List of new foreign trade regulations in November:
Manufacturing small, medium and micro enterprises can defer tax payment from November
More Shipping companies adjust GRI
Two major ports in the United States and Spain impose surcharges
Exports to Eurasian Economic Union member states will no longer enjoy Generalized System of Preferences Tariff Preferences
Uzbekistan implements zero tariffs on 82 types of imported raw materials and semi-finished products
Kazakhstan footwear products are required Attach QR code
The United States has lifted travel restrictions on 33 countries including China
Tourists from 46 countries and regions can enter Thailand Quarantine-free
Guangdong tries to resume business visas to Hong Kong
“Customs Import and Export Goods Commodity Classification Management Regulations” are implemented
“Medical Device Registration Self-inspection Management Regulations” are released and implemented
The origin information management system RCEP3.0 version is online
Exports to Pakistan can issue certificates of origin under the free trade agreement
01 Small, medium and micro enterprises in the manufacturing industry can start from November Deferred tax payment
The State Council executive meeting held on October 27 deployed phased tax deferred measures for small, medium and micro enterprises in the manufacturing industry to further increase efforts to assist enterprises. The tax deferral will be implemented from November 1 this year until the end of the reporting period in January next year. It is estimated that about 200 billion yuan in tax deferrals can be provided to small, medium and micro enterprises in the manufacturing industry.
The meeting decided to tax the corporate income tax, domestic value-added tax, domestic consumption tax and the accompanying urban construction and maintenance tax realized by small, medium and micro enterprises in the manufacturing industry in the fourth quarter of this year, as well as individual industrial and commercial households, sole proprietorships and partnerships. The personal income tax paid by enterprises (excluding personal income tax withheld and paid by them) will be subject to periodic tax deferral.
The meeting clarified:
For small and micro manufacturing enterprises (including individual industrial and commercial households) with annual sales revenue of less than 20 million yuan, all taxes realized by them will be deferred;
For medium-sized manufacturing enterprises with annual sales revenue of 20 million yuan to 400 million yuan, 50% of the tax realized will be deferred. Enterprises with special difficulties can apply for a full tax deferred in accordance with the law.
In addition, in order to alleviate the operating difficulties of coal-fired power and heating enterprises, the tax payment realized in the fourth quarter of this year has been deferred. The total tax deferred is expected to be about 17 billion yuan. The above-mentioned tax deferment measures can delay payment for up to 3 months.
02 Many shipping companies have adjusted their GRI
Starting from November 1, COSCO, Evergreen, Hyundai, Ocean Network Express and ZIM have adjusted their Asian shipping rates. GRI to the United States. The ordinary freight adjustment fee effective on November 1, 2021 is the 21st ordinary freight adjustment fee on the East Asia/US route since 2021.
The details are as follows:
03 The two major ports in the United States and the West impose surcharges
In order to alleviate port congestion, the Port of Los Angeles and the Port of Long Beach, the two busiest ports in the United States, announced that starting from November 1, they will levy surcharges on shipping companies for two types of imported containers staying at shipping terminals.
After the new policy is released, shipping companies will be charged a surcharge if containers that need to be transported by truck stay at the port for 9 days or more, and containers that need to be transported by rail stay at the port for 6 days or more.
The port charges for these two types of containers are: each container that stays overtime will be charged US$100, in increments of US$100 per container per day.
04 Exports to member states of the Eurasian Economic Union will no longer enjoy tariff preferences under the Generalized System of Preferences
According to a notification from the Eurasian Economic Commission, starting from October 2021 Starting from March 12, the Eurasian Economic Union will cancel the Generalized System of Preferences treatment for goods exported to the Union from China, and goods exported to the Eurasian Economic Union member states will no longer enjoy the GSP tariff preferences. From the same date, the customs will no longer issue GSP certificates of origin for goods exported to Russia, Belarus, and Kazakhstan.
05 Uzbekistan implements zero tariffs on some imported products
According to recent news from the Uzbekistan newspaper network, Uzbek President Mirziyoyev signed the “On Further “Several Measures to Expand the Production of Competitive Products” presidential decree decided to implement zero tariffs on 82 types of imported raw materials and semi-finished products before January 1, 2024.
Raw materials and semi-finished products that are exempt from import duties include: castor oil, asbestos, sodium hydroxide (caustic soda), dyes, artificial fur, artificial wax, paper and cardboard, cotton fabrics, linen fiber fabrics, batteries, Speakers, etc., a total of 82 types. The list of related products and customs codes have been published on the official website of the Uzbek legal database.
Previously, the Ukrainian government issued a cabinet order on October 7, deciding to exempt imported bananas, apples, pineapples, guava and other fruits from tariffs before May 1, 2022.
06 All footwear products in Kazakhstan must be affixed with a QR code
Starting from November 1, 2021, all shoes circulating in Kazakhstan All products must be labeled with a Data Matrix QR code. Footwear products from other countries (including Eurasian Economic Union countries) that do not have digital labels will be prohibited from entering the Kazakh market.
The above regulations involve all footwear market participants from manufacturers, importers to retailers. All market participants must log in to the product labeling and traceability information system to complete the registration procedures and obtain the QR code automatically generated by the system.
Importers must affix digital labels to goods before customs clearance, either in the country of production or in a customs bonded warehouse located in Kazakhstan. For footwear in stock that is not digitally tagged, one year is allowed��Certificate of Origin
Recently, the General Administration of Customs informed that relevant departments in Pakistan have accepted the China-Pakistan Free Trade Agreement origin visa filing materials submitted by the China Council for the Promotion of International Trade.
On the basis of completing various preparatory work, the China Council for the Promotion of International Trade is scheduled to launch the issuance of certificates of origin under the China-Pakistan Agreement system-wide from November 10, 2021. This marks that the trade promotion system has achieved full-scale issuance of certificates of origin under various free trade agreements in my country.
By applying for the China-Pakistan Free Trade Agreement Certificate of Origin, products exported to Pakistan can enjoy varying degrees of tariff reductions and exemptions when imported into Pakistan:
Pakistan’s 45% The tax items have already implemented zero tariffs.
30% of the tax items will gradually achieve zero tariffs in the next 5 to 13 years.
A partial tax reduction of 20% will be implemented on 5% of tax items on January 1, 2022.
The certificate of origin under the China-Pakistan Agreement of the Council for the Promotion of International Trade is fully electronically issued, and independent certificate printing services are provided. Companies can apply for preferential certificates of origin under the China-Pakistan Agreement for free through the CCPIT online visa system or the International Trade Single Window. </p
