JAPAN’S WHOLESALE PRICES ROSE BY 4.9 PERCENT IN MAY

Highlights –

• Japan’s wholesale prices rose by 4.9 percent in May.
• In April, wholesale prices increased 3.8 percent.
• Wholesale prices of petroleum and coal products surged 53.5 percent from a year earlier.
• Electricity,...

CHINA’S IMPORT OF COSMETICS FROM JAPAN ROSE 30 PERCENT IN 2020

Highlights –

• China’s import of cosmetics from Japan rose 30 percent in 2020.
• Chinese consumers using cross-border e-commerce platforms.
• In 2020, China's cosmetics imports reached about $17.3 billion.
• The Chinese g...

JAPAN’S WHOLESALE PRICES IN FEBRUARY 2021 FELL BY 0.7 PERCENT

Highlights –

• Japan’s wholesale prices in February 2021 fell by 0.7 percent.
• The prices of goods traded between companies marked the 12th straight monthly fall.
• The country’s electricity, gas, and water bills fell 11.3 perc...

S. KOREA’S EXIM BANK REPORTS EXPORTS LIKELY TO EXPAND BY 12 PERCENT

Highlights –

• S. Korea’s Exim Bank reports exports likely to expand by 12 percent.
• The country’s exports are likely to expand with strong demands for chips and cars.
• Outbound shipments are expected to reach around $145 bill...

IMPORT DUTY RAISED ON PARTS OF MOBILE PHONES AND CHARGERS IN NEW BUDGET

HIGHLIGHTS

• The new Union Budget has proposed to impose to import duty on the components of mobile phones and chargers.
• This move can impact the prices of mobile handsets.
• Mobile manufacturers are likely to increase the purchase and use of c...

MYANMAR POLICE DETAINED FORMER LEADER AUNG SAN SUU KYI FOR BREAKING IMPORT-EXPORT LAW

HIGHLIGHTS

• Myanmar police have levied charges against removed pioneer Aung San Suu Kyi for supposedly unlawfully bringing in communication equipment and she will be kept until Feb 15, as per a police document seen by Reuters

Myanmar's milit...

INDIA BANS IMPORT OF AIR CONDITIONERS WITH REFRIGERANTS

HIGHLIGHTS

• Indian government has imposed a ban on the import of air conditioners with refrigerants.
• Indian government wishes to boost the production of air conditioners in India.

On Thursday, 15 OCT 2020, The Indian government announ...

JAPAN AND BRITAIN TO CONCLUDE POST-BREXIT TRADE PACT SOON; BRITISH CHEESE KEY ISSUE

Highlights –

• Japan and Britain to conclude post-BREXIT trade pact soon; British cheese key issue.
• The Japan-EU free trade agreement will be implemented from Jan 1, 2021.
• Britain was asking for preferential treatment for its cheese as...

INTERNATIONAL POTATO TRADE IN UNITED KINGDOM DECREASED

Highlights:

• the latest data provided by the United Kingdom customs agency or HMRC, shows that both exports and imports of potatoes were decreased
• Since March, the imports of the processed potatoes have been lagging behind

The United ...

JAPAN EFFECTIVELY REPORT LOWER IMPORTS OF FUEL TO POWER NUCLEAR PLANTS

Highlights –

• Japan effectively report lower imports of fuel to power nuclear plants.
• The country hardly imported any such fuel last year.
• Stricter safety measures have been imposed on nuclear plant operators after the 2011 Fukushima ...

EXPORTS TO HONG KONG RESTRICTED BY EUROPEAN UNION

Highlights:

• European Union will restrict the exports to Hong Kong
• German Foreign Minister said that Hong Kong should be treated the same as its mainland China

On Tuesday the European Union is going to restrict the ex...

Concessions would be a sign of strength, says leading reformist Li Ruogu

A key pro-reform figure in Beijing called for meaningful structural changes in the trade war on Saturday that addressed some US demands, saying concessions would be a sign of strength.

Li Ruogu, a former chairman of China's Export-Import Bank, said that this move would be essential ...

Import of Onions to crush the finances more?

The finances of the nation are failing, and this has been pretty clear, but the government seems like it has been pretty oblivious to this fact and has been increasing the purchases and not cutting down on the expenses trying to save the rest of the finances of the nation. The nation has also bee...

Expansion of trade at the 125th China Import and Export Fair

At the 125th Canton Fair (also called China Import and Export Fair), International Pavilion will be featuring exhibitors from thirty-eight different regions and countries, sighting an increase of 11 percent. Debuts will be made by the freshly added exhibitors, which include Ukraine, Russia, Kuwait, ...