GTKonnect

A leading Integrated Global Trade Management software company.
A platform of choice for growing numbers of Fortune 500 organizations.

[European Commission @EU_Commission]

The EU-Japan Economic Partnership Agreement enters into force on 1 February 🇪🇺🇯🇵
Businesses and consumers across Europe and in Japan can now take advantage of the largest open trade zone in the world:
635 million people, 1/3 of global GDP
#EUJapan #EUtrade

[Hanumantha Rao B @HanumanthaRaoB7]

#Russia expanded a ban on imported goods from #Ukraine by halting $500 million worth of annual #Imports of industrial goods as well as some agricultural products, raw materials and food in retaliation for economic #Sanctions by Ukraine. #TradeAlert @iKonnectPlus @GTKonnect

[Hanumantha Rao B @HanumanthaRaoB7]

#China has imposed anti-dumping duties on #BUtylAlcohol from #Taiwan with 6%-56.1%, #US with 52.2%-139.3% and #Malaysia with 12.7%-26.7%. #TradeAlert @iKonnectPlus @GTKonnect

[Hanumantha Rao B @HanumanthaRaoB7]

#Malaysia tightens controls on #Chilli #Import by suspending #ImportPermits, due to pesticide residue above permissible level and available locally, customs and Malaysian Quarantine and Inspection Services (#MAQIS) are working together. #TradeAlert @iKonnectPlus @GTKonnect

[Hanumantha Rao B @HanumanthaRaoB7]

#India to allow #Imports of #US dairy products, if veterinary officials certify that source animals were not given feed made of bovine extracts, and suggested US to follow similar mechanism of certification as #Australia, #NewZealand and #EU. #TradeAlert @iKonnectPlus @GTKonnect

[Hanumantha Rao B @HanumanthaRaoB7]

#Pakistan announced that 500 products that fall under 15 tariff lines from now have to file #ImportDeclarations only through a #CustomsAgent to ensure compliance. #TradeAlert @iKonnectPlus @GTKonnect

[Hanumantha Rao B @HanumanthaRaoB7]

#India lifts ban on raw material #Import for manufacturing biofuel and biodiesel which can now be imported without a license from #DGFT. #TradeAlert @iKonnectPlus @GTKonnect

[Hanumantha Rao B @HanumanthaRaoB7]

#Indonesia abolished #Import duties of up to 30% on 20 #Pakistani products in a trade deal to secure more than one billion dollars of #PalmOil #Exports. #TradeAlert @iKonnectPlus @GTKonnect

[Hanumantha Rao B @HanumanthaRaoB7]

#Portugal signs agreement with #China on Belt and Road Initiative, which is set to include port of Sines in Chinese investment plans. #TradeAlert @iKonnectPlus @GTKonnect

[Hanumantha Rao B @HanumanthaRaoB7]

#Angola sets new #Import rules for 54 products to accelerate #ImportSubstitution, including glass containers, wheat flour, pineapple, sugar, mineral water, beans, eggs, oil, onions and salt. With a view to prioritize domestic production. #TradeAlert @iKonnectPlus @GTKonnect

[Hanumantha Rao B @HanumanthaRaoB7]

#US #Importers now may claim a $1.07/gallon #Excise duty for #Wines of 14% to 16% alcohol by volume, which implements a tax reduction under Craft Beverage Modernization and Tax Reform Act (#CBMA), which was previously $1.57/gallon.#TradeAlert @iKonnectPlus @GTKonnect

[Hanumantha Rao B @HanumanthaRaoB7]

#Indonesia officially cuts #CrudePalmOil #Export duty to zero, from $50/mt previously. #TradeAlert @iKonnectPlus @GTKonnect

[Hanumantha Rao B @HanumanthaRaoB7]

#Taiwan votes to maintain #ImportBan on #FukushimaFood #Imports from #Japan. #TradeAlert @iJonnectplus @GTKonnect

[Hanumantha Rao B @HanumanthaRaoB7]

#ComprehensiveEconomicPartnershipAgreement (#CEPA) between #India and #SouthKorea to make Telecommunication equipments duty free, and general #CustomsDuty is 20% effective from Oct 12, 2018. #TradeAlert @iKonnectPlus @GTKonnect

[Hanumantha Rao B @HanumanthaRaoB7]

#US Department of Commerce's Bureau of Industry and Security (#BIS) identifies emerging technologies for potential new Export Control Restrictions which would have more restrictive #Export #Licensing requirements. #TradeAlert @iKonnectPlus @GTKonnect

[Hanumantha Rao B @HanumanthaRaoB7]

#Kosovo said that 100% #CustomsTariffs imposed on products #Imported from #Serbia will be removed, if #Belgrade recognizes Kosovo as an independent state. #TradeAlert @iKonnectPlus @GTKonnect

[Hanumantha Rao B @HanumanthaRaoB7]

#Malaysia to impose a 5% state sales tax on all #Seafood #Exports with effect from Jan 1, 2019. #TradeAlert @iKonnectPlus @GTKonnect

[Hanumantha Rao B @HanumanthaRaoB7]

#India lays down #Import #Quota for #CalcinedPetCoke of 0.25 million tonne for aluminium industry and #RawPetCoke of 0.52 million tonne for CPC manufacturing industry. #DGFT will allot quota by Dec 14 and licenses will be issued by Dec 21. #TradeAlert @iKonnectPlus @GTKonnect

[Hanumantha Rao B @HanumanthaRaoB7]

#US to push forward with plans to increase #Import duty on $200 billion of #Chinese goods from 10% to 25% and may hit all Chinese goods if there is no deal, which could hit import of #iPhones, #laptops and other electronic goods with 10% duty. #TradeAlert @iKonnectPlus @GTKonnect

[Hanumantha Rao B @HanumanthaRaoB7]

#Nepal planning to increase #Import tax on #Bananas from 5% to 30% as per demand from farmers of Nepal. #TradeAlert @iKonnectPlus @GTKonnect