May 09, 2024

Industry Reminder: Export ASEAN should bid for the **** book

Under the background of the completion of the China-ASEAN Free Trade Area, more and more domestic companies have begun to vigorously dig up the ASEAN market. However, many domestic enterprises are still not aware of how to bid for the China-ASEAN Free Trade Area Statement, and thus cannot enjoy the “zero tariff” benefits brought by the completion of the free trade zone.

****A book, or a certificate of origin, is a document that certifies the origin of goods. It is the "economic nationality" and "**" of commodities entering the world of international trade. Its main role is to determine the tax rate as the customs of the importing country. The basis of treatment. China's exports of goods originating from ASEAN countries that enjoy preferential tariffs must be issued by a designated government department in China (AQSIQ and its local entry-exit inspection and quarantine agencies) to be used exclusively in the "China-ASEAN Free Trade Area". * Book (FORM-E). After the enterprise completes the registration at the local entry-exit inspection and quarantine department, it can apply for issuance of the FORM-E certificate. It should be noted that the FORM-E certificate must be submitted to the customs of the importing country within 4 months from the date of issuance, and special circumstances can be extended to 6 months. Exporters of products that meet the conditions for enjoying preferential treatment should submit an application for the **** book to the inspection and quarantine agency in writing, and must also submit relevant documents (such as invoices for related materials such as raw materials, parts and finished products). After receiving the application, the inspection and quarantine agency will review each item to see whether it meets the requirements. After passing the inspection, it will issue the “China-ASEAN Free Trade Area” book.

It is understood that on July 20, 2005, China and ASEAN officially began to give preferential tariff treatment to more than 7,000 kinds of products originating from each Other. This indicates that the China-ASEAN Free Trade Area has entered a substantive stage of construction. The average tax rate of China against ASEAN countries has dropped from 9.9% to 8.1%. After 2007, the tax cuts of the two sides have been further accelerated. On January 1, 2010, China eliminated tariffs on 93% of ASEAN countries' products, and ASEAN also implemented "zero tariffs" on more than 90% of China's products. To enjoy the "zero tariff" in the free trade zone, it is necessary to handle the China-ASEAN Free Trade Area. However, not every Chinese company has a sense of dealing with books, which leads exporters to miss the preferential tariff treatment they would otherwise enjoy.

In addition, each **** book has corresponding tax reduction arrangements and preferential programs. Therefore, the Guangxi Entry-Exit Inspection and Quarantine Bureau reminded foreign trade companies that they should understand their specific requirements when exporting to the ASEAN market in order to obtain preferential tariff treatment. According to statistics, in 2009, the Guangxi Entry-Exit Inspection and Quarantine Bureau issued a total of 41601 **** books, with a visa amount of US$225.50 million, and the tariff concession concessions of approximately 82.55 million yuan. From January to August 2010, the Bureau issued a total of 28,620 visas with a total amount of USD 135.62 million and can enjoy tariff reduction concessions of approximately RMB 39.6 million.

According to reports, based on the non-reciprocity and dynamics of the GSP, developed countries will eventually shut down the GSP that was originally open to China. The tariff preferences of regional trade agreements are reciprocal and reciprocal, and products encounter few technical barriers, which will become a long-term trend of world economic and trade development.

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