Import tax, also known as customs duty, is a tax levied by the government on goods imported into the country. They are calculated as a percentage of the value of the goods…
Read MoreThe invasion of Russia into the Ukraine has pushed the eurozone into a new economic reality. We are experiencing serious threats to the recovery of the post-pandemic. In recent days, here in…
Read MoreWhen importing products from any country, e.g. China, freight accounts for a significant part of the total cost. There are many factors that can affect freight costs. Shipping Imported Products There are…
Read MoreThe International Chamber of Commerce coined INCOTERMS in 1936, which was revised in 2010. Incoterms are simply international commerce shipping terms. There are 13 incoterms and each one represents an agreement that governs…
Read MoreNew Rail Routes Between China and Europe In 2016 over 500,000 tonnes of freight went by train between China and Europe. Over 311 tonnes to Europe and over 200 tonnes from Europe…
Read MoreAustria: The hub between China & Europe Austria should become part of the Chinese prestigious project “New Silk Road” and grow by the expansion of freight transport to Asia as the hub…
Read MoreVolvo to Produce in China The Swedish car manufacturer Volvo wants to bring its first electric car, which it intends to produce in China, onto the market by 2020. By the year 2025,…
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