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International trade February 2021 News [Procurement – Logistics – Compliance]

During the month of February, the Covid-19 pandemic is still present all over the world and due to this pandemic, events have occurred that have had on the impact of international trade, the continuous dispatch of vaccines, the crisis for small businesses in the UK and rising prices for exporters.

In addition, during the month of February 2021, there was the Chinese New Year, which as we already know, Chinese companies do not work in this period and the costs for consumers increase but in this month, the impact has been a little different.

Here you can read the news of February 2021 in more detail.

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International trade January 2021 News[Procurement–Logistics–Compliance]
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International trade January 2021 News [Procurement – Logistics – Compliance]

January the first month of the year 2021 was started under the shadow of the pandemic COVID-19 with mixed feelings of hopes and fears at the same time. Hopes were because of the announcements of several promising anti-COVID vaccines during the months of November and December of the year 2020.

On the other hand, fears were because of the new variant of the COVID-19 spreading in the United Kingdom and in France. This new variant is more contagious and more dangerous which makes it more fearful for governments and people.

However, there were also other important and interesting events that happened in this month. In Europe, the EU and UK reached an agreement about the Brexit case and the agreement came into force on Friday.

In America, the most important news was the transition of power from Donald Trump to Joe Biden. He was sworn as the 46th president of the United States on the 20th of January 2021 which was a remarkable event. As a first initiative, the new president brought the United States back to the Paris Climate Agreement after being withdrawn under the administration of Donald Trump.

Besides the political events, there was also important news in the sourcing and logistics fields. Amazon signed a contract of buying 11 aircraft to boost its air freight services and Walmart built an automated picking and packing system which is a revolutionizing event in the logistics field. Meanwhile, ocean frights rates increased as a result of loaded ports around the world.

We discuss all those events and more that occurred during the month of January 2021 with more details in this post.

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THE PROMISING FUTURE OF INTERNATIONAL TRADE [SURVIVAL GUIDE OF INTERNATIONAL TRADE IN SERVICES]
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The promising future of International trade [Survival guide of international trade in services]

With the massive impact from COVID-19, the global commercial paces haven't slowed down for that, instead, it's a vital point to stand still in the international trade environment and cling to the certainty among the endless uncertainty.

On Sep.4th, the Global Trade in Services Summit of the 2020 China International Fair for Trade in Services(CIFTIS) has been opened under the world's attention. "I hope this will be an opportunity to build a platform and a bridge so that people from all countries can fully demonstrate new developments and breakthroughs in the field of trade in services and jointly enjoy new technologies and achievements in the development and progress of human society." Chairman Xi Jinping said of the significance of holding the CIFTIS.

Undoubtfully, this summit has encouraged and inspired countries that still suffer the strike from the pandemic to focus on the rebuilding of commerce and international relations. What exactly the significance this summit would bring? What does it mean to you and every single practitioner in international trade?

Well, we've summarized and organized the main facts from the keywords from international trade in services,

follow us to find out more!

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