On December 20, 2015, China-Korea, China-Australia Free Trade Agreement came into effect.
Tire related companies benefit from China-Korea-China-Australia FTA
It was learned from the Dongying CCPIT of Shandong Province that on the day of the agreement’s entry into force, Dongying CCPIT Jingxing Tire Group Co., Ltd., Shandong Shengtong Steel Cord Co., Ltd., Shengli Oilfield Furuite Petroleum Equipment Co., Ltd. and Dongying Haike Xinyuan Chemical Co., Ltd. Co., Ltd. applied for and successfully issued preferential preferential certificates of origin for the first China-Korea and China-Australia Free Trade Agreements in Dongying City.
It is understood that the export products are rubber tires, steel cords, sucker rods and propylene glycol, involving a value of nearly 200,000 U.S. dollars, and a total of 11862.53 U.S. dollars in tariff reductions, of which the steel cords and rods are subject to the agreed tariff rate. From 8% down to zero tariffs.
This preferential certificate of origin adopts the full electronic visa and independent printing method. The company can complete all application procedures without leaving home.
At present, the Dongying CCPIT is authorized by the General Conference to independently issue a free trade agreement concession certificate, and more than 4,800 concessionary certificates have been issued for export enterprises in the region.
The electronic data of certificates can be transmitted to the General Administration of Customs of China through the Internet in real time, which can effectively promote the cross-border transmission of export electronic data of enterprises and promote trade facilitation.
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