New foreign trade regulations are coming

Iraq will allow trade with China to be settled in RMB

Iraq plans to allow trade with China to be settled directly in yuan for the first time to boost its foreign exchange reserves, the country's central bank said on Monday, Reuters reported. Iraq's central bank also said in its statement that it may raise the balance of its yuan account with Bank of China in the future as part of the plan.

The US has extended the exemption period for 81 Chinese imports from additional tariffs

On February 2 local time, the Office of the United States Trade Representative (USTR) announced that it decided to temporarily extend the validity period of tariff exemptions on 81 Chinese medical protective products to the United States for 75 days until May 15, 2023.

The 81 medical protection products include: Disposable plastic filter, disposable electrocardiogram (ECG) electrode, fingertip pulse oximeter, sphygmomanometer, otoscope, anesthesia mask, X-ray examination table, X-ray tube shell and its components, polyethylene film, sodium metal, powdered silicon oxide, disposable gloves, artificial fiber non-woven fabric, hand sanitizer pump bottle, plastic container of disinfection wipes, binocular optical microscope, retest Optical microscope, transparent plastic mask, disposable plastic sterile curtain and cover, disposable shoe cover and boot cover, cotton abdominal surgery sponge, disposable medical mask, protective equipment, etc.

Finland tightens controls on food imports

On 13 January 2023, according to the Finnish Food Authority, organic products imported from outside the European Union and countries of origin will be more intensively monitored, carefully checking all batches of organic imported food documents between 1 January 2023 and 31 December 2023.

The Customs will take samples from each batch based on the pesticide residue control risk assessment, and the samples will remain in the warehouse approved by the Customs, and no movement will be allowed until the analysis results are received.

The product groups and countries of origin covered by the enhanced control of the common nomenclature (CN) are as follows: (1) China: 09101100,20060010, ginger (2) China: 07099390,12079996,12129995, pumpkin seeds; (3) China: 23040000, soybean (beans, cake, flour, SLATE, etc.); (4) China: 0902 20 00, 0902 40 00, tea (different grades).

Chittagong introduces new regulations for container limit

The office of the Chittagong Port Authority (CPA) said in a circular that starting from Feb 10, one container (including 20 ft and 40 ft containers) can carry a maximum of 30.48 tonnes of cargo.

"Chittagong accepts a maximum gross weight (gross weight including containers) of 30,480 kg for classification, loading and rating for 20 ft and 40 ft containers." "The notice read. But for overweight, Chittagong Port Authority will not provide any facilities to handle containers that exceed the ISO weight limit.

In this case, the relevant shipping agent /MLO will make the necessary arrangements at its own expense, risk and responsibility and should obtain the CPA's permission prior to the arrival of such containers.

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