The EUs Supply Chain Act was not passed as Germany and 12 other countries abstained. The act aims to strengthen human rights and environmental due diligence in corporate supply chains.
Facing the increase in global trade frictions, the China National Textile and Apparel Council actively responds to lawsuits, helping enterprises resist the impact of anti - dumping, safeguard measures and anti - circumvention investigations.
India proposed to abolish the de minimis rule in anti - dumping investigations and directly determine the tax rate based on the dumping margin. The change is expected to have a significant impact on the Indian market of enterprises from China and other countries.
On February 23, 2024, the US Department of the Treasury announced new sanctions against Russia and more than 300 entities worldwide in response to the Russia - Ukraine war and the death of Alexei Navalny. The sanctions cover key sectors such as finance and the military - industrial complex, involving 6 Chinese entities.
The British Foreign Secretary announced new sanctions against Russia, targeting arms manufacturers, oil traders, and diamond companies, aiming to weaken Putins arsenal and war funds.
US President Joe Biden announced new sweeping sanctions against Russia, triggering price surges in aluminum and nickel markets as global attention turns to sanction details and their impact on international metal supply chains.
The US NSTC updates the 2024 version of the list of critical and emerging technologies, strengthening areas such as artificial intelligence and cybersecurity, aiming to enhance technological competitiveness and national security, reflecting the new trends of scientific and technological development.
The South Korean government plans to achieve a $701 billion export target in 2024, representing a 10.8% growth. It aims to consolidate markets in the US, China, and ASEAN while diversifying exports to Europe and the Middle East. The plan addresses geopolitical challenges and supports SME exports.
In 2023, Indias LNG imports increased to 22.2 million tons, an 8% increase. Qatar, the United States, and the United Arab Emirates became the main suppliers, and Russian supply was scarce.
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PSB Record: Shanghai No.31011502009912
