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According to Reuters, Bangladesh is currently facing a serious dollar shortage and can’t even pay gas charges, and imports have been delayed over and over again. Bangladesh Petroleum Corporation (BPC) owes six overseas companies more than $300 million in debt, some of which have shipped less than the planned quantity or threatened to stop supply.

Mediterranean Shipping (MSC) announced upgrades to 11 intra-Asia routes to further strengthen its internal network in Asia and provide more convenient direct flight services, shorten shipping times and increase capacity.This upgrade plan will take effect in June 2023, providing customers with more efficient freight services.

India has recently taken a tough counteraction to the European Union’s Carbon Border Adjustment Mechanism (CBAM). CBAM is commonly referred to as the “EU Carbon Tariff” and the EU plans to launch a transitional period on October 1 this year. However, Indian government and industry senior sources have revealed that India intends to file a complaint to the World Trade Organization (WTO) about the EU’s carbon tariffs. Developing countries such as India believe that the EU has introduced trade barriers, not only...

Vietnam’s foreign trade is facing a series of challenges, with exports falling by 11.9 percent in the first quarter and 17.19 percent in April. Vietnam’s economy is heavily dependent on exports, which also led to GDP growth in the first quarter of just 3.32 percent, reaching a twelve-year low.

China Customs became Uzbekistan’s first “certified operator” (AEO) mutual recognition partner, this was announced at the “China-Central Asia Summit” on May 18. The two sides signed the Agreement on mutual recognition between the General Administration of Customs of the People’s Republic of China and the Customs Commission of the Ministry of Economy and Finance of the Republic of Uzbekistan on the “certified operator” system, which marks the trade between the two countries.

Supply chains in the U.S. arely recovering from early pandemic shocks, but more than three years have passed and the U.S. still faces material shortages and recruitment difficulties locally.