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Location: Home > NEWS > From January 2022, these new foreign trade regulations will be implemented

From January 2022, these new foreign trade regulations will be implemented

发布时间:2022.01.05
On January 1, 2022, the Regional Comprehensive Economic Partnership Agreement (RCEP) will enter into force. This means that the free trade zone with the largest population, the largest economy and trade scale and the most potential for development in the world has really come.

As the largest free trade zone in the world, after the entry into force of the RCEP agreement, more than 90% of the trade in goods between approved members will eventually achieve zero tariff.

For foreign trade enterprises, this is a huge dividend-after the entry into force of RCEP, nearly 30 per cent of China's exports can achieve zero tariff treatment, covering China's trade volume of 1.4 trillion US dollars.


Starting from January 1, import and export tariffs on some commodities will be adjusted.


Starting from January 1, 2022, China will impose a provisional import tariff rate lower than that of the most-favoured-nation (MFN) on 954 commodities. It includes the implementation of zero tariff on radium chloride injection, a new anticancer drug, and the reduction of import tariffs on some medical products such as intracranial thrombectomy stents, artificial joints and so on.

Starting from January 1, 2022, import and export tariffs on some commodities will be raised within the commitment of China's accession to the World Trade Organization. Among them, abolish the import provisional tariff rate on some amino acids, lead-acid battery parts, gelatin, pork and m-cresol, resume the implementation of the most-favored-nation tax rate, and raise export tariffs on phosphorus and crude copper in order to promote the transformation and upgrading and high-quality development of related industries.



The measures for the Administration of approved exporters will enter into force on January 1.


The General Administration of Customs has promulgated the measures of the people's Republic of China on the Administration of approved exporters (hereinafter referred to as the measures), which will enter into force on January 1, 2022.

It is clear in the measures that an enterprise applying to become an approved exporter must meet three conditions: first, it must be an enterprise with advanced customs certification; second, it should master the rules of origin under the relevant preferential trade agreements; third, it is necessary to establish a complete management system of origin qualification documents.



Temporary exemption of domestic sales tax and interest of processing trade enterprises in 2022.


In order to implement the spirit of the executive meeting of the State Council, the Ministry of Finance issued the notice on temporary exemption of domestic sales tax and interest on domestic sales of processing Trade Enterprises in 2022, specifying that from January 1, 2022 to December 31, 2022, temporary exemption from domestic sales tax and interest of processing trade enterprises. The introduction of this policy is conducive to doing a good job in cross-cycle adjustment, helping enterprises to relieve hardship, especially supporting small and medium-sized enterprises, ensuring orders and stabilizing expectations, actively responding to the current uncertain, unstable and unbalanced factors in foreign trade, and promoting the steady development of foreign trade.


The measures for the Administration of Import and Export Food Safety will come into effect on January 1.
 

The measures of the people's Republic of China on the Administration of Import and Export Food Safety shall enter into force on January 1, 2022. Imported food that has been assessed and qualified by the Customs shall be allowed to be imported. If the imported food is not up to standard after the customs conformity assessment, the customs shall issue a non-conformity certificate; if the safety, health or environmental protection projects are not up to standard, the customs shall notify the food importer in writing and order them to destroy or return them; if other items are unqualified, only those that meet the requirements of conformity assessment after technical treatment shall be allowed to be imported. If the relevant imported food fails to complete the technical treatment within the prescribed time, or is still unqualified after the technical treatment, the customs shall order the food importer to destroy or return the goods.



The cancellation of registration by consignees of imported meat and cosmetics will take effect on January 1.


In order to further deepen the reform of "release, management and service", continuously optimize the business environment at the port and lighten the burden on enterprises, the General Administration of Customs has decided to cancel the filing of imported meat consignees and imported cosmetics consignees, which shall be implemented as of January 1, 2022.

Inquiry method: log on to the website of the General Administration of Customs of the people's Republic of China, in the "Import and Export Food Safety Administration-Information Services-Business Information-important Information on Import and Export Meat Supervision" module to query the "list of Meat products exported to China from countries or regions that meet the requirements of Evaluation and examination". The specific names and addresses of the registered enterprises in the list can be found in the Registration list of imported Meat overseas production Enterprises.



Announcement on the declaration of import and export of epidemic prevention and control materials such as testing kit.

In order to facilitate enterprise declaration and efficient customs supervision, further improve the accuracy of declaration and statistics of materials for COVID-19 epidemic prevention and control, and serve the overall situation of epidemic prevention and control, according to the 2022 tariff Adjustment Plan (issued by the Taxation Commission (2021) No. 17), the import and export declaration of epidemic prevention and control materials such as novel coronavirus testing kit is hereby announced as follows. It will come into effect on January 1, 2022.


The new negative list of foreign trade access will come into effect on January 1.

The Special Management measures for Foreign Investment access (negative list) (2021 Edition) and the Special Management measures for Foreign Investment access (negative list) (2021 Edition) in the Free Trade pilot Zone will enter into force as of January 1, 2022. The 2021 version of the negative list of foreign investment in the national and free trade pilot zones has been further reduced to 31 and 27, with major changes:

First, we will further deepen the opening up of the manufacturing industry. In the field of automobile manufacturing, the restrictions on the share ratio of foreign investment in passenger car manufacturing and the restrictions on the establishment of two or less joint ventures producing similar vehicle products by the same foreign businessman in China will be abolished. In the field of radio and television equipment manufacturing, the restrictions on foreign investment in satellite television broadcasting ground receiving facilities and the production of key parts shall be abolished and managed in accordance with the principle of consistency between domestic and foreign capital. This revision has realized the zero clearance of manufacturing items in the negative list of the free trade pilot zone.

Second, the free trade pilot zone will explore ways to relax access to the service industry. In the field of market research, except for radio and television listening and viewing surveys, which must be controlled by the Chinese side, restrictions on the entry of foreign investment shall be lifted. In the field of social investigation, foreign investors are allowed to invest in social investigation, but the Chinese share ratio is required to be not less than 67%, and the legal representative shall have Chinese nationality.

The third is to improve the accuracy of the negative list of foreign capital access. The fourth is to optimize the negative list management of foreign investment access.


China-Brazil AEO Mutual recognition will be implemented on January 1st. 

China-Brazil Customs AEO Mutual recognition arrangement (hereinafter referred to as "Mutual recognition arrangement") will be implemented tomorrow (January 1, 2022).

After the implementation of the mutual recognition arrangement, the customs of China and Brazil will directly apply lower document examination rate, lower import inspection rate and actual goods to the goods from each other's AEO enterprises.


Julian Dominguez, deputy minister of animal husbandry, said in a statement that the measures announced by the government in the official bulletin had been agreed with the production entities and the meat packing industry and were aimed at providing predictability and confidence to Argentine livestock. Ensuring Argentine production, exports and consumption is based on technical analysis of the industry.

            

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