Henan Enterprises Reduce Tariffs By Nearly US $20 Million.

Reporters from Henan entry-exit inspection and Quarantine Bureau was informed that the implementation of more than half a year's China, South Korea, China and Australia Free Trade Agreement for the province's enterprises to reduce tariffs more than 1760 million.

At present, China has signed 14 free trade agreements and 1 preferential trade arrangements with 25 countries and regions, including ASEAN, Chile, Switzerland, and South Korea.

The main content of the FTA signed by China is tariff concession. The main means of implementation is to issue certificates of origin.

"In the first half of this year, the Henan entry exit inspection and Quarantine Bureau issued a total of 28495 certificates of origin, with a visa amount of US $1 billion 630 million, and the number and amount of visas increased by 15.89% and 3.34% respectively. The utilization rate of free trade agreements increased significantly."

Qiu Xiaokun, director of the quality and safety supervision and Administration Department of Henan entry exit inspection and Quarantine Bureau, introduced 14814 regional certificate of origin, with a visa amount of US $811 million, an increase of 35.81% and 12.01% compared to the same period last year, which is our province's export.

In the FTA partner countries and regions, the tariff is reduced by about 65 million US dollars.

Qiu Xiaokun said that the implementation of the FTA between China and South Korea and China and Australia, which was implemented for more than half a year, was welcomed by enterprises because of the wide range of tax reduction and wide range of products. In the first half of the year, the two agreement visa accounted for 31% of the total visa, and the tariff relief was about 1760 US dollars.

It is expected that after the upgraded version of the China ASEAN FTA this year, with leather plastic,

The standards of origin of iron and steel products, furniture and toys are more flexible, and the implementation effect of the China ASEAN FTA will be further enhanced.

"In the first half of this year, a total of $212 million was granted to the export enterprises in our province for processing domestic excess capacity products such as steel, chemical industry, aluminum and its products, with a sum of US $17 million and a tariff reduction of 17 million US dollars."

Qiu Xiaokun introduced that the entry exit inspection and Quarantine Bureau across the province not only helps enterprises to reduce tariffs, but also tries to help enterprises to resolve excess capacity.

Among them, in terms of photovoltaic industry, Henan Anyang high tech Limited by Share Ltd is the leading photovoltaic glass manufacturer in China. Due to overcapacity and the "double reverse" effect of Europe and the United States, sales continue to be sluggish. The entry-exit inspection and Quarantine Bureau of Guangdong Province has focused on mining the export potential of enterprises in the free trade agreement partner countries.

In the first half of this year, the Limited by Share Ltd in Henan enjoyed an preferential tariff of about $570 thousand on the free trade agreement, and successfully entered the ASEAN, South Korea and other markets.

Equipment and traditional labor intensive products benefit a lot.

In the first half of this year, our province exported mechanical equipment, electrical equipment, rail vehicles and other equipment products for 2770 visas, with an amount of US $241 million, a tariff reduction of about 19 million US dollars, 3936 export visas, plastic, leather, wood products, textiles, footwear, toys and other traditional labor-intensive products, with an amount of US $191 million and a tariff reduction of about 15 million US dollars.

The above two categories of products account for 45% of the total FTA visa and become the biggest beneficiaries of the FTA.

In addition, in the first half of this year, the volume of visa granted to ASEAN's cargo certificate accounted for 40% of the total visa volume, ranking the top.

Among them, the number of visas in Kampuchea, Burma, Philippines, Singapore, Laos and other countries increased by 77%, 53%, 48%, 44%, 40%, respectively.