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Ban social media commodity trading! Indonesia may introduce new trade regulations

souhangwang https://www.sofreight.com/school/souhang_information_article?id=65230 2023-11-17 18:02:55

Ban social media commodity trading! Indonesia may introduce new trade regulations


 

NO.1 Indonesia plans to ban commodity trading on social media

Indonesia’s Deputy Minister of Trade stated at a congressional hearing on September 12 that Indonesia is planning to ban commodity trading on social media under new trade regulations.

Ministers have repeatedly said that trading goods on social media platforms is helping the offline market. Indonesia's current trade regulations do not clearly cover direct transactions on social media.

NO.2 Brazil: In the first eight months of this year, bilateral trade volume between Brazil and China exceeded US$100 billion.

On September 12, local time, Brazilian media reported that the total bilateral trade between China and Brazil exceeded 100 billion US dollars from January to August this year, citing the latest data released by the Foreign Trade Department of the Ministry of Development, Industry, Commerce and Services.

Data show that from January to August this year, the total bilateral trade between China and Pakistan reached US$102.618 billion (approximately RMB 748.149 billion), setting a record for the same period since relevant statistics were available in 1997.

Among them, Brazil’s total exports to China were US$67.883 billion (approximately RMB 494.910 billion), a year-on-year increase of 6%: Brazil’s total imports from China were US$34.735 billion (approximately RMB 253.240 billion), a year-on-year decrease of 12.6%

NO.3 TikTok officially launches e-commerce services in the United States

According to news on September 12, TikTok announced the full launch of TikTok Mall in the United States. It is reported that TikTok e-commerce has been tested among American TikTok users for several months.
With this official launch, in addition to short videos and live shopping, TikTok e-commerce has also launched a series of services for merchants and creators, including product display pages, malls, and an "affiliate program" that connects merchants and creators.

At the same time, TikTok e-commerce has also launched the "TikTok Performance Plan" to help merchants store, select, package and deliver goods, as well as a secure payment system developed in cooperation with third parties.

NO.4 Amazon launches full hosting model

On September 12, Amazon announced the launch of an end-to-end, fully automated supply chain service for third-party sellers to help sellers ship products directly from manufacturers to customers.

The new service, called Supply Chain by Amazon, allows sellers to benefit from Amazon’s logistics, warehousing, distribution, fulfillment and shipping capabilities, pulling inventory from manufacturing facilities around the world, shipping products across borders, Easily handle customs clearance, manage restocking on Amazon and other sales channels, and deliver products directly to customers.

According to Dharmesh Mehta, Amazon’s vice president of global sales partner services, with this new service, Amazon will pick up goods directly from sellers’ factories and deliver them to customers’ doorsteps.