China Guomen Times: Luoyang Customs supports aluminum foil products going global, turning policy dividends into development assistance
At the site of Luoyang Longding Aluminum Industry Co., Ltd.'s annual production of 100000 tons of double zero foil/battery foil project, after going through processes such as aluminum ingot feeding, refining, rolling, and slitting, double zero foil with a thickness of only 0.006 millimeters is rolled into rolls. In the export packaging area, a batch of double zero foil is being packaged and will be sent to markets such as South Korea.
Luoyang Longding Aluminum Industry Co., Ltd. is the world's second largest aluminum foil manufacturing enterprise, producing double zero foil, which is a high value-added product that is popular in the international market. Double zero foil refers to aluminum foil with a thickness of less than 0.01 millimeters, mainly used in fields such as food packaging, new energy products, electronics, and pharmaceuticals that require high packaging accuracy and barrier properties.
In recent years, thanks to the tariff reduction policies of the Regional Comprehensive Economic Partnership (RCEP), the operating costs of enterprises have been further reduced, and the competitiveness of products in the international market has been continuously enhanced. Taking aluminum foil products as an example, after the implementation of RCEP, the import tariff rate for South Korea has gradually decreased from 10.2% in 2022 to the current 7.2%, making the products more attractive.
The Fourth Plenary Session of the 20th Central Committee of the Communist Party of China proposed to steadily expand institutional opening up, maintain the multilateral trading system, expand international circulation, promote reform and development through opening up, and share opportunities and common development with countries around the world.
As an important gathering place for the national aluminum processing industry, Luoyang aluminum products are highly recognized in the international market. However, due to global trade policy adjustments, product structure optimization, and other factors, aluminum processing enterprises in Luoyang once faced a situation of reduced orders and declining profits.
Luoyang Customs, under the jurisdiction of Zhengzhou Customs, conducted an analysis of the trade structure in its jurisdiction, strengthened risk warning, notification and evaluation of technical trade measures, and interpreted rules. Together with RCEP Enterprise Service Consulting Station, they jointly prepared benefit plans for enterprises, helping them compare the tax reduction of the same goods in multiple free trade agreements based on the target market situation, and choose the most suitable benefit plan. In response to the needs of enterprises for outsourcing processing, deep processing transfer, etc., this customs has customized 4 personalized bonded schemes, guiding 7 enterprises to choose the pre declaration form consumption, facilitating the bonded circulation and manual management of enterprises.
In the first 10 months of this year, the total import and export value of copper and aluminum processing trade in Luoyang City reached 1.72 billion yuan, a year-on-year increase of 6.1 times; The export value of aluminum foil and aluminum plate was 2.58 billion yuan, an increase of 31.6%. Among them, the export of double zero foil was 670 million yuan, a year-on-year increase of 36.7%. Luoyang Customs issued 1402 certificates of origin for aluminum foil and aluminum plate export enterprises, with a visa amount of 1.08 billion yuan, a year-on-year increase of 18.4%.
We carry out aluminum product processing through the import processing trade method, fully utilizing the advantages of advanced domestic aluminum product processing technology and foreign aluminum ingot raw material prices, combined with the good policies of customs processing trade and bonded trade, to achieve complementary industrial and technological advantages at home and abroad, "said the person in charge of Luoyang Jintao Huayin New Materials Co., Ltd.
The person in charge of Luoyang Customs stated that they will deeply study, publicize, and implement the spirit of the Fourth Plenary Session of the 20th Central Committee of the Communist Party of China. Based on the actual situation of Luoyang's industries, they will continue to make good use of mechanisms such as "the customs chief delivering policies to the doorstep" and "clearing problems", accurately respond to the demands of enterprises, continuously improve regulatory efficiency, and transform policy dividends into a driving force for foreign trade enterprises to "export light goods", promoting the millennium old capital to become more "international".