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February new foreign trade regulations, please pay attention to check

Feb 20,2024

1. The new version of the Guidelines on Tax Policies for Steady Foreign Trade and Steady Foreign Investment was released.

In order to give full play to the function of taxation in supporting the work of stabilizing foreign trade and foreign investment, the State Administration of Taxation has sorted out and updated the current effective relevant tax support policies and collection and management service measures, and formed a new version of the "Guidelines on Tax Policies for Stabilizing Foreign Trade and Foreign Investment" and released it on January 15 to facilitate taxpayers to better understand and apply policies and create a good tax environment for the development of foreign trade and foreign investment.

According to the relevant person in charge of the Policy and Regulation Department of the State Administration of Taxation, the new version of the Guidelines on Tax Policies for Steady Foreign Trade and Steady Foreign Investment is divided into two major areas: stable foreign trade policy and stable foreign investment policy, including a total of 51 specific contents. Among them, 19 tax policies related to stable foreign trade include tax policies on export goods and services, value-added tax policies on cross-border taxable acts, tax policies on new forms of foreign trade, and measures to facilitate export tax refund (exemption) services. Tax policies related to foreign investment include 32 tax policies to encourage foreign investment.

2. The Ministry of Commerce announces the list of import and export license issuing institutions in 2024.

In accordance with the the People's Republic of China Foreign Trade Law, the the People's Republic of China Administrative Licensing Law, the Measures for the Administration of Goods Import Licenses, the Measures for the Administration of the Import of Mechanical and Electrical Products, the Measures for the Administration of the Import of Key Old Mechanical and Electrical Products, and the Measures for the Administration of Goods Export Licenses, the Ministry of Commerce announced The "List of Issuing Institutions for Import and Export Licenses in 2024" and related matters.

Visa Exemption between China and Singapore from 9th 3.2

On January 25, representatives of the Government of the Republic of the People's Republic of China and the Government of the Republic of Singapore signed in Beijing the Agreement between the Government of the Republic of the People's Republic of China and the Government of the Republic of Singapore on the Mutual Exemption of Visas for holders of Ordinary Passports. The agreement will enter into force on February 9, 2024 (Lunar New Year's Eve). At that time, ordinary passport holders of both sides can enter each other's country visa-free to engage in tourism, family visits, business and other private affairs, and stay for no more than 30 days. Those who enter the other country to engage in work, news reports and other activities that require prior approval and intend to stay in the other country for more than 30 days must obtain the corresponding visa before entering the other country.

4. Import and export of low-content triethanolamine mixture products without the need for dual-use items license

According to the relevant provisions of the regulations on the administration of the People's Republic of China monitored chemicals and the detailed rules for the implementation of the regulations on the administration of the People's Republic of China monitored chemicals, in order to improve the management efficiency of the import and export of monitored chemicals, it is now decided to optimize the regulatory measures for the import and export of some low-concentration triethanolamine mixtures from February 1, 2024. The relevant matters are hereby notified as follows:

Non-medical disinfectants, synthetic detergent powders, cosmetics, inks and other consumer goods with low triethanolamine content (see the annex for details) have controllable non-proliferation risks and do not belong to the "Dual-use Items and Technologies Import and Export License Management Catalogue" Controlled items under triethanolamine (customs commodity number 2922150000) and triethanolamine mixture (customs commodity number 3824999950) do not need to go through the import and export approval procedures for controlled chemicals, and do not need to go through the import and export licenses for dual-use of dual-use items and technologies.

5.USB-C becomes the common standard for electronic equipment in EU

The European Commission recently stated that USB-C will become the common standard for electronic equipment in the EU from 2024. The USB-C will serve as an EU universal port, allowing consumers to charge any branded device with any USB-C charger. The "universal charging" requirement will apply to all handheld mobile phones, tablets, digital cameras, headphones, portable speakers, handheld electronic game consoles, e-readers, earbuds, keyboards, mice and portable navigation systems. By 2026, these requirements will also apply to laptops.

6. Switzerland abolished industrial import tariffs to help companies reduce costs

Switzerland will eliminate import tariffs on industrial products from January 1, 2024, hoping to reduce costs for consumers and manufacturers.

The scope of application includes capital goods, raw materials, semi-finished products, machinery and other products, as well as consumer goods such as bicycles, household appliances and clothing, but it is not applicable to the import of agricultural products such as live animals, plants, seeds and animal feed.

Brazil imposes import tax on solar panels

The Executive Committee of the Brazilian Foreign Trade Commission decided to impose import duties on solar panels from January 1, 2024, and will resume import duties on 324 categories of related products within 60 days. In addition, Brazil has enacted a tax system reform bill with a view to simplifying the Brazilian tax system, while the Common External Tariff of Mercosur will also be reviewed.

As of January 1, 2024, imports of solar panels will be subject to a unified Mercosur tariff of 10.8 per cent. In order to adapt the market to the new regulations, GECEX has set up a tax-free quota that will decrease year by year until 2027. From January to June 2024, the quota is $1.13 billion; from July 2024 to June 2025; the quota is $1.01 billion; from July 2025 to June 2026, the quota is $0.717 billion; and from July 2026 to June 2027, the quota is $0.403 billion.

UAE bans import and trade of single-use plastic bags in Dubai

On December 31, 2023 local time, Crown Prince Hamdan of Dubai, UAE, issued a decree banning the import and trading of disposable plastic bags in Dubai from January 1, 2024.

This ban excludes the following cases: thin fresh-keeping bags for packaging meat, fish, vegetables, fruits, cereals, bread, etc., garbage bags, plastic bag products for export or re-export, etc.

It is understood that the Dubai government requires businesses to reduce the use of plastic products and disposable products, and must provide customers with reasonable prices and recyclable alternatives to disposable plastic bags. Practitioners who violate the ban will face a fine of 200 dirhams (about 386 yuan).

9. Indonesia to relax the import tax policy of electric vehicles

President Joko of Indonesia issued Presidential Decree No. 79 of 2023. The relevant regulations stipulate that the government will provide financial incentives to importers of pure electric vehicles in the form of exemption from import duties and luxury goods sales tax. At the same time, the local component index (TKDN) for electric vehicles will be adjusted. Among them, the TKDN index for electric two-wheel/four-wheel vehicles will reach the target of at least 40%, which must be adjusted from 2024 to 2026.

Specific standards are as follows:

For electric two-wheeled/three-wheeled vehicles: TKDN at least 40% from 2019 to 2026; TKDN at least 60% from 2027 to 2029; TKDN at least 80% in 2030 and beyond.

② For electric vehicles with four wheels and above: TKDN will reach at least 35% from 2019 to 2021; TKDN will reach at least 40% from 2022 to 2026; TKDN will reach at least 60% from 2027 to 2029; and TKDN will reach at least 80% in 2030 and beyond.

10. Bangladesh Allows Deferred Payment for Some Goods Imported

Bangladesh's "Financial Express" reported on January 12 that the Central Bank of Bangladesh issued a notice proposing that in order to stabilize prices during Ramadan, eight key commodities are allowed to be imported in the form of deferred payment, including edible oil, chickpeas, onions, sugar and other consumer goods and some Industrial raw materials.

The facility will provide traders with 90 days to pay for imports.

South Korea Releases 2024 Customs Inspection Plan for Imported Food

On January 11, 2024, the South Korea Ministry of Food and Drug (MFDS) released the 2024 Customs Inspection Plan for Imported Food to ensure the safety and quality of food during the import (customs clearance) stage, strengthen safety management, and support the efficient operation of the inspection system and timely customs clearance. The main contents are as follows:

(1) The formulation and operation of the customs inspection plan for imported food in 2024.

a) Expanding planning inspection objectives: the scope of planning inspection will be expanded to include seasonal high-consumption food materials (red snapper, yellow croaker, etc.) and confectionery products that arouse children's curiosity through toys;

B) Expanding the inspection items of veterinary drugs for animal husbandry and aquatic products: the detection of veterinary drugs for cattle, pork, chicken, eggs and fish has been expanded from about 70 to about 150;

c) Strengthen on-site inspection: focus on false declaration of processed food or agricultural products for the purpose of customs arbitrage, sensory inspection of agricultural and forestry products expanded from 21 to 24 items, such as red pepper, coffee beans, coriander, astragalus, sesame, etc.; false declaration items (5 items): sesame, frosted seeds, peanuts, rice, mung beans; in addition, on-site inspection of imported seafood that may deceive consumers will be expanded;

(2) Promote the improvement of the customs inspection system for imported food.

a) Shorten the inspection cycle of livestock products;

B) expand the scope of expedited customs clearance for planned imported goods: in order to ensure a stable supply of food raw materials, the "expedited customs clearance system for planned imports", which was originally only applicable to goods imported by excellent importers, self-produced refined processing raw materials, edible flavors and other commodities, is now extended to raw materials used to manufacture exported food; In addition, a tracking management system will be established for those who are approved for urgent customs clearance through false or fraudulent means.

12. Uzbekistan will strengthen the quality inspection of imported photovoltaic panels

On January 11, the cabinet of Uzbekistan passed the decree on promoting the development of renewable energy and related regulatory measures, stipulating that imported equipment and materials related to the utilization of renewable energy should be provided with 120-day interest-free deferred customs tax treatment, and the interest-free deferred period for importers with no bad record of violation in the past three years should be extended to 6 months. At the same time, further strengthen the quality control of relevant imported equipment, since March 1, the import of photovoltaic power generation panels without quality grade is prohibited, and relevant departments are required to establish laboratories to evaluate whether imported renewable energy equipment meets the requirements of technical regulations.

13. India CBIC requires BIS registration and random sampling of imported electronic products

India's Central Indirect Tax and Customs Commission (CBIC) recently issued Decree No. 28 of 2023, requiring mandatory BIS registration and random sampling of imported electronic products and IT products (including LED products and control devices) in accordance with the Electronic and Information Technology Products (Compulsory Registration Requirements) Order issued in 2012.

Specific implementation requirements are as follows:

1. In all cases, customs officials should check the product registration in the system.

2. The risk management system shall randomly select consignments for sampling and prompt customs officers with inspection instructions.

3. The samples taken shall be sent to a BIS accredited laboratory to test the product for the limited defined non-destructive safety parameters in the applicable IS standards.

4. For sampled goods, only when the sample meets the standard requirements of the parameters defined in the test report provided by the BIS accredited laboratory, the release instruction (OOC) should be provided.

If the sample taken does not meet the requirements of the standard, such consignment can be returned or destroyed at the importer's expense in accordance with the current rules.

14. Technical Regulation of Georgia on Food Contact Ceramics

Recently, Georgia issued Resolution No. 446, approving the technical regulations on food contact ceramics. A number of important provisions are as follows:

The test conditions and requirements for lead and cadmium migration were developed;
A detailed description of the Declaration of Conformance (DoC) requirements for manufacturers and importers of finished food contact ceramics;
Designated labeling information (Article 10 of Resolution No. 317 of June 5, 2018: on food contact materials and articles);
Emphasis is placed on the traceability requirement (article 12 of resolution 2018).

The specific requirements for migration limits of lead and cadmium are as follows:

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