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West 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 use

27

2019-12

[Trade News] Iran-India: Accelerating Strategic Port Connections
Iran-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 near

27

2019-12

[Trade News] Bangladesh: use of electronic seals in import and export business
Bangladesh: 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 busines

24

2019-12

[Expo Events] In order to actively expand imports, stimulate import potential and optimize the import structure
Focus Leads to Morning Post on December 24Today's exchange rate: 1 USD = 7.0124 RMBIn order to actively expand imports, stimulate import potential and optimize the import structure, starting from January 1, 2020, China will implement tentative import tax rates for more than 850 commodities below the

12

2019-12

[Trade News] Fujian issued high-quality manufacturing action plan
Fujian 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 S

12

2019-12

[Trade News] China Council for the Promotion of International Trade issues country guidelines to help companies invest abroad
China 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 (Region

12

2019-12

[Trade News] Germany: the output value of the machinery manufacturing industry may continue to decline
Germany: 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 out

12

2019-12

[Trade News] South Korea: proposed to impose income tax on Bitcoin transactions
South 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,

12

2019-12

[Trade News] World Trade Organization: Appellate Body Formally "Stopped" on the 11th
World Trade Organization: Appellate Body Formally "Stopped" on the 11thThe Director-General of the World Trade Organization, Azevedo, announced on December 10 that the Appellate Body was officially “closed” from the 11th. This will undoubtedly damage the WTO dispute settlement mechanism, but it does
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