For Customs purposes, when importing cargo into Australia, the Valuation Date for applying the rate of exchange on the import entry has long been subject to finding out the date at the place of export. Where goods are packed in a container, the day of exportation is the day the container leaves the place where […]
The rise of the Age of technology has grown hand-in-hand with the rise of China’s economy. Like the rest of the Western world, Australia has become reliant on China’s place in the global supply chain. Not just imports of completed products, but components that go into mobile phones, television sets and motor vehicles, can bring […]
The Peru-Australia Free Trade Agreement (PAFTA) entered into force on 11 February 2020. This agreement provides Australian businesses a gateway to Latin America, strengthening our economic relationships within the region and helping facilitate value chains between the Americas and Asia. Peru has been one of the fastest growing economies in Latin America over the last […]
The spread of the Novel Coronavirus (2019-nCoV) has impacted international trade and shipping activities, with authorities taking precautionary measures in many countries, including Australia. China’s isolation amid the coronavirus outbreak, a rare freeze-out for such a vital economic centre, is rippling around the world. Uncertainty over the virus has disrupted global trade and supply chains, […]
The Department of Agriculture (DoA) has issued Industry Advice Notice no. 12-2020: “Suspension of uncertified Sea freight container inspection stands and interim inspection arrangements.†Shippers, vessel agents, importers and brokers are encouraged to check that stevedores, wharves and Biosecurity industry participants have a current certified sea freight container inspection stand prior to booking discharge of […]
Hong Kong is a major port for the transhipment of cargo, and often goods imported into Australia originate from other countries, so there are rules covering what can and cannot be considered as originating in Hong Kong. Under the A-HKFTA, Rules of Origin are referred to as ‘ROO’, and are essential for determining whether imported […]
The Australian Border Force (ABF) has issued Australian Customs Notice No. 2020/02, re: Free Trade Agreement between Australia and Hong Kong, China – Entry into Force The Free Trade Agreement between Australia and Hong Kong, China (A-HKFTA) entered into force on 17 January 2020, making it easier to do business with Hong Kong, a significant […]
The hard deadline for the 01 January 2020 switch to maximum 0.5% low-sulphur fuel for shipping has come into effect, although some shipowners and operators within the Red Sea reported that they still do not have access to or supplies of very low sulphur fuel oil (VLSFO) to comply with the rule, which does not […]
The 2020 Australia–China Agricultural Cooperation Agreement (ACACA) grant opportunity is open from 3 January to 12 February 2020.  The ACACA is a treaty-level agreement between the Australian and Chinese governments. It was signed in 1984 to enhance cooperation across agricultural industries, develop the trading relationship, and to provide a forum for the mutual exchange […]
A Queensland solar wholesale business has been ordered to pay more than $1 million in recovered Duty and Goods and Services Tax (GST) following an investigation by the Australian Border Force (ABF) into the importation of Chinese aluminium rails used to mount solar panels. The investigation by the ABF Compliance Audits Unit focused on a […]
