Australia PM to Talk Wine Tariffs With China Foreign Minister in Canberra

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Australia’s Prime Minister Anthony Albanese said on Saturday the removal of Chinese tariffs on Australian wine would be on the agenda when he meets China’s Foreign Minister Wang Yi next week in Canberra.

 

 

Wang, China’s top diplomat, is set to visit Australia and New Zealand from March 17 to 21. The trip comes as China moves ahead with a review of tariffs first imposed on Australian wine during a diplomatic spat in 2020.

 

“We will host the Foreign Minister Wang Yi in Canberra in the coming week, and I look forward to having further discussion with the foreign minister,” Albanese said in comments televised by the Australian Broadcasting Corp from Adelaide, capital of South Australia, a major wine producing state.

 

Albanese said he expected a decision from China in coming weeks that would open back up the wine market, describing it as “win-win” for both countries.

 

“Dialogue leads to understanding and it leads to benefit for both of our nations. Australia will benefit from the economic activity that removal of these impediments will bring,” he said.

 

China said this month its review of tariffs on Australian wine was progressing well, but stopped short of confirming an Australian government claim the dispute would be resolved by the end of March.

 

China has been steadily lifting trade barriers put in place from late 2020 on a range of products and commodities including barley, wine, coal and lobsters. The restrictions were part of a spat over foreign investment and security that boiled over when Australia called for an inquiry into the origins of COVID-19.

 

 

Foreign trade news: U.S.News
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Adelantan hora los relojes de la franja fronteriza norte

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La Agencia Nacional de Aduanas de México detalló que el ajuste dehorario en las aduanas ubicadas en cinco entidades fronterizas con Estados Unidos surtió efecto desde las 2:00 horas del pasado domingo 10 de marzo, y permanecerá vigente hasta las 2:00 horas del domingo 3 de noviembre de este año.

Los horarios de operación de aduanas de la franja fronteriza norte en 37 municipios, se modificaron acorde al horario de verano en Estados Unidos y adelantaron una hora su reloj para facilitar la coordinación logística y garantizar un flujo eficiente en las operaciones comerciales transfronterizas, informó la Agencia Nacional de Aduanas de México (ANAM) a los empresarios.

 

Precisó que este ajuste de horario en las aduanas en cinco entidades fronterizas (Baja California, Chihuahua, Coahuila, Nuevo León y Tamaulipas) con Estados Unidos surtió efecto desde las 2:00 horas del pasado domingo 10 de marzo, y permanecerá vigente hasta las 2:00 horas del domingo 3 de noviembre del 2024.

 

“Se recomienda a la comunidad empresarial, así como a importadores, exportadores y personas usuarias del comercio exterior a que tomen nota sobre estos ajustes y planifiquen sus actividades”, expuso.

 

En este sentido, “las aduanas ubicadas en esta región modificarán su horario de funcionamiento en apego a dicha disposición, por lo que las horas hábiles para la entrada y salida de mercancías, personas y medios de transporte del territorio nacional podrían ser distintos a los publicados en el Anexo 4 de las Reglas Generales de Comercio Exterior para 2024”, refirió la ANAM a través de un comunicado.

 

La Cámara Nacional de la Industria de la Transformación (Canacintra) respondió que dichos cambios de horario estacional de verano son positivos para la industria y comercio, ya que de no hacerlo, “estaríamos desfasados y nos pega en competitividad, nos complica los trámites. El hecho de que tengamos los mismos horarios, aduana norteamericana con la aduana mexicana para los cruces comerciales, nos permite estar en la misma frecuencia”, dijo el dirigente del organismo en Ciudad Juárez, Manuel Salayandia.

 

A pesar de que en el país se aprobó la eliminación del Horario de Verano, en el comercio exterior se acordó alinearse a los horarios del país vecino del norte.

 

De acuerdo con lo establecido en el Decreto por el que se expide la Ley de los Husos Horarios en los Estados Unidos Mexicanos publicado en el Diario Oficial de la Federación (DOF) el 28 de octubre de 2022, se ha implementado un horario estacional en algunos estados y municipios de la frontera norte del país.

 

La ANAM enumeró las aduanas en los municipios que se ajustaron los horarios: Baja California (San Quintin, Tecate, Tijuana, Ensenada, Mexicali y Playas de Rosarito; en Chihuahua (Guadalupe, Janos, Juárez, Manuel Benavides, Ojinaga, Pradexis Guerrero, Ascención y Coyame del Sotol); Coahuila (Jiménez, Morelos, Nava, Ocampo, Piedras Negras, Villa Unión, Zaragoza, Acuña, Allende, Hidalgo y Guerrero. Nuevo León (Anáhuac) y Tamaulipas (Miguel Alemán, Mier, Nuevo Laredo, Reynosa, Río Bravo, Valle Hermoso, Camargo, Guerrero, Gustavo Díaz Ordaz y Matamoros).

 

Fuente: El Economista

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WTO Sees Weak Early 2024 Trade Pick-Up, With Geopolitical Risks

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 Global goods trade should continue to recover gradually in the first months of 2024, but could easily be derailed by regional conflicts and geopolitical tensions, the World Trade Organization said on Friday.

 

The WTO said its goods trade barometer stood at 100.6 points, close to the baseline of 100 and barely changed from the level reported in November.

 

The Geneva-based trade body said the reading continued to signal weak upward momentum after merchandise trade declined by 0.4% in the third quarter of 2023 from the second and by 2.5% year-on-year.

 

The WTO said the barometer’s component indices were mostly neutral, but automotive production and sales were above trend and electronic components trade below.

 

The goods trade barometer is a composite of data and is designed to anticipate turning points and gauge momentum in global trade growth rather than to provide a specific short-term forecast.

 

The WTO has already said that its estimate of goods trade growth in 2023 of 0.8% will need to be revised down.

 

Source: U.S.News
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Incrementan fletes marítimos entre Asia y México

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Desde abril de 2023 que no se había registrado un incremento “agresivo” en el costo del flete marítimo en la ruta comercial entre Asia – México – costa oeste de Sudamérica (WCSA).

 

El índice EAX, que publica mensualmente Eternity Group México, firma freight forwarder de origen chino, registró que en enero de este año el flete promedió los 2.460 dólares por contenedor de 40 pies (FEU), un alza de 50,18% con respecto al mes anterior.

 

“Generalmente, es habitual observar que la tarifa de fletes aumenta a tan solo unas semanas previo al CNY (Año Nuevo chino), sin embargo, es importante destacar que desde abril del 2023 no se habían observado incrementos de tarifa tan agresivos (superiores a 50% m/m)”, se lee en el reporte de Eternity.

 

El freight forwarder indicó que previo al CNY, celebrado el pasado 10 febrero, notaron una importante congestión portuaria en los puertos base de Asia, derivado principalmente de la alta demanda de mercancías, donde México ha sido uno de los destinos con mayor crecimiento en los últimos meses.

 

En consecuencia, “esperamos retrasos de entre 10 a 20 días en tiempos de tránsito debido a los grandes volúmenes operados y a las habituales campañas de blank sailing (salidas en blanco) que durante febrero suelen materializar las líneas marítimas”.

 

La Coordinación General de Puertos y Marina Mercante (CGPMM), de la Secretaría de Marina (Semar), publicó en sus estadísticas que durante enero de este año los puertos del Pacífico mexicano operaron 527.974 contenedores de 20 pies (TEU), 19,4% más que el mismo mes del año pasado.

 

Los principales puertos de este litoral en el manejo de contenedores, Lázaro Cárdenas y Manzanillo, han experimentado alzas de 41,2% y 13,8%, con 185.406 y 309.251 TEU durante el periodo de referencia, respectivamente.

 

“A nivel trade lane, durante el primer trimestre de 2024 esperamos un crecimiento de al menos 5-8% en la capacidad desplegada debido a la confianza de los carriers en la demanda de mercancías, donde principalmente México continúa sobresaliendo en comparación a otras economías”, afirmó la compañía freight forwarder.

 

Capacidad en crecimiento y sustentable

 

Pasando al análisis de capacidad adicional global, Eternity Group México indicó que el mercado recibió entregas de buques nuevos por más de 258 mil TEU aproximadamente, en esta ocasión la naviera más favorecida fue Mediterranean Shipping Company (MSC) con poco más de 67 mil TEU.

 

De acuerdo con Alphaliner, el orderbook de nuevos buques considera flotillas enfocadas a la reducción de huella de carbono, donde al menos 152 unidades, que comprenden una capacidad de 1,75 millones de TEU estarán empleando bio-combustibles.

 

Este tipo de inversiones, demandantes en capital, buscarán cumplir con los objetivos ambiciosos de ofrecer servicio “zero-emissions”, no obstante, el costo operativo por contenedor incrementará sustancialmente, factor que provocará grandes desafíos para los exportadores/importadores y que generará mayor incertidumbre en el equilibrio de la tarifa en el mediano plazo.

 

 

Fuentes: Mexicoexport

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Hungary’s Parliament Speaker Signs off on Sweden’s NATO Accession

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Hungarian parliament speaker Sandor Lezsak has signed off on the ratification of Sweden’s NATO accession and forwarded the legislation to the president’s office for promulgation, voting records on parliament’s website showed on Saturday.

 

Lawmakers approved Sweden’s NATO accession on Feb. 26, clearing the last hurdle before the historic step by the Nordic country whose neutrality lasted through two world wars and the Cold War.

 

The Hungarian vote ended months of delays to complete Sweden’s security policy shift and followed a visit by Swedish Prime Minister Ulf Kristersson, during which the two countries signed an arms deal.

 

Hungarian Prime Minister Viktor Orban’s government has faced pressure from NATO allies to fall in line and seal Sweden’s accession to the alliance. Hungary’s president now has up to five days to promulgate the legislation.Stockholm abandoned its non-alignment policy for greater safety within the North Atlantic Treaty Organization after Russia’s invasion of Ukraine in 2022.

 

Source: U.S.News
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India’s Stance on Data Transfers at WTO Spooks Chip Giants

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A global consortium of semiconductor industry groups has asked India to reconsider its plan to push for duties on cross-border digital e-commerce and data transfers at an upcoming global trade meeting, warning that India’s stance will stifle its own chip design industry.

 

Ministers from across the globe are convening for a World Trade Organization meeting in Abu Dhabi early next week to try to discuss several trade-related issues, including extending a moratorium in place since 1998 on applying duties on electronic transmissions.

 

Developing nations like India, South Africa and Indonesia are set to oppose efforts by U.S. and Europe to extend the moratorium. If no agreement is made, the moratorium would expire this year.

 

The moratorium collapse would mean tariffs on digital e-commerce and an innumerable number of transfers of chip design data across countries, raising costs and worsening chip shortages, the World Semiconductor Council (WSC) wrote to Indian Prime Minister Narendra Modi on Thursday.

 

The chips sector is a key plank of Modi’s agenda to push India’s economic growth, with a $10 billion incentive package in place to boost the Industry.

 

Duties on data transfers would ” also impede India’s efforts to advance its semiconductor industry and attract semiconductor investment, especially as more than 20% of the world’s semiconductor design workforce is based in India,” the group wrote in the letter, a copy of which was reviewed by Reuters.The prime minister’s office did not immediately respond to a request for comment.

 

WSC comprises of chip industry associations in regions like the U.S. and China, which represent chip stalwarts such as Qualcomm, Intel, AMD and Nvidia.

 

New Delhi has said that physical goods like books and videos, once governed by traditional tariff rules, were now available as digital services and should be subject to duties. Developing nations are facing massive loss in potential revenue with such imports from developed countries on the rise, India maintains.

 

WSC in its letter also urged India to work toward a WTO agreement to permanently prohibit countries from subjecting cross-border data and digital tools to customs duties and procedures.

 

India’s support to renewing the moratorium will “send a strong signal to semiconductor companies that India is an investment friendly environment,” the group wrote.

 

Source: U.S.News
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US Import Prices Post Largest Gain in Nearly Two Years in January

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U.S. import prices increased by the most in nearly two years in January amid rising costs for petroleum and other goods, a trend that if sustained, would be bad news in the fight against inflation.

 

Import prices jumped 0.8% last month, the largest gain since March 2022, after a revised 0.7% decline in December, the Labor Department’s Bureau of Labor Statistics said on Thursday. Import prices were previously reported to have been unchanged in December. Economists polled by Reuters had forecast import prices, which exclude tariffs, would be unchanged in January.

 

In the 12 months through January, import prices fell 1.3% after decreasing 2.4% in December. Annual import prices have now dropped for 12 consecutive months, though the pace of decline is slowing. Government data this week showed that consumer prices picked up in January, driven by higher rental costs as well as price increases at the start of the year.

 

Financial markets have pushed back their interest rate-cut expectations to June from May. Since March 2022, the Federal Reserve has raised its policy rate by 525 basis points to the current 5.25%-5.50% range.

 

Imported fuel prices rebounded 1.2% in January. That followed a 7.7% plunge in December. The cost of imported food surged 1.5% after dipping 0.1% in the prior month.

 

Excluding fuels and food, import prices rose 0.7% after being unchanged in December. These so-called core import prices fell 0.6% on a year-on-year basis in January.

 

Prices for imported capital goods rose 0.4% last month after slipping 0.1% in December. The cost of motor vehicles, parts and engines jumped 0.8% after rising 0.1% in the prior month.

 

Consumer goods excluding automotives soared 1.1%. Prices of goods imported from China fell 0.3%. They dropped 2.9% on a year-on-year basis in January.

 

The report also showed export prices rebounded 0.8% after declining 0.7% in December. Export prices fell 2.4% on a year-on-year basis in January after decreasing 2.9% in December.

 

 

Source: U.S.News

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New Northern Ireland Government Calls for More Money From London

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Northern Ireland’s new power-sharing executive called on Britain on Monday to boost its offer to ease the region’s strained budget beyond the 3.3 billion pounds ($4.2 billion) included in a deal to restore the devolved administration.

 

Prime Minister Rishi Sunak met political leaders in Belfast on Monday after convincing the pro-British Democratic Unionist Party (DUP) last week to drop its two-year boycott of the regional assembly by easing post-Brexit trade frictions.

 

Sunak said the funding offer was “significant and generous”, although his minister for the region, Chris Heaton-Harris, did not rule out the new administration potentially negotiating an increase.

 

“Now we will have ministers for finance and for the economy, who will be able to talk directly to their counterparts in His Majesty’s Treasury, and if there’s data to prove otherwise I’m quite sure they’ll find a listening ear,” Heaton-Harris told BBC Radio.

 

The deal with the DUP paved the way for a new power-sharing coalition to be formed on Saturday, with Sinn Fein’s Michelle O’Neill as first minister, a first for an Irish nationalist in a historic milestone for the British region.

 

The British government offered the funding in December after talks with all parties. London had refused to increase Northern Ireland’s 14.2 billion pound annual budget earlier last year, despite inflation reaching a multi-decade high.

 

That led to the biggest public sector strike in a generation last month, with workers angry at not receiving any increase in pay, unlike colleagues in the rest of the United Kingdom.

 

Northern Ireland’s ministers said the 584 millions pounds set aside for pay fell short of the “known pressures” of 690 million pounds and that the rest of the package was also below the long-term level of need to deliver public services.

 

The two-year shutdown has also increased calls for reform of the rules that have allowed the largest party on either side to repeatedly disable power-sharing for long periods.

 

Sunak and his Irish counterpart, Leo Varadkar, said last year they would be open to discussing reforms with the parties if power-sharing was restored. Varadkar said on Monday that a “bedding down” period was needed before such considerations.

 

“I think the focus for now and certainly for the next few months is on getting the executive up and running,” he said after a meeting with Sunak.

 

 

Source: U.S.News
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AUTOTRANSPORTE DE CARGA Y APORTACIÓN AL PIB

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El autotransporte de carga aportó el 3.7% al PIB nacional en el año 2022.

 

Así lo detalló la Agenda Económica del Autotransporte de Carga, elaborada por la Cámara Nacional del Autotransporte de Carga (CANACAR).

 

El reporte destacó la posición estratégica del sector para las actividades económicas y el impacto que tiene en la productividad y competitividad nacional.

 

Con datos al año 2022, el autotransporte de carga movilizó 548.2 millones de toneladas de productos y mercancías, lo que equivale al 81.0% de la carga terrestre y 56.8% de la carga doméstica total.

 

La flota vehicular alcanzó un total de 1,253,020 conformada por 50.5% de unidades motrices y 49.5% unidades de arrastre.

 

632,252 unidades motrices conforman la flota vehicular de carga terrestre del país, con una antigüedad de 21.2 años en promedio.

 

En tanto, las unidades de arrastre suman 620,240 unidades y la edad promedio asciende a 20.2 años.

 

Dichas cifras reflejan la necesidad de la modernización del parque vehicular, acotó la agenda.

 

Estructura empresarial del autotransporte de carga

 

En su estructura empresarial, el autotransporte de carga está representado por 198,272 permisionarios registrados ante la Secretaría de Infraestructura, Comunicaciones y Transportes.

 

El 81.1% de ellos están en el rango del micro transportista, mientras que el 16.2% de los permisionarios registrados son pequeños transportistas.

 

En tanto, el 2.1% son de tamaño mediano y solo 0.6% de los empresarios dedicados al autotransporte de carga son considerados grandes transportistas.

 

El 97.3% de las unidades productivas en el autotransporte de carga son micro y pequeños transportistas.

 

Considerando el parque vehicular, participan con el 53.1% del mercado.

 

Del total de permisionarios, en su mayoría son personas físicas que participan con el 85.3% mientras que las personas morales abarcan el 14.7% restante.

 

Dada la importancia del comercio en la región de América del Norte, particularmente el intercambio entre México y Estados Unidos, las mercancías transportadas vía terrestre, el autotransporte de carga representó el 83.3% del total del comercio.

 

 

Fuente: Mexiexport

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Teradyne Pulled $1 Billion Worth of Manufacturing From China Amid US Export Controls

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 Teradyne, a supplier of semiconductor testing equipment, pulled manufacturing worth about $1 billion out of China last year, a Teradyne spokesperson said on Monday, after U.S. export regulations led to supply chain disruptions.

 

A factory in Suzhou was the company’s main manufacturing site for its semiconductor test equipment, which it subcontracted to Flextronics.

 

Massachusetts-based Teradyne moved its production out after U.S. rules issued in October 2022 restricted exports to semiconductor manufacturing facilities there as part of an effort to keep U.S. technology from helping China’s military.

 

Many U.S. companies have been trying to reduce their reliance on China in recent years as the U.S.-China tech battle ramps up and regulators limit trade in sensitive technologies like chip making.

 

Teradyne, which reports earnings on Tuesday, warned investors in its 2022 annual report about the potential impact of the October regulations, and in October 2023 said the restrictions hit both Teradyne’s sales to certain companies in China and its manufacturing and development operations.

 

On Friday, Teradyne’s director of global compliance and ethics, Brian Amero, told a virtual export conference about the move out of China.

 

“We did manufacturing in China, so we had to get an emergency authorization to continue that activity,” Amero said at the Massachusetts Export Center’s annual export expo. “We decided that was too risky so we moved manufacturing out of China — at no insignificant expense.”

 

Amero said some suppliers would not ship to the company, despite its authorization, leading to supply chain disruptions. It eventually got licenses to mitigate the impact of the regulations, the company reported, and when the U.S. updated the rules in October 2023, it carved out an exception for testing equipment used after a wafer is created.

 

“It’s still a front-burner issue,” Amero said during a conference session titled, “The China Balancing Act: Complying with Export Controls While Maintaining Your Sanity.”

 

While Teradyne had not been a “direct target” of the rules, he said, the company had been “significantly impacted by them. And we’re seeing that show up in market share.”

 

Amero did not provide numbers. But for the three months that ended Oct. 1, China accounted for 12% of revenues, versus 16% for that quarter a year earlier.

 

Source: U.S.News

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