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According to trade statistics released by the Ministry of Finance on July 20, 2023, the Japanese trade deficit reached 6.96 trillion yen in the first half of this year, but the trade surplus reached 43 billion yen in June, the first trade surplus since July 2021.

The Indian government recently announced a ban on the export of rice, with the exception of Indian champagne, to ensure domestic rice supply and mitigate rising prices.India is the world’s largest rice exporter, and the ban would reduce its rice exports by about half, raising concerns that global food prices could rise further.

This article details the definition and classification of air conditioning products, explains the customs requirements for export air conditioning, explores the access and standard requirements for air conditioning in Europe and the UK, and compares the regulatory requirements for air conditioning at home and abroad. At the same time, this article reminds companies to pay attention to the technical and environmental requirements of the EU and the UK.

UPS unions are struggling to raise part-time wages and have called on workers to prepare for the strike. If no agreement can be reached before the contract expires on July 31, the strike will begin on August 1. It is estimated that economic losses could reach $7 billion if the strike lasts for ten days, which would be one of the most costly strikes in a century.

At the recent Ministerial Meeting of Members of the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), the UK was officially approved to join the CPTPP, becoming the first new country to join since the agreement was established in 2018. This is also the largest trade agreement the UK has reached since Brexit. Britain’s accession will increase CPTPP membership to 12 countries, covering more than 500 million people, accounting for one of the world’s largest economies.

Since this year, China’s policy and philosophy on the Middle East issue has gained widespread recognition by the countries in the region, driving the Middle East’s “reconciliation tide”. China’s strategic mutual trust with the countries of the Middle East continues to deepen, and economic and trade relations are also becoming closer. Experts pointed out that with China’s Middle East diplomacy entering a new era, it is expected to bring trillion-dollar investment opportunities to China. Saudi Aramco agreed at a price of $3.6 billion.