Latest news with #GeneralAdministrationOfCustoms
Japan Times
4 days ago
- Business
- Japan Times
China to allow resumption of some seafood imports from Japan
China said it will allow the import of some seafood products from Japan to resume, a partial lifting of the blanket ban imposed following Tokyo's release of wastewater from a wrecked Fukushima No. 1 nuclear power plant in 2023. The decision came after Japan's government promised to ensure the safety and quality of the products exported to China and as independent testing showed no abnormalities, according to a statement from the General Administration of Customs on Sunday. Products from 10 prefectures including Fukushima are still barred, according to the statement.
Bloomberg
4 days ago
- Business
- Bloomberg
China to Allow Resumption of Some Seafood Imports From Japan
China said it will allow the import of some seafood products from Japan to resume, a partial lifting of the blanket ban imposed following Tokyo's release of wastewater from a wrecked nuclear power plant in 2023. The decision came after Japan's government promised to ensure the safety and quality of the products exported to China and as independent testing showed no abnormalities, according to a statement from the General Administration of Customs on Sunday. Products from 10 prefectures including Fukushima are still barred, according to the statement.
South China Morning Post
26-06-2025
- Business
- South China Morning Post
China's durian imports plunge as stricter checks catch out traders
China's imports of fresh durians have fallen this year because of stricter sanitation checks at the border, according to people who follow the trade. The value of fresh durian imports in the first five months of this year fell by 32.5 per cent year on year to US$1.93 billion, according to the General Administration of Customs. By volume, imports were down 32.9 per cent to 390,900 tonnes. Hardest hit was Vietnam, which saw nearly 62 per cent year-on-year declines in both the value and volume of durians shipped to China, customs data shows. Vietnam's shipments totalled US$254 million during the first five months of 2025. Imports from Thailand fell 24 per cent year on year in US dollar terms over the same period to US$1.67 billion, with a slightly smaller decline in volume terms. Thailand retained its title as China's top source of imports, followed by Vietnam and other Southeast Asian countries. Tighter safeguards against pesticides and other sanitation issues have slowed imports, people who follow trade said on Tuesday, adding that exporters might need some time to get used to the new rules. 'Vietnamese growers and traders need to meet the standards,' said Nguyen Thanh Trung, a political scientist at Fulbright University Vietnam. 'This year I think they may be affected a lot, but growers and traders will learn.'
Yahoo
20-06-2025
- Business
- Yahoo
China's rare earth magnet shipments halve in May due to export curbs
By Amy Lv and Ryan Woo BEIJING (Reuters) -China's overseas shipments of rare earth magnets halved in May from April, tumbling to their lowest levels in more than five years due to export curbs. Beijing said this month that it would speed up its approval process, a concession made after the U.S. and China agreed to dial back trade tensions. In the meantime, however, industry sources say Chinese customs officials have become increasingly cautious about processing rare earth cargoes. This is particularly so for rare earth magnets because there is only a single code to cover magnets despite there being a variety of chemistries, said the sources who were not authorised to speak to media and declined to be identified. China, the world's largest rare earth magnet producer accounting for over 90% of global supply, decided in early April to impose restrictions on exports of seven medium-to-heavy rare earth products and some magnets. That's rocked supply chains crucial to auto, aerospace, semiconductor and military equipment sectors around the world. Last month, China shipped out 1,238 metric tons of rare earth permanent magnets, down 52.9% from April and the lowest level for a single month since February 2020, data from the General Administration of Customs showed on Friday. April's shipments had also halved from March. On a year-on-year basis, May shipments were down 74%. Sources have also previously said that customs are holding up some shipments of lower-performance rare earth magnets used in appliances and consumer electronics because of confusion over how to apply Beijing's export curbs. China's commerce ministry said on Thursday that "a certain number" of rare earth export licence applications had been approved but did not disclose details. Chinese rare earth magnet producers JL MAG Rare-Earth and Innuovo Technology announced in recent weeks that they have secured a few export licenses for some clients. Exports of rare earth magnets for January-May slipped 14.5% from the same period last year to 19,132 tons, the lowest for the period since 2021. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
South China Morning Post
09-06-2025
- Business
- South China Morning Post
Ahead of US-China talks, China's rare earth trade data from May shows leverage in action
In a reflection of Beijing's ability to quickly leverage its dominance over the critical-mineral supply chain, the value of rare earth elements exported by China last month plunged by nearly half compared with a year prior. The official data came as analysts have been saying that China's export controls over large quantities of critical minerals are like the ultimate trump card in trade negotiations with the United States. The world's second-largest economy exported rare earth elements worth US$18.7 million last month, marking a yearly drop of 48.3 per cent, according to figures released on Monday by the General Administration of Customs. The data included exports of all kinds of rare earth elements, not just the ones on which Beijing has imposed controls. May's value also represented a 13.7 per cent monthly decline, from US$21.7 million in April. In terms of weight, 5,864.6 tonnes of rare earth elements were shipped from China in May – a year-on-year decline of 5.67 per cent that ended three consecutive months of yearly export growth since February, according to the data, compiled by financial data provider Wind. Still, the cumulative amount of exported rare earths in the first five months stood at 24,827 tonnes, 2.3 per cent higher than the same period last year.
