Skip to content
Menu
To Spo World
  • Business
    • Business Idea
    • Business News
    • Economy Creative
    • Online Marketing
    • Real Estate
  • Finance
    • Financial News
    • Gold Investment
    • Life Insurance
    • Stock Market News
    • Taxact
  • Lifestyle
    • Beauty
    • Fashion and Stylish
    • Health and Fitness
    • Lifestyle Magazine
  • Technology
    • New Technology
    • SEO Networking
    • Tech News
    • Technology Current Event
    • VPS Hosting
  • Travel
    • Family Tour
    • Holiday Types
    • Hotel and Car Rental
    • Marine Tourism
    • Travel Destination
  • World News
    • Breaking News
    • Fox News
    • Google News
    • News Today
    • Politics & Economy
To Spo World

Middle East Unrest Worries Makers Despite Minimal Impact

Posted on February 26, 2019August 18, 2020

Middle East Unrest Worries Makers Despite Minimal Impact Tension in the Middle East is making China suppliers wary about accepting orders from the area. While exports have not been affected significantly, cautious makers are insuring goods against cancellations and delays.

At the height of the financial downturn, many suppliers in China turned to emerging markets, including the Middle East, to help boost sales. The same companies are now concerned the tumultuous political situation in the area may have a negative impact on their export business. Many of them are now buying credit insurance against possible losses.

The China Ceramics Industry Association noted 30 percent of orders to makers in Foshan, Guangdong province, from buyers in the Middle East were cancelled early this year. This included goods that were already loaded for shipping. The Middle East accounts for more than 15 percent of Foshan’s ceramics exports.

In March, Fuzhou Fedtex Garment Co. Ltd received a request from one of its buyers to change the destination port in Yemen to avoid any potential conflicts there. To protect against cancellations, and shipping delays, the company insured products that were bound for the Middle East. The cost for insuring the goods is between $0.05 and $0.07 per piece, and is added on to export prices.

Sinosure is said to be the only company in China that insures products to be shipped to countries with political or economic turmoil. Suppliers could recover as much as 90 percent of their goods’ declared value if these are insured. Sinosure claims to have disbursed more than 200 million yuan ($30 million) as compensation to some companies that have construction projects in Libya.

NAVIGATION

  • About Us
  • Disclaimer
  • Privacy Policy
  • Sitemap

Recent Posts

  • Forex: What You Need To Know To Make Money
  • Need Help With Your Internet Marketing Business? These Tips Can Help!
  • Keep Your Article Promotion Strategy Simple For Successful Money Making
  • Show Your Potential By Becoming An Internet Marketer
  • Check Out This Article On Search Engine Optimization That Offers Many Great Tips

Categories

  • Beauty
  • Beauty
  • Breaking News
  • Breaking News
  • Business Idea
  • Business News
  • Business News
  • Economy Creative
  • Family Tour
  • Family Tour
  • Fashion and Stylish
  • Fashion and Stylish
  • Financial News
  • Fox News
  • General Article
  • Gold Investment
  • Google News
  • Health and Fitness
  • Holiday Types
  • Hotel and Car Rental
  • Life Insurance
  • Lifestyle Magazine
  • Marine Tourism
  • New News
  • New Technology
  • News
  • News Today
  • News Today
  • Online Marketing
  • Real Estate
  • SEO Networking
  • Stock Market News
  • Taxact
  • Tech News
  • Technology Current Event
  • Travel Destination
  • VPS Hosting

CALENDAR

May 2022
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
« Apr    

Partner links

If you are looking for legal and attorney information please visit this site --> hotcanadianphamracy.com
©2022 To Spo World | WordPress Theme by Superbthemes.com