Author: News Desk

Chinese e-commerce platform Temu has resumed shipments to Türkiye, shifting to a company-managed import system following the elimination of the previous low-value customs exemption. To manage its operations in Türkiye, the platform established a local entity called WhaleCo, which oversees imports and completes customs clearance on behalf of buyers. Under this revised system, customers pay applicable taxes during checkout, while the company handles customs procedures and ensures direct delivery to recipients. Under the new arrangement, WhaleCo serves as the official importer in Türkiye, ensuring goods enter under commercial import status rather than individual consumer shipments. Instead of customers submitting customs…

Vietnam’s Ministry of Science and Technology has introduced new regulations governing the importation of used technology lines, equipment, and machinery as the country accelerates efforts to strengthen its semiconductor industry while safeguarding against the inflow of outdated technologies. These measures apply both to the semiconductor sector and to broader digital technology research and development activities, ensuring that technological standards remain current and competitive. Circular No. 30/2025/TT-BKHCN establishes technical standards for the import of used equipment into Việt Nam, with the goal of promoting safety, energy efficiency, and environmental protection, while supporting the sustainable growth of the domestic semiconductor industry. Nguyễn…

The Canada Mortgage and Housing Corporation (CMHC) has projected a sluggish year for the Windsor housing market, with both home sales and new construction expected to slow. According to its latest Housing Market Outlook, elevated building costs, subdued demand, and an increasing inventory of unsold homes will place significant pressure on Canadian homebuilders. The report further anticipates that new housing construction will continue to decline through 2028, underscoring persistent challenges for the sector. Anthony Passarelli, CMHC’s Lead Economist for Southern Ontario, attributes the slowdown to broader economic uncertainty, particularly stemming from Canada’s trade relationship with the United States. He noted…

Cambodia and Cuba have launched a tourism partnership to strengthen travel links between Southeast Asia and the Caribbean, leveraging six decades of diplomatic ties. The agreement establishes a three‑pillar roadmap including reciprocal familiarization trips, professional exchanges to promote tourism, and a Memorandum of Understanding between the tourism ministries. This initiative forms part of broader efforts to diversify markets and increase visitor numbers to both countries. The agreement was formalized during a high-level meeting on Tuesday between Cambodian Tourism Minister Huot Hak and Cuba’s Deputy Tourism Minister Adalberto Venero Lemus. The Cuban delegation, led by Ambassador Milena Caridad Zaldivar Piedra, is…

Vietnam and Brazil have strengthened bilateral trade and commercial relations through the signing of a memorandum of understanding (MoU) between two leading business promotion organizations. The agreement was formalized by the Brazil–Vietnam Chamber of Commerce (BVC) and the Espírito Santo chapter of the Brazil–Vietnam Chamber of Commerce and Industry (CCBV-ES), with support from the Vietnamese Embassy in Brazil. The MoU aims to deepen cooperation and broaden business opportunities for companies from both nations. The signing ceremony, held in São Paulo on Saturday, was attended by Vietnamese Ambassador to Brazil Bui Van Nghi and Head of the Vietnam Trade Office in…

The U.S. and Bangladesh on Monday finalized the United States–Bangladesh Agreement on Reciprocal Trade, marking a step toward stronger bilateral economic relations. Under the revised framework, Bangladeshi exports to the U.S. market will face a 19% tariff—slightly lower than the 20% imposed in August and well below the original reciprocal rate of 37%. The agreement was signed by U.S. Trade Representative Jamieson Greer and Bangladesh’s Adviser for Commerce, Textiles and Jute, and Civil Aviation and Tourism, Sheikh Bashir Uddin, in the presence of Bangladesh Commerce Secretary Mahbubur Rahman and Assistant U.S. Trade Representative Brendan Lynch. The pact, signed after more…

The European Commission on Friday proposed a new sanctions package against Russia, broadening restrictions on its energy sector, banking system, and trade in goods and services as it seeks to intensify pressure on Moscow. The 20th round of sanctions against Russia introduces a comprehensive ban on maritime services for Russian crude oil and adds 43 additional vessels to the list linked to the shadow fleet. It also prohibits the provision of maintenance and related services for LNG tankers and icebreakers, further constraining gas export projects by effectively barring their access to European ports. In addition, the package imposes new import…

President Donald Trump signed an executive order on Friday that increases fourfold the volume of beef imports from Argentina to the United States under a newly established trade agreement with the South American nation. The agreement will “grant an unprecedented expansion of preferential access for Argentine beef to its market by 100,000 tons,” an increase of “$800 million in Argentine beef exports,” Argentina’s Foreign Ministry wrote in a statement. Titled “Ensuring Affordable Beef for the American Consumer,” Trump’s executive order states that U.S. production capacity has not kept pace with rising demand in recent years, resulting in higher prices. The…

The United States has lifted its arms embargo on Cambodia, effective February 3, a decision viewed as a signal of warming ties between the two countries under Donald Trump’s presidency. On Tuesday, the U.S. Department of Commerce officially delisted Cambodia from its arms sales blacklist, marking a major step in easing military ties. The move followed an update by the Bureau of Industry and Security (BIS) in the Federal Register, which removed Cambodia from ‘Country Group D:5,’ a designation that had restricted arms exports. The lifting of the embargo aims to strengthen defense cooperation and tackle mutual security challenges in…

Pakistan and Uzbekistan on Thursday agreed to increase bilateral trade to $2 billion within the next five years, as Pakistan Prime Minister Shehbaz Sharif and Uzbek President Shavkat Mirziyoyev signed a protocol to deepen economic and trade ties between the two nations. The protocol was finalized on the opening day of President Mirziyoyev’s two-day state visit to Pakistan. Under the agreement, the two sides will form a joint working group to develop a five-year action plan, outlining priority areas to boost trade, investment, and wider economic collaboration. The agreement follows discussions between the two leaders in Tashkent weeks earlier, where…