News from World

tag: dazi

10 March 2023

Brazil and Argentina united for the maintenance of the TEC

Representatives of the Brazilian Footwear Industry Association (Abicalçados) and the Argentine Chamber of Footwear Industry (CIC) met on the morning of March 7 to discuss bilateral trade in the sector. The highlight of the agenda was the importance of maintaining the tariff, Tarifa Externa do Mercosul (TEC) to prevent a possible "invasion" of Chinese products into both countries. [Brasil and Argentina unidos pela manutenção da TEC – Abicalçados]

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

Tariff outlook 2023

After three years of global tariff hikes, the weakness of international trade could lead to a reduction in tariffs this year, especially in intermediate goods. According to the International Monetary Fund, the sectors with the greatest potential reductions in tariff costs on imports will be vehicles, machinery and equipment. Tariff reductions at product level would range from 0 to 18.5 percentage points and will be higher on average for China.

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]

19 January 2023

US business study shows negative impact of tariffs on China

A study Impacts of Section 301 Tariffs on Imports from China: Case Studies of Apparel, Footwear, Travel Goods and Furniture has called out the ‘detrimental economic impacts’ of the massive tariffs imposed on consumer goods from China, saying that the trade war has led to higher costs and prices for American companies and families. It also said that shifting away from China as a source of goods was costly and ‘not always successful’. [Joint Industry Study Flags Negative Impacts of Section 301 ... - AAFA]

12 January 2023

Changing value chains with new types of tariff barriers

A South Korean group will invest $2.5 billion in solar manufacturing in the U.S. state of Georgia, to take advantage of tax incentives under the recently passed Inflation Reduction Act. The facilities could provide nearly a fifth of U.S. solar demand. The legislation has “changed the economics of clean-energy investment,” The Wall Street Journal wrote

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