Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


China Customs to trial new import clearance procedures


8 April 2013


China Customs to trial new import clearance procedures for New Zealand goods

The General Administration of China Customs (China Customs) and the New Zealand Customs Service announced today a trial of new procedures that will allow for the clearing of New Zealand goods held in bonded storage (Special Customs Control Areas and Bonded Places) when they reach China.

The two customs administrations have been working together to establish a procedure that will now see importers in China receiving the full benefits of the China New Zealand Free Trade Agreement (FTA) on goods that are placed in bonded storage and declared for part release into the domestic market.

The Department of Duty Collection of China Customs says the Pilot will allow, on a trial basis, the ‘multiple use’ of a Certificate of Origin to clear goods under the China-NZ FTA when goods are declared in part for domestic consumption. This means importers in China will receive the same lower preferential tariff rate for the entire shipment regardless of multiple parts of the shipment being released into the domestic Chinese market.

New Zealand’s FTA with China allows goods of New Zealand origin to enter China at lower duty rates than those applicable to international competitors. Under the terms of the Agreement, duty rates will reduce to zero on most New Zealand goods exported to China by 2019.

NZ Customs Acting Group Manager Policy, Richard Bargh says “The FTA opens up economic opportunities for New Zealand business in China, and boosts commercial ties with a country that, on current trends will become New Zealand’s largest trading partner within the next two years. We are pleased with the changes in procedure that are being trialled.”

“The new procedures allow New Zealand exporters to realise the full benefits available to them under the FTA by enabling China importers to receive tariff preferences on entire shipments of qualifying goods and not just parts of them – a shipment of wine for example could save the importer up to 14 per cent duty across the whole consignment.”

The twelve month trial will commence during the second half of 2013 and involve the six ports of Guangzhou, Nanjing, Qingdao, Shenzhen, Shanghai and Tianjin.

Goods exported from all Chinese ports to New Zealand, that qualify as Chinese origin, will be granted the FTA preferential rate of duty.

The new procedures will be made available on the China Customs website www.customs.gov.cn, the New Zealand Customs website www.customs.govt.nz and the China New Zealand Free Trade Agreement website www.chinafta.govt.nz prior to the commencement of the pilot.


ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Maritime: Navigation Safety Review Raises Big Issues For The Govt

Shipping Federation: "The reports makes it clear that the ratification of the Maritime Labour convention (MLC) is long overdue. Only when the MLC is ratified will Maritime NZ be able to inspect and enforce the labour conditions on international ships visiting our ports." More>>

ALSO:

100 Years After Einstein Prediction: Gravitational Waves Found

For the first time, scientists have observed ripples in the fabric of spacetime called gravitational waves, arriving at the earth from a cataclysmic event in the distant universe. This confirms a major prediction of Albert Einstein’s 1915 general theory of relativity and opens an unprecedented new window onto the cosmos. More>>

ALSO:

Farming: Alliance Plans To Start Docking Farmer Payments

Alliance Group, New Zealand's second-largest meat cooperative, plans to start withholding some stock payments to its farmers from next week to bolster its balance sheet and force suppliers to meet their share requirements. More>>

ALSO:

Gambling: SkyCity First Half Profit Rises 30%, Helped By High Rollers

SkyCity anticipates the Auckland business will benefit from government gaming concessions which were triggered on Nov. 11 in recognition of SkyCity’s $470 million Convention Centre development. Morrison said the concessions would allow the Auckland business to lift its activity during peak period, noting it had a record revenue week over the Christmas and New Year period. More>>

ALSO:

Money For Light: Kiwi Scientists Secure Preferential Access To Synchrotron

Science and Innovation Minister Steven Joyce today announced a three-year investment of $2.8 million in the Australian Synchrotron, the largest piece of scientific infrastructure in the Southern Hemisphere, to secure preferential access for Kiwi scientists. More>>

Telco Industry Report: Investment Hits $1.7 Bln A Year

Investment in the telecommunications sector is $1.7 billion a year, proportionately one of the highest levels in the OECD, according to a report released today on the status of the New Zealand sector. More>>

ALSO:

PGPs: New Programme Sets Sights On Strong Wool

A new collaboration between The New Zealand Merino Company (NZM) and the Ministry for Primary Industries (MPI), announced today, aims to deliver premiums for New Zealand's strong wool sector... More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news