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  • Tariff Reduction and Exemption of Export Goods of Yiwu under the Free Trade Agreement

  • Source:Yiwu · China Commodity Index Author:Yiwu · China Commodity Index 2020-08-27
  •     According to the statistics of the customs, in the first half of this year, the Yiwu Customs have issued 69,273 preferential certificates of origin for various types of free trade agreements, with a total value of RMB 7.882 billion, with a year-on-year increase of 7.8% and 2.3% respectively, leading to the tariff reduction and exemption of export goods of Yiwu amounted to RMB 398 million. Among which, 30,169 preferential certificates of origin was issued under the China-ASEAN Free Trade Agreement, with the total value of RMB 4.494 billion, accounting for 43.55% of the total issuance of preferential certificates of origin. The issuance of preferential certificates of origin under China-South Korea Free Trade Agreement increased significantly, totally 25,591 certificates of origin with the value of RMB 1.645 billion was issued under this Agreement, with a year-on-year increase of 121.11% and 91.46% respectively.
        According to reports, the certificate of origin, also known as the “golden paper”, is the certificate for export goods to enjoy preferential tariff treatment in the importing country. After the outbreak of COVID-19, Yiwu customs quickly took measures to facilitate the customs clearance of foreign trade enterprises that have returned to work. “Quick check” of certificate of origin under China-South Korea and China-Australia Free Trade Agreement was realized through the introduction of automatic electronic  check. It vigorously promoted the self-service printing of certificate of origin to avoid personal contact, opened up a special emergency window to deal with the traffic control of goods in other countries due to the COVID-19 epidemic, and handled the audit and issuance of certificate of origin, as well as the change of destination port around the clock, thus ensure that the exported goods can complete customs clearance and enjoy tariff preference smoothly. In view of the situation that the original certificate of origin of the enterprise could not be sent to foreign countries in time due to the COVID-19 epidemic and the customs clearance of goods was frustrated in Indonesia, it reported to Indonesian Customs in a unified way and completed the customs clearance assistance for goods related to 72 certificates of origin.
        Meanwhile, Yiwu Customs increased the publicity of preferential policies, formulated personalized assistance programs according to the tariff reductions under free trade agreements, so as to ensure that enterprises can make full use of the preferential tariff policies under free trade agreements.