简体中文版|APP版

Home> Reports

Preferential certificate of origin promotes foreign trade

(chinadaily.com.cn) Updated: 2015-01-29

Foreign trade enterprises with preferential certificate of origin in Zhanjiang were granted tariff exemption totally $17.41 million in 2014, according to the Zhanjiang Inspection and Quarantine Bureau.

The preferential certificate of origin is a key element of the regional free trade agreement, with which export products could enjoy preferential tariff in the importing countries.

In 2014, the Zhanjiang Inspection and Quarantine Bureau issued 10,474 preferential certificates of origin, with a total value of $904 million, which could exempt tariff of 17.41 million for the port city’s foreign trade enterprises.

Zhanjiang, a coastal city along the South China Sea, is a major beneficiary of the regional free trade agreements that China has signed ,and the trading partnerships it has formed with other countries and areas. The agreements and partnerships mainly include the Asia-Pacific Trade Agreement, China-ASEAN free trade area, China-Chile free trade area, China- Costa Rica free trade area, China-Pakistan free trade area, China-Peru free trade area, China-Singapore free trade area and China- Switzerland free trade area.

A senior official from the Zhanjiang Inspection and Quarantine Bureau told that the preferential certificate of origin will play an increasingly important role in foreign trade development as economic regionalization deepens.

He said enterprises should take full advantage of the preferential policies, and speed up industrial structural adjustment and upgrading to adapt to the new economic situation.

8.03K