On May 9, 2023, the U.S. Consumer Product Safety Commission (CPSC) issued a final rule notification regarding updates to the safety standards for bedside cribs. According to the new rule, CPSC will adopt the updated ASTM F2906-23 standard by the American Society for Testing and Materials as the latest mandatory safety standard for bedside cribs. The new rule is expected to take effect on August 5, 2023.
At the International Cross-Border E-Commerce Development Forum of the 40th China Langfang International Economic and Trade Fair, Lü Daliang, spokesperson of the General Administration of Customs and Director of the Department of Statistical Analysis, revealed a new milestone for Chinas cross-border e-commerce. In 2022, Chinas cross-border e-commerce import and export scale exceeded 2 trillion yuan for the first time, a 7.1% increase from 2021, injecting new momentum into Chinas foreign trade development.
The worst drought in 70 years is affecting the Panama Canal. To cope with the continuous decline in water levels, the management has had to impose stricter restrictions on vessel draft and reduce the number of ships passing through. This situation has raised concerns among industry professionals, as international logistics costs may rise as a result.
Vietnam, as a new global manufacturing hub, is experiencing an energy crisis triggered by the El Ni?o phenomenon. The surge in electricity demand due to high temperatures and reduced power supply has led to electricity shortages in the northern regions. Industrial parks and manufacturing plants housing major companies like Samsung, Foxconn, and Canon have been forced to implement measures such as reducing peak-hour electricity usage and rotating power outages.
According to the Regulations of the Peoples Republic of China on Certification and Accreditation, the Measures of the Peoples Republic of China for the Administration of Compulsory Product Certification Bodies and Laboratories, and the Announcement of the Certification and Accreditation Administration of the Peoples Republic of China on Designating Implementation Bodies for Compulsory Product Certification of Lithium - ion Batteries and Other Products (No. 5, 2023), the Certification and Accreditation Administration of the Peoples Republic of China (hereinafter referred to as the CNCA) hereby announces the decision on designating laboratories for the compulsory product certification (3C certification) of lithium - ion batteries and battery packs, mobile power supplies, etc. used in electronic and electrical products.
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The EU Imposes Prohibitive Tariffs on Chinese Biodiesel. This Move May Exacerbate the Tightening of Energy Supply, Affect the Energy Transition Plan, Trigger Trade Tensions, and at the Same Time Reflect the Rise of Global Trade Protectionism, Having a Profound Impact on Sino - EU Trade Relations and the Global Energy Market.
The Standing Committee of the National Peoples Congress of the Peoples Republic of China reviewed and approved the Amendment to the Stockholm Convention on Persistent Organic Pollutants to List Three Types of Persistent Organic Pollutants such as Polychlorinated Naphthalenes and the Amendment to the Stockholm Convention on Persistent Organic Pollutants to List Three Types of Persistent Organic Pollutants such as Short - Chain Chlorinated Paraffins (hereinafter collectively referred to as the Amendment) at its 38th meeting on December 30, 2022. The Amendment will come into force in China from June 6, 2023.
On June 12, Mediterranean Shipping Company (MSC)s Dalian - India - Malaysia route was officially launched and put into operation at the Dalian Port. This is another Asian regional route laid out by MSC based on the Southeast Asia route PERTIWI launched in 2022. This time, it is planned to deploy 6 container ships of 2,500 - 3,500 TEU, call at the main ports of RCEP member countries such as Indonesia and Malaysia, and provide customers with direct - sailing services from the Dalian Port to Semarang, the third - largest port in Indonesia.
In order to further promote economic and trade exchanges between the Chinese mainland and Hong Kong, in accordance with the relevant provisions of the Goods Trade Agreement under the Mainland and Hong Kong Closer Economic Partnership Arrangement, the General Administration of Customs has revised the origin criteria for HS Code 0902.30 in Annex 1 of Announcement No. 39 of the General Administration of Customs in 2022. The new criteria will come into effect on July 1, 2023.
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PSB Record: Shanghai No.31011502009912
