In the early hours of the 11th, the exchange rate of the Japanese yen against the US dollar in the foreign exchange market in New York dropped sharply due to the possibility of the United States temporarily refraining from interest rate cuts. The rate, which was previously considered the Japanese government's tolerance line at 152 yen to the US dollar, plummeted to 153.168 yen to the US dollar.

English Translation: Latest Global Trade Information

Due to sanctions imposed by the United States and the European Union on Russia, domestic banks and financial institutions in Russia have been affected. Many banks have announced the suspension of their receipt services for transactions involving Russia, including some state-owned banks, joint-stock banks, and third-party cross-border payment platforms.

A profound maxim in the foreign trade industry for 2024: "If you don't go abroad, you'll be left behind," reveals the survival rule amidst intense competition in the international market.

I saw a new customer's inquiry on Friday night and gave them a quote (the customer was 5 hours later than us and had never worked together). I did not receive a response at that time, but today I followed up with the customer and said thank you for your quote. Unfortunately, we reached this deal with another supplier yesterday. Maybe we have the opportunity to collaborate next time. How can I express myself most appropriately in a situation like this?

The customer provided positive feedback on the sample testing, but their response indicated that they currently do not require the product. How should I proceed with the follow-up?

According to data released by the U.S. Department of Commerce, Mexico surpassed China for the first time in 2023, becoming the largest source of imported goods for the United States. This marks the first time in over two decades.

Although New Zealand started later in the field of photovoltaic power generation, its development has been rapid. According to the latest data from the New Zealand Electricity Authority, as of December 2023, the total installed capacity of photovoltaic power generation in New Zealand is 364 megawatts.

South African customer tested the samples and confirmed them as okay. However, the customer states there is no demand for orders, and our prices lack a competitive advantage. How should we proceed with the follow-up?

The goods could only be partially shipped due to the qualification rate issue. Now that the goods are ready, the customer is not in a hurry to take delivery and hasn't made the final payment. What should be done?