Hangzhou: New Requirements For Foreign Trade And Foreign Investment In The City

In order to implement the spirit of the municipal government's special conference on foreign trade and foreign investment, which was held in May 14th, to boost the development of foreign trade and foreign investment in Hangzhou, vice mayor Xie Shuangcheng convened the work conference on foreign trade and foreign investment in June 9th.

Xie mayor pointed out that this year, Hangzhou's foreign trade and foreign investment situation is increasingly grim.

Every district and county should attach great importance to it. First, we must recognize the pressure.

Fully aware of the grim situation of the current foreign trade and foreign investment situation and the promotion of the steady growth of foreign trade on the development of Hangzhou's real economy, and enhance the sense of urgency and mission of steady export work. While recognizing the pressure, we must also see that the current economic situation has given the opportunity of foreign trade export adjustment and pformation.

The two is to concentrate.

All districts and counties (cities) should focus their efforts on steady growth, work together and link up with each other, actively introduce corresponding foreign trade and foreign investment support policies, and actively and steadily implement the requirements of the zero thematic work conference of foreign trade and foreign funded enterprises. By the end of June,

The growth rate should reach the average level of the whole province, and the utilization of foreign capital should be the same as the average of the whole province.

The three is to have the courage to exert strength.

With the aid of national, provincial and municipal departments,

The supporting advantages of development are to find the right points, and after finding the strength,

First, we need to make precise efforts. Two, we must seek help and actively promote enterprises in their respective jurisdictions to make more contributions to Hangzhou's export.

Four, we must be good at borrowing.

First of all, the commercial departments in all districts and counties should take advantage of the main leaders' interest in supporting foreign trade and foreign investment, and timely feedback to their superiors.

Secondly, the Municipal Commerce Commission should strengthen the assessment, supervision and notification of foreign trade and foreign investment in various districts and counties (cities) through supervision and assessment.

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It is understood that at present, bilateral trade between China and South Korea has reached 300 billion US dollars.

The FTA between China and South Korea is expected to take effect before the end of this year. This is China's FTA which covers the largest and most comprehensive range of trade so far. It will bring new benefits to China's export to Korean enterprises.

Shenzhen's exports have ranked first in the country for 22 consecutive years, and Shenzhen's exports to Korea are numerous.

The staff of the Shenzhen inspection and Quarantine Bureau said that before the export of Korean goods by local enterprises, they could enjoy preferential tariff treatment based on the certificate of origin of the Asia Pacific Trade Agreement.

"Since the beginning of this year, the Shenzhen inspection and Quarantine Bureau has issued 12 thousand and 690 certificates of origin for the Asian Pacific Trade Agreement for the Shenzhen enterprises, which has reduced the tariff to nearly 60 million dollars for the enterprises. The main products of the visa are batteries, lamps, televisions, fans, hard alloy drills, bags, footwear, toys, etc.

The source said.

According to the introduction, compared with the South Korea's reduction list under the Asia Pacific Trade Agreement, there are some new characteristics of the Han Guojiang tax commitment table under the FTA Agreement: first, the scope of the export tax reduction products has been expanded.

The FTA between China and South Korea covers all other products except sensitive products such as some agricultural and aquatic products, textiles and clothing, timber and wood products. Two, the tax reduction rate for export goods has been widened.

The Asia Pacific Trade Agreement tax reduction range is 10% - 50%, and according to the China South Korea FTA tax reduction arrangement, more than 90% of China's products will enjoy zero tariff in Korea after 20 years of pition.

Among them, the quota tax rate of tariff quota products will be reduced to zero immediately after the agreement comes into effect. Other tax reduction products will be reduced to zero tariff in 5, 10, 15 and 20 years respectively.

For example, according to the tax reduction arrangement under the Asia Pacific Trade Agreement, the export of lithium batteries from China to Korea can enjoy a 30% tariff preference, while the products that comply with the rules of origin of the Sino Korean free trade agreement enjoy zero tariff. The exported floodlights of our country can enjoy 50% tariff preferences when exported to South Korea, while the products that comply with the rules of origin of China Korea free trade agreement can enjoy 10% tariff preferences in the first year of the agreement. After that, the tariff discount rate increases by 10% per year, until the agreement is implemented tenth years, which can enjoy zero tariff.