In the near future, what new customs and foreign trade-related new policies and regulations have been implemented? Come and find out!
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Adjust export tariffs on some steel products
In the latest news on July 29, the Ministry of Finance and the State Administration of Taxation jointly issued the "Announcement on the Cancellation of Export Tax Rebates for Steel Products" (hereinafter referred to as the "Announcement"). The announcement stated that starting August 1, 2021, export tax rebates for some steel products will be cancelled. The specific execution time shall be defined by the export date indicated on the export goods declaration form.
In addition, starting from August 1, 2021, the export tariffs of ferrochrome and high-purity pig iron will be appropriately increased, and the export tax rates of 40% and 20% will be implemented after adjustments.
This is since May 1st, my country has once again cancelled some steel tariffs
Shipping companies charge additional fees such as GRI, PSS, VAD, CGS, etc.
Since August, CMA CGM, COSCO, Evergreen, Hapag-Lloyd, HMM, ONE, Yangming, Yixing and other shipping companies have once again raised the GRI for trans-Pacific routes. In addition, Hapag-Lloyd will impose additional PSS on the China-Australia route from August 1; Yixing will levy CGS at US ports from August 1; Mason will adjust the CGS of US West Ports from August 5; CGS will be added to the ports of the United States and Canada from 1st; Hapag-Lloyd will add VAD to the China-North America routes from August 15th.
Russia imposes export duties on 340 types of non-ferrous metals and steel products
Russia plans to impose a temporary tariff of at least 15% on exports of steel, nickel, aluminum and copper from August 1 to the end of this year to help ease domestic inflation.
The minimum specific tax rates are as follows:
Copper: USD 1,226 per ton;
Nickel: USD 2,321 per ton;
Low-grade aluminum: US$254 per ton;
Steel products: The tax rates for various products are different, of which hot-rolled steel is at least $115 per ton.
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Pakistan adjusts tariffs on various luxury goods and textile materials
The Federal Revenue Commission of Pakistan (FBR) announced that it will impose new regulatory tariffs on a variety of commodities starting July 1 this year, covering luxury goods and a wide range of non-essential items, including chocolate, fresh fruits and vegetables, overseas coffee brands, soft drinks, stationery, hygiene Supplies and many other products.
The committee issued two statutory supervision orders on June 30 stating the details of the new tax rate. Among them, the Statutory Supervision Order No. SRO 840(1)/2021 amended the import supervision tariffs of 599 items, while the Statutory Supervision Order No. SRO 845(1)/2021 set the original tariff levels of 0% and 3 % Or 11% of imported goods are subject to an additional tariff of 2%. As for goods with the original tax bands of 16%, 20% and 30%, additional tariffs of 4%, 6% and 7% will be imposed respectively.
On the other hand, the committee significantly reduced the tax rate of 2,436 tax items from 20% to 6% or 7%, mainly related to imported raw materials used in the textile industry. At the same time, importers of polyester, synthetic chopped staple fibers and recycled chopped staple fiber woven fabrics, as well as recycled chopped staple fibers and artificial chopped staple fiber yarns are only required to pay a 2% tariff.
In addition, the committee also announced that the tariff exemption period for 61 imported medical instruments and equipment used to treat new coronary pneumonia will be extended to December 31 this year.
India cancels 7 import tariffs on organic chemical raw materials for pharmaceuticals
The Central Indirect Tax and Tariff Commission (CBIC) of the Ministry of Finance of India issued the 35/2021-Customs Announcement on July 12, canceling the import tariffs on seven organic chemical raw materials for pharmaceuticals, including lecithin (Egg Lecithin, HS 29232090) and high cholesterol (Cholesterol HP, HS 29061310) and other 6 items are exempt from tax until August 31, 2021, and the raw materials used to manufacture Covid-19 test reagents are exempt from tax until September 30, 2021.
After the second wave of the epidemic broke out in India, the Ministry of Finance previously announced the cancellation of anti-epidemic materials including medical oxygen, blood oxygen machines, testing reagents, active pharmaceutical ingredients (API), vaccine raw materials and other product import tariffs and commodity service taxes ( GST ).
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Myanmar relaxes import of anti-epidemic materials
The Ministry of Commerce of Myanmar issued a notice on July 11 with the following contents:
In order to promote the implementation of preventive measures against the new crown pneumonia epidemic, the Ministry of Commerce has cooperated with relevant departments to allow timely import of medicines and other medical equipment through shipping or border trade stations.
For the oxygen concentrators (Oxygen Concentrators) needed to treat the epidemic, there will be no need to apply for FDA certificates and import licenses, and they can be picked up in advance without paying the 3% tariff immediately.
At present, some criminals are spreading false information on social media to increase market prices and cause public panic by forging official documents prohibiting the import of medicines and medical supplies.
The Ministry of Commerce stated that the dissemination of letters is false and that it will take actions against those disseminating false information in accordance with the law and relax some restrictions on the import of medicines and medical equipment in a timely manner.
The Trade Department of the Ministry of Commerce of Myanmar issued Newsletter No. 12/2021 on July 12. As the third wave of the new crown pneumonia epidemic is spreading rapidly, all medicines, medical equipment and liquid oxygen for the prevention and control of the epidemic that previously needed to apply for an import license ( Liquid Oxygen), starting from July 12, it is allowed to apply for an import license for 3 months.
Malaysia imposes anti-dumping duties on certain Chinese products
The Ministry of Trade and Industry of Malaysia announced that Malaysia will import painted or plastic-coated iron or non-alloy steel flat rolled products (Pre-painted/Painted/Colour Coated Steel) imported from China and Vietnam from July 20, 2021. Coils), the customs tariff numbers are listed as 7210.70.1100, 7210.70.1900, 7210.70.9110, 7210.70.9190, 7210.70.9910, 7210.70.9990) and other products are subject to anti-dumping duties for a period of 5 years, and the tax rate ranges from 12.06% to 52.10% No) in order to protect the domestic steel industry.
Peru makes preliminary anti-dumping ruling on Chinese zipper and its accessories
On July 14, 2021, the Dumping, Subsidy and Elimination of Non-Tariff Trade Barriers Commission of the National Bureau of Competition and Intellectual Property Protection of Peru issued the Announcement No. 205-2021/CDB-INDECOPI in the official daily newspaper El Peruano. The zippers and their accessories (Spanish: cierres de cremallera y sus partes) originating in China made a preliminary anti-dumping ruling, and the preliminary ruling imposed a levy of US$4.84/kg on imported metal zippers whose FOB price does not exceed US$23.29/kg. Temporary anti-dumping duties, a temporary anti-dumping duty of US$2.11/kg on other material zippers with an FOB price not exceeding US$44.26/kg, and a temporary anti-dumping duty of US$0.66/kg on zipper accessories with an FOB price not exceeding US$9.28/kg .
The announcement will take effect the day after its issuance and will be valid for 6 months. The Peruvian tax codes of the products involved are 9607.11.00.00, 9607.19.00.00 and 9607.20.00.00.
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Saudi Arabia implements new regulations on fruit and vegetable import control
The Ministry of Environment, Water and Agriculture of Saudi Arabia recently announced that Saudi Arabia will implement new regulations on the import control of fruits and vegetables starting from January 1, 1443 in the Iraqi calendar (August 10, 2021 in the Gregorian calendar). The new regulations will determine the type and quantity of fruit and vegetable import licenses based on the needs of the local market in Saudi Arabia, optimize services and transportation procedures, and strictly enforce import license issuance requirements, aiming to support sustainable production in the country, guarantee product quality, protect plant resources, and promote fresh fruits and vegetables. Circulate and ensure food safety.
The new regulations require that the transportation of fruits and vegetables must comply with the GCC national agricultural quarantine regulations and the technical regulations of the Saudi Ministry of Environment, Water and Agriculture. Once the import license expires, the imported goods will not be released. The Ministry has the right to check the quantity of imports according to each license and request the suspension of shipment when an epidemic occurs in the importing country.
Ecuador cuts tariffs on 667 products
The Minister of Production, Foreign Trade, Investment and Fisheries of Ecuador, Prado, announced on July 9 that the Ecuadorian Foreign Trade Commission approved a resolution to reduce tariffs on 667 products (590 of which will be directly exempt from tariffs). Among the products whose tariffs are lowered, 328 are agricultural production and agricultural product processing machinery and equipment, and 254 are various production materials and raw materials.
The resolution will take effect on August 1. Among 667 products, the tariffs on 590 items will be reduced to 0, 30 items will be reduced to 5%; 20 items will be reduced to 10%; tariffs on the remaining items will be reduced to between 15% and 25%.
Customs to facilitate the exit application of therapeutic biological products
On July 8th, the General Administration of Customs issued the "Announcement on Matters Concerning the Examination and Approval of Entry-Exit Special Items Hygiene and Quarantine" (No. 52 of 2021), clarifying the "Medical Device Export Record Form" and the "Medical Device Product Export" issued by the drug regulatory authority. The “Sales Certificate” can be used as the relevant application materials for the enterprise to handle the sanitation and quarantine approval for entry and exit special items. In short, enterprises can handle export customs clearance with the aforementioned materials, and completely solve the policy restrictions that plague the export of enterprises' products.
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