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Cambodia’s vehicle import is experiencing a significant shift in 2024, with import values declining in the first four months compared to the same period last year. This trend comes amidst the recent launch of several automobile assembly plants in the country.

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 The new E-Vehicle Policy in India allows foreign vehicle manufacturers to import electric vehicles (EVs) at lower customs duty if they commit to setting up a manufacturing facility in India within three years. Additional stipulations include achieving a localisation level of 50% by the fifth year, an investment commitment of $500 million, and showing localisation levels of 25% within three years and 50% within five years to import vehicles with a CIF value of $35,000 and above at a concessional customs duty rate of 15% for five years. The annual imports of EVs under this policy are capped at 8000 units. The policy aims to promote India as a manufacturing destination for EVs, provide access to new technology for Indian consumers, boost the Make-in-India initiative, strengthen the EV ecosystem, and reduce import dependence. This policy has garnered mixed reactions. It has raised concerns among local EV manufacturers about allowing cheaper imports, while potential foreign entrants like Tesla and VINFAST may benefit from lowered import duties initially. It is seen as a potentially positive move for promoting investments in the EV space and the auto component industry while providing customers with a wider range of EV models. The policy sets a cap on the total number of vehicles that can be imported annually, providing a balance between promoting local manufacturing and allowing imports. The focus on localisation and investment commitments aims to develop the local EV component ecosystem and enhance economies of scale. Trade data for February 2024 shows a widening trade deficit for India, with merchandise imports rising by 12.2% year-on-year to $60.11 billion and exports increasing by 11.9% to $41.4 billion. This widening trade deficit could impact India's current account deficit and the performance of the Rupee in the Asian currency market. https://lnkd.in/gYui7SFf Follow Humans Of EV #ElectricMobility #EVCharging #Innovation #humansofev #tesla #vinfas #electric #electricvehicles #electricscooter #electriccars #electricbike #ebike #zeroemissions #emobility #charginginfrastructure #escooters #cars #electricmobility #teslamotors #car #scooter #gogreen #carsofinstagram #model #ecofriendly #goelectric #evnews #electriccharging #evcharginginfrastructure #chargingstation

Breaking Barriers: Fujikura Automotive Ukraine First company in Ukrainian Automotive Industry attains AEO Status.  🚗 ✨ Fujikura Automotive Ukraine has emerged as the trailblazer by achieving Authorized Economic Operator (AEO) status. This esteemed recognition not only sets a new standard for excellence but also highlights the company's commitment to secure and efficient trade practices. The coveted AEO status, granted by customs authorities, designates Fujikura Automotive Ukraine as a trusted and secure partner in international trade. This achievement is a testament to the company's adherence to stringent security standards and compliance with customs regulations. 🌎 Global Recognition for Local Excellence. Fujikura Automotive Ukraine's attainment of AEO status places it on a global stage, showcasing the company's dedication to fostering secure supply chains and promoting the highest standards of professionalism. This recognition is not only a local triumph but also a testament to the company's commitment to global trade integrity. 🛣️ Paving the Way to Industry Innovation. By embracing and excelling in international trade standards, the company is fostering an environment of innovation and pushing the boundaries of what is possible in the automotive landscape. 🔐 AEO Status and Supply Chain Resilience. With AEO status, Fujikura Automotive Ukraine fortifies its position in the market as a reliable and secure link in the global supply chain. This recognition not only streamlines customs procedures but also contributes to enhanced efficiency, reduced lead times, and increased competitiveness. 🤝 Collaborative Success. The journey to AEO status was not undertaken in isolation. Fujikura Automotive Ukraine acknowledges the support of its partners, stakeholders and dedicated team members whose collective efforts made this achievement possible. This collaborative success underscores the importance of unity in driving industry advancements. 🔗 Future Possibilities. As Fujikura Automotive Ukraine celebrates this historic achievement, the company is poised for a future filled with possibilities. AEO status opens doors to new collaborations, expanded global reach, and opportunities #BreakingBarriers #FujikuraAutomotive #AEOStatus #GlobalRecognition #SupplyChainResilience #IndustryInnovation #TradeExcellence #CollaborativeSuccess #GlobalTrade #AutomotiveInnovation

Swords Logistics, has received the prestigious Authorized Economic Operator (AEO-LO) Certification by the Indian Customs authorities. This is the accreditation granted to Logistics Operator in India and recognizes organizations that follow international standards in customs/Logistics related operations and procedures. It is a proud moment for Swords Logistics to be part of AEO-LO certification. The certification will help us in further enhancing efficiencies in supply-chain for import/Export of our products. AEO is an international scheme formulated by World Customs Organization (WCO) and adopted by Indian Customs. An organization holding an AEO certificate is deemed to be extremely reliable and safe for carrying out export / import activities in the country in compliance with WCO SAFE Framework Standards. #AEO #AuthorizedEconomicOperator #certification #clearance #shipment #shipping #customs #logistics #cargo #freight #export #freightforwarding #supplychain #freightforwarder #internationalshipping #exporting #exportimport #importexport #customsclearance #roadfreight #warehouse #logisticscompany

🛃 Streamline Your Customs Clearance Process with Astra Global Logistics! Navigating the complexities of customs clearance can be daunting and time-consuming, especially when importing goods from South America to the UK. At Astra Global Logistics, our experienced team ensures hassle-free entry for your goods into the UK, allowing you to focus on your core business operations. Why Choose AGL for Your Customs Clearance Needs? Expert Knowledge: Our team is well-versed in the latest customs regulations and procedures, ensuring compliance and minimizing the risk of delays or fines. Time Efficiency: Handling customs clearance in-house can lead to significant delays. Our experts streamline the process, reducing wait times and accelerating your supply chain. Cost Savings: Avoid costly mistakes and unexpected fees by relying on our professional services. We help you navigate tariffs, duties, and paperwork efficiently. Tailored Solutions: We provide personalized services that cater to the specific needs of your business, ensuring a smooth and efficient clearance process for all types of goods. Peace of Mind: With AGL, you can rest assured that your shipments are in capable hands, allowing you to focus on growing your business rather than dealing with bureaucratic hurdles. Say goodbye to delays and hello to efficiency. Partner with Astra Global Logistics for all your customs clearance needs and experience the AGL advantage today! 📧 [email protected] 🌍 | Astral Global Logistics | People, Partnership, Performance | 🌍 #CustomsClearance #AGLAdvantage

Are customs delays hindering your business growth? Aabiport, your trusted freight forwarding partner, offers expert guidance to streamline your import and export process through Indian Customs. Key Strategies for Efficient Customs Clearance: Accurate Valuations: Base declarations on real selling prices to avoid delays and penalties. Comprehensive Documentation: Ensure all customs forms are complete and accurate, with supporting documents readily available. Expert Partnership: Leverage Aabiport's expertise in Indian customs regulations to navigate complex procedures. Why Choose Aabiport for Indian Customs Clearance: Deep Regulatory Knowledge: Our team stays current with ever-changing customs regulations. Efficient Processing: We handle all formalities, minimizing disruptions to your supply chain. Cost Optimization: Avoid penalties and optimize landed costs with our expert guidance. Focus on Core Business: Let us manage customs complexities while you drive your business forward. Ready to simplify your Indian customs experience? Contact Aabiport today at [email protected] to learn how we can expedite your shipments and boost your bottom line. #customsclearance #airfreight #seafreight #Aabiport

#thessaloniki #chamberofcommerce& industry . #tcci #exportstips for a success #expansion in #usa & #eu Here are the general steps to do exports: Conduct market research: Research the potential markets for your products and identify the demand, competition, and regulations in those markets. Obtain necessary licenses and permits: Depending on the products you are exporting and the countries you are exporting to, you may need to obtain certain licenses and permits. Establish a distribution network: Find reliable distributors or partners in the target markets to help you sell and distribute your products. Determine pricing and terms: Decide on pricing strategies, payment terms, and shipping terms to ensure smooth transactions with buyers. Arrange shipping and logistics: Coordinate with freight forwarders, carriers, and customs brokers to arrange for the transportation and delivery of your products. Prepare documentation: Prepare all necessary export documents, including commercial invoices, packing lists, certificates of origin, and export licenses. Ensure compliance: Ensure compliance with export regulations, trade agreements, and customs requirements in both the exporting and importing countries. Manage payments: Establish secure payment methods and manage currency exchange rates to minimize financial risks. Handle customs clearance: Coordinate with customs authorities to ensure smooth clearance of your products at the border. Provide after-sales support: Offer customer support, warranties, and service agreements to maintain positive relationships with buyers and encourage repeat business. #exportstips #exportsexpert #expansion #consulting #exports #lecture

Although importing cars from Japan can bring numerous benefits for importers, it can be challenging initially. Importers must follow many laws and regulations, and failure to do so can result in monetary loss. In particular cases, it may also result in shipment loss. Despite this, shippers consider Japan one of the biggest importers of cars internationally. In 2023, the Japan Automobile Manufacturers Association (JAMA) reported nearly 4.42 million vehicle exports from the country. In the same year, Japan brought over 1.2 million into the U.S. This article will introduce how to start the importation process. What To Know Before Importing - https://lnkd.in/eTCfmyd2 - #importing #cars #japan #jama #roro #freight #regulations #cbp #internationalshipping #logistics

🚚Enhancing International Logistics Efficiency with AO Shipping's Transportation Services between India and Vietnam 🌐 With the thriving trade between India and Vietnam, efficient logistics is essential to ensure timely delivery. Collaboration with reliable logistics partners is crucial to meet growing business demands Cost Efficiency through Large Volume 📦💲 AO Shipping has leveraged its advantage of handling large volumes, enabling them to negotiate competitive shipping rates from major carriers. This not only helps in reducing transportation costs but also provides significant economic benefits for import and export businesses in both countries. 💼🌐 Strong Agent Network in India 🌏🤝 A crucial aspect of providing reliable logistics services is having a robust agent network at key locations. AO Shipping has established a powerful agent network in India, allowing them to capture information and address issues at the origin of the goods. This minimizes time and risks during the transportation process. 🚛📍 Optimizing Cargo Handling and Minimizing Risks 📦🛡️ AO Shipping's capability in handling cargo goes beyond transportation; it includes packaging, warehousing, and even addressing complex customs procedures. Thanks to their experience and high level of expertise, they assist businesses in minimizing risks and ensuring the safety of goods from the point of origin to the destination. 🌍✈️ Customer Support and Real Value Creation 🤝💼 AO Shipping is not just a transportation service provider but a strategic partner. They continuously strive to provide optimal solutions for customers, from offering reasonable pricing to optimizing the transportation process. This has created a positive and long-lasting collaborative environment. 🌐🚢 #AOShipping #LogisticsExcellence #ValueCreation 🚀