Next month, these new foreign trade regulations will be implemented! See which ones will affect your customers?

New foreign trade regulations in April

The General Administration of Customs adjusts the declaration requirements for import and export goods declaration forms;

Australia will cancel import tariffs on nearly 500 commodities;

The United States makes a preliminary anti-subsidy ruling on aluminum lithographic printing plates;

The European Union requires registration of electric vehicles imported from China;

Argentina fully liberalizes the import of some food and basic daily necessities;

Azerbaijan adjusts import tariffs on some products;

Uzbekistan imposes VAT on 76 imported medicines and medical supplies;

Uzbekistan will exempt import tariffs on multiple models of tractors;

India announced that it would reduce import tariffs on electric vehicles for certain car companies;

India imposes anti-dumping duties on a number of Chinese products;

The Central Bank of Bangladesh allows import and export transactions through counter-trade;

Turkey makes a preliminary ruling on safeguard measures on imported corrugated paper;

Mexico takes provisional measures on the preliminary anti-dumping ruling on concrete nails from China;

South Korea has stepped up its crackdown on illegal acts such as abuse of market position by cross-border e-commerce platforms;

South Korea has cracked down on illegal origin labeling of imported aquatic products.

The General Administration of Customs has adjusted the declaration requirements for import and export goods declaration forms

In order to further standardize the declaration behavior of consignees and consignors of import and export goods and streamline the relevant declaration columns, the General Administration of Customs has decided to adjust the relevant columns and some declaration items and their filling requirements of the "Customs Import (Export) Goods Declaration Form of the People's Republic of China" and the "List of Registration of Import (Export) Goods of the Customs of the People's Republic of China".

The announcement will take effect on April 10, 2024.

For details of the adjustment, please see:

http://www.customs.gov.cn/customs/302249/302266/302267/5758885/index.html

Australia will cancel import tariffs on nearly 500 items

The Australian government announced on March 11 that it will cancel import tariffs on nearly 500 items from July 1 this year, affecting daily necessities ranging from washing machines, refrigerators, dishwashers to clothing, sanitary napkins, bamboo chopsticks, etc.

Australian Finance Minister Chalmers said that this part of the tariff will account for 14% of the total tariff, which is the largest unilateral tariff reform in the past 20 years.

The specific product list will be announced in the Australian budget on May 14.

The United States makes a preliminary anti-subsidy ruling on aluminum lithographic printing plates

On March 1, 2024, the U.S. Department of Commerce issued an announcement to make a preliminary affirmative anti-subsidy ruling on aluminum lithographic printing plates imported from China, and preliminarily ruled that Fujifilm Printing Plate (China) Co., Ltd. (Fujifilm Printing Plate (China) Co., Ltd.) has a tax rate of 38.50%, Shanghai National Ink Co. Ltd. has a tax rate of 231.98% due to non-cooperation, and other producers/exporters have a tax rate of 38.50%. The U.S. Department of Commerce is expected to make a final anti-subsidy ruling on July 9, 2024.

This case involves products under US customs codes 3701.30.0000 and 3701.99.6060 and some products under 3701.99.3000 and 8442.50.1000.

EU requires registration of electric vehicles imported from China

According to a document released by the European Commission on March 5, EU customs will conduct a 9-month import registration of Chinese electric vehicles from March 6. The registration mainly involves new battery electric vehicles from China with 9 seats or less and driven only by one or more motors. Motorcycle products are not within the scope of the investigation. The notice said the EU had "sufficient" evidence that Chinese electric vehicles were receiving subsidies.

This means that if the EU's trade investigation concludes that Chinese electric vehicles have received unfair subsidies, they may be subject to retroactive tariffs.

Argentina fully liberalizes the import of some food and basic daily necessities

The Argentine government recently announced a full liberalization of the import of some basic basket products. The Argentine central bank will shorten the payment period for the import of food, beverages, cleaning products, personal care and hygiene products from the previous 30 days, 60 days, 90 days and 120 days in four installments to a 30-day one-time payment. In addition, it was decided to suspend the collection of additional VAT and income tax on the above products and medicines for 120 days.

These measures will encourage the import of basic basket products whose local prices are higher than international prices, thereby contributing to competition and reducing inflation and the price level of the above products. The main beneficiary products include: bananas, potatoes, pork, coffee, canned goods, cocoa products, pesticides, shampoo, diapers, etc.

Azerbaijan adjusts import tariffs on some products

Azerbaijan's "Trend" website reported that the Prime Minister's Office recently revised the import and export product list and the import tariff rates of some products, stipulating that the import tariffs on cattle, chicken, chicken, butter, mixed butter, whey oil, fresh and frozen tomatoes, cucumbers and gherkins, fresh grapes, apples, pears, some orange and other citrus juices, fruit juices, vegetable juice drinks, some energy drinks, industrial tobacco, unprocessed cigarette cores, and milk paste can be exempted for another two years. At the same time, the import tariff rate for almonds, dates, green onions and onions, peeled and washed hazelnuts, gypsum, anhydrous gypsum and some ceramic products will be adjusted to 15%.

Uzbekistan imposes VAT on 76 imported drugs and medical supplies

According to the 2024 Tax and Budget Law Amendment, Uzbekistan will cancel the VAT exemption for medical and veterinary services, pharmaceutical products, and medical and veterinary supplies from April 1 this year, and impose VAT on 76 imported drugs and medical supplies.

Uzbekistan will exempt import tariffs on multiple models of tractors

Uzbekistan Daily reported on March 9 that according to Presidential Decree No. 115 of March 5, 2024, multiple models of tractors will be exempted from tariffs before January 1, 2027 (HS code 8432 29 100 0, 8701 10000 0, 8701 91 100 0 and 8701 94 100). In addition, the presidential decree also provides a series of preferential policies for planting, animal husbandry and horticulture.

India announces reduction of import tariffs on electric vehicles for certain automakers

The Indian Ministry of Commerce and Industry issued a statement on March 15, announcing a reduction in import taxes on electric vehicles for companies that meet certain conditions.

To obtain tax breaks from the Indian government, companies must meet conditions such as investing at least 41.5 billion Indian rupees (about $500 million) and producing electric vehicles in local factories within three years. The statement said that for automakers that meet the conditions, imported electric vehicles with a landed price of more than $35,000 will enjoy a 15% tax break within five years. The ministry said that automakers that commit to investing more than $800 million can import up to 40,000 electric vehicles, with an annual import limit of 8,000 vehicles.

The Indian Ministry of Commerce and Industry said that the policy aims to attract world-renowned electric vehicle companies to invest in India's electric vehicle sector.

India imposes anti-dumping duties on a number of Chinese products

On March 14, 2024, the Indian Ministry of Finance's Taxation Bureau issued Notification No. 03/2024-Customs (ADD) stating that it accepted the Indian Ministry of Commerce and Industry's December 29, 2023, on printed circuit boards (PrintedThe final anti-dumping ruling made by the Indian Customs on Printed Circuit Boards (PCB) decided to impose anti-dumping duties for a period of 5 years based on CIF (cost, insurance and freight). The duties range from 0 to 75.72% for China and 30% for the Hong Kong Special Administrative Region. This case involves products under the Indian customs code 85340000. The anti-dumping measures in this case do not apply to the following printed circuit boards: 1. Printed circuit boards with more than 6 layers; 2. Printed circuit boards for mobile phone applications; 3. Populated printed circuit boards of various sizes; 4. Embedded copper block printed circuit boards; 5. Inlay printed circuit boards; 6. POFV circuit boards or Via-in-Pad circuit boards; 7. HDI circuit boards; 8. Rigid-flex PCBs; 9. Package substrates/IC package substrates. The measures will take effect from the date this notification is published in the official gazette.

On March 14, 2024, the Indian Ministry of Finance's Taxation Department issued a notification No. 06/2024-Customs (ADD), stating that it accepted the final anti-dumping ruling made by the Indian Ministry of Commerce and Industry on December 28, 2023 on self-adhesive vinyl (SAV) originating in or imported from China, and decided to impose a three-year anti-dumping duty on the Chinese products involved, with a tax amount of US$0 to US$1,865 per ton. The products involved are all types of self-adhesive vinyl made of PVC film with a thickness of more than 100 microns, and are only imported in rolls. Involving products under Indian customs codes 39199090, 39191000, 39199010, 39199020, 39209919, 39206929, 39219099. The following products are not subject to the anti-dumping measures in this case: self-adhesive films such as stickers, tapes, labels, pouches, pleated glue (PP), polyester resin (PET), thermoplastic polyurethane rubber (TPU), inkjet media (less than 50 microns), flat backdrops, fabrics, reflective films, metallized films, luminous films, hard soft glue (HDPE), floor marking tapes, acrylic, car self-adhesive films, as well as reflective films, sunscreen films and glass safety films, and self-adhesive products made of non-PVC films, such as polyester resin, artificial leather (PU), biaxially oriented polypropylene film (BOPP), etc. The measures will take effect from the date of publication of this notification in the official gazette.

Bangladesh Central Bank allows import and export transactions through countertrade

The Bangladesh Central Bank issued a guide to the countertrade process on March 10. From now on, Bangladeshi traders can voluntarily enter into countertrade arrangements with foreign merchants to offset import payments with goods exported from Bangladesh without having to pay in foreign currency. This system will promote trade with new markets and reduce foreign exchange pressure.

Turkey makes preliminary ruling on safeguard measures against imported corrugated paper

On March 20, 2024, the Turkish Ministry of Trade issued Announcement No. 2024/5, making a preliminary ruling on safeguard measures against imported corrugated paper, and preliminarily ruled to impose a temporary safeguard tax of US$200/ton on the products involved, with a validity period of 200 days. The implementation of the measures shall be subject to the relevant resolution of the President. The Turkish tax numbers of the products involved are 480511000000, 480512000000, 480519100000, 480519900000, 480524000000 and 480525000000. The announcement will take effect from the date of publication.

Mexico takes provisional measures in preliminary anti-dumping ruling on concrete nails from China

On March 15, 2024, the Mexican Ministry of Economy published an announcement in the official daily newspaper, deciding to make a positive preliminary anti-dumping investigation on concrete nails (Spanish: clavos de acero para concreto) originating from China, and impose a 31% provisional anti-dumping duty on the products involved. The TIGIE tax number of the product involved is 7317.00.99. The announcement will take effect from the day after it is published.

South Korea steps up crackdown on illegal activities such as abuse of market position by cross-border e-commerce platforms

On the 13th, the Fair Trade Commission, the antitrust enforcement agency of South Korea, issued the "Cross-border E-commerce Platform Consumer Protection Countermeasures", deciding to work with various departments to deal with behaviors that infringe on consumer rights such as selling counterfeit goods, and at the same time solve the problem of "reverse discrimination" suffered by domestic platforms.

Specifically, the government will strengthen supervision to ensure that cross-border and domestic platforms are treated equally in terms of legal application. While continuing to supervise violations of the Fair Trade Act such as restrictive competition and abuse of market position by domestic companies, it will also promote the amendment of the E-Commerce Act, requiring overseas companies above a certain scale to designate agents in China, so as to effectively fulfill consumer protection obligations.

South Korea cracks down on illegal origin labeling of imported aquatic products

The Ministry of Oceans and Fisheries of South Korea will jointly inspect the origin labels of imported aquatic products from March 11 to April 12 with the Coast Guard to crack down on illegal origin labeling of imported aquatic products.

In this special inspection, South Korea plans to use the circulation history information of imported seafood to conduct centralized inspections and crackdowns on more than 2,500 companies that operate key items such as live red snapper, live scallops, and fresh haddock with large import volumes and high inspection rates. False declaration of origin may result in imprisonment of up to 7 years or a fine of up to 100 million won. Failure to indicate the country of origin may result in a fine of 50,000 to 10 million won.

Source: Focus World

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