Trade News
- The State Council approved the establishment of Yibin Comprehensive Free Trade ZoneThe State Council approved the establishment of Yibin Comprehensive Free Trade ZoneOn December 25, Sichuan Yibin held a press conference to announce that the State Council officially approved the establishment of the Yibin Comprehensive Free Trade Zone. The location of Yibin Comprehensive Bonded ZonTrade News December 27, 2019
- Japan: Ironmakers will withdraw from Chinese automotive steel production plantsJapan: Ironmakers will withdraw from Chinese automotive steel production plantsAccording to Japanese media reports on December 26, Nippon Steel finalized its policy of withdrawing its subsidiary's production at the automotive special steel plant in Zhejiang Province, China. The plant was set up inTrade News December 27, 2019
- West Africa: Renamed a single currency to ECOWest Africa: Renamed a single currency to ECOAgence France-Presse reported on December 22 that West African countries recently agreed to change their common currency name to ECO. The ECO will come out in 2020, and the exchange rate will remain linked to the euro. African francs are currently in useTrade News December 27, 2019
- Iran-India: Accelerating Strategic Port ConnectionsIran-India: Accelerating Strategic Port ConnectionsAccording to the Iranian News Agency and the Hindustan Times, Iranian President Rouhani met with Indian Foreign Minister Su Jiesheng on December 23, and the two sides agreed to quickly connect the Iranian strategic port Chabahar and the railway nearTrade News December 27, 2019
- Bangladesh: use of electronic seals in import and export businessBangladesh: use of electronic seals in import and export businessAccording to a report by the Bangladesh Daily Star and Financial Express on December 25, the Bangladesh State Taxation Agency plans to enforce the use of electronic seals and electronic locks in the import and export commission businesTrade News December 27, 2019
- Fujian issued high-quality manufacturing action planFujian issued high-quality manufacturing action planThe Fujian Provincial Ministry of Industry and Information Technology and the Development and Reform Commission recently released the "Fujian Province's Action Plan to Accelerate the High-Quality Development of Leading Manufacturing Companies and STrade News December 12, 2019
- The Ministry of Finance announced the administrative measures for the release of government procurement informationThe Ministry of Finance announced the administrative measures for the release of government procurement informationThe Ministry of Finance of the People's Republic of China announced on December 10 the "Administrative Measures on the Procurement of Government Procurement Information", which came intTrade News December 12, 2019
- China Council for the Promotion of International Trade issues country guidelines to help companies invest abroadChina Council for the Promotion of International Trade issues country guidelines to help companies invest abroadThe China Council for the Promotion of International Trade (CCPIT) released the first batch of "Guidelines on Business Environment for Enterprises' Overseas Investment in Countries (RegionTrade News December 12, 2019
- Germany: the output value of the machinery manufacturing industry may continue to declineGermany: the output value of the machinery manufacturing industry may continue to declineKarl Martin Welk, Chairman of the German Machinery and Equipment Manufacturing Association, said on December 10 that it is difficult for machinery manufacturing as a pillar industry in Germany to quickly get outTrade News December 12, 2019
- South Korea: proposed to impose income tax on Bitcoin transactionsSouth Korea: proposed to impose income tax on Bitcoin transactionsAccording to South Korea's "Central Daily" report, the Ministry of Planning and Finance of the Republic of Korea stated on December 8 that the government has decided to levy income taxes on virtual assets such as Bitcoin and Ethereum,Trade News December 12, 2019