Full Moon Implementation of Comprehensive Zero Tariff Measures - Zhejiang Enters the 'Fast Lane' of Non trade with Africa

On May 1st of this year, China fully implemented zero tariff measures for 53 African countries that have diplomatic relations with China, and implemented zero tariffs in the form of preferential tax rates for 20 African countries that are not least developed countries for a period of two years. Zhejiang is the largest province in China in terms of trade with Africa. According to statistics from Hangzhou Customs, since the implementation of the new measures one month ago, more than 34 million yuan worth of preferential goods have been imported from 20 African countries within its jurisdiction, and Zhejiang's trade with Africa has entered the "fast lane".

The comprehensive implementation of zero tariff measures not only further reduces the threshold for high-quality African products to enter the Chinese market, but also injects new momentum into China's foreign trade enterprises to broaden raw material procurement channels, reduce import costs, and enhance market competitiveness. At the same time, the non-zero tariff measures have made cooperation between Chinese enterprises and the African market closer and smoother.

The textile industry is one of the traditional pillar industries in Huzhou, Zhejiang, and flax is one of the main products imported by Huzhou from Africa, with an estimated import value of over 120 million yuan this year. The implementation of zero tariff measures can reduce the tariff costs of local flax procurement enterprises by over one million yuan within the year. Automobile manufacturing companies are also facing new opportunities for development. A company has been importing automotive parts from Morocco through import processing. With the official certificate of origin issued by Morocco, the import tariff rate for domestic sales of the parts has been directly reduced from 10% to 0, and it is expected to reduce tariffs by nearly 10000 yuan per year. For canned fruit processing enterprises, with the implementation of zero tariff measures for non diplomatic countries, the production cost of grapefruit raw materials mainly imported from Egypt has decreased by several hundred yuan per ton, making the products more cost-effective in the market.

In order to promote the rapid release of the benefits of new measures, Hangzhou Customs has accurately targeted the beneficiary enterprises and pushed tax and government information through the "Red Ship Enterprise Navigation" service platform in the first time, helping enterprises understand the preferential policies for non imported goods in the first time, and continuously focusing on the benefits of non-zero tariff measures to ensure that the dividends are accurately and fully realized, further stimulating the new momentum of foreign trade for enterprises.