New Delhi, Aug 22 (IANS) — In a relief to millers beleaguered by higher cane prices and surplus stocks, the government Friday raised the import duty on sugar to 25 percent from 15 percent.
According to a notification by the Central Board of Excise and Customs, import duty has been raised to 25 percent on raw sugar and refined or white sugar.
Goods from the list of Russia’s response sanctions which are currently on board the ships in Russian seaports should be re-exported under Russian legislation. According to the recommendation given by Saint-Petersburg based law office Inmarine, this will let decrease the costs.
Russia will allow imports from neighbouring Belarus and Kazakhstan of food processed from Western raw materials as Moscow seeks to damp down domestic food price rises triggered by its ban on food imports from the West.
On Aug. 7, Russia banned all meat, fish, dairy, fruit and vegetable imports from the United States, the European Union, Norway, Canada, and Australia for one year to retaliate against Western sanctions on Moscow over the Ukraine crisis.
China said on Monday it regretted World Trade Organisation members had failed to reach an agreement on simplifying global customs rules, a breakdown it said could damage multilateral trade.
India last month torpedoed a global deal to standardize and streamline customs regulations, known as "trade facilitation", after it demanded more freedom to subsidize and stockpile food grains than is allowed by WTO rules.
APEC economies are pressing ahead with efforts to accelerate trade and economic growth through the elimination of costly delays to the flow of goods as they cross international borders, undeterred by the unexpected challenge to implementation of the Agreement on Trade Facilitation now facing members of the World Trade Organization.
Good day.
We have received an associated business application from Clearit.ca, and would appreciate your approval of and/or comments on this application by August 28, 2014, please.
Clearit.ca is a service organization dedicated to providing Canadian customs brokerage service from around the globe. They are an online customs broker offering customs clearance services at all ports in Canada (and shortly, North America). They are geared towards small businesses and individual importers.
The WCO has published a new guide called "The Why & How of Performance Measurement Contracts" (WCO PMC Guide). The WCO PMC Guide describes an innovative approach to targeted improvements in Customs border controls using data extracted from Customs clearance systems; measurement; and performance contracts between Customs Directors General and frontline Customs officers.
The WTO updated its Statistics Database on 5 August 2014. This now includes data for 2013 on global exports and imports of merchandise and on trade in commercial services. The data are available by country, region and commodity/service.
The Statistics Database is available on the WTO website at:
http://www.wto.org/english/news_e/news14_e/rese_05aug14_e.htm
The Law on Customs issued by the National Assembly in June and due to take effect on January 1, 2015 demonstrates the efforts of the government in reforming customs procedures. However, many issues will need to be clarified. Baker & McKenzie Vietnam partner Nguyen Lan Phuong and senior trade practitioner Tran Ngoc Trung take a look at the issues.
India could put a landmark World Trade Organization deal in jeopardy at hectic negotiations in Geneva after saying it would withhold support for the agreement unless there was simultaneous progress on resolving a dispute over its food security program.
India would like the WTO — which set itself a deadline of July 31 for the deal on the movement of goods across borders — to address its concerns over a cap on subsidies that could limit government stocks of grain that are part of its food program.
