Foreign Trade Updates
On December 18th, the 12th China-Serbia Government Economic and Trade Joint Committee meeting was held in Beijing. Both sides reviewed cooperation achievements, agreed to deepen ties via Belt and Road, free trade agreement, and signed meeting minutes.
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On Dec 19, China requested consultations with India at WTO over India's tariff measures on information and communication products and photovoltaic subsidies, which violate WTO obligations. China urges India to correct these practices to safeguard its legitimate rights.
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Liu Lei, the first secretary of Shanliwang Village stationed by Qingdao Customs, drives rural revitalization via activating party organizations, upgrading morel mushroom greenhouses, developing new industries, and pushing livelihood projects, increasing collective and villagers' incomes.
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Mount Huangshan Spring Home Textiles exports household textiles to South Korea, New Zealand etc., with nearly 60 million yuan export value in Jan-Oct (up 4.7% YoY). Mount Huangshan Customs supports via "one enterprise, one policy", issues 169 preferential certificates of origin (saving 1.75 million yuan tariffs). Huangshan's textile exports hit 170 million yuan in Jan-Nov; customs will keep optimizing services.
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Recently, the first batch of imported food and drug substances under the new classification management measures (effective Dec 3, 2024) cleared customs at Zaozhuang Customs. The reform (covering 30 pilot commodities) eliminates the "Import Drug Customs Clearance Form" for non-medicinal imports, solving enterprises' bottlenecks. Zaozhuang Customs supports implementation to boost local foreign trade.
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As northern hemisphere enters cold winter, demand for heating rises, boosting China's heating small appliances exports. Shandong exported 1.75b yuan of such products in Jan-Nov this year. Qingdao Customs launched "Warm Winter Special Window" and facilitation measures to support enterprises, helping domestic heating appliances go global smoothly.
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Guangzhou Customs seized 121 Ambra's Paraguayan catfish (an invasive alien species native to South America) from a fishing boat in the Pearl River Estuary, which was smuggling the species violating China's relevant laws.
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In the first 11 months of this year, Fujian Province exported 1.13 billion yuan worth of trucks, up 75.3% year-on-year. ASEAN and Africa were main markets. State-owned and private enterprises grew, with independent brands accounting for 98.4%. Fuzhou Customs launched actions to support exports.
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Fujian's human vaccine exports hit 350 million yuan in Jan-Nov this year, up 290% YoY (all by private enterprises). Belt and Road countries are the main market (99.8% of total), with Pakistan, Madagascar and Burundi as key destinations. Fuzhou Customs supports exports via smart actions and green channels.
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On December 18th, Fuzhou's first urban duty-free shop opened, adopting "duty-free+taxed", "imported+domestic", "online+offline" models. Located in Gulou core district, it sells diverse products including Fujian intangible cultural heritage. Supported by Fuzhou Customs, eligible passengers can shop (airport pickup within 60 days). It boosts international consumption and meets diverse needs.
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Starting from Dec 18, Hainan Free Trade Port launched island-wide lockdown. Ningbo Customs provides a practical guide covering zero-threshold travel, upgraded duty-free policies (expanded categories, resident benefits, 100k yuan annual limit) and 4 island departure pickup methods.
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On December 18, CCTV's news client reported Ningbo enterprises serve ASEAN with technical strength. Ningbo Customs data shows Jan-Nov import/export to ASEAN was nearly 200B yuan (13.7% YoY growth); mechanical products (main export) hit ~60B yuan (22.9% YoY increase).
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