General

Hua sir compiled the new foreign trade regulations that will be implemented in November 2021 for foreign traders, so that everyone can understand the dynamics of the foreign trade industry in a timely manner, avoid risks in a timely manner, and adjust business plans.

u3000u3000 Let's take a look together~

  1

u3000u3000 Manufacturing small, medium and micro enterprises can defer tax payment from November

u3000u3000 The State Council executive meeting held on October 27 deployed the implementation of phased tax deferral measures for small, medium and micro enterprises in the manufacturing industry to further increase the efforts to help enterprises to relieve their difficulties.

u3000u3000The tax deferment will be implemented on November 1 this year and will end in January next year. It is estimated that the tax deferment will be about 200 billion yuan for small, medium and micro enterprises in the manufacturing industry.

It was decided at the meeting that the corporate income tax, domestic value-added tax, domestic consumption tax and accompanying urban construction and maintenance tax paid by small, medium and micro enterprises in the manufacturing industry in the fourth quarter of this year, as well as the individual income tax paid by individual industrial and commercial households, individual proprietorships and partnership enterprises (not (Including the personal income tax withheld and paid by him), the tax deferred payment shall be implemented in stages.

  2

u3000u3000Many shipping companies adjust GRI

u3000u3000 From November 1st, COSCO, Evergreen, Hyundai, Ocean Express and E-Star will adjust the GRI sent from Asia to the United States. The ordinary freight adjustment fee effective on November 1, 2021 is the 21st ordinary freight adjustment fee for East Asia/U.S. routes since 2021.

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u3000u3000The two major ports in the west and the United States impose surcharges

u3000u3000 In order to alleviate port congestion, the two busiest ports in the United States, the Port of Los Angeles and the Port of Long Beach, announced that starting from November 1st, they will impose surcharges on shipping companies for the two types of imported containers staying at shipping terminals.

u3000u3000 After the release of the new policy, the shipping company will be charged a surcharge for containers that need to be transported by truck to stay at the port for 9 days or more, and for containers that need to be transported by rail to stay at the port for 3 days or more.

u3000u3000 The port's charging standard for these two types of containers is: each container staying overtime will be charged 100 US dollars, and each container will be charged at 100 US dollars per day.

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u3000u3000Export to the member states of the Eurasian Economic Union will no longer enjoy GSP tariff preferences

u3000u3000According to the Eurasian Economic Commission notification, from October 12, 2021, the Eurasian Economic Union will abolish the GSP treatment for goods exported to China, and goods exported to Eurasian Economic Union member states will no longer enjoy the GSP tariff preferences.

u3000u3000 Since the same day, the customs will no longer issue GSP certificates of origin for goods exported to Russia, Belarus, and Kazakhstan.

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u3000u3000The United States lifts travel restrictions on 33 countries

u3000u3000U.S. President Biden signed an executive order on October 25, local time, removing strict travel restrictions on China, India, South Africa, Brazil and most of Europe. The new policy will take effect on November 8.

u3000u3000The new policy requires almost all foreign tourists to be vaccinated against the new crown before going to the United States. The airline will be required to check the passenger's vaccination status before boarding the plane. The airline must confirm that the passenger’s vaccination certificate is an official certificate, and the date of completing the vaccination must be at least two weeks before boarding. Any vaccine approved by the U.S. health regulatory agency will be accepted.

u3000u3000 The approved vaccines include Modena, Pfizer/BNT, Johnson & Johnson, AstraZeneca, the Indian version of the AZ vaccine Covishield, China National Medicines and China Coxing Vaccine.

Special travel restrictions in the United States were first implemented in early 2020 to curb the spread of the new crown virus, including non-US citizens from 33 countries (the United Kingdom, Brazil, China, India, Iran, Ireland, South Africa and 26 European Schengen countries). Prohibited to enter the United States. The lifting of the ban marks the end of strict restrictions on passengers since the beginning of last year.

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u3000u3000 Visitors from 46 countries and regions can enter Thailand without quarantine

u3000u3000 The Thai government announced on the evening of the 21st local time that from November 1st, tourists from 46 countries and regions who have completed the new crown vaccination and entered Thailand by air will be exempted from compulsory quarantine.

u3000u3000 The Ministry of Foreign Affairs of Thailand announced the list of these 46 low-risk countries and regions that day, including China, Malaysia, Cambodia, Singapore, Japan, South Korea, the United States, the United Kingdom, Spain, France, Germany, Australia, etc.

Tourists from these low-risk countries and regions recognized by the Thai government must complete vaccination 14 days before boarding, hold a nucleic acid test negative certificate and medical insurance with a coverage of 50,000 US dollars, and also need a nucleic acid after entry Test, after confirming that the test result is negative, you can move freely in Thailand without quarantine.

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u3000u3000 Guangdong tries to resume business visas to Hong Kong

u3000u3000According to the announcement of the State Immigration Administration, the State Administration of Exit-Entry Administration has decided to reinstate mainland residents to apply for business endorsements to Hong Kong on a trial basis in Guangdong Province, and applications can be started on October 11.

u3000u3000 Since October 11, employees of some enterprises and organizations in Guangdong Province and individual business operators who go to Hong Kong to engage in business activities can apply to the Exit-Entry Administration Department of the Public Security Bureau of Guangdong Province for a business endorsement to go to Hong Kong. Persons holding business endorsements should go to Hong Kong through the Hong Kong "Easy to Hong Kong" program.

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u3000u3000Export to Pakistan can be issued certificate of origin under the free trade agreement

u3000u3000Recently, the General Administration of Customs informed Pakistan that relevant departments of Pakistan have accepted the China-Pakistan Free Trade Agreement origin visa filing materials submitted by the China Council for the Promotion of International Trade.

u3000u3000 After completing various preparations, the China Council for the Promotion of International Trade is scheduled to start the issuance of the certificate of origin under the China-Pakistan Agreement on November 10, 2021. This signifies that the CCPIT system has achieved full-scale issuance of certificates of origin under various free trade agreements in my country.

By applying for the certificate of origin of the China-Pakistan Free Trade Agreement, products exported to Pakistan can enjoy different degrees of tariff reduction when importing from Pakistan: Pakistan has implemented zero tariffs on 45% of the tax items, and 30% of the tax items will be in the next 5 years. The zero tariff will be gradually achieved within 13 years, and a partial tax reduction of 20% will be implemented on 5% of the tax items on January 1, 2022.

u3000u3000The certificate of origin under the China-Pakistan Agreement of the Council for the Promotion of International Trade is fully electronically issued, providing independent printing services for the certificate. Enterprises can apply for the preferential certificate of origin under the China-Pakistan Agreement for free through the CCPIT online visa system or the single window of international trade.