Hangzhou Vision Chain Transmission Co., Ltd. was notified by the relevant authorities today. In recently the situation in Thailand, the Philippines unrest, international trade must be cautious to avoid the risks encountered strikes and war.
According to the latest news, the Thai Ministry of Foreign Affairs on June 29 held a press conference to explain the current situation in the foreign media in Thailand. The junta leaders, General Prayuth stated, during the meeting central and local officials on the 29th, Thailand must complete the three-stage process, in order to hold democratic elections. This suggests that the elections holding within a short-term in Thailand are hopeless. Thailand domestic political unrest further, aggravate domestic political and economic crisis.
However, also in Southeast Asia, the Philippines provokes constantly on the South China Sea issue. March 30, the Philippines formally submitted the request of arbitration for so-called South China Sea sovereignty to the United Nations International Tribunal. In May, they even trapped Chinese fishing boats in the disputed waters. The Philippines led to conflict escalated between the two countries in the South China Sea, even made for the Chinese enterprises in the Philippines facing greater uncertainty.
For the actual situation above, we ask each salesman when signing export contracts, to keep the terms of payment strictly: "more than 30 percent down payment, see a copy of the bill of lading or a single copy of the packing pay the balance". It is meaning that we only accept T/T payment, FOB& EXW and other trade terms.
We hope the customers understand and support us in Thailand and the Philippines.
Hangzhou Vision Chain Transmission Co., Ltd. will provide you with better quality products and attentive service. Let us create a better future!