John Hall’s Post

As part of a free trade agreement between New Zealand and the European Union, most New Zealand goods exported to the EU have had their tariffs – a tax paid at the border – removed entirely. If you already export to the EU, this will reduce your costs of doing business in the EU market. The aim of the free trade agreement is to create opportunities for all New Zealand businesses, no matter how small, to grow and invest, build connections in EU markets and diversify. Click the link below to learn more

The implementation of the Australia-India Economic Cooperation and Trade Agreement (AI-ECTA) in 2022 resulted in a 50% reduction in tariffs on Australian almonds, leading to a doubling of sales to the sub-continent. #import #export #SCM #Almonds #India #Australia #AI-ECTA

Last year, after nearly 12 months of negotiations, Australia and the United Kingdom entered into an era of a Free Trade Agreement 🥳 The UK agreed to remove tariffs on 99% of Australian imports❗️ PM Albanese described it as “one of the most comprehensive, innovative and ambitious free trade agreements concluded by Australia to date”. Do you trade with the UK? We’d love to hear how the FTA has opened doors for you. Read more at the link in the comments 👇 #Strategy #GoGlobal #internationalbusiness

The Central Asian countries are located between China and the European Union. This makes them crucial for trade and transport. Geopolitical changes, particularly in the Red Sea region, have further highlighted the importance of these routes. Both the EU and China are important trading partners for Central Asia, making the region significant in terms of economic and trade relations. This increased importance is reflected in the growing development of transport corridors and strengthened economic ties between Central Asia, China and the EU. Given the level of relations of the Central Asian countries with both the European Union and China, as well as the geographical location of the countries in the region, the following areas of possible impact can be identified. These include a possible decrease in EU-China freight traffic through Central Asia, increased Chinese and EU economic activity in Central Asia, and possible attempts by both Chinese and European companies to shift some of their production to the region to avoid new tariffs. Many thanks to Daryo Central Asia & Afghanistan and to Tawney Kruger !

UK and Ukraine extend tariff-free trade on majority of goods for an additional five years. The UK was the first country to remove tariffs on all its trade with Ukraine two years ago. Today’s announcement to significantly extend this existing agreement sees the UK continue that leading role, giving Ukrainian businesses and exporters much needed economic support and certainty. #ukrainesupport #freetrade #tradecompliance #exports https://lnkd.in/eSV-8iSp

What challenges and opportunities will Central Asia face with the EU's tariffs on Chinese #EVs? The #EU will raise tariffs on Chinese electric car imports to 38.1% starting July 2024, prompting concerns about reduced freight traffic and increased economic activity in #CentralAsia as both Chinese and European companies may shift production to the region to avoid tariffs. This move, part of a broader strategy to protect EU industries from state-subsidized Chinese competition, highlights the strategic importance of Central Asia in global trade routes and economic relations. Details — https://lnkd.in/dayaZqwP Eldaniz Gusseinov #tradewar #EUvChina #china #ElectricCars #freetrade #subsidies #tariffs

#EU #import #export #economy On February 21, the Committee of Permanent Representatives of the EU agreed on a mandate to hold negotiations on the continuation of the suspension of the application of tariffs and duties on imports from Ukraine and Moldova. The corresponding message is posted on the official website of the European Council.

In an attempt to simplify Australian trade & assist small & medium size organisations, Prime Minister Anthony Albanese will abolish up to 500 'nuisance' import tariffs from 1st July. Article attached in comments #imports #trade #supplychain

'Majority' that is 10 EU member countries out of 27 have voted in favour to impose #tariffs as high as 45% on Chinese EVs by 31st October. EU votes in favour of hefty tariffs on China-made EV imports: https://lnkd.in/dzc_Hsa8 #automotive #protectionism #international #market #competition #import #export

📅 This Day in International Trade: Seventy-seven years ago, 23 nations signed the General Agreement on Trade and Tariffs, the predecessor to the WTO. Since then, it’s grown to nearly seven times the size, with 166 current members. #ThisDayinInternationalTrade #FITT #WTO #GATT