The inaugural flight of the 'Huangpu-Incheon' international route has improved logistics efficiency between China and South Korea, leading to a 28.5% year-on-year increase in container import and export volume.
This paper provides an in-depth analysis of Merchandise Processing Fee (MPF) consolidation strategies and highlights its potential for reducing import costs. By consolidating multiple entries into a single one, companies can reach the MPF maximum limit faster, avoiding repetitive payments. The article details the advantages, risks, and operational conditions of MPF consolidation. It also compares it with Free Trade Zones (FTZ), offering practical operational guidelines and future trend perspectives for importers. The focus is on optimizing customs clearance and minimizing overall import expenses through strategic MPF management.
In the first two months of 2025, Dongguan's total foreign trade import and export value increased by 21.7% year-on-year, reaching 228.38 billion yuan. Import and export to ASEAN saw significant growth. Private enterprises were the main driving force behind the increase, with general trade accounting for more than half. Exports of high-tech products led the way, while traditional industries also maintained growth. This strong start for Dongguan's foreign trade is driven by both internal and external factors, indicating a positive trend in economic transformation and upgrading.
The newly introduced East-West shipping network in February 2025 will enhance global trade efficiency by reducing port calls, improving shuttle services, and utilizing advanced transshipment hubs, providing businesses with a faster and more reliable transportation experience.
This article provides a detailed analysis of dried Qilin vegetables (HS Code: 1212206100), including product classification, export and import tax rates, and declaration requirements, offering trade decision support for merchants regarding this product.
This article analyzes various costs associated with LCL sea transport before arrival at port, including base freight, additional charges, and customs fees. It provides detailed accounting methods to assist companies in planning logistics costs effectively and avoiding overspending.
The Port of Los Angeles is the largest shipping hub in the United States, playing a vital role in driving the economy of Southern California. It has evolved significantly over the years and has fostered global trade collaboration.
The Trump administration's new tariff policy raises the import duties on Canadian goods to 35% and adjusts the reciprocal tariff structures for approximately 70 trading partners, posing new challenges for the global supply chain.
This article delves into the UTB bills in the Netherlands, analyzing the components of customs debt, including import duties and related taxes. It emphasizes the importance of reviewing the bill's content and timely payments.
In the first half of this year, Yangpu Port's container throughput exceeded 1 million TEUs, setting a new historical record. The newly opened routes, especially the foreign trade line connecting to the Middle East, have significantly improved transportation efficiency and reduced costs for enterprises, providing strong support for the economic development of Hainan.
