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Strong mechanisms, favorable policies, and diversified business models: Shandong adopts multiple measures to promote steady export growth

China News Service, Jinan, January 8 (Reporter Sha Jianlong) In the first 11 months of 2024, Shandong Province's import and export volume exceeded 3 trillion yuan (RMB, the same below), with exports increasing by 6.9% year-on-year, 0.2 percentage points better than the national average. On the 8th, at a press conference held by the Shandong Provincial People's Government, Cui Hongguang, Deputy Director of the Shandong Provincial Department of Commerce, introduced the relevant situation of the province's multi-pronged efforts to promote steady export growth.

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01-09

Strong mechanisms, favorable policies, and diversified business models: Shandong adopts multiple measures to promote steady export growth

Indonesian Economic Expert: Joining BRICS Will Boost the Country's Economic Growth

On January 6th, Brazil's Ministry of Foreign Affairs, as the rotating chair of the BRICS nations, announced that Indonesia has become a full member of BRICS. Indonesian economic experts have stated that joining the BRICS cooperation mechanism will contribute to Indonesia's economic growth and development. Muhammad Faisal, Executive Director of the Indonesian Economic Reform Center, noted that Indonesia's new government has set an ambitious economic growth target of 8%. Joining the BRICS cooperation mechanism will provide a significant boost to Indonesia's economic growth. Achieving this growth will require extraordinary efforts, particularly in attracting investment. While Indonesia has already attracted substantial investment, further leaps are needed. Faisal stated that by strengthening cooperation with BRICS members such as China, Indonesia will gain more trade opportunities, foreign investment, and technology transfer, promoting the healthy development of Indonesia's domestic economic ecosystem. He added that through the integration and complementarity of strengths, the areas of cooperation between BRICS nations will further expand. Muhammad Faisal, Executive Director of the Indonesian Economic Reform Center, further stated that looking ahead, the new Indonesian government plans to continue expanding downstream industries and developing agriculture, plantations, fisheries, livestock, and forestry. Therefore, there will be more opportunities for cooperation with China, expanding from infrastructure and nickel smelting to a wider range of areas. (CCTV News Client)

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01-09

Indonesian Economic Expert: Joining BRICS Will Boost the Country's Economic Growth

China to adjust tariffs on some goods starting January 1, 2025

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01-09

China to adjust tariffs on some goods starting January 1, 2025

Zero-tariff policy promotes win-win agricultural cooperation between China and Africa

Recently, China's granting of 100% tariff-free treatment to all product categories from all established least developed countries has officially come into effect, including 33 African countries. This will not only facilitate the arrival of high-quality African agricultural products from African fields to Chinese tables, but also further drive the development of African industries and promote poverty reduction in the region. However, it should be pointed out that this policy is not a unilateral aid policy for Africa, but a win-win cooperation between China and Africa based on mutual benefit. For many African countries, agriculture is the foundation of the national economy, and agricultural transformation and upgrading is an effective way to escape poverty. Over the past few decades, numerous empirical studies have shown that economic growth in the agricultural sector is the main contributor to raising the incomes of the poor, and its effect on poverty reduction is more than double that of any other sector. The African continent, especially sub-Saharan Africa, is still predominantly agricultural. In most countries, agriculture accounts for more than 30% of GDP, and agricultural employment accounts for more than 70% of total employment. The majority of the population lives in rural areas, making agriculture the lifeblood of these countries' socio-economic development. However, Africa's poverty is closely related to the low efficiency and limited added value of its agriculture. Expanding imports of agricultural products from Africa is just the tip of the iceberg of China-Africa agricultural cooperation. In recent years, under the frameworks of the Belt and Road Initiative and the Forum on China-Africa Cooperation, China and Africa have continuously deepened agricultural technological cooperation. China has established 24 agricultural technology demonstration centers in Africa, promoting more than 300 advanced and applicable technologies, such as dense corn planting, which has led to an average increase in crop yields of 30% to 60% in related regions, significantly improving the level of agricultural development in African countries and benefiting more than one million smallholder farmers. "China has played an important role in the modernization of agricultural development in Africa." said Rahman Tala Osman, Permanent Representative of the African Union Mission to China. China's technological advantages and policy expertise provide African countries with easy-to-understand and easy-to-learn experiences, helping to promote the sustainable development of African agricultural production while boosting farmers' income. In addition, China-Africa agricultural cooperation is not limited to production and import links, but also includes extensive cooperation between the two sides in agriculture, services, and other sectors throughout the entire process. A large number of Chinese companies have taken this opportunity to "go global" and find new "blue oceans" for development. China's labor-intensive, meticulous farming techniques provide Africa with a reference for overcoming capital constraints and technological bottlenecks. At the same time, the manual and semi-manual agricultural machinery widely used in China also has good market prospects in Africa. I know an Ethiopian deputy minister who, although not in charge of agriculture, specially showed me a video of a Chinese micro-tractor operating on his mobile phone, excitedly saying that this is what Ethiopia needs and hoping that I could help find the model and contact the importer. The vast demand brought about by the transformation and upgrading of African agriculture can be a direction for Chinese companies to consider focusing on. China-Africa agricultural cooperation is still in a stage of transformation and upgrading, and both sides have broad space for mutually beneficial cooperation. Many agricultural products exported from Africa have been mainly exported as raw materials for many years, resulting in very limited added value and profit. For example, Ghana is the world's second-largest exporter of cocoa, but the world's well-known chocolate brands mostly come from Western countries such as Belgium, Switzerland, and the United States. China has already launched cooperation projects such as "One Country, One Product: Global Action for Green Development of Characteristic Agricultural Products" in African countries in cooperation with the Food and Agriculture Organization of the United Nations. This is expected to create "African goods" with higher added value through bilateral and multilateral cooperation. Correspondingly, the demand for exhibitions, advertising services, food processing, and other fields generated by the project will also provide further cooperation and business improvement opportunities for Chinese enterprises in Africa. In recent years, the booming development of China-Africa agricultural cooperation has brought huge poverty reduction effects to the region. The win-win, or even multi-win, agricultural cooperation model between China and Africa, driven by technological innovation and cooperation, has become a vivid practice and successful case of China fulfilling its responsibilities as a major country, contributing to global poverty reduction efforts, and narrowing the global development gap. Today, the enormous potential and benefits of China-Africa agricultural cooperation have not yet been fully unleashed. As cooperation between the two sides deepens in the future, agricultural transformation and upgrading is expected to become a new highlight benefiting African countries and a solid foundation for building a China-Africa community with a shared future. (Article from Global Times, Author: Zhu Ming, Director of the Regional Cooperation Office of the Shanghai Institutes for International Studies, Visiting Researcher at the Center for African Chinese Studies, University of Johannesburg, South Africa.)

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12-12

Zero-tariff policy promotes win-win agricultural cooperation between China and Africa

New foreign trade regulations in October, please pay attention

1. Release of "Operational Guidelines for Export Tax Refunds (Exemptions) for Cross-border E-commerce Overseas Warehouses" The State Taxation Administration's Goods and Services Tax Department recently organized the compilation of "Operational Guidelines for Export Tax Refunds (Exemptions) for Cross-border E-commerce Overseas Warehouses" (hereinafter referred to as the "Guidelines"), providing detailed tax guidance for cross-border e-commerce overseas warehouse enterprises, helping enterprises to thoroughly and accurately understand the regulations of export tax refund (exemption) policies, and skillfully master the operation process of export tax refund (exemption) business. 2. The State Council Customs Tariff Commission suspends the implementation of zero tariff policy for the import of some agricultural products from Taiwan The State Council Customs Tariff Commission recently issued an announcement stating that, starting from September 25, 2024, the policy of exempting import tariffs on 34 agricultural products originating from Taiwan, including fresh fruits, vegetables, and aquatic products, will be suspended, and the import tariffs on relevant agricultural products will be implemented in accordance with the current relevant regulations. 3. The General Administration of Customs launches a pilot program for the iron-road multimodal transport business model for export goods In order to support the high-quality development of multimodal transport, adapt to the adjustment and optimization of modern logistics and transportation structure, and improve the level of customs clearance facilitation for international multimodal transport goods, in accordance with the "Customs Law of the People's Republic of China" and the "Regulations of the General Administration of Customs of the People's Republic of China on the Supervision of Transit Goods" (issued by the General Administration of Customs Order No. 89, revised according to the General Administration of Customs Order No. 240, hereinafter referred to as the "Regulations on the Supervision of Transit Goods"), the General Administration of Customs has decided to launch a pilot program for the export goods iron-road multimodal transport business model. 4. The Codex Alimentarius Commission releases requirements for the inspection and certification system for imported and exported food From September 16 to 20, 2024, the Codex Alimentarius Commission (CAC) held the 27th meeting of the Committee on Import and Export Inspection and Certification (CCFICS 27) in Australia, which released the "Requirements for the Inspection and Certification System for Imported and Exported Food". The main contents of the "Requirements" include: revising the "Principles and Guidelines for Remote Audits and Inspections under the Relevant Regulatory Framework"; publishing the opinions of the Food and Agriculture Organization of the United Nations, the World Health Organization, and other international organizations on the import and export food inspection and certification system (CCFICS), emphasizing the need to strengthen capacity building in developing countries and attach importance to the assessment of food control systems; consolidating the Codex Alimentarius Commission's guidelines on food system equivalence, requiring attention to the implementation of the "Guidelines for the Recognition and Maintenance of Equivalence of National Food Control Systems"; implementing the "Guidelines for the Prevention and Control of Food Fraud"; revising and updating the "Principles of Traceability/Product Tracking in Food Inspection and Certification Systems"; publishing the "Guidelines for the Application Mechanism for Refusal of Food Imports"; publishing the "Regulations on the Standardization of Sanitary Requirements"; reviewing and updating new developments in global food work, revising the "Principles and Guidelines for Information Exchange between Relevant Importing and Exporting Countries" to promote food trade and strengthen the digitalization of national food control systems, etc. 5. The United States significantly increases tariffs on products such as electric vehicles from China The decision announced by the Office of the United States Trade Representative shows that the United States will impose a 100% import tariff on electric vehicles produced in China, a 50% tariff on solar cells and semiconductors produced in China, and a 25% tariff on steel, aluminum, electric vehicle batteries, key minerals, and components produced in China. Among them, the tariffs on Chinese electric vehicles, lithium-ion batteries for electric vehicles, key minerals and components will take effect on September 27 this year; the 50% tariff on semiconductors will take effect in 2025, and two categories have been added to the scope of this tariff, namely silicon wafers and polysilicon used for solar panels; the tariffs on lithium-ion batteries, key minerals and components used for other equipment and purposes will take effect on January 1, 2026. 6. The United States adjusts its "de minimis" policy On September 13, the US government formally announced that it would take action to curb the misuse of the "de minimis" policy, aiming to maintain fair trade and tax order. Specific adjustments include canceling the tax exemption for sensitive products, involving 70% of clothing and textiles imported from China, and canceling the tax exemption for products that may be subject to additional tariffs under Section 301, 232, or 201. This move undoubtedly heralds a "profound transformation" for leading enterprises in China's cross-border e-commerce industry. 7. The United States adds aluminum, silicon, PVC and other products from China to the list of forced/child labor The US Department of Labor has added 72 items to its list of foreign-made goods produced with child and/or forced labor that violate international standards, and removed 4 items. After these adjustments, the so-called TVPRA list now includes 204 goods from 82 countries and regions. New items include aluminum, sodium hydroxide, jujubes, industrial silicon, polyvinyl chloride and squid from China; and Chinese electrolytic copper products and lithium-ion batteries allegedly produced using child labor in Congo to mine copper; automotive aluminum parts allegedly made of aluminum produced with forced labor in China; and cotton clothing, cotton textiles and cotton yarn/thread allegedly made of cotton produced with forced labor in China. In addition, the updated list also includes Vietnamese cotton clothing allegedly made of cotton produced with forced labor in China. 8. Canada imposes additional tariffs on electric vehicles and other products from China The Canadian government announced that, starting from October 1 this year, an additional 100% tariff will be imposed on all electric vehicles manufactured in China, including electric and some hybrid passenger cars, trucks, buses and passenger-freight vehicles. This 100% additional tariff will be levied in addition to the current 6.1% tariff imposed by Canada on electric vehicles originating from China. In addition, the Canadian government plans to impose an additional 25% tariff on steel and aluminum products imported from China starting October 15 this year. Canada said one of the purposes of this move is to prevent trade diversion caused by recent actions taken by Canada's trading partners. 9. Turkey adopts new regulations for imported electric vehicles On September 20, the Turkish Ministry of Trade set strict conditions for plug-in hybrid vehicles imported from countries such as China, requiring importers to have 20 authorized service shops at 7 different locations within the country. The regulation will come into effect after 30 days. This is another move by Turkey after restricting the import of electric vehicles in June this year. Analysts say that currently no importer can meet these conditions, which will put pressure on Chinese automakers. Turkey has previously imposed high tariffs on imported electric vehicles. 10. South Korea mandates disclosure of electric vehicle battery information On September 6, 2024, the South Korean government decided to mandate the disclosure of electric vehicle battery information and implement a series of other measures to alleviate growing concerns about electric vehicle fires. According to the government's plan, the electric vehicle battery certification system, originally scheduled to take effect next February, will be piloted in October, meaning the government will conduct safety checks on batteries before producing domestic and foreign electric vehicles. In addition to the currently required battery capacity, rated voltage and maximum output, electric vehicle manufacturers will also need to disclose key information about the battery, including the battery brand and main components. In routine inspections of electric vehicles, the inspection items will be increased to battery voltage, battery temperature, charging amount, etc., and the inspection stations will be equipped with corresponding equipment and infrastructure as soon as possible. The responsibility of electric vehicle manufacturers and charging enterprises will be strengthened by excluding manufacturers without liability insurance from government subsidies and promoting legislation to mandate liability insurance for electric vehicle charging enterprises. At the same time, the government will update the battery management system (BMS), which can detect and issue battery status warnings in real time, and increase its use among drivers for better early detection of fire risks. 11. South Korea mandates HACCP certification for some imported foods Recently, the Ministry of Food and Drug Safety (MFDS) of South Korea announced that it requires mandatory HACCP certification for some imported foods. From October 1, 2024, all overseas manufacturers of Napa cabbage kimchi will need to obtain HACCP certification for imported food in order to import and clear customs. (Kimchi mainly refers to pickled vegetables with Napa cabbage as the main ingredient, mixed with various seasonings, and fermented or processed.) 12. Russia bans the sale of unlabeled light industrial goods An amendment to the Russian government's ban on the sale of unlabeled light industrial products will come into effect on September 15. The new measures cover product types including trousers, jackets, skirts, dresses, sports jackets, women's shirts and blouses, sportswear and ski suits, coats, shawls, scarves and ties, and some other clothing accessories. Before that, if these products were produced or imported into Russia before April 1, 2024, they were allowed to circulate and exit circulation. From this day on, mandatory labeling of light industrial products will be implemented. 13. Russia extends simplified certification period for imported products to 2025 The Russian government has decided to extend the validity period of the simplified certification procedure for imported and domestically circulated products that comply with technical regulations and national standards to September 1, 2025, aiming to continue to reduce the burden on enterprises and reduce the risk of inferior products entering the market. It is reported that since March 2022, goods can provide declarations of conformity based on their own evidence through a simplified procedure, avoiding lengthy laboratory tests, giving enterprises six months to confirm product compliance. Under the background of sanctions, this measure has proved effective, so the government has decided to extend its implementation period to continuously promote trade facilitation and healthy market development. 14. The GCC imposes anti-dumping duties on products such as switches and sockets from China On August 20, the Technical Secretariat of the Anti-Dumping and Countervailing Measures of the Gulf Cooperation Council (GCC) issued an announcement making a final anti-dumping ruling on electrical connectors, switches, sockets and plugs with a voltage not exceeding 1000 volts imported from China, and decided to impose anti-dumping duties of 11.3% to 42% on the products involved based on the CIF price from September 26, 2024, with a validity period of five years. The GCC unified tariff codes for the products involved are 853669, 853650, 85444291 and 85444221. 15. India imposes additional tariffs on some steel products from China and Vietnam An order from the Indian Ministry of Finance on September 10 shows that India will impose tariffs of 12% to 30% on some steel products imported from China and Vietnam "to protect and promote the local industry". Reuters pointed out that this means that in the next five years, India will impose taxes on welded stainless steel pipes exported by China, the world's largest steel producer, and Vietnam. 16. Brazil raises import tariffs on 30 chemical products In response to the request of the Brazilian Chemical Products Industry Association (ABIQUIM), on September 18, the Brazilian Foreign Trade Commission approved raising the import tax on 30 chemical products from the original minimum tariff rate of 7.6% to 20%, with a validity period of one year. According to previous media reports, the association released data showing that the idle rate of domestic petrochemical plants reached a historical high of 58% in May this year. In order to boost the local industry, the association requested the government to raise the import tariffs on 65 chemical products. Although the Brazilian government has only taken measures on less than half of the chemical products, the association believes that the effect will be "immediate", and the domestic products are expected to recover to 80% in the future. 17. Argentina removes technical barriers to bicycle imports Argentina's Financial Times reported on September 12 that Argentina's Ministry of Industry and Trade issued Resolution No. 274/2024 in the government's Official Gazette on September 12, abolishing the relevant technical regulations for bicycle imports and canceling the certification of relevant product manufacturers and the product sample testing procedures. The Argentine government hopes to eliminate foreign trade technical barriers, simplify bicycle import procedures, stimulate the vitality of free competition in the Argentine domestic market, and promote a significant reduction in bicycle prices in the Argentine domestic market. 18. Iraq strengthens checks on electronic equipment imports In mid-September, a large-scale pager explosion occurred in Lebanon, and Iraq said it intends to strengthen border management to avoid any "infiltration" or security risks, especially risks in the import of "electronic equipment". According to the published communiqué, "the Council of Ministers called on border crossings to take all necessary preventive measures to avoid any potential infiltration". The communiqué also called for "strict security checks on imported products, especially electronic equipment, and ensuring contracts with reputable companies".

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10-08

New foreign trade regulations in October, please pay attention
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