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Attention! New Regulations For Foreign Trade Are Coming In April! Multi-country Adjustment Tariff

Attention! New Regulations For Foreign Trade Are Coming In April! Multi-country Adjustment Tariff

2021-04-07
Foreign trade person attention!

New rules on foreign trade that took effect in April include:


01. The United States extended the validity of additional tariffs on 99 products


In response to the COVID-19 outbreak, the Office of the United States Trade Representative (USTR) on December 22, 2020 released a list of four batches of medical products excluded from the expiration date extension. Decides to extend the validity of the exclusion of additional tariffs on four batches of medical protection products, involving 99 medical protection products, and the validity of the exclusion is January 1, 2021 solstice and March 31, 2021.


On March 5 local time, USTR continued to extend the validity of the exclusion list for the four lots, effective April 1, 2021, and effective through September 30, 2021.


02. The United States fully implements import core information data collection


On March 15, 2021 EDT, the U.S. Department of Agriculture's Animal and Plant Health Inspection Service (APHIS) issued a notice announcing the full implementation of APHIS Core Information Data Acquisition in the Automated Business Environment System (ACE) effective March 15, 2021.


Importers must submit the data of the regulated imports (e.g. imported plants, plant products, animal products and live dogs), otherwise the products will be prohibited from entering the country. APHIS regulated products cover 2,194 U.S. Commodity Tax Numbers.


03. Brazil lowered import tariffs on some capital goods, information and communications products


The Commission for Foreign Trade (CAMEX) of the Brazilian Ministry of Economy issued decisions 171, 172 and 173 on March 18, reducing the import duties of some capital goods, information and communication goods under more than 1,000 tariff lines. The reduction is mainly related to Chapter 84, and also includes some goods under Chapters 85, 86, 87, 89 and 90.


04. Brazil releases a new round of emergency aid


On March 18, Brazilian President Jairo Bolsonaro signed an interim decree to release emergency funds for the next round of epidemic relief in 2021. According to the regulations, the disbursements will start in April this year and will be for informal workers and participants of the country's "family allowance" scheme for poor residents.


The bailout will be distributed over four months, from April to July this year, and the amount will be adjusted according to the circumstances of each family. Overall, the average monthly payment is between 150 reais and 375 reais; In terms of disbursements, 45.6 million people across Brazil will receive the aid, down 22.6 million from 68.2 million in the middle of last year. It is also a significant drop from the 600 reais per person per month that was the norm in the middle of last year.


05. Latest regulations of Sokhna port, Egypt


The Government of Egypt will implement the "Advanced Cargo Information (ACI) Declaration" for all Cargo imported into Sokhna Port of Sukona, the consignee must first forecast the Cargo Information in the local system in order to obtain the ACI Number and provide it to the shipper, which is required to be mandatory to show on the bill of lading and manifest.


According to the regulations of this port, if the ACI Number cannot be provided, the goods will be forced to return to the port of destination and may be fined. At that time, all responsibilities and expenses will be borne by the shipper.


The new rules will come into effect on the arrival date of April 1, 2021.


For the goods in transit, please check the arrival information as soon as possible. If the arrival date is April 1st or later, please contact the consignee to replace ACI NO by yourself. Avoid return of goods and customs fines.


06. Tanzania implements new local inspection measures for imported vehicles


The Tanzania Bureau of Standards said local tests on imported vehicles began in early April. The Bureau of Standards has stopped providing PVOC (Pre-shipment Verification) to foreign inspection bodies since February 28, and all imported vehicles purchased after that date will have to be tested in Tanzania. The importer will pay the Bureau of Standards $150 per vehicle for testing.


The TSA said local testing of imported cars was carried out to increase government revenue. In the implementation of the pre-shipment inspection system, foreign inspection agencies will transfer 30% of the inspection fee to the Tanzanian government. Local testing will be carried out in the future, and all testing costs will be owned by the Tanzanian government.


07. The Eurasian Economic Union adjusted import tariffs on some products


The Council of the Eurasian Economic Commission recently adopted the following resolution:

The import tariff rate of some metallurgical graphite electrodes is set at 0% and the implementation period is 2 years;

The import tariff rate of oxalic acid used in rare earth smelting and pharmaceutical production will be lowered from 6.5 percent to 0 percent for two years;

Extend the zero import tariff rate of superabsorbent used in diaper production for 3 years;

It will raise the import duty on aluminum tape used in cans from 10% to 12% for a period of two years.


08. Uzbekistan temporarily lifts tariff on imported cement


Uzbek President Mirziyoyev signed a presidential decree suspending the imposition of tariffs on imported cement from April 1 to October 1, 2021, the Uzbek newspaper website reported recently.


09. Oman implements a 5% VAT


On 7 January 2021, the Oman Tax Authority announced an administrative decision to impose a 5% Value-Added Tax (VAT) with effect from 16 April 2021.


Zero VAT is payable on 94 items, including meat, fish, poultry, dairy products, eggs, fruits and vegetables, coffee beans, tea, cardamom, cereals, olive oil, sugar, baby food, bread, bottled water and salt. Services such as education, health care and financial services will be exempt from VAT.


From February 1, 2021 to March 15, 2021, taxpayers whose annual sales exceed or are expected to exceed 1 million RIR must register for VAT. Those who fail to register within the required time will face a fine.


10. Bangladesh has cracked down on money laundering in the trade sector


Under the Bangladesh Foreign Exchange Control Act (1947), the Ministry of Finance (MOF) on March 10 issued regulations to crack down on money laundering in the field of import and export trade. Businesmen who make false declarations on import, export and overseas investment activities will be sentenced to seven years' imprisonment.


Bangladesh's central bank on March 15 has asked commercial banks to follow instructions to track money-laundering crimes in the trade sector. The Bangladeshi government is drafting a new Foreign Exchange Management Bill, which will cover the latest management regulations.


According to the latest International Financial Integrity Report, 80% of money laundering crimes in Bangladesh are related to false invoicing. The report estimates that between 2008 and 2017, Bangladesh lost $7.53 billion in funds due to overinvoicing in the trade sector.


Invoicing and money laundering in the field of trade are associated with importers, exporters and the issuing bank of letters of credit. False quotation of import and export goods has thus become an important concern of the Bangladeshi government. The punishment for money laundering crimes in Bangladesh's Fiscal Year 2020/2021 Act is to impose a fine of more than twice but less than four times the amount evaded in respect of false declaration related to import, export and investment.


11. New FBA regulations for Amazon's UK site


Sellers of large items such as large appliances, bicycles and treadmills will be able to use Amazon Logistics on its UK site from April 1.


According to Amazon's announcement, the FBA will help improve logistics speed and customer satisfaction for large items. Sellers will be required to provide delivery plans and the expected footprint of the product. Sellers can see the notice of the platform on the product details page, and products that meet the standards can use FBA logistics after the new regulation takes effect. The new rules will apply to Europe's five largest countries -- the UK, Germany, France, Italy and Spain.


The new rules limit the size of goods to no more than 300cm in length and no girth (although France, Italy and Spain have a girth limit of 662cm). The weight of parcels delivered to the UK cannot exceed 140kg, while the upper limit in France is 300kg. Please refer to the official statement of Amazon in each region for details.


12. China will continue to implement some preferential tax policies in response to the epidemic until December 31


On March 23, the Ministry of Finance and the State Administration of Taxation issued an announcement on the continuation of some preferential tax policies in response to the epidemic, including tax policies to support the resumption of work and business of individual businesses and the development of the film industry.


Among them, the implementation period of the tax preferential policies stipulated in the Announcement of the State Administration of Taxation of the Ministry of Finance on the Policy of Supporting the Value-added Tax on Returning to Work and Business of Individual Industrial and Commercial Businesses has been extended to December 31, 2021. From April 1, 2021 to December 31, 2021, small-scale VAT taxpayers in Hubei Province shall be subject to the taxable sales income of 3% levied rate, and VAT shall be levied at 1% levied rate reduced; For the items of 3% advance VAT rate, the increment VAT rate of 1% will be reduced.


13. The 129th Canton Fair will be held online from April 15 to 24


The 129th China Import and Export Fair, or Canton Fair, will be held online for 10 days from April 15 to 24. The theme of this Canton Fair is basically the same as the last one. The export exhibition will have 50 exhibition areas according to 16 categories of commodities, and the import exhibition will have 6 exhibition areas. All exhibition areas will be online at the same time from the opening date. We will continue to set up exhibits display, supply, purchase and docking, cross-border e-commerce and other sections, and provide information display, instant communication, appointment and negotiation, trade matching, live marketing and other services.


The 129th Canton Fair will continue to exempt companies from participating in the fair, and no fees will be charged to cross-border e-commerce platforms participating in simultaneous events.


14. China has approved the RCEP


China has completed the ratification of the Regional Comprehensive Economic Partnership, or RCEP, and has become the first country to ratify the agreement, said an official from the international department of the Ministry of Commerce on March 22. In addition, Thailand has ratified the Agreement. All RCEP members have said they will ratify the agreement by the end of the year and push for its entry into force on January 1.


15. China further expands cross-border e-commerce retail import trials


With the approval of the State Council, on March 18, 2021, the Ministry of Commerce, the National Development and Reform Commission, the Ministry of Finance, the General Administration of Customs, the State Administration of Taxation and the State Administration of Market Regulation jointly issued the Circular on Expanding the Pilot Cross-border E-commerce Retail Import and Strictly Implementing the Regulatory Requirements (Shang Caifa [2021] No. 39, hereinafter referred to as the Circular).


"Notice" clear, cross-border electricity retail import pilot will extend to all of the free trade area, cross-border electricity in test areas, comprehensive bonded zones, import trade promotion innovation demonstration zone, bonded logistics center (type B) city (and area), the relevant city (area) after confirmed by the local customs in accordance with regulatory requirements, can be in accordance with the General Administration of Customs tax administration of the Ministry of Finance, the Ministry of Commerce, National Development and Reform Commission cross-border e-commerce retail market supervision administration of perfect import regulation about the job (business money is sent [2018] 486), Carry out online bonded import business (customs supervision code 1210). According to the notice, the pilot cities should take the main responsibility, strictly implement the regulatory requirements, and promptly investigate and punish the "online shopping bonded + offline self-promotion", secondary sales and other violations outside the special customs supervision zone, to ensure the smooth progress of the pilot and promote the healthy and sustainable development of the industry.


16. Notice on Further Giving Play to the Role of Export Credit Insurance to Accelerate the High-quality Development of Commerce


On March 12, the Ministry of Commerce and China Export Credit Insurance Corporation jointly issued the Notice on Further Giving Play to the Role of Export Credit Insurance to Accelerate the High-quality Development of Commerce. The Circular puts forward specific requirements for increasing accurate and effective support of export credit insurance to domestic and foreign trade enterprises from six aspects.


17. China provides visa facilitation to those vaccinated with vaccines made in China


In order to resume personnel exchanges between China and foreign countries in an orderly manner, starting from March 15, 2021, China will provide visa facilitation for foreign nationals who have been vaccinated with the Chinese-made COVID-19 vaccine and present vaccination certificates.


Personnel and their family members who come to China to engage in necessary work and production resumption activities in various fields may prepare materials and submit applications according to the requirements before the epidemic. Necessary resumption of work and production includes but is not limited to work, trade, visit, etc. Applicants can visit the website of the embassies and consulates for pre-epidemic visa application materials.


Simplifies the visa formalities will only apply to related facilities applies only to have been vaccinated against China's production of COVID - 19 (vaccination vaccine made in China and in accordance with the provisions, the time interval after 2 needle or full 14 days after China produces single-needle vaccine), and a visa vaccination certificate of the applicant, when submit an application no longer need to provide the nucleic acid testing negative proof and trajectory and health declaration form "travel" in the past 14 days.


However, China's requirement that passengers aboard flights to China must prove that the novel coronavirus nucleic acid test and serum antibody test are double negative will remain unchanged. After entering China, relevant personnel should abide by China's relevant regulations on quarantine observation.


The Chinese embassies and consulates in the United States, Japan, Pakistan, the Philippines, Israel, Thailand and Gabon have issued relevant notices. If the buyer wants to come to China in the near future, you can check the latest situation on the official website of the local embassy.


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