EXPORT

MALAYSIA: Crude Palm Oil Export Tariff Rises to 8%

06 January 2021

The country’s export tax rate on crude palm oil (CPO) has increased from 6.5% (the rate technically applicable in December 2020) to 8% for the current month. The rate is calculated in line with a reference price provided by the industry regulator, the Malaysian Palm Oil Board, which is now set at MYR3,475.44 (US$864), a price that incurs the top rate of 8%. More

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VIETNAM: New Penalties for Customs Violations Come into Effect

05 January 2021

Changes have been introduced to the penalties applicable for a range of customs violations. This sees fines ranging from US$86-US$432 now applying to offences relating to the temporary import/export of goods and the mislabeling of goods, while fines of US$2,600-US$3,500 may now be levied on the import/export of restricted goods without licences. More

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China Exempts Some Medical Supplies from Export Commodity Inspections

11 December 2020

On 3 December, the General Administration of Customs announced medical supplies under 14 10-digit HS codes will no longer be subject to export commodity inspections (Announcement No. 124 [2020]). More

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China Announces 2021 Total Quantity of Export Quotas and Application Methods

05 November 2020

The Ministry of Commerce recently announced the total quantity of export quotas and the relevant quota administration provisions for 2021 (Announcement No. 49 [2020]). More

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BANGLADESH: New Free Trade Agreement Protocols Set for Adoption

23 October 2020

The government has committed to revising its guidelines on preferential trade agreements (PTAs) and free trade agreements (FTAs). Prepared by the Ministry of Commerce, the Policy Guidelines for Preferential Trade Agreement (PTA)/Free Trade Agreement (FTA)-2020 are said to take into account evolving global and domestic economic and trade patterns. More

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VIETNAM: Moves Made to Join Pan-ASEAN Self-Certification of Origin Scheme

31 July 2020

The First Protocol to Amend the ASEAN Trade in Goods Agreement (ATIGA) has now been ratified by the Vietnam government, facilitating the country’s move to join an ASEAN-wide origin of goods Self Certification (AWSC) scheme. More

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SINGAPORE: China Announced as Latest Signatory to Covid-19 Cooperation Pact

13 July 2020

China is the latest country to sign up to an international initiative founded by Singapore and New Zealand, which aims to maintain trade and supply chain connectivity amid the ongoing challenge of the coronavirus outbreak. More

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China Supports Sale of Export Products on Domestic Market

11 June 2020

The State Council executive meeting chaired by Premier Li Keqiang on 9 June confirmed the deployment of support for domestic sales of marketable export products to help foreign trade companies tide over difficulties. More

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China Suspends Export of Epidemic Prevention Supplies through Simplified Customs Channel

15 May 2020

The General Office of the Ministry of Commerce said on 12 May that customs clearance facilitation measures have recently been suspended in cities like Yiwu for the export of epidemic prevention supplies through “market procurement trade” scheme, which is a simplified channel for customs clearance of small batches of goods. More

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China Strengthens Quality Control Over Exports of Non-medical Face Masks and Other Epidemic Prevention Supplies

29 April 2020

The Ministry of Commerce, the General Administration of Customs and the State Administration for Market Regulation recently issued a joint announcement on measures to strengthen quality control over epidemic prevention supplies and regulating the export order (Announcement No. 12 [2020]). More

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