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According to a circular1 released by China’s State Council on June 29, China plans to pilot higher standards and propel institutional opening-up in some conditioned Free Trade Zones and Hainan Free Trade Port. Measures raised in this circular cover six aspects, namely, goods trade, service trade, temporary entry of business personnel, digital trade, business environment, and risk prevention & control.
Key takeaway points that may be close to your business include:
The Customs in pilot areas shall not refuse to grant preferential tariff treatment solely because of the minor differences between documents or the minor error in the certificate of origin, including the printing error, typing error and the omission of non-critical information.
Provided that the air cargo or express cargo has met the customs regulatory requirements and completed the necessary quarantine procedures, and all necessary customs documents have been submitted, the Customs in pilot areas shall release the cargo within 6 hours after arrival under normal circumstances.
Provided that the goods have met the relevant laws, regulations, and requirements of China and completed the necessary quarantine procedures, the Customs in pilot areas shall release the goods as far as they can within 48 hours after the goods arrived after the enterprise submits all information required for clearance.
If the tariff, other import-related taxes, and fees have not been determined before (including upon) the arrival of the goods, but the goods meet the release conditions in other respects, and the guaranty has been provided to the Customs or the dispute payment procedures have been fulfilled as required, the Customs in pilot areas shall release the goods.
In pilot areas, it is allowed to import wines that contain the following descriptive or adjectival terms on their product labels: chateau, classic, clos, cream, crusted/crusting, fine, late bottled vintage, noble, reserve, ruby, special reserve, solera, superior, sur lie, tawny, vintage, or vintage character.
Please note:
The above policies are applicable to Hainan Free Trade Port and pilot Free Trade Zones in Shanghai, Guangdong, Tianjin, Fujian and Beijing.
Relevant provincial-level governments where the pilot areas are located will further break down the tasks and accelerate the implementation of these pilot measures. For situations where specific opinions, methods, rules, and plans needed to be formulated, the involved provincial-level governments will complete these rules within one year from the issuance date of this circular to ensure the implementation and effectiveness.
View full text of this circular here.
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