According to the “Administrative Measures for the Certificate of Origin of the People’s Republic of China on the Generalized Preference System”, the General Administration of Customs has decided that starting from December 1, 2021, For goods exported to EU member states, the United Kingdom, Canada, Turkey, Ukraine, Liechtenstein and other countries that no longer grant China’s GSP tariff preferential treatment, the customs will no longer issue GSP certificates of origin. If the shipper of goods exported to the above-mentioned countries needs a certificate of origin, it can apply for a non-preferential certificate of origin. In recent years, with the steady development of China's economy and the gradual improvement of its status in international trade, more and more countries and regions have announced their "graduation" to China's GSP. According to the Eurasian Economic Commission, 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. Since the same day, the customs will no longer issue GSP certificates of origin for goods exported to Russia, Belarus, and Kazakhstan. In the past, according to the Generalized System of Preferences program of the Eurasian Economic Commission, the alliance granted preferential tariffs to China’s exports of meat and meat products, fish, vegetables, fruits, some raw materials and primary processed products. Goods in the list of exports to the Union are exempted from import duties of 25% on the basis of their tariff rates. Japan, on the other hand, will no longer grant tariff preferences to China's GSP for goods exported to Japan from April 1, 2019. Since April 1, 2019, China’s customs will no longer issue GSP certificates of origin and related Japanese import processing certificates for goods exported to Japan. This means that China’s export of Japanese superior products will face an average 3% increase in tariff costs, which will weaken the competitiveness of our export products in the Japanese market to a certain extent. GSP preferential tariff refers to a universal, non-discriminatory, and non-reciprocal preferential tariff for manufactured and semi-manufactured products (including certain primary products) exported by developing countries or regions by developed countries. A special tariff that is further reduced or exempted on the basis of the most-favoured-nation tariff. This policy is conducive to helping developing countries improve the competitiveness of their export products, expand exports, and promote the industrialization and economic development of developing countries. The average tariff reduction rate for China's GSP certificate of origin and regional preferential certificate of origin is about 6%. It is worth noting that while China is "graduating" from the GSP, some countries and regions still maintain the GSP treatment for Vietnam, Indonesia, Bangladesh, Cambodia and other countries, which means that part of China’s labor-intensive exports Products are facing more severe challenges. But at the same time, China has accelerated the pace of expanding the "friend circle" of the free trade zone. In 2002, China's first free trade agreement and the free trade agreement reached with ASEAN opened a new journey for our free trade agreement. So far, China has reached 19 free trade agreements and signed these agreements with 26 countries and regions. The free trade partners are all over Asia, Europe, Latin America, Oceania and Africa.
Post time: Nov-02-2021