At the end of May, the US Department of State and the White House announced that the US would begin the process of revoking Hong Kong’s preferential treatment as a separate customs territory from Mainland China.
On February 12th, 2020, The European Union (EU) moved forward with a partial withdrawal of preferential tariff treatment from Cambodia due to human rights abuses.
The EU-Singapore Free Trade Agreement went into effect on November 21st, 2019. This is the European Union's first bilateral trade agreement with a Southeast Asian country. This agreement removes tariffs in trade between the EU and Singapore.
Topics: Europe, Asia, Free Trade Agreements
According to Announcement of GACC [2019] No.127, to promote trade facilitation, China Customs decided to implement a “two-step declaration” pilot program in some Customs houses under Manzhouli Customs, Hangzhou Customs, Ningbo Customs, Qingdao Customs, Shenzhen Customs, and Huangpu Customs since Aug. 24th.
Topics: Asia
President Trump made the surprise announcement yesterday following trade talks in Shanghai this week that he will go forward with a 10% additional tariff on List 4, otherwise known as the remaining $300 Billion in Chinese goods that are not already being hit with an additional tariff.
Topics: Asia, North America
