(Jilin Daily) Yanji Customs activates the benefits of the China Korea Free Trade Agreement for enterprises
Taking off from Seoul and landing at Yanji Airport, with full guidance from customs and zero tariff policy, a single batch of imported equipment saved 44000 yuan! "Recently, Han Longzhe,the director of Yanbian Kexian Biotechnology Co., Ltd., was delighted with the just completed customs clearance procedures.
It is reported that the key components of the liquid automatic packaging machine imported by the company from South Korea have been successfully cleared through the tariff reduction policy of the China Korea Free Trade Agreement under the guidance of the "one-on-one" policy of Yanji Customs, becoming a vivid example of the continued benefits enjoyed by Yanbian enterprises in Jilin Province since the agreement came into effect more than ten years ago. The second phase of negotiations for the China South Korea Free Trade Agreement is steadily advancing, and Yanji Customs is deepening its policy potential with precise services, allowing Yanbian to continue to amplify its advantage in the forefront of trade with South Korea.
On December 20, 2015, the China South Korea Free Trade Agreement officially came into effect. This high-level free trade agreement covers multiple fields such as goods trade, service trade, and investment. Through a phased tariff reduction mechanism, it gradually achieves zero tariffs on more than 90% of products from both sides, building a low-cost and efficient cooperative ecosystem for economic and trade exchanges between the two countries. Since the agreement came into effect, Yanji Customs has relied on the geographical advantage of Yanbian in Jilin Province adjacent to South Korea, focusing on core trade needs such as the import of machinery and equipment and the export of characteristic agricultural products in its jurisdiction, continuously optimizing regulatory services, and promoting the steady expansion of trade with South Korea. Especially after the comprehensive launch of the "single window", the efficiency of customs clearance has been greatly improved, the cost of enterprise declaration has been significantly reduced, and the level of trade facilitation has achieved a qualitative leap. In the past five years, nearly 2000 certificates of origin under the China Korea Free Trade Agreement have been issued to export enterprises, with a total value of about 560 million yuan in visa goods, helping enterprises to deepen their cultivation in the international market with the help of policy incentives.
The tariff reduction brings real benefits! "Han Longzhe, the director of Yanbian Kexian Biotechnology Co., Ltd., calculated a" policy dividend account ". The key components of the liquid automatic packaging machine imported by the company were subject to an 8% most favored nation tariff rate before the implementation of the free trade agreement. Now, with the agreement's tariff reduction policy, zero tariff imports have been achieved, saving 44000 yuan in taxes on a single batch of equipment. Han Longzhe stated that all the saved funds will be invested in the research and development of new products and the intelligent upgrading of production lines, significantly improving the cost-effectiveness and market competitiveness of the products. The sustained release of policy dividends has given businesses greater confidence in expanding into the Korean and Northeast Asian markets.
With the continuous progress of the second phase negotiations of the China South Korea Free Trade Agreement, bilateral economic and trade cooperation has ushered in a broader development space. Based on the achievements of smart customs construction, Yanji Customs has launched a series of precise and convenient service measures: through big data analysis, it accurately screens potential enterprises and key industries that have not yet benefited, forms an expert team to provide "one-on-one" policy guidance, and explains in detail the agreement rules, origin standards, and tariff reduction policies; Continuously optimizing the "intelligent review+self-service printing" service model to achieve "zero waiting and zero errand" for certificate of origin application; We will implement classified supervision and rapid inspection for "fresh and perishable" characteristic agricultural products such as matsutake mushrooms, further shorten customs clearance time, reduce enterprise costs, and comprehensively improve the level of trade facilitation.