Free Trade Policy Helps Reduce or Exempt Customs Duty About $20 Million for Many Enterprises Including Abrasives

Recently, reporters learned from Zhengzhou Entry-Exit Inspection and Quarantine Bureau that in the first half of this year, they issued all kinds of free trade area preferential certificates of origin about 8504, and visa amount about $401 million, with year-on-year growth of 42.72% and 2.82%. According to the tax reduction of 5%, it can help the related export products enjoy reducing or exempting customs duty about $20 million, including abrasives enterprises.

Free Trade Agreement preferential certificates of origin of China-ASEAN, China and South Korea and China-Australia respectively rank the top three in their different visas. Among them, China-ASEAN Free Trade Agreement preferential certificates of origin issued are 3442, about $205.7048 million, whose main benefited products include mixer, bearings, hydraulic cylinder; China and South Korea Free Trade Agreement preferential certificates of origin issued are 1797, about $79.3428 million, whose main benefited products include refined copper pipe, brown fused alumina, ferrosilicon, silicon carbide and refractory, etc.; China-Australia Free Trade Agreement preferential certificates of origin issued are 739, about $26.2749 million, whose main benefited products include refractory products, glass products, ceramic tableware, etc.

In order to better serve China's policy "Going out", in the first half of this year, they strengthen the propaganda and guidance for some enterprises within their respective jurisdictions, especially in equipment manufacturing and traditional labor-intensive enterprises, by multi-channel multi-channel continuously, and making the focal points stand out. For some high credit rating of large and medium-sized export enterprises, they implement the "one enterprise with one policy", and set up enterprise service to carry out the "peer-to-peer" precise support.

At the same time, within the scope permitted by the general administration of quality supervision, they issue eight policies benefiting companies, which are related to enterprise registration, application of products, enterprise statement, visa survey, etc., further improving the decentralization, efficiency. And it is more convenient for many export enterprises.