Transolve Global

07 Dec From WA to China: direct route to increase trade

Posted at 13:24h in Australian Exports, Australian Imports, Australian Ports, China, Global Trade by susan pop 0 Comments

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A new direct freight service between Shanghai and Fremantle ports is set to boost trade between Western Australia and China, its largest trading partner, reducing shipment time from 30 days to 14 days. This new “direct” route effectively removes the need to discharge cargo at the...

07 Dec Australia and UAE sign comprehensive economic agreement

Posted at 13:15h in Australia, China, Free Trade Agreement, UAE by susan pop 0 Comments

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Australia and the United Arab Emirates (UAE) have finalised the highly anticipated Comprehensive Economic Partnership Agreement (CEPA), representing a significant milestone in the strengthening of the trade relationship. This agreement provides Australian farmers, producers, manufacturers, service providers, exporters, and workers with unprecedented access and preferential treatment...

04 Dec China-Australia rates review

Posted at 22:05h in Australia, China, Freight Rates by susan pop 0 Comments

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A more detailed examination of the Australia-China rates shows a slight recovery in spot rates in the third week of October, after several weeks of (mostly) falls. The Shanghai Containerised Freight Index increased slightly to USD 4052/FEU, up from USD 3932/FEU in the week prior, and...

04 Dec Darwin Port and Shenzhen Port enter ‘friendly cooperation’ agreement

Posted at 21:31h in Australia, Australian Ports, China, Global Port Update, Update by susan pop 0 Comments

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Last month the Chinese-leased Darwin Port signed a "friendly cooperation" agreement with Shenzhen Port in Southern China to support a closer relationship and boost trade opportunities. This non-binding Memorandum of Understanding (MOU) aims to increase trade links between both strategic maritime gateways, boost trade opportunities and...

14 Jul Biden applies US tariffs on wide array of Chinese imports

Posted at 15:10h in China, Customs Tariff, Global Trade, USA by susan pop 0 Comments

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As part of his election campaign, U.S. President Joe Biden has announced steep tariff increases to a wide array of Chinese imports, which has seen China state their opposition and intention to defend its own interests. These new tariffs affect $18 billion in imported Chinese goods...

14 Jul Tariff removal sees Australian wine exports skyrocket

Posted at 14:46h in Australia, Australian Exports, China, Wine Industry by susan pop 0 Comments

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China's abolishment of the wine tariff in March has seen Australian wine exports skyrocket in the months since. Following the removal of this tariff, Australian wine exports have risen by more than 675% in volume and 8300% in value, as Australia's exported wine value hit over...

15 May Middle East Volatility Impacts China’s Shipping Futures

Posted at 20:11h in China, Global Port Update, Global Trade, Ocean Freight, Shipping, Shipping Containers by susan pop 0 Comments

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The collapse of the Middle East peace talks has seen China's container shipping futures rally, with interest up 15% from the previous week, potentially indicating shippers belief that rates will stay elevated. In addition, Linerlytica's latest report revealed that spot market rates have risen by almost...

09 Apr China abolishes wine tariffs

Posted at 21:06h in Australian Exports, China, Tariffs, Wine Industry by susan pop 0 Comments

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In welcome news, China 's Ministry of Commerce has announced the abolishment of tariffs on Australian wine, which became effective as of 29th March 2024. Prior to the introduction of these punitive tariffs, mainland China was Australia's most valuable export market, worth AU$1.3billion, a value...

18 Mar China Announces Intention To End Wine Tariff

Posted at 19:49h in Australia, Australian Exports, China, Customs Tariff, Wine Industry by susan pop 0 Comments

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This week has seen the Chinese government release an interim recommendation that the duties on wine are no longer necessary. This recent announcement has raised hopes that the removal of the tariffs which hit peaks of 200% on wine and resulted in Australia's annual wine exports...

15 Feb China Lifts Lockdown on Australian Abattoirs

Posted at 10:50h in Australian Exports, China, Department of Agriculture, Global Trade by susan pop 0 Comments

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China has lifted suspensions on three Australian meat export establishments with eight yet to be lifted. The conclusion of these initial suspensions is another positive step towards the stabilisation of the trade relationship between China and Australia. With renewed optimism regarding the removal of all the...