Hebei Woldi Trading Co.,LTD
Compound Fertilizer, Monoammonium Phosphate, Potassium Chloride, Potassium Fertilizer, Potassium Sulfate
Headlines
The RMB trading share in the Russian foreign exchange market reached a new high in July
The latest report released on the website of the Russian Central Bank on the 8th shows that the structure of the Russian foreign exchange market continues to change, with the share of the Chinese yuan in foreign exchange transactions rising from 39.8% in June to 44% in July, reaching a new high.
TASS reported that according to the financial market risk assessment report released by the Russian Central Bank, the share of major Western currencies such as the US dollar and euro in the Russian foreign exchange market decreased from 58.8% in June to 54.4% in July. In over-the-counter trading, the share of the Chinese yuan increased from 18.4% in June to 19.2% in July.
According to data from the Moscow Stock Exchange, in February this year, the Chinese yuan surpassed the US dollar for the first time, becoming the exchange's largest monthly trading currency. In 2022, foreign currencies such as the US dollar and euro declined in Russia, while the renminbi is becoming one of the most popular foreign currencies in Russia.
Russia
Announcing the extension of EAC Easy Certification Scheme to September 2024
Recently, Russia issued Resolution 1133, extending the implementation date of the EAC simplified certification scheme to September 1, 2024. Before this date, products can be imported into Russia without labeling.
According to the new resolution, applicants for the simplified certification scheme can decide whether to publish relevant certification (EAC DoC) information on the government website. If not disclosed, such products cannot be sold in the market.
In addition, if the information is disclosed, the applicant must complete the relevant certification according to the conventional plan before the expiration of the simplified EAC DoC validity period.
EAC certification is based on the commitment of the Customs Union of Russia, Belarus, and Kazakhstan to develop unified standards and requirements to ensure product safety. It is a proof that the product meets the technical regulations of the Customs Union, also known as the Customs Union CU-TR certification, and is applicable to CIS countries such as Russia.
Britain
Announce indefinite retention of EU "CE" certification
According to a recent report from China News Agency in London, based on industry calls, the UK government will indefinitely retain the use of the EU's product safety symbol "CE". This is seen as the latest concession in a series of reforms and changes after Brexit in the UK.
The British government announced on August 1st that it is committed to reducing the burden on businesses and helping economic growth by "eliminating barriers and red tape", and has announced an indefinite extension of the period for businesses to use the "CE" logo.
Stephen Pherson, CEO of Manufacturing UK, a manufacturing industry organization, stated that the organization has been lobbying the government to retain the "CE" certification, stating that unlimited extension is a "pragmatic and reasonable decision" that manufacturers will greatly welcome and support. He also stated that this move will help protect the competitiveness of manufacturers and help the UK become an investment destination. It will give people more confidence in doing business in the UK
The UK Department of Commerce and Trade stated that the decision to retain the EU product safety label was made after discussions with the industry and described it as a "critical request from businesses", stating that it would help reduce the burden on businesses and promote UK economic growth
Compound Fertilizer, Monoammonium Phosphate, Nitrogen Fertilizer, Phosphate Fertilizer, Potassium Chloride, Potassium Fertilizer, Potassium Sulfate
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