Import

All news and posts of our editorial team on the topic

EU tweaks import ban on products from forced labor
The EU Commission plans to present its long-awaited proposal for an import ban on products from forced labor in the fall. A representative of the EU Directorate-General for Trade told the European Parliament’s Trade Committee on Monday that a proposal for a separate law was expected to be presented in September. The EU Commission is […] continue reading →
China’s exports to Germany are growing rapidly
Despite material bottlenecks and disrupted supply chains, German exporters recovered significantly from the 2020 Covid shock last year – and increased their exports to the People’s Republic. Exports to China increased by 8.1 percent to €103.6 billion, the Federal Statistical Office reported Wednesday. However, Germany’s largest export destination remained the United States, at €122.1 billion, […] continue reading →
German companies do not fear Taiwan escalation
Tensions between Beijing and Taipei are high. However, local German companies do not see a military escalation brewing. The economy of the island republic is expected to continue to boom in 2022. continue reading →
Lithuania’s president: ‘Taiwan office’ was a mistake
In the trade dispute with China, Lithuania’s President Gitanas Nausėda has openly criticized his own government for opening a “Taiwan office” in Vilnius. Opening the Taiwanese trade representation under that name was a mistake, Nausėda said in an interview with radio station Žinių Radijas on Tuesday. While both Lithuania and Taiwan could open representative offices […] continue reading →
Energy crisis: China increases coal imports
China is trying to alleviate the country’s energy crisis by importing more coal from Russia, Mongolia, and Indonesia. In Heilongjiang, on the border to Russia, rail infrastructure has been improved to allow increased coal transport. A Russian diplomat in Harbin said, according to media reports, that coal exports to Heilongjiang province had fallen by 40 […] continue reading →
Unexpected export boom in September
China’s exports are growing ever faster. In September, the People’s Republic’s exports increased by 28.1 percent year on year. Imports climbed by 17.6 percent. Exports had already grown by an unexpectedly strong 26.5 percent back in August. The strong export figures came as a surprise to experts, who had expected a lesser increase due to […] continue reading →
Study warns of trade conflict with China
A study by the Vienna Institute for International Economic Studies (wiiw) warns of the consequences of a potential trade conflict between the European Union and China. Compared to the explosive scenarios, the current irregularities are still comparatively harmless. “What would be really dangerous would be a stop of exports for political reasons in the context […] continue reading →
Chinese competition is getting tougher
The German industry is taking increasingly heavy blows from Chinese competition. Since 2000, the EU has been importing more and more goods from China. German products, on the other hand, are selling somewhat less well in comparison, as the economic research institute, IW Cologne has shown in a study. In EU countries, the share of […] continue reading →
US pushes for import ban on goods from Xinjiang
Ketchup by the popular brand Heinz labeled “Made in China” had been banned from import to the US at the beginning of the year. Many T-shirts made with cotton from Xinjiang are also blacklisted. Soon all products from Xinjiang are likely to be affected. On Wednesday, the US Senate passed a bill banning the import […] continue reading →