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attention! export to india may need to pay more duty

it’s reported that india is likely to announce curbs on imports of over 350 “non-essential” items. since china exports products across a range of sectors to indian markets, the move is going to affect a lot of traders. 
india has been working on protecting domestic manufacturers. 

 

the government has identified more than 350 “non-essential” imports – ranging from toys and textile products to footwear and electronic goods – on which it intends to initiate a host of measures.

 

attention! export to india may need to pay more duty
△ official documents as sofreight reported

 

according to the reports, india is likely to raise customs duty apart from putting in place quality control orders to reduce shipments into the country and encourage domestic manufacturing. 

 

in addition, departments are looking into suggestions of waiving the requirement of global tender for government procurement in sectors where it thinks there is sufficient domestic capacity to execute a contract, as toi said. 

several ministries such as textiles, electronics and it and commerce and industry have been asked to initiate action on the identified list of products. 

attention! export to india may need to pay more duty

there is no doubt that the move is going to hit china, and affect lots of traders. 

 

indian markets are filled with chinese products, especially in the electronics and toys segments. 

 

it is reported that around 95% of imported toys in india come from china. besides, 30% of india’s total imports are chinese electronics.

 

attention! export to india may need to pay more duty

however, with india looking to reduce imports in these sectors, chinese products are going to be the most immediate casualty. therefore, traders who buy chinese goods for export to india may bear the cost

attention! export to india may need to pay more duty

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attention! export to india may need to pay more duty

source | times of india / 搜航网

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attention! export to india may need to pay more duty

can lid, imager… free sourcing enquiry in china | vol. 05

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can lid, imager... free sourcing enquiry in china | vol. 05

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can lid, imager... free sourcing enquiry in china | vol. 05

0-tariff goods export to pakistan! free trade deal updated

the second phase of china-pakistan free trade agreement (cpfta) has come into the effect from december 1. let’s check the new preferential treatments! 

0-tariff goods export to pakistan! free trade deal updated

on 28 april, the two countries agreed to further “enrich china-pakistan all-weather strategy cooperation partner relations”, which upgraded the original free trade agreement’s goods trade market admittance and tariff cutting table. 

0-tariff goods export to pakistan! free trade deal updated

“after the protocol’s coming into effect, the tax item ratio to carry out mutual zero-tariff goods will be increased from 35% to 75%“, china’s ministry of commerce stated while providing details about the impact of this second phase. 

 

besides this, both parties will carry out a 20% partial tax decrease on other goods that occupy 5% of their respective tax items. 

0-tariff goods export to pakistan! free trade deal updated

contents

the protocol upgrades and revises the contents of the following aspects: 

  • original free trade agreement on market access and tariff reduction schedules 

  • rules of origin 

  • trade remedies 

  • investment 

 

among them, the core content is to substantially increase the level of liberalization of trade in goods on the basis of the original free trade agreement. 

 

0-tariff goods export to pakistan! free trade deal updated

 

the protocol stipulates that the proportion of tariff lines with zero-tariff products between china and pakistan will gradually increase from 35% to 75%

 

in addition, both parties will implement a 20% reduction in taxes on other products that account for 5% of their respective tax lines. 

 

the full protocol follows 0-tariff goods export to pakistan! free trade deal updated

http://fta.mofcom.gov.cn/pakistan/xieyi/xdyds_en.pdf

products involved

under the phase-ii of cpfta, both countries will liberalize 75% of tariff lines for each other in a period of 10 years by china and 15 years by pakistan. 

new products allowed to be exported to the chinese market on zero duty include cotton yarn, textiles and garments, seafood, meat and other animal products

 

0-tariff goods export to pakistan! free trade deal updated

 

pakistan has offered market access to china on machinery, furniture, textiles, phosphates, glassware, and auto parts, etc

0-tariff goods export to pakistan! free trade deal updated

please check the following website to get the tariff elimination schedule 0-tariff goods export to pakistan! free trade deal updated

 

  • tariff elimination schedule of china

    http://fta.mofcom.gov.cn/pakistan/xieyi/cngsjrb_en.pdf

     

0-tariff goods export to pakistan! free trade deal updated

 

  • tariff elimination schedule of pakistan

    http://fta.mofcom.gov.cn/pakistan/xieyi/pkgsjrb_en.pdf

 

0-tariff goods export to pakistan! free trade deal updated

we’ve found a list of 313 high priority tariff lines to get immediate tariff elimination from china 0-tariff goods export to pakistan! free trade deal updated 

http://www.commerce.gov.pk/wp-content/uploads/2019/05/list-of-313-items.pdf

 

0-tariff goods export to pakistan! free trade deal updated

you can query fta duty rates with hs code at the following official website:
http://fta.mofcom.gov.cn/ftanew/taxsearch.shtml

 

0-tariff goods export to pakistan! free trade deal updated

the china-pakistan free trade agreement was signed in november 2006 and came into effect in july 2007. 

 

in order to further improve the level of trade liberalization and facilitation between the two countries, china and pakistan launched the second phase of fta negotiations in march 2011, and concluded the negotiations in april 2019 and signed the protocol. 

 

it is expected to further bridge the trade deficit between the two countries by boosting pakistani exports to china. 

 

0-tariff goods export to pakistan! free trade deal updated

despite having an fta, pakistan’s exports to china have decreased by more than 40% in the past five years. imports, on the other hand, have grown by 132%. 

 

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0-tariff goods export to pakistan! free trade deal updated

source | mofcom / emerging pakistan

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0-tariff goods export to pakistan! free trade deal updated

new visa changes coming to south africa! let’s check

south africa has introduced new visapoliciesto facilitatetraveler and goods movement, whichshow favorable signalsforfurther open up to china and other countries.

new visa changes coming to south africa! let's check

from november, south africa begins testing the newelectronic visa system, allowing eligible citizens to apply online for an e-visa to visit south arica.

the e-visa is expected to contribute to growth in the tourism sector. besides,the improving visas processwill make it more accessible forforeign investors to come to the country.

new visa changes coming to south africa! let's check

dha revealed in a statement that the decision to introduce the e-visa provided many benefits. “it is reliable, client-friendly and convenient for visa applicants, airlines, trade partners and home affairs officials.”

motsoaledi, the minister of the department of home affairs (dha), said the department is currently testing the new system with kenya.

citizens from eligible countries will be able to obtain the evisa in three simple steps:

  • complete the evisa for south africa application form

  • pay the evisa fee using a credit or debit card

  • receive the electronic visa by email

new visa changes coming to south africa! let's check

the entire application process takes around 20 minutes.once fully rolled-out, prospective visitors will apply online for visas, at home, office or place of work.

the system will be slowly rolled out to additional countriesincluding india, china, and nigeria in 2020.

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new visa changes coming to south africa! let's check

source |business tech / southafricavisa

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