Brazil will restore import taxes on new energy vehicles next year

　　The Foreign Trade Committee of the Brazilian Ministry of Industry and Trade recently announced that the import tax on new energy vehicles such as pure electric, plug-in and petrol-electric hybrid vehicles will be restored from January 2024, and the tax rate will be gradually increased, and it is expected that by July 2026, the relevant tax rate will rise to 35%。The measure aims to promote the development of the country's auto industry, accelerate the process of decarbonizing the industrial chain and contribute to the country's new industrialization, the ministry said。The Pakistani automobile industry has reacted to this with mixed reactions, with the Pakistani Automobile Manufacturers Association speaking highly of the government's move and believing that it will promote the localization of electric vehicle production in Pakistan。The Pakistan Electric Vehicle Association and General Motors, among others, have publicly opposed the government's reinstatement of import taxes and quotas。

　　(Source: Economic and Commercial Office of the Embassy of the People's Republic of China in the Federal Republic of Brazil)

　　The Flammability Standard for Apparel Textiles will take effect on April 22, 2024

　　The U.S. Consumer Product Safety Commission (CPSC) is revising the Flammability Standard for Apparel Textiles.。

　　The amendments clarify existing regulations, expand the equipment and materials allowed for testing, and update equipment requirements。CPSC is issuing this amendment under its authority under the Flammable Fabrics Act。

　　The new standard takes effect on April 22, 2024。

　　(Credit: tbtguide)

　　In the first 10 months of this year, bilateral trade reached nearly 140 billion U.S. dollars

　　According to the Vietnam News Agency, citing the "Viet Cong Electronic News" reported that statistics from the Vietnam Customs Administration show that in the first 10 months of 2023, the total trade volume between Vietnam and China was nearly 140 billion US dollars, and China is Vietnam's largest trading partner, accounting for 24 percent of Vietnam's total import and export volume.88%, is Vietnam's largest importer and second largest exporter (after the United States)。In the first 10 months of this year, Vietnam's exports to China exceeded $49.5 billion, a year-on-year increase of 5. 5 billion.1 percent, a bright spot against a backdrop of declining exports to most major markets;Vietnam's imports from China reached 893.$400 million, down 11% from a year earlier。

　　(Source: China Council for the Promotion of International Trade)

　　Global oil and gas industry increases investment in exploration

　　According to a recent report by ALGERIE ECO，German NGO Urgewald's research report "Global Oil and Gas Exit List" revealed，Since 2021，The world's 700 oil and gas producers are actively exploring for new oil and gas reserves，Global oil and gas exploration investment increased by 30%。Investment in the oil and gas sector continues to rise, despite the IEA saying that advances in clean energy technology have made it unnecessary to explore and develop new fossil energy deposits。The report analyzes the investment plans of 1,623 major oil and gas companies around the world, with approximately $170.4 billion invested in the exploration of new oil and gas reserves between 2021 and 2023。According to the report, 1,023 oil and gas transportation and construction enterprises will invest in new LNG downstream, oil pipelines, natural gas pipelines and other projects。

　　(Source: China Council for the Promotion of International Trade)

　　Greek company plans to build Southeast Europe's largest logistics center in Athens

　　Greece's Shipping newspaper reported，THEK, a joint venture between Greece's largest land developer ETVA and freight company Goldair Cargo, has submitted an application to the Greek Ministry of Development to develop and build the Thriasio Logistics Center。The project is expected to invest 2.200 million euros on an area of 58.80,000 square meters, construction area of 30.20,000 square meters, the main facilities include 260,000 square meters of warehouse, 4.20,000 square meters of container operation area, 7250 meters of road, 5740 meters of railway line, 1140 meters of railway platform, thousands of parking Spaces, 10.2 MW photovoltaic power plant and 7 MW energy storage system。Located in the Aspropirgou area of western Athens, the project will be connected to highways and the national railway network, providing freight warehousing, distribution, product processing, customs clearance, bonded and other services, and is expected to be operational in the second quarter of 2025, according to the logistics center's website。

　　(Source: China Council for the Promotion of International Trade)