Foreign Trade Updates
On March 7th, the Guangdong Hong Kong Macao Logistics Park in Zhuhai was busy sorting over 20,000 e-commerce export boxes. Since its 2024 opening, it has exported 25.864 million e-commerce products worth 3.45 billion yuan in two years. As a Greater Bay Area project, it has location/policy advantages, with customs creating a clearance "fast lane" to boost efficiency, and expects further expansion this year.
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On March 7, Ningbo Customs' bonded zone issued the first China-ASEAN FTA mobile certificate to Ningbo Zhejin Steel, saving over $200k in tariffs and enhancing its ASEAN market competitiveness. Ningbo Customs will optimize origin visa services to help more foreign trade enterprises reduce costs and expand markets.
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In 2026, Pu'er City's spring tea grows well with over 10 tons of overseas orders. Kunming Customs sets up green channel and one-to-one service to speed up clearance. In first two months, Pu'er tea exports hit 1.6 tons (3.932 million yuan), up 3.3x and 1.4x year-on-year respectively.
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Customs statistics show China's goods trade import/export value reached 7.73 trillion yuan (18.3% YoY growth) in Jan-Feb 2026, covering trade methods, partners (ASEAN, EU, US, Belt and Road), entities and key commodities.
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Tata Steel implements differentiated low-carbon strategies in EU and India: EU uses EAF (subsidized at Talbot Port) amid strict regs; India focuses on gradual reduction (DRI, scrap supply chain). Regional paths differ, requiring local support; EU prioritizes rapid change, India sustainable growth.
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Turkiye Iron and Steel Export Association President Adnan Aslan says the country's steel industry needs to adjust growth strategy, shifting to regional markets and transforming to high-value-added products. 2025 exports hit 19.43 million tons ($16.5b), 2026 target is 20 million tons ($17b). EU carbon border mechanism affects European market, recovery expected March-April.
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ArcelorMittal (Anmi) signed a revised Mineral Development Agreement with Liberia, extending validity to 2050 (renewable 25 years). It includes a $1.8B expansion (total $3.5B investment), upgrading iron ore production to 20M tons by 2026, multi-user railway corridor, and $200M payment to Liberia.
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Jingye Group’s First Steelmaking Division successfully produced 750L-H-DZ1 high-strength automotive beam steel, marking a breakthrough in high-end automotive steel. It features high strength/toughness, excellent formability/weldability, reducing vehicle weight and meeting industry trends. The process uses precise control, enriching the group’s high-end product matrix and boosting competitiveness.
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Jiugang Hongxing Hongbo New Materials completed "whole tower" batch delivery of high-end wind power steel in 14 days, solving customer needs, setting the shortest delivery record for multi-spec production, and demonstrating its strength in high-end wind power materials.
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The public bonded warehouse of Baoqing County Modern Cold Chain Logistics Park in Shuangyashan opened, receiving first batch of imported frozen goods. It's Shuangyashan's first such warehouse, Heilongjiang's eastern largest cold chain base, aiding Sino-Russia trade with bonded services, supported by Raohe Customs.
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Beijing's century-old brand Zhang Yiyuan Jasmine Tea made its first global debut as an independent brand, with over 4500 pounds worth over $100k delivered to Canada. Supported by Beijing Customs (advanced services, green channel), it's a national intangible cultural heritage bringing Eastern charm to international consumers.
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Yinchuan Customs Technical Center added 6 CNAS-approved plant quarantine testing projects to support Ningxia seed exports. It has 160 CNAS-recognized projects with global mutual recognition, passed Australia's 2025 authorization, and will offer efficient testing services for seed export enterprises.
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