1.Further support foreign economic and trade enterprises to expand the cross-border use of RMB.
2.The list of pilot areas for the integration of domestic and foreign trade.
3.The General Administration of Market Supervision (Standards Committee) approved the release of a number of important national standards.
4.China Customs and Philippine Customs signed the AEO mutual recognition arrangement.
5.The 133rd Canton Fair will fully resume offline exhibition.
6.The Philippines will reduce the import tariffs on electric vehicles and their parts.
7. Malaysia will release the cosmetics control guide.
8 Pakistan canceled the import restrictions on some commodities and raw materials
9. Egypt canceled the documentary credit system and resumed collection
10. Oman banned the import of plastic bags
11. The EU imposed temporary anti-dumping duties on China’s refillable stainless steel barrels
12. Argentina made a final anti-dumping decision on China’s domestic electric kettle
13. South Korea made a final anti-dumping decision on aluminum hydroxide originating in China and Australia
14 India makes final anti-dumping determination on vinyl tiles other than rolls and sheets originating in or imported from Chinese Mainland and Taiwan, China of China
15.Chile issues regulations on the import and sales of cosmetics
Further support foreign economic and trade enterprises to expand the cross-border use of RMB
On January 11, the Ministry of Commerce and the People’s Bank of China jointly issued the Notice on Further Supporting Foreign Economic and Trade Enterprises to Expand the Cross-border Use of RMB to Facilitate Trade and Investment (hereinafter referred to as the “Notice”), which further facilitated the use of RMB in cross-border trade and investment from nine aspects and better met the market needs of foreign economic and trade enterprises such as transaction settlement, investment and financing, and risk management. The notice requires that all kinds of cross-border trade and investment should be facilitated to use RMB for pricing and settlement, and promote banks to provide more convenient and efficient settlement services; Encourage banks to carry out overseas RMB loans, actively innovate products and services, and better meet the cross-border RMB investment and financing needs of enterprises; As enterprises implement policies, enhance the sense of acquisition of high-quality enterprises, first-run households, small and medium-sized enterprises, and support core enterprises in the supply chain to play a leading role; Relying on various open platforms such as the Free Trade Pilot Zone, Hainan Free Trade Port, and Overseas Economic and Trade Cooperation Zone to promote the cross-border use of RMB; Provide business support such as transaction matching, financial planning and risk management based on the needs of enterprises, strengthen insurance protection, and improve cross-border RMB comprehensive financial services; Give play to the guiding role of relevant funds and funds; Carry out diversified publicity and training, promote the connection between banks and enterprises, and expand the scope of policy benefits. Full text of the Notice:
Release of the list of domestic and foreign trade integration pilot areas
On the basis of local voluntary declaration, the Ministry of Commerce and other 14 departments have studied and determined the list of pilot areas for the integration of domestic and foreign trade, including Beijing, Shanghai, Jiangsu, Zhejiang (including Ningbo), Fujian (including Xiamen), Hunan, Guangdong (including Shenzhen), Chongqing and Xinjiang Uygur Autonomous Region. It is understood that the Notice of the General Office (Office) of 14 Departments including the Ministry of Commerce on the Announcement of the List of Pilot Areas for Domestic and Foreign Trade Integration has been issued recently. Full text of the Notice:
Recently, the General Administration of Market Supervision (Standards Committee) approved the release of a number of important national standards. The national standards issued in this batch are closely related to economic and social development, ecological civilization construction, and people’s daily life, involving information technology, consumer goods, green development, equipment and materials, road vehicles, safety production, public services and other fields. View details:
China Customs and Philippine Customs sign AEO mutual recognition arrangement
At the beginning of 2023, the Arrangement between the General Administration of Customs of the People’s Republic of China and the Customs Administration of the Republic of the Philippines on Mutual Recognition of “Certified Operators” was signed, and China Customs became the first AEO (certified operator) mutual recognition partner of the Philippine Customs. After the signing of the China-Philippines AEO Mutual Recognition Arrangement, the export goods of AEO enterprises in China and the Philippines will enjoy four facilitation measures, namely, lower goods inspection rate, priority inspection, designated customs liaison service, and priority customs clearance after the international trade is interrupted and restored. The time of goods customs clearance is expected to significantly shrink, and the cost of ports, insurance and logistics will also be reduced.
The 133rd Canton Fair will fully resume offline exhibition
The person in charge of the China Foreign Trade Center said on January 28 that the 133rd Canton Fair is scheduled to open on April 15 and will resume offline exhibition. It is reported that the 133rd Canton Fair will be held in three phases. The exhibition hall area will expand from 1.18 million square meters in the past to 1.5 million square meters, and the number of offline exhibition booths is expected to increase from 60000 to nearly 70000. At present, the invitation has been sent to 950000 domestic and foreign buyers, 177 global partners, etc. in advance.
Philippines lowers import tariffs on electric vehicles and their parts
On January 20, local time, Philippine President Ferdinand Marcos Jr. approved the temporary revision of the tariff rate of imported electric vehicles and their parts to boost the country’s electric vehicle market. On November 24, 2022, the Board of Directors of the National Economic Development Agency (NEDA) of the Philippines approved the temporary reduction of the most-favoured-nation tariff rate of some electric vehicles and their components for a period of five years. According to Executive Order No. 12, the most-favoured-nation tariff rate on the fully assembled units of some electric vehicles (such as passenger cars, buses, minibuses, trucks, motorcycles, tricycles, scooters and bicycles) will be temporarily reduced to zero within five years. However, this tax preference does not apply to hybrid electric vehicles. In addition, the tariff rate of some parts of electric vehicles will also be reduced from 5% to 1% for five years.
Malaysia issued cosmetics control guidelines
Recently, the National Drug Administration of Malaysia issued the “Guidelines for the Control of Cosmetics in Malaysia”, which mainly includes the inclusion of octamethylcyclotetrasiloxane, sodium perborate, 2 – (4-tert-butylphenyl) propionaldehyde, etc. in the list of prohibited ingredients in cosmetics. The transition period of the existing products is November 21, 2024; Update the use conditions of the preservative salicylic acid, ultraviolet filter titanium dioxide and other substances.
Pakistan lifted import restrictions on some commodities and raw materials
The National Bank of Pakistan decided to relax the import restrictions on basic imports, energy imports, export-oriented industrial imports, agricultural inputs imports, deferred payment/self-financing imports and export-oriented projects to be completed from January 2, 2023, and strengthen economic and trade exchanges with China. Previously, SBP issued a notice that authorized foreign trade companies and banks must obtain the permission of SBP’s foreign exchange business department before starting any import transactions. In addition, SBP also relaxed the import of several basic items needed as raw materials and exporters. Due to the serious shortage of foreign exchange in Pakistan, SBP issued corresponding policies that severely restricted the import of the country, and also affected the economic development of the country. Now the import restrictions on some commodities have been lifted, and SBP requires traders and banks to give priority to import commodities according to the list provided by SBP. The new notice allows the import of food (wheat, edible oil, etc.), drugs (raw materials, life-saving/essential drugs), surgical instruments (brackets, etc.) and other necessities. According to the applicable foreign exchange management regulations, importers are also allowed to raise funds from abroad for import with existing foreign exchange and through equity or project loans/import loans.
Egypt cancelled the documentary credit system and resumed collection
On December 29, 2022, the Central Bank of Egypt announced the cancellation of the documentary letter of credit system and the resumption of collection documents to handle all import businesses. The Central Bank of Egypt said in the notice issued on its website that the cancellation decision referred to the notice issued on February 13, 2022, that is, to stop processing the collection documents when implementing all import businesses, and to process the documentary credits only when conducting import businesses, as well as the exceptions subsequently decided. Egyptian Prime Minister Madbury said that the government would solve the problem of the backlog of goods at the port as soon as possible, and release the release of the backlog of goods every week, including the type and quantity of goods, to ensure the normal operation of production and economy.
Oman prohibits the import of plastic bags
According to the Ministerial Decision No. 519/2022 issued by the Ministry of Commerce, Industry and Investment Promotion of Oman (MOCIIP) on September 13, 2022, Oman will prohibit companies, institutions and individuals from importing plastic bags from January 1, 2023. The violator will be fined 1000 rupees (US $2600) for the first offence and double the fine for the second offence. Any other legislation contrary to this decision will be cancelled.
EU imposes temporary anti-dumping duty on China’s refillable stainless steel drums
On January 12, 2023, the European Commission issued an announcement on the use of reusable stainless steel drums originating in China（StainlessSteelRefillableKegs) made a preliminary anti-dumping determination, and preliminarily ruled that a provisional anti-dumping duty of 52.9% – 91.0% was imposed on the products involved. The product in question is approximately cylindrical, its wall thickness is greater than or equal to 0.5 mm, and its capacity is greater than or equal to 4.5 liters, regardless of the type of finish, specification or grade of stainless steel, whether it has additional parts (extractor, neck, edge or edge extended from the barrel or any other parts), whether it is painted or coated with other materials, and is used to hold materials other than liquefied gas, crude oil and petroleum products. The EU CN (Combined Nomenclature) codes of the products involved are ex73101000 and ex73102990 (TARIC codes are 7310100010 and 7310299010). The measures will take effect from the next day of the announcement, and the period of validity is 6 months.
Argentina Makes Final Anti-dumping Decision on Chinese Household Electric Kettles
On January 5, 2023, the Argentine Ministry of Economy issued Announcement No. 4 of 2023, making a final anti-dumping decision on domestic electric kettles (Spanish: Jarras o pavas electrot é rmicas, de uso dom é stico) originating in China, deciding to set a minimum export FOB of 12.46 US dollars per piece for the products involved, and imposing the difference between the declared prices and the minimum export FOB as anti-dumping duties on the products involved. The measures shall take effect from the date of the announcement, and shall be valid for 5 years. The customs code of the product involved in the case is 8516.79.90.
South Korea made the final anti-dumping decision on aluminum hydroxide originating in China and Australia
Recently, the Korean Trade Commission issued Resolution 2022-16 (Case No. 23-2022-2), which made a final affirmative anti-dumping decision on aluminum hydroxide originating in China and Australia, and proposed to impose an anti-dumping duty on the products involved for five years. The Korean tax number of the product involved is 2818.30.9000.
India makes final anti-dumping determination on vinyl tiles originating from or imported from Chinese Mainland and Taiwan, China, China, except roll and sheet tiles
Recently, the Ministry of Commerce and Industry of India issued an announcement that it made a final affirmative determination on anti-dumping of vinyl tiles originating in or imported from Chinese Mainland and Taiwan, China, except roll and sheet tiles, and proposed to levy anti-dumping duties on the products involved in the above countries and regions for a period of five years. This case involves products under Indian Customs Code 3918.
Chile issued regulations on the import and sale of cosmetics
When cosmetics are imported into Chile, the certificate of quality inspection of each product, or the certificate issued by the competent authority of origin and the analysis report issued by the production laboratory must be provided. Administrative procedures for the registration of cosmetics and personal cleaning products sold in Chile: registered with the Chilean Public Health Bureau (ISP), and differentiated products according to risks according to the Chilean Ministry of Health Regulation 239/2002. The average registration cost of high-risk products (including cosmetics, body lotion, hand cleaner, anti-aging care products, insect repellent spray, etc.) is about 800 dollars, The average registration fee for low-risk products (including polish remover, hair remover, shampoo, hair gel, toothpaste, mouthwash, perfume, etc.) is about $55. The registration time is at least 5 days, and can be as long as 1 month. If the ingredients of similar products are different, they must be registered separately. The above products can only be sold after quality management tests are conducted in Chilean laboratories, and the test cost of each product is about 40-300 dollars.
Post time: Mar-04-2023