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Friday, December 30, 2016
Happy New Year!
Have a successful year full of fruitful deals and prosperous business! Happy New Year!
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Tuesday, December 27, 2016
Difficulties Faced by E-commerce Sites
The last week, The US trade officials announced that they had placed Taobao back to their list of the world’s most notorious markets for selling counterfeit products (Taobao is an online shopping website situated in China and managed by the Alibaba Group). Taobao was put on the trade representative office’s blacklist in 2011 but removed in 2012 after addressing concerns of intellectual property rights holders and committing to cut the amount of pirated and counterfeit goods for sale online.
The move by the U.S. Trade Representative's office, followed complaints from U.S. and international trade groups for apparel and luxury goods that Taobao was not doing enough to control sales of fakes and pirated products.
Michael Evans, Alibaba group president, said that the company was “very disappointed” to be put back on the list, and that Alibaba was far more advanced in protecting intellectual property rights than it was four years ago. The group president added that the decision ignored Alibaba’s work to remove more than twice the number of product listings this year than in 2015.
The trade representative’s office acknowledged that Alibaba had taken steps to combat piracy, including addressing the misuse of brand keywords, blurring trademarks in product images and developing technology to prevent counterfeit sellers from reopening under new names.
Being blacklisted does not carry any penalties, but it is a blow to Alibaba, which has been working to shed perceptions that its websites are riddled with fakes.
Source:
http://in.reuters.com/article/usa-trade-alibaba-idINKBN14A2EV
The move by the U.S. Trade Representative's office, followed complaints from U.S. and international trade groups for apparel and luxury goods that Taobao was not doing enough to control sales of fakes and pirated products.
Michael Evans, Alibaba group president, said that the company was “very disappointed” to be put back on the list, and that Alibaba was far more advanced in protecting intellectual property rights than it was four years ago. The group president added that the decision ignored Alibaba’s work to remove more than twice the number of product listings this year than in 2015.
The trade representative’s office acknowledged that Alibaba had taken steps to combat piracy, including addressing the misuse of brand keywords, blurring trademarks in product images and developing technology to prevent counterfeit sellers from reopening under new names.
Being blacklisted does not carry any penalties, but it is a blow to Alibaba, which has been working to shed perceptions that its websites are riddled with fakes.
Source:
http://in.reuters.com/article/usa-trade-alibaba-idINKBN14A2EV
Friday, December 23, 2016
Merry Christmas!
Wishing you all a very Merry Christmas! May this joyful season greet you with happiness and success! Export Portal >> exportportal.com
Tuesday, December 20, 2016
Tendencies of The World Economy in 2017
The outgoing 2016 was full of important economic and political events, some of them being Brexit and the US elections. The coming year certainly will bring other important events as the result of the elections in France, the Netherlands, and possibly Italy, Trump moving into the White House, and Britain set to trigger Article 50.
Adam Slater, the lead economist at research house Oxford Economics, helps us to take a look into the future. He has compiled a list of 10 themes which describe the major tendencies of the world economy in 2017:
- The renminbi will stay stable
- Wage growth will return
- Stocks will outperform fixed income for a second year
- The euro and the dollar will hit parity by the end of the year
- The eurozone will remain robust
- British growth will be better than consensus
- Emerging markets will remain unpredictable, with differing outcomes across the board
- Global trade growth will remain "sluggish"
- GDP growth globally will improve a little
- Inflation in the USA will shape global discourse
Source:
http://www.businessinsider.com/what-to-expect-from-the-economy-in-2017-2016-12
Adam Slater, the lead economist at research house Oxford Economics, helps us to take a look into the future. He has compiled a list of 10 themes which describe the major tendencies of the world economy in 2017:
- The renminbi will stay stable
- Wage growth will return
- Stocks will outperform fixed income for a second year
- The euro and the dollar will hit parity by the end of the year
- The eurozone will remain robust
- British growth will be better than consensus
- Emerging markets will remain unpredictable, with differing outcomes across the board
- Global trade growth will remain "sluggish"
- GDP growth globally will improve a little
- Inflation in the USA will shape global discourse
Source:
http://www.businessinsider.com/what-to-expect-from-the-economy-in-2017-2016-12
Tuesday, December 13, 2016
The Biggest Tax Haven Countries of 2016
According to the Oxfam Novib's (a worldwide development organisation) list of the world's 15 biggest tax havens, the Netherlands represents the biggest tax haven in the EU and the 3rd biggest in the world. The country is surpassed only by Bermuda and the Cayman Islands, which are ranked on the 1st and 2nd positions respectively.
Other European Union member states included in the top 15 are - Switzerland on 4th place, Ireland in 6th and Luxembourg on 7th position. Curacao is the 8th biggest tax haven in the world. And the British Virgin Islands made it to 15th place.
The countries on this list have no or very low corporate tax rates, give unfair tax incentives to businesses and do not participate in international measures against tax evasion. Oxfam Novib accuses these countries of increasing the inequality between states.
The world's 15 biggest tax havens, according to Oxfam Novib, are:
15. The British Virgin Islands
14. Mauritius
13. Barbados
12. Jersey
11. Bahamas
10. Cyprus
9. Hong Kong
8. Curacao
7. Luxembourg
6. Ireland
5. Singapore
4. Switzerland
3. Netherlands
2. Cayman Islands
1. Bermuda
Source:
http://nltimes.nl/2016/12/12/netherlands-europes-biggest-tax-haven-says-oxfam-novib
Other European Union member states included in the top 15 are - Switzerland on 4th place, Ireland in 6th and Luxembourg on 7th position. Curacao is the 8th biggest tax haven in the world. And the British Virgin Islands made it to 15th place.
The countries on this list have no or very low corporate tax rates, give unfair tax incentives to businesses and do not participate in international measures against tax evasion. Oxfam Novib accuses these countries of increasing the inequality between states.
The world's 15 biggest tax havens, according to Oxfam Novib, are:
15. The British Virgin Islands
14. Mauritius
13. Barbados
12. Jersey
11. Bahamas
10. Cyprus
9. Hong Kong
8. Curacao
7. Luxembourg
6. Ireland
5. Singapore
4. Switzerland
3. Netherlands
2. Cayman Islands
1. Bermuda
Source:
http://nltimes.nl/2016/12/12/netherlands-europes-biggest-tax-haven-says-oxfam-novib
Tuesday, December 6, 2016
India's Rice Exporters Regain Access to Chinese Market
India now has new opportunities of trade, as China lifted the restrictions related to the exports of non-basmati rice. China granted export approvals to 14 Indian non-basmaty rice companies, located in Haryana, Madhya Pradesh, Punjab and Uttar Pradesh. These companies include Kohinoor Foods, Best Foods, Amira Pure Foods, Nature Bio Foods, DRRK Foods, Sunstar Overseas, Ebro India, SSA International, Pari India, United Exports, MR Overseas, Sarveshwar Foods and KRBL. It should be mentioned that China is one of the world's major rice importers.
Bans were lifted as a result of the fact that a team consisting of 19 Indian rice millers visited China in September to address their concerns regarding the issue. Following the visit, China announced that it has accepted 14 out of the 19 rice companies to furnish the Chinese market with non-basmati rice. The quality of rice and the methods used by the Indian millers in making the product safe were inspected by several officials from China’s Administration of Quality Supervision, Inspection and Quarantine.
The rice exporting companies which plan to ship goods to China have to be registered with India’s National Plant Protection Organisation (NPPO), as China had restricted imports of non-basmati rice of Indian origin because of the presence of khapra beetle in India’s crop.
Despite the fact that India's rice exports declined in the past few years, the country continues to be a major exporter of basmati rice to China. The International Grains Council (IGC) estimated China to import about 4.1 million tonnes of rice in 2016-17. India’s rice exports fell to $5.79 billion in 2015/16 compared with $7.84 billion in 2014/15, but rice exports still accounted for 18% of country’s total agricultural exports last year.
Source:
https://www.thedollarbusiness.com/news/china-lifts-restrictions-on-imports-of-nonbasmati-rice-from-india/48768
Bans were lifted as a result of the fact that a team consisting of 19 Indian rice millers visited China in September to address their concerns regarding the issue. Following the visit, China announced that it has accepted 14 out of the 19 rice companies to furnish the Chinese market with non-basmati rice. The quality of rice and the methods used by the Indian millers in making the product safe were inspected by several officials from China’s Administration of Quality Supervision, Inspection and Quarantine.
The rice exporting companies which plan to ship goods to China have to be registered with India’s National Plant Protection Organisation (NPPO), as China had restricted imports of non-basmati rice of Indian origin because of the presence of khapra beetle in India’s crop.
Despite the fact that India's rice exports declined in the past few years, the country continues to be a major exporter of basmati rice to China. The International Grains Council (IGC) estimated China to import about 4.1 million tonnes of rice in 2016-17. India’s rice exports fell to $5.79 billion in 2015/16 compared with $7.84 billion in 2014/15, but rice exports still accounted for 18% of country’s total agricultural exports last year.
Source:
https://www.thedollarbusiness.com/news/china-lifts-restrictions-on-imports-of-nonbasmati-rice-from-india/48768
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