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12
2021-11
Trade facilitation agreement
On February 22, the Trade Facilitation Agreement (TFA) ushered in the 5th anniversary of its official entry into force. WTO Director-General Ngozi Okonjo-Iweala said that over the past five years, WTO members have made steady progress in implementing the landmark Trade Facilitation Agreement, which will help Strengthening the resilience of global supply chains, global trade flows are ready for a post-COVID-19 economic recovery.
2021-11-12
The import and export structure of my country's service trade is still being optimized
According to data released by the Ministry of Commerce recently, from January to August this year, my country's total import and export of services was 3,271.66 billion yuan (RMB, the same below), a year-on-year increase of 9.4%. Among them, service exports were 1,549.99 billion yuan, an increase of 25.3%; imports were 1,721.66 billion yuan, a decrease of 1.8%. The growth of service exports was 27.1 percentage points higher than that of imports, driving the service trade deficit to drop by 66.7% to 171.67 billion yuan, a year-on-year decrease of 515.62 billion yuan.
09
Overseas warehouses are unblocked, and the overseas layout of enterprises
At the regular briefing on policies of the State Council held a few days ago, Li Xingqian, director of the Foreign Trade Department of the Ministry of Commerce, said that as of now, there are more than 2,000 overseas warehouses in my country, with a total area of more than 16 million square meters.
2021-11-09
IMF cuts Asia-Pacific economic growth forecast to 6.5% in 2021
The International Monetary Fund (IMF) released the Asia-Pacific Economic Outlook Report on the 19th, saying that due to factors such as the new crown epidemic, the Asia-Pacific economy is expected to grow by 6.5% in 2021, down 1.1 percentage points from the April forecast.
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