The global retail industry was hit hard in 2023. Many well - known retail brands such as The Body Shop, Superdry, Wilko, Joann Stores, and Bad Boy faced bankruptcy or restructuring. High inflation, a decline in consumer purchasing power, and changes in online shopping habits are the main reasons. Foreign trade enterprises need to be vigilant against business risks.
China has decided to revoke the anti - dumping and counter - vailing duties imposed on imported Australian wine, bringing a major turning point for the Australian wine industry. It is expected to relieve the inventory pressure and return to the important global market of China.
The WTO announced that Australias anti - dumping measures against Chinese products violate WTO rules and requires the Australian government to modify or revoke these measures. This ruling emphasizes the importance of the principle of fair competition in international trade, and Australia has begun to adjust its trade policies.
The EU Agriculture Commissioner revealed that in 2023, the trade volume of agricultural products between the EU and Russia increased significantly. Although the EU imposed some tariffs on Russian agricultural imports to slow down the import speed, the total trade volume did not change much, reflecting the principle of mutual benefit and win - win results in bilateral trade.
At the China Development Forum 2024, the president of Saudi Aramco put forward the vision of deepening cooperation with China in fields such as chemicals and advanced materials. Emphasizing that energy trade is the foundation, the cooperation will be expanded to low - carbon energy and cutting - edge technology cooperation to jointly promote industrial innovation and sustainable development.
Finlands major unions have extended large-scale strikes since March 11 due to deadlocked negotiations with the government over labor law amendments, causing port logistics paralysis and severely impacting import/export operations.
South Korea and the EU held the third round of digital trade agreement negotiations in Brussels, aiming to promote e-commerce development and build a digital trust environment. The talks focused on key issues such as tariff-free electronic transmissions and fair treatment of digital products, which have significant implications for global digital trade order.
South Koreas instant noodle exports surge, possibly indicating declining living standards amid global economic pressures. February exports reached $93 million, with the US, China, the Netherlands, and Japan as main destinations. Rising instant noodle demand is seen as an indicator of economic hardship.
The Netherlands agro-industrial exports to Russia have grown significantly in the past two years, particularly in livestock pharmaceuticals, vaccines, agricultural machinery, and flower exports. This trend, unaffected by EU sanctions, has sparked discussions about the effectiveness of the sanctions.
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PSB Record: Shanghai No.31011502009912
