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The U.S. Commerce Department's Bureau of Industry and Security said Buehler Ltd. of Lake Bluff, Ill. has agreed to pay a $200,000 civil penalty to settle allegations that it made 81 unlicensed exports of a lubricant containing Triethanolamine (TEA). Buehler is a global manufacturer of scientific equipment and supplies for use in materials research ...
Apparel importers are urging the Obama administration to eliminate apparel duties. Calling the end of quotas on textile and apparel imports a transformative moment in U.S. trade policy, Laura E. Jones, executive director of the U.S. Association of Importers of Textiles and Apparel, said her group wants the next administration to drop import du...
The U.S. Department of Agriculture's Animal and Plant Health Inspection Service has proposed regulations to allow for the commercial importation of Hass avocados from Peru. As a condition of entry, Hass avocados from Peru would have to meet specific requirements for importation in commercial consignments, packinghouses, grove sanitation, pest-...
Chinese exporters face an increased risk of not being paid for their goods as foreign banks run out of cash and some overseas importers evade paying debts, China's Ministry of Commerce (MOC) warned Monday. "The cases of malicious debt evasion and breach of contracts by importers in certain countries or regions are on the rise," said the ministry in a ...
China's mergers and acquisitions (M&A) activity remained resilient in 2008 despite the global financial meltdown, making it the best performer in the Asia region, according to information company Thomson Reuters. M&A activity in the country was at an all-time high of $159.6 billion worth of deals last year, 44 percent more than in 2007, compared with ...
China imported 240 million tonnes of major energy commodities (oil, refined products, natural gas and coal) in the first 11 months of 2008, up 3.7 percent year-on-year, according to a report released on Sunday by the General Administration of Customs. The growth rate was 9.7 percentage points below the year-earlier level. These imports were valued...
China's foreign trade probably reached 2.55 trillion U.S. dollars last year, up 18 percent from 2007, according to an analysis released on Sunday by the General Administration of Customs. The trade surplus was about 290 billion U.S. dollars, it said. In the first 11 months of 2008, external trade was 2.38 trillion U.S. dollars, up 20.9 percent yea...
China's central bank said on Tuesday it plans to implement a pilot program of settling overseas trade with the Chinese currency instead of the U.S. dollar in 2009. According to a press release posted on the website of the People's Bank of China, the central bank will expand financial cooperation with overseas economies and properly deal with the ...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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