Vietnam’s economic growth in the first quarter of 2022 was consolidated thanks to the solid performance of export-oriented manufacturing and recovering service sector, according to the Vietnam Macro Monitoring report recently released by World Bank.
Since 1 January 2017, Indonesia's Customs Import Tariff Schedule has been based on the 2017 version of the Harmonized Commodity Description and Coding System (HS). The current Schedule, which is available online also in English (https://intr.insw.go.id/tariff.php?id=1&pg=1), consists of 10,813 eight-digit tariff lines (HS2017 nomenclature), and...
After nearly 40 years of reform, China has obtained great achievements and become one of the largest economy in the world. China's gross domestic product - GDP in 2021 reached 114.37 trillion yuan ($18 trillion). China's average GDP growth in the period 2020-2021 was 5.1%, which is the highest rate all over the world.
In the past, only a few Chinese companies with foreign trade rights were allowed to import goods into China. Since China's accession to the World Trade Organization (WTO), companies who want to import goods into China only need to register at the Ministry of Commerce (MOFCOM) or local offices authorized by the Ministry in accordance with the...
Singapore is one of the top 15 milk importing countries in the world, in 2021, the total import of milk and cream (HS code 0402) is 414 million USD, the main imported products are soy milk, powdered milk, condensed milk…Singapore's main import partners are New Zealand (accounting for 50% market share), Australia (accounting for 9.16% market...
The UKVFTA basically inherits the commitments of Vietnam and the UK in the EVFTA with some modifications in trade in goods, trade in services, government procurement and other areas.
China is one of the markets with strict requirements for food safety and regulations on technical standards. For agricultural products, the General Administration of Customs of China (GAC) has issued Measures for Import and Export Food Safety Administration (GAC Decree No. 249) and Administrative Regulations on Registration of Foreign Imported...
The main legislation governing standards and technical regulations continues to be the 2007 Law on Standards in Cambodia, which is administered by the Institute of Standards of Cambodia (ISC). The ISC, which falls under the Ministry of Industry and Handicrafts, is mandated to research and set national standards, certify products or companies on...
Currently, Poland's labeling regulations are in line with general EU regulations. Some special labeling requirements apply to food products. In particular, the ingredients of most foods (including additives) and the date of manufacture/expiry date must also be clearly indicated on the label.
The National Assembly Standing Committee on March 23 passed a resolution on reduction of environmental protection tax on petroleum, oil and lubricants.
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