China News
From July 1, the unified message of cross-border e-commerce will implement the new specification
Recently, the China E-port data center issued a notice on Revising the specification of cross-border e-commerce-related messages. The notice points out that the IC card and encryptor certificate issued from July 1, 2022, must use the new digital signature specification to countersign the imported message, and the originally issued IC card and encryptor certificate can continue to use the original digital signature specification within the validity period.
The central bank supports cross-border RMB settlement of new forms of foreign trade
According to China Daily, on June 20, the people's Bank of China issued the notice on supporting cross-border RMB settlement of new foreign trade formats (hereinafter referred to as the notice) to further play the role of cross-border RMB settlement business in serving the real economy and promoting trade and investment facilitation. By providing a clear and friendly policy framework, the notice will help foreign trade companies choose RMB as the settlement currency, thus helping foreign trade companies hedge the risks related to currency exchange. The notice will take effect from July 21, 2022.
Tianjin Port will reduce many fees from July 1
A few days ago, Tianjin Port Group issued a notice on the implementation of ten measures to relieve difficulties and benefit enterprises, reducing and exempting a number of fees, including the exemption of the daily shift port operation lump sum fee of the Bohai public inner branch, the use fee of the transit container depot, the exemption of the use fee of the imported empty containers for more than 30 days, the exemption of the use fee of the transit empty container distribution depot, and the reduction of the export fees of inland enterprises. The above preferential service measures will be implemented from 0:00 on July 1, 2022, to 24:00 on September 30, 2022.
Ningbo Zhoushan port reduced many port charges
On June 16, Ningbo Zhoushan Port Co., Ltd. issued the announcement of Ningbo Zhoushan port on the implementation of enterprise assistance measures and decided to implement the port-related preferential measures in stages, including extending the free stacking period of heavy containers for foreign trade import (from 4 days to 7 days), exempting the short barge fee from the port of cold storage containers for foreign trade import inspection to the inspection site, opening the green channel of foreign trade export LCL Part of the multimodal transport export container warehouse usage fee (stack transfer) is exempted.
From July 1, the health quarantine approval and analysis system for entry-exit special goods will be fully put into operation
According to Shanghai Customs, the Customs health quarantine approval and analysis system for entry-exit special goods (hereinafter referred to as the new system) will be fully operational from July 1. The old system will stop accepting applications and only provide the functions of inquiry and verification. The applicants of special goods units will submit the application for approval of special goods in the new system from July 1.
The list of the eighth extension of exclusion of goods subject to tariffs imposed on the United States has been published
According to the financial associated press on June 29, with the approval of the State Council, the Tariff Commission of the State Council announced the eighth extended list of goods subject to additional tariffs on the United States, and extended the exclusion period for relevant goods in the announcement of the Tariff Commission of the State Council on the sixth extended list of goods subject to additional tariffs on the United States (announcement of the Tax Commission [2021] No. 9), from July 1, 2022, to February 15, 2023, We will continue not to impose the tariffs we have imposed to counter the US 301 measures.
The State Administration of Taxation has notified to speed up the handling of export tax rebates in stages
According to Xinhua news agency, in order to promote the stability and quality improvement of foreign trade, the State Administration of Taxation issued a notice specifying the average time for tax authorities to handle normal export tax rebates (Exemptions) for class I and class II export enterprises from June 20, 2022, to June 30, 2023, will be compressed within three working days. The deadline will be further defined according to the development and actual implementation of foreign trade.
The national Standing Committee emphasized the improvement of the automobile parallel import policy
Recently, the executive meeting of the State Council confirmed the policy of increasing automobile consumption support, including: for small nonoperating second-hand cars, the immigration restrictions of vehicles that meet the national five emission standards will be completely abolished from August 1; Considering the current actual research on the extension of the new energy vehicle purchase tax exemption policy after it expires at the end of the year; We will improve the policy of parallel import of automobiles and support the construction of parking lots. Parallel imported cars can help simplify circulation links and facilitate consumers to buy imported cars at a more affordable price. Since the pilot of automobile parallel import was launched in 2014, the pilot scope of automobile parallel import has been gradually expanded, and the import volume has been growing. Up to now, 22 of the 29 vehicle import ports across the country are carrying out parallel import business.
Shenzhen cancels the restrictions on the scale of revenue and expenditure of pilot enterprises
On June 24, the Shenzhen Administration of foreign exchange issued the guiding opinions of the Shenzhen Branch of the State Administration of foreign exchange on carrying out the pilot of trade and foreign exchange revenue and expenditure facilitation for high-quality enterprises (2022 version), canceling the limitation on the revenue and expenditure scale of 10million US dollars for pilot enterprises applying for trade in services, and setting no requirements on the revenue and expenditure scale for pilot enterprises applying for trade in goods and trade in services, so as to further promote the facilitation of trade and foreign exchange revenue and expenditure.
The new certificate of origin of the China-South Korea free trade agreement cancels the upper limit of product items
According to the announcement of the General Administration of Customs No. 33, 2022, announcement on adjusting the format of certificate of origin under the China-South Korea Free Trade Agreement, China and South Korea lifted the limit of 20 items of certificate of origin products for import and export goods under the agreement on June 12, providing greater convenience and flexibility for enterprises to declare certificates of origin.
Continue to impose anti-dumping duties on imported carbon steel fasteners from the EU and the UK
On June 28, the Ministry of Commerce issued announcement No. 17 of 2022, deciding to continue to impose anti-dumping duties of 5.5% to 26% on imported carbon steel fasteners originating in the European Union and the United Kingdom from June 29, and the implementation period of the tax rate is five years.
Adjust the declaration requirements for some imported cosmetics
On June 20, the General Administration of Customs issued Announcement No. 51 of 2022, deciding to adjust the declaration requirements of some imported cosmetics to further standardize the declaration of imported cosmetics. The announcement shall be implemented as of the date of promulgation.
Spanish Oatgrass approved for import
On June 21, the General Administration of Customs issued Announcement No. 52 of 2022: from now on, Spanish Oatgrass that meets the inspection and quarantine requirements is allowed to be imported.
Myanmar bananas approved for import
On June 14, the General Administration of Customs issued Announcement No. 49 of 2022: from now on, Myanmar bananas that meet the inspection and quarantine requirements are allowed to be imported.
Kenya fresh avocado approved for import
On June 1, the General Administration of Customs issued Announcement No. 47 of 2022: from now on, Kenya fresh avocado meeting the inspection and quarantine requirements is allowed to be imported.
Thailand News
Electronic plant quarantine certification will be fully enabled from July 1
According to Chinanet, Thailand will fully launch a photo paperless e-Certificate for plant quarantine from July 1. Previously, it was only used in 22 kinds of agricultural products exported to China. The electronic phytosanitary certificate system aims to provide convenience for exporters, simplify the export process, better realize the traceability demand, and then support the export of Thai agricultural products.
Personal data protection law has come into force
According to the economic and trade window of the Chinese Consulate General in song, Thailand's personal data protection law (PDPA) came into force on June 1, Thailand's China Daily reported. The Commercial Bank Association of Thailand and state-owned banks have said that they will strictly implement the relevant provisions of the PDPA law to ensure the security of customers' personal data. Each bank will first obtain a license statement when updating services and launching new products.
Continue to exempt the annual factory fee for 1 year
According to the website of the Ministry of Commerce, the Thai World Daily reported that the Thai cabinet meeting considered and approved the draft guidelines of ministerial regulations on Exempting factory operators from annual fees, which is an extension of the exemption period for collecting annual fees according to the factory law. The period is one year, effective from June 10 to June 9, 2023.
Vietnam News
The minimum wage will be raised by 6% from July 1
According to Vietnam News Agency, after the second round of negotiations, Vietnam's national wage Council decided to raise the regional minimum wage by an average of 6% from July 1. After the adjustment, salaries in various regions of Vietnam increased by vnd 180000 to and 260000 respectively (equivalent to about RMB 54-78).
Guangning go long port resumed customs clearance
According to the business office of the Chinese Consulate General in Ho Chi Minh City, Vietnam's people's Daily reported that the Karon port in mang street, Quang Ninh province, Vietnam, officially resumed customs clearance on June 17 after being suspended for three years due to the epidemic. In the preliminary stage of the pilot customs clearance, the number of cassava flour vessels passing through Vietnam's go long port and China's Dongxing border trade exchange wharf reached 40 every day.
Langshan province has set up a three-tier green zone at the border port
According to Vietnam's customs online, in order to do a good job in epidemic prevention and control to ensure the smooth progress of import and export activities, Vietnam's Lang San Provincial People's Committee decided to implement a three-tier green zone at the border ports of friendship, Xinqing, and Shima from June 1. The report pointed out that the three-tier green zone plan will also help build trust with China to maintain customs clearance activities at border ports and create convenience for the export of Vietnamese agricultural products and fresh fruits.
Russia News
The preferential loan policies for small and medium-sized enterprises will be canceled from July 15
According to CCTV news, the Central Bank of Russia announced on June 15 that the fixed interest rate system previously formulated to promote the financing of small and medium-sized enterprises would be canceled from July 15, and the floating rate loan mechanism would be restored, with the loan interest rate linked to the key interest rate of the central bank.
Allow Russian exporters to credit foreign currencies to overseas accounts
According to CCTV news, the foreign investment supervision committee of the Russian government said it had decided to allow Russian exporters to credit foreign currencies to their overseas accounts. Accordingly, residents have the right to credit the foreign currency gains obtained from non-residents under foreign trade contracts to their accounts in foreign banks. The first deputy governor of the Russian central bank said that the Russian central bank plans to extend the restrictions on cash and foreign exchange purchases until September.
Cancel the requirement of 50% compulsory settlement and sales of foreign exchange by exporters
According to a reference news network, a Russian businessman reported that Russian President Putin signed an order on June 9, canceling the requirement for exporters to force the settlement and sale of foreign exchange by 50%. According to the presidential decree, the proportion of foreign exchange earnings that exporters must sell (in rubles) will now be decided by the Russian government committee.
Putin signs bill on Legalization of parallel import of goods
According to CCTV, on June 28 local time, Russian President Vladimir Putin signed a bill on the legalization of parallel imports of goods. The bill, proposed by the Russian government, aims to authorize the government to determine commodities that do not apply the exclusive rights protection provisions. After the signing of the bill, Russian companies that import commodities without the permission of the right holder can be exempted from possible civil, administrative, and criminal liabilities.
Charge Commission on bank foreign exchange account
According to CCTV, a number of Russian banks said that they would begin to charge commissions on bank foreign exchange deposit accounts in accordance with relevant Russian regulations. The higher the number of deposits, the higher the commission ratio. If the customer's account exceeds 50000 euros, the excess part needs to be charged with a monthly commission of 0.2%, and the part exceeding 500000 euros needs to be charged with a monthly commission of 0.5%.
Simplify the procedures for foreign IT workers to apply for permanent residence
According to CCTV, the third reading of the Russian State Duma recently passed a bill on simplifying foreign IT workers' access to Russian residence permits. The act stipulates that qualified foreign IT professionals and their families can directly apply for a long-term residence permit without applying for a temporary residence permit.
East Community News
35% common foreign tariff will be adopted from July 1
According to the website of the Ministry of Commerce, Rwanda's new era reported that the Eastern European community held a ministerial retreat in Kenya on May 5. The meeting considered and approved that the fourth level of the common foreign tariff rate in the region would be adjusted to 35% from July 1. This range includes dairy and meat products, grains, cotton and textiles, steel, edible oil, beverages, and spirits.
the republic of Korea News
Import order inspection of processed food from silkworm chrysalis to China
According to the technical trade measures information network, on June 16, South Korea newly designated four Chinese production enterprises to export insect processed food produced from silkworm chrysalis as the object of import order inspection, and the inspection items are acid value, peroxide value, and Escherichia coli. The order inspection time is from June 27, 2022, to June 26, 2023.
Issue cabbage import inspection instructions
According to the technical trade measures information network, on June 21, the Ministry of food and drug safety (MFDs) of South Korea issued instructions on the import inspection of Chinese cabbage, which will implement the inspection of benzophenone items on Chinese cabbage in all countries.
Iran
Open automobile import
According to the business office of the Chinese Embassy in Iran, the Iranian news agency reported that the speaker of the Iranian parliament has officially announced a five-year vehicle import license to the Ministry of industry, mining, and trade. The Ministry of industry, mining, and trade will formulate regulations on automobile import, including import conditions, prices, emissions, and tariffs.
Sri Lanka News
Enterprises from oil-producing countries will be allowed to import and sell fuels in the country
According to the reference news network, Reuters news, as Sri Lanka is trying to cope with the large-scale shortage of gasoline and diesel, the Minister of electricity and energy Kanchana Vessella said on the 28th local time that enterprises from oil-producing countries will be allowed to import and sell fuel in Sri Lanka.
Algeria News
The importer must complete the bank registration procedures before importing
According to the business office of the Chinese Embassy in Algeria and the Algerian news agency, the Algerian Ministry of trade and export promotion issued a statement saying that importers of raw materials, products, and commodities for resale should complete bank registration procedures before starting trade procedures. Any imported goods that fail to complete the registration procedures will be refused entry into the country.
It is stipulated that the automatic import license is valid for one year
Algerian national radio recently reported that the new administrative order issued in official gazette No. 37 stipulates that the automatic import license is valid for one year. Relevant ministries and commissions should consult the Ministry of the trade before granting the license, and the Ministry of trade must reply within 10 days.
Importers of agricultural production materials are exempted from submitting documents issued by Alex
The Algerian Ministry of agriculture and rural development issued a statement saying that importers of materials used for resale and for agricultural production do not need to submit documents issued by the National Export Promotion Agency (regex) when going through bank registration procedures. Such materials mainly include seeds, seedlings, plant quarantine materials for agriculture, irrigation equipment, living animals, livestock food, drugs, etc.
Approve the new investment law
According to the Algerian news agency, the Algerian Council of Ministers recently approved a new investment law. This bill aims to complete the instructions of the president of the country on improving the investment and business environment to release market vitality and promote the diversification of the national economy, so as to safeguard the principles of freedom, transparency, and equality of investment.
Kazakhstan News
Increase import quotas of white sugar and raw sugar
According to the khabar24 TV channel, Kazakhstan's Agricultural Department said it would increase the import quota of white sugar and raw sugar. The validity period of the quota is from December 20, 2021, to September 30, 2022, and the quota scale will be expanded to 350000 tons (the current quota scale is 250000 tons).
U.S.A News
Terminate the anti-dumping measures against China's spiral spring lock washers
According to the China trade remedy information network, on June 13, the U.S. Department of Commerce announced that it would revoke the anti-dumping duty order on coil spring lock washers imported from the Chinese Mainland and Taiwan, and terminate the fifth sunset anti-dumping review investigation on coil spring lock washers imported from Chinese Mainland and Taiwan.
No anti-dumping duties will be levied on coupler systems and components of railway freight vehicles in China
On June 14, the U.S. International Trade Commission (USITC) voted to make a negative final determination of anti-dumping and countervailing industrial injury on the coupler systems and components of railway freight vehicles imported from China. According to this, the U.S. Department of Commerce will not issue anti-dumping and countervailing duties orders on the products involved in the case imported from China.
Passage of the maritime Reform Act
According to sohang.com, the US Congress passed the first major revision of the US container trade regulations on 1998 June 13. The act expands the supervision power of the Federal Maritime Commission (FMC) over container ship carriers, allowing FMC to investigate the commercial behavior of container shipping companies and take law enforcement measures by itself. The American Retail Federation (NRF) believes that the bill will help solve the problems of port congestion and inflation.
European Union News
Agreement on a single mobile charging port
According to CCTV News, Reuters, and a German news agency, the European Parliament and the European Council reached an agreement on a single mobile charging port on June 7. By the autumn of 2024, subtype-c will become a universal charging port for all mobile phones, tablets, and cameras in the EU.
Britain News
Lifting restrictions on Japanese food imports
According to NTV, Japanese government officials said that the UK plans to lift restrictions on Japanese food imports on June 29. After the Fukushima Daiichi nuclear power plant accident on April 29, Britain required mushrooms and some seafood from nine Japanese counties, including Fukushima and Miyagi, to be accompanied by radiation test certificates.
Cancel subsidies for plug-in hybrid vehicles
According to interface news, the British government announced on June 14 that it would cancel the 1500 pound subsidy for new buyers of plug-in hybrid vehicles. The subsidy was launched in 2011 to encourage Britons to abandon highly polluting diesel and gasoline vehicles. The UK government said it would focus on providing subsidies for the sale of new rechargeable electric taxis, motorcycles, vans, trucks, and wheelchair-accessible vehicles.
UK Singapore digital economy agreement comes into force
According to Singapore's Lianhe Zaobao, the Ministry of trade and industry of Singapore announced on June 14 that the UK Singapore digital economy agreement will enter into force on the same day. The report points out that the agreement can set a global benchmark for high-standard digital trade rules, benefit the people and enterprises of the two countries, and especially help small and medium-sized enterprises grasp more opportunities in the digital markets of the two countries.
Brazil News
Extend the tax exemption period for aircraft leasing business
According to the website of the Ministry of Commerce, Brazil's economic value reported that in order to reduce the high operating costs of airlines and restore the post-epidemic air transport industry, Brazilian president bosonaro approved the relevant bill (PLC) to extend the income tax exemption of aircraft and engine leasing business. The new regulations extend the period of the income tax deduction for aircraft leasing businesses to the end of 2023.
Canada News
Terminate the double reverse investigation of drill pipe in China
According to the China trade remedy information network, on June 3, the Canadian Border Service announced that it decided to terminate the anti-dumping and countervailing investigations on Chinese drill pipes from May 25. The products involved are petroleum drill pipes made of carbon steel or alloy steel with a nominal size of 2 × 40 inches (outer diameter of 60.3 mm) to 7 × 10 inches (outer diameter of 193.7 mm).
Jordan News
Increase export transport subsidies for agricultural products
According to the business office of the Chinese Embassy in Jordan, the Jordanian Times reported that the Jordanian Ministry of agriculture and the Jordanian enterprise development company announced that they would provide 50% subsidies for the transportation of agricultural products by sea and air. The subsidy will be implemented from June 21, and the scope of the subsidy covers the export products of local crops such as vegetables, fruits, and oils.
Launch an electronic information platform for import, export, and transit goods
The Jordanian Times reported on June 13 that the Jordanian General Administration of Customs launched the "pre-approval plan for import, export and transit goods on June 12 and launched a digital platform for import, export, and transit goods, aiming to shorten the release time of import and export goods and promote the facilitation of Customs cross-border trade.
Nepal News
Extend the collection of 100% cash deposit on imported betel nuts, peas, and peppers
According to the website of the Ministry of Commerce, Nepal's Republic newspaper reported that the Central Bank of Nepal extended the provision of charging a 100% cash deposit for imported betel nuts, peas, and peppers, which came into effect in June 9. A spokesman for the Central Bank of Nigeria said that as the government lifted import quota restrictions, the central bank required traders to pay cash deposits when opening letters of credit accounts.
Pakistan News
Or raise the tax rate of super tax to 7%
According to interface news, Pakistan's forum expresses quoted government sources as saying that the Pakistani government may increase the supertax by 3 percentage points to 7%, and increase the tax on the profits generated from loans to the government. Pakistan introduced a one-time super tax in 2015 and has continued to levy it every year since then.
the Philippines News
No safeguard measures for linear low-density polyethylene particles
According to the China trade remedy information network, on June 14, the Ministry of trade and industry of the Philippines announced that it would make a negative final ruling on the imported linear low-density polyethylene particles, terminate the investigation of its safeguard measures, and not implement safeguard measures.
Saudi Arabia News
Launch tax penalty exemption measures again
According to the business department of the Chinese Embassy in Saudi Arabia, the Saudi Economic News reported that in order to reduce the economic impact of the epidemic on institutions, Saudi Arabia once again launched tax penalty exemption measures. From June 1 to November 30, all taxpayers bound by the tax system will be canceled fines and exempted from punishment for a period of six months.
Madagascar News
Investigation of Safeguard Measures for imported coatings
According to the China trade remedy information network, on June 1, Madagascar's Investigation Authority launched a safeguard investigation on imported coatings. The products involved include water-based coatings and oil-based coatings. Unless otherwise extended (3 months), the final determination will be made within 9 months. According to the statistics of the Malaysian side, Egypt and South Africa are the main exporters of the products involved.
Namibia News
Foreigners' land ownership will usher in changes
According to the business office of the Chinese Embassy in Namibia, the Namibian Sun reported that the National Assembly held a public hearing to discuss the petition of the opposition land occupation movement (AR) for returning the land requisitioned by foreigners to Namibians. The Ministry of Agriculture said it would complete a new draft land bill in September this year, which would allow foreigners to own public land by renting.
Egypt News
Remove all entry restrictions on COVID-19
According to the business office of the Chinese Embassy in Egypt, the Egyptian cabinet announced that Egypt lifted all entry restrictions on COVID-19 on June 17, that is, it is no longer necessary to provide vaccination certificates or negative nucleic acid test certificates within 48 hours for entry into Egypt, and no longer carry out rapid nucleic acid testing at all ports of entry in Egypt.