News from World

tag: Export

20 February 2023

Indian leather shines abroad, witnesses' exports boom

As international footwear brands look to source their production needs, and with many also looking to diversify outside of China, the world's current largest producer and exporter of leather, experts believe that Agra would fit the bill. Agra is home to a number of such small-scale units that contribute significantly to the nation's overall production and add greatly to India's leather footwear exports. [Read more at: economictimes.indiatimes.com]

14 February 2023

Footwear is the main export commodities in Putian and accounts for 46.5% of total value of export in the city

According to the latest data released from Putian Customs, the total foreign trade value in Putian city reached RMB 37.93 billion yuan, and witnessed a growth of 22.6% year-on-year. [通知公告 - CLIA]

03 February 2023

Ecuador negotiates its trade opening with China: tariffs on Chinese shoe components will drop

After ten months of negotiations involving representatives of the government and the business community, Ecuador will sign a trade agreement with China that includes protection for sensitive products. Within the framework of the agreement, which has the approval of the productive sectors, the footwear industry is one of the protected industries. [Acuerdo con China excluye a cerca de 800 productos de alta sensibilidad; e incluye desgravaciones con plazos de hasta 20 años para sectores de sensibilidad media - El Universo]

20 January 2023

The updated Imort/Export tariff on China leather products for 2023

According to the Announcement of the Customs Tariff Commission of the State Council on Adjusting the Tariffs in 2023 (the 2023 Tariff Adjustment Plan), in 2023, China will impose tariffs on 8,948 tax items, and the country’s overall tariff level will be reduced from 7.4 percent to 7.3 percent. There are total 289 tax items of leather products for import from most-favored-nation, these remain the same the average import tariff of 8.58% as in 2023. See tables in Trade Policy Implications of a Changing World: Tariffs and ... - imf.org [2023 Import-Export Tariffs in China - China Briefing]

10 November 2022

Kenya reveals some China loan documents for $5 billion railway

Kenya’s transport secretary took to Twitter earlier this week to post documents, including three agreements of the $5 billion loans advanced to Kenya by China’s Export-Import Bank (Exim Bank) for the construction of the 590-kilometer Mombasa-Nairobi-Naivasha Standard Gauge Railway (SGR). [Kenya is gripped by a $5 billion China rail loan saga - Semafor]

19 October 2022

Bangladesh's BEPZA registers 30.41% growth in exports in FY 2021-22

Bangladesh Export Processing Zones Authority (BEPZA) has announced a significant rise in all indicators i.e. exports, investment, and employment in the recently ended fiscal (FY) 2021-22. Exports soared 30.41 per cent and investment increased over 20 per cent compared to the achievement of the previous year, which is an all-time high growth since the past 40 years. [Bangladesh Export Processing Zones Authority - BEPZA]

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