Brief background
1. A new tax policy and commodity list were issued in 2016 that have significantly impacted the CBEC industry 2. Requirements for CFDA registration of special food and requirements to obtain a CCEC for goods imported via the bonded import model have reduced the regulatory gap between CBEC and general trade. 3.Direct import developed greatly in 2016 due to its exemption from positive list restrictions. 4. A number of new laws and regulations are on the horizon that is likely to further impact CBEC.
Brief background