General

Guide to New Foreign Trade Regulations in November:

➢November customs applicable exchange rate

➢ The "Administrative Regulations of the Customs of the People's Republic of China on the Classification of Imported and Exported Goods" will come into force on November 1st

➢ The Port of Los Angeles and the Port of Long Beach announced that they will charge new surcharges to shipping companies from November 1st

➢ South Korea will cut its fuel tax by 20% from November 12

➢Since November, chip and wafer foundries have raised prices again!

➢ Brazil plans to publicly auction 5G frequency bands in November

➢Japan announced its economic stimulus plan in early November

➢ Ukraine's ban on importing electricity from Russia and Belarus is extended to November

➢ The toll for natural gas ships on the Egyptian Canal will be lowered from November 1st

➢Since November, many countries have relaxed or opened up their immigration policies

November customs exchange rate

The "Administrative Regulations of the Customs of the People's Republic of China on the Classification of Imported and Exported Goods" will come into force on November 1st

The "Administrative Regulations of the Customs of the People's Republic of China on the Classification of Imported and Exported Goods", which were reviewed and approved at the executive meeting of the General Administration of Customs on September 6, 2021, are hereby promulgated and shall come into force on November 1, 2021.

The Port of Los Angeles and the Port of Long Beach announced that starting from November 1, new surcharges will be charged to shipping companies

On October 25, the Port of Los Angeles issued an announcement announcing that in order to improve the efficiency of US ports and improve congestion, the Port of Los Angeles and the Port of Long Beach will implement a new policy-to charge shipping companies a new surcharge, applicable to those stranded at the terminal. Imported containers.

According to the new policy, starting from November 1 this year, the Port of Los Angeles and the Port of Long Beach will charge shipping companies a surcharge of US$100/carton for the following two types of goods, and an increase of US$100/carton per day.

In the first category, for containers that are planned to be transported by truck, if the stay time at the terminal exceeds 9 days (including 9 days), the shipping company will be charged the above-mentioned surcharge.

The second category, for containers transported by rail, if the stay time at the terminal exceeds 3 days (including 3 days), the shipping company will be charged the above-mentioned surcharge.

South Korea cuts 20% fuel tax from November 12

Korea Radio International reported on October 26 that South Korea will temporarily lower its fuel tax by 20% from November 12.

According to this measure, gasoline prices will be reduced by 164 won (approximately RMB 0.9) per liter, diesel will be reduced by 116 won per liter, and butane gas will be reduced by 40 won per liter. The quota tariff rate for imported liquefied natural gas (LNG) is temporarily 0%. The fuel tax cut this time hit a record high.

Since November, chip and wafer foundries have raised prices again!

On September 27, XILINX announced that all VersalM series rose 10%, and other products rose 20%, effective November 1.

MediaTek plans to increase the price of some chip solutions starting from November 1, especially the price of Wi-Fi solutions including the MT7668 and MT7663 series, up to 30%.

Renesas Electronics’ sudden price increase letter decided to increase the pricing of most products in order to maintain the continuity of supply and long-term manufacturing, which will take effect on January 1, 2022.

Brazil plans to publicly auction 5G frequency bands in November

The Council of Brazil's National Telecommunications Agency held a special meeting on the 24th to pass the final version of the decree on the fifth-generation mobile communication technology (5G), and plans to publicly auction the 5G frequency band on November 4.

In this auction, telecommunications companies will bid on four frequency bands, 700MHz, 2.3GHz, 3.5GHz and 26GHz. The company's 5G frequency band operation right is valid for 20 years. According to the plan, Brazil will begin to provide 5G services in state capitals in July 2022. It is reported that telecommunications operators, including Claro, Brasil Telecom, Italy Mobile Telecommunications Group Joint Stock Company and Vivo will participate in the bidding.

Japan announced its economic stimulus plan in early November

According to reports from Reuters and The Japan Times on Tuesday (October 26), Japanese Economy Minister Daishiro Yamagiwa said on Tuesday that an economic team led by Japanese Prime Minister Fumio Kishida will be held in November. At the beginning of this month, a proposal for a stimulus plan was prepared to alleviate the impact of the new crown virus on the Japanese economy.

The proposal will also include a roadmap for long-term policy priorities, such as building a stronger supply chain, promoting innovation and distributing wealth to low-income households.

Ukraine’s ban on imports of electricity from Russia and Belarus extended to November

The Ukrainian energy regulator has extended the ban on electricity imports from Russia and Belarus in May this year to November 1. According to local media Ukrinform, the National Energy and Utilities Regulatory Commission (NEURC) passed the relevant decision on September 29. According to the memorandum of the decision, between May 26 and September 23, NEURC did not receive any calls for the need to resume electricity imports from countries that are not members of the Energy Community.

Tolls for natural gas vessels on Egyptian canals will be lowered from November 1st

The Financial Associated Press, October 27, Egypt's Suez Canal stated that the fixed rebate for canal tolls for LNG carriers will be reduced from 25% to 15%, which will take effect on November 1.

Since November, many countries have relaxed or opened up their immigration policies

From November 8th, the United States lifts entry restrictions on fully vaccinated foreign citizens

The White House announced on Friday (October 15) that from November 8th, entry restrictions on fully vaccinated foreign citizens will be lifted, including land borders and air travel. Travelers must present a complete vaccination certificate and a negative result of the Covid-19 test conducted within three days before departure.

Any vaccine approved by the World Health Organization meets the entry requirements, which also means that foreign citizens who have received other vaccines, as long as they have been vaccinated with Pfizer Pfizer, AstraZeneca AZ, Johnson & Johnson, Modena Moderna, Sinopharm and Beijing Coxing will be allowed to enter the United States.

South Korea has entered into a "phased recovery of daily life" model since November

South Korea’s Central Disaster Safety Countermeasures Headquarters announced on the 25th that South Korea will resume daily life in three stages starting from November 1. Each stage will go through a four-week implementation period and a two-week evaluation period.

Starting from November 1st, it will be the first stage of resuming daily life-the "restrictions on the operation of living facilities". During this period, all public facilities except entertainment facilities and indoor sports facilities can be opened 24 hours a day; for entertainment facilities In places with a higher risk of infection, such as indoor sports facilities, only those who have completed the full course of the new crown vaccine vaccination or those who have a negative nucleic acid test result are allowed to use it. In addition, the upper limit of the number of private parties in South Korea is 10 people; there are no additional conditions or applications for events with no more than 100 people, and there is a limit on the number of people who can complete the entire vaccination process for events with more than 100 people.

On December 13th, we will enter the second stage of "recovering daily life"-"allowing large-scale activities"; on January 24 next year, we will enter the third stage-"removing restrictions on private gatherings". Relevant restrictions on the operation of various facilities, events, and private parties will all be lifted.

Australia: International borders will be opened in November

According to the latest plan announced by the Australian Prime Minister on October 1, once the two doses of the new crown vaccination rate reach 80%, Australian states will be able to reopen to international travelers in November.

At that time, after Australian citizens, permanent residents and their family members are fully vaccinated with the vaccine approved by the Australian Therapeutic Commodities Administration, they only need to undergo a new crown test before the flight and undergo a one-week home quarantine after entry.

Russia will resume international flights with Thailand and other countries from November 9th

The Russian New Crown Pneumonia Virus Epidemic Prevention and Control Headquarters recently announced that Russia will resume international flights with Thailand, the Bahamas, Iran, the Netherlands, Norway, Oman, Slovenia, Tunisia and Sweden from November 9.

Argentina: gradually opening its borders in phases

On October 1, local time, the Argentine government issued a decree stipulating that the border will be gradually opened from today to allow foreign tourists to enter. The opening is divided into two phases: from October 1st to 31st, tourists from neighboring countries are allowed to enter; from November 1st, tourists from other countries are allowed to enter.

According to regulations, all tourists must complete the entire vaccination period for 14 days, hold a certificate of negative nucleic acid test within 72 hours, receive an antigen test upon entry, and receive a nucleic acid test from the 5th to the 7th day after entry. In addition, since 50% of Argentina’s population has completed the full vaccination period for 14 days, inbound tourists are not required to undergo the above-mentioned tests.

Cuba will cancel the mandatory entry quarantine measures on November 7

Starting from November 7, Cuba will cancel the mandatory quarantine policy for international travelers, and there is no need to undergo a nucleic acid test for the new crown virus at the airport when entering the country. Passengers only need to show a health certificate or a certificate of new crown vaccination. If there is no such certificate, a certificate of negative nucleic acid test within 72 hours issued by the country of origin must be presented. Children under the age of 12 do not need to present a vaccination certificate or a negative nucleic acid test certificate when they arrive in ancient times.

Thailand will officially exempt fully vaccinated tourists from quarantine from November 1st

On October 26, the Shanghai Office of the National Tourism Administration of Thailand announced that Thailand officially announced that it will officially open to fully vaccinated international tourists from November 1, 2021, and that entry will be exempted from isolation.

The quarantine-free entry plan is divided into three phases of test execution, namely November 1, November 16, and December 1, 2021. Passengers need to log on to the relevant website to submit entry application materials, and then check the vaccination information, accommodation fees and COVID-19 Nucleic acid testing fee payment certificate, etc., and finally obtain the entry application and the QR code of the Thailand Pass.

Malaysia will launch "Travel Bubble" from November

On October 23, the Minister of Tourism of Malaysia stated that Malaysia plans to open a "travel bubble" with 10 countries starting in November, including some ASEAN member states. According to the plan, foreign tourists can visit Langkawi Island and the area bordering Singapore in the south of Johor. Visitors from certain countries who have completed the new crown vaccination are allowed to be exempted from isolation after landing, but must meet a number of conditions, including polymerase chain reaction (PCR) testing 72 hours before departure and the result is negative.