July 7 Trade Risk Alert

Brazil's Colombian airline filed for bankruptcy in court.7Month 6On the same day, Brazil's Colombian Airlines filed for bankruptcy with a local court in Brazil, asking the court to change the company's current judicial reorganization to bankruptcy. In December 2018, Brazil Columbia Airlines filed for bankruptcy protection in the district court of Sao Paulo, Brazil, where its headquarters is located, due to its inability to repay 0.494 billion reais (about 0.65 billion yuan) of debt. Subsequent asset liquidation showed that the company owed a total of 2.7 billion reais (about 3.6 billion yuan). The court ruled at the time that the Brazilian Colombian company underwent a judicial restructuring, requiring the company to present a possible repayment plan to creditors within 180 days. In April 2019, Columbia Airlines was sued for defaulting on its aircraft leasing company fees, and the aircraft leasing company subsequently repossessed all aircraft leased to the company. In May, Brazil's National Civil Aviation Authority canceled all routes of Brazil's Colombian Airlines on the grounds of flight safety hazards. At this point, Brazilian Colombian Airlines has no aircraft and routes to fly. (CCTV news client)

Britain to Sanctions on Russia, North Korea and Other 49Family of individuals and groups.7Month 6British Foreign Secretary Dominique•Raab announced that it would take a total of people from Russia, Saudi Arabia, North Korea and Myanmar.49New sanctions have been announced for individuals and groups suspected of human rights violations in recent years, and the assets of those subject to sanctions in the UK will be frozen. (Phoenix Network)

Unemployment continues to rise in Sweden.Sweden's Gothenburg Post 6According to the latest data released by the Swedish Employment Service, 465,051 people were registered as unemployed as of last week, with an unemployment rate of 9%. Labor market analyst Sandra Offesson said the number of people out of work is expected to continue rising to 600000 by early 2021. (Ministry of Commerce website)

Spain ended the "closed city" employment recovery is weak.Spain 6The state of emergency, which lasted for more than three months, ended in late January. The latest data released by the government on the 2nd showed that after the end of the "city closure", Spain did not usher in the expected surge in employment, the peak of the epidemic during the loss of nearly 900000 jobs have not yet recovered, tourism has not returned to normal. (Xinhua)

The Eurasian Economic Union lifted the temporary export ban on some agricultural products.ITAR-Tass 7It was reported on June 1 that from June 30, the Eurasian Economic Union officially lifted the temporary export ban on onions, garlic, turnips, rye, rice, buckwheat, millet, grains, coarse flour and brown rice. It is reported that the above ban has been implemented since April 12. (Ministry of Commerce website)

Pakistan 2020Fiscal year inflation was 10.74 percent.Pakistan Forum Express 7Pakistan's inflation rate rose to 10.74 per cent in fiscal year 2020, higher than the government's target of 8.5 per cent, the second year in a row that Pakistan has failed to achieve its inflation control target, according to a report released by Pakistan's Bureau of Statistics (PBS) on Wednesday. Although the epidemic has reduced market demand, inflation has not fallen as a result. Higher food prices are the main cause of the high inflation rate, with wheat prices rising by an average of 17.7 per cent in fiscal year 2020, flour prices by an average of 15 per cent, sugar by 29 per cent, vegetables by 27 per cent and pulses by 66 per cent. Inflation rose to 10.2 per cent in urban areas and to 11.6 per cent in rural areas. (Ministry of Commerce website)

Japanese companies whose trade restrictions hit the South Korea a year ago saw their operating profits plummet.Yonhap 7It was reported on June 6 that only in the past year since Japan restricted the export of semiconductor materials, the operating profits of major Japanese companies entering the South Korea have plummeted. The South Korea national boycott of Japanese goods has had a direct impact on Japan's food, auto parts, daily necessities and other industries. (Yonhap)

South Korea's international route passengers in the second quarter were only 2% of last year's.Busan Daily 7The South Korea Airlines Association said on the 5th that the number of passengers on international and domestic routes of South Korea's nine international airlines in the second quarter was 5.5746 million, down 76.4 percent from 23.6559 million in the same period last year. The number of international flights was 328300, down 97.8 per cent from last year's 15.2174 million. Korean Air reduced from 5.04 million to 190000 and Asiana Airlines from 3.49 million to 120000. In addition to charter flights, Jeju Airlines, the only low-cost airline (LCC) to operate scheduled flights, has been reduced from 2.01 million to 13127. (Busan Daily)

In the first quarter of the Iraqi calendar, the category of prohibited importers increased by 67% year-on-year..Iran Tehran Times 7Reported on the 5th. Jabani, acting minister of Iran's Ministry of Industry, Mining and Trade, said that in the first quarter of the Iranian calendar (March 20 to June 20),2500 kinds of goods were banned from import, compared with 1500 kinds in the same period last year (up 67% year-on-year). Jabani pointed out that 85% of the categories of goods currently allowed to be imported are raw materials and the remaining 15% are consumer goods. Iran has been committed to promoting domestic production and restricting imports to promote economic self-sufficiency and resilience. The country's production enterprises need 700 trillion riyals (about US $16 billion) of investment to achieve the "production surge" that the supreme leader hopes ". Funding will be provided through banks, stock exchanges, national development funds and investment funds, and growth in Iran's industrial sector is expected to turn positive by March 2021. (Ministry of Commerce)

Oil market news.Saudi Aramco will be 8The official price of oil for U.S. customers was raised by 0.2 to $0.4/bbl in January, and the official price of light crude oil for U.S. customers was raised by $1.65/bbl. (Finance 18)

New Zealand Government Procurement Regulation update.New Zealand government procurement scale of about 410 per yearS $100 million, accounting for about 18% of GDP. Guided by the problems existing in the country's government procurement practice, the New Zealand government is constantly seeking reform breakthroughs, revising government procurement regulations from time to time, optimizing the quality and efficiency of the supply of public goods and services, and improving the happiness index of citizens. At present, the New Zealand Government Procurement Regulations have been updated to the fourth edition (hereinafter referred to as the "Regulations"). The revision of the Regulations focuses on four aspects: First, the transformation of value evaluation methods. When evaluating government procurement, more consideration should be given to promoting low-carbon economic and social transformation, sustainable development, and human well-being through public expenditure methods of government procurement. Improvement and enhancement. Second, a series of rule changes have been made to construction government procurement. Third, add new rules on procurement capacity. Fourth, delete the outdated rules; fifth, modify the construction procurement threshold to 9 million new currency. In addition, New Zealand considers compensation transactions to be discriminatory, including in defense procurement, and the new regulations continue to prohibit: "Government agencies may not require, consider or impose any compensation transaction measures at any stage in the procurement process." (China Government Procurement Network)