Policy focus
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China responds to the EU's announcement of tariffs on Chinese car companies
According to CCTV news, the European Commission imposed tariffs on three sampled Chinese car manufacturers: BYD 17.4%, Geely 20%, SAIC 38.1%. Other battery-electric vehicle manufacturers in China that participated in the survey but have not been sampled will be subject to a weighted average tax of 21%.
Source: Global Times 2024-06-14 -
The Ministry of Commerce and other 9 departments issued the Opinions on Expanding Cross-border E-commerce Exports and Promoting the Construction of Overseas Warehouses
According to the website of the Ministry of Commerce, nine departments including the Ministry of Commerce issued the Opinions on Expanding cross-border e-commerce exports and Promoting the Construction of Overseas Warehouses, which are as follows: Driven by scientific and technological innovation, cross-border e-commerce actively uses new technologies, ADAPTS to new trends, and cultivates new drivers of foreign trade in new forms and models. It works in synergy with overseas warehouses and other new foreign trade infrastructure, which can reduce intermediate links and direct access to consumers, promote the optimization of foreign trade structure, stabilize the scale, and create new advantages in international economic cooperation. It has become an effective force in the development of foreign trade and an important trend in the development of international trade. To expand cross-border e-commerce exports, optimize overseas
Source: CCTV network 2024-06-12 -
One year after full entry into force, RCEP has delivered a brilliant report card
The Regional Comprehensive Economic Partnership (RCEP) is the world's largest free trade agreement covering the largest population and economic scale, and more than 90 percent of goods trade within the region will eventually achieve zero tariffs.
Source: CCTV News client 2024-06-06 -
Three departments to adjust the car and ship tax preferential policy automotive product technical requirements to come
It is learned from the Ministry of Industry and Information Technology that from July 1, 2024, the Ministry of Industry and Information Technology, the Ministry of Finance, the State Administration of Taxation and other three departments will adjust the product technical requirements for energy-saving and new energy vehicles and vessels to enjoy vehicle and vessel tax incentives. Relevant energy-saving and new energy vehicles need to meet certain conditions in order to enjoy preferential policies.
Source: CCTV News client 2024-06-05 -
The latest announcement! We will suspend tariff concessions for imports of 134 tax items from the Taiwan region
On May 31, the Tariff Commission of The State Council issued an announcement on the suspension of tariff concessions for some products (the second batch) of the Economic Cooperation Framework Agreement between the Two Sides of the Taiwan Straits. The Taiwan region has unilaterally adopted discriminatory prohibitions and restrictions on the export of products from the mainland, which violates the provisions of the Economic Cooperation Framework Agreement across the Taiwan Straits. On December 21, 2023, the Customs Tariff Commission of The State Council issued the Tax Commission Announcement No. 9, 2023, suspending the tariff reduction of some products under the Economic Cooperation Framework Agreement between the Two Sides of the Taiwan Straits, but Taiwan has not taken any effective measures to cancel trade restrictions on the mainland.
Source: Ministry of Finance website 2024-06-03 -
Announcement of the Equipment Development Department of the Central Military Commission of the General Administration of Customs of the Ministry of Commerce No. 21 of 2024 on the implementation of export control of the relevant items
In accordance with the relevant provisions of the Export Control Law of the People's Republic of China, the Foreign Trade Law of the People's Republic of China and the Customs Law of the People's Republic of China, with the approval of The State Council and the Central Military Commission, the following items are subject to export control in order to safeguard national security and interests and fulfill international obligations such as non-proliferation.
Source: Ministry of Commerce website 2024-05-31 -
New measures were introduced in six areas to give greater play to the role of export credit insurance
Beijing, May 20, learned from the Ministry of Commerce, the Ministry of Commerce, China Export and Credit Insurance Corporation recently jointly issued the "On Giving full play to the role of export credit insurance, Solid Promotion of high-quality trade Development and Accelerate the construction of trade power", to guide local commerce authorities and Citic insurance company business institutions to make full use of export credit insurance policy tools.
Source: Xinhua 2024-05-27 -
The person in charge of the Department of Foreign Investment and Economic Cooperation of the Ministry of Commerce interprets the Measures for the Record Filing and Project Establishment of Foreign Contracted Engineering Projects
Recently, the Ministry of Commerce issued the "Measures for the Administration of the Filing and Establishment of Foreign Contracted Engineering Projects" (Ministry of Commerce Decree No. 2 of 2024, hereinafter referred to as the "Measures"), which will come into effect on July 1, 2024. The person in charge of the Department of Foreign Investment and Economic Cooperation of the Ministry of Commerce made an understanding of the Administrative Measures.
Source: Business micro news 2024-05-21 -
The Ministry of Finance and other three departments issued a notice on the continuation of the implementation of the preferential tax policy for imported exhibits sold during the China Import and Export Commodity Trade Exhibition
In order to support the success of the China Import and Export Commodity Fair (hereinafter referred to as the Canton Fair), with the consent of The State Council, the Ministry of Finance, together with the General Administration of Customs and the State Administration of Taxation, issued the Notice on the Continuation of the Preferential Tax Policy on Imported Exhibits Sold during the Exhibition Period of China Import and Export Commodity Trade (hereinafter referred to as the Notice). The Notice clearly states that for the Canton Fair held from 2024 to 2025, the preferential tax policy for imported exhibits of the 2023 Canton Fair will continue to be implemented, and the policy content and list will remain unchanged, as follows: For the Canton Fair held from 2024 to 2025, imported exhibits sold within the duty-free quota determined by the Ministry of Commerce during the exhibition period will be exempted from import customs
Source: China Industrial Economic Information Network 2024-05-15 -
China and Serbia sign the Memorandum of Understanding between the Ministry of Commerce of the People's Republic of China and the Ministry of Internal and External Trade of the Republic of Serbia on E-commerce Cooperation
5月8日,在国家主席习近平访问塞尔维亚期间,中国商务部部长王文涛与塞尔维亚内外贸易部部长托米斯拉夫·莫米罗维奇在贝尔格莱德共同签署了《中华人民共和国商务部和塞尔维亚共和国内外贸易部关于电子商务合作的谅解备忘录》。
Source: Department of Electronic Commerce, Ministry of Commerce 2024-05-09