CNInsights
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New progress in mutual recognition of AEO (2)—Customs side
Announcement No.6 of General Administration of Customs in 2022 ● It will be implemented on January 26th, 2022. ● China-Uruguay Customs “Certified Operator” ● (AEO) reach mutual recognition Convenience measures ● Low rate of document audit is applicable. ● Reduce the inspection rate of...Read more -
New progress in mutual recognition of AEO
China-Chile In March 2021, the Customs of China and Chile formally signed the Arrangement between the General Administration of Customs of the People’s Republic of China and the Customs Administration of the Republic of Chile on Mutual Recognition between the Credit Management Syste...Read more -
Brazil’s Coffee Exports Reach 40.4 Million Bags in 2021 with China as 2nd Largest Buyer
A report recently released by the Brazilian Coffee Exporters Association (Cecafé) shows that in 2021, Brazil exports 40.4 million bags of coffee (60 kg/bag) in total, decreased by 9.7% y/y. But the exports amount totaled US $6.242 billion. Industry insider stresses that coffee consumption has con...Read more -
China’s Gold Consumption Sees Surge in 2021
China’s gold consumption surged more than 36 percent year-on-year last year to around 1,121 metric tons, an industry report said on Thursday. Compared with the pre-COVID 2019 level, domestic gold consumption last year was some 12 percent higher. Consumption of gold jewelry in China rose 45 ...Read more -
China to Implement RCEP Tariffs on ROK Goods from Feb. 1
Starting from Feb 1, China will adopt the tariff rate it has pledged under the Regional Comprehensive Economic Partnership (RCEP) agreement on selected imports from the Republic of Korea. The move will come on the same day as the RCEP deal comes into force for the ROK. The ROK has recently deposi...Read more -
Russian Wine Exports to China Up 6.5% in 2021
Russian media reports, data from the Russian Agricultural Export Center shows that in 2021, Russia’s wine exports to China increased by 6.5% y/y to US $1.2 million. In 2021, Russian wine exports totaled $13 million, an increase of 38% compared to 2020. Last year, Russian wines were sold to more t...Read more -
Implementation progress of RCEP
China’s customs has announced the detailed implementation rules and matters needing attention in declaration Measures of the Customs of the People’s Republic of China for the Administration of the Origin of Import and Export Goods under the Regional Comprehensive Economic Partnershi...Read more -
RCEP tariff concession arrangement
Eight countries adopted “unified tariff reduction”: Australia, New Zealand, Brunei, Cambodia, Laos, Malaysia, Myanmar and Singapore. That is, the same product originated from different parties under RCEP will be subject to the same tax rate when imported by the above parties; Seven ...Read more -
RCEP tariff concession arrangement
RCEP exceeds the original bilateral FTA products Country Main Products Indonesia Processing aquatic products, tobacco, salt, kerosene, carbon, chemicals, cosmetics, explosives, films , herbicides, disinfectants , industrial adhesives, chemical by-products, plastics and their products, ru...Read more -
Implementation progress of RCEP
RCEP will come into effect in Korea on February 1st next year On December 6th, according to the Ministry of Industry, Trade and Resources of the Republic of Korea, the Regional Comprehensive Economic Partnership Agreement (RCEP) will officially come into force for South Korea on February 1st...Read more -
China’s Gold Consumption Soared with Increasing Spending Power of Younger Generations
Gold consumption in the Chinese market continued to rebound in 2021. According to the latest data released by China’s Statistics Bureau, from Jan. to Nov. the consumption of jewelries with gold, silver and gem enjoyed the biggest growth among all the major commodity categories. The total retail s...Read more -
Summary of new CIQ policies in November (2)
Category Announcement No. Comments Supervision of animal and plant products Announcement No.82 of the General Administration of Customs in 2021 Announcement on quarantine and hygiene requirements of imported Irish breeding pigs. From October 18th, 2021 , Irish breeding pi...Read more