{"id":21723,"date":"2024-01-08T15:44:02","date_gmt":"2024-01-08T07:44:02","guid":{"rendered":"https:\/\/newsbites.hktdc.com\/?p=21723"},"modified":"2024-01-08T16:43:02","modified_gmt":"2024-01-08T08:43:02","slug":"dec-recap","status":"publish","type":"post","link":"https:\/\/newsbites.hktdc.com\/markets\/dec-recap\/","title":{"rendered":"December Trade: Major Events Recap"},"content":{"rendered":"\t\t
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Global trade market is ever-changing with new challenges and opportunities. To facilitate your business planning, we have summarised key happenings last month for easy reading:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Amazon Significantly Reduced Commission Rates for Cheap Clothing Sellers<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Amazon announced<\/a> on December 5 2023 that starting from January this year, the commission rate for clothing products priced below US$15 will be reduced to 5%; for products priced between US$15-20, the rate will be reduced to 10%. Previously, the commission rate for these two categories of products was 17%.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Good news to clothing merchants who sell on Amazon online!<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Brazil Officially Took Over As the Rotating Presidency of G20<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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On December 1, Brazil officially assumed the rotating presidency of the G20<\/a>. The Brazilian government said it would focus on 3 core themes during its 1-year term: the fight against hunger, poverty and inequality; sustainable development, and reform of global governance. The G20 financial track comprises 8 working groups, and it will also set up a global anti-hunger and poverty alliance working group, a global mobilization response to climate change working group and an ecological economy initiative.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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UK Became the Second Economy to Implement \"Carbon Tax\"<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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The European Parliament and the European Union Council passed the “Regulation 2023\/956 on the Establishment of Carbon Border Adjustment Mechanism” in May 2023, establishing the CBAM mechanism in law. On December 18, the British government officially announced<\/a> that it would implement the UK’s Carbon Border Adjustment Mechanism from 2027, and the initial covered product categories include aluminum, cement, ceramics, fertilizers, glass, hydrogen, and iron and steel.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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The CBAM to be implemented in the UK literally means a \"Carbon Tax\".<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Keep yourself abreast of the latest international trade news by staying tuned to our regular NewsBites blogposts, which will provide you with sourcing updates and expert insights!<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Seize every opportunity to meet with global suppliers and buyers on our\u00a0e-Marketplace<\/a>\u00a0and ride on the advantage of promoted international trade by clicking below banner:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Reach out for marketing your own products too:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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\n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Global trade market is ever-changing with new challenges and opportunities. To facilitate your business planning, we have summarised key happenings last month for easy reading: … <\/p>\n","protected":false},"author":28,"featured_media":21724,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,362],"tags":[],"class_list":["post-21723","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","category-sourcing-trade"],"yoast_head":"\nDecember Trade: Major Events Recap - HKTDC Newsbites<\/title>\n<meta name=\"description\" content=\"Global trade market is ever-changing with new challenges and opportunities. 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