Fine art imports to be easier in FTZ revamp
Print Edition
IMPORTS of fine art will be made easier as the China (Shanghai) Pilot Free Trade Zone yesterday announced deregulation.
Importers in the FTZ will no longer need the China Compulsory Certificate to import works listed in the CCC catalog, according to a statement from the Shanghai Entry-Exit Inspection and Quarantine Bureau.
China is the world’s second-largest art market with a trading volume of over US$6 billion in 2014. Many imported art works have found themselves stranded at customs without the CCC.
The CCC is a compulsory safety mark for many products imported, sold or used in China.
Since the launch of the Shanghai FTZ in 2013, China has used it to test a number of new policies, including “negative list” management of foreign investment, preferential trade and financial policies, and opening up more industries to foreign investors.
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