Apr. 24 – In order to enjoy zero tariffs under the Closer Economic Partnership Agreement (CEPA), goods exported from Hong Kong to Mainland China must fulfill the rules of origin and show evidence of being “made in Hong Kong.”
The execution of the rules of origin is detailed in the “Customs Provisions of the People’s Republic of China on Executing the Rules of Origin for Trade in Goods under the Mainland/Hong Kong Closer Economic Partnership Arrangement (haiguanshuling No.106, hereinafter refers as ‘Provisions’),” which was promulgated in December 2003 and came in effect from January 1, 2004. Continue reading
Dec. 21 – China’s Ministry of Finance recently published the “Tariff Implementation Plan 2012 (shuiweihui  No.27),” where it clarified both import and export tariffs on specific products for next year.
Over 700 types of products will be able to enjoy temporary tariff rates, most of which are lower than the most-favored-nation (MFN) tariff rates. Continue reading
Posted in FDI and Foreign Trade, Finance, Tax and Accounting, Legal and Regulatory, Regulatory Update
Tagged Asia Pacific Trade Agreement, China Customs Duty, China Export Tariff, China Import Tariff, China Tariff 2012, Closer Economic Partnership Agreement, Compound Duty, Conventional Tariff, Cross-straits Economic Cooperation Framework Agreement, Free Trade Agreement, Most Favored Nation Treatment, Preferential Tariff, Sliding Duty, Specific Duty, Temporary Tariff