China imported 2.5m tonnes of barley from Australia last financial year, which is down from a peak of 5.9m tonnes in 2016-17, but still very significant. Industry data show China made up more than half of Australian barley exports in 2018-19. The next biggest export market was Japan, with 746,000 tonnes, while other (much smaller) destinations were Vietnam, Thailand, South Korea and the Philippines. … [Read more...] about Why has China slapped tariffs on Australian barley and what can Australia do about it?
Vietnam airlines australia to vietnam
Tel Aviv (VNA) - Vietnam recorded a trade deficit of 101.4 million USD with Israel in the first five months of this year due to declines in the export of key commodities and the resumed import of items of high value. According to Vietnamese Trade Counsellor in Israel Le Thai Hoa, bilateral trade stood at 649.4 million USD during the five-month period. Vietnam’s exports were down 17.9 percent year-on-year while its imports surged 419.3 percent. He attributed the import growth primarily to Vietnam resuming its import of commodities from Israel with high value, like computers, electronic products, and components. Apart from textiles, garments, and coffee products, which saw shipments grow, most of Vietnam’s key exports to Israel were lower year-on-year, including aquatic products, footwear, cashew nuts, and mobile phones. Such a situation has become common in many countries around the world, Hoa explained, as a result of the COVID-19 pandemic. Of note, tuna exports to … [Read more...] about Vietnam posts five-month trade deficit with Israel
The article cited JP Morgan bank’s forecast as saying that the Vietnamese economy is expected to grow by nearly 3.2 percent this year before reaching 7.1 percent next year. It is similar to the International Monetary Fund (IMF)’s prediction for around 7 percent growth in 2021. … [Read more...] about German paper lauds Vietnam’s economic prospects
Pakistan grounded the pilots on June 26 on suspicion that they allegedly falsified their examinations to qualify for flying aircraft. The move followed a preliminary report on an airliner crash in Karachi in May that found the pilots had failed to follow standard procedures and disregarded alarms. … [Read more...] about UAE seeks to verify credentials of Pakistani pilots in its airlines
Other experts said there should be severe sanctions for transfer pricing in Viet Nam, taking examples from other countries such as Australia where the fine for the transfer pricing was 50 per cent of the avoided tax amount or in India where the local tax authorities may impose penalties of up to 300 per cent of the difference in the tax wrongly calculated by the companies. … [Read more...] about Guiding decrees needed to fight with transfer pricing in Vietnam