the latest information on the new foreign trade re (1)
The latest information on the new foreign trade regulations in January, many countries have updated the regulations on import and export products
In January 2023, a number of new foreign trade regulations will be implemented, involving import and export product restrictions and customs tariffs in the EU, the United States, Egypt, Myanmar and other countries.
#New regulations on foreign trade starting from January 1. Vietnam will implement the new RCEP rules of origin from January 1. 2. From January 1 in Bangladesh, all goods passing through Chittagong will be transported on pallets. 3. Egypt Suez Canal ship tolls will be raised from January 4. Nepal cancels cash deposits for imports of construction materials 5. South Korea lists fungus made in China as the object of import orders and inspections 6. Myanmar issues regulations on the import of electric vehicles 7. The European Union must use them uniformly starting in 2024 Type-C charging interface 8. Namibia uses the Southern African Development Community electronic certificate of origin 9. 352 items exported to the United States can continue to be exempted from tariffs 10. The EU prohibits the import and sale of products suspected of deforestation 11. Cameroon will impose taxes on some imported products tariff.
1. Vietnam will implement the new RCEP rules of origin from January 1
According to the Economic and Commercial Office of the Chinese Embassy in Vietnam, the Ministry of Industry and Trade of Vietnam recently issued a notice to revise the relevant regulations on the rules of origin of the Regional Comprehensive Economic Partnership Agreement (RCEP). The list of product-specific rules of origin (PSR) will use the HS2022 version code ( Originally HS2012 version code), the instructions on the back page of the certificate of origin will also be revised accordingly. The notice will come into effect on January 1, 2023.
2. From January 1 in Bangladesh, all goods passing through Chittagong Port will be transported on pallets. Cartons of goods (FCL) must be palletized/packed according to appropriate standards and be accompanied by shipping marks. Authorities have expressed their willingness to take legal action against non-compliant parties under the CPA regulations, effective from January next year, which can require customs inspections.
3. Egypt will increase the Suez Canal ship tolls starting in January According to Xinhua News Agency, Egypt's Suez Canal Authority previously issued a statement saying that it will increase the Suez Canal ship tolls in January 2023. Among them, the tolls for cruise ships and ships transporting dry cargo will be increased by 10%, and the tolls for the rest of the ships will be increased by 15%.
4. Nepal cancels the cash deposit for the import of building materials and mandatory cash deposits for the import of materials such as roofing materials, public building materials, aircraft and stadium seats, while opening letters of credit to importers. Previously, due to the depletion of Nigeria's foreign exchange reserves, NRB last year required importers to maintain a cash deposit of 50% to 100%, and importers were required to deposit the corresponding amount in the bank in advance.
5. South Korea lists Chinese-made fungus as the object of import order inspection According to the China Chamber of Commerce for Import and Export of Foodstuffs, Native Produce and Livestock, on December 5, the Korean Ministry of Food and Drug Safety designated Chinese-made fungus as the object of import order inspection, and the inspection items were 4 kinds of residual pesticides (Carbendazim, Thiamethoxam, Triadimefol, Triadimefon). The inspection order period is from December 24, 2022 to December 23, 2023.
6. Myanmar releases electric vehicle import regulations According to the Economic and Commercial Office of the Chinese Embassy in Myanmar, the Ministry of Commerce of Myanmar has specially formulated electric vehicle import regulations (for trial implementation), valid from January 1 to December 31, 2023. According to the regulations, electric vehicle import companies that have not obtained the license to open a sales showroom must abide by the following regulations: the company (including Myanmar companies and Myanmar-foreign joint ventures) must be registered with the Investment and Company Administration (DICA); A sales contract signed by an imported brand car; it must be approved by the National Leading Committee for the Development of Electric Vehicles and Related Industries. At the same time, the company must deposit a guarantee of 50 million kyats in a bank approved by the central bank and submit a guarantee letter issued by the bank.
7.The European Union must uniformly use Type-C charging ports from 2024. According to CCTV Finance, the European Council has approved that all types of electronic devices such as mobile phones, tablets, and digital cameras sold in the EU must use Type-C C charging interface, consumers can also choose whether to purchase an additional charger when purchasing electronic equipment. Laptops are allowed a 40-month grace period to use the unified charging port.
8. Namibia launched the Southern African Development Community Electronic Certificate of Origin According to the Economic and Commercial Office of the Chinese Embassy in Namibia, the Taxation Bureau has officially launched the Southern African Development Community Electronic Certificate of Origin (e-CoO). The tax bureau stated that from December 6, 2022, all exporters, manufacturers, customs clearance agencies and other relevant parties can apply for the use of this electronic certificate.
9. 352 items of goods exported to the United States can continue to be exempted from tariffs. According to the latest statement issued by the Office of the United States Trade Representative on December 16, the tariff exemption applicable to 352 items of Chinese goods originally scheduled to expire at the end of this year will be extended for nine months. September 30, 2023. The 352 items include industrial components such as pumps and motors, some auto parts and chemicals, bicycles and vacuum cleaners. Since 2018, the United States has imposed four rounds of tariffs on Chinese products. During these four rounds of tariffs, there have been different batches of tariff exemptions and the extension of the original exemption list. Now that the United States has successively expired several batches of exemptions for the first four rounds of additional list, as of now, there are only two exemptions left in the list of commodities that are still within the validity period of the exemption: one is the list of exemptions for medical and epidemic prevention supplies related to the epidemic; This batch of 352 exemption lists (the Office of the United States Trade Representative issued a statement in March this year stated that the re-exemption of tariffs on 352 items imported from China applies to imports from October 12, 2021 to December 31, 2022. Chinese products).
10. The EU prohibits the import and sale of products that are suspected of deforestation. Huge fines. The EU requires companies that sell these products on the market to provide certification when they pass through the European border. This is the responsibility of the importer. According to the bill, companies that export goods to the EU must show the time and place of production of the goods, as well as verifiable certificates. information, proving that they were not produced on land that has been deforested after 2020. The agreement covers soy, beef, palm oil, timber, cocoa and coffee, as well as some derived products including leather, chocolate and furniture. Rubber, charcoal and some palm oil derivatives should also be included, the European Parliament has asked.
11. Cameroon will levy tariffs on some imported products. The draft "Cameroon National Finance Act 2023" proposes to levy tariffs and other tax items on digital terminal equipment such as mobile phones and tablet computers. This policy is mainly aimed at mobile phone operators and does not include short-term stay passengers in Cameroon. According to the draft, mobile phone operators need to make entry declarations when importing digital terminal equipment such as mobile phones and tablet computers, and pay customs duties and other taxes through authorized payment methods. In addition, according to this bill, the current tax rate of 5.5% on imported beverages will be increased to 30%, including malt beer, wine, absinthe, fermented beverages, mineral water, carbonated beverages and non-alcoholic beer.