China, Mongolia and Russia are building the China-Mongolia-Russia Economic Corridor in a bid to strengthen existing tripartite trade and investment and turn the region into an integral part of the Belt and Road Initiative. Inner Mongolia, a border province in northern China, serves as a logistics centre and trade hub between China and its northern neighbours and plays an important role in China’s external-oriented economic development. More
The fragmented and out-of-date information and communications technology used in the logistics industry, and efforts to rectify it, are common themes at industry forums, such as the Asian Logistics and Maritime Conference.
BIS recently imposed a record US$17 million penalty to the former owner and CEO of a company that provided foreign customers with a U.S. address that they used to acquire U.S.-origin items for export without alerting U.S. merchants of the items’ intended destinations. More
The U.S. Department of the Treasury’s Office of Foreign Assets Control, together with the U.S. Department of State and the U.S. Coast Guard, have issued an advisory to alert persons globally to the significant U.S. sanctions risks for parties involved in petroleum shipments to Syria. More