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In the News: China Tariffs, E-Commerce, Mercosur FTA, Advance Cargo Info

Monday, May 28, 2018
Sandler, Travis & Rosenberg Trade Report

China plans to cut import tariffs on some consumer goods from July 1

“The planned tariff cuts on consumer goods will affect food, medicine, health products and cosmetics, among other items.”

[Reuters]

CBP exploring known shipper e-commerce concept

“We want to explore trade benefit incentives in the e-commerce marketplace, not unlike the voluntary Customs-Trade Partnership Against Terrorism approach,” said Commissioner Kevin McAleenan.

[American Shipper]

Korea, Mercosur agree to launch trade talks

“‘If the trade deal is struck, South Korea is expected to expand its FTA network beyond North America and Central America,’ the Ministry of Trade, Industry and Energy said. ‘It is expected to boost South Korea’s exports of auto, auto parts and electronics to Mercosur member states.”

[Yonhap]

Algeria plans 60 to 200 percent customs duties on finished products

“Algeria has failed to cut imports despite several earlier restrictions that have raised concern from Algeria’s main trading partner, the European Union. The government early this year banned imports of 851 goods including foodstuffs, cell phones, home appliances and some raw materials. … In the latest move, an official told Reuters, authorities will set up a committee made up of ministries such as finance, industry and trade to determine the list of list of goods and the duties applied.”

[Reuters]

China to expand advance cargo information requirements as of June 1

[Air Cargo News]

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