Since July 1, Egypt has implemented the cargo information forecast system declaration, and those who do not comply will not be able to clear customs
PleasepaycloseattentiontothechangeofgoodsdeclarationpolicyinEgypt Themajorityofimportandexportenterprises: AccordingtotheEgyptianEmbassyinChina,fromApril1,EgyptwillconductatrialoperationofthecargoinformationforecastsystemforenterprisesexportingtoEgypt,anditwillbeformallyimplementedfromJuly1. Pleasekeepaneyeontherelevantpolicychanges.Fordetails,pleaserefertotheofficialwebsiteofEgypt'sNationalSingleWindowforExternalTradeFacilitation,Nafeza Ar:https://www.nafeza.gov.eg/ English:https://www.nafeza.gov.eg/en/ EgypthasissuedanewFinanceMinister'sOrderNo.38of2021toclarifytheproceduresforpre-shipmentregistrationofgoods,introducetheelectronicsignature(electronicseal)usedinimportdocumentsandnewstepsforimportingproducts. Theimplementationofthe"AdvancedCargoInformation(ACI)Declaration"attheportsofEgyptstipulatesthatforallimportedcargoes,theconsigneemustfirstforecasttheCargoInformationinthelocalsystemtoobtaintheACINumberandprovideittotheconsignor.This(ACI)Numberisrequiredtobecompulsivelydisplayedonthebillofladingandmanifest.ThetrialoperationwillstartonApril1,2021,anditwillbecompulsoryfromJuly1,2021(botharearrivaldates). UnderEgypt'snewregulations,importersmustreportthearrivaloftheirgoodsinadvancebeforeloadingthemattheirportofdepartureandawaitapprovalfromauthorities.Oncecustomsapprovalisreceived(DeclarationofCargoInformation),itistheimporter'sresponsibilitytoprovideACIDtotheexportersothattheycanupdatealldocumentsrelatedtotheshipment,includingthebilloflading. Thepicture Thepicture Thepicture Thepicture Thepicture Thepicture Thepicture
Export country attention: the whole country closed city, currency devaluation, inflation is serious!
AccordingtoIranianmediareports,Iranisbeinghitbythefourthwaveoftheepidemic.Iranwillimposea10-dayblockadeon23provincesstartingApril10,thegovernmentsaid.AllreligiousgatheringsduringRamadan,whichbeginsonApril13,willalsobebanned. OnApril11,localtime,IranagainannouncedmeasurestodealwiththefourthwaveofCOVID-19.Iranhasimposedtravelrestrictionson39countriesbecauseofthefourthwaveofCOVID-19inthecountry,accordingtoIran'sRoadandUrbanDevelopmentMinisterMohammadEislami. IranianPresidentHassanRouhanisaidonApril10thatthemutationnovelcoronavirus,whichwasfirstdiscoveredinBritainandintroducedintoIranthroughIraq,wasthemaincauseofthefourthwaveoftheepidemicinIran.Butinfact,itwasIranianswhoignoredthestate'sbanonwearingmasks,travellingandpartyingmorefrequentlythatcausedtheoutbreaktorebound. About15,000personswhotestedpositiveforNovelcoronavirustraveledduringtheIranianNewYearholidayinviolationofquarantinerules,accordingtotheMinistryofHealth.HospitalsacrossIranareseeingasignificantincreaseinthenumberofpatients,andthesituationcouldgetworseinthefuture,accordingtoaspokesmanforIran'sNationalEpidemiologyCommand,AbdallahLehi,onApril10. AndwhiletheepidemicinIrancontinuestoworsen,sodoestheIranianeconomy.Atpresent,thebiggestimpactonforeigntradersis: 01 Depreciation&Inflation DuetotheimpactoftheUSsanctions,theIranianrialexchangeratekeepsfalling.Therialhasdepreciatedbymorethan3,500timesinthepast30years.Atpresent,theexchangerateoftheIranianrialtotheUSdollarisashighas42,000:1. Inresponse,theCentralBankofIranintroducedanew50,000riyalnoteonMarch6,2021,whichisequivalenttoUS$1.19atthecurrentexchangerate.Anoteof10,000or20,000riyalswillalsobeissuedintwodenominationsinthecomingmonths.Thethreedenominationswillhavethesamespecification. TheIraniangovernmentreformedthe"facevalue"oftherial,changingtheofficialcurrencyfromtherialtothetuman(onetumanisworth10,000rials),andtheIranianparliamentvotedforanamendmenttotheIranianMonetaryandBankingLaw,requiringregulatorstorecalcateinflationunderthenewcurrency. AccordingtotheFinancialTribuneofIranonFebruary20,theaverageconsumerpriceindex(CPI)forgoodsandservicesinthefirst12monthsofthefiscalyear(February18)rose34.2%yearonyear,accordingtothelatestdatafromtheNationalStatisticsCenterofIran.Amongthem,theCPIrose34.1percentinurbanareasand35percentinruralareas.Fromthesub-itemcategory: Foodandbeveragerose34.7%year-on-year; Tobaccowasup33%; Apparelandfootwearincreased36.8%yearonyear; Housing,water,electricityandfuelrose24.7percentyearonyear; Furnitureandhomeappliancesincreased43%yearonyear; Healthcareincreasedby28.3%yearonyear; Trafficincreased65.3%yearonyear; Communicationsrose15.1%yearonyear; Leisureandentertainmentincreased39.7%yearonyear; Educationincreased21.4percentyearonyear; Hotelsandrestaurantsincreased27.6%yearonyear; Othermiscellaneousitemswereup35.5percentyearonyear. InflationisrampantinIran.WillthecurrencyreformplanhelpIran'scurrencydevaluationandrampantinflation? Iranhasdirectlychangedthefacevalueoftherialbyintroducinganewcurrency,theToman,butthemovedoesnothingtostopthecountry'sseveredevaluationofthecurrency,CBSNewsreported.Iranhaslongbeenunderinternationalsanctions,andtheCOVID-19outbreakhasfurtherimpactedtheIranianeconomyandputmorepressureontheexchangerate. SayyidReiraz,anIranianeconomistandadvisertoformerPresidentMohammadKhatami,saidchangingthenameandfacevalueofthecurrencywouldunintentionallycauseunnecessaryfluctuationsintheeconomicandsocialstructure,whichcouldeventuallyleadtogreaterinflation. 02 Thegovernmentrestrictsimports InresponsetoU.S.sanctionstargetingallaspectsofIran'seconomyandindustry,Iranhasencouragedexportsandrestrictedimportsbyadoptinga"resilienteconomy,self-reliant"approach. AccordingtoHamidZadboum,headoftheIranTradePromotionOrganization,800itemshavebeenaddedtoIran'sbannedimportlistsinceMarch2019,bringingthetotalto2,400items. AccordingtothelatestdataonthestateofmanufacturingactivityinIranreleasedbytheMinistryofIndustry,MinesandTrade,forthe11-monthperiodendingMarch20,2020andFebruary18,2021,theoutputofIran'smajormanufacturedproducts,includinghouseholdappliances,automobiles,steelandcement,hasincreasedsteadilyoverthesameperiodlastyear.Amongthem: Carproductionincreased18.4%yearonyear; Productionoftelevisionsets,washingmachinesandrefrigeratorssoaredby50percent. Steelproductionwasup7percentyearonyear; Cathodecopperproductionincreasedby16.7%; Aluminumproductionjumped56%; Cementproductionincreased12.5percentyearonyear; Coalconcentrateproductionincreasedby1.9%; Glassproductionwasup2.4%yearonyear; Acrylicfiberproductionincreasedby293%; Petrochemicalproductsmaintainedasteadygrowthof9.4%. AccordingtoShata,thenewswebsiteofIran'sMinistryofIndustry,MinesandTrade,Iranbannedtheimportof1,539non-essentialproductsandrestrictedtheimportof722itemsduringthe11.5monthsendingFeb.3,savingIran$5.8billion. FromJanuarytoDecember2020,thetradevolumebetweenChinaandIranwasUS
Musky stopped buying non-zero-carbon ships
Denmark'sAPMoller-Maersk,oneoftheworld'slargestshippinglineswiththeworld'slargestfleet,hasstoppedbuyingcontainershipsthatcannotcompletelyeliminatecarbonemissions,aseniorexecutivesaidlateApril20. "Inthefuture,wewillonlyordershipsthathavezerocarbonemissions,"RenePedersen,managingdirectorofAPMoller-Maersk'sSingaporeunit,saidonthesidelinesoftheOceanCapitalconferenceinSingaporeonApril20. Thismeansthateventhoughthesenewshipswillhavedual-fuelenginecapabilityandbeabletorunondieselwithoutazero-carbonfuel,itwillonlybealastresortforAPMoller-Maersk. Thepicture Networkdiagram. "Dieselfuelfornewshipswillonlybecomeabackupfuelifzero-carbonfuelsarenotavailable,"Pedersensaid. TheAPMoller-Maerskdecisiontostopbuyingdoesn'tincludeshipsthathavealreadybeenordered,hesaid,butheaddedthattheshipsithasorderedrepresentaverysmallpercentageofthecompany'stotalfleet. APMoller-Maerskisnowfocusingoninnovativesupplychainsolutionsthatintegrateinlandservicesandlogistics,anddecarbonizationofoceantransportation,Pedersensaid. "It'sachicken-and-eggissuewherewecanidentifythetechnology,buttheinfrastructuretosupportitisachallenge,"Pedersonsaid.
