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Zero-tariffs! Going to the ASEAN Free Trade Zone to "gold rush" - Anhui Market News

2018/4/21

零关税!到东盟自贸区“淘金”去--安徽市场报

The “gold rush” of the ASEAN Free Trade Area has been triggered by the enterprises. From January 1, 2010, about 7,000 products between China and ASEAN will enjoy zero-tariff treatment and realize the liberalization of trade in goods. The “China-ASEAN Free Trade Area”, the third largest segment in the world after the European Union and the North American Free Trade Area, will create a population of 1.9 billion consumers, nearly 6 trillion US dollars worth of GDP, and 1.2 trillion US dollars. The total economic area of trade. Faced with such a large number of cakes, even Yu Yong, director of the Provincial Department of Commerce, could not help it. At the provincial business conference held on the 22nd, Director Yu Yong called on the enterprises to seize the opportunity of the ASEAN Free Trade Area. Seize the market. In fact, prior to this, some enterprises had started planning ahead for the ASEAN market. Story: "Nuggets" service outsourcing in Cambodia In these days, the chairman of Anhui Guohe Investment Group Yan Yonggang was particularly busy. Although people are in the country, he has been remotely controlling an investment project in Cambodia. "Before 2010, we have already completed the preliminary preparations for the project." It turned out that long before the opening of the China-ASEAN Free Trade Area on January 1 this year, Yan Yonggang had fully seen the prospect of the free trade zone in Cambodia. Invested in an electronic product service outsourcing project. “We are undertaking the outsourcing of mobile phone services by U.S. telecommunications operators, but this project cannot be launched in China for some reason, but Cambodia can operate. The investment cost in Cambodia is much lower than that in China, and the wages of its workers are much lower than the current domestic prices. The average salary level." Yong Yonggang said that before implementing zero tariffs, we must also consider the issue of access to our service outsourcing products. After the implementation of zero tariff, not only can China and Cambodia exempt from tax, but also through other countries in ASEAN, products can also enter Europe and other countries and regions free of charge, to a greater extent, reduce the cost of tariffs and reduce business costs. “After the completion of this mobile phone service outsourcing project, it is estimated that the first year's output value will be 30 million US dollars. My project construction costs and human resources costs are greatly reduced, and through this project, I will also do similar computer training schools in the local The prospects for derivative industries are very attractive.” Good news: ASEAN is the third-largest exporter of Anhui. According to the relevant person from the Department of Foreign Trade Development of the Department of Commerce of the People's Government, the China-ASEAN Free Trade Area is a free trade zone constructed between China and 10 ASEAN countries. . Including Vietnam, Laos, Thailand, Singapore, Malaysia, Philippines, Indonesia, Myanmar, Cambodia, Brunei. The aim is to complete all tariff and non-tariff reductions by 2010, eliminating tariffs and non-tariff barriers existing between the parties. The trade between Anhui and ASEAN has a long history. According to official statistics, in 2005, the bilateral trade volume between Anhui and ASEAN countries was 490 million U.S. dollars. In recent years, with the increase of the degree of openness in Anhui, ASEAN has become an important partner of Anhui. The latest statistics from the Provincial Department of Commerce show that in 2009, the export market in Anhui Province totaled 206 countries or regions, and the top five export partners were the European Union, the United States, ASEAN, Japan, and Hong Kong. Total exports to these five markets were US$4.44 billion, accounting for 54.4% of the province's total exports over the same period. "After the free trade zone has not yet been opened, Anhui has already established a good basis for cooperation with ASEAN. With the opening of the free trade zone and the emergence of zero-tariff benefits, the export costs of the enterprises will be greatly reduced. The enterprises will also create more. Legend of wealth," said Yu Yong, director of the Department of Commerce. Prospects: The enterprises will use ASEAN to go to the world In stark contrast to the huge business opportunities brought by the China-ASEAN Free Trade Area, many enterprises that have focused their attention on the European and American markets have little knowledge of ASEAN. It is on this background that Yu Yongcai, director of the Department of Commerce, called for more Anhui companies to pay attention to the business opportunities brought by the free trade zone and seize this opportunity. In addition to enjoying the zero-tariff policy brought about by direct exports, the Chairman of Anhui Guohe Investment Co., Ltd. Ji Yonggang also provided a move for local companies to set up a factory in a country in the China-ASEAN Free Trade Area. Its products can be sold to other countries without tariffs. 10 countries. At present, ASEAN has signed agreements with Japan, South Korea, India and other countries for free trade zones. Chinese enterprises can also enjoy the preferential tariff treatment of free trade areas in ASEAN and those countries that invest and produce in ASEAN, and thus can be sold to the broader international market. Taking Singapore as an example, a company can sell products to a wider international market through cooperation with Singapore companies." Reminder: Exports should not forget to bring “ID cards” to enjoy zero tariffs. The relevant person in charge of the Anhui Entry-Exit Inspection and Quarantine Bureau reminded them that the enterprises should make full use of the "Preferential Certificate of Origin" to reduce transaction costs and improve the competitiveness of "Made in Anhui" in ASEAN. Wang Hao, Head of Origin Certification Section of Anhui Entry-Exit Inspection and Quarantine Bureau, stated that "Preferential Certificate of Origin" is an "ID card" for the export of enterprises from our province to ASEAN commodities. If it is within the scope of the preferential treatment, it can allow the importing enterprises to enjoy tariff preferences or even Zero-tariff treatment, therefore, is also known as the "golden key" for export companies and importers to negotiate and open the door to each other. It can be described as "a piece of paper money." “Currently, enterprises have already begun to enjoy the sweetness of the preferential origin certification.” Wang Xi told reporters that last year the province issued a total of 2,855 certificates of preferential origin and the visa amounted to US$129 million, which was an increase of 139.3% and 128.7% over the same period. The export enterprises in our province have therefore received preferential tariff reductions for more than 10 million U.S. dollars. "I believe that with the close contact between the Fujian-based enterprises and the ASEAN Free Trade Area, there will be more and more companies to apply for a certificate. At that time, it will usher in a peak period for certification." Wang Xiao told reporters with a smile. Yang Jingya reporter Yu Zongju

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