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Vietnam import duties reduced thanks to free trade agreement

Eliminating 99% of import and export duties within 7 years – that’s the objective of the free trade agreement between the EU and Vietnam. This ambitious trade agreement will come into force on 1 August 2020. If you regularly import goods from Vietnam, it is likely that you will be eligible for a rate reduction or zero rate on your import duties from as early as next month.

 

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Air freight sector is cautiously recovering from the corona crisis

Over the past months, the airspace was almost exclusively used to transport medical aids. Luckily, this is changing. Because many European countries eased the corona measures over the past weeks, air traffic is increasing. Demand is rising, and more capacity is becoming available for consumer goods. This means that the sky-high air freight rates are finally starting to decrease.

 

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European driving bans for freight traffic summer 2020

In the Netherlands, the beginning and end of the summer holidays are spread over several weeks. In other European countries, this is not the case. Here, everyone starts their vacation at the same time. In order to take some strain off the mass vacation traffic, July and August are often subject to additional driving bans for freight traffic. This year, these have been suspended in several countries as a result of the corona crisis. When and where do driving bans still apply, and what should you take into account in your planning for European road transport?

 

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Current situation in the container shipping industry

As an addition to the article we published in April, we would like to inform you about the current situation in the container shipping industry.  It is an open secret that supply and demand have been unbalanced since the outbreak of the corona crisis. Currently, a large part of the total container fleet is out of action, and more challenges are presenting themselves. The integration of scrubbers and the arrival of various countries of origin that are coming out of lockdown is resulting in extra workload. With peak season on the horizon and the persistent shipping capacity shortages, booking your cargo early has become even more important.

 

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Customs import checks: how does it work?

Ritra Cargo’s customs declarations department drafts thousands of import declarations every year. Some of the corresponding consignments are selected for a customs check, causing delays to these shipments. Unfortunately, it is impossible to predict which consignments are selected. How does the customs selection procedure work, and what can you do to minimise delays?

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