While the world has been focused on the retaliatory trade regulation changes, China has made some dramatic changes to its import and export policies that will affect any company trading in China’s economy. Gary Barraco, the Director of Global Product Marketing at Amber Road, discusses these changes and what it means for a company’s current China trade management strategy and companies trying to break into the Chinese marketplace on the SupplyChainBrain podcast with host Bob Bowman. These changes have been overshadowed by the tit-for-tat tariff talks, but that doesn’t detract from the importance of these changes on global trade.
In March of 2018, the 13th National People’s Congress of China formally approved a proposal to simplify and integrate many import and export agencies. The goal is to streamline operations and bolster the economic environment, including customs clearance, market-access measures on product quality, and the investment environment of foreign-invested enterprises. Since the vote, the China General Administration of Customs (GAC) announced the revision of 71 regulations and the abolition of two regulations related to customs supervision.
Some other changes discussed on the podcast include:
- The integration of the China and Inspection Quarantine (CIQ) and China Customs
- Implementing a new Single Window Portal with one declaration for both Customs and CIQ that shippers can use to submit their declaration and physical inspection data
- Updating the China Customs Commodity HS Code from a 10-digit HS code to a new 13-digit HS code
- Changes in the AEO Certification and Self-compliance Programs
Tune into the SupplyChainBrain podcast to find out more about these changes and what you should expect as a shipper trading in China.
This post was published on June 26, 2019 and updated on June 26, 2019.