November 18, 2022 Today’s Economic and Trade Consulting

18/11/2022

 
  1. The United States announced the establishment of a comprehensive strategic partnership with ASEAN

Recently, the White House of the United States issued a statement stating that US President Biden attended the summit of leaders of the United States and the Association of Southeast Asian Nations in Phnom Penh that day and decided to upgrade the relationship between the United States and ASEAN to a comprehensive strategic partnership. It marks the beginning of a "new era" in the relationship between the United States and ASEAN.
 
  1. Outward non-financial direct investment increased by 10.3% in the first 10 months

On the 17th, the Ministry of Commerce released data that from January to October this year, China's foreign non-financial direct investment was 627.4 billion yuan, a year-on-year increase of 10.3%. Among them, US$32.08 billion flowed to the leasing and business service industry, a year-on-year increase of 22.2%; the investment flowing to manufacturing, wholesale and retail, construction and other fields all showed a growth trend.
 
  1. Many countries provide financing to Egypt to promote its energy transition

Recently, Egypt, the United States and Germany issued a joint statement and political declaration to support the energy transition projects within the "Nowfi" plan. This is a continuation of efforts to mobilize soft development financing mechanisms for the national green project platform "Noufy" program to drive Egypt's green transition and transition to renewable energy.
 
  1. Australia's largest towing operator shut down, Christmas supply chain affected

Maersk-owned Australian tugboat operator Svitzer Australia has issued lockout notices to tugboat workers and their union negotiators in all ports it serves in response to disruptive and ongoing strike action by the unions.
The shutdown will begin at 12:00 noon AEDT on November 18 and will have no end date.

 
  1. CMA CGM announces two surcharges from Asia to Northern Europe

On November 18th, CMA CGM announced the collection of overweight surcharges (OWS) and dangerous goods surcharges for dry cargo from Asia to Northern Europe.
For dry cargo from Northeast Asia, Southeast Asia, Mainland China, Hong Kong and Macau to Northern Europe, Scandinavia, Poland and the Baltic Sea, the gross weight of the container is equal to or more than 20 tons, and the charge is USD 100 per 20-foot container.
For dangerous goods from Northeast Asia, Southeast Asia, Mainland China, Hong Kong and Macau to Northern Europe, Scandinavia, Poland, and the Baltic Sea, the charge is US$100/TEU.