Colombia plans to impose 40% import duties on clothing, textiles

Colombia: Proposes to impose 40% import tariff on clothing and textiles

According to Jiemian News, Colombian President Gustavo Petro stated on social media on November 2 that the Colombian government plans to issue a decree to impose a 40% import tariff on clothing and textiles.

Germany: The import and export volume of goods in September fell month-on-month

According to CCTV news, the data released by the German Federal Statistical Office on November 2 local time showed that after adjusting for working days and seasons, the export and import of German goods in September were 134.5 billion euros and 130.8 billion euros respectively, a decrease of 0.5% from the previous month. % and 2.3%, up 20.3% and 30.7% respectively year-on-year.

China-Vietnam: Trade volume exceeded 200 billion for the first time

According to Beijing Business Daily, thanks to the "integrated supply chain", in 2021, the import and export trade volume between China and Vietnam will reach 230.2 billion U.S. dollars, breaking through the 200 billion U.S. dollar mark for the first time.

South Korea: Exports of petroleum products hit a record high in the third quarter

According to the Yonhap News Agency, the Korean Petroleum Association stated that the export volume of petroleum products in the third quarter of this year by four refiners including SK Energy, GS Caltex, s-oil, and Hyundai Oil Bank was 133 million barrels, with an export value of 16.343 billion US dollars. , respectively increased by 19.0% and 81.2% over the same period last year, hitting a record high.

India: Extend sugar export restrictions for a year

According to CCTV Finance, the Indian government recently announced that the export restrictions on sugar (raw sugar, refined sugar and white sugar) will be extended for one year until October 31 next year to ensure the supply of sugar in the domestic market. The restriction does not apply to sugar exported to the EU and the US under tariff reduction quotas.

Vietnam: In 2022, the trade surplus may exceed 10 billion U.S. dollars

According to the economic and commercial office of the Chinese embassy in Vietnam, Vietnam's "People's Daily" reported that according to statistics from Vietnam Customs, as of October 20, the import and export volume of Vietnam’s goods was 620 billion U.S. dollars, of which exports were 313.85 billion U.S. dollars and imports were 306.1 billion U.S. dollars, with a trade surplus. Nearly $8 billion. Following this momentum, it is estimated that in 2022, Vietnam's total import and export of goods will reach US$800 billion, and the trade surplus is expected to exceed US$10 billion.

Nepal: Electric vehicle imports soar five-fold in first quarter of fiscal year

According to the Economic and Commercial Office of the Chinese Embassy in Nepal, the Republic newspaper reported that Nepal imported 705 electric vehicles (EVs) in the first quarter of this fiscal year, almost five times the number imported in the same period last year.

EU: Ban the sale of new fuel vehicles from 2035

According to Chinanews.com, Reuters reported that the European Union recently reached an agreement on a law to ban the sale of new gasoline and diesel vehicles from 2035, aiming to accelerate the transition to electric vehicles and combat climate change.