By 2025, Fuzhou Customs will issue certificates of origin for the China Korea Free Trade Agreement worth over 6 billion yuan
According to statistics from Fuzhou Customs, in 2025, Fuzhou Customs issued more than 7000 certificates of origin for the China Korea Free Trade Agreement, with a visa amount of 6.17 billion yuan, a year-on-year increase of 44.16% in visa amount.
On December 20, 2015, the China South Korea Free Trade Agreement officially came into effect, and the benefits of tariff policies have been continuously released over the past decade, effectively promoting the deep integration of China South Korea economy and trade. Over the past decade, the value of goods imported from South Korea by the Fuzhou Customs District has reached approximately 12.9 billion yuan, resulting in a tax reduction of approximately 300 million yuan; Fuzhou Customs issued a total of 64000 certificates of origin for the China Korea Free Trade Agreement, with an export visa value of approximately 38.3 billion yuan.
There is a great demand for lithium-ion batteries in South Korea, but entering the Korean market originally required paying an 8% tariff. The 'targeted' policy guidance from the customs was very timely, actively interpreting the tariff preferential policies of the China Korea Free Trade Agreement and guiding us to make full use of them. This has effectively reduced our export costs, "said Lu Ping, the head of the global customs department of CATL New Energy Technology Co., Ltd. Enterprises like CATL that leverage the China Korea Free Trade Agreement to explore new blue oceans are not uncommon among enterprises in Fujian Province. From high-end manufacturing of new energy to traditional advantageous industries such as motors and aquatic products, the tariff reductions and trade facilitation brought about by the China Korea Free Trade Agreement are being translated into tangible orders and market share.
In 2025, we will continue to expand our market in South Korea, and the certificate of origin will significantly reduce the import tariffs on our motors exported to South Korea. This not only effectively reduces our operating costs, but also further enhances our market competitiveness. While the trade volume will increase significantly in 2025, it will also give us more confidence in the market in 2026, "said Huang Xiuchun, the customs officer of Anbo Electric (Ningde) Co., Ltd.
In order to promote the high-quality development of characteristic industries in Fuzhou Customs District, Fuzhou Customs conscientiously implements the "four grassroots" system, makes good use of policies such as "customs chief delivery policy", and conducts one-on-one policy interpretation of preferential origin management measures and rules for enterprises on the front line. It guides enterprises to fully apply the "China Customs Preferential Origin Service Platform" and select the most suitable preferential trade agreement. In addition, Fuzhou Customs is promoting the construction of a smart customs and vigorously promoting the convenience measures of "smart audit+self-service printing", allowing enterprises to change from "running once" to "zero running", and can self print without leaving their homes, saving more human resources and time costs for enterprises.
Fuzhou Customs will continue to lead the construction of smart customs and the "Smart Customs Strong Country" action, continuously optimize the port business environment, and promote the upgrading of the benefits of the China South Korea Free Trade Agreement from "fully enjoying" to "quickly enjoying and enjoying" through more precise policy promotion and targeted guidance. We will fully support enterprises to enhance their origin management capabilities and help more "Made in Fujian" companies take advantage of the free trade agreement to win opportunities in the international market. (Chu Yihui, Zhang Lei/Wen)