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China

The first batch of pilot free trade zones to connect with international high standard rules has been fully implemented

2024-08-07   

On the 6th, the reporter learned from the Ministry of Commerce that the first batch of pilot measures for the integration of international high standard rules in free trade zones have been fully implemented. In June 2023, the State Council issued the "Several Measures for Promoting Institutional Opening up in Pilot Free Trade Zones and Free Trade Ports with Conditions to Meet International High Standards", which took the lead in piloting in five pilot free trade zones in Shanghai, Guangdong, Tianjin, Fujian, and Beijing, as well as in Hainan Free Trade Port. After a year of trial and error, various pilot measures have been fully implemented, forming a number of leading and pioneering institutional innovation achievements. Carry out a batch of "pioneering and first trial" institutional innovations. Taking the lead in relaxing the import of 62 remanufactured products such as automobile engines, the first order in the country has landed in Shanghai, saving 40% of costs for enterprises. Take the lead in implementing the pre ruling extension system based on application, allowing applicants to submit extension applications before the original decision expires, effectively improving trade predictability. We have taken the lead in breaking through the mandatory product certification method for information technology equipment, allowing the use of self declaration as a guarantee that imported products comply with electromagnetic compatibility standards. The first certificate in the country has been issued and is now effective. Launch a series of open measures to connect the market. Supporting overseas professionals to provide services within the country, all six regions have released and implemented a list of overseas professional qualification recognition and further expanded the scope of recognition. Facilitating the work and life of foreign personnel in China, issuing visa documents for foreign executives and their accompanying family members who plan to establish companies in pilot areas for up to 2 years, and allowing the accompanying family members of foreign-funded enterprise experts to enjoy the same residency period as the experts. According to the principle of internal and external consistency, approval shall be made for the application of new financial services by foreign-funded financial institutions, and decisions shall be made within 120 days for relevant service applications submitted by overseas financial institutions. Implement a batch of "cost reduction and efficiency improvement" policies to benefit enterprises. For temporarily imported goods such as goods used for exhibitions or displays, no customs duties or import taxes will be paid after providing guarantees. Aircraft and ships that temporarily leave the country for repairs and are then transported back to Hainan Free Trade Port are exempt from customs duties. Allowing specific words to be labeled on imported wine labels, including descriptive words such as "rare" and "classic", has been imported in over a hundred batches. Realize customs clearance within 6 hours for eligible imported air freight express goods and within 48 hours for general goods, continuously improving customs clearance efficiency. Develop a set of "efficient and transparent" management practices. Publish typical cases of online consumer rights protection and explore ways to resolve potential consumption risks in new business formats and models. When announcing the transaction results of single source government procurement projects, explain the reasons for adopting this method to further enhance transparency. Support and guide enterprises to take the lead in aligning with internationally recognized standards and guidelines, and establish voluntary mechanisms to improve environmental performance. Actively promote the pilot program of publicizing arbitration awards. (New Society)

Edit:He Chuanning Responsible editor:Su Suiyue

Source:Xinhua

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