Recording them separately may require the use of supplementary sources of information in order to determine the origin of re-exports, that is, to determine that the goods in question are indeed re-exports rather than the export of goods that have acquired domestic origin through processing. It is not possible to determine through Trade Map which export data are actually re-export data as most customs offices do not currently record re-exports separately. Re-imports Re-imports refer to imports of goods in the same state as previously exported.

The official definitions and descriptions in the Revised Kyoto Convention Specific Annex B , Chapter 2 are set out below: "Re-importation in the same state [is defined as] the customs procedure under which goods that were exported may be taken into home use free of import duties and taxes, provided that they have not undergone any manufacturing, processing or repairs abroad [ Re-importation in the same state shall be allowed even if only a part of the exported goods is re-imported.

It is recommended that Customs Offices record them separately for analytical purposes; however this is rarely done in practice. Recording them separately may require the use of supplementary sources of information in order to determine the origin of re-imports, i. It is not possible to determine through Trade Map which import data are indeed re-import data as most customs offices do not record re-imports separately. Ship stores and bunkers Ship stores and bunkers are stores in ships and aircrafts, which consist mostly of fuels and food.

Both "Free Zone" and "Ship stores and bunkers" are trading partner entities. Special Categories The partner "Special Categories" is used by a reporting country if it does not want the partner breakdown to be disclosed. The use of this partner depends on the combination of reporting country, trade flow, year and commodity. Tariff A tariff is a customs duty or tax levied on imports of merchandise goods.

China's Import and Export Licensing Framework - China Briefing News

Most of the time a tariff is an ad valorem tariff percentage of value or a specific tariff e. Less often, it can be a compound tariff made up of both of these elements applies. Tariffs are mostly levied on imports, but there are cases of tariffs on exports. Tariffs raise revenue for the government and increase the prices of imported products, thus giving domestically produced products a price advantage.

Generally, it is the importer that pays the tariff. The importer declares the dutiable value of merchandise to the Customs Authority in the importing country and the final appraisal of the goods value is done by customs. Most often it is the transaction value the price actually paid by the buyer to the seller that serves as the basis for the value appraisal. Tariffs presented in Trade Map are averages of ad valorem equivalent import tariffs. To learn more about tariffs please visit Market Access Map.

Tariff line level The tariff line level refers to the classification codes of goods, applied by individual countries, that are longer than the 6-digit level of the Harmonized System HS. Tariff line codes and the corresponding product descriptions define the products at the most detailed level in the country. This detailed level can differ from one country to another since countries are free to introduce national distinctions for tariffs and many other purposes. The national tariff line codes are based on the HS but are longer than 6 digits. For example, the 6-digit HS code refers to "asses, mules and hinnies, live", whereas the US National Tariff line code Trade System The trade systems are the different ways for a country to measure its international trade.

There are two different trade systems. The general trade system is in use when the statistical territory of a country coincides with its economic territory. Consequently, under the general trade system, imports include all goods entering the economic territory of the country. Import-Export Taxes and Duties in China. An Introduction to Doing Business in Hong Kong is designed to introduce the fundamentals of investing in Since the formulation of the GBA Initiative in , business communities have placed high expectation on the Doing Business in China is designed to introduce the fundamentals of investing in China.

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Compiled by the The start of a new year tends to be a hectic time for foreign companies in China. During this period, business The year challenged businesses around the world with the early breakout of the pandemic. Companies around I am interested in import and export with China. How do I obtain an import export license? Your email address will not be published.

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Save my name, email, and website in this browser for the next time I comment. Notify me of follow-up comments by email. Notify me of new posts by email. Stay Ahead of the curve in Emerging Asia. Our subscription service offers regular regulatory updates, including the most recent legal, tax and accounting changes that affect your business. Goods Import System China classifies its imports into three categories: Permitted Restricted Prohibited Permitted Goods Most imported goods fall under the permitted category, and MOFCOM has implemented an automatic licensing system to monitor the importation of such goods.

For , imported goods requiring licenses fall under two categories: Used mechanical and electronic products Substances that deplete the ozone layer An import license is generally valid for one year.

There are three types of export licensing in China: Export quota license e. Related Reading Hong Kong and Singapore Holding Companies In this issue of China Briefing Magazine, we take a closer look at the benefits of both Hong Kong and Singapore holding companies, how to establish and maintain a company in each of these jurisdictions, and the relevant double tax agreements. Related reading May 01, March 31, May Learn how and when to remove this template message.

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International trade

By country. Comparative advantage Competitive advantage Heckscher—Ohlin model New trade theory Economic geography Intra-industry trade Gravity model of trade Ricardian trade theories Balassa—Samuelson effect Linder hypothesis Leontief paradox Lerner symmetry theorem Terms of trade.

Main article: Timeline of international trade. Main article: International trade theory. Main articles: List of countries by exports and List of countries by imports. Play media. Retrieved SSRN Mundra, Kusum, Immigrant Networks and U. Federal Register. Washington, D. Archived from the original on November 24, Retrieved March 13, Archived from the original on March 13, Retrieved March 12, May 13, Retrieved April 11, — via National Archives.

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Archived from the original on May 20, Retrieved May 20, World News Network. United States: World News Inc. May 20, Import Export data. World Trade Week New York. Journal of Cleaner Production. ISSN Retrieved 4 December European Scientist. Retrieved 17 May Nature Food. Elliott 1 March Proceedings of the Nutrition Society.

PMID National Bureau of Economic Research. Journal of Regional Science. S2CID IMF Blog.