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The General Administration of Customs has revised the rules of origin under CEPA for Hong Kong
In order to further promote economic and trade exchanges between the Chinese mainland and Hong Kong, in accordance with the relevant provisions of the Goods Trade Agreement under the Mainland and Hong Kong Closer Economic Partnership Arrangement, the General Administration of Customs has revised the origin criteria for HS Code 0902.30 in Annex 1 of Announcement No. 39 of the General Administration of Customs in 2022. The new criteria will come into effect on July 1, 2023.
Decoding CCC Certification: The Compliance Passport for Imported Chemical Pigment Pastes!
A comprehensive guide to the 3C certification process for imported chemical pigment pastes, covering necessity, scope of application, detailed steps, related costs, and precautions to facilitate smooth entry into the Chinese market.
Anti - Dumping Investigation
enterprises can also strengthen cooperation with foreign enterprises
The EU has revised the import requirements for products such as honey, meat, and gelatin capsules
Recently, the EU issued Notification G/SPS/N/EU/631, amending and correcting Commission Delegated Regulation (EU) 2022/2292 concerning requirements for honey, meat, highly refined products, gelatin capsules, and aquatic products entering the EU. Below are the main amendments:
Chinas Import and Export Data for the First Five Months Released: What is the Export Outlook?
Data recently released by the General Administration of Customs shows that in the first five months of this year, Chinas total value of imports and exports reached 16.77 trillion yuan, a year - on - year increase of 4.7%. Among them, exports were 9.62 trillion yuan, an increase of 8.1%; imports were 7.15 trillion yuan, an increase of 0.5%; and the trade surplus was 2.47 trillion yuan, an expansion of 38%.
The Asian Clearing Union Will Launch a New Cross - border Financial Settlement System
The latest news shows that the Asian Clearing Union (ACU) - a regional multilateral trade clearing institution composed of nine Asian countries - plans to launch a new cross - border financial settlement system in June this year. This system is regarded as an alternative to the Society for Worldwide Interbank Financial Telecommunication (SWIFT) system.
The US Supply Chain Crisis Worsens: Double Blow of Truck Driver Shortage and Port Strike
Recently, the pressure from the US supply chain crisis has further intensified. On one hand, nearly 130,000 US truck drivers have been banned from driving due to drugged driving, with a significant portion of those who failed the test not participating in return-to-work programs, resulting in continued severe driver shortages in the trucking industry. On the other hand, a new round of strike actions by West Coast port workers has disrupted cargo operations at major US West Coast ports, with some ports even closed due to the strikes.
Analysis of New Regulations and Standards for Export Supervision Warehouses
Recently, the General Administration of Customs issued the Decision on Amending Some Rules (Order No. 263 of the General Administration of Customs), making a series of amendments to the Measures of the Customs of the Peoples Republic of China for the Administration of Export Supervision Warehouses and the Goods Stored Therein (issued by Order No. 133 of the General Administration of Customs, and amended in accordance with Orders No. 227, 235, 240, and 243 of the General Administration of Customs). These amendments came into effect on July 1, 2023. To help enterprises better understand and adapt to these changes, we have carried out a detailed interpretation of these amendments.
EU Releases Tariff Reform Proposal, Plans to Abolish Tax-Free Policy for Imported Goods Below €150
On May 17, 2023, local time Wednesday, the European Commission officially released the proposal titled EU Customs Reform: A Data-Driven Vision for a Simpler, Smarter, and Safer Customs Union, marking the most comprehensive reform of the EU Customs Union since its establishment in 1968.
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