New Foreign Trade Regulations

EU: New battery law officially comes into effect
On August 17, the "EU Batteries and Waste Battery Regulations" (hereinafter referred to as the "New Battery Law") officially came into effect. This means that Chinese power battery manufacturers will seek more standardized battery production that is more in line with EU standards, and further incorporate safety, sustainability, traceability, etc. into key factors of production.

Brazil: Compliance program officially comes into effect
Recently, the Brazilian compliance plan (Remessa Conforme) officially came into effect.
Specifically, it will mainly have two impacts on the operations of cross-border sellers: On the bright side, if the platform the seller chooses to join the compliance program, the seller can enjoy tariff-free benefits for cross-border packages under $50. Enjoy more convenient customs clearance services and provide buyers with a better delivery experience.
On the bad side, although imported goods below $50 are exempt from tariffs, sellers need to pay a 17% ICMS tax (goods and services circulation tax) according to Brazilian regulations, which increases operating costs. For imported goods above US$50, sellers must pay 17% ICMS tax in addition to 60% customs duty.

Russia: Simplifying cargo transit procedures for importers
According to the Russian Satellite News Agency, Russian Prime Minister Mikhail Mishustin said when meeting with the Deputy Prime Minister on July 31 that the Russian government has simplified the cargo transit procedures for importers and they will not need to provide guarantees for the payment of customs fees and duties. .