highest level in 30 months, affecting the competitiveness of Thai exporters. The government and the central bank are considering taking measures to address this, including a possible interest rate cut policy. Market analysts predict that the appreciation trend of the Thai baht may continue in the short term.
Canon Announces the Supply of the Next - Generation Semiconductor Manufacturing Equipment to the US
Canon will supply the next - generation semiconductor manufacturing equipment using nano - imprint technology. It is expected to be delivered to the Texas Electronics Research Institute in October, promoting the development of the semiconductor industry. This technology has the advantages of low - cost and high - precision production.
The strike threat at ports on the US East Coast may lead to serious supply chain disruptions.
The International Longshoremens Association (ILA) has failed to reach an agreement with the United States Maritime Alliance (USMX) over wage issues and may launch a large-scale strike starting October 1, affecting ports on the U.S. East Coast and Gulf Coast. This could lead to significant supply chain pressure and economic losses.
Five Export Enforcement Countries Strengthen Cooperation to Prevent Sensitive Technologies from Flowing into Russia
The Five Export Enforcement Countries, consisting of Australia, Canada, New Zealand, the United Kingdom, and the United States, held a meeting in Washington, D.C., reaffirming their commitment to strengthening export controls on Russia to prevent sensitive technologies and materials from being diverted to support Russias actions against Ukraine.
In the second quarter of 2024, the EUs energy imports declined, and the import value of oil and gas decreased.
According to Eurostat data, in Q2 2024, both the volume and value of EU energy imports declined. Oil imports decreased by 2.2%, while the value of gaseous natural gas and LNG imports fell by 31.4% and 41.2% respectively. The EU is seeking to diversify its energy sources.
Mainland suspends tariff exemption policy for some agricultural products from Taiwan
According to a September 18 announcement on the Ministry of Finance website, the Customs Tariff Commission of the State Council has decided to terminate the import tariff exemption policy for 34 agricultural products originating from Taiwan, including fresh fruits, vegetables, and aquatic products, effective September 25, 2024. Import tariffs for these products will be implemented in accordance with current regulations.
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