Customs reform to be extended countrywide
Print Edition
CHINA’S customs regulator yesterday unveiled a plan to extend reform of customs management, being tested in the Shanghai pilot free trade zone, to the entire country.
From Monday, measures initiated by the China (Shanghai) Pilot Free Trade Zone to simplify clearance procedures will be expanded to 51 special economic zones along the Yangtze River, the General Administration of Customs said in a statement on its website yesterday.
Meanwhile, measures to facilitate clearance will apply to special economic zones countrywide from September 3 and to areas beyond these zones from September 18, the statement said.
Yu Guangzhou, head of the customs administration, said that duplication of the reforms “should combine practical conditions and consider the applicability of the system and enterprise demands.”
In April, Shanghai Customs launched 14 pilot measures to cut clearance costs and enhance efficiency of the customs process in the city’s pilot free trade zone, which was launched on September 29, 2013.
The measures included allowing goods to enter the zone before going through customs declaration procedures, letting firms transport goods within the zone in their own registered vehicles and allowing zone-based companies to offer maintenance services to overseas customers.
Enterprises in the FTZ can display bonded goods outside the zone and pay duty only after they have been sold. That will streamline the import process and trim retail prices of products by 20 to 30 percent.
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