2024 New Foreign Trade Regulations.
From January 1, 2024, China will adjust the import and export tariffs of some commodities.
Laos requires the registration of import and export companies.
Hungary will implement a mandatory ** system from next year.
Singapore's Goods and Services Tax (GST) will be increased to 9%.
The European Union approved lactic acid produced by Weizmannia coagulans DSM 32789 as a feed additive for certain animals.
The Cabinet of Ministers of Russia approved the rules for labelling red and black caviar.
Amazon's many fee adjustments will take effect from January next year.
China has adjusted the import and export tariffs of some commodities.
According to the Ministry of Finance, the Customs Tariff Commission recently issued an announcement that in order to completely, accurately and comprehensively implement the new development concept, accelerate the construction of a new development pattern, and better perform the important functions of tariffs in the overall planning of domestic and international markets and resources, according to the "Regulations of the People's Republic of China on Import and Export Tariffs" and related regulations, from January 1, 2024, the import and export tariffs of some commodities will be adjusted
The following are the highlights of the new tariff rules:
Provisional import tax rate adjustments:
From January 1, 2024, China will implement a provisional import tax rate lower than the most-favored-nation tax rate for 1,010 goods. This includes reducing import tariffs on resources that are in short supply in China, such as lithium chloride, low-arsenic fluorite, and gas diffusion layers for fuel cells, as well as key equipment and components, in order to accelerate the innovation and development of advanced manufacturing.
Zero tariff on anti-cancer drugs and rare disease drugs:
In order to protect people's lives and health and meet residents' consumption needs with high-quality supply, zero tariffs are implemented on drugs and raw materials for some anti-cancer drugs and rare disease drugs.
Agricultural Seed Tariff Adjustment:
Reduction of import duties on sweet corn, coriander and burdock seeds, which currently have insufficient domestic production capacity and still need to be imported. Reducing tariffs will help ensure the supply of China's seed industry and promote the healthy and stable development of China's agriculture.
Treaty Tax Rate Adjustments:
According to the free agreements and preferential arrangements signed between China and relevant countries or regions, in 2024, the agreed tax rates will be implemented on some commodities originating in 30 countries or regions under 20 agreements.
Export Tariff Adjustments:
According to the development of domestic industries and changes in supply and demand, from January 1, 2024, tariffs on some export commodities will be reduced within the scope of China's commitment to join the World ** Organization.
Laos requires the registration of import and export companies.
A few days ago, the Minister of Industry and Trade of Laos, Malethong Gongmasi, said that the first batch of registration of import and export companies began with companies that imported food, and will then be expanded to import and export enterprises of minerals, electricity, parts and electronic equipment, electrical equipment and other first-value products, and will be expanded to cover all products in the future.
From January 1, 2024, if an enterprise is not registered with the Ministry of Industry and Trade of Laos as an importer or exporter, it shall not declare import and export goods to the customs.
Hungary will implement a mandatory ** system from next year.
The official website of the Hungarian Ministry of Energy recently said that it will implement a mandatory ** system from January 1, 2024, so that the ** rate of PET bottles will reach 90% in the next few years. In order to promote Hungary's circular economy and meet EU requirements as soon as possible, Hungary has developed a new extended producer responsibility system, which requires producers to pay more to dispose of waste generated from the production and use of their products. From the beginning of 2024, Hungary will also introduce a mandatory ** fee.
Singapore's Goods and Services Tax (GST) will be increased to 9%.
Singapore plans to increase the Goods and Services Tax (GST) rate from 8% to 9% in 2024. This will be the second rate hike since it was announced in 2022 when the state budget was presented.
Ukraine amended the Regulation on the Procedure for Submission of Information on Cosmetics
On November 24, 2023, Ukraine issued a circular amending the Regulation on the Procedure for Submission of Information on Cosmetics.
The purpose of this regulation is to establish a mechanism for the submission of information on cosmetics, and to establish an electronic submission information system and maintenance procedures for cosmetics. The information system is an information and communication network for cosmetic data processing and information provision. The regulation is approved by the Cabinet of Ministers of Ukraine by resolution No. 65 of January 20, 2021 on the Technical Regulations on Cosmetics (see documents G tbt n ukr 145 and g tbt n ukr 145 add.).2) and Regulation (EC) No. 1223 2009 of the European Parliament and of the Council of November 30, 2009 on cosmetics.
The review period for the regulation ends on January 23, 2024.
The U.S. publishes the Liquid Chemicals Classification Update Regulations
On November 22, 2023, the United States issued the 2022 Liquid Chemicals Classification Update Regulations.
The main purpose of this revision is to bring the classification of liquid chemicals in the regulation into line with the 2020 edition of the International Code for the Construction and Equipment of Ships Transporting Hazardous Chemicals in Bulk. The updated ** provides a list of liquid hazardous materials, liquefied gases, and compressed gases approved for international and domestic maritime transport, and explains how each substance is classified according to its contamination potential, safe transportation requirements, chemical flammability, flammability, and compatibility with other substances. The rule does not impose additional charges on chemical shippers or ship owners.
The regulation will come into force on December 21, 2023.
The European Union approved lactic acid produced by Weizmannia coagulans DSM 32789 as a feed additive for certain animals.
On November 28, 2023, according to the Official Journal of the European Union, the European Commission issued Regulation (EU) 2023 2644, according to Regulation (EC) No 1831 2003 of the European Parliament and of the Council, approving lactic acid (Lacticacid) produced by Weizmannia coagulans DSM32789 as a feed additive for all animals except aquatic animals and ruminants without a functional rumen.
In accordance with the conditions specified in the annex, such additives are authorized as animal additives under the category "Technical additives" and in the functional group "Preservatives". The authorization ends on December 19, 2033. These regulations will enter into force on December 28.
The Cabinet of Ministers of Russia approved the rules for labelling red and black caviar.
On November 29, 2023, the official legal information of the Russian Federation issued Decree No. 2028 of the Russian Federation on the approval of the Rules for the Labelling of Sturgeon Caviar and Salmon Caviar (Red Caviar) and the Implementation Rules of the State Information System for Monitoring the Circulation of Goods with Mandatory Labeling of Sturgeon Caviar and Salmon Caviar (Red Caviar). These include:
1) From April 1, 2024, it is necessary to register with the national information system that monitors the circulation of goods subject to compulsory labelling by means of identification;
2) Caviar produced or imported before May 1, 2024 (before the end of the expiration date) is allowed to be caviar without labeling. The regulation will come into force on March 1, 2024.
Amazon's many fee adjustments will take effect from January next year.
As 2023 draws to a close, Amazon has recently updated new policies such as logistics fees and referral fees for 2024, which will take effect from January 2024.
Effective January 15, 2024, Amazon will reduce the referral fee for apparel products: from 17% to 5% for apparel products priced below $15For apparel products priced between $15 and $20, the referral fee will be reduced from 17% to 10%. This referral fee adjustment is only for the clothing category, and the referral fee for other products remains unchanged.
Amazon has added two new surcharges: Inbound Configuration Service Fee (new, effective March 1, 2024 US time) and Low Inventory Fee (new, effective April 1, 2024 US time).
In addition, Amazon has increased the storage utilization surcharge (from 26 weeks to 22 weeks). Starting April 15, 2024, Amazon will reduce its logistics and fulfillment fees, and standard-size products will be reduced by 0$2, non-standard size items will be reduced by 0 per item on average61 USD.
Amazon's US station announced that from February 5, 2024, multi-channel fulfillment (MCF) fees will be increased by 35%。
end—Huacheng Chuangzhi SOHO Home, free to see customs data].